|
Differences between Mainnet USDT Perpetuals and MT4 USDT Perpetuals |
||
| Mainnet USDT Perpetuals | MT4 USDT Perpetuals | |
| Platforms Available | Web Platform iOS Android |
Windows (Desktop Platform) Web Platform iOS Android |
| Fees | ||
| Trading Fees | Depending on the order execution type and VIP Level, each trade will either incur a maker or taker fee | All trades will incur commission based on the Taker fee rate, based on your VIP Level |
| Funding Fees | Charged every 8 hours | Charged every 8 hours |
| Trading Contract Rules | ||
| Order Types | Market Limit Conditional Trailing Stop |
Market Limit Stop Trailing Stop |
| Leverage | Flexible Leverage (Up to 100X) | Fixed and unique leverage for each symbols |
| Margin Modes | Isolated and Cross Margin Mode | Neither. MT4's margin mode is similar to cross margin with some minor differences |
| Risk-Limit | Please refer here to see Bybit USDT Perpetuals Risk Limit. | MT4 applies a tiered margin for traders who exceed certain position sizes. Click here to learn more about MT4’s Tiered Margin. |
| Hedging | Allows Hedging. Hedged positions occupy margin from both legs of the trade. Refer here to how margin is calculated on Hedged positions | Allows Hedging. In the event of a hedged position, the margin requirement would be based on the "larger margin" leg between the two position(s). |
| Margin Utilization(Active Orders) | Active Orders take up margin from the user's Available Balance. | Active Orders do not take up additional margin |
| Liquidation | Occurs when Mark Price reaches Liquidation Price. Liquidated positions would be settled based on Bankruptcy Prices. | Occurs when Margin Level % falls below 100%. MT4 uses Bid/Ask Prices for liquidation settlements |
| Expert Advisors | ||
| Expert Advisor (EAs) | No. Users will need to connect to Bybit's API and create their own algorithm coding logic instead | Yes. Users may import their favorite EAs from external MT4 broker platforms |
| Others | ||
| Signals/Copy Trading | No. | Users can decide to connect to a signal provider and automatically copy trades of professional traders |
| Marketplace | No. | MT4 offers a Marketplace for users to Buy/Sell any robots or indicators directly within the platform |
| Indicators | Default indicators from TradingView | Highly customizable indicators. Alternatively, users may download directly from MQL4 forums or marketplace |
Differences between trading on MT4 versus Bybit’s Mainnet Platform
