MT4 vs MT5

• MT4 is mainly for Forex trading, while MT5 allows trading a greater number of financial assets such as stocks and CFDs.
• MT5 offers more graphic options to develop indicators and allows testing robots in the cloud for optimization.
• MT5 internally handles positions and deals to represent orders, while MT4 uses only orders.
• Traders have mixed opinions on which platform is superior but acknowledge that MT5 offers additional features and improvements with each update.
• Some traders prefer MT4 for its user-friendly interface, while others choose MT5 for its analytical capabilities and extra tools.
• MT5 is considered more advanced and suitable for experienced traders, especially those interested in exploring different financial instruments on the same platform.

Other Trading Platforms

• cTrader is recommended for fundamentalists and manual traders.
• Trading View is preferred by some for charting, but many traders still opt for MT4 or MT5 due to habit or broker support.
• A user suggests Robbinhood as an alternative.
• TradeLocker combines Trading View and provides risk management features.

Users' Experiences and Preferences

• Traders have different preferences based on their needs and familiarity, with some using MT4 for its familiarity while others switch to MT5 for additional features.
• Some users find MT4 quicker and less resource-intensive, while others appreciate the features and ease of use in MT5.
• cTrader is praised for its efficiency and ease of use by several users.
• Tradingview is favored for technical analysis by some users.
• Some traders utilize MT5 for instant and manual execution, while others prefer MT4 for custom indicators and EA execution.
• MT4 is criticized for its outdated look and lack of updates, while Trading View is appreciated for its design and features.
• Metatrader is considered a stable and reliable platform, while some traders find cTrader to be better in certain aspects.

Overall, the choice between MT4 and MT5 depends on individual preferences, experience level, and trading needs. Users often stick to what they are familiar with, but others explore different platforms to find the best fit for their trading strategies.