MetaTrader
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:
- 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 |