MT4 vs MT5
Updated
MT5 has more desktop charting tools and a more capable strategy tester. MT4 may still suit you if you rely on an existing MQL4 robot or indicator. Both have free downloads, web trading and mobile apps; switching an automated strategy requires an MT5 version of the code.
Side by side
Compare desktop features and device support. Web and mobile differences are included in Read more.
| What to compare | MetaTrader 4 4.1 | MetaTrader 5 4.2 |
|---|---|---|
| Access and pricing | Not established in the published review | Not established in the published review |
| Desktop | Windows · macOS · Linux Read more
| Windows · macOS · Linux Read more
|
| Mobile | iOS · Android | iOS · Android |
| Browser | Web | Web |
| Charting | Conflicting evidence Chart types: Candlestick, Bar, Line Read more
| Chart types: candlestick, bar, line Read more
|
| Automation | Scripting: MQL4 Read more
| Scripting: mql5 Read more
|
| Testing | Backtester (MQL4): Yes Read more
| Backtester (mql5): Yes Read more
|
| Order modes | Market Read more
| One-click trading: Yes |
| Integrations | Copy trading: Yes | Not established in the published review |
| Trader evidence | 1,020,082 reviews across tracked sources | 1,256,631 reviews across tracked sources Read more
|
| Full evidence | Read MetaTrader 4 review | Read MetaTrader 5 review |
Access and pricing
MetaTrader 4
Not established in the published review
MetaTrader 5
Not established in the published review
Desktop
MetaTrader 4
Windows · macOS · Linux
Read more
- Windows
- macOS
- Linux
- Native support not verified
MetaTrader 5
Windows · macOS · Linux
Read more
- Windows
- macOS
- Linux
- Native support not verified
Mobile
MetaTrader 4
iOS · Android
MetaTrader 5
iOS · Android
Browser
MetaTrader 4
Web
MetaTrader 5
Web
Charting
MetaTrader 4
Conflicting evidence
Chart types: Candlestick, Bar, Line
Read more
- Chart types: Candlestick, Bar, Line
- Indicators: 30
- Drawing tools: 24
- The review records 24 drawing tools, while MetaQuotes' desktop documentation lists 23 analytical objects. The review's edition/version is not explicit, so these counts are unresolved rather than interchangeable.
MetaTrader 5
Chart types: candlestick, bar, line
Read more
- Chart types: candlestick, bar, line
- Indicators: 38
- Drawing tools: 44
Automation
MetaTrader 4
Scripting: MQL4
Read more
- Scripting: MQL4
- Expert advisors: Yes
MetaTrader 5
Scripting: mql5
Read more
- Scripting: mql5
- Expert advisors: Yes
Testing
MetaTrader 4
Backtester (MQL4): Yes
Read more
- Backtester (MQL4): Yes
- Backtesting: Yes
MetaTrader 5
Backtester (mql5): Yes
Read more
- Backtester (mql5): Yes
- Backtesting: Yes
Order modes
MetaTrader 4
Market
Read more
- Market
- Limit
- Stop
- One-click trading: Yes
MetaTrader 5
One-click trading: Yes
Integrations
MetaTrader 4
Copy trading: Yes
MetaTrader 5
Not established in the published review
Trader evidence
MetaTrader 4
1,020,082 reviews across tracked sources
MetaTrader 5
1,256,631 reviews across tracked sources
Read more
- Community rating 4.0/5 (1 votes)
- 1,256,631 reviews across tracked sources
Sources and methodology
Access and pricing
Platform review: MetaTrader 4; review locale: en. Broker regulation and account eligibility are separate checks.
Review verification recorded: 2 Sept 2026
Links marked review-level do not verify each individual claim.
Platform review: MetaTrader 5; review locale: en. Broker regulation and account eligibility are separate checks.
Review verification recorded: 2 Sept 2026
Links marked review-level do not verify each individual claim.
Desktop
Platform review: MetaTrader 4; review locale: en. Broker regulation and account eligibility are separate checks.
Review verification recorded: 2 Sept 2026
Links marked review-level do not verify each individual claim.
- TraderJury review (review-level evidence)
- MetaTrader 4 platform overview (review-level)
- MetaTrader 4 technical analysis (review-level)
- MetaTrader 4 order types (review-level)
- MetaTrader 4 automated trading (review-level)
- MetaTrader 4 Strategy Tester (review-level)
- MetaTrader 4 mobile apps (review-level)
- MetaTrader 4 signals service (review-level)
Review field: platform_matrix
Platform review: MetaTrader 5; review locale: en. Broker regulation and account eligibility are separate checks.
