MT4 vs MT5: Core Purpose and History

 


MetaTrader 4 (MT4) is one of the famous electronic trading systems created by MetaQuotes in 2005. It was developed primarily as a tool for trading in forex and is commonly applied by retail traders in most parts of the globe. With the reputation associated with an easy-to-use interface, compatibility with expert advisors (EA), and being lightweight, MT4 has been extensively used by novices and savvy traders who are inclined to forex trading.The latest version is MetaTrader 5 (MT5), developed in 2010 by MetaQuotes. In contrast to MT4, MT5 allows trading not only in forex but also in CFD trading, stocks, commodities, and futures. It has more technical indicators, timeframes, order types, and quicker execution speeds. MT5 is designed to facilitate traders with a desire to trade in multiple assets. For more click here #mt4tradingplatform 

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