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  1. #1
    Registered User Aayushi's Avatar
    Join Date
    Oct 2021

    What is the difference between MT4 and MT5?

    Both offer to pioneer automatic buying and selling structures with professional advisors.

    • MT4 and MT5 don’t have equal server build-ups.
    • When compared to MT4, MT5 is faster because of the improvements.
    • The server configurations for MT4 and MT5 are not the same.
    • MT4 was created primarily for forex traders, whereas MT5 allowed traders to trade CFDs, equities, and futures.
    • MT4 is a simple trading platform. It comes with 30 built-in indicators. Traders can choose between two execution modes, four different pending orders, two types of market orders, a trailing stop function, and two types of stop orders.
    • MT5 contains a depth of market access, 38 built-in indicators, six types of pending orders, and a separate economic calendar page with amazing features such as impact, schedule, news event, etc.
    • EUR and USD are the account-based currencies available in MT4, while BCC, BTC, LTC, ETH, and USD are available in MT5.

    When it comes to deciding between MT4 and MT5, it is entirely a matter of personal preference. However, MT4 may be a better alternative for beginners solely trading forex because of its ease of use.
    Last edited by Aayushi; 04-23-2022 at 07:46 AM.

  2. #2
    Registered User myresellerhome's Avatar
    Join Date
    Jan 2022
    MT4 and MT5 are two different types of trading platforms that allow users to trade stocks, commodities, and other financial instruments. They both offer a user-friendly interface and comprehensive data analysis tools. However, there are some important differences between the two platforms.
    MT4 is more popular among institutional investors due to its greater functionality and features. MT5 is more popular with individual traders because it offers lower costs and simpler interface.

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