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Thread: Why is MT4 more popular than MT5

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    Senior Member Trader_Rob's Avatar
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    Why is MT4 more popular than MT5

    I've noticed that many traders prefer using the MT4 platform more than the MT5? Why is that when MT5 is the newer release? Shouldn't that be that better one?

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Senior Member Aya's Avatar
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    One misconception that most traders have is that MT5 is an improved version of the MT4 platform. When in reality, MT5 is designed for a different market such as stocks which is centralized. Unlike Forex which is a completely decentralized market.

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Senior Member Sendo12's Avatar
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    MT4 and MT5 both overtakes each other in one way or another. They both have their advantages and disadvantages. It really depends on the trader's preference. MT4 might just be more popular because it's the more familiar one to traders.

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Senior Member Trader_Rob's Avatar
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    I have tried them both now and I guess it really is just matter of preference. In my case, I prefer the simplicity of Metatrader 4 and the overall interface.

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Senior Member kachinna's Avatar
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    The mt4 is more popular than the mt5. In everything metatrader platforms are most reliable and also very popular and less complicated. If a broker doesn't support the mt4, i dont bother coming close to.them

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Junior Member kusiatta's Avatar
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    Mt4 is simpler than mt5 for self learning. Since a number of companies and people use mt4 you can easily get someone to teach you.

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Member Clausfx's Avatar
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    Just MT5 (MetaTrader 5) would be its good alternative. For the 4th version there are many scripts, advisers, etc., while the 5th will allow the program to develop, improving and modifying its essence for the convenience of traders. Traders working on MT5 will be able to trade not only on currency pairs, but also on stocks, futures and other exchange instruments. Positions, TF and MT5 interface. ... We hope that soon currency brokers will include MT5 in their functionality, and the trader will be able to choose which is better - the good old MT4 or the fancy fashionable MT5.

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Senior Member Njoki's Avatar
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    I think its because it was the first one and there was no other in the market then people got used to it even when the updated and well organiorganized mt5 came we still got stuck with the old school kind of thing then this is not a big of a problem but to really keep everything in its perfect position then everything is to be well establised

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Junior Member Promoleeds's Avatar
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    Tell you what? Mt4 was released firstly hence so popular, Mt4 is software wise lighter version than Mt5, it uses less space in the the hard drive & less memory space to process. Mt5 is so sophisticated as compared to Mt4 hence few people like sophisticated things

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Junior Member Fater's Avatar
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    I think mt4 was first used and many people have known it first before the invention of mt5 as technology improves on daily basis

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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