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.
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