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MetaTrader 4

Several trading platforms currently exist in the foreign exchange (FX) space. Without a doubt the most popular of these is the MetaTrader 4 (MT4) platform.MT4 operates as a multi-asset trading platform for not only FX, but equities and commodities as well. The platform is also utilized for analyzing various financial markets, and using expert advisors, making it highly versatile for users.While MT4 has been the de-facto trading platform since 2015, many brokers have now migrated to a newer variant, the MT5 platform. Even with the emergence of MT5, MT4 is widely used in the online retail foreign exchange space by traders since its inception by MetaQuotes Software.This software is licensed to FX brokers that offer the software to their clients and consists of both a client and server component. Why Traders Use MT4Additionally, the server component is run by the broker and the client software is provided to the broker’s customers. Users can use it to see live streaming prices and charts, to place orders, and to manage their accounts. This includes mobile trading capabilities and advanced trading signals. MT4 has retained its popularity due to the ability to bolster traders’ experiences with the platform. MT4 has also dominated the field of FX traders due in large part to its ability for end users to write their own trading scripts and robots that could automate trading. This has been a large advantage for brokers, who have made this platform the industry standard for over a decade.Currently, millions of traders use MT4 globally for their trading needs making it one of the most successful platforms of all time. MT4 also caters to a broad spectrum of traders of all skill levels, adding to its flexibility amongst brokers.The platform leverages advanced technical analysis, flexible trading system, algorithmic trading and expert advisors, as well as mobile trading applications. At the time of writing, MetaTrader supports over 30 languages while the installation takes no more than a few minutes to complete. MT4 is also a versatile program for brokers, given its availability on Windows, MacOS, and Linux.

Several trading platforms currently exist in the foreign exchange (FX) space. Without a doubt the most popular of these is the MetaTrader 4 (MT4) platform.

MT4 operates as a multi-asset trading platform for not only FX, but equities and commodities as well.

The platform is also utilized for analyzing various financial markets, and using expert advisors, making it highly versatile for users.

While MT4 has been the de-facto trading platform since 2015, many brokers have now migrated to a newer variant, the MT5 platform.

Even with the emergence of MT5, MT4 is widely used in the online retail foreign exchange space by traders since its inception by MetaQuotes Software.

This software is licensed to FX brokers that offer the software to their clients and consists of both a client and server component.

Why Traders Use MT4

Additionally, the server component is run by the broker and the client software is provided to the broker’s customers.

Users can use it to see live streaming prices and charts, to place orders, and to manage their accounts.

This includes mobile trading capabilities and advanced trading signals. MT4 has retained its popularity due to the ability to bolster traders’ experiences with the platform.

MT4 has also dominated the field of FX traders due in large part to its ability for end users to write their own trading scripts and robots that could automate trading.

This has been a large advantage for brokers, who have made this platform the industry standard for over a decade.

Currently, millions of traders use MT4 globally for their trading needs making it one of the most successful platforms of all time.

MT4 also caters to a broad spectrum of traders of all skill levels, adding to its flexibility amongst brokers.

The platform leverages advanced technical analysis, flexible trading system, algorithmic trading and expert advisors, as well as mobile trading applications.

At the time of writing, MetaTrader supports over 30 languages while the installation takes no more than a few minutes to complete.

MT4 is also a versatile program for brokers, given its availability on Windows, MacOS, and Linux.