XMTraidng, an overseas FX company, currently offers two types: MT4 and MT5. Which one you choose, we will explain the difference. It’s up to you, as it varies from trader to trader. Therefore, we recommend that you try both, even if it’s just a trial. Is MT4 better for trading with XM? Is MT5 good? Let’s compare the differences. Which trader tool do you recommend? I will explain.
- XMtrading
- Basic information on XM’s trading platforms “MT4” and “MT5”
- Characteristics of traders who are suited to MT4
- Characteristics of traders who are suited to MT5
- People who want to trade not only FX but also a variety of financial products
- People who want to use advanced ordering methods and strategies
- People who want to use economic indicators and news information in their trading
- People who want to perform advanced chart analysis
- Intermediate to advanced users who want to use an advanced trading environment in the future
- Is there a possibility of a platform change at XM?
- XM MT4 and MT5 FAQ
- Should I choose MT4 or MT5?
- Can I switch my existing MT4 account to MT5?
- Can MT4 EAs and indicators be used with MT5?
- Are there any differences in the products that can be traded on MT4 and MT5?
- What are the differences in chart analysis features between platforms?
- Can I use it on mobile or web browsers?
- If I have multiple accounts, can I use MT4/MT5 simultaneously?
- Is MT5 heavier than MT4?
- Compatible with smartphone apps
XMtrading
| Operating company | Tradexfin Limited Fintrade Limited |
| Head office location | Unit E, F28, Eden Plaza, Eden Island, Republic of Seychelles |
| Founding year | 2009 |
| Financial License | （FSA）SD010：Tradexfin Mauritius Financial Services Commission (FSC：)：Fintrade Limited Cyprus Securities and Exchange Commission (CySEC)：Trading Point of Financial Instruments Ltd |
| Language support | English、日本語、Malay、Thai |
| Platform | MetaTrader 4 (MT4)／MetaTrader 5 (MT5) |
| Service Countries | Over 190 countries |
| Number of users | Over 1 million accounts |
| Max Leverage | 1000x |
| Eligible products | Forex、Metal、Stocks、Equity Indices / Index CFD、Energy CFD、Commodities、Cryptocurrency |
Basic information on XM’s trading platforms “MT4” and “MT5”
We will summarize the basic information and differences between the trading platforms “MT4 (MetaTrader 4)” and “MT5 (MetaTrader 5)” offered by XM (XMTrading). An explanation is also available on the homepage of the broker’s official website. Fund management and settlement are extremely easy, making them the most recommended platform developed. The key question is which is better for getting started. It depends on your trading style: discretionary or automated trading (EA).
🔹 Basic information about MT4 (MetaTrader 4)
- Developer: MetaQuotes Software
- Year of Release: 2005
- Key Features:
- Specialized for FX trading, it is the world’s most widely used platform.
- Rich chart analysis functions (numerous indicators and drawing tools).
- Supports automated trading (EA).
- Custom indicators can also be freely implemented.
- Tradable Products:
- Mainly FX currency pairs and precious metals (gold/silver).
- Some restrictions apply to CFDs.
- Operating Environment:
- Windows / Mac / iOS / Android / Web Browser Version
- Advantages:
- Easy to use, lightweight, and stable.
- A wide range of EAs and automated trading options.
- Disadvantages:
- Fewer stock index and commodity CFDs available compared to MT5.
- Limits on the number of products that can be traded per account.
🔹 Basic information about MT5 (MetaTrader 5)
Developer: MetaQuotes Software
Release Date: 2010
Key Features:
An advanced version of MT4.
Supports a wide range of financial products, including not only FX but also stock indices, commodities, energy, and cryptocurrency CFDs.
A wide variety of order types: market, limit, stop, IFD, OCO, IFO, etc.
A built-in economic calendar can be used to implement trading strategies.
Partial compatibility with MT4 EAs (though not full compatibility).
Tradable Products:
FX currency pairs, precious metals, stock indices, commodities, energy, and cryptocurrency CFDs
Operating Environment:
Windows / Mac / iOS / Android / Web Browser
Advantages:
Supports a wide range of instruments, allowing for more advanced analysis and multi-currency pair trading.
Economic indicators and news information can be viewed within the platform.
Disadvantages:
Can be slightly slower than MT4.
EAs are not fully compatible with MT4, so porting may be necessary.
