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MetaTrader 4 - also known as MT4 - is the most popular trading platform used by retail forex traders around the globe. The first version of it was released in 2005. MT4 enables its users to develop expert advisors, custom indicators, and scripts using the MQL4 programming language, developed by MetaQuotes.
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With high performance and a full suite of features, experience online trading the way it was meant to be with the MT4 PC platform.
With high performance and a full suite of features, experience online trading the way it was meant to be with the MT4 Mac platform.
Use the world’s most popular trading platform on the world’s most popular smartphone operating system when you download MT4 for Android. Access all the major features, with flexibility and portability.
Optimised for the iOS operating system, the MT4 iOS app offers the ultimate in style and flexibility for traders wanting to combine the features of MT4 with the convenience of mobile trading on their iPhone and iPad.
MT4 WebTrader gives you access to your MetaTrader 4 account from your web browser.
Rich in features but optimised for lightweight web-based performance, MT4 WebTrader gives you comprehensive functionality with added flexibility to trade from any internet browser, on any device.
Autochartist continuously scans markets for real-time pricing, automatically recognises trade setups, and alerts you to unbiased market analysis and opportunities. Autochartist is free for all Axi clients.
Have you just downloaded Metatrader 4 but you’re not sure where to start? Check out our MetaTrader 4 tutorial videos to understand all the basics like logging in for the first time, changing your password, or opening and closing your first trade.
MetaTrader 4 is suitable for both beginners and advanced traders. The fact that it is the most popular trading platform used by retail traders means that there are plenty of online resources available to guide you through the platform. Browse our MT4 FAQs for more information.
MetaQuotes has built a useful site that acts as a community for MT4/5 users. You will be able to find plenty of expert advisors, scripts, and custom indicators on the forum here.
Both platforms are built by MetaQuotes, but they suit different traders. MT4 launched in 2005 and was designed for Forex and CFD trading. MT5 arrived in 2010 and adds more asset classes and extra tools. The table below covers the differences that actually matter when you trade.
| Feature | MetaTrader 4 | MetaTrader 5 |
|---|---|---|
| Year released | 2005 | 2010 |
| Best for | Forex and CFD traders | Multi-asset traders (shares, ETFs and more) |
| Programming language | MQL4 | MQL5 (multi-threaded) |
| Built-in indicators | 30 | 38 |
| Timeframes | 9 | 21 |
| Order types | 4 | 6 |
| Depth of Market (DOM) | No | Yes |
| Economic calendar | Not built in | Built in |
| Strategy testing | Single-threaded | Multi-threaded |
| Processing | 32-bit | 64-bit (faster) |
| Development | No new features | Actively developed |
If you mainly trade Forex, use expert advisors or indicators written in MQL4, or you already know your way around the platform, MT4 covers what most retail traders need. MT5 makes sense when you want to trade more markets, need more timeframes and order types, or work with Depth of Market and heavier strategy testing. Some traders use both, since with Axi you can move funds between your MT4 and MT5 accounts.
For a full breakdown, read our guide on the differences between MetaTrader 4 and MetaTrader 5, or Download MetaTrader 5 and compare them yourself.
