MetaTrader 4

Logo Forex Broker Trust Score Min. Depo Max. Leverage Spread
RoboForex 99 $10 1:2000
Exness 98 $1 1:2000
Forex4you 98 $1 1:1000
XM 97 $5 1:888
FXOpen 96 $1 1:500
InstaForex 96 $1 1:1000
Pepperstone 96 $200 1:400
LiteFinance 96 $50 1:500
AvaTrade 96 $100 1:400
Dukascopy 96 $100 1:200
SimpleFX 95 $1 1:500
ForexMart 95 $15 1:3000
OANDA 95 $1 1:50
City Index 95 $250 1:30
XTB 95 $1 1:30
YCM-Invest 95 $200 1:200
FXCM 94 $1 1:400
IG 94 $1 1:50
CMC Markets 94 $1 1:500
FXGlory 93 $1 1:3000
FIBOGroup 93 $1 1:1000
FXDD 93 $250 1:30
ActivTrades 93 $10 1:400
GCI 93 $500 1:400
DeltaStock 93 $100 1:200
TradeView Forex 93 $100 1:400
One Financial Markets 92 $250 1:30
Ingot Brokers 92 $100 1:400
Velocity Trade 92 $1000 1:200
ATC Brokers 92 $5000 1:200
Windsor Brokers 92 $50 1:500
Finq 92 $100 1:300
FXCL 92 $1 1:1000
Admirals 91 $100 1:500
Advanced Markets 91 $100 1:200
PFD 91 $1 1:300
Royal 91 $50 1:30
AAFX Trading 90 $100 1:2000
FX Trading 90 $50 1:500
CPT Markets 90 $500 1:500
AAAFx 90 $300 1:30
ICM Brokers 89 $250 1:400
Markets.com 89 $100 1:300
HF Markets 89 $1 1:2000
Spread Co 89 $160 1:10
AccentForex 89 $50 1:500
Profiforex 87 $1 1:500
Synergy Markets 87 $100 1:500
Trader’s Way 87 $1 1:1000
IC Markets 86 $200 1:500
Grand Capital 86 $10 1:500
Axiory 86 $10 1:777
FXFlat 86 $500 1:400
ICM Capital 86 $200 1:30
easyMarkets 85 $25 1:2000
NPBFX 85 $10 1:1000
IFC Markets 85 $1 1:400
NordFX 84 $10 1:1000
Axi 84 $1 1:500
Blackwell Global 83 $1 1:200
ThinkMarkets 83 $1 1:2000
Weltrade 83 $1 1:500
GBE brokers 83 $500 1:30
Traders Trust 82 $50 1:3000
NSFX 81 $300 1:50
CLMarkets 81 $100 1:500
AMarkets 80 $100 1:3000
Swissquote 80 $1000 1:100
Hirose Financial UK 80 $1 1:30
TenkoFX 80 $10 1:500
Invast Financial Services 80 $100 1:400
Hantec Markets 80 $1000 1:30
Darwinex 80 $10000 1:200
FirewoodFX 80 $10 1:1000
Tickmill 79 $100 1:500
FX Choice 79 $100 1:200
Key To Markets 78 $100 1:500
Forex.ee 78 $10 1:500
LCG 78 $10000 1:200
PhillipCapital 77 $200 1:200
Valutrades 77 $100 1:400
FXPRIMUS 76 $15 1:1000
MTrading 76 $10 1:1000
ADSS 76 $200 1:500
Capital Index 76 $100 1:200
TrioMarkets 75 $100 1:30
Trade Nation (ex-Core Spreads) 75 $1 1:240
Alvexo 75 $500 1:300
LMFX 75 $5 1:1000
Titan FX 74 $200 1:1000
ForexChief 74 $10 1:1000
VARIANSE 74 $500 1:30
CM Trading 74 $100 1:200
SuperForex 74 $1 1:1000
AAATrade 73 $1 1:200
FX Giants 73 $100 1:30
Milton Markets 72 $50 1:1000
JFD Brokers 72 $500 1:400
