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Platform Comparison

MT4 vs MT5 — The Definitive Broker Comparison

Both platforms power the global forex industry, but they serve different needs. We break down every technical difference so you can make the right infrastructure decision.

Comprehensive MT4 vs MT5 comparison for forex brokers. Differences in architecture, order types, scripting, multi-asset support, hedging.

MT4 Since 2005
MT5 Since 2010
80%+ Brokers Use MT
MT4 vs MT5 Trading Platforms
Overview

Two Platforms, Different Strengths

MetaTrader 4 has been the industry standard since 2005, beloved for its simplicity and massive ecosystem. MetaTrader 5 brings modern architecture, multi-asset capabilities, and advanced features — but adoption requires careful planning. Understanding the differences is critical before making infrastructure decisions.

Head-to-Head

Feature-by-Feature Comparison

A detailed technical comparison of both platforms across the metrics that matter most to brokers.

Feature
MetaTrader 4
MetaTrader 5
Programming Language
MQL4
MQL5 (OOP, faster)
Order Types
4 types
6 types + exchange execution
Timeframes
9 timeframes
21 timeframes
Hedging
Native hedging
Hedging + Netting modes
Market Depth
Not available
Full DOM support
Multi-Asset
Forex & CFDs only
Forex, Stocks, Futures, Options
Economic Calendar
Not built-in
Built-in calendar
Backtesting
Single-threaded
Multi-threaded, multi-currency
Decision Guide

When to Choose Which Platform

The right platform depends on your brokerage model, target market, and growth strategy.

MetaTrader 4

Choose MT4 When...

Your brokerage focuses primarily on forex and CFDs, your clients rely on existing MQL4 Expert Advisors, you need the widest possible trader adoption, and you want a battle-tested platform with minimal complexity. MT4 excels in simplicity and has the largest trader community worldwide.

MetaTrader 5

Choose MT5 When...

You plan to offer multi-asset trading (stocks, futures, options), you need advanced order types and exchange execution, your clients require deeper market analysis tools, and you're building a future-proof infrastructure. MT5 is the strategic choice for brokers planning long-term growth.

MT4 to MT5 Migration
Migration

Planning Your MT4 to MT5 Transition

Migration doesn't have to be disruptive. We execute seamless transitions with full account migration, LP reconfiguration, plugin adaptation, and parallel running periods to ensure zero client impact. Our team has migrated over 200 brokerages successfully.

FAQ

Frequently Asked Questions

Is MT5 better than MT4?

MT5 is more advanced technically — with more order types, timeframes, and multi-asset support. However, MT4 remains dominant in forex-only brokerages due to its simplicity, massive EA ecosystem, and trader familiarity.

Can I run both MT4 and MT5 simultaneously?

Yes. Many brokers operate both platforms in parallel to serve different client segments. We provide full support for dual-platform environments including shared infrastructure and unified risk management.

How long does MT4 to MT5 migration take?

A typical migration takes 2-6 weeks depending on complexity, number of accounts, custom plugins, and LP integrations. We handle the entire process with zero downtime strategies.

Will MetaQuotes discontinue MT4?

MetaQuotes no longer issues new MT4 server licenses, but existing installations continue to receive support. The industry is gradually transitioning to MT5, making migration planning important.

Which platform has better EA support?

MT4 uses MQL4 and has a larger existing library of Expert Advisors. MT5 uses MQL5 which is more powerful but has a smaller ecosystem. MQL4 EAs cannot run natively on MT5.

Need Help Choosing or Migrating?

Our team has managed hundreds of MT4 and MT5 deployments. We can advise on the best platform strategy for your brokerage.