Are MT4 Demo Accounts in real time?

Beginner Questions
1

hi pros,
I’d started trading with the Mt4 platform and have a good system, and I want to know: is the metaquotes demo server with realtime charts or is there a delay?
is there a problem with trading on the demo accounts?
i’d read a lot of posts they searching for a good broker for a demo account…
is the metaquotes demo server serious?

  • Flo
2

Yes, MT4 demo accounts are real time, with no delays. I trade live with Oanda while doing all my charting on an MT4 demo. I’ve never had any problems.

3

Ac-markets just released their MT4 platform, has anyone try it? I read a lot a bout that platform in the forum but nobody uses my broker�.
Is it the same platform with all brokers??
Thanks!

4

Mt4 is a good platform you can program your indicators oder eas at your own, and a lot of brokers use it. but not all.
it’s like a lot of people is using windows, but others use mac or linux :slight_smile:
there are several trading strategys with special indicators you can use only with mt4, not with other software.

i think it’s a good combination if your broker hasn’t mt4 so you can use the demo like phil838 :smiley:

5

Yeah, MT4 is the same no matter who your broker is. There’s no need to talk to other people using MT4 on your specific broker, it will be 99% the same as everyones else’s MT4.

The only differences will be the small broker specific things like time zone, 4 or 5 decimals, different spreads, etc…

6

So the rates, the time zone, the fifth decimal (my broker has it) and the spreads will be the same as if I was trading on my regular advanced trader platform, is that what you mean?

And the fact that this MT4 platform is a software provided by a �third party�, it means the brokers have to pay a fee for it?
I ask because my broker owns the software for their regular platforms and I know they are the only who does, so I don�t know how it works when they have to buy a new one.

Thanks so much for replying :slight_smile:

7

Correct, except the rate quotes on a live and demo account may be off by a few pips (less than 5). This is normal and nothing to worry about. Since forex is OTC no two brokers or data feeds will ever be 100% the same, but they should be extremely close…

And yes, brokers do pay MetaQuotes Software for the rights to use MT4. :slight_smile: