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Choosing the right Forex trading platform is one of the key elements that most traders are curious about. In the list of the top platforms, MetaTrader 4 (MT4) remains as the most popular, however, since the appearance of MetaTrader 5 (MT5) in 2010, the debate of whether using one version or another has grown significantly.

The main difference between the two versions is that MT4 focuses on Forex trading and CFDs, while MT5 also includes other assets like stocks and futures. Secondly, MT4 has hedging, and MT5 has hedging and netting. In regards to algorithmic trading, MT5 has a multi-currency strategy tester and it is faster at testing and optimization in comparison to MT4.

In this video, we will review the core differences between the two platforms, so you can make a decision on which one should you use.

Timestamps:

0:21 Core differences
1:15 Number of Markets
1:45 Tools for Market Analysis
2:55 Algorithmic Trading

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