For a brokerage business, it is essential for them to provide their clients or traders with the right platforms to maintain everything well. The success or failure of a broker is dependent on the quality of the systems and server infrastructure they provide. MT4 and MT5 have made their special place in the hearts of forex traders as they offer seamless trading. To provide MT4 and MT5 to customers, working with the right server is crucial. Hence, for a broker, it becomes essential to provide clients with the best and necessary server requirements for hosting them. In this article, we will see how to choose the right server for MT4 and MT5 trading platforms.
What is MT4?
MetaQuotes is the developer of the MT4 platform. In the early 2000s, MetaQuotes released its MT3 platform in the market. After it became a hit in the market, MetaQuotes went on to release MT4 and MT5 trading platforms. MT4 was released in the year of 2005. It has been popular ever since. It has a simple-to-use interface and customization options. It is used for automated trading. It has gained such a reputation due to its reliability and compatibility across a range of devices. Plus, it is made for both beginners and experienced traders.
What is MT5?
MetaQuotes launched the advanced version of the MT4 trading platform in 2010, which is now known as MetaTrader 5. It is a multi-asset platform, as you can trade many trading instruments. It is advanced in terms of technical analysis and charting.
MT4 vs MT5: A Brief Comparison
The main difference between them is that MT4 is just for trading forex, while MT5, along with forex trading, allows traders to trade stocks & other assets. MT5 is for advanced traders as it allows them to trade CFDs and futures. MT4 is based on the MQL4, while MT5 is based on MQL5.
MT4 is good for beginners, as it comes with only nine time frames, while MT5 has 21 time frames, which can not be ideal for beginner traders, as too many indicators at once might confuse them. Along with four basic order types provided by MT4, MT5 provides buy-stop limit and sell-stop limit orders too. That means that MT5 offers greater flexibility and utility to its users than MT4, but such order types are more useful for experienced traders.
Trading Server Requirements
Trading Server Requirements for the MT4 platform
These are the Trading Server Requirements for the MetaQuotes’ MT4 platform:
CPU
The recommended requirement is Intel Xeon Quad Core E3 or E5. But you can consider Intel i7 4th Gen Quad Core too.
RAM
The recommended RAM memory is 16 GB, while 8 GB will also work fine.
HDD
For Trade and History server, 2 x 480 GB SSD (RAID 1) will work fine. For backup servers, 2 x 1 TB HDD (RAID 1). You can also use a 2 x 1 TB HDD (RAID 1) as the minimum requirement.
Network
The recommended internet speed is 1 GBPS for the purpose of downloading and uploading. It can be 100 MBPS too.
Operating System
Windows Server 2019 Standard 64-bit is the recommended operating system, although you are allowed to use Windows Server 2016 Standard 64-bit as the minimum requirement.
Trading Server Requirements for the MT5 platform
These are the Trading Server Requirements for the MetaQuotes’ MT5 platform:
CPU
The recommended requirement is Intel Xeon Quad Core E3 or E5. But you can consider Intel i7 4th Gen Quad Core too.
RAM
The recommended RAM memory is 16 GB, but 8 GB will also work fine.
HDD
For Trade and History server, 2 x 480 GB SSD (RAID 1) will work fine. For backup servers, 2 x 1 TB HDD (RAID 1). You can also use a 2 x 1 TB HDD (RAID 1) as the minimum requirement.
Network
The recommended internet speed is 1 GBPS for the purpose of downloading and uploading. It can be 100 MBPS too.
Operating System
Windows Server 2019 Standard 64-bit is the recommended operating system, although you are allowed to use Windows Server 2016 Standard 64-bit as the minimum requirement.
Trading Server Requirements for the MT5 platform
Choose a reputed hosting provider with a global infrastructure that is present across various countries, including the main financial markets. They should have established themselves in various financial hubs to ensure your smooth and safe journey with MT4 and MT5.
In conclusion, choosing the best trading server means it has to meet certain requirements and you have to ensure that it is via a reputed provider to enjoy the overall experience.
