MetaTrader 4 vs MetaTrader 5 — which should I use?
How this answer was verified
- Cross-checked against broker-published fact sheets, regulator licensing databases, and ESMA product intervention notices.
- Reviewed by the FX-Brokers EU editorial desks (Markets, Platforms, Regulation). Desk structure disclosed at /about/editorial-desks.
- Refreshed quarterly. The most recent verification date is shown above. Read our methodology.
Related
What is an ECN forex broker?
An ECN (Electronic Communication Network) forex broker routes client orders directly to a pool of liquidity providers without running a dealing desk. ECN brokers charge a commission per lot instead of marking up spreads, resulting in lower all-in costs and no conflict of interest with clients.
What is the best forex broker in Europe in 2026?
Our editorial team's top pick for EU traders in 2026 is Exness (9.4/10), closely followed by Pepperstone (9.3/10) and IG (9.2/10). Exness wins on ultra-low spreads, instant 24/7 withdrawals, and flexible account types. Pepperstone is preferred by traders who want BaFin regulation. IG offers the broadest market coverage with 17,000+ instruments.
MT4 vs MT5 — which platform should I pick in 2026?
Pick MT5 for new accounts in 2026. MT5 has more timeframes (21 vs 9), built-in economic calendar, depth-of-market, more asset classes (stocks, futures), and active development by MetaQuotes. MT4 retains a larger legacy EA library and is still the default for many ECN brokers, but no new features ship to it. Migrate when switching brokers.
What is the best MT5 broker for 2026?
Pepperstone leads for MT5 in 2026, with full MT5 hedging mode, 1,200+ symbols, and depth-of-market on FX. ThinkMarkets and Tickmill are close. MT5 adds stocks, futures, and a more advanced strategy tester vs MT4 — useful for multi-asset traders or developers.