MetaTrader4 Vs MetaTrader5

Compare the two MetaQuotes Trading Platforms at a glance

The long-awaited, updated version of the MT5 trading platform including the option of Hedging has been released and is now exclusively available to all Ace Finance FXclients for download.

Discover all the new features plus the key differences between the new MetaTrader5 and the previous MetaTrader4 Trading Platforms.

Key differences between MT4 and MT5

Order Execution Types Details

Number of supported types of order execution.

MT4MT5
34
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Partial Order Filling Policies

Partial edit option where a trade that is now available with maximum volume is executed, not exceeding the volume requested in the order, and unfilled volume is cancelled.

MT4MT5
NoYes
Order Fill Policy
Pending Order Types

Types of pending orders requesting a broker to buy or to sell a financial security under pre-defined conditions in the future.

MT4MT5
46
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Netting

Having one open position of a financial instrument only.

MT4MT5
NoYes
Hedging

Having multiple positions of a financial instrument, both in the same and opposite direction

MT4MT5
YesYes
Market Depth

Bids and offers for a financial security at different prices depending on the volume

MT4MT5
NoYes
Technical Indicators

Technical indicators are used to automatically detect patterns in the financial instrument price dynamics

MT4MT5
3038
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Graphical Objects

Analysis tools that help to identify financial instrument price trends, to detect cycles and support / resistance levels, to build channels and more

MT4MT5
3144
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Timeframes

Group quotes of financial instrument in time intervals.

MT4MT5
921
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Economic Calendar

A fundamental analysis tool which features macroeconomic news from numerous countries that can affect financial instrument prices

MT4MT5
NoYes
Email System

Built-in email service, where you can receive notifications from Ace Finance FXstraight to your platform.

MT4MT5
Yes
(without attachments)		Yes
(with attachments)
Strategy Tester

EA tester and optimization modes.

MT4MT5
Single threadMulti-threaded
+ Multi-currency
+ Real ticks
Embedded MQL5.community chat

Chat with other traders directly from the platform

MT4MT5
NoYes
Download MT4 Download MT5

FAQ’s

Is the MT4 being replaced?
Due to the popularity of the MT4, Ace Finance FXwill continue supporting all MT4 accounts. There are no plans of replacing MT4 in the near future.

Recommendation for beginner traders: which platform to choose?
Novice traders could try out both platforms and familiarize themselves with the interface and tools offered by both. You will then be able to choose your trading platform based on your personal preferences and knowledge. You can download MT4 and MT5 terminals and use them in parallel to decide what trading platform suits you best for your style of trading.

What trading platforms does Ace Finance FXoffer?
Trading accounts are linked to the platforms. When selecting a trading account, you are also choosing your trading platform. Ace Finance FXoffers live and demo trading accounts for both MT4 and MT5 trading platforms.

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