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MetaTrader platform provides a wide range of different features, which allows great flexibility in the administration of the various activities of the operator.
Heya, can i just add that this information source is definitely legit… on two other threads an “honorary” member kept disputing it as fake… (which is absurd if you really know the market, than you would know about forex magnates), anyway heres my contribution directly from MetaQuote’s support centre (MT4’s web) which also supports your information.
Thanks for this informative post. Any updates with this?
are there more platforms aside from above mentioned companies that uses MT4?
Yeah, there are many different platforms around. MT4 is simply, arguably, the most popular. Look around and compare brokers and platforms. Most importantly, try them out with demo accounts to see which one you like the most.
This might sound strange to forex traders but think or swim platform from td ameritrade is pretty good. Not only is their computer platform good. Their tablet version blows MT4 away.
This will be a trend in trading most people nowadays travel a lot,
that’s why there going to need platforms that suits their traveling needs, hand carry gadgets will be in demand for traders.
But don’t forget to main reasons of platforms are to provides information such as quotes and charts, and includes an interface for entering orders to be executed by the broker.
I think platforms like the one mentioned by Beachbumm and from brokers like FXCM are web based which also come with apps for other devices, but i think their bases are still MT4 or a similiar terminal. It just links a web-based interface to the server terminal so you can trade anywhere as opposed to requiring a client terminal wherever you go.
[QUOTE=“edbogosian;571820”]Yeah, there are many different platforms around. MT4 is simply, arguably, the most popular. Look around and compare brokers and platforms. Most importantly, try them out with demo accounts to see which one you like the most.[/QUOTE]
There are a few reasons why mt4 dominate this market.
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Price - the cost or building your own platform is a lot more expensive than simply getting a license from mt4 for about $100,000 a year not to mention that many brokers get their license by white labeling other brokers!
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Familiarity - if you are a new brokerage starting out mt4 is the best because it is so popular and well known it would present a massive risk starting with their own platform or a less well known platform ie jforex, ninja trader etc all well known but not as widely accepted.
3 - attract new clients, when you’re an mt4 broker you’re always looking to expand and with mt4 you can take clients from other brokers without any learning curve for the client. Making it easier to acquire clients.
yeah i think so. MT4 is good platform . i think the most trade use MT4 for trading forex . we can see it on many device as Android device, windows device, IOS device. the important thing of MT4 it is easy to use and analysis.
Hi guys,
I recommend to use RockFx and MT4. It’s really user friendly and you can try it for free.
Alex
Well, I think that MT4 is the most usable platform, you can find and add many indicators that’s not includes in MT4. Another plus is MT4 also developed for android devices. And about broker - I use GAINSY, they have not a little commissions (2$ for opening order and 2$ for closing), but they have a quick executions of orders and low spread, so I am satisfied by their work and by my profit))). Oh, and they has its own platforms (web and android) but only for premium accounts(
As for me, MT4 is the best one.
As of now mt4 seems to be the best trading platform based on the amount of indicators and trading system you can use. Search up forexwinners on google and visit the site. They have a whole bunch of interesting indicators and trading systems.
I only know MT4 and MT5, which were made by MetaQuotes Team. I think MT4 is the best platform since every broker use it and seems there is no opponent. But I can say that MT4 has a bad interface ever… It looks like the class software in Windows 98 era.
Well, let’s think about next: What do you need more while you’re trade? Nice interface or quick opening and closing your orders? That’s why MT4 works quick and that’s why MT4 is the best trading software! I think, If your PC will work slow, and your deals will be opened and closed with non-profitable price because “You have NICE interface of software” you’ll delete the last one) and install something not so nice but “quick in uptake”. Of course, the speed of executions depends not only from your PC, but if you can not affect the brokers processing speed, then at least not clog the memory of your computer
I have been trading for 17yrs and I suggest you use MT4. It’s simple to use and gets the job done. Some fx brokers offer their own trading platform to place your orders but I would never use one of those. Never!
Ya, MT4 is the best for me as well.
Hi All,
Have none of you been having problems with the latest MT4 builds 600 and 610.
I am having loads of problems with frozen indicators, that never move from being added. To EA’s reverting to default values when compiling a new indicator. And when using the strategy tester no matter what pair or timeframe I am trying to test, it say’s I am testing M30 GBPUSD.
I personally would be scared place live trades at the moment.
Regards, Trader9.
Hi Mate,
Update to 615 which will solve many problems but still many indicators have to be changed because Metaquotes has implemented OOP ( object oriented programming ) in the new MQL4. Most indicators or experts can be fixed in a few minutes. This might be a headache for the average user but from the developer perspective we can build more complex systems much easier and our experts won’t be so easy to be decompiled.