IC Markets
3:09
2:39
2:10
2:18
3:43
8:42
MetaTrader 4 vs MetaTrader 5
3:00 · 8 chapters · Forex lessons, part 54
What you'll learn
MT4 or MT5? One is simpler and forex-focused, the other covers more markets and tools. Here's how to choose, and what changes when you switch.
Go further with our written guide on this topic, browse all the free Learn Forex lessons, or check today's market in our forex news.
- Key point 1
- What MT4 does well and who it suits
- Key point 2
- What MT5 adds: more markets, 21 timeframes, a built-in calendar and stronger backtesting
- Key point 3
- The extra pending order types in MT5
- Key point 4
- Why MT4 indicators and Expert Advisors don't run on MT5
- Key point 5
- How to choose a platform for your trading style
Rules and limits from regulators and official sources; every price, account and chart in the video is an example. Education, not financial advice.
More forex lessons
The video is presented by an animated host with a computer-generated voice; the research and checks are by the FX Recap team. Risk warning: forex and CFD trading carries a high risk of losing money because of leverage, and most retail accounts lose money. This is education and review, not financial advice. FX Recap may earn a commission from some broker links; see our affiliate disclosure.