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Frequently asked questions

Do you have any questions?

We have the answers. We created this section with the most frequently asked questions about the affiliate program, trading conditions, the PAMM system, registration, verification, and other issues.

Differences between MT4 and MT5

Differences between MetaTrader 4 and MetaTrader 5
№ п/пFeatures for comparisonMetaTrader 4MetaTrader 5
1DownloadDownloading is simple and does not take much time. A trader needs to fill in a server’s web address of a brokerage company, which is chosen to open a trading account.Downloading is simple and does not take much time. A trader needs to fill in a server’s web address of a brokerage company, which is chosen to open a trading account.
2Charts displayedThe number of charts which can be displayed in parallel is unlimited. Trading is available on a tick chart.The number of charts which can be displayed in parallel is unlimited. Trading is available on a tick chart.
3Number of time frames9 time frames21 time frames
4Fundamental analysis to trade the newsThe economic calendar is unavailable by default. However, extra plug-ins can be installed.The trading platform contains the economic calendar, which includes market moving events, fundamental data, forecasts etc.
5Technical indicators, graphic patterns, and analytic objects30 technical indicators,
unavailable,
unavailable
38 technical indicators,
46 graphic patterns,
22 analytic objects
6Forex advisorsMetaTrader 4 editor
Strategy Tester 4
These products are compatible only with the 4th version of a trading platform, created by the MQL4 language.
MetaTrader 5 editor
Strategy Tester 5
Strategy Tester Agent Manager 5
These advanced products are upgraded and compatible only with the 5th version of a trading platform. They are written by the MQL5 language. It is more complicated to develop Expert Advisors in Meta Trader 5.
7Types and number of ordersMarket orders – 2
Pending orders – 4
Stop orders - 2
Market orders – 2
Pending orders – 6
Stop orders - 2
8LevelsA trader can open any number of orders on the same trading instrument in the same direction, but they will be displayed on different charts. So a trader has to work with each order separately.A trader can open any number of orders in the same direction. However, they will coincide on a chart and will be displayed as a single position.
9Buying extra MQL productsExtra MQL products can be bought through the MQL web site (MQL4.com). The 4th version of a trading platform does not provide automatic access to this web portal.Extra MQL products can be bought through a special sub-menu as part of an interface. So, traders do not have to visit the MQL web site.
10LockingA trader can lock opposite positions.A trader can lock opposite positions.
11Trading strategies (hedging, FIFO (First in, first out) etc.Convenient trading conditions are ensured by permission to use all trading techniques and strategies.Convenient trading conditions are ensured by permission to use all trading techniques and strategies.
12Number of usersThe number of brokers trading through the 4th version exceeds the number of those who prefer the 5th version.A much fewer number of brokers offer their clients online trading services through MetaTrader 5.
13MarketsInstruments traded on Forex, futures, options, securities etc.Popular instruments traded on Forex, metals, shares.
14Market depthUnavailableAvailable
15InterfaceSimple and user-friendly. The 4th version includes popular options like One Click Trading and Drag and Drop.The interface has been streamlined. The layout has been notably updated. Popular options like One Click Trading and Drag and Drop are available in the 5th version. The search option has been added. Analytical content is provided in the Market overview window.
16Client AreaAll services of Client Cabinet are available to a trader.Client Cabinet is unavailable for accounts on MetaTrader 5. A trader makes a deposit and withdraws money through a broker’s official web site.
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