MT5 and MT4 Prop Firms 2026: MetaTrader Compared

Most firms on our list run MT5: FundingPips, E8 Markets, BrightFunded, The5ers and Alpha Capital Group among them. Only FTMO and FXIFY still appear to offer MT4, because MetaQuotes stopped issuing new MT4 licences in 2022 and no firm founded since can offer it.

That licence freeze is the whole story. Everything below follows from it.

cTrader and TradingView are outside this page’s scope and are compared separately in the cTrader and TradingView firm guide.

Which Prop Firms Run MT5

MT5 is the default MetaTrader platform across this category, and most firms on our list offer it on every program rather than restricting it to one tier. Grouped by how the firm uses it:

MT5 as the only MetaTrader option

E8 Markets runs MT5 with no MT4 path. Execution sits behind E8’s own broker arrangements rather than a publicly named regulated broker, which is worth knowing given the firm’s Dubai base. EAs are permitted subject to the firm’s prohibited-strategy list, which rules out latency arbitrage and HFT. Mobile access uses the standard MetaQuotes MT5 app.

BrightFunded is likewise MT5 only. The firm applies a five-minute news window on funded accounts, which matters for EA operators because an automated system does not know to stand down around a release unless you code it to. Standard MT5 mobile app.

MT5 alongside non-MetaTrader platforms

FundingPips runs MT5, Match-Trader and cTrader, and its own documentation is explicit that there is no MT4, no TradeLocker and no DXtrade. This is one of the few firms publishing a clear platform statement, and it directly contradicts several third-party pages still listing FundingPips as an MT4 firm. Platform choice happens at account setup and can be switched through the dashboard at no cost, across all challenge types and Master account tiers. MT5 carries a swap-free add-on for overnight forex and metals positions that the other two platforms do not. EAs are permitted outside the prohibited-strategy list. Standard MT5 mobile app.

Alpha Capital Group offers MT5 alongside cTrader, DXtrade and TradeLocker, which is the widest published lineup among UK-incorporated firms on our list. Execution runs through Broctagon, a CySEC-regulated broker, which is a more transparent arrangement than most of the category. EAs permitted subject to the prohibited list. Standard MT5 mobile app.

The5ers runs MT5 and cTrader. The firm dates to 2015 and has since launched a CySEC-licensed sister brokerage, TSG, though that is a separate entity from the prop programs. EA support is available, and the firm’s long operating history means most MQL5 tooling built for it still works. Standard MT5 mobile app.

Blueberry Funded is backed by Blueberry Markets, an ASIC-regulated broker, and routes funded-stage orders to a live broker rather than a purely simulated environment. That is unusual in this category and relevant to EA operators, because live routing means real slippage and real liquidity behaviour rather than synthetic fills. Verify the current MetaTrader lineup against the firm’s own platform page, since our data on which specific terminals are offered is not confirmed per tier.

Fintokei also uses live broker execution, through the Quantlane group and its Purple Trading arm. Leverage is capped at 1:10 on forex, which changes EA position sizing materially compared to the 1:100 typical elsewhere. Platform lineup should be confirmed directly, as third-party sources disagree on whether MT4 remains available here.

Tier note: where a firm offers several platforms, the choice is generally made at account creation and applies to that account only. FundingPips is the clearest published case of free switching. Assume the choice is locked unless the firm says otherwise.

Which Prop Firms Still Offer MT4

Very few, and the number can only fall. MetaQuotes stopped issuing new MT4 broker licences in 2022, so no prop firm founded after that date has a legal route to offering MT4 at all. Existing licence holders can keep running it and keep opening new client accounts on it, and MetaQuotes still ships periodic compatibility builds, but the platform is frozen at the licence level.

That single fact filters the list hard. Most firms on our 29-profile list launched in 2021 or later, which puts MT4 permanently out of reach for them regardless of demand.

Corroborated across multiple sources

FTMO is the most consistently named remaining MT4 provider. Founded in 2015, it holds a pre-freeze licence, and multiple independent sources list MT4 alongside MT5, cTrader and DXtrade, with regional restrictions. FTMO partners with OANDA for US market infrastructure. EA support is available on both MetaTrader terminals, though FTMO restricts strategies holding positions under two minutes, which excludes a large slice of scalping EAs. Both MT4 and MT5 mobile apps are supported.

FXIFY appears on MT4 lists more often than any firm except FTMO, offered alongside MT5, TradingView and DXtrade. Execution sits with FXIFY Markets Ltd, a Labuan-licensed money broker in Malaysia, while the customer-facing company is UK-registered. EA support is available. Confirm MT4 availability against FXIFY’s own platform page before buying on that basis.

Conflicting, deliberately not asserted

Third-party pages variously claim MT4 availability at FundedNext, Fintokei and others. Those claims are not consistent with each other, several appear to recycle pre-2024 data, and none points to firm documentation. We are not repeating them as fact. If MT4 is the reason you are choosing a firm, the only reliable check is the firm’s own platform page or a support ticket asking directly, because a wrong answer here means buying an account you cannot use as intended.

One thing worth internalising: MQL4 and MQL5 are different languages. An MT4 EA does not run on MT5 without being rewritten. If your entire strategy library is MQL4, the platform question is not a preference, it is a constraint, and your realistic options are narrow and narrowing.

Which Firms Offer Both

FTMO and FXIFY are the only firms on our list credibly documented as offering both MT4 and MT5, and in both cases the MetaTrader pair sits alongside additional non-MetaTrader platforms rather than as the whole lineup.