Review verification recorded: 2 Sept 2026
Links marked review-level do not verify each individual claim.
- TraderJury review (review-level evidence)
- Google Play - MT5 Android app (review-level)
- App Store - MT5 iOS app (review-level)
- MetaQuotes — MetaTrader 5 release notice, 1 June 2010 (review-level)
- MetaQuotes company history (review-level)
Review field: platform_matrix
Charting
Platform review: MetaTrader 4; review locale: en. Broker regulation and account eligibility are separate checks.
Review verification recorded: 2 Sept 2026
Links marked review-level do not verify each individual claim.
- TraderJury review (review-level evidence)
- MetaTrader 4 technical analysis (review-level)
- MetaTrader 4 order types (review-level)
- MetaTrader 4 automated trading (review-level)
- MetaTrader 4 Strategy Tester (review-level)
- MetaTrader 4 mobile apps (review-level)
- MetaTrader 4 signals service (review-level)
- MetaQuotes MT4 desktop specification (checked 21 September 2026) Desktop documentation; not a correction to the published review
Review field: charting_features; platform_matrix
Platform review: MetaTrader 5; review locale: en. Broker regulation and account eligibility are separate checks.
Review verification recorded: 2 Sept 2026
Links marked review-level do not verify each individual claim.
- TraderJury review (review-level evidence)
- Google Play - MT5 Android app (review-level)
- App Store - MT5 iOS app (review-level)
- MetaQuotes — MetaTrader 5 release notice, 1 June 2010 (review-level)
- MetaQuotes company history (review-level)
Review field: charting_features; platform_matrix
Automation
Platform review: MetaTrader 4; review locale: en. Broker regulation and account eligibility are separate checks.
Review verification recorded: 2 Sept 2026
Links marked review-level do not verify each individual claim.
- TraderJury review (review-level evidence)
- MetaTrader 4 platform overview (review-level)
- MetaTrader 4 technical analysis (review-level)
- MetaTrader 4 order types (review-level)
- MetaTrader 4 automated trading (review-level)
- MetaTrader 4 Strategy Tester (review-level)
- MetaTrader 4 mobile apps (review-level)
- MetaTrader 4 signals service (review-level)
Review field: scripting_languages; platform_features
Platform review: MetaTrader 5; review locale: en. Broker regulation and account eligibility are separate checks.
Review verification recorded: 2 Sept 2026
Links marked review-level do not verify each individual claim.
- TraderJury review (review-level evidence)
- Google Play - MT5 Android app (review-level)
- App Store - MT5 iOS app (review-level)
- MetaQuotes — MetaTrader 5 release notice, 1 June 2010 (review-level)
- MetaQuotes company history (review-level)
Review field: scripting_languages; platform_features
Testing
Platform review: MetaTrader 4; review locale: en. Broker regulation and account eligibility are separate checks.
Review verification recorded: 2 Sept 2026
Links marked review-level do not verify each individual claim.
- TraderJury review (review-level evidence)
- MetaTrader 4 platform overview (review-level)
- MetaTrader 4 technical analysis (review-level)
- MetaTrader 4 order types (review-level)
- MetaTrader 4 automated trading (review-level)
- MetaTrader 4 Strategy Tester (review-level)
- MetaTrader 4 mobile apps (review-level)
- MetaTrader 4 signals service (review-level)
Review field: scripting_languages; platform_features.backtesting
Platform review: MetaTrader 5; review locale: en. Broker regulation and account eligibility are separate checks.
Review verification recorded: 2 Sept 2026
Links marked review-level do not verify each individual claim.
- TraderJury review (review-level evidence)
- Google Play - MT5 Android app (review-level)
- App Store - MT5 iOS app (review-level)
- MetaQuotes — MetaTrader 5 release notice, 1 June 2010 (review-level)
- MetaQuotes company history (review-level)
Review field: scripting_languages; platform_features.backtesting
Order modes
Platform review: MetaTrader 4; review locale: en. Broker regulation and account eligibility are separate checks.
Review verification recorded: 2 Sept 2026
Links marked review-level do not verify each individual claim.
- TraderJury review (review-level evidence)
- MetaTrader 4 platform overview (review-level)
- MetaTrader 4 technical analysis (review-level)
- MetaTrader 4 order types (review-level)
- MetaTrader 4 automated trading (review-level)
- MetaTrader 4 Strategy Tester (review-level)
- MetaTrader 4 mobile apps (review-level)
- MetaTrader 4 signals service (review-level)
Review field: execution_quality.order_types; platform_features.one_click_trading
Platform review: MetaTrader 5; review locale: en. Broker regulation and account eligibility are separate checks.
