Project Description

“An electronic trading platform widely used by online retail foreign exchange speculative traders” – MT4/MT5

MT4 VS MT5
Which Suits You Best?💡

Published By: Syed Farhan
Date: 5th of September 2018


Which Is Better?

Well, many forex traders worldwide still prefer MT4 due to its high popularity and manage to set the standard & flexibility amongst traders. Here’s why:

Similarity:

Both allows Forex Trading.

Differences:

  1. Only MT5 users can trade markets other than Forex; stocks and commodities.
  2. In the USA, MT5 users are required to follow the rule of F.I.F.O. (First In, First Out).
  3. Only MT4 can deal with hedging. In the USA, hedging is barred from trading activity so MT5 platform is more relevant there in the states.
So, which is better? If you are mainly trading in Forex and you are not in the USA and you want to be able to do hedging, then MT4 would be a better choice. If you would like to trade other than Forex, then MT5 would suit your needs, however, be aware of the rules set in the MT5 platform.