MetaTrader 4 (MT4) has been a trusted trading platform for years, but with MetaTrader 5 (MT5) offering advanced features, many traders ask: Is it time to upgrade?
If you’re wondering whether to stick with MT4 or switch to a newer platform, this guide will help you decide.
1. Why Is MetaTrader 4 Still Popular?
Since its launch in 2005, MT4 has been the industry standard for Forex trading. Many traders still prefer it due to:
✅ User-friendly interface – Simple and easy to navigate, even for beginners.
✅ Lightweight and fast – Works well on most devices without high system requirements.
✅ Customization options – Supports Expert Advisors (EAs), indicators, and scripts for automated trading.
✅ Widespread broker support – Most brokers still offer MT4 due to its popularity.
However, while MT4 remains a solid choice, it lacks some advanced features found in MT5.
2. Key Differences Between MT4 and MT5
| Feature | MetaTrader 4 (MT4) | MetaTrader 5 (MT5) |
|---|---|---|
| Market Access | Primarily Forex | Forex, stocks, commodities, CFDs |
| Execution Speed | Slower than MT5 | Faster processing & execution |
| Indicators & Tools | Fewer built-in indicators | More built-in indicators & timeframes |
| Order Types | Basic order types | Advanced order types (including stop-limit orders) |
| Hedging & Netting | Hedging only | Supports both hedging & netting |
| Economic Calendar | Not built-in | Integrated economic calendar |
These differences highlight why some traders might benefit from an upgrade, while others may be fine sticking with MT4.
3. Should You Upgrade to MetaTrader 5?
🔹 Upgrade to MT5 if you:
✔ Trade multiple asset classes (Forex, stocks, commodities, CFDs).
✔ Want faster execution and more order types.
✔ Need advanced indicators and more timeframes for better analysis.
✔ Prefer an integrated economic calendar for fundamental trading.
🔹 Stay with MT4 if you:
✔ Only trade Forex and don’t need extra asset classes.
✔ Prefer a simpler, lightweight platform.
✔ Use custom MT4 indicators or Expert Advisors that may not work on MT5.
4. Can You Still Use MetaTrader 4 in 2025?
Yes! MetaTrader 4 is still supported by many brokers, even though MetaQuotes (the developer) has stopped releasing updates. If you’re comfortable with MT4’s tools and functionality, there’s no urgent need to switch.
However, if brokers start phasing out MT4 in the future, learning MT5 now can help you stay ahead.
Final Thoughts: Should You Upgrade?
✅ MT4 is still a great choice for Forex traders who want a stable, efficient platform.
✅ MT5 is better for traders who want faster execution, advanced tools, and multi-asset trading.