MT5 is a trading platform that allows users to trade various financial instruments including forex, stocks, and futures.

MT5 has more advanced features such as multi-threading, more timeframes, and more built-in indicators compared to MT4. Here is a comparison of some of the key differences between MT4 and MT5:

• Asset classes: MT5 supports a wider range of asset classes, including futures and stocks, in addition to forex and CFDs.
• Order execution: MT5 uses a different order execution model than MT4, which may result in faster and more accurate order execution for some traders.
• Programming language: MT5 uses the MQL5 programming language, which is an upgraded version of the MQL4 language used in MT4. MQL5 is more powerful and has additional features compared to MQL4.
• Market depth: MT5 provides more detailed market depth information, which can be useful for traders using high-frequency and algorithmic trading strategies.

No, EAs and indicators for MT4 are not compatible with MT5. They will need to be rewritten or replaced with new ones that are compatible with MT5.

You can download the installation file from the official MetaTrader website and then run the setup. The installation process is similar to that of other software.

Yes, MT5 is available for both iOS and Android devices. You can download the app from the App Store or Google Play.

Yes, MT5 has a built-in programming language called MQL5, which is similar to MQL4 of MT4.

MT5 is generally offered for free by most forex brokers, just like MT4. However, some brokers may charge a small fee for additional features or services.

Yes, MT5 is supported by many forex brokers and you can connect to multiple brokers using the same platform.

Yes, MT5 supports trading of stocks and futures in addition to forex.

Yes, you can use a Virtual Private Server (VPS) with MT5 to ensure that your trading strategy is running even if your computer is turned off.