MT4 vs. MT5: Choosing the Right Trading Platform for Your Brokerage

For brokers, selecting the right trading platform is pivotal to aligning with your business goals and meeting trader expectations. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are industry leaders, each offering unique advantages. Let’s explore their differences to help you decide.

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Purpose and Market Access

1. MT4: Focused on Forex trading, making it a favorite among currency traders.
2. MT5: A multi-asset platform supporting Forex, stocks, commodities, and futures, perfect for brokers targeting diverse markets.

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Analysis Tools and Indicators

1. MT4: 30 technical indicators, 9 timeframes, and basic fundamental analysis tools.
2. MT5: Enhanced with 38 indicators, 21 timeframes, and an integrated economic calendar.

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Order Execution and Systems

1. MT4: Offers 4 pending orders, 3 execution modes, and hedging.
2. MT5: Features 6 pending orders, 4 execution modes (including exchange execution), and both hedging and netting.

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User Interface and Experience

1. MT4: Simple, user-friendly, and resource-efficient.
2. MT5: Advanced with more features but requires higher system resources.

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Conclusion:

Your choice between MT4 and MT5 should reflect your brokerage’s goals, target audience, and market strategy. Whether you prioritize simplicity or advanced capabilities, Amun Consulting is here to guide you every step of the way.

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