🔹 Main differences between MT4 and MT5
The screens and other features are different, but details are as follows. MT4 does not receive system updates or program support. If you are installing online, we recommend the latest MT5. It allows you to switch between displaying quotes for daily, weekly, and monthly charts, and its server speeds are very fast.
| project | MT4 | MT5 |
|---|---|---|
| Release year | 2005 | 2010 |
| Compatible products | Forex, precious metals | Forex, precious metals, stock indices, CFDs, commodities, cryptocurrencies |
| Order Type | Market order, limit order, stop order | Market order, limit order, stop order, IFD, OCO, IFO |
| Chart bar types | 9 types | 21 types (1 minute, 1 hour, 3 hours, 4 hours, 6 hours, 8 hours, 12 hours, daily, weekly, monthly, etc.) |
| Economic Calendar | None (external use) | Built-in |
| EA Compatibility | MT4 EA compatible | MT5 EA compatible (some MT4 EAs require porting) |
| Lightweight operation | Lightweight and stable | A little heavy but highly functional |
🔹 XM’s selection guidelines
For reference, MT5 is the best in terms of ease of use and standard specs. MT4 is popular and if you want to use EA on a VPS, then MT4 is the best. MT5 is the best in terms of performance. MT4 is the best if you prioritize automated trading in terms of knowledge and services. Depending on the situation, choose the one that will allow you to fully utilize your methods in the future.
Suitable for MT4:
Those who primarily trade FX and make extensive use of automated trading (EAs)
Prioritize lightweight and stable operation
Suitable for MT5:
Trade products other than FX (stock indices, commodities, cryptocurrency CFDs, etc.)
Those who want to utilize advanced order functions and chart analysis
Characteristics of traders who are suited to MT4
The characteristics of traders for whom XM’s MT4 (MetaTrader 4) is suitable are summarized below. MT4 is particularly suitable for a specific group of traders because it is “lightweight and stable,” “focused on FX,” and “strong in automated trading.”
People who mainly trade FX
- MT4 is a platform specialized for FX, with an optimized trading environment for currency pairs.
- It is suitable for traders who do not often use stock indices or commodity CFDs, and who mainly trade major currency pairs such as USD/JPY and EUR/USD.
People who want to use automated trading (EA)
- MT4 supports a wide range of EAs (Expert Advisors).
- It’s suitable for traders who want to create trading strategies using automated trading and verify their strategies through backtesting.
- Unlike MT5, there are a large number of existing EA resources for MT4, and a wide range of custom indicators are also available.
People who want a lightweight and stable operation
- MT4 is lightweight and operates stably, even on computers with lower specs or internet connections.
- High-speed scalping and simultaneous display of multiple charts place a relatively low load on the trading platform.
Beginner to intermediate
- The chart analysis tools and operation are easy to understand, making the trading environment simple to master.
- Even first-time FX traders will find it easy to learn how to use the platform and easily implement EAs and indicators.
People who want to take advantage of our many years of operational experience and information resources
- MT4 is the most widely used platform in the world.
- With a wealth of existing strategies, custom indicators, EAs, and more, it’s ideal for people who want to trade using information resources.
Characteristics of traders who are suited to MT5
To summarize the characteristics of traders who are suited to XM’s MT5 (MetaTrader 5), MT5 is aimed at traders who can take advantage of features such as “multiple stock support,” “advanced order functions,” and “built-in economic indicators.”
People who want to trade not only FX but also a variety of financial products
- In addition to FX currency pairs, MT5 allows you to trade stock indices, commodities, energy, cryptocurrency CFDs, and more.
- Ideal for those who want to manage a wide range of financial products, not just FX, on a single platform.
People who want to use advanced ordering methods and strategies
- MT5 supports complex order types such as IFD, OCO, and IFO.
- It’s ideal for traders who want to automatically place orders based on multiple conditions and who want advanced risk management settings.
People who want to use economic indicators and news information in their trading
- MT5 has a built-in economic calendar within the platform.
- This is useful for those who want to develop trading strategies while monitoring index releases and news.
People who want to perform advanced chart analysis
- MT5 offers 21 different chart intervals, more than MT4.
- It’s suitable for traders who prioritize technical analysis and multi-timeframe trading.
- Custom indicators for MT5 can also be installed.
Intermediate to advanced users who want to use an advanced trading environment in the future
- MT5 is slightly heavier than MT4, but it is highly functional and suitable for traders who monitor multiple currency pairs or multiple instruments simultaneously.
