How it works
Both support charting, order management and automated strategies, but they use different architectures and can offer different market, order and testing features depending on broker setup.
What to check
Check which instruments, account modes and server features the broker enables rather than assuming every MT4 or MT5 installation is identical.
- Check broker-specific implementation
- Check account mode and instruments
- Do not treat platform brand as regulation
Limits and risks
Choosing a platform based only on familiarity can hide differences in execution and product availability. The broker's legal and commercial terms remain separate from the platform.
Primary sources
BIS 2025 Triennial Central Bank Survey↗FCA: Contracts for difference (CFDs)↗General information only. Investment products can lose value, and terms, fees and regulation can change.