What is MetaTrader 4?
MetaTrader 4, commonly referred to as MT4, is a widely used e-commerce platform for retail foreign exchange trading developed by Russian software company MetaQuotes Software Corp., which currently allows the MT4 mouse to be used by approximately 500 brokers and global banks. The MT4 trading software was launched in 2005 and is very popular with retail currency traders mainly due to its user-friendly features and ability to simplify automated trading by allowing users to create their own trading scripts and write trading robots.
Development of MT4
The platform was developed in 2005 and operated by Metaquotes Software Corp. It is a Russian company based in Limassol, Cyprus. However, MetaTrader 4 was developed in Russia. The company has developed the famous MT4 to modernize its currency exchange trading platform. Due to the increase in foreign exchange trading and changes in the market environment, the old platform was outdated until MetaTraders debuted as the best replacement.
Usage of MetaTrader 4
Today, over 500,000 retail traders use the MT4 platform for daily transactions using a variety of investment decision-making features such as automated trading, mobile trading, one-click trading, news feed and embedded trading feature. It is able to handle a large number of orders from standard signals, a large number of signals and recording equipment. MT4 is suitable for both beginners and experienced traders with versatile investment skills and practices. Today MT4 can be considered the best trading software for almost anywhere in the world.
MT4 and automated trading
Automated trading seems to be one of the most popular features in MetaTrader 4. It is important to note that in 2014 it accounted for over 75% of US stock trading, including NASDAQ and New York Stock Exchange which places orders through automatic trading. Of course, today’s MT4 automated trading software can be used by both retail traders and investors. This is a great advantage as you can trade not only stocks but also currencies, futures and options. The MT4 platform uses its own MQL4 programming language to implement trading strategies that will benefit traders.
Mobile/Android Trading and MT4
MetaTrader 4’s design takes into account the technological requirements of the 21st century to ensure maximum portability. This is why MT4 Mobile Trading Options gives traders direct access to the trading platform not only on Windows and Mac PCs but via smartphones and tablets as well. Thus, there are trading packages and many opportunities to guide and / or audit a trading account.
Why is XM MT4 better?
XM MetaTrader 4 platform keeps in mind the highest quality checks, to fulfill the requirements of its customers. It provides Over 1000 Instruments Including Forex, CFDs and Futures, 1 single login access to 8 Platforms and low spreads starting from just 0.6 pips. It also has Full EA (Expert Advisor) Functionality, the service of 1 Click Trading and VPS functionality. It facilitates the user with Technical Analysis Tools with over 50 indicators and charting tools, three types of charts, micro lot accounts which is an optional setting. It also allows hedging.