Comparison of MT4 and MT5 - Windows, MAC, Linux, Mobile App, and Web Trader Table of Contents

Comparison of FXOpen’s trading platforms

Choosing the right platform is an important step towards successful trading in the financial markets.

FXOpen provides intuitive trading platforms to meet the needs of the most discerning traders, as well as sophisticated trading strategies, many customizable features and advanced technical analysis.

Check out the comparison table below and choose the platform that best suits you based on the instruments traded, connection, account type and other available features.

Difference between MT4 and MT5 platforms

How to open FXOpen’s Forex account? Which account type is the best?
See also – All Bonus Promotions and Contests for FXOpen MT4 and MT5

FXOpen MT4 for Windows

MetaTrader 4 (MT4) is the most popular trading platform in the Forex market.

MT4 enjoys a well-deserved success among traders due to its easy-to-use interface, a wide range of built-in indicators and charting tools and, most importantly, support for the MQL language, which allows users to program their own Indicators and Expert Advisors.

Unfortunately, the MetaTrader 4 platform was developed without taking into account the needs of ECN brokers, and until recently it was impossible to trade on the interbank Forex market through it.

The development of an innovative software product that implements ECN trading through the MT4 terminal took several years of hard work for FXOpen employees.

As a result, FXOpen became the first broker in the Forex market to offer its clients direct access to the interbank trading floor through the MT4 terminal.

The MT4 ECN platform is connected to the largest liquidity pool in the retail Forex market, where dozens of leading banks and other market participants place buy and sell orders.

Thus, FXOpen MT4 ECN offers you a unique opportunity to access trading on an interbank trading platform with unprecedented high liquidity!

With the help of the MetaTrader 4 trading terminal, a client can perform trading operations online, track their transactions and account status, as well as conduct technical analysis and develop their own trading strategies.

The main advantages of the MetaTrader 4 client terminal:

  • Various order execution technologies: immediate execution, on-demand execution, market execution;
  • Confidentiality of all trading operations;
  • Unlimited number of charts;
  • Support for various timeframes (from minutes to months);
  • A wide range of technical indicators and line tools;
  • Using automated trading (experts, custom indicators and scripts);
  • Multilingual interface support;
  • Data export via DDE protocol in real time;
  • System and trading signals;
  • Online news from financial markets;
  • Internal e-mail system;
  • The ability to create and print full reports on account status and transactions.

Download FXOpen MT4 for Windows

FXOpen MT4 Mobile App for Android and iOS devices

Mobile trading allows you to control the situation on the Forex financial market and your accounts anywhere at any time using the versions of the MetaTrader 4 trading platform for mobile devices based on Android and iOS.

The mobile versions of the trading platform provide full control over your trading accounts with the ability to open any type of order, as well as charts of rate fluctuations of all available currency pairs and a wide range of analysis tools.

This allows you to conduct a full-fledged trade without access to a stationary computer or laptop.

Thus, mobile MT4 has all the necessary functionality and is an indispensable working tool for traders who want to immediately respond to changes in the market and increase their profits.

Download FXOpen Mt4 Mobile App

How to log in or open accounts on FXOpen’s Mobile app?

When you start the application for the first time, you need to select one of the options:

  1. Connect to an existing account – Select this item to work with your existing real or demo FXOpen account.
  2. Open a new demo account – Select this item to open a demo account.

Logging in to an existing account

  1. Enter FXOpen in the search field and select the required trading server.
  2. Enter the trader’s login and password and click Login.
  3. Select the Save password checkbox to save your account details to your device.

Opening a new demo account

  1. Enter FXOpen in the search field and select the required trading server.
  2. Enter your personal details and account parameters and click Open Account.
  3. When the account is opened, you will see the account details, including username and password. Click Finish to connect to your account.

Go to FXOpen’s Official Website

How to open Forex account with FXOpen?

FXOpen MT4 Web Trader

Web Trader MetaTrader 4 web terminal allows you to control the situation on the Forex market and your accounts anywhere and anytime.

In this case, there is no need to install special software and you can work in any operating system (Windows, Mac, Linux).

All you need is Internet access and a modern browser that supports HTML5 technology.

In the web version, traders have access to the main opportunities for trading and analysis:

  • Access to all MT4 accounts;
  • History of trading operations;
  • Work with any type of orders;
  • One-click trading;
  • Graphic objects;
  • 9 time periods.

Go to FXOpen’s MT4 Web Trader

FXOpen MT4 for Linux

Linux is a Unix-like operating system built and distributed according to the free and open-source software development model.

