MetaTrader4 (MT4) vs MetaTrader5 (MT5) for beginners

Jul 11, 2021 at 09:01
2,161 Views
39 Replies
Member Since Apr 14, 2022   41 posts
Apr 28, 2022 at 10:20
Both MT4 and MT5 offer excellent user interfaces but imo, MT4 comparatively is simpler and easier to use.
Member Since Apr 14, 2022   37 posts
Apr 29, 2022 at 11:28
MT4 is the greatest option for a newcomer because it is simple to understand and trade on. MT5 on the other hand, would be a little more technical for newcomers. However, with enough time and practice, switching to MT 5 will be a breeze.

Member Since Apr 14, 2022   32 posts
May 03, 2022 at 07:57
So the general difference between the two is that MT4 was created to trade Forex, while MT5 was created to make trading non-Forex CFDs easier. They are programmed in distinct languages, and MT5 enables faster backtesting than MT4. Unlike MT4, MT5 has a DOM (depth of market) feature and is theoretically supported by MetaQuotes.

Member Since Oct 20, 2018   300 posts
May 04, 2022 at 11:14
MT4 is fairly enough for every trader needs.
momchil_slavov@
Member Since May 07, 2022   40 posts
Jun 18, 2022 at 10:03
I used MT4 when I initially started trading and subsequently switched to MT5. You are free to select any of them. Despite the fact that MT5 is more advanced and comes with better features, MT4 is still the most popular trading platform for Forex and CFDs.
Member Since Apr 03, 2022   6 posts
Jun 19, 2022 at 09:52
Mt4 best
Member Since May 29, 2022   39 posts
Jun 20, 2022 at 00:40
Both MT4 and MT5 feature a simple interface, with a few exceptions: MT4 is a lot simpler and easy to use. It enables traders to tailor the platform's interface to their own trading demands and objectives. MT5 is more complicated since it includes more trading capabilities and marketplaces.
Member Since Apr 20, 2022   6 posts
Jun 20, 2022 at 12:23
I don't like MT5. For me it's not convenient. I like more MT4.
Member Since May 30, 2022   9 posts
Jun 20, 2022 at 15:17
MT5 is better if you are beginner. Only use MT4 if you want to use pre built fx robots
Member Since May 31, 2021   56 posts
Jul 08, 2022 at 11:48
Even though the MT5 is an advanced version of the MT4, I suggest beginners use the MT4 because it is comparatively simpler and easier to use, whereas the MT5 is more complex as it consists of more trading features and markets.
Member Since Apr 27, 2022   17 posts
Jul 19, 2022 at 12:14 (edited Jul 19, 2022 at 12:18)
MauMar posted:
Is the MetaTrader4 (MT4) or the MetaTrader5 (MT5) the better trading platform for a new trader? I am looking for the most user-friendly trading platform that a beginner will find easy to use.
I have used both MT4 and MT5. Even though MT5 has some upgrades I can say that MT4 is far better. Mailbox usage is more easy. Market signals can be shown more fastly. Lastly, I have more experience on trading MT4 background, so it is more easy for me to trade on it.
Member Since Apr 09, 2019   538 posts
Jul 19, 2022 at 12:22
MT5 is useful if you know what to do with it but for the majority MT4 will more than suffice
If you can't spot the liquidity then you are the liquidity.
Member Since Jul 26, 2022   49 posts
Jul 26, 2022 at 08:18
Both mt4 and m5 are good platforms to trade on but I would say as a newbie , mt4 is comparatively simple and easy to understand.
Member Since Mar 31, 2021   229 posts
Jul 26, 2022 at 13:10
I think MT5 is more convinient for the beginners because of the more simple interface. But I prefer MT4. Yes, it is more difficult for understanding but more convinient for me. I am old school guy.
Think thrice before opening an order
Member Since Apr 03, 2021   470 posts
Jul 26, 2022 at 23:36
MT5 now already many brokers offer a trading platform, but MT4 is still the most popular and used by many traders.
I am still like to use MT4 as long as this still can be used.
Member Since Oct 20, 2018   300 posts
Jul 30, 2022 at 10:16
FXOday posted:
MT5 now already many brokers offer a trading platform, but MT4 is still the most popular and used by many traders.
I am still like to use MT4 as long as this still can be used.
Absolutely. And MT4 is not less good than MT5.
momchil_slavov@
Member Since Aug 19, 2021   240 posts
Aug 01, 2022 at 13:47
Oh I would say use both MT4 and MT5 platforms and then choes what do you like. 😀😀
Member Since May 31, 2021   56 posts
Aug 05, 2022 at 12:26
The MT4 is best suited for beginner traders who prefer exposure in the forex market because it focuses more on currency trading, but if you are a beginner who prefers trading on other markets, the MT5 is best suited because it supports all other markets.
Member Since Aug 06, 2022   17 posts
Aug 08, 2022 at 11:58
I find MT4 more reliable.
Member Since Sep 15, 2022   11 posts
Sep 16, 2022 at 04:54
As an experienced trader, I prefer MT4. The stability and quick trade execution of MT4 enable traders to conduct deals with a very minimal risk of slippage.
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