BrokerGuru February 18,
What is MetaTrader 4 (MT4)?
In fact, the popularity of the MT4 trading platform is a real life testimony of the benefits that traders can derive from this platform. As mentioned earlier, most forex brokers in the industry offer the MT4 trading platform to their traders. So the key to selecting the best MT4 broker to trade with then should be based on other factors such as customer support, the spreads that are available as well as other value added services which the broker is able to provide.
For example if the internet services in your area is unstable or unreliable and you wish to run EAs, you might want to consider forex brokers that offer VPS services as part of the products and service offerings. This helps you to minimize the chance of downtime due to your unstable internet connection.
No trading software in the world is perfect and each is bound to have its own strengths and weakness. The same goes for the MT4 trading platform. While MT4 have numerous advantages, it also comes with its own weakness. Surprisingly despite the fact that the MT4 trading platform has been around for more than a decade, it is still the most popular trading platform around in the online forex trading industry, even with all of the latest technological innovations. This trading platform has proven that it is unequalled in the entire industry.
Here we have pinpointed the ultimate brokers offering the MT4 platform. Best MT4 Brokers This page may not include all available products, all companies or all services. What is MetaTrader 4 MT4? For market orders, they can be in the form of market execution, instant execution, exchange execution or request execution: With market execution, trades are executed based on the market price rather than what is displayed on the trading platform.
This is in direct contrast to instant execution where trades are executed at the price which is displayed on the trading platform. For exchange execution, trading orders are processed by the exchange instead based on the current depth of the market. Finally with a request execution order, traders are able to carry out a market order with a 2 step process.
First of all, a quote is requested by the trader, upon the system receiving the quote gives the trader a few seconds to decide if he wants to proceed to the second stage which is to execute the trade. Although decisively slower than other types of market orders, request order offers traders certainty in the price that they will get. However, the trade-off will be a slower execution pace. Although most brokers will offer their traders at least one version of their MT4 platform, the MT4 actually comes in several versions which are: However, its popularity can largely be attributed to the following reasons: User Friendly Interface The interface of the trading platform is well designed and enables traders to trade the dynamic forex market with a minimum of fuss.
Support Multiple Languages Because the MT4 trading platform is able to support dozens of languages, traders from all over the world will have no difficulties in operating the MT4 platform in their own native languages.
Advanced Charting Package For forex traders, one of the tools that they rely on extensively to help them analyze the forex market is the price chart. Please suggest by adding a comment below. MT4 is far not the only Forex platform available today. We can't ignore and Forex brokers can't ignore it either that MT4 platform took over the trading world, and there was one key feature to "blame" - MT4 platform allows creating custom indicators and expert advisors; and although there are many platforms that also allow this, MT4 has managed to outperform every single one of them by the tremendous number of MT4 indicators and EAs being written for it.
Does this attract novice traders who never used MT4 before - most definitely yes! That's why Forex brokers continue to choose MT4 platform in order to always satisfy needs of the diverse Forex trading community. More on that at: The beginning of has brought a long awaited feature to MT4 platform - One click trading. Finally traders can trade from charts with a single click! If the feature is not available not preset by the broker , you need to download and install the One click trading EA first.
Download one click trading EA: How to install the EA on MT4. One-click trading should definitely mean more trades, more activity and positive experience for MT4 users. The famous MetaTrader 4 Trading Terminal Build has also several other features added to enhance traders' experience. IGOFX is not listed yet. We'll gather information about this broker shortly. Thank you for your suggestion! We don't have MagnaDana listed yet, but yes, it looks real, based on the quick information found on their website and the list of licenses http: Fx United has to be first added to our database.
Will be done within the next few days. The sorting is available at the top of the table. We can't find their site in Google do they have an English site version? If not, this might explain. However, also, we won't be able to understand much on a non-English site. Attention with the dfmarkets! It appears that positions are closed by automated margin calls seconds late although the connection time for an update of the platform and manually generated orders is between 60ms and ms.
The number of guests is limited to in each country and many traders have already applied for the ticket. In conclusion, it is good to mention that FBS Grand Event is not only perfect opportunity to have fun, but to meet new interesting people, network, share ideas and knowledge. Registration is open until the 20 of January and Thailand and open until the 27th of January in Malaysia. West Africa Forex Expo will bring together traders, brokers and funds managers in the Foreign Exchange market, and aiming to become the global networking hub for all professionals working in the forex industry.
The West Africa Forex Expo, at the Sheraton Hotel Lagos on 6th and 7th June , is a Two-day event for traders, investors, affiliates, investment bankers and brokers from all over the world. China Forex Expo Date: May 6th-7th, Location: It is a must-attend event for industry players. The expo not only covers forex, but also binary options, fintech, precious metals, CFDs, oil and gas and other financial products. To review the last China Shenzhen Forex Expo video, please visit: Last Forex Expo Video.
Forex Incubator program — is an opportunity for all talented Forex traders, who pursue their career in Forex as successful money managers, but might not have enough funds to fulfill their potential, to prove own trading skills and receive funding from large institutions and investors.
Traders are not liable for losses on funded accounts, hence there is no risk involved in participating in such incubator programs. In the worst case scenario, a trader will be disqualified from further participating in the program. Additional support, mentoring and other valuable advice is offered to help talented Forex traders grow professionally and build own financial career [ Guaranteed stop loss is not a common practice with Forex brokers as one would expect.
The list below shows all Forex brokers who offer guaranteed stop losses. But first, let's briefly touch the theory. Guaranteed stop loss — your stops are executed at the requested price level no matter what. Regular stop loss — your stops are subject to market volatility and best available price, execution not guaranteed.
Forex brokers looking to work with Bitcoins face a few challenges, most of them are regulatory. In mid Bitcoin still remains unregulated and unsupervised. There is no central bank to regulate its flow and exchange. In addition, the Anti-Money Laundering questions remains unsolved, as Bitcoin users identity is veiled they don't need to have bank accounts for holding Bitcoins, for example.
Combined together, those issues hold back some Forex brokers who would ultimately already adopt Bitcoin trading themselves. In the meantime, there have been some intriguing developments, as Bank of America among the first showed interest in adopting digital currency transfers. As of September 17, Bank of America has successfully registered a patent to use Bitcoin, Litecoin, Ripple, Peercoin, and Dogecoin for fund transfer between accounts. Another industry giants - Amazon and MasterCard - are also exploring the ways of working with digital currencies, and related patents have been also filed.