5 Reasons MT5 is Better Than MT4

MT4 and MT5 are two of the world’s most popular trading platforms. Millions of Meta traders from all over the globe use MT4 and MT5 every day; however, the question is what makes MT5 the better option for Meta traders? Before we explore the top reasons that make MT5 the better option for traders, let us establish the difference between MT4 and MT5 first.

Read on to learn more.

MT4 vs. MT5 – What is Different?

MT4 has historically been a popular platform among forex investors due to its user-friendly interface and customization choices, which have made the MT4 platform accessible to both beginner traders and professionals. Despite its continued popularity, the MT4 platform has certain limitations compared to its successor, MT5. If you want to trade on the go, you might want to opt for the MT5 download and use the trading app on your mobile device.

Nonetheless, when it comes to the comparison of the essential trading parameters of MT4 and MT5, it is quite evident why MT5 is the preferred choice for traders. MT5 comprises more technical indicators, timeframes, graphical objects, as well as amazing features, such as depth of market and economic calendar.

Tap Into A Wider Market with MT5

When it comes to the first reason to choose MT5 for your trading, you should know about its primary advantage, which is essentially its versatility, which allows you to trade across multiple markets. In other words, you can tap into a wider market access as this trading platform surpasses forex trading and opens doors to cryptocurrencies, indices, stocks, and futures markets, all of which you can access from a single platform.

Leverage the Advanced Technical Capabilities

You can leverage twenty-one time frames with MT5, which is evidence enough of the amazing analytical capabilities that you can leverage by using the MT 5 trading platform. Compared to MT5, MT 4 comprises only nine time frames. With that said, you can tap into more diverse and granular analytical tools for successful trades with the advanced technical analysis of the MT5 trading platform.

MT5 Offers A Superior Language Upgrade

The programming architecture of MetaTrader 5 is evidently superior to its counterpart, MetaTrader 4. The programming language of MT5 is built on object-oriented programming language principles, which is why the MetaTrader 5 platform offers faster testing speeds, better optimization, and improved code execution. This essential improvement in its programming architecture enables traders to perform sophisticated yet automated trading strategies while leveraging the more complex trading algorithms.

MT5 Introduces Updated Trading Features

Compared to MT4, MT5 offers updated trading features that are contemporary and absent in MT4. For instance, MT 5 comprises a built-in chat system and an economic calendar. Simultaneously, the MT5 trading platform supports headache and netting systems, which establishes greater flexibility in the management of trading positions. On the contrary, the MT4 trading platform has a limited approach as it lacks modern trading features that are now part of MT5.

MT5 is For the Future

Lastly, with the evolution of the financial markets, the architecture of MT 5 has evolved too, to the point of becoming future-proof due to its technological updates. As a matter of fact, the architecture of MT 5 is better positioned to adapt to new regulations and requirements while ensuring optimal performance. However, you should know that these advanced features that are part of MT5 require a higher system and a steeper learning curve.