Linux systems are widely used in the smartphone and server hardware market.

The peculiarity of the Linux system is the lack of a single distribution kit.

Several Linux versions are developed in parallel by various development groups: Debian, Mint, Ubuntu, OpenSUSE, Gentoo, etc.

Below is one of the ways to install the well-known MetaTrader 4 program on the popular Linux distribution Ubuntu, which consists of 2 stages: 1) installing the Wine program and 2) installing (opening) MT4 using Wine.

* Wine is free software that allows users of Unix-like systems to run applications developed for use on Microsoft Windows systems.

Download FXOpen MT4 for Linux

Installing Wine on Ubuntu

Installation of programs for Ubuntu occurs using packages located in the repositories.

In recent versions of Ubuntu, the required Wine installation repository is already available on the system.

To install Wine, run one command at the command line (in Ubuntu it is called “Terminal”):

sudo apt-get install wine-stable

This command will install the latest stable version of Wine.

Detailed information on installing on Ubuntu can be found on the official Wine website.

Wine creates a virtual logical disk with the necessary environment for the installed programs.

When installing by default, the terminal data directory on the virtual disk can be found at the following path: Home folder \ .wine \ drive_c \ Program Files \ MetaTrader 4

Go to FXOpen’s Official Website

FXOpen MT5 for Windows

MetaTrader 5Is a multi-market platform developed by MetaQuotes Software Corp., with which you can trade on the Forex market and stock exchanges, as well as perform operations with futures and contracts for difference.

The application retains the convenient interface of the MT4 terminal.

The MetaTrader 5 platform provides access to the depth of the order book with level 2 quotes, built-in tools for analyzing the current market situation, as well as quotes and charts that are updated in real-time.

Thanks to the wide functionality of the application, you can change the chart settings, follow the news in the economic calendar, subscribe to trading signals from successful market participants, or create your own indicators.

The MetaTrader 5 web terminal and mobile applications for Android and iPhone / iPad are also available.

At the moment, trading through the MetaTrader 5 terminal is available only on ECN accounts.

The main functions of the MetaTrader 5 terminal:

  • Market execution with access to the interbank market.
  • Possibility of placing market and pending orders, as well as Stop Loss, Take Profit and Trailing Stop orders.
  • One-click trading directly from the chart and managing Stop Loss and Take Profit orders with the mouse.
  • Advanced chart settings: 21 periods, analytical tools, color schemes, scaling, profiles and templates.
  • 38 built-in technical indicators and 44 graphic objects.
  • Trading strategy tester, economic calendar, setting up event notifications.
  • MetaTrader 5 web terminal and mobile applications for Android and iPhone / iPad.
  • Depth of Market window with the ability to quickly place market and pending orders. In this window, you can also manage pending orders and SL / TP orders by moving them to another price level with the mouse.

Download FXOpen MT5 for Windows

FXOpen MT5 Mobile App for Android and iOS devices

The MetaTrader 5 mobile terminal is an application that allows you to trade in the Forex market from a tablet or smartphone.

The terminal can be installed free of charge on a device running the Android or iOS operating system.

The mobile version of the MT5 terminal is especially convenient and indispensable in those situations when you do not have access to a computer.

The main functions of the MetaTrader 5 mobile terminal:

  • The ability to open market and pending orders;
  • Quotes updated in real-time;
  • Customizable charts;
  • Technical indicators and graphical objects;
  • Trading on real and test accounts;
  • History of trade;
  • Account data management.

To install the MetaTrader 5 terminal on a device with the Android operating system, go to the application page in Google Play or enter “MetaTrader 5” in the search.

To install the MetaTrader 5 terminal on an iOS device, go to the application page in the App Store or enter “MetaTrader 5” in the search.

Download FXOpen MT5 Mobile App

FXOpen MT5 Web Trader

MetaTrader 5 web terminal is a web application for trading.

The web terminal supports most of the functions available in the MT5 PC terminal.

To start trading, you only need a stable internet connection and a browser that supports HTML5.

The terminal is compatible with any operating system including Windows, Mac and Linux.

With it, you can place orders, view trade history, analyze charts and conduct technical analysis, without the need to install additional applications.

The main functions of the MetaTrader 5 web terminal:

  • Trading from any browser;
  • Access to all trading accounts;
  • Real-time quotes;
  • Glass depth data;
  • History of trade;
  • All types of orders, including pending and stop orders;
  • One click trading;
  • Technical indicators (30) and graphical objects (24);
  • 3 types of charts and 9 periods.

