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Differences between MetaTrader 4 and MetaTrader 5 trading terminals

What are the main differences between MetaTrader 4 and MetaTrader 5?

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) differ primarily in the number of timeframes (9 vs. 21), pending order types (4 vs. 6), commission structure, and MT5-exclusive features such as Depth of Market and the Buy/Sell Stop Limit order types.

Timeframes

MT4 has 9 timeframes while MT5 has 21, providing greater analytical depth across market conditions. MT5 timeframes include:

  • 11 types of minute charts
  • 7 types of hourly charts
  • Daily, weekly, and yearly timeframes

Pending orders
MT4 offers 4 types of pending orders, whereas MT5 offers 6 types.

  • Buy Limit (MT4/MT5)
  • Buy Stop (MT4/MT5)
  • Sell Limit (MT4/MT5)
  • Sell Stop (MT4/MT5)
  • Buy Stop Limit (MT5 only)
  • Sell Stop Limit (MT5 only)

Hedging

Both MT4 and MT5 allow hedging. MetaTrader accounts are configured in hedging mode; switching to netting mode is not supported.

Depth of market (only MT5)
The Depth of Market displays bids and asks for a particular instrument at the current best prices (closest to the market).

Commission

  • MT4: Roundtrip commission (100% applied at entry)
  • MT5: Commission split — 50% applied at entry and 50% at exit