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Finance & Capital Markets · GSC keyword page

MT4 vs MT5

MetaTrader 4 vs MetaTrader 5: order types, assets, EA languages, and how to verify your broker’s server — without vanity scores.

Official site (external): https://www.metatrader5.com/

GSC legacy query impressions (comparebroker.io export): 3,013. Page updated 2026-09-29. Motus ingest remains paused.

Direct answer

Should I choose MT4 or MT5?

Choose MT4 if your strategy depends on MQL4 Expert Advisors and a simpler forex-centric terminal. Choose MT5 if you need more timeframes/order types, MQL5, or broker products (such as share CFDs) that are only wired to MT5. The terminal does not make a broker safe — verify the broker’s legal entity and license separately. BrokerMafia does not rank platforms.

Platforms (as publicly described)

  • MetaTrader 4 — MetaQuotes forex-focused terminal (MQL4) (source)
  • MetaTrader 5 — MetaQuotes multi-asset terminal (MQL5) (source)

Platform availability can differ by entity and account type — confirm in the broker Client Hub/Portal.

Feature deltas that matter

MT5 adds more timeframes, additional pending order types, an economic calendar in-terminal, and a different tester. EAs do not port automatically from MQL4 to MQL5.

  • EAs/indicators — MQL4 ≠ MQL5
  • Assets — MT5 more often used for stocks/futures CFDs at multi-asset brokers
  • Hedging vs netting — account mode depends on broker settings
  • Support lifespan — brokers may eventually sunset MT4; ask your broker

BrokerMafia angle

High-impression broker queries (Fusion Markets MT4/MT5, etc.) should still end in a license check. Platform familiarity is not regulation.

Verify before you send funds

  1. Read the legal entity on the account agreement (not just the brand logo).
  2. Look up that entity on the issuing regulator’s public register.
  3. Read the local PDS / FSG / Key Information Document for client-money and product rules.
  4. Test a small withdrawal before scaling size.
  5. Ignore star ratings, paid testimonials, and “trust indexes”.

Guides: Due diligence checklist · Verify a broker · Broker red flags · Cross-border broker check.

A listing or keyword page is an index/education record. It is not a license confirmation, a rating, or an endorsement by the regulator or by BrokerMafia. Indexed ≠ licensed ≠ recommended.

Questions this page answers

Is MT5 always better?

No. Better means fit for your tools and the broker’s product map.

Can BrokerMafia give me server passwords?

No.