MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two of the most widely used trading platforms developed by MetaQuotes. While they share some similarities, each is tailored to different types of traders and market needs. Understanding their key differences can help you decide which suits your strategy best.
Despite the release of MT5, MT4 remains widely used thanks to its vast ecosystem of custom indicators, tools, and trading robots. Its continued popularity is also supported by its strong compatibility with many brokers and devices.
MT5 uses the MQL5 language, which is more powerful and object-oriented than MT4’s MQL4, allowing for more complex trading systems and analysis. It's suited for traders seeking more market diversity and advanced technical capabilities.
Why Choose Valetax for MT4 and MT5?
Valetax supports all types of traders with flexible account options, from beginner-friendly Cent Accounts to advanced PRO Accounts. Regulated by the Mauritius FSC, it ensures a secure trading environment. With service across 15 regions and platform access via desktop, web, and mobile, Valetax offers global reach and seamless trading flexibility—whether you prefer the simplicity of MT4 or the advanced tools of MT5.
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What Is MT4?
Launched in 2005, MetaTrader 4 is a forex-focused trading platform known for its reliability, simplicity, and large user community. MT4 offers robust charting tools, real-time market data, and support for automated trading via Expert Advisors (EAs). It is especially popular among forex traders due to its fast execution and broad broker support. The platform is lightweight and ideal for straightforward strategies, especially in currency trading.Despite the release of MT5, MT4 remains widely used thanks to its vast ecosystem of custom indicators, tools, and trading robots. Its continued popularity is also supported by its strong compatibility with many brokers and devices.
What Is MT5?
Released in 2010, MetaTrader 5 is a multi-asset platform that expands trading beyond forex to include stocks, commodities, indices, and futures. It was built with a more advanced architecture, faster backtesting capabilities, and a wider array of tools. MT5 supports 38 built-in indicators, 21 timeframes, and features like Depth of Market (DOM) and an integrated economic calendar.MT5 uses the MQL5 language, which is more powerful and object-oriented than MT4’s MQL4, allowing for more complex trading systems and analysis. It's suited for traders seeking more market diversity and advanced technical capabilities.
Key Differences at a Glance
| Feature | MT4 | MT5 |
|---|---|---|
| Primary Focus | Forex only | Multi-asset (forex, stocks, etc.) |
| Order Types | 4 basic types | 6 types including stop limit |
| Timeframes | 9 | 21 |
| Indicators | 30 built-in | 38 built-in |
| Strategy Tester | Single-currency | Multi-currency, faster backtesting |
| Economic Calendar | Not included | Built-in |
| Hedging | Fully supported | Depends on account type |
| Programming Language | MQL4 | MQL5 |
Should You Use MT4 or MT5?
The choice depends on your trading goals:- Choose MT4 if you primarily trade forex and prefer a simpler, battle-tested platform with a vast array of community support, tools, and broker compatibility
- Choose MT5 if you want to trade multiple asset classes, need advanced analytical tools, or are building complex trading algorithms that benefit from more powerful infrastructure and features.
Is MT4 Still Relevant?
Yes. As of 2025, MT4 remains the leading platform for retail forex trading. Despite no longer being offered to new brokers, it’s still widely supported and used due to its effectiveness and simplicity. However, long-term, traders may need to consider MT5 as MetaQuotes continues focusing on its development.Why Choose Valetax for MT4 and MT5?
Valetax supports all types of traders with flexible account options, from beginner-friendly Cent Accounts to advanced PRO Accounts. Regulated by the Mauritius FSC, it ensures a secure trading environment. With service across 15 regions and platform access via desktop, web, and mobile, Valetax offers global reach and seamless trading flexibility—whether you prefer the simplicity of MT4 or the advanced tools of MT5.
Final Thought
MT5 isn’t just an upgraded MT4—it’s a different platform designed for broader trading needs. Your decision should be based on your trading strategy, assets of interest, and the features you prioritize.Let me know if you’d like to adapt this into a blog or include visuals for Medium.
