Broker Details
If you’re planning to enter the world of forex trading, you’ve probably come across MetaTrader 4 (MT4) and MetaTrader 5 (MT5) — the two most popular trading platforms in the world. While both platforms are developed by MetaQuotes Software, they are not the same, and each offers unique advantages depending on your trading style.
But the real question is: Which broker offers the best MT4 or MT5 trading experience in 2025?
Let’s break it all down in this complete guide.
Understanding the Difference Between MetaTrader 4 and MetaTrader 5
Before comparing brokers, it’s important to understand how MT4 and MT5 differ.
✅ MetaTrader 4 (MT4)
MT4 was released in 2005 and became the industry standard for forex trading.
Key Features:
- Designed primarily for forex and CFDs
- Supports hedging strategies
- Compatible with most Expert Advisors (EAs)
- Lightweight, fast, and beginner-friendly
- Fewer timeframes (9 total)
- Simple interface and tools
- Huge online community and support
Best For: Beginner traders, forex-only traders, and those using older EAs.
✅ MetaTrader 5 (MT5)
MT5 is a more advanced, multi-asset platform launched in 2010 with more features.
Key Features:
- Supports stocks, commodities, indices, crypto, and more
- Features both hedging and netting options
- Integrated economic calendar and market depth
- More timeframes (21), indicators, and order types
- Built-in strategy tester for multi-currency EAs
- Faster execution and improved backend
- Uses a different programming language (MQL5)
Best For: Advanced traders, multi-asset traders, and algorithmic/systematic traders.
Best Brokers Offering MetaTrader 4 and MetaTrader 5 in 2025
Let’s now look at the top brokers that offer the best MT4 and MT5 trading experience, including execution, spreads, tools, and platform stability.
1. IC Markets – Best MT4 & MT5 Broker for Scalping and EA Trading
Why IC Markets?
- Offers both MT4 and MT5 with ultra-low spreads
- True ECN model with spreads from 0.0 pips
- Supports high-speed execution via Equinix NY4 servers
- Ideal for scalping, EA usage, and high-volume trading
- Integrated with TradingView, cTrader, and VPS support
- Regulated by ASIC, CySEC, FSA
2. Pepperstone – Powerful MT4/MT5 Broker with Smart Tools
Why Pepperstone?
- Supports both platforms with Razor Accounts (Raw spreads)
- MT4 comes with 28+ Smart Trader Tools
- MT5 supports hedging, economic calendar, and DoM
- Compatible with EAs and algorithmic trading
- Ultra-fast execution speed
- Regulated by FCA, ASIC, CySEC, DFSA
3. Exness – Fast Execution MT4/MT5 with Ultra-Flexible Conditions
Why Exness?
- MT4 and MT5 available for all account types
- Unlimited leverage (in some regions)
- Supports instant withdrawals via crypto/local methods
- MT5 offers more asset classes, including crypto and stocks
- Built-in copy trading and analytics
- Regulated by FSA, CySEC, FSCA
4. FP Markets – Reliable MT4/MT5 Execution with Deep Liquidity
Why FP Markets?
- Offers MT4 and MT5 with true ECN pricing
- MT4 is optimized for speed with tight spreads
- MT5 supports stock and ETF trading via Iress or MetaTrader
- Great for manual and automated traders
- Regulated by ASIC, CySEC, FSCA
5. Vantage Markets – Strong MT4/MT5 Environment with Tading View Integration
Why Vantage?
- Both MT4 and MT5 available across all accounts
- MT5 offers better charting, stock CFDs, and speed
- Social and copy trading integration
- Access MT5 with bonus offers and rebate programs
- Regulated by ASIC, CIMA, VFSC
⚙️ MT4 vs. MT5: Which Should You Use?
Trader Type | Best Platform |
Beginner Forex Trader | MT4 |
Scalper or EA User | MT4 |
Multi-asset Trader (stocks, crypto) | MT5 |
Long-term Investor | MT5 |
Manual & Algo Combo Trader | MT5 |
If you rely on old Expert Advisors, MT4 may still be your best bet. If you’re focused on modern features, faster speed, and wider instruments, MT5 is the clear winner.
Pro Tips for Choosing the Right Broker Platform
- Always choose a regulated broker
- Try both MT4 and MT5 on a demo account
- Look for brokers that offer low spreads + fast execution
- Use VPS hosting if you’re running Expert Advisors 24/7
- Check if the broker supports TradingView, copy trading, or FIX API (for
advanced users)
✅ Final Thoughts: Choose a Platform That Matches Your Strategy
Both MetaTrader 4 and MetaTrader 5 are excellent platforms — the key is to match the platform with your trading goals. Some traders even use both platforms with different brokers depending on the asset or strategy they prefer.
The platform matters — but your broker’s execution, pricing, and reliability matter
even more. So whether you choose MT4 or MT5, be sure you’re trading with a reputable, low-cost, and regulated forex broker.
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