- Automated trading is also possible by porting MT4 EAs to MT5 (however compatibility checks are required).
Is there a possibility of a platform change at XM?
We will summarize what we currently know about the “platform change (MT4 → MT5, etc.)” between MetaTrader 4 (MT4) and MetaTrader 5 (MT5) at XMTrading (XM).
✅ Conclusion: Direct “changes” are not possible — you need to open a new account
- MT4 and MT5 are different platforms, and even if you are with the same broker (XM), you cannot simply switch your current MT4 account to an MT5 account.
- XM’s (and other brokers’) FAQs also clearly state that “it is not possible to directly ‘upgrade’ or ‘convert’ an existing MT4 account to MT5.”
- In other words, if you wish to change platforms, you will need to create a new account (real or demo) for MT5.
🔁 What you can actually do with XM: “Adding” or “Combining” MT5 accounts
- With XM, you can hold both an MT4 account and an MT5 account at the same time. This allows you to “switch between” MT4 and MT5 depending on your needs and strategy.
- In fact, XM’s official documentation states that “even if you have multiple XM accounts, you can switch between them using a single MT4 or MT5 app.”
- The process for switching accounts is also relatively simple; you can move to a different account by simply switching your login on the MT4/MT5 app.
⚠️ Points to note
- Since a new account number is issued each time you open a new account, your past trading history, chart settings, EAs (automated trading), custom indicators, etc. may not be automatically transferred.
- If you use MT4 EAs or indicators, they may not work or be compatible with MT5, so you’ll need to reconfigure them or prepare compatible versions.
- Having multiple accounts complicates capital management—you’ll need to keep track of how much you’ve deposited into each account, whether you’re eligible for bonuses, risk management, and so on.
XM MT4 and MT5 FAQ
We have compiled a list of frequently asked questions (FAQs) about XM (XMTrading) MT4/MT5. We have compiled information that is useful for beginners to intermediate traders.
Should I choose MT4 or MT5?
- Answer:
- MT4: Primarily for FX currency pairs / Lightweight and stable / Extensive EA (automated trading) / Beginner to intermediate users
- MT5: Supports FX + stock index, commodity, and cryptocurrency CFDs / Advanced orders and economic indicators / Intermediate to advanced users
- XM allows you to use both accounts, so you can choose the one that best suits your needs.
Can I switch my existing MT4 account to MT5?
- A: You cannot change platforms directly.
- If you want to change platforms, you will need to open a new MT5 account.
- You can also use multiple accounts to use both MT4 and MT5 simultaneously.
Can MT4 EAs and indicators be used with MT5?
- Answer: Generally, there is no compatibility.
- You will need to port it to MT5 or use EAs and indicators designed specifically for MT5.
- If you are porting an EA used with MT4 to MT5, you will need to modify or convert the code.
Are there any differences in the products that can be traded on MT4 and MT5?
| Platform | Tradable Products |
|---|---|
| MT4 | FX currency pairs, precious metals (gold and silver) |
| MT5 | FX currency pairs, precious metals, stock indices, commodities, energy, cryptocurrency CFDs |
What are the differences in chart analysis features between platforms?
- MT4: Nine timeframes, basic technical indicators, and drawing tools available.
- MT5: 21 timeframes, more analytical tools than MT4, and a built-in economic calendar.
- MT5 is advantageous if you prioritize multi-chart analysis of multiple currency pairs and advanced technical analysis.
Can I use it on mobile or web browsers?
- XM’s MT4/MT5 are available for Windows, Mac, iOS, Android, and web browsers.
- You can trade on the go, and check charts and place orders from your smartphone.
If I have multiple accounts, can I use MT4/MT5 simultaneously?
- Answer: Yes, you can.
- You can have separate accounts for MT4 and MT5 and use both by switching between logins.
- Please be careful about managing funds and bonuses for each account.
Is MT5 heavier than MT4?
- A: It’s a little heavy, but will run without any issues on PCs with average specs.
- It supports advanced analysis and multi-stock management, and its extensive functionality means it uses resources.
Compatible with smartphone apps
MT4 and MT5 each support smartphone apps. The app can be downloaded for both iPhone and Android. It has a wide range of indicators, including the ability to draw rectangles, horizontal lines, triangles, and trend lines. It is recommended that you start with a conclusion that is easy to follow and that suits your purpose.
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