Multi-Asset Trading: Which MetaTrader Is More Suitable for Diversified Portfolios?

Multi-Asset Trading
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Diversification is a cornerstone of successful investing, and multi-asset trading has become increasingly popular among traders looking to build diversified portfolios. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two well-known platforms that cater to traders with diverse asset preferences. However, choosing the right platform for managing a multi-asset portfolio is crucial. In this article, we will compare MT4 and MT5 to help you determine which is more suitable for managing diversified portfolios using a forex trading app.

MetaTrader 4 (MT4): A Classic Choice

MetaTrader 4 has long been favored by traders for its user-friendly interface and extensive library of custom indicators and expert advisors. Here’s how MT4 is suitable for diversified portfolios:

  • Custom Indicators and Scripts: MT4 allows traders to use custom technical indicators and scripts, offering flexibility in analyzing various assets, from forex to commodities.
  • Multi-Asset Support: While primarily designed for forex trading, MT4 also supports CFD trading, making it suitable for those interested in diversifying their portfolios with indices, commodities, and other assets.
  • Algorithmic Trading: MT4’s support for algorithmic trading enables traders to create and deploy automated trading strategies across multiple asset classes.

MetaTrader 5 (MT5): The All-in-One Solution

MetaTrader 5 was developed as an improved version of MT4, with added features and enhanced capabilities. Let’s explore how MT5 serves diversified portfolios:

  • Extended Asset Classes: MT5 was explicitly designed to support multiple asset classes, including forex, commodities, stocks, and cryptocurrencies, making it an ideal choice for traders seeking a broad asset spectrum.
  • Additional Timeframes: MT5 offers more timeframes compared to MT4, enabling traders to analyse price data in a variety of time horizons, accommodating different asset classes’ unique trading behaviours.
  • Economic Calendar: The integrated economic calendar in MT5 provides valuable insights into economic events that can impact a wide range of assets.

Selecting the Right Platform for Multi-Asset Trading

The diversity of your portfolio and your trading preferences will determine which platform is best for you. Here are some factors to consider when selecting between MT4 and MT5:

  • Asset Classes: If your portfolio includes a mix of forex, commodities, stocks, and indices, MT5 is the more suitable choice due to its broader asset class support.
  • Trading Style: Think about your trading approach and if you employ scripts or custom indicators. If you rely on MT4-specific tools and are primarily a forex trader, MT4 can be more enticing.
  • Timeframes: The greater variety of MT5 can be useful if you need more time frames for your analysis—especially for assets with unusual trading patterns.

The Forex Trading App Factor

Mobile versions of MT4 and MT5 are available, enabling traders to access and manage their diverse portfolios while on the road. Make sure the forex trading app you select for your smartphone is both user-friendly and compatible with the platform of your choice—MT4 or MT5—for easy multi-asset trading.


Managing diversified portfolios in the world of multi-asset trading is a significant undertaking, and the choice between MT4 and MT5 can significantly impact your success. When selecting the most suitable platform, consider the asset classes you trade, your preferred trading style, and your need for various timeframes for analysis. Additionally, make sure that your chosen forex trading app aligns with your platform selection to ensure seamless access to your multi-asset portfolio. By making an informed decision, you can effectively manage your diversified investments and work toward your financial goals.

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The views expressed in this article are those of the authors and do not necessarily reflect the views or policies of The World Financial Review.