MT4 vs MT5 - Which is the Best FX trading platform?

What is MetaTrader trading platform?

MetaTrader is a software commonly used by forex traders as an online trading platform.

In particular, the Meta Trader offers a communication channel between the currency trading systems and the trader’s computer or mobile device.

Accessing online markets is simple and free if you use XM and the Meta Trader platform.

There are two versions of the MetaTrader: MetaTrader4 and MetaTrader5.

With both versions, you can use different platforms without any delay on your server or PC.

The software requires few resources and will not overload the system, allowing you to trade quickly, with immediate executions, a real “must” when trading volatile markets

Open XM’s MT4 or MT5 account

Why you should use the Meta Trader platform?

In addition to being a simple platform to download and install, Meta Trader offers many trading possibilities and features not found in other platforms.

Follow the price fluctuations of various instruments and examine the tables and charts to identify trends and your trades.

The platform supports the following charts: Candlestick, Heikin Ashi, and Renko.

Setting up your trading orders is simple and predefined stop-loss orders are executed instantly.

Using trailing stop loss and pending orders is just as simple.

Expert Advisors (EAs) can automate your trading using scripts that are uploaded to the platform and executed with the utmost simplicity.

This allows you to not always have to be glued to your computer and not miss any trading opportunities anymore.

Learn from your mistakes with the useful function on the platform that allows you to review your trading history:

1. Download your trading history data for each currency pair;
2. Create/request detailed reports regarding your positions;
3. Monitor past charts to keep a summary of trends for each instrument.

Thanks to these functions, Meta trader 4 already offers you everything you need to trade Forex, but if you want to opt for more advanced strategies, Meta Trader 5 is the best choice.

Sign up for access XM MT4 or MT5

Why trade with XM and MT4?

MetaTrader 4 (MT4) is the most popular trading platform in the world that offers everything you need to do online trading on a single interface.

Within the platform, you will find a powerful combination of analytical technologies and cutting-edge trading tools that allow traders to implement even the most complex trading strategies.

There are several reasons why thousands of traders have chosen to trade with XM and certainly, MT4 is one of them, in addition to:

High leverage

New traders registering on XM are offered high and competitive leverage. Leveraged trading is one of the highest offers in the industry.

Duly regulated broker

XM has achieved several awards, including best broker in 2015 and 2016, with over 10 years of industry experience and a presence in over 150 countries.

Even more markets

More than 250 assets to invest in. Wide range of the most popular instruments including currencies, commodity trading, indices, and equities.

Detailed analysis

Take advantage of more than 30 advanced charts and analysis tools, including backtesting of trading strategies on MT4 and the possibility to practice thanks to the Demo trading accounts, which allow you to open investments on the platform, without affecting your invested capital.

Automated trading

Compatibility with EA and MQL5 gives you free access to thousands of automated trading strategies. Furthermore, there is the possibility to upload the trading robots you have developed or purchased for an even higher level of automation of your trades.

Flexible terms

Custom trading conditions available upon request.

Mobile trading

Trade MT4 from your tablet or smartphone with XM’s free trading apps for Android and iOS.

Full support

Receive daily market analysis, quality training material and 24/5 real-time multilingual support when markets are at their best.

Shares, called stocks, are perhaps among the safest and most profitable trading activities in the world.

Take for example the shares of one of the most popular brands in the world: TESLA shares today.

This brand, world leader in green energy, knows no bounds in its trend and is always positive.

It could be a great example of a safe investment.

Try it on your demo account.

Go to XM’s Official Website

MetaTrader 4 vs MetaTrader 5

The recently launched Meta Trader 5 is not that different from its predecessor MT4, although it is presented as a much more advanced platform with more advanced charting systems and tools for in-depth analysis.

MT4 is already a complete platform for forex traders, but if you think these two improvements can be useful for you in trading, then MT5 is the right direction to take.

However, MT4 remains the most downloaded and used platform, and traders are satisfied with the functions, so there is no need to change and upgrade.

Trade with XM and open a Meta Trader 4 account today for instant market access.

Open XM’s MT4 or MT5 account

The MQL4 and MQL5 languages

Designed and developed by MetaQuotes Software Corp., the MetaQuotes language is an integrated script for programming specific trading strategies.

These scripts are written in such a way as to facilitate automatic trading software, but also the customization of technical indicators, libraries, and scripts.

It is also possible to analyze large amounts of information and assist users in finding their way easily within the expert systems.

Each program (pertaining to MetaTrader 4 and MetaTrader 5) is characterized by different functions and purposes.

Expert Advisors:

An algorithmic trading system with direct access to the internal graphics system that allows the system to intervene in real-time when an event occurs, or to remind you of a scheduled event.

Custom indicators:

In addition to the technical indicators already present within the system, you can set your own technical indicators in complete autonomy.

Script:

Scripts are triggered when a trader wants a single execution in the presence of a certain action. They only work to kick off an event and cannot process any other trading actions.

Library:

It is a set of custom functions for saving and distributing program components.

Sign up for access XM MT4 or MT5

Is the latest MT5 version better than the MT4 version?

Getting your MT4 demo or live account is quite easy at XM.

Simply register for an account in under two minutes, then go to the MetaTrader 4 page on XM’s website, where you can download the MT4 platform.

When you start MT4 you can enter your demo or real account credentials (which are sent to you by email when you register) and log in to the platform.

From there you can access all the powerful features that MT4 has to offer.

MT4 is a cross-platform application that can be downloaded for desktop, accessible via web trader in an Internet browser, or installed as an application on your mobile device.

There are mobile versions for iOS and Android operating systems, so you can bring the power of MT4 into your pocket no matter what device you use.

Plus, the versions will all sync with each other, so when you place an order on the PC version of MT4 in the morning you can go in and change it later in the day from your smartphone.

Both MT4 and MT5 are official versions created and distributed by MetaQuotes Software.

The new MT5 version is considered better for stock trading and order management, while the old MT4 platform is considered better for forex trading.

In fact, most retail traders will notice little difference between the two platforms – they both provide the basic trading functions and features needed to trade successfully.

Open XM’s MT4 or MT5 account