- Simple user interface
- One-click execution
- Limit Order functionality
- Real-time quotes with instant re-quotes
- Robust built-in technical indicators and tools
- Available on multiple platforms from desktop to mobile
- Works seamlessly with robots and EAs
MetaTrader 4, also referred to MT4, is a broadly used electronic platform designed for retail foreign exchange. It was created by a MetaQuotes Software Corp, a Russian software company, which currently licenses the software to approximately 500 banks and brokers worldwide. MT4 was released in 2005 and is very popular with forex traders; particularly because of its easy-to-use features including its ability to enable automated trading. It allows users to create their individual trading scripts as well as trading robots – often referred to as expert advisors. For most investors and online traders, whether in trading forex or even CFDs, MetaTrader 4 is surely a must-have tool.
Other than being considered the most prevalent online trading platform for gaining access to the global market, MT4 is also regarded as an extremely efficient tool for retail foreign exchange trading. This is because it was specially created for individual online traders. An electronic or online trading platform is a software program used to place different trading orders for numerous financial instruments via a network with brokerage companies or financial institutions that function as financial intermediaries. These financial institutions facilitate online transactions amongst sellers and buyers by executing the trades. With MT4, an online investor can trade on current/live market prices that are being streamed on different trading platforms and can increase their profit potential using additional trading tools offered. The tools offered by these platforms include live news feeds, trading account management, and charting packages including trading robots.
MT4 gives online investors the option to trade on multiple asset classes ranging from forex (currency trading), Contracts for Difference (CFDs) for individual stocks (shares), stock indices, precious metals, energies and commodities.
Whether for beginner, more advanced or professional online traders, MT4 has opened up new perspectives to not just trade but also gain better visibility across different markets and different asset classes.
Moreover, in the 21st century, the ability for online investors to trade various financial assets from one account offers the benefit of strategic asset allocation (or asset management), with the primary aim to allocate the invested capital in several different assets and manage risk according to market volatility, as well as according to how those assets perform in the short or in the long run.
The multi-functionality of the MT4 platform includes powerful features, which were all developed with state-of-the-art technology and by keeping several major criteria in mind, the most important ones being the same second to none charting package, the possibilities and flexibility of automated trading (algorithmic trading) and now a diversity of markets supported.
For both beginner and professional traders MT4 ensures platform features and functionalities that are in line with the highest expectations of any online investor today. These include the variety of pending order types (buy limit, buy stop, sell limit, sell stop, buy stop limit, sell stop limit); a database that holds an unlimited number of trade positions that can be placed and the cutting-edge programming language MQL5 that allows traders to program their own trading robots and indicators customized to their individual trading preferences and choice of financial assets to trade on.
The MT4 suite comes with apps for both iOS and Android devices that offer full access to your account while on the go, with features including the unrivalled mobile chart plus technical analysis options with over 30 built-in indicators and 24 analytical objects.