MetaTrader 4 and Scope Markets
Where MetaTrader 4 sits in the Scope Markets line-up, and what South African accounts are actually issued on.
Open a Trading Account →MetaTrader 4 appears in the Scope Markets group's platform list alongside MetaTrader 5, CQG, IRESS and Bloomberg, but the group states that applies respectively to its entities. The South African account page lists MetaTrader 5 for both One Account and Scope Invest, so MT4 availability should be confirmed with the broker before opening an account.
The honest position on MT4
- The Scope Markets group describes access to its markets through a suite of platforms that includes MetaTrader 4, MetaTrader 5, CQG, IRESS and Bloomberg — but it states this applies respectively to its entities, not to every client.
- On the South African account page, both live configurations — One Account and Scope Invest — list MetaTrader 5 as the platform.
- So a South African trader who specifically wants MetaTrader 4 should confirm availability with the broker before opening an account rather than assume it from the group-level list.
- MetaTrader 4 remains the older of the two terminals: four pending order types against six, nine timeframes against 21, and no built-in economic calendar tab.
- Anything built for MetaTrader 4 does not carry across to MetaTrader 5 unchanged — the two terminals use different programming languages, so custom indicators have to be rebuilt.
MetaTrader 4 against MetaTrader 5
| Feature | MetaTrader 4 | MetaTrader 5 |
|---|---|---|
| Pending order types | 4 | 6 |
| Technical indicators | 30 | 38 |
| Graphical objects | 31 | 44 |
| Timeframes | 9 | 21 |
| Built-in economic calendar | No | Yes |
| Position accounting | Hedging | Netting and hedging |
Frequently asked questions
Does Scope Markets offer MetaTrader 4 in South Africa?
The South African account page states MetaTrader 5 for both live configurations. MetaTrader 4 is named in the group's platform suite, which the group says applies respectively to its entities — so confirm it with the broker directly.
What is the practical difference between MT4 and MT5?
MetaTrader 5 adds pending order types, timeframes, indicators and graphical objects, and it carries a built-in economic calendar. MetaTrader 4 is the older, lighter terminal.
Can MT4 tools be moved to MT5?
Not directly. The two terminals use different programming languages, so custom indicators and scripts have to be rebuilt.