You would think that since it is the newest version of the MetaTrader platform that MetaTrader 5 would be superior to MetaTrader 4. And yet there are more traders out there still using MetaTrader 4. That’s because the two are actually geared towards different kinds of trading. MetaTrader 4 was created for forex trading, and it excels at that market. MetaTrader 5 was created as a multi-asset trading platform, and it is typically better when trading in assets other than currencies. It has more order types and more indicators, and allows for the detailed analysis of any type of asset.