Is it possible to convert from MT4 to MT5?

<p id="isPasted">In 2026, you cannot directly "upgrade" or "transfer" an account from MetaTrader 4 (MT4) to MetaTrader 5 (MT5), but you can migrate your funds and trading tools through separate processes.&nbsp;</p><p><strong>Trading Accounts and Funds</strong></p><ul><li>Independent Accounts: MT4 and MT5 are built on different architectures. You cannot log into an MT5 terminal using MT4 credentials. You must open a new, separate MT5 account with your broker.</li><li>Fund Transfers: Most brokers allow you to transfer funds internally between your MT4 and MT5 accounts via their client dashboard or members area.</li><li>Trading History: Your MT4 trading history will remain on the MT4 server and cannot be merged into your new MT5 account history. </li></ul><p><strong>Expert Advisors (EAs) and Indicators</strong></p><ul><li>Code Incompatibility: MT4 uses the MQL4 programming language, while MT5 uses MQL5. They are not compatible; custom indicators and EAs must be rewritten or modified to work on the new platform.</li></ul><p><strong>Conversion Tools:</strong></p><ul><li>Automated Utilities: Some scripts and online converters exist (like mt4converter.com or specific MQL libraries like mq4.mqh), but they often produce errors that require manual fixing.</li><li>Manual Rewriting: For complex EAs, professional developers generally recommend a manual rewrite to ensure logic remains accurate, as automatic tools often fail to convert advanced features correctly.</li><li>Templates and Profiles: These files (.tpl) cannot be transferred directly. You must manually recreate your chart layouts and saved profiles in the MT5 environment. </li></ul><p><strong>Migration Checklist</strong></p><ul><li>Open an MT5 Account: Register a new account through your broker's portal.</li><li>Move Funds: Use the broker’s internal transfer feature to move your balance.</li><li>Audit Your Tools: Check if MQL5 versions of your indicators and EAs already exist in the MQL5 Marketplace.</li><li>Re-setup Charts: Download the MT5 terminal and manually set up your indicators and timeframes. </li></ul>