XM MT4 vs MT5: Which Trading Platform is Better for You?

MetaTrader 4 vs MetaTrader 5 on XM: Complete Comparison

XM offers both MetaTrader 4 and MetaTrader 5 platforms. This detailed comparison helps you choose the right platform for your trading needs.

XM MT4: The Industry Standard

MetaTrader 4 remains the most popular forex trading platform globally:

• User-friendly interface perfect for beginners
• Robust charting with 30+ technical indicators
• Automated trading with Expert Advisors (EAs)
• Large community and extensive third-party support
• Available on desktop, web, and mobile
• Proven stability and reliability

XM MT5: The Next Generation

MetaTrader 5 offers advanced features for experienced traders:

• More timeframes (21 vs 9 on MT4)
• Additional technical indicators (38 built-in)
• Economic calendar integration
• Depth of Market (DOM) for better price visibility
• More order types and execution modes
• Multi-asset trading (stocks, futures, forex)

Key Differences: MT4 vs MT5

Charting and Analysis

MT5 offers superior charting with 21 timeframes compared to MT4's 9, plus 8 additional technical indicators. For comprehensive technical analysis, MT5 has the edge.

Automated Trading

Both platforms support Expert Advisors (EAs), but they use different programming languages (MQL4 vs MQL5). MT4 has more third-party EAs available due to its longer market presence.

Order Types

MT5 offers more order types including Buy Stop Limit and Sell Stop Limit, providing more flexibility in execution strategies.

Backtesting

MT5's Strategy Tester is more advanced with multi-currency and multi-threaded backtesting capabilities.

Which Platform Should You Choose?

Choose XM MT4 if you:

• Are new to forex trading
• Want access to the largest EA marketplace
• Prefer a simpler, straightforward interface
• Trade primarily forex and CFDs

Choose XM MT5 if you:

• Need advanced charting and analysis tools
• Want to trade multiple asset classes
• Require more timeframes and indicators
• Are an experienced trader seeking advanced features

XM WebTrader Alternative

Don't want to download software? XM WebTrader offers browser-based trading with features from both MT4 and MT5, accessible from any device.

The good news? You can open accounts on both platforms and switch between them! Start with XM today and experience both platforms.