That combination exists for one reason: both firms hold pre-2022 MT4 licences and have chosen to keep them running while adding MT5 and newer terminals around them. No firm can join this group. It can only shrink, either as licences lapse or as firms decide MT4 maintenance is not worth the overhead.

What “both” actually buys you. The practical value is migration room. You can run legacy MQL4 systems on MT4 while porting them to MQL5 on a second account at the same firm, without moving your evaluation history to a new provider. For a trader with a decade of MQL4 code, that is worth more than a slightly better spread elsewhere.

What it does not buy you. Both terminals at the same firm generally share the same underlying liquidity and the same rule set. The drawdown rules, consistency requirements and payout terms do not change with the terminal. Choosing MT4 at FTMO does not give you different daily loss mechanics than choosing MT5 there.

A caution on treating MT4 access as a reason to pick a firm. A platform that no new competitor can offer is a moat for exactly as long as the firm chooses to maintain it. Neither firm has committed publicly to supporting MT4 indefinitely, and a discontinuation would leave MQL4 traders with no comparable option on this list. If your entire operation rests on MT4, budgeting time to port your systems to MQL5 is a hedge against a decision you have no control over.

MT5 vs MT4 for Funded Trading: What Actually Differs

For funded trading specifically, the differences that matter are the scripting language, the order handling model, and the timeframe and asset coverage. Chart aesthetics and indicator counts are largely irrelevant to whether you pass and get paid.

The scripting language is the real fork. MQL4 and MQL5 are not compatible. Code does not port. Indicators do not port. If you have bought or built tooling, the platform decision is made for you by whichever language that tooling is written in.

Order handling differs in a way that affects rule compliance. MT4 uses a position-based model where a hedge is a second open position. MT5’s default is netting, where an opposing order reduces or closes the existing position rather than sitting alongside it, though hedging-mode MT5 accounts exist and most prop firms use them. This matters because several firms permit hedging as a strategy, and whether your platform treats it as two positions or one changes what your equity curve looks like to the firm’s risk system.

Timeframes and asset coverage. MT5 offers 21 timeframes against MT4’s 9, and supports asset classes MT4 was never built for. For a firm offering indices, commodities and crypto alongside forex, MT5 is simply the appropriate terminal.

Execution speed is a non-difference. Both route through the same broker infrastructure at a given firm. FundingPips states directly that its three platforms provide equivalent execution and data quality, and that the choice is ergonomics rather than function. Treat any claim that one MetaTrader version is meaningfully faster than the other at the same firm with scepticism.

Spreads are set by the firm, not the platform. A wider spread on MT5 than MT4 at the same firm reflects a different account type or symbol suffix, not the terminal. Fintokei, to its credit, publicly acknowledges its gold spread is uncompetitive against broker-backed rivals, which is a firm-level fact rather than a platform one.

Symbol naming is a small detail that breaks automated systems. Prop firms routinely append suffixes to instrument names, so EURUSD may appear as EURUSD.r, EURUSD.pro or similar depending on the server. An EA hard-coded to a plain symbol name will fail to place orders and, worse, may do so silently. This bites on MT5 more often than MT4 simply because more firms run MT5 with multiple account types on the same server. Check the symbol string in Market Watch before an EA goes live on a paid account.

The mobile situation is worth one paragraph. MetaQuotes removed both MT4 and MT5 from Apple’s App Store in September 2022 and they returned in March 2023. Prop firm servers have also gone missing from the mobile apps temporarily, as happened to FTMO across a weekend in February 2024. Mobile MetaTrader works, but it depends on a third party neither you nor your prop firm controls. If your risk management depends on being able to close positions from a phone, that is a real dependency to think about.

What to Check Before Choosing a Platform

Check the firm’s own platform page rather than any comparison site, including this one, because platform availability is the single most out-of-date field across the prop firm review industry.

Six checks, in order of how much a wrong answer costs you:

1. Confirm the platform exists on the specific product you are buying. Availability frequently varies by program and by country. FTMO’s MetaTrader offering carries regional restrictions. A firm-level “yes” is not an account-level yes.

2. Confirm your EA language matches. MQL4 code needs MT4. MQL5 code needs MT5. There is no bridge, and discovering this after paying is an expensive way to learn it.

3. Read the prohibited-strategy list before assuming EA support. Nearly every firm permits EAs and nearly every firm bans latency arbitrage, HFT, tick scalping and grid or martingale systems. FTMO’s sub-two-minute holding restriction disqualifies many scalping EAs that are otherwise entirely legitimate.

4. Check whether the platform choice can be changed later. FundingPips allows free switching through the dashboard. Assume you cannot elsewhere unless the firm says you can.

5. Ask who the broker behind the feed is. Some firms name a regulated broker, as Alpha Capital Group does with Broctagon and Blueberry Funded does with Blueberry Markets. Others do not name one at all. This tells you whether you are trading against a live routed feed or a purely simulated one, which affects fills and slippage.

6. Test the mobile app on a small account first. Confirm the firm’s server actually appears in the app before you need it to.

One more, for MT4 buyers specifically: get the answer in writing from support with a date on it. MT4 availability is the field most likely to have changed since anything you read about it was published.

Last verified: 4 August 2026

PropFirmProof publishes comparison and education content only and does not provide financial advice. Some links on this page are affiliate links, and commission does not influence any assessment. Trading carries substantial risk.

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