Is mt4 platform only for forex trading


MetaTrader 4 is a platform for trading Forex, analyzing financial markets and using Expert Advisors. Mobile trading, Trading Signals and the Market are the integral parts of MetaTrader 4 that enhance your Forex trading

Foreign exchange market

The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the Credit market.

experience. Millions of traders with a wide range of needs choose MetaTrader 4 to trade in the market.

Although it is most commonly associated with forex trading, MetaTrader 4 can be used to trade a range of markets including forex.


How can I download MT4?

How to download MT4 for iOS

  • Visit the app store
  • Type in ‘MetaTrader 4’
  • Select the MetaTrader 4 app
  • Click ‘get’
  • Open the MT4 app on your iOS device and sign in with your IG account

How to install MT4 on computer within 5 minutes?

Install Metatrader 4. Click OK to start the installation. The installation wizard will download the required files from Metaquotes Data Network and install them onto your PC. Have a bit of patience at this step please. 5.

What is the Best Forex trading platform for beginners?

Top 10 Beginner Forex Trading Platforms

  • Has The Best Forex Platforms For Beginner Traders. …
  • Plus500 Platform Has The Best CFD Products For Beginners. …
  • Pepperstone Is The Best Forex Broker with MetaTrader 4. …
  • ThinkMarkets Is A Great Forex Broker For Beginners. …
  • eToro Is Top Social Trading Platform For Beginners. …
  • IC Markets Has ECN Pricing. …

More items…

What are the top Forex trading platforms?


  • Markets to Trade. IG offers an impressive selection of over 17,000 tradable assets including indices, stocks, forex, commodities, and cryptocurrency.
  • Trading Platforms. The IG web trading platform is created to offer traders a fast, clear, and smart way to trade spot forex via a web browser.
  • Key Features. …
  • Regulation. …
  • Fees. …

Do you need forex to trade MT4?

No. MetaTrader 4 is a third-party trading platform that connects to a broker for forex trading. MetaTrader 4 is the most popular third-party platform for trading forex. MT4 alternatives do exist, and cTrader is an example of another popular trading platform.

Can I use MT4 to trade stocks?

The actual trading of these stocks on the MT4 platform is very much the same as other assets in terms of how to place an order using the platform. As with other instruments, traders can either buy or sell a stock.

Is MetaTrader a trading platform?

Simply the most convenient Forex trading platform MetaTrader 4 is a platform for trading Forex, analyzing financial markets and using Expert Advisors.

Is MT4 better than forex?

MT4 was designed specifically for forex traders, and its features and functionality reflect this. For this reason, MT4 is the preferred software platform for traders primarily focused on the forex market. MT5 has broader applications in contract-for-difference (CFD), stock, and futures trading.

What can you trade on MT4?

MetaTrader 4 (MT4) is a trading platform developed by MetaQuotes in 2005. Although it is most commonly associated with forex trading, MetaTrader 4 can be used to trade a range of markets including forex.

What is MetaTrader used for?

MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients.

Can I trade forex without a broker?

Financial Sector Conduct Authority (FSCA) As a South African forex trader, you aren’t required to deal with an FSCA-regulated broker, but it provides you with an added level of security.

What is the minimum deposit for MetaTrader 4?

To trade with brokers offering MT4 platforms such as IG, Oanda, and XTB, you need a minimum deposit of $100 or a similar size of the same in other currencies. This account is known to offer low spreads and highly competitive leverage.

What is the difference between MT4 and MT5?

MT4 is designed for CFD forex instruments, whereas MT5 is an all-in-one state of the art multi-asset trading platform, covering both centralised and non-centralised financial markets, including, stocks, futures and FX trading instruments. MT5 is faster and more efficient than MT4.

Why do people still use MT4?

The MetaTrader 4 was designed to have a professional look and feel, along with the extensive range of professional features which is the standard for every trading platform. It also comes with a wide range of customizable indicators that can be easily added and removed from the charts.

Can I trade bitcoin on MT4?

Using the MetaTrader 4 and 5 platforms, you can trade Bitcoin CFDs from your laptop, mobile and tablet devices with spreads from US$80 for Bitcoin and US$2 for Bitcoin Cash.

