Yet, MT4 is neither developed nor supported by MetaQuotes anymore so sooner or later it will have to give its way to newer platforms. On the Internet, there are a lot of ready-made solutions written in MQL4 language, which any novice trader can use to copy signals and replicate the strategy of experienced users. Every platform has its own bots programmed in a specific language MQL4 or MQL5. What then makes MT4 – the oldest and less capable platform – still the most popular platform among traders? That’s the EA bots. On the other hand, there’s Match-Trader, relatively new on the market therefore its design is clean and modern – focused on usability and providing the best trading experience.
However, MT5 differs a lot from its predecessor and alike cTrader platform is more flexible and has a higher capacity. MT4 with its raw layout focuses on simplicity and an extensive system of Expert Advisor bots which has become invaluable support for traders. How do they differ, what are their strengths?Īt first glance, you can see significant differences in the user interface of all the platforms. This comparison covers 2 most popular trading platforms on the forex market and Match-Trader, a modern trading tool that is becoming the dark horse of trading software. Giving that both platforms were developed years ago, more and more Brokers are seeking newer tools developed according to modern way of trading on the go. CTrader and MetaTrader 4/5 are the two most popular trading platforms available to forex market players but definitely not the only ones worth considering.