These platforms are more commonly referred to as MT4, and MT5 respectively.
Because both platforms differ in a variety of ways, I wanted to offer my own MT4 vs MT5 comparison so both brokers and traders alike can better understand the differences, and to chose the best one for them.
If You Want to Have Access to More Trading Products and Markets than MT5 is your call
MT4 has always been recognized as a platform for both forex and CFD trading. To this day, many brokers offer a variety of trading symbols which at first glance would appear to cover the full range of available trading products: metals, energies, and stocks.
One of the major differences between MT4 and MT5 is that more trading products are available in MT5.
With an MT5 account it’s possible to connect to a variety of exchanges, which allows traders to speculate on global equities, ETFs, options, and futures.
Analytical and Trade Analysis Has Improved
As mentioned previously, MT5 is able to connect to a variety of exchanges, which offers the benefit of viewing both historical and real time volume, a feature that was not available in MT4. Although difficult to gauge in the forex market, volume is an important trading indicator for futures and equity traders. In addition, MT5 offers more charting time frames than its predecessor: M2,M3,M20,H3, and H4 are just a few examples.
R&D Consulting – Your Partner
If you are considering a forex white label partnership and need guidance in deciding whether to select an MT4 or MT5 white label, don’t hesitate to contact us.
We are also happy to answer any other questions you have regarding how to start your own brokerage.
Our industry expertise and years of FX industry knowledge make R&D Consulting the ideal partner for launching your own forex brokerage.
Comments