MT4 or MT5? Which trading platform is the most suitable for your Business?

Financial trading platform  allows the use of an account to trade multiple assets and supports assets such as foreign exchange(forex) , CFDs, futures, options, stocks, and bonds.

In the retail forex business, trading platform is a must for all brokers. Traders execute their trades on trading platform, hence brokers get prepared to provide the fittest trading platform for their clients if they aims to offer the best trading experience for customers.

Well, it is believed that this field is dominated by only two front-end trading platforms from one company– MetaQuotes’ MT4(or MetaTrader 4) and MT5(or MetaTrader 5).

The company frequently gets asked by clients to evaluate whether MT4 or MT5 is more suitable for them, therefore Fazzaco will introduce MT4 and MT5.

1. MT4

Launched in 2005, MT4 has proven itself well against the test of time. It has an unrivalled reputation and has all the features traders need. Such as numerous charting software, over 1,700 trading robots, over 2 thousand kinds of technical indicators in the MT4 market, copy trading, alerts, financial news and mobile trading.

2. MT5

Launched in 2010, MT5 allows account users to trade multiple assets and supports assets such as foreign exchange, CFDs, futures, options, stocks, and bonds. MetaQuotes'ambition for MT5 is to position it as "the best trading platform in foreign exchange and financial markets". 

MT4 and MT5 Trading Platform Comparison

From the above chart, we can see the differences between MT4 and MT5:

• The MT5 platform has more functionality and trading tools versus the MT4 platform. This includes features such as an economic calendar, time & sales data, real-time testing of trading strategies, a more liberal order filling policy, market depth visibility, a larger selection of technical indicators and graphical tools, and the ability view multiple timeframes.

• When compared to MT5, the positioning of MT4 trading product is relatively precise, focusing on financial investment trading varieties such as foreign exchange, gold and silver. Besides, MT4 is more convenient. The stability of MT4 is relatively good. It is easier to use and manage.

As you can conclude from the comparison, either MT4 or MT5 has its own advantages, the debate over the two platforms has never stopped. MT4 and MT5 each have a group of loyal supporters. 

Except for MT4 and MT5, there are actually many other trading software, such as cTrader, Currenex, Sirix Trader, ProTrader etc. For more information, visit Fazzaco to get the full list​​.