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Comparison between MT4 and MT5: Key Differences and Features

4813 views 2209 August 8, 2023

Platform differences between MT4 and MT5:

  1. There are various trading systems available for trading.
    • If an MT4 account type is opened, the MT4 platform will be used.
    • If an MT5 account type is opened, the MT5 platform will be used.
  2. The operating hours of the trading program are different. It depends on each liquidity service provider. However, the market’s opening and closing times in Thailand are the same, so trading is based on the price on the chosen platform only.
  3. On the MT5 platform, it appears more contemporary and features a percentage spread that indicates the percentage of the market that is rising or falling at the moment, similar to the stock market, which the trading application will display.
  4. The MT5 platform can choose 21 TFs (default and custom), while the MT4 platform has 9 TFs (default only).
  5. The MT4 platform can set 6 types of pending orders:
Buy StopSell Stop
Buy LimitSell Limit
Take ProfitStop Loss

There are two additional categories of pending orders available on the MT5 platform:

Buy StopSell Stop
Buy LimitSell Limit
Take ProfitStop Loss
Buy stop limitSell stop limit

However, the choice ultimately depends on the user’s convenience, trading preferences, and specific requirements, such as the desired features, analytical tools, and overall trading experience they are looking for in a platform.





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