MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two of the most recognized trading platforms in the industry. While their names are similar, the platforms differ significantly in performance, technology, and supported asset types.
Although both platforms are widely used globally, IUX currently provides access exclusively to MetaTrader 5 (MT5) to ensure a more advanced and future-ready trading experience.
What Is MT4?
MetaTrader 4 (MT4) is a trading platform primarily designed for CFD trading. It is well known for its simple interface, stability, and ease of use, making it a long-standing standard for many traders. One of MT4’s key strengths is its strong support for Expert Advisors (EAs) and a large number of custom indicators developed by the trading community. As a result, MT4 remains a popular choice even after the release of MT5.
What Is MT5?
MetaTrader 5 (MT5) is the next-generation platform developed by MetaQuotes as an upgrade to MT4. It features a more advanced system architecture and modern technology, supporting a wider range of assets such as CFDs, stock (CFD), index (CFD), commodity (CFD), and more. MT5 also offers enhanced analytical tools and more advanced order management, making it ideal for traders who require a comprehensive and powerful trading platform.
Key Differences Between MT4 and MT5
| Category | MetaTrader 4 (MT4) | MetaTrader 5 (MT5) | Summary |
| Supported Asset Types | Focuses mainly on CFD trading | Supports a wider range of markets, including stock (CFD) and more complex instruments | MT5 is better if you plan to trade multiple markets. |
| Order Types | Supports standard order types (Market, Pending, Stop Loss, Take Profit) | Offers additional and more flexible order types, including advanced pending orders | MT5 benefits traders who use complex strategies and advanced order management. |
| Timeframes & Analytical Tools | Provides standard timeframes sufficient for general trading | Offers more timeframes and enhanced analytical tools | MT5 provides greater flexibility for detailed technical analysis. |
| Indicators & EA | Uses MQL4; has the largest library of EAs and custom indicators | Uses MQL5; delivers higher performance and better support for complex automated systems | MT4 is convenient for existing EAs, but MT5 is superior for developing new high-speed systems. |
| Speed & System Performance | Lightweight, stable, and suitable for standard computers | Built on a newer architecture with faster processing and multi-threading support | MT5 is ideal for fast strategy testing or running multiple charts simultaneously. |
| Strategy Tester | Offers basic EA testing functionality | Features a powerful Strategy Tester with multi-threaded testing capabilities | MT5 is ideal for EA developers requiring detailed backtesting. |
Should You Choose MT4 or MT5?
Choose MT4 if you:
- Primarily trade CFDs
- Prefer a simple, lightweight, and stable platform
- Already use a large number of MT4 EAs or indicators
Choose MT5 if you:
- Want to trade multiple asset classes (multi-asset trading)
- Need more timeframes and advanced analytical tools
- Develop or test advanced EAs and require higher system performance
Can the Same Account Be Used for MT4 and MT5?
No. MT4 and MT5 are completely separate trading platforms. An account created for one platform cannot be used on the other.
MT4 Account Credentials: Can be used only on MT4 desktop, MT4 WebTrader, and MT4 mobile applications. Cannot be used to log in to MT5.
MT5 Account Credentials: Can be used only on MT5 desktop, MT5 WebTrader, and MT5 mobile applications. Cannot be used to log in to MT4.
While MT4 played a significant role in the evolution of online trading, MT5 represents the future of multi-asset and algorithmic trading technology.
If you are choosing a platform today — especially for long-term development and broader market access — MT5 is the more advanced and scalable solution. And at IUX, that’s exactly why we support MT5.