MetaTrader 5 (MT5) is an advanced multi-asset trading platform designed for Forex and CFD trading. FP Markets’ MT5 Windows version provides traders with a comprehensive, all-in-one trading experience, enabling seamless trading of Forex, Stocks, Precious Metals, Commodities, Indices, and Cryptocurrencies.
Following the success of MetaTrader 4 (MT4), MetaQuotes developed MT5 to offer a more complete and advanced trading environment. MT5 integrates additional market analysis tools and direct access to multiple exchanges without requiring multiple applications. The platform supports both fundamental and technical analysis, custom indicators, algorithmic trading, and copy trading, making it ideal for traders using Expert Advisors (EAs).
Supports multiple asset classes, ideal for portfolio management
Feature Comparison
Feature
MT4
MT5
Advantage
One-Click Trading
Supported
Supported
Quick and easy order placement
Automated Trading (EAs)
Supported
Supported
MT5 supports MQL5 EAs with advanced functionality
Technical Indicators
30
38
MT5 offers more indicators for advanced analysis
Timeframes
9
21
MT5 provides more trading perspectives
Order Types
4
8
MT5 supports a wider variety of order types
Market Depth (DOM)
Not Supported
Supported
MT5 allows viewing deep market quotes
Built-in Economic Calendar
Not Supported
Supported
MT5 provides economic calendar for fundamental analysis
Interface & Performance
Feature
MT4
MT5
Advantage
Platform Architecture
32-bit single-thread
64-bit multi-thread
MT5 runs faster and more stable on modern hardware
Interface Customization
Supported
Supported
Both allow interface customization
Execution Modes
Standard execution only
All execution types
MT5 provides greater flexibility
Execution Speed
Standard
Faster
MT5 offers improved trading response
Compatibility & Expansion
Feature
MT4
MT5
Advantage
System Compatibility
Windows, Mac, iOS, Android
Windows, Mac, Web, iOS, Android
MT5 supports web access without installation
Programming Language
MQL4
MQL5
MT5 enables advanced programming for complex strategies
EA Compatibility
Supports MQL4 EAs
Supports MQL5 EAs
MT5 supports more advanced EA functionality
Summary MT4 is ideal for Forex-focused traders and those with lower-spec devices. MT5 is the preferred choice for multi-asset investors, offering richer functionality, more analysis tools, faster execution, and full support for algorithmic and copy trading.
