Widely regarded as the benchmark of trading systems, it is a free application for trading forex and other investment derivatives such as CFDs, commodities, indices, equities, and currencies. Here is what you should know about MetaTrader 4.
Retail traders can access it via specialised brokers that have specifically licenced the platform. As per MetaQuotes Software, the system is offered through more than 750 dealers and institutions and serves millions of traders.
Who Is It Intended For?
MetaTrader4 has plenty to provide each trader. Evaluate what it could do to help both novice and experienced traders. Certainly, a Meta 4 trial would be beneficial, but you must first understand everything MetaTrader can accomplish for you.
Beginners
It is perfect for beginners because of its simple design, decent UI, and features such as duplicate trading and Advisors.
Because most brokers provide this as a standalone platform or as a supplement to their own proprietary platform, you’ll have access to a variety of instructional resources and forex management software lessons. A fully working demo account provides excellent help for new traders.
Pricing
Is it available for free?
Yes. It is available for free download from the internet. On the first activation, you will be requested to establish a free subscription in order to try all the trading system’s capabilities.
When you’re using a trader to connect the system, the firm may provide it for free or increase its margin to compensate for the usage of either the standard or Pro account.
Customer Service
The MetaTrader 4 website offers a help subject page that gives information under many headings such as starting up, client interface settings, user experience, interacting with charts, statistics, dealing, auto trading, resources, articles, indicators, market, and hosting services.
The Ease of Use
You’ll be operating it as quickly as possible after downloading the platform. Despite its complex functionality, its user interface is welcoming and accessible. The ability to place orders directly from the data assures swift implementation and permits you to capitalise on profit-making chances.
Research Providers
Third-party research is not available on the site. The platform’s economic notifications and features keep traders up to date on changes in market conditions, information from markets and significant financial institutions, bank rate announcements, and international happenings.
To transmit quotations and media, you must first build a simple plugin, which acts as a gateway linking the system to statement and news sources. Feeds have already been developed for major quotation and news sources such as IB Times, Dow Jones, Trading Central, MNI, Claws and Horns, Bloomberg, and others. To use the API, you may construct your own feed.
Research Providers
Third-party research is not available on the site. The platform’s economic notifications and features keep traders up to date on changes in market conditions, information from markets and significant financial institutions, bank rate announcements, and international happenings.
To transmit quotations and media, you must first build a simple plugin, which acts as a gateway linking the system to statements and news sources. Feeds have already been developed for major quotation and news sources such as IB Times, Dow Jones, Trading Central, MNI, Claws and Horns, Bloomberg, and others. To use the API, you may construct your own feed.
Is it safe to use?
It is fair that when dealing with significant sums of money, you like to ensure that your funds and personal info are safe and protected. Cyber-attacks and extortion are two of the most serious hazards associated with FX trading.
MetaTrader 4 is risk-free. It protects all information between both the client and the host and hides your IP address when you engage or trade here on this site.
