When choosing the right trading platform, forex traders often face one crucial decision: MetaTrader 4 (MT4) or MetaTrader 5 (MT5)? At Bullsouq, a leading Dubai-based forex broker, we empower traders with both options to match their strategy, skill level, and trading goals.
Whether you’re just starting or looking for advanced tools, understanding the key differences between MT4 and MT5 is essential to building your market success.
What is MT4?
MetaTrader 4, launched in 2005, remains the most popular forex trading platform globally. It’s known for:
- Ease of use – perfect for beginners
- Lightweight performance – runs smoothly even on low-spec devices
- Expert Advisors (EAs) – automated trading with a massive online community
- Built-in indicators – 30 technical indicators and 9 timeframes
At Bullsouq, MT4 is ideal for clients seeking a straightforward forex-only experience with trusted reliability.
What is MT5?
MetaTrader 5, introduced in 2010, is a multi-asset platform designed for professional traders. It supports:
- More assets – forex, stocks, indices, commodities, and futures
- Advanced tools – 38 indicators, 21 timeframes, market depth, and economic calendar
- Faster execution – 64-bit multi-threaded architecture
- Improved backtesting – including multi-currency testing
MT5 on Bullsouq is perfect for traders needing advanced analytics, faster execution, and a broader asset class range.
MT4 vs. MT5: Feature Comparison
| Feature | MT4 | MT5 |
| Assets Supported | Forex | Forex + Stocks + Indices + More |
| Indicators | 30 | 38 |
| Timeframes | 9 | 21 |
| Programming Language | MQL4 | MQL5 (OOP Supported) |
| Backtesting | Single-threaded | Multi-threaded + Multi-currency |
| Order Types | Basic | Advanced (e.g., buy-stop-limit) |
| Hedging/Netting | Hedging only | Hedging + Netting |
| Market Depth | No | Yes |
| Economic Calendar | No | Yes |
Which Platform Should You Choose?
Choose MT4 on Bullsouq if you:
✅ Are new to forex
✅ Prefer simplicity and speed
✅ Use basic EAs and indicators
Choose MT5 on Bullsouq if you:
✅ Want to trade multiple asset classes
✅ Rely on deep technical analysis
✅ Need fast execution and advanced tools
Bullsouq: Empowering Your Trading Journey
At Bullsouq, we offer both MT4 and MT5, giving traders complete flexibility, backed by:
- Deep liquidity from top-tier providers
- Secure and regulated environment
- Arabic and English customer support
- Dubai-based expertise with global reach