MetaTrader 5 was released as a next-generation platform, yet MetaTrader 4 continues to be widely supported. Many traders wonder why so many brokers still offer the older version, even when MetaTrader 5 clearly provides more features. The answer lies in user preference, infrastructure limitations, and strategic decisions by brokers to meet market demand.
Trader Familiarity and Comfort
MetaTrader 4 has been around since 2005 and has earned the trust of millions of traders. The interface is familiar, the tools are well-understood, and there are countless educational resources available. For many, switching to MetaTrader 5 feels unnecessary.
Traders who have used MetaTrader 4 for years have already developed strategies, expert advisors, and habits around the platform. Adapting to MT5’s new architecture, different scripting language (MQL5), and updated interface requires time and effort that not everyone is willing to invest.
Because of this, some broker platforms continue to offer MT4 accounts simply to retain loyal clients who would otherwise migrate to a competitor.
Compatibility With Third-Party Tools
A large ecosystem of custom indicators, scripts, and automated trading systems was built specifically for MetaTrader 4. These tools do not function on MetaTrader 5 due to different coding structures. Rebuilding them from scratch can be costly and time-consuming.
Some brokers serve clients who rely heavily on these third-party tools. Continuing to support MT4 allows these traders to avoid disruptions. This is especially common among algorithmic traders who run bots and strategies they have refined over many years.
For these traders, staying with a compatible broker that still offers MT4 is more efficient than updating everything for a new platform.
Lower Infrastructure Requirements for Brokers
From the broker’s perspective, offering MetaTrader 4 is often simpler and less expensive. The server architecture is lighter and requires less computing power compared to MT5. For brokers with smaller operations or limited technical teams, maintaining MT4 is more cost-effective.
In contrast, MetaTrader 5 requires separate infrastructure for different asset classes, which adds complexity. Brokers that cater solely to forex traders often find MT4 sufficient for their client base.
Even larger brokers that offer both platforms may find that their MT4 clients make up the majority of their active users. This customer demand reinforces the decision to keep it running.
Market Demand Remains Strong
Despite MetaTrader 5’s growth, demand for MetaTrader 4 remains consistent, especially in regions where new traders are just getting started. MT4 is easier to learn and widely promoted through online tutorials, videos, and forums.
As long as this demand exists, brokers will continue offering MT4 accounts. The risk of losing clients by removing a familiar tool outweighs the benefit of pushing users onto a newer platform they may not prefer.
A customer-focused broker understands that platform flexibility is a service in itself. Many traders value the ability to choose what works for them instead of being forced to adapt.
While MetaTrader 5 is a more advanced and technically superior platform, MetaTrader 4 continues to hold a strong position in the market. Broker decisions to keep offering MT4 are often driven by trader preference, third-party compatibility, and cost considerations.
The important thing is not whether your broker offers the newest platform but whether they support the one you use with speed, accuracy, and transparency. A well-equipped broker will deliver a strong trading environment no matter which MetaTrader version you choose.