What Are The Differences Between MT4 And MT5 Platforms? – Quomarkets

MT4 and MT5 share the same MetaTrader lineage, but MT5 was built to support a wider range of markets and more advanced tools. Below is a breakdown of the major distinctions:

Feature	MT4	MT5
Main Trading Instruments	Designed primarily for forex trading. Supports a limited number of CFDs and futures. Well-suited for traders focusing on currency pairs.	Offers a broader range of trading instruments, including forex, stocks, commodities, indices, and futures. Provides a more comprehensive support for various financial markets, including centralized exchanges, allowing for greater portfolio diversification.
Order Types and Execution	Supports 4 pending orders: Buy Limit, Sell Limit, Buy Stop, Sell Stop. Basic Order Execution modes: Instant, Request, Market.	Expands to 6 pending orders (adds Buy Stop Limit and Sell Stop Limit). Advanced Order Execution modes: Instant, Request, Market, Exchange. Allows partial order fills, providing more trading flexibility.
Timeframes and Technical Analysis	Offers 9 timeframes for charts, ranging from 1 minute to 1 month, along with 30 built-in technical indicators and 24 analytical objects for market analysis.	Provides up to 21 timeframes for charts, including intermediate timeframes like 2 minutes and 4 hours, enabling more detailed market analysis.
Swap Charges	Applies a 3-day swap charge, excluding weekends, which means traders may incur extra fees for positions held over weekends.	Charges swaps daily, including weekends, allowing for a clearer understanding of the costs associated with holding positions overnight.
Economic Calendar	Does not include a built-in economic calendar, requiring traders to seek external resources for economic data and event tracking.	Features a built-in economic calendar that provides real-time updates on significant market events, helping traders stay informed about potential market volatility.
Price Quote Digits	Supports price quotes with up to 5 digits, which may limit precision for some trading strategies.	Allows for more precision with price quotes extending to 6 or more digits, which can be particularly beneficial for scalpers and day traders.
Depth of Market (DOM)	Does not include a Depth of Market feature, missing out on valuable insights into market liquidity and order flow.	Provides users with the ability to view the Depth of Market, offering critical information about supply and demand at different price levels.