The first operating platform that comes to mind when it comes to Forex is MetaTrader 4. What is MetaTrader 4, which has never lost its popularity among users and is in demand day by day?
Thanks to the continuous advancement of technology, a large number of trading platforms have emerged in recent years. However, MetaTrader 4, which proved to be very effective with its success and separated from other platforms, is the most widely used operating platform in the market and widely used by investors.
This platform, which is offered to its customers under license by many reliable forex companies, leaves its users very satisfied in terms of accelerating transactions and analyzing the market.
MT4 was founded in 2005 by MetaQuotes Yazılım A.Ş., headquartered in Southern Cyprus. Developed and released by It is a software developed for investors to open positions, close positions and manage their transactions in forex. In particular, all the mentioned features appear with the latest technology.
What Separates MetaTrader 4 From Other Trading Platforms?
MetaTrader 4 supports 3 simultaneous trading modes, as well as two market action orders, four pending trade orders, two stop orders and a trailing stop function.
It offers more than 30 charts, at the same time drawing can be done while doing technical analysis on the charts.
Prices can be followed moment by moment on real-time charts. Almost all brokerages offer their clients the MT4 and MT5 operating platform for free.
In addition, it is very easy to use and manage thanks to its interface design. With a user manual on their website, it can help investors in their minds. Generally less hassle than most trading platforms in the financial market.
Is MetaTrader 4 Reliable?
In addition to its advantageous features, MetaTrader 4 manages to attract users with its reliability. Each transaction data made by the user is safe with encryption method. Also, MT4 keeps traders’ IP addresses private. It fulfills a series of security measures against a possible cyber attack.
But the important thing is that the brokerage house that the investor works with is reliable. Not every forex company that offers the MetaTrader trading platform is among the reliable forex companies.
It is possible to follow the MetaTrader trading platform from both browsers and smart devices. The application, which supports Android and IOS operating systems, can be easily downloaded and installed from the website.
Read Also: How to Turn Off Google Play Store Automatic Updates
Key Differences Between MT4 and MT5
MetaTrader 5, an advanced version of MetaTrader 4, was released in 2010 by the same developers. The same transactions can be managed on both platforms.
Key differences between MT4 and MT5:
- Interface designs and programs are built on the same infrastructure, even though their languages are different.
- MetaTrader 5 performs transactions faster than MetaTrader 4. This saves time for the investor.
- As for timeframes, the MT4 integration provides access to 10 timeframes on the charts, while the updated MT5 integration has 21 timeframes options.
What is MetaTrader 4 and What are its Features?
MetaTrader 4, designed and launched in 2005 by the Southern Cyprus-based company MetaQuotes, is the most used trading platform today. Thanks to the advanced systems in it, it provides important contributions to the investors.
It can be used in many markets. Especially forex companies offer MetaTrader 4 to investors, allowing them to make their transactions. Through this platform, you can invest in currencies, commodities, stocks, indices and cryptocurrencies. Leverage and spread rates offered by companies are integrated here and transactions can be made on a single platform.
In order to enter the program, it is necessary to obtain login information from the institution where you work. Once the information is received, you can log in and start the process.
What is MetaTrader 5 and What are its Features?
It is another platform designed by the Southern Cyprus-based company called MetaQuotes and launched in 2005. As you know, manufacturers want to remove the deficiencies in the previous product and add more features by releasing advanced versions of a product in different periods. We can think of the program called MetaTrader5 in this way.
The same trades that can be made in MT4 can be done in MT5. However, there are some differences, so it appears as an upper version.
There may be some differences between the two programs and investors may want to learn about these differences and choose between them.
What are the Differences Between MetaTrader 4 and MetaTrader 5?
When the differences between MetaTrader 4 and MetaTrader 5 are investigated, we do not see any significant differences. Both are programs designed by the same company with some minor changes.
The purpose of MetaTrader 5 is to fix the shortcomings of MetaTrader 4 and add some new features. A fundamental difference appears in the interface. When we look at the menus, we can see that there is a large gap between them.
One of the important differences is the software language in which the programs are written. When we look, we can see that MetaTrader 4 is written with MQL4 and MetaTrader 5 is written with MQL 5. Due to the programming language, the difference in interface and speed in some features can be seen.
Different accounts can be opened on MetaTrader platforms. There is a feature on both platforms to be able to switch between different accounts. However, switching between accounts is faster in MetaTrader 5 than in MetaTrader 4.
Another important difference we see is that it provides a solution to the hedging ban in the USA. In the hedging ban, we see the effect of the FIFO system. In this system, a rule of “first opened transaction is closed first” has been adopted. For this reason, when the first opened transaction was added later, the second transaction was performed after the first opened transaction was closed. MetaTrader 5 solves this ban by combining transactions.
However, since there is no such problem in Turkey, there is no problem for investors.
The most used platform today is MetaTrader 4. Most forex companies generally offer MetaTrader 4. Most of the investors continue to use it because they are used to this system. Occasionally, updates come to MetaTrader 4. Thus, it adapts to emerging markets.
In addition, since MetaTrader 4 is used more, we see that more plugins or programs are written on it. MetaTrader 4 should be used to take advantage of these programs.
Both platforms have their own features. I recommend you try both. By gaining experience, you can decide which one is right for you.
What are the differences between MT4 and MT5? You can consider them before making your transactions.