When trading with JustMarkets in Nigeria, choosing the right platform is essential. Two of the most popular platforms provided are MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Many Nigerian traders, both beginners and pros, often ask: “Which is better for me on JustMarkets – MT4 or MT5?”
In this article, we’ll break down the key differences, features, and benefits of each platform specifically for Nigerian users. Whether you trade forex, gold (XAUUSD), or crypto, this guide will help you make the right decision.
What is MetaTrader 4 (MT4)?
MetaTrader 4, or MT4, is the most popular forex trading platform in the world. On JustMarkets Nigeria, it’s widely used due to its simplicity and speed.
Key Features of MT4:
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Fast execution (great for scalping)
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User-friendly interface
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Hundreds of custom indicators
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Low system requirements (works well on low-data internet)
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Compatible with EAs (Expert Advisors)
Best For: Forex traders, beginners, and those with low internet speeds.
What is MetaTrader 5 (MT5)?
MetaTrader 5, or MT5, is the upgraded version of MT4. On JustMarkets, it supports more markets like stocks, indices, and crypto.
Key Features of MT5:
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Supports more instruments (stocks, crypto, CFDs)
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Economic calendar integration
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Faster backtesting for EAs
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More timeframes and technical indicators
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Built-in depth of market (DOM)
Best For: Multi-asset traders, advanced users, and those who want more technical features.
MT4 vs MT5 on JustMarkets – Side-by-Side Comparison
| Feature | MT4 | MT5 |
|---|---|---|
| Asset Types Supported | Forex, Metals | Forex, Metals, Stocks, Indices, Crypto |
| Interface Simplicity | Very simple | Slightly complex |
| Expert Advisors (EAs) | Supported | Supported |
| Timeframes | 9 | 21 |
| Technical Indicators | 30 (default) | 38 (default) |
| Economic Calendar | No | Yes |
| System Requirements | Low | Higher |
| Recommended for Nigerians | Beginners, Forex-only traders | Advanced, Multi-asset traders |
Which One Should Nigerian Traders Choose?
If you’re a beginner trader in Nigeria, MT4 is the best starting point. It’s light on data usage, works well on 3G or 4G networks, and is perfect for forex-only traders.
However, if you want to explore stocks, crypto, or indices — or if you’re using more advanced analysis tools — then MT5 is a better choice.
Good news? JustMarkets Nigeria supports both MT4 and MT5 on mobile, desktop, and web platforms, so you can always switch later.
How to Download MT4 or MT5 on JustMarkets Nigeria
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Click “Platforms” from the top menu
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Choose either MetaTrader 4 or MetaTrader 5
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Select your preferred version: Windows, Mac, Android, or iPhone
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Download and install
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Log in using your JustMarkets account credentials
Conclusion
For Nigerian traders, both MT4 and MT5 offer great opportunities on JustMarkets. Your choice depends on your trading style, goals, and experience level.
✅ MT4 is best for: beginner traders, forex-only focus
✅ MT5 is best for: advanced users, traders who want more assets and features
Whichever you choose, JustMarkets provides excellent support, fast execution, and local funding options for Nigerian users.