Most popular forex trading platforms


This is the most popular retail trading platform, used by millions of traders worldwide. It was developed by MetaQuotes Software and released in 2005. It is a feature-rich platform that gives the ability to the traders to do a wide range of trading activities.

There are two versions of MetaTrader platform currently available:

  1. MetaTrader4 in Forex trading is the world most popular trading platform that offers everything that you need to implant even the most complex trading strategies. Great features and trading tools are combined for providing for best trading experience.

2. MetaTrader5 is the newest version of MetaTrader platform. MT5 platform design allows it to be used also by non-forex traders. MT5 is becoming one of the most popular platforms in the trading world. It has all the features that MT4 has, combined with additional features to optimize the trading experience.

MT4 VS MT5 Comparation Table

MT4 VS MT5 Features
Feature MT4 MT5
Availability to brokers Very popular Popular
User-friendly and easy to navigate Extremely easy Extremely easy
Roll-over and Hedging Possible Possible
Programming Language used MQL4 MQL5
Number of order execution types 3 4
Number of Pending Order Types 4 6
Depth of Market No Yes, but not available from the beginning
Technical Indicators 30 38
Timeframes 9 21
Economic Calendar Not Available Available in MT5 apps
Reports Tables only Tables + Charts
Everything can be exported to Excel
Open Trades View Lots only Lots, Quantity + Milliseconds
Docked Charts Not available Available
Market Watch Less detailed More details + easy navigation
Partial Order Filling Not available Available
Email System No attachments With attachments
Strategy Tester Single threaded Multi-threaded + multi-currency + Agent manager