BDSwiss 71 $100 1:400
Land-FX 71 $300 1:500
CIBFX 71 $500 1:200
LQDFX 71 $20 1:1000
TegasFX 70 $200 1:200
FP Markets 70 $100 1:500
Fortrade 70 $500 1:100
Ally Invest 69 $1 1:50
FXPIG 69 $200 1:500
Global Prime 69 $200 1:200
TriumphFX 69 $100 1:500
Swiss Markets 69 $200 1:500
World Forex 69 $1 1:500
Global Market Index 69 $15 1:2000
ATFX 68 $200 1:30
Big Boss 67 $1 1:1111
ETO Markets 67 $200 1:30
Equiti 67 $500 1:500
Coinexx 66 $7 1:500
Alpari 66 $1 1:1000
Libertex / Forex Club 65 $1 1:600
HYCM 65 $20 1:325
GOMarkets 65 $200 1:500
BMFN 64 $50 1:400
Vantage 63 $50 1:500
FBS 63 $5 1:3000
PaxForex 63 $10 1:500
IronFX 63 $100 1:30
Orbex 62 $100 1:500
Octa (ex-OctaFX) 62 $25 1:500
FreshForex 62 $1 1:2000
JustMarkets 62 $1 1:3000
Capital.com 62 $20 1:30
Axiance 60 $100 1:500
EagleFX 60 $10 1:500
CryptoRocket 60 $10 1:500
LonghornFX 60 $10 1:500
FxPro 59 $100 1:50
MultiBank 59 $50 1:500
CedarFX 59 $10 1:500
Trive 59 $1 1:30
INFINOX 58 $100 1:30
One Global Market 58 $500 1:30
SquaredFinancial 57 $250 1:30
ACY Securities 57 $50 1:500
Blueberry Markets 57 $100 1:500
Olymp Trade 57 $2 1:500
TIOmarkets 57 $1 1:200
Just2Trade 56 $100 1:500
XBTFX 56 $10 1:500
Purple Trading 56 $100 1:30
CMS Prime 55 $500 1:500
Scandinavian Capital Markets 55 $10000 1:100
VPFX 55 $100 1:500
Juno Markets 54 $25 1:500
Eightcap 54 $100 1:500
Fxview 54 $50 1:500
M4Markets 54 $5 1:1000
Skilling 54 $100 1:1000
Yadix 54 $100 1:500
NAGA 53 $250 1:500
Anzo Capital 53 $100 1:1000
Forex24 53 $2000 1:400
ForexTB 53 $250 1:30
Blaze Markets 52 $100 1:200
Milton Prime 51 $300 1:500
HFTrading 51 $300 1:400
XtreamForex 51 $5 1:1000
Moneta Markets 50 $50 1:500
AdroFx 50 $25 1:500
Fusion Markets 50 $1 1:500
LMAX Global 49 $10000 1:30
TMGM 49 $100 1:500
VT Markets 49 $200 1:500
AETOS 49 $50 1:200
OpoFinance 49 $100 1:500
Eurotrader 48 $50 1:500
LiquidityX 48 $250 1:30
Colmex Pro 48 $2000 1:30
Sage FX 47 $10 1:500
Number One Capital Markets 47 $1 1:1000
GANNMarkets 47 $100 1:400
RockGlobal (ex-Rockfort Markets) 45 $200 1:500
Investizo 45 $10 1:1000
Lirunex 45 $25 1:2000
Hankotrade 43 $10 1:500
Headway 43 $1 1:2000
FPG 40 $50 1:500
PU Prime 40 $20 1:1000
XB Prime 40 $10 1:500
Doto 38 $1.5 1:500
EBC 38 $50 1:500
FXTM 38 $10 1:2000
FXGlobe 38 $250 1:30
OxSecurities 37 $1 1:400
Vida Markets 36 $100 1:1000
Forex.com 35 $250 1:200
BlackBull Markets 35 $50 1:500
CapitalCore 35 $10 1:2000
MetaTrader 4 Trading Platform