Review verification recorded: 2 Sept 2026
Links marked review-level do not verify each individual claim.
- TraderJury review (review-level evidence)
- Google Play - MT5 Android app (review-level)
- App Store - MT5 iOS app (review-level)
- MetaQuotes — MetaTrader 5 release notice, 1 June 2010 (review-level)
- MetaQuotes company history (review-level)
Review field: platform_features.one_click_trading
Integrations
Platform review: MetaTrader 4; review locale: en. Broker regulation and account eligibility are separate checks.
Review verification recorded: 2 Sept 2026
Links marked review-level do not verify each individual claim.
- TraderJury review (review-level evidence)
- MetaTrader 4 platform overview (review-level)
- MetaTrader 4 technical analysis (review-level)
- MetaTrader 4 order types (review-level)
- MetaTrader 4 automated trading (review-level)
- MetaTrader 4 Strategy Tester (review-level)
- MetaTrader 4 mobile apps (review-level)
- MetaTrader 4 signals service (review-level)
Review field: platform_features.copy_trading
Platform review: MetaTrader 5; review locale: en. Broker regulation and account eligibility are separate checks.
Review verification recorded: 2 Sept 2026
Links marked review-level do not verify each individual claim.
Trader evidence
Platform review: MetaTrader 4; review locale: en. Broker regulation and account eligibility are separate checks.
Review verification recorded: 2 Sept 2026
Links marked review-level do not verify each individual claim.
- TraderJury review (review-level evidence)
- MetaTrader 4 platform overview (review-level)
- MetaTrader 4 technical analysis (review-level)
- MetaTrader 4 order types (review-level)
- MetaTrader 4 automated trading (review-level)
- MetaTrader 4 Strategy Tester (review-level)
- MetaTrader 4 mobile apps (review-level)
- MetaTrader 4 signals service (review-level)
Review field: external_ratings; app_ratings
Platform review: MetaTrader 5; review locale: en. Broker regulation and account eligibility are separate checks.
Review verification recorded: 2 Sept 2026
Links marked review-level do not verify each individual claim.
- TraderJury review (review-level evidence)
- Google Play - MT5 Android app (review-level)
- App Store - MT5 iOS app (review-level)
- MetaQuotes — MetaTrader 5 release notice, 1 June 2010 (review-level)
- MetaQuotes company history (review-level)
Review field: community_score; external_ratings; app_ratings
- Software access pricing does not establish the total cost of trading through a broker.
- These review fields do not identify an edition or version. Check desktop, web and mobile support separately.
- Counts are reported by rating sites, not verified distinct traders or withdrawals. No total is shown when equally dated records from one source disagree.
Screenshots
Meaningful differences
More charting tools on MT5
MT5 desktop has 21 timeframes and 38 built-in indicators. MT4 desktop has 9 timeframes and 30 indicators. Both let you add custom indicators.
Your MT4 robot needs an MT5 version
MT4 uses MQL4; MT5 uses MQL5. Their event handlers, indicator access and trading functions differ. Ask the developer for an MT5 build or port the source code before switching.
A different strategy tester
MT5 supports multi-currency testing, real-tick data and parallel optimization. MT4 also tests and optimizes Expert Advisors on historical data. Run the same strategy with the intended broker's data before comparing results.
Netting or hedging
MT5 supports both systems, but the account determines which you use. Netting combines trades into one position per symbol; hedging allows separate positions. This matters when a robot manages several trades on the same instrument.
Migration checklist
- Inventory source code, vendor licences, dependencies, templates, symbols and external services.
- Map event handlers, data access, indicator buffers, order/position logic and account-mode assumptions.
- Obtain an MT5 build or source-level port; do not assume an .ex4 file migrates itself.
- Run bounded non-live checks under the intended broker/account and preserve MT4 rollback access.
Questions to check before choosing
- Do I own source code, or only a compiled vendor file and licence?
- Does the strategy rely on MT4 order logic, broker-specific symbols, DLLs or custom indicators?
- Does the intended MT5 account support hedging or netting as required?
- Which exact edition, broker server, instruments and history will the workflow use?
About this comparison
Based on the linked reviews and provider documentation. How TraderJury reviews products.
- English editorial page
- MetaTrader desktop/web/mobile editions
- Broker/server/account support remains separate
- Published platform review fields plus primary MetaQuotes sources
- This page contains no hands-on platform test, migration result, backtest, latency measurement or execution observation.
- Broker/server configuration determines availability, symbols, history and account mode.
- Desktop charting counts follow current MetaQuotes documentation. Web and mobile editions have different feature sets.
