Yes, some differences and limitations in trading tools between MT4 and MT5 are available: Order Types: MT4 offers four order types: market orders, limit orders, stop orders, and trailing stops. MT5 offers six order types, including Buy Stop Limit and Sell Stop Limit, for more sophisticated trading strategies. Technical Indicators: MT4: Actually, this comes with 30 in-built technical indicators. MT5: This has 38 inbuilt technical indicators, thereby providing more technical analysis. Timing: MT4: only 9 time frames are available. MT5: One more extension provides as many as 21 time frames, allowing one to perform the topmost detailed market analysis.  Economic Calendar: MT4: There is no inbuilt economic calendar. MT5 has an inbuilt economic calendar to help traders not miss a beat on significant market events. Market Depth: MT4: does not have a price stack (DOM) feature. MT5 has a DOM that allows a better understanding of the market’s liquidity and order flow.