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MT4 vs MT5: Which MetaTrader Trading Platform is better for your Forex Brokerage

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Sanfrix Marketing
MT4 vs MT5: Which MetaTrader Trading Platform is better for your Forex Brokerage

MetaQuotes is a leading software development company that builds trading platforms and other applications for brokerages, banks, and exchanges.

A few years ago, Metaquotes released MetaTrader5 typically referred to as MT5 which is a successor of MT4 with additional timeframes, features, and advantages.

However, MT5 is not literally an upgrade of MT4, because the latter was mainly developed for forex trading, whereas, MT5 was designed to provide access to CFDs, stocks, and futures in addition to forex.

MetaTrader5 uses MQL5, whereas MetaTrader4 uses MQL4.

MT5, on the other hand, was developed with the intention to support all the major markets including stocks, futures and FX trading instruments.

Additionally, MT5 supports unlimited symbols, while MT4 has a maximum cap of 1024 symbols.

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