MetaTrader 4 has emerged as a venerable maestro, orchestrating a symphony of features tailored for the financial markets. This platform, an elder statesman in the realm of trading, boasts a reputation for robustness and reliability. Whether you're a newbie just dipping your toes in the financial ocean or a seasoned trader surfing the big waves, let's dive deep into what MetaTrader 4 has to offer.

Application Category: FinanceApplication

Editor's Rating:
4.7

MetaTrader 4 has emerged as a venerable maestro, orchestrating a symphony of features tailored for the financial markets. This platform, an elder statesman in the realm of trading, boasts a reputation for robustness and reliability. Whether you’re a newbie just dipping your toes in the financial ocean or a seasoned trader surfing the big waves, let’s dive deep into what MetaTrader 4 has to offer.

Key Features

User Interface

First impressions count, and in trading, it’s all about the dashboard. MetaTrader 4 offers a cockpit that’s intuitive enough for beginners yet comprehensive for veterans. Its customizable charts and live quotes make it more than just a pretty face.

Tools and Resources

What’s in the toolbox? MetaTrader 4 comes packed with over 50 technical indicators, a plethora of charting tools, and a suite of Expert Advisors (EAs) for automated trading. This arsenal is what sets it apart, making it a favorite among traders who love to customize their strategies.

Assets and Markets

Are you looking at a one-trick pony or a multi-asset stallion? MetaTrader 4 is known primarily for forex trading but also supports other instruments like stocks, cryptocurrencies, and commodities, making it a versatile platform for a range of trading activities.

Ease of Use

Is it a walk in the park or a climb up Mt. Everest? For beginners, there’s a gentle slope to start with, but the platform also has the depth to keep the pros engaged. The balance between simplicity and sophistication is well-maintained.

Demo Account Availability

Practice makes profit. Yes, MetaTrader 4 offers a demo account, allowing traders to dip their toes in the market waters without the risk of a financial belly flop.

Mobile Trading

In today’s world, trading needs to be as mobile as a rolling stone. MetaTrader 4’s mobile platform is robust, offering most features available on the desktop version. It’s like having a trading floor in your pocket.

Customer Support

When the going gets tough, is support just a click away, or is it like finding a needle in a haystack? While direct support from MetaQuotes (the developer) is limited, the vast community and broker-based support fill in the gaps admirably.

Security and Regulation

Safety first! MetaTrader 4 takes this seriously with data encryption and compliance with regulatory standards. However, it’s essential to remember that the safety also depends on the broker you choose.

Fees and Charges

Let’s talk turkey. MetaTrader 4 itself does not charge fees; this is typically broker-dependent. However, it’s wise to watch out for spreads, commissions, and overnight fees that brokers might impose.

Pros and Cons

Pros

  1. User-friendly Interface: Ideal for both beginners and experienced traders.
  2. Wide Range of Tools: Extensive selection of technical indicators and charting tools.
  3. Automated Trading: Supports Expert Advisors for automated strategies.
  4. Multi-Asset Trading: Offers trading in forex, stocks, crypto, and more.
  5. Demo Account: Practice trading without risk.
  6. Mobile Trading: Comprehensive mobile application.

Cons

  1. Outdated Design: The interface, while functional, feels a bit dated.
  2. Limited Direct Support: Reliance on brokers and community for support.
  3. Complex for Absolute Beginners: Might be overwhelming for complete novices.

Conclusion

In the grand ocean of trading platforms, MetaTrader 4 stands as a lighthouse, guiding traders through the choppy waters of financial markets. Its blend of simplicity and depth makes it appealing to a broad spectrum of traders. While it might not be the shiny new yacht in the marina, it’s the reliable vessel many choose for their trading journey. Whether MetaTrader 4 is your gateway to the El Dorado of trading or just another tool in your arsenal, it’s undoubtedly a platform that deserves its standing ovation in the financial world.

Frequently Asked Questions about MetaTrader 4 Trading Platform

Absolutely! MetaTrader 4 is designed to be user-friendly, making it an ideal choice for beginners. Its intuitive interface allows new traders to navigate the platform easily, and the availability of a demo account means beginners can practice trading without any financial risk.

Yes, you can. While MetaTrader 4 is renowned for its forex trading capabilities, it also supports a variety of other asset classes including stocks, cryptocurrencies, and commodities. This makes it a versatile platform for traders interested in multiple markets.

Yes, it does. MetaTrader 4 is well-known for its automated trading features. It supports Expert Advisors (EAs), which are programs that enable automated trading based on predefined strategies. This is a major draw for traders who prefer algorithmic trading.

The MetaTrader 4 mobile app is highly functional and offers most of the features available on the desktop version. It’s a robust solution for traders who need to manage their trades on the go.

Direct customer support from MetaQuotes, the developer of MetaTrader 4, is limited. However, a vast community of users and broker-based support systems typically provide the necessary assistance. Traders can often find help through forums and from their chosen brokers.

MetaTrader 4 itself does not charge any fees for its use. However, traders need to be aware of the fees imposed by their chosen brokers, which can include spreads, commissions, and overnight fees.

Yes, MetaTrader 4 offers a demo account feature. This allows traders to practice and get a feel for the platform using virtual money, without any real financial risk.

MetaTrader 4 takes security seriously with features like data encryption. However, it’s important to note that the overall security also depends on the broker you are using. Always ensure that your broker is reputable and complies with regulatory standards.

The user interface of MetaTrader 4 is generally considered user-friendly and easy to navigate. It’s designed to cater to both beginners and experienced traders, although some users find the design a bit dated.

The main disadvantages include its somewhat outdated design, limited direct support from the developers, and the potential complexity for absolute beginners. However, these are often offset by the platform’s extensive features and reliability.