Trade smarter with MetaTrader 5, the platform with no equal. For unmatched order processing speed, the ability to open opposite trading positions, and quickly modify orders, it’s got to be MT5.
| MT4 | MT5 | |
|---|---|---|
| Open opposite trading positions | ✔ | ✔ |
| Interface | Clarity and simplicity, adapt MT5 to match to your trading preferences | An evolution of MT4, MT5 has added funtionality to enhance trading and analysis |
| Available platforms | installation, web, mobile | installation, web, mobile |
| Available markets | mainly OTC (currencies, CFDs on indices, commodities, stocks, ETFs) | mainly OTC (currencies, CFDs on indices, commodities, stocks, ETFs) |
| Open charts | Limited | 100 simultaneously |
| Time intervals | Available time intervals: M1, M5, M15, M30, H1, H4, D1, W1, MN | Available time intervals: M1, M2, M3, M4,M5,M6, M10, M12, M15, M20, M30, H1, H2, H3, H4, H6, H8, H12 D1, W1, MN |
| Economic calendar | ✕ | ✔ |
| Indicators and analytical objects | 30 embedded indicators, 33 analytical objects | 38 built-in technical indicators, 22 analytical tools and 46 graphic objects |
| Reports | basic | basic + advanced tables |
| Strategy tester | Single-threaded, test 1 instrument at a time | Multi-threaded, test on many instruments simultaneously, option to store calculations in the cloud |
| The e-mail system | ✔ | ✔ |
| A programming language | MQL4 | MQL5 |
Discover new features on the user-friendly MT5. The functions that built MT4's reputation are also now improved to suit more advanced strategies and traders of all levels.
A modern MQL5 programming language that allows investors to program their own transaction systems and indicators, adapted to their individual preferences and the type of invested assets. It also has the ability to use calculations dispersed in the cloud.
MT5 offers the ability to work on 100+ charts at the same time with improved execution speed. Scan and analyse the intraday markets using the automatic chart pattern recognition tool and identify support and resistance levels, as well as potential trading opportunities. You can also install Autochartist as an expert advisor and see trends on your MT5 charts.
The ability to work on up to 100 graphs simultaneously and handle a variety of pending orders (buy limit, buy stop, sell limit, sell stop) and the most modern programming language MQL5, enabling investors to programme their own robots and indicators that are adapted to their individual preferences.
Discover new features on the user friendly MT5, allowing you to invest from the comfort of your home office. Additionally, the functions that built MT4's reputation are improved to suit more advanced strategies and sophisticated traders.
On MT5 you'll discover improved charts assisting automated trading and a vast library of technical indicators and other technical analysis tools.
Find out more:
MT5 is an improved version of the popular and trusted MT4 platform. Execution is faster, the platform contains an enlarged set of tools for technical analysis and is more convenient, including the ability to work on up to 100 charts simultaneously. In addition, it is supported and developed by MetaQuotes as MT4 will eventually be decommissioned. Trade processing and reporting is fully compliant with the latest regulatory requirements.
If you’re an active client, then maintaining a brokerage account on the OANDA platform and using MT5 is free. But, if you become inactive OANDA will charge an inactivity fee if you have money on the account.
If you’re an active client, then maintaining a brokerage account on the OANDA platform and using MT5 is free. But, if you become inactive OANDA will charge an inactivity fee if you have money on the account.
Yes, you can enter into opposite transactions. For example, you are able to open and hold both a long and short position in the same instrument simultaneously.
Trailing stops on MT5 are set on the client's computer.
The MT5 version is in the History tab.
You can only access MT5 on these operating systems through a browser.
MetaQuotes, the developer of MT5, have a broad range of resources to help you build and install your own indicators and EA (Automated trading strategies).The mql5 website also provides a wealth of information:
MT4 and MT5 are separate platforms, you will need to download and install the MT5 desktop, mobile iOS or Android, or you can access the web platform with your browser. Download MT5 on web, mobile iOS and mobile android.
While MQL4 and MQL5 share many common functions, they are not cross compatible. Any MT4 indicator or EA will need to be re-written for MT5. Find out more.
Yes, it will be faster. This is due to the multi-threaded platform.
MT5 is created in MQL5, therefore, scripts written for MT4 will need to be rewritten to the MT5 platform requirements.
No, this is not possible.
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Our custom-built bridge combines OANDA’s pricing and execution with MT4’s charting and analysis.
Our mobile app was voted Best Trading Tools winner (Online Personal Wealth Awards 2020)
As a leading, regulated broker, your funds are safe with us. It is easy and straightforward to deposit, withdraw and transfer funds between your OANDA sub-accounts from your ‘My Funds’ page.