MetaTrader4 (MT4) vs MetaTrader5 (MT5) for beginners

Both MT4 and MT5 offer excellent user interfaces but imo, MT4 comparatively is simpler and easier to use.

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.

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.

MT4 is fairly enough for every trader needs.

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.

Mt4 best

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.

I don't like MT5. For me it's not convenient. I like more MT4.

MT5 is better if you are beginner. Only use MT4 if you want to use pre built fx robots

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.

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.

MT5 is useful if you know what to do with it but for the majority MT4 will more than suffice

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.

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.

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.

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.

Oh I would say use both MT4 and MT5 platforms and then choes what do you like. 😀😀

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.

I find MT4 more reliable.