Which One Is Best Trading Platform MT4 or MT5? FXTM offers forex trading on both MetaTrader 4 (MT4) and MetaTrader 5(MT5), two of the industry’s leading trading platforms. Both provide pioneering automated trading systems with expert advisors. However, they each serve a very different function and, contrary to popular belief, MT5 is not an upgrade of MT4. MetaTrader 4 “MT4” MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. … However, uptake was slow and as of April 2013 most brokers still used MT4. MT4 Forex Brokers Reviews AvaTrade. AvaTrade is among the…