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 to download your preferred MetaTrader 4 platform and the Windsor Brokers MT5 page to download your preferred MetaTrader 5 platform.