Well, I have seen that so many traders ask about the difference between meta trader 4 and meta trader 5, I would like to tell them that there is a little bit difference between these two platforms, but some brokers have modified the meta trader 5.
I would like to tell you some differences between these two platforms, in meta trader 4, you will see only four last digits and the movement of market in normal time you will see in seconds, but in meta trader 5, you will see the movements in Milli seconds, this is because meta trader 5 has 5 decimal in last of price, for example, if we see the price of Eur/usd, then in meta trader 4 it will show as 1.2990, but in meta trader 5 you will see this price as 1.29902 or last digit may vary, if you see the last digit in 5 then you will see same price as mentioned above, but if the price move to 1.29906, then you will see 1.2991 in meta trader 4. This is a difference that mostly traders pointed out, but I would like to tell you about other brokers.
If you see other brokers meta trader 5 platform, then you can not hedge with them, in simple words if you open an order whether buy or sell, and your order is in negative then you can not open opposite order to secure your capital, your order will be automatically close with loss, similarly, if you have an opened order and you are in profits, so whether you close that manually or open opposite order, your order will be closed, and if you close that order manually then you will see that broker will open another order against your order, but not in your account.
So, if you are a new trader then you should know these things so that you will not face any kind of difficulties or financial loses if you switch to any other broker offering meta trader 5.
