Compare MetaTrader 4 and MetaTrader 5 for prop trading. Platform differences, automation, and compatibility.
MT4 and MT5 are the two most popular trading platforms. This guide helps you choose the right one for prop firm challenges and funded accounts.
MT5 has more timeframes, built-in economic calendar, and better backtesting. MT4 is simpler and supports older EAs.
Most prop firms support both MT4 and MT5, but some newer firms are MT5-only.
Both platforms support EAs, but MT5 has a more powerful MQL5 language.
If you trade forex and need a huge library of EAs, MT4 is safe. For futures, stocks, or advanced features, MT5 is better.
MT5 is newer with more features, but MT4 still has more third-party EAs and community support.
Most allow both, but some are MT5-only. Check the firm platform list.
No, MQL4 and MQL5 are different languages. You may need to convert the EA.
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