MQL5 (MetaQuotes Language 5) is not backward-compatible with MQL4 (MetaQuotes Language 4). The majority of Forex brokers supporting MT4 also allow a worldwide client base.įive years following the launch of MT4, MetaQuotes Software Corp created MT5 MetaTrader 5 (MT5). MT4 offers several beneficial plugins – it’s a solid platform providing real-time data, a user-friendly interface, charting functions, rapid movement between multiple time frames and offers a wide range of languages.

Still, most who trade Forex believe the positives outweigh the negatives. Consequently, some features in MetaTrader 4 won’t function outside of Windows. Like human languages, though, some things do not translate.

Although unable to natively run on Mac OS – the desktop version of the MetaTrader 4 trading software was designed to run on Microsoft Windows – Mac users can still use the MT4 platform.Ī compatibility layer is there to translate parts of the application designed for Windows to their Mac OS counterparts.

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