---
title: What is the difference between the MT4 and the MT5?
description: "The MetaTrader 5 (MT5) and MetaTrader 4 (MT4) are the world’s leading platforms for online trading developed by MetaQuotes Software, but they cater to different market needs and have distinct features. Here is a summary of their key differences: |…"
url: "https://wb-vn.com/knowledge-base/trading-platform/what-is-the-difference-between-the-mt4-and-the-mt5/"
updated: "2026-02-26"
category: Trading Platform
---

# What is the difference between the MT4 and the MT5?

The MetaTrader 5 (MT5) and MetaTrader 4 (MT4) are the world’s leading platforms for online trading developed by MetaQuotes Software, but they cater to different market needs and have distinct features.

Here is a summary of their key differences:

| **Feature** | **MetaTrader 4** | **MetaTrader 5** |
| --- | --- | --- |
| **Platform Focus** | Forex & CFDs | Multi-asset trading |
| **Technical Indicators** | 30 indicators | 38 indicators |
| **Timeframes** | 9 timeframes | 21 timeframes |
| **Economic Calendar** | Not available | Integrated economic calendar |
| **Internal Messaging** | Available | Available |
| **Depth of Market (DOM)** | Not available | Available |
| **Order Accounting** | Hedging only | Hedging & netting |
| **Programming Language** | MQL4 | MQL5 |
| **Automated Trading** | Supported | Supported (more advanced) |
| **Strategy Tester** | Single-threaded | Multi-threaded, multi-currency, real tick data |
| **Execution Types** | Standard execution | More advanced execution types |

You can visit the [Windsor Brokers MT4 page](https://wb-vn.com/tools/trading-platforms/mt4-platforms/) to download your preferred MetaTrader 4 platform and the [Windsor Brokers MT5 page](https://wb-vn.com/tools/trading-platforms/mt5-platforms/) to download your preferred MetaTrader 5 platform.