GOFX provides access to both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the world's most widely used electronic trading platforms developed by MetaQuotes. Both platforms support advanced charting, order execution, and automated trading through Expert Advisors (EAs). They differ primarily in the number of analytical tools, order types, and platform capabilities available to traders.
MetaTrader 4 (MT4) is a widely recognized trading platform designed with simplicity and efficiency in mind. It features an extensive ecosystem of Expert Advisors (EAs) and is well suited for trading CFDs and other financial products offered by GOFX using a comprehensive yet intuitive set of trading tools.
MetaTrader 5 (MT5) is the next-generation multi-asset trading platform, offering additional timeframes, order types, analytical tools, an integrated Economic Calendar, and a more powerful strategy testing environment.
Simple, Flexible, and Trusted by Traders Worldwide
Officially released in 2005, MetaTrader 4 (MT4) has remained one of the world's most widely used electronic trading platforms for CFDs and financial markets. Its intuitive interface, customizable charts, and support for automated trading through Expert Advisors (EAs) have made it the preferred choice for millions of traders.
MT4 is suitable for both beginners and experienced traders seeking a platform focused on the essential functions of trading, technical analysis, and order management without unnecessary complexity.
The platform includes 9 built-in timeframes, 30 technical indicators, and a comprehensive set of chart analysis tools. Traders can further enhance the platform by installing Custom Indicators, Scripts, and Expert Advisors that match their individual trading strategies.
MT4 features interactive charts that can be customized with different layouts, colors, and display settings. Traders can choose between Bar Charts, Candlestick Charts, and Line Charts, while using technical indicators and drawing tools to analyze market trends, support and resistance levels, and price patterns.
Available Timeframes
One of MT4's most popular features is its support for Expert Advisors (EAs) developed using the MQL4 programming language. EAs can automatically analyze market conditions, generate trading signals, execute trades, and manage open positions based on predefined trading rules. Traders can also create or install their own Expert Advisors, Custom Indicators, Scripts, and Libraries to suit their individual trading requirements.
MT4 continues to be a preferred platform for traders who already use Expert Advisors developed in MQL4 or who prefer the familiar workflow and interface of the classic MetaTrader platform. It also benefits from one of the largest communities of EA and indicator developers, providing access to a wide range of third-party tools and trading resources.
MetaTrader 4 is developed by MetaQuotes Ltd. Platform features and functionality may vary depending on the operating system, platform version, account type, server configuration, and the services provided by GOFX.
Advanced Multi-Asset Trading with Powerful Analytical Tools
Officially released in 2010, MetaTrader 5 (MT5) was designed as a next-generation multi-asset trading platform capable of supporting a wide range of financial markets and instruments. The products available for trading depend on those offered by the broker.
MT5 is not simply an updated version of MT4. It is built on a different platform architecture and programming language, offering additional timeframes, more order types, enhanced analytical tools, an integrated Economic Calendar, and a significantly more advanced strategy testing environment.
The platform includes 21 timeframes, 38 built-in Technical Indicators, 44 graphical objects, Depth of Market (DOM), and a powerful multi-threaded Strategy Tester capable of multi-currency backtesting and Real Tick simulation.
MT5 provides 21 built-in timeframes, allowing traders to analyze market movements in greater detail than MT4. Additional intermediate timeframes such as M2, M3, M4, M6, M10, M12, H2, H3, H6, H8, and H12 provide greater flexibility for different trading strategies.
Available Timeframes
M1, M2, M3, M4, M5, M6 · M10, M12, M15, M20, M30 · H1, H2, H3, H4, H6, H8, H12 · D1, W1, MN
The wider selection of timeframes enables traders to analyze price action with greater precision according to their preferred trading style.
MT5 includes a built-in Economic Calendar, enabling traders to monitor economic events, macroeconomic releases, and scheduled announcements directly within the platform. Economic data can assist in fundamental analysis but should not be relied upon as the sole basis for making trading decisions.
MT5 supports Depth of Market (DOM), allowing traders to view available Bid and Ask prices based on market data provided by the broker or its liquidity providers. The number of price levels and the information displayed may vary depending on the financial instrument, liquidity source, execution model, and GOFX server configuration.
MT5 supports Expert Advisors (EAs) developed using MQL5, an advanced programming language designed for sophisticated algorithmic trading and high-performance strategy development. MQL5 supports:
Expert Advisors written for MT4 (MQL4) are not directly compatible with MT5 because MQL4 and MQL5 are different programming languages with different platform architectures. Existing EAs generally require modification or redevelopment before they can be used on MT5.
The Strategy Tester in MT5 offers significantly enhanced capabilities compared to MT4, including:
According to MetaQuotes, the MT5 Strategy Tester is designed to support the development, testing, and optimization of sophisticated trading systems, including Expert Advisors capable of trading multiple instruments simultaneously.
MetaTrader 5 is developed by MetaQuotes Ltd. Platform features and functionality may vary depending on the operating system, platform version, account type, server configuration, execution model, and the services provided by GOFX.
| Feature | MetaTrader 4 (MT4) | MetaTrader 5 (MT5) |
|---|---|---|
| Official Release | 2005 | 2010 |
| Platform Focus | CFDs and Financial Markets | Multi-Asset Trading Platform |
| Pending Orders | 4 Types | 6 Types |
| Built-in Technical Indicators | 30 | 38 |
| Graphical Objects | 31 | 44 |
| Timeframes | 9 | 21 |
| Built-in Economic Calendar | No | Yes |
| Depth of Market (DOM) | Limited | Yes |
| Expert Advisors (EAs) | Supported | Supported |
| Programming Language | MQL4 | MQL5 |
| Strategy Tester | Single-Threaded | Multi-Threaded |
| Multi-Currency Backtesting | Not Supported | Supported |
| Real Tick Testing | Limited | Supported |
| Hedging Accounts | Supported | Supported (subject to broker configuration) |
| Netting Accounts | Not the primary account model | Supported |
| One-Click Trading | Supported | Supported |
| Desktop | Supported | Supported |
| WebTrader | Supported | Supported |
| Mobile | Supported | Supported |
| MT4 Expert Advisor Compatibility | Supports MQL4 EAs only | MT4 Expert Advisors are not directly compatible |
Platform features, available financial instruments, order types, execution methods, and account systems may vary depending on the operating system, platform version, account type, GOFX server configuration, and the services offered by GOFX. Clients should refer to the latest product specifications and trading conditions before using the platform.
Open your GOFX account in minutes and access a wide range of CFD products through MetaTrader 4 and MetaTrader 5. Benefit from competitive trading conditions, reliable execution, and professional trading platforms designed to support every stage of your trading journey.
