Find the key differences between incredible fast platforms

comparison between the two is worth understanding.

Find the key differences between incredible fast platforms

comparison between the two is worth understanding.

MetaTrader 4 Vs MetaTrader 5

Compare the two MetaQuotes Trading Platforms at a glance

The long-awaited, updated version of the MT5 trading platform including the option of Hedging has been released and is now exclusively available to all Winstone Prime clients for download.

Discover all the new exciting features plus the key differences between the new MetaTrader5 and the previous MetaTrader4 Trading Platforms.

Differences Between MT4 and MT5

Features Description MT5 MT4
Order Execution Types Number of supported types of order execution 4 3
Order Execution Types Details MT5 MT4
Instant Execution
Market Execution
Request Execution Mode
Exchange Execution Mode
Partial Order Filling Policies Partial edit option where a trade that is now available with
maximum volume is executed, not exceeding the volume
requested in the order, and unfilled volume is cancelled.
Order Fill Policy Additional order execution conditions Fill or Kill
Immediate or
Cancel Return
Fill or Kill
Pending Order Types Types of pending orders requesting a broker to buy or to
sell a financial security under pre-defined conditions in the
future.
6 4
Pending Order Types Details MT5 MT4
Buy Limit
Buy Stop
Sell Limit
Sell Stop
Buy Stop Limit
Sell Stop Limit
Netting Having one open position of a financial instrument only
Hedging Having multiple positions of a financial instrument, both in the
same and opposite direction
Market Depth Bids and offers for a financial security at different prices
depending on the volume
Technical Indicators Technical indicators are used to automatically detect
patterns in the financial instrument price dynamics
38 30
Technical Indicators Details MT5 MT4
Average Directional Movement Index
Average Directional Movement Index Wilder
Bollinger Bands
Envelopes
Ichimoku Kinko Hyo
Moving Average
Parabolic SAR
Standard Deviation
Bears Power
Bulls Power
Commodity Channel Index
DeMarker
Force Index
MACD
Momentum
Moving Average of Oscillator
Relative Strength Index
Relative Vigor Index
Stochastic Oscillator
Williams’ Percent Range
Accumulation/Distribution
Money Flow Index
On Balance Volume
Volumes
Accelerator Oscillator
Alligator
Awesome Oscillator
Fractals
Gator Oscillator
Market Facilitation Index
Adaptive Moving Average
Double Exponential Moving Average
Fractal Adaptive Moving Average
Triple Exponential Moving Average
Variable Index Dynamic Average
Average True Range
Chaikin Oscillator
Triple Exponential Average
Graphical Objects Analysis tools that help to identify financial instrument price
trends, to detect cycles and support / resistance levels, to build
channels and more
44 31
Graphical Objects Details MT5 MT4
Horizontal Line
Vertical Line
Trendline
Trendline by Angle
Cycle Lines
Equidistant Channel
Standard Deviation Channel
Andrews' Pitchfork
Fibonacci Retracement
Fibonacci Time Zones
Fibonacci Fan
Fibonacci Arcs
Fibonacci Channel
Fibonacci Expansion
Gann Line
Gann Fan
Gann Grid
Rectangle
Triangle
Ellipse
Thumbs Up
Thumbs Down
Up Arrow
Down Arrow
Stop Sign
Check Sign
Left Price Label
Right Price Label
Text
Text Label
Button
Graph
Bitmap
Bitmap Label
Edit
Event
Rectangle Label
Arrowed Line
Regression Channel
Elliott Wave Theory
Construction of Waves
Buy Sign
Sell Sign
Arrow
Timeframes Group quotes of financial instrument in time intervals. 21 9
Timeframes Details MT5 MT4
1M
2M
3M
4M
5M
6M
10
12M
15M
20M
30M
1H
2H
3H
4H
6H
8H
12H
D1
W1
MN
Economic Calendar A fundamental analysis tool which features macroeconomic
news from numerous countries that can affect financial
instrument price
Email System Built-in email service, where you can receive notifications
from Winstone Prime straight to ur platform
Yes
(with
attachments)
Yes
(without
attachments)
Strategy Tester EA tester and optimization modes Multi-threaded
+ Multi-currency
+ Real ticks
Single thread
MQL5.community chat Chat with other traders directly from the platform

Frequently Asked Question

Trade with world's MOST PREFERRED trading platform

You can download both MT4/MT5 Platform via Traders Cabinet. Just login in to your trader’s cabinet and download from Platform download section.

• Choose a financial instrument from the Market Watch (at the top-right corner of the screen) and double-click on it to open.

• For closing, Go to the Terminal Tab at the bottom of the screen, find the position you want to close in the list and double click on it. Click the Close button with a unique number and closing price of your position.

• Check whether the instrument is available in market watch, If not available then right click on it and select show all.

• Then drag the preferred instrument to chart window so that the chart of the selected instrument will be displayed or right click on the instrument in the market watch.

• Click chart window so that the chart will be displayed.

• Balance is the amount of money on your account after the last closed trade.

• Equity is the sum of Balance including current Profit/Loss of open positions and SWAP.

• Margin is the amount of money necessary to cover your possible losses during margin trading.

• Free margin = Available Margin (Equity – Margin).

Yes, you can. Open MT4/ MT5 and Right click on accounts--> open account --> add the name of the broker server –WinstonePrime-Live for MT4 and WinstonePrime-MT5 for MT5 and scan and fill the login credentials and login , your Winstone Prime trading account will be opened.

1. How do I download the trading platform?

You can download both MT4/MT5 Platform via Traders Cabinet. Just login in to your trader’s cabinet and download from Platform download section.

2. How do I open and close a trading position?

• Choose a financial instrument from the Market Watch (at the top-right corner of the screen) and double-click on it to open.

• For closing, Go to the Terminal Tab at the bottom of the screen, find the position you want to close in the list and double click on it. Click the Close button with a unique number and closing price of your position.

3. How do I open a new chart?

• Check whether the instrument is available in market watch, If not available then right click on it and select show all.

• Then drag the preferred instrument to chart window so that the chart of the selected instrument will be displayed or right click on the instrument in the market watch.

• Click chart window so that the chart will be displayed.

4. What is Balance, Equity, Margin and Free Margin?

• Balance is the amount of money on your account after the last closed trade.

• Equity is the sum of Balance including current Profit/Loss of open positions and SWAP.

• Margin is the amount of money necessary to cover your possible losses during margin trading.

• Free margin = Available Margin (Equity – Margin).

5. I have downloaded MetaTrader 4 / MetaTrader 5 from another broker. Can I trade with Winstone Prime Trading Account?

Yes, you can. Open MT4/ MT5 and Right click on accounts--> open account --> add the name of the broker server –WinstonePrime-Live for MT4 and WinstonePrime-MT5 for MT5 and scan and fill the login credentials and login , your Winstone Prime trading account will be opened.

  • Electricity Bill
  • Formal documents of Bank, building or society and debit and credit card.
  • Tax receipts
  • Address registration certificates provided by the local government.
  • Non- expired Driving license acquired in the previous 6 months.

Most of the documents are required to be received within 6 months. You must remove account details from banking documents as a caution. Possibly, you may need to carry out an extensive process of documentation abiding our regulatory agreements in the course of internal reviews.

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