What are the Differences between MT4 and MetaTrader 5 Stock Trading Platforms?

MT4 vs MetaTrader 5 Stock Trading Platforms Difference

MetaTrader 4 & MetaTrader 5 stocks trading platforms are electronic stock trading platforms used by stock traders to place stock trades online. However, MT4 platform is primarily used for retail stock trading while MT5 is used as a multi asset stock trading software for trading stocks, stock indices, CFDs, commodities, equities in addition to stock instruments.

MT4 stocks software provides stock traders with 9 stock chart timeframes while MT5 stocks software provides stock traders with 21 stock chart timeframes.

MT4 stocks software provides stock traders with 30 in built stock technical indicators while MT5 stocks software provides stock traders with 38 in built stock trading technical indicators.

MT4 stocks software provides stock traders with 31 stock charts tools while MT5 platform provides stock traders with 44 stock chart tools - with additional tools such as Elliott wave drawing stock tools.

MT4 platform does not provide a stock economic calendar to stock traders while MT5 platform provides stock traders with an economic calendar which alerts stock traders when stock news reports are about to be released.

MT4 platform does not provide depth of market DOM, to stock traders while MT5 stocks software provides depth of market DOM, to stock traders which allows stock traders to view where stock bids and stock offers are priced in the stock market.

MT4 stocks trading platform uses MetaQuotes Language 4 or MQL4 for coding stock automated EA, stocks trading robots while MT5 stocks trading platform uses MetaQuotes Language 5 or MQL5 for coding stock automated EA, stock bots. Stock EAs which are programmed using MQL4 Language aren't compatible with MQL5 Language meaning Meta-Quotes Language 4 or MQL4 Expert-Advisors can't be used on Meta-Quotes Language 5 or MQL5 programming environment used by MT5 platform.

MQL5 coding language is easier to use as compared to MQL4 programming language which requires more programming functions to complete each stock trading operation when compared to MQL5.

MT4 stocks trading EAs cannot be used on MT5 platform & MetaTrader 5 stocks trading EAs cannot be used on MT4 platform.

MT4 platform provides stock traders with four pending stock order types: buy stop, sell stop, buy limit & buy stop stock pending orders- while MT5 platform provides stock traders with six pending stock order types: buy stop, sell stop, buy limit, buy stop, buy/sell stop and buy/sell limit stock pending orders.

MT4 platform provides stock traders with hedging while MT5 stocks software provides stock traders with hedging and netting. Netting is combining of newly added stocks orders to the already opened stocks orders that are similar.

MT5 platform is faster than MT4 platform. MT5 platform is 64 bit multi threaded stocks trading platform while MT4 stocks platform is 32 bit single threaded stocks trading platform.

What are the Differences between MT4 and MT5 Stock Platforms? MT4 vs MetaTrader 5 Stock Trading Platforms Differences - MT4 vs MT5 Stock Platforms Difference.