MT4 Forex brokers is the largest collection of Forex brokers, simply because today almost all brokerage firms offer this particular, very popular platform for their clients. Because of the features and performance, traders trust MT4 platform the most, and this is the reason why almost every single online broker has integrated MT4 into their system.
MetaTrader 4 offers the leading trading and analytical technologies, as well as additional services. It has everything you need for Forex trading.
For a new trader, seeking a good broker only based on whether MT4 is available or not, is extremely difficult. If all companies offer the platform, how can you possibly compare and choose the best one? Our suggestion is to include other important factors in your comparison such as minimum deposit, broker trading environment such as ECN, STP or Market maker. You can also focus on whether the broker is regulated or not, what are the minimum average spreads for major currency pairs, is cryptocurrency such as bitcoin available, available payment methods such as Skrill and Paypal and much more.
Couldn’t find your MT4 Forex broker in our list? Write a comment below and suggest your company.
Obviously MT4 is not the only Forex platform offered to traders today. There are lot of other interesting variations, including Social Trading platforms and web-based platforms you can choose from, all very user-friendly, filled with various features and outstanding performance. With that being said, no matter how you look at it, almost all Forex brokers have Meta Trader interface.
There are various cases when Forex brokers would come up with ultra-advanced innovative in-house tailor made platforms such as FxTrade by Oanda, or cTrader by Papperstone for example, but at the end almost all of them fell down on their knees and added MT4 to their trading platform options. The only social trading network that didn’t budge is eToro – it has it own thing going on and doesn’t need typical and popular interface, simply because it doesn’t fit their marketing strategy – which is, of course, copy trading and follow other traders (all of which is impossible with Metatrader 4).
We can all see it and so can Forex brokers – MT4 platform has conquered the world by its simplicity and something else extremely useful and wanted among clients – the ability to create custom indicators and expert advisors. You might argue that MT4 is not the only platform that allows it, however MT4 performance does over shine all the rest with one single blow. MT4 indicators and EAs are for free, many new ones are being written and all can be found at one of the largest MT4 community Codebase mql5.com. If that’s not attractive to new comers and experienced traders – we don’t know what is!
So now you know the main reason why Forex brokers are holding tight to MT4 platform in order to make clients happy. You do want to follow the trend and Forex trading community rules MT4 to be the most wanted!
MT4 on a dedicated server – VPS for MT4 clients
Since MT4 platform is downloadable, the problem arises when you are away from your computer and cannot alter, control or add orders. Then the solution came along in a simple form of Virtual Private Server VPS and solved the problem in a second. Today you just have to install MT4 platform on your VPS and it is available to you any time of the day and week without interruptions.
MT4 platform today works with one-click trading
We have entered a new era where the most wanted feature to MT4 platform has been born – One click trading. Now you do not have to wait or click millions of times before making a trade. Today traders simply work their majic through charts with single click. This is one of the greatest features of the platform and we all love it. One-click trading is attractive to all MT4 users beccause it definitely improves your trading experience and provides you peace of mind during trading hours.
The best Forex trading platform
MetaTrader 4 is a platform for trading Forex, analyzing financial markets and using Expert Advisors. Mobile trading, Trading Signals and the Market are the integral parts of MetaTrader 4 that enhance your Forex trading experience.
MetaTrader 4 Web Trading
Trade Forex directly from your browser
The MetaTrader 4 web platform allows you to trade Forex from any browser and operating system (Windows, Mac, Linux) with no additional software. Access your account and start trading in just a couple of clicks. All you need is Internet connection.
The MetaTrader 4 web version has all the advantages of the native solution since it is a regular part of the desktop platform. This ensures the web platform’s high reliability and compatibility with the entire MetaTrader 4 ecosystem. The application is safe to use – all transmitted data is securely encrypted.
The MetaTrader 4 trading system
The powerful MetaTrader 4 trading system allows you to implement strategies of any complexity.
The Market and pending orders, Instant Execution and trading from a chart, stop orders and trailing stop, a tick chart and trading history — all these tools are at your disposal.
With MetaTrader 4, trading becomes flexible and convenient.
- 3 execution modes
- 2 market orders
- 4 pending orders
- 2 stop orders and a trailing stop
The MetaTrader 4 analytics
Analytical functions are one of the MetaTrader 4 platform’s strongest points.
