MT5 is the newer version of MT4 and the product MetaQuotes intended to take MT4s place as the leading trading platform on the market. Some of the benefits MT5 has include:

1. More Timeframes and Chart Types: MT5 offers additional timeframes (such as 2-minute, 12-hour, and 2-day) and chart types (such as Heikin Ashi) compared to MT4, providing traders with more flexibility in their analysis.

2. More Technical Indicators: MT5 comes with a larger selection of built-in technical indicators compared to MT4, allowing traders to conduct more comprehensive technical analysis.

3. Economic Calendar and Market Depth: MT5 includes an integrated economic calendar and market depth (Level II pricing), providing traders with access to important economic events and more transparency into market liquidity.

4. More Order Types: MT5 supports additional order types, including Stop Limit orders and Buy Stop Limit orders, offering traders more flexibility in order execution.

5. Built-in Strategy Tester with Multi-Threaded Optimization: MT5 features an enhanced strategy tester with multi-threaded optimization capabilities, allowing for faster and more efficient backtesting of trading strategies.

6. More Asset Classes: MT5 supports a broader range of tradable assets, including the instruments only available to Cerus Markets; crypto vs stocks, crypto vs indices, crypto vs commodities as well as all the traditional instruments you expect.

7. Hedging and Netting: MT5 allows for both hedging and netting account systems, whereas MT4 only supports hedging accounts. This provides traders with more flexibility in managing their positions and risk.

8. Improved User Interface: MT5 features a more modern and customizable user interface compared to MT4, with improved charting capabilities and easier navigation.

9. Advanced Technical Analysis Tools: MT5 includes additional drawing tools and analytical objects, such as Fibonacci retracement, Elliott Waves, and Gann lines, enhancing the platform's technical analysis capabilities.