How long will MT4 last?

Not in the foreseeable future, meaning at least the next 3-4 years. Reason is there is no widely accepted retail alternative in the market. Stopping to offer MT4 means to stop doing retail business for brokers (and Metaquotes).

What is MT4 trading?

The MetaTrader4 platform, popularly called the MT4 platform, is a retail forex trading platform designed by Metaquotes Inc as a turnkey solution, available for individual market maker brokers to customize and offer to their clients according to their branding requirements. This platform has been hailed as a revolutionary platform in …

How to start trading with MT4?

How to Start Trading with the MT4. The road to trading with the MT4 actually starts with the broker selection. You can call this the preliminary step. The MT4 is designed to be a turnkey solution for brokers. This means that any broker can apply to Metaquotes for customization of the MT4 platform according to their branding requirements.

What is demo account in MT4?

The demo account will usually be the trader’s first interaction with the trading platform. A demo account allows you to try out the entire process of forex trading with the MT4 before committing real money into a live account. Opening a demo account can be done in two ways.

How to open a demo account on Forex?

To open the forex demo account from the trading platform, you have to go to the Navigator Window on the left hand side of the platform, or you can simply the keyboard shortcut Ctrl + N to open the window. When this is done, a pop-up window will open to indicate the available demo account servers for your broker.

What is MT4 webtrader?

MT4 Webtrader, which is a web-based version of the MT4. This version is traditionally lighter and only requires the platform’s URL, the trading account username and password to gain trading access. MT4 for iOs devices, which works for the iPad and iPhone. MT4 for Windows phones. MT4 Android OS version, which is used for Android phones and tablets.

Is MT4 available for Android?

MT4 for Windows phones. MT4 Android OS version, which is used for Android phones and tablets. There is also a version for the BlackBerry, but this is not commonly offered. The MT4 for mobile versions can be downloaded from the respective app stores (Google Play for Android and App Store for iOs devices).

Does MT4 require internet?

Installation after download did not require an internet connection. But when the new MT4 was launched, the download format changed. A light file is downloaded, and then the setup process which causes the heavier components of the file to be downloaded over the internet is initiated.

What is MT4 trading?

MT4 trading offers a wide variety of devices. MT4 aimed to distribute for all and made it available for almost all the devices and operating systems. Download options for different devices are available on their website. MT4 Forex brokers are available for-

When was MetaTrader 4 released?

MetaQuotes Software, a Russian software company, developed MetaTrader 4 in 2005. However, it is apparently a succession of previously made versions starting from 2002, and in 2005 MT4 became the final version after lots of research.

Is MetaTrader 4 unique?

From the beginning of MetaTrader 4, it had an immense amount of features that make them unique and popular. Additionally, over the years, they have developed more features, tools, and robots. We have researched about MT4 features and filter all the unique offering. The list provided below contains all the outstanding features.

Does MT4 have customer support?

They provide support from 9 different countries. When it comes to customer support, MT4 provides prompt customer support for the traders and MetaTrader 4 brokers. However, they have everything on their platform, and you may not need to contact them. Instead, if you face any problems contacting your MT4 broker first might get you the solution.

What is MT4 trading?

The MetaTrader 4 (MT4) trading software focuses on providing sophisticated currency management tools combined with enhanced charting functionality and trading signals. Combined, these allow for forex trading that is quick and efficient, helping to control an individual’s positions and develop trading strategies.

Which is the best broker for MetaTrader 4?

Pepperstone is the best MetaTrader 4 broker for both current and CFD trading. This was based on their low average spreads, execution speeds and award-winning customer service. The broker is also regulated with ‘tier 1’ regulators including the FCA and ASIC.

How many base currencies does OANDA have?

OANDA allows clients to establish an account with one of nine base currencies. Although traders are initially required to set up an account with one base currency, sub accounts can be opened in different currencies to avoid currency conversion fees. Axi on the other hand offer 11 base currencies, with customers able to deposit and withdraw funds in EUR, JPY, USD, PLN, GBP, AUD, CAD, HKD, SGD, NZD or CHF.

How much does FXCM charge?

While most brokers charge $7.00 per lot round trip, FXCM charges $6.00 per lot. If you are a high volume trader, then commission fees can be as low as $3.60 round trip.

How many awards does FXPro have?

FxPro won over 70 industry awards for the quality of its online trading services and product offerings. FxPro gained industry recognition in a highly competitive environment recognizing lifetime achievements. Among the most prestigious titles won by FxPro, we can name:

Which forex broker has the lowest fees?

Pepperstone has the lowest fees of any forex broker with the MT4 platform. Regulated in Australia (ASIC), the United Kingdom (FCA), Europe (CySEC), Germany/Austria (BaFin), Kenya (CMA), Dubai (DFSA) and Bahamas (SCB). The broker has also won multiple awards for client satisfaction with fast execution speed and superior customer service. Since 2020, the broker also offers Spread Betting that can have tax benefits over trading CFDs.

What is IG trading academy?

IG trading academy is, hands-down, one of the best free online trading courses that our team of experts has researched. IG goes above and beyond the typical educational service offered by most forex brokers. At IG, beginner traders can learn how to trade from the ground up with:

What is MT4 and MT5?

On the one hand, both MT4 and MT5 are platforms suited primarily to technical traders that rely on pricing action and indicators. However, both platforms do offer fundamental research tools via financial news feeds.

How many MT4 brokers are there?

In fact, there are now more than 1,200 MT4 brokers. In the case of MT5 brokers, the numbers are just a small fraction of this.

What is the difference between MT4 and MT5?

MT4 uses MQL4, while MT5 uses MQL5. The main difference is that MQL5 is generally regarded as easier to program as it allows “black box” programming. This means it provides a better framework for making and using trading robots and forex EAs.

How long does a robot trade on MT4?

In simple terms, this means that your chosen robot will trade on your behalf – 24 hours per day.

How to add custom indicator to MT4?

If you have a custom indicator that you wish to add to your MT4 platform – the installation process is simple. First, click on the ‘data’ tab, followed by ‘open MQL4 file’. Then, find the location that your indicator is saved on your desktop device and double-click the file.

How many analytical objects are there in MT5?

Once again, MT5 goes one step further – as the platform is home to 44 analytical objects. When it comes to charting time-frames, MT5 excels. The third-party platform offers no less than 21 time-frames, while MT4 stands at just 9.

Which is better, MT4 or MT4?

Both platforms are available in the form of desktop software, web-browsers, and mobile apps – and offer full support for forex EAs and robots. With that said, MT4 is arguably the better option if you are a seasoned currency trader – as more than 1,200 only forex brokers are compatible with the platform.

What is MT4 trading?

On the other hand, the MetaTrader 4 (MT4) by MetaQuotes Software is the de facto standard platform in forex trading. The parent company MetaQuotes developed the MT4 trading platform in 2005. The MT4 platform is licensed to over 1,200 brokerage trading firms, but it has stopped offering new licenses to forex brokers since 2018.

Who offers MT4?

According to MetaQuotes Software Corp, the MT4 platform is now offered by more than 750 CFD and Forex brokers across the globe, including industry leaders such as Pepperstone, FxPro, AvaTrade, IC Markets, FP Markets and IG.

What is the MQL4 IDE?

Perhaps one of the greatest strengths of the MT4 platform is the MQL4 Integrated Development Environment (IDE), which allows users to develop, test and use expert advisors and technical indicators for algorithmic trading. IDE’s core is the MQL4 programming language, which ensures high efficiency and functionality. IDE includes several components:

How secure is MetaTrader 4?

MetaTrader 4 uses 128-bit encryption of transferred data between the client terminal and the trading platform’s servers. When it comes to cTrader security, Spotware has provided the following information:

What is the difference between MT4 and cTrader?

On one hand, the MT4 platform has an outdated design, while the cTrader platform embodies a modern-looking design.

How fast is MT4?

The MT4 platform’s order execution speed is about 100ms on average, but it usually depends on the brokerage and the distance to some major data centres in London, New York or Hong Kong. Some top brokerages worldwide such as Pepperstone has an MT4 execution speed of less than 30ms, while IC Markets boosts 40ms execution speed.

What is a cTrader?

cTrader platform is an all-in-one multi-asset trading software that has more advanced trading capabilities.


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