Online quotes and interactive charts with 9 periods allow you to examine quotes in all the details quickly responding to any price changes.
23 analytical objects and 30 built-in technical indicators greatly simplify this task. However, they are only the tip of the iceberg.
The free Code Base and built-in Market provide thousands of additional indicators rising the amount of analytical options up to the sky. If there is a movement in the market, you have the analytical tools to detect it and react in a timely manner.
- Interactive charts
- 9 timeframes
- 23 analytical objects
- 30 technical indicators
Trading signals and copy trading
Copying trades of successful traders, or social trading
Trading Signals in MetaTrader 4 allow you to automatically copy the deals performed by other traders in real time. Many successful traders provide their Forex trades in public access either for free or for a reasonable fee, becoming signal providers.
Use Forex VPS to copy trades 24 hours a day
The showcase of 3 200+ free and commercial signals can be found on the website and on the Signals tab of your trading platform. For your convenience, all signal providers are sorted by their trading results. The most successful ones are displayed at the top of the list. Select your signal provider, subscribe to their signal and start copying their deals both on demo and real accounts without leaving MetaTrader 4. The signal does all the work for you according to the parameters of trading you will set!
If you are a successful trader and want to earn extra income, become a signal provider! Share your trading strategy with millions of other traders and earn fees from your subscribers.
The MetaTrader Market
The built-in Market is the best place to find an Expert Advisor or a newest technical indicator.
Buy any of the hundreds of trading robots or indicators and launch them without leaving the platform. The purchase is simple, transparent and secure.
- the widest selection of trading applications in the world
- 1 700+ trading robots and 2 100+ technical indicators
- free and commercial products
Development of trading robots and technical indicators
Algorithmic trading (automated trading) is one of the strongest features of MetaTrader 4 allowing you to develop, test and apply Expert Advisors and technical indicators. It eliminates any obstacles in analytical and trading activity.
The platform features the MQL4 IDE (Integrated Development Environment) allowing you to develop Expert Advisors (trading robots) and technical indicators of any complexity. Its core is MQL4 object-oriented programming language for trading strategy development. It offers high efficiency, flexibility and functionality.
The built-in MetaEditor is designed for the development of trading strategies in MQL4. It also has the debugger. Compilation is also performed in the editor. After that, the application is automatically moved to MetaTrader 4 where it can be tested or optimized in the Strategy tester, which is yet another MQL4 IDE component. The MetaTrader 4 platform runs trading applications, and thus it is the last component of the environment.
So, in MetaTrader 4, your indicator analyzes the markets, while an Expert Advisor trades in them. But that is not all. You can use your ready-made product in a few other ways:
- publish it in the Code Base, so that millions of traders can download it for free
- sell it in the Market
- deliver it to your customer via Freelance service and receive a payment for your work
In other words, MetaTrader 4 gives you the broadest opportunities for the development of Expert Advisors and technical indicators. Besides, with MetaTrader 4, you receive additional services allowing you to fully utilize your programming talents.
Smartphones and tablets are indispensable in trading when you are away from your computer.
Use the mobile versions of MetaTrader 4 on your iPhone/iPad and Android devices to trade in the financial markets.
You will certainly appreciate the functionality of the mobile trading platforms that include the full support for the trading functions, broad analytical capabilities with technical indicators and other graphical objects. Of course, all these features are available from anywhere in the world 24 hours a day.
- Support for iOS and Android OS
- Full set of trading orders
- Analytics and technical indicators
Alerts and financial news
The latest financial news allows you to prepare for unexpected price movements and make the right trading decisions.
Alerts inform you about certain events, so that you can take appropriate measures.
- Current financial information
- Timely notification
- Different market conditions
Pros and Cons of MetaTrader
No trading software in the world is perfect and each is bound to have its own strengths and weakness. The same goes for the MT4 trading platform. While MT4 have numerous advantages, it also comes with its own weakness.
|Easy to deployFree Trading SoftwareLots of third party supportWidely adopted by hundreds of brokers around the worldGood charting packageOption to add Expert Advisors (EA)MT4 is very common around the world and therefore there are many guides and support for its users||Custom time frames unavailable for the chartsMQL4 language is not bug freeMQL4 language only applicable for trade related programmingUnsuitable for high frequency trading operations|