MetaTrader4 Vs MetaTrader5

The long-awaited, updated version of the MT5 trading platform including the option of Hedging has been released and is now exclusively available to all Margin Markets clients for download.

Discover all the new features plus the key differences between the new MetaTrader5 and the previous MetaTrader4 Trading Platforms.

Key differences between MT4 and MT5

Features Description MT5 MT4
Order Execution Types Number of supported types of order execution. 4 3
Partial Order Filling Policies Partial edit option where a trade that is now available with maximum volume is executed, not exceeding the volume requested in the order, and unfilled volume is cancelled. Yes No
Order Fill Policy Additional order execution conditions Fill or Kill Immediate or Cancel Return Fill or Kill
Pending Order Types Types of pending orders requesting a broker to buy or to sell a financial security under pre-defined conditions in the future. 6 4
Netting Having one open position of a financial instrument only. Yes No
Hedging Having multiple positions of a financial instrument, both in the same and opposite direction Yes No
Market Depth Bids and offers for a financial security at different prices depending on the volume Yes No
Technical Indicators Technical indicators are used to automatically detect patterns in the financial instrument price dynamics 38 30
Graphical Objects Analysis tools that help to identify financial instrument price trends, to detect cycles and support / resistance levels, to build channels and more 44 31
Timeframes Group quotes of financial instrument in time intervals. 21 9
Economic Calendar A fundamental analysis tool which features macroeconomic news from numerous countries that can affect financial instrument prices Yes No
Email System Built-in email service, where you can receive notifications from Margin Markets straight to your platform. Yes
(with attachments)
Yes
(without attachments)
Embedded MQL5.community chat Chat with other traders directly from the platform Yes No