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MetaTrader 4 description
MetaTrader 4 is a popular electronic trading platform used primarily by forex traders. It offers tools for trading, technical analysis, and automated trading through expert advisors (bots). Traders can customize their experience with add-ons and access market data and signals. While popular, MetaTrader 4 is no longer available for purchase, with its developer now focusing on its successor, MetaTrader 5.
Who is MetaTrader 4 best for
MetaTrader 4 is a robust trading platform best suited for forex brokers catering to retail and institutional traders. Users praise its charting tools and mobile accessibility. However, some report issues with app performance and inaccurate data feeds. Consider this platform if you need customization and advanced trading features, but be mindful of potential reliability concerns.
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Best for medium to large brokerages (100+ employees).
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Ideal for forex brokers serving diverse trader segments.
MetaTrader 4 features
Supported MetaTrader 4 is primarily used by forex traders and offers tools for trading in the forex market. |
Supported MetaTrader 4 offers