MetaTrader 5 (MT5) is the successor to the hugely popular MT4. MT4 remains the retail-forex default, butMT5 adds multi-asset trading (stocks, futures, CFDs), more timeframes, more pending-order types and the MQL5 language.
Key features
21 timeframes (vs 9 on MT4) and unlimited charts
6 pending order types (MT4 has 4)
Depth of Market (DOM) and a built-in economic calendar
MQL5 — faster and more capable than MQL4 (smaller community codebase)
Multi-asset: forex, CFDs, stocks and futures in one terminal
Best for
Traders who want more than spot forex — multi-asset portfolios, algorithmic trading in MQL5, or centrally cleared products that need MT5's order model.
MT4 or MT5?If your broker and EA ecosystem are MT4-based, MT4 is simpler. Choose MT5 when you need multi-asset access or the extra order types. Compare brokers on ourMT4 brokerspage and the fullbroker list.
RISK WARNING: Trading in foreign exchanges carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of some or all of your deposited funds; therefore, you should not speculate with capital that you cannot afford to lose.
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