Access FXOpen’s MT5 Web Trader

FXOpen MT5 for Linux

Linux is a Unix-like operating system built and distributed according to the free and open-source software development model.

Linux systems are widely used in the smartphone and server hardware market.

The peculiarity of the Linux system is the lack of a single distribution kit.

Several Linux versions are developed in parallel by various development groups: Debian, Mint, Ubuntu, OpenSUSE, Gentoo, etc.

Below is one of the ways to install the well-known MetaTrader 5 program on the popular Linux distribution Ubuntu, which consists of 2 stages: 1) installing Wine and 2) installing (opening) MT5 using Wine.

Wine is free software that allows users of Unix-like systems to run applications developed for use on Microsoft Windows systems.

Download FXOpen MT5 for Linux

Utilize FXOpen Analytics for free

This is a web application for collecting statistics and analyzing the trading performance of your accounts.

A similar analytical tool was previously used by professional PAMM-managers and investors.

It is now available to every trader who has an active account with FXOpen.

Trading results for each account are presented in the form of convenient charts and diagrams reflecting the key characteristics of trading: profitability , equity , drawdown , deposit load.

The presented graphical data will help you answer a number of useful questions: what currency pairs are traded for, which of the trading operations were the most successful, at what time, and with what profit.

Thus, you can assess the strengths and weaknesses of your trading strategy, reduce risks and increase profits.

You can also see the dynamics of trading over time in the context of various trading parameters.

In addition, FXOpen Analytics allows you to create a link to your trading results and post it, for example, on your blog or on a third-party site.

In this case, you can choose both the full exposure of your trading account and the partial issuance of trading statistics on the account.

You can compare your trading results with those of other FXOpen traders using the overall rating (based on the profitability of trading accounts).

If you are ready to provide the services of a professional Money Manager, you can open a PAMM account and invite other traders and investors to follow your trading strategy and receive a part of the profit from trading.

How to start Automated Forex Trading with FXOpen’s Myfxbook and ZuluTrade?
Detailed analytics
Advanced tools for collecting and analyzing statistics are now available to all traders. The trading history on any MT4 account can be analyzed in the same way as professional PAMM account managers do. Set financial goals and track your progress.
Intuitive graphs and diagrams
Data visualization will allow you to see previously unnoticed patterns, identify strengths and weaknesses in order to finalize a trading strategy. Charts and diagrams will allow you to track in dynamics the main indicators of trading success – profit, profitability, drawdown, and account replenishment.
Share your successes
You can make your trading results publicly available to promote your strategy on your blog or on your website. all information on the account can be openly accessible. Or you can hide some parameters, such as the direct history of transactions or the amount of deposits to the account.

FXOpen Analytics helps you collect and analyze your Forex trading statistics.

Professional traders pay great attention to collecting statistics and analyzing their successes and failures.

But a simple trading report generated in MetaTrader is not enough for this. More detailed and structured information will be needed.

And data visualization will allow you to see previously unnoticed patterns, identify strengths and weaknesses in order to finalize a trading strategy.

Previously, advanced tools for collecting and analyzing analytics statistics were available only to PAMM account holders.

Now access to them is open to all traders.

The trading history on any MT4 account can be analyzed in the same way as PAMM account managers do.

Statistics and analytics will clearly show the strengths and weaknesses of your trading strategy, the most profitable currency pairs and the best time to trade.

Using this information, you can reduce risks and increase profits.

On the analytics page, first of all, there are brief statistics on key parameters: account type and currency, duration of trading on the account, current balance and equity.

Charts and diagrams will allow you to track in dynamics the main indicators of trading success – profit, profitability, drawdown and account replenishment.

Advanced statistics allows you to focus on the details and analyze the structure and results of completed transactions.

You can determine the most traded pairs, the most and least successful trades, the average duration of trades and the average profit (loss) on a trade for the selected period.

Comparing profitability by month will allow you to see a broader picture of trading on the account.

You can make your trading results publicly available to promote your strategy.

To do this, you need to generate a link to your personal statistics page and place it on your blog or on your website.

All information on the account can be in the public domain.

Or you can hide some parameters, such as the direct history of transactions or the amount of deposits to the account.

You can compare your trading results with those of other FXOpen traders using the overall rating (based on the profitability of trading accounts).

If you are ready to provide the services of a professional Money manager, you can open a PAMM account and invite other traders and investors to follow your trading strategy and receive a part of the profit from trading.

Go to FXOpen’s Official Website

How to open FXOpen’s ECN TickTrader account and trade on the mobile app?