Platforms
MT4 vs MT5 — Which Platform Should You Choose?
Both platforms are available on all TMGM account types. Here is how they compare.
MetaTrader 4
The World's Most Popular Trading PlatformMT4 has been the industry standard for over 15 years. It is the go-to platform for forex and gold traders, with thousands of custom indicators, EAs, and a massive online community.
30+ built-in technical indicators
4 order types: Market, Limit, Stop, Trailing Stop
Expert Advisor (EA) support for automated trading
One-click trading and one-cancels-other (OCO)
MQL4 programming language for custom indicators
Backtesting with historical data
Available on Windows, Mac, iOS, Android, and Web
Best for:
Forex traders, gold traders, EA users, and those who prefer simplicity
MetaTrader 5
Next-Generation Multi-Asset PlatformMT5 is the modern successor with more timeframes, additional asset classes, an integrated economic calendar, and superior backtesting capabilities. It handles multi-asset trading better than MT4.
38+ built-in technical indicators
6 order types including buy/sell stop limit
Depth of Market (DOM) view
Economic calendar built into the platform
MQL5 programming with multi-threaded backtesting
Hedging allowed on all TMGM accounts
Additional timeframes: 2-minute, 8-hour, 12-hour charts
Available on Windows, Mac, iOS, Android, and Web
Best for:
Multi-asset traders, algorithmic traders, and those who need advanced analysis