Skip to content Skip to footer
MT5 upgrade

MT4 vs MT5, Are you Ready for the Upgrade?

MT4 has been the go-to trading platform from MetaQuotes for years now and their attempts to bring out a stable MT5 did not a planned. But the most recent versions of Metatrader 5 have been adopted by a number of brokers, and its popularity is growing rapidly.

Tradeview has been utilizing MT5 since 2018 and the reason why we adopted it is that many brokers themselves are only just starting to realize the differences and benefits MT5 has to offer. After all, it was created to accommodate FX, Stocks, CFDs, Futures, and Options rather than just FX. 

Metatrader 5 boasts a host of technological improvements and they have also taken on some of the community feedback that was received to build a more expansive platform, so we have put this article together to give more of an insight into what MT5 can do for you.

Let us look into what MT5 offers above MT4 for us as traders:

  • Technical analysis is utilized by most traders and Metatrader 4 is limited in terms of the timeframes you can view, MT5 offers 21 timeframes versus MT4’s 9, so drilling down to a 2-minute chart is now possible.
  • Pending orders are available in MT4 and MT5 such as buy stop, sell stop, buy limit and sell limits but MT5 also allows buy stop limits and sell stop limit orders
  • There are currently 30 technical indicators in MT4 and 38 technical indicators in MT5
  • You can transfer funds between your accounts in MT5 should your broker allow this, which something MT4 is not set up for
  • Market Depth or order book view is available on MT5 for all relevant instruments such as stocks. A real benefit to equity traders and one of the biggest technical improvements of MT5 over MT4.
  • There is a built-in Economic calendar in MT5 which MT4 does not have so there is no need to click between windows in a rush since it’s all viewable in the same window.
  • MT5 utilizes newer technology for connectivity should you wish to use API/Expert advisors
  • Additional reporting formats for MT5 such as XML (Excel)
  • MT4 just offers the fill or kill execution, while MT5 in addition also offers partial order fill capabilities
  • MT5 has an Improved Strategy tester with multi-thread options and real tick data

Tradeview also offers ‘On Exchange Equities’ via MT5 utilising a proprietary order book unique to Tradeview”

Therefore, there are a number of additions on MT5 that many may not have been aware of, some of which may improve your trading in a significant way.

Tradeview also offers ‘On Exchange Equities’ via MT5 utilizing a proprietary order book unique to Tradeview, so if you have not tried MT5 yet then it is certainly worth downloading our demo and seeing if you are also better off making the transition.

If you wish to find out more on how to get our MT5 accounts click here and choose the ‘Live Account’ or ‘Demo Software options at the top of the page.

If you have any further questions please feel free to contact us at


Adam Saward

Head of UK

Show CommentsClose Comments

Leave a comment


Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.

Tradeview Asia Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.

Tradeview Financial Markets S.A.C Global

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.