It was developed primarily for online forex trading, but it can also be used for trading CFDs (Contract for Differences) and Future markets. MT4 is popular because it’s easy to use, reliable, flexible and secure. It’s the most widely used trading platform and has stood the test of time since it was launched by MetaQuotes Software in 2005.
Learn more in this in-depth MetaTrader 4 technical analysis.
What is MetaTrader 4 (MT4)?
MetaTrader 4 (MT4) is a versatile electronic platform designed primarily to trade in foreign exchange (Forex). It’s suitable for Traders of all levels; from novice Traders to seasoned Traders. It provides features that support advanced technical analysis as well as a flexible trading system, algorithmic trading and Expert Advisors. All this is accessed via your personal computer or Smartphone.
With MT4, you buy and sell Forex orders via regulated Brokers who execute the trades for you. The electronic platform is free to use and very convenient to set up and start trading. Expert Advisors take the form of automated trade assistants which are basically Forex robots or chatbots.
Is MetaTrader 4 free to use?
MetaTrader 4 is free to use. There is no cost for downloading and installing MetaTrader 4 on your PC, IOS or Android. You can download it from the official website for MetaQuotes Software or a reputable online retail brokerage site.
There is also no cost to using MetaTrader 4. It’s free to open a Demo Account and most online brokerage firms do not charge a fee to open a Live Trading Account. Any cost incurred are fees charged by the brokerage firms for trader orders.
Is MetaTrader 4 safe to use?
One of the reasons MetaTrader 4 is so popular is due to its advanced security features. MetaTrader 4 encrypts all data transactions between Traders and the server to safeguard the system from cyber-attacks and hacking. MetaTrader 4 also conceals a Trader’s IP address as a further security measurement.
Is MetaTrader 4 used by Brokers?
MetaTrader 4 is the most popular trading platform used by Forex Brokers. It’s estimated about 95% of international brokerage firms support MetaTrader 4.
It’s popular as a highly efficient brokerage platform for account management, processing trades and transmitting quotes. The public interfaces (API) on MetaTrader provide Brokers with backup and data recover functions and a powerful security system.
If you’re new to trading, here are answers to some of the questions people ask online about MetaTrader 4 to help you decide if it’s the right trading platform for your needs.
 Disclaimer: This information is applicable at the time of publishing.
DISCLAIMER & NOTICE: The answers are for educational purposes only and not financial- and or investment advice. Trading can be very risky. Never trade with money you cannot afford to lose. Always seek the advice of our preferred regulated FSCA Broker and or a regulated FSCA Financial Advisor.
How do I download MetaTrader 4?
MetaTrader 4 can only be accessed through the MT4 app that you download and install on your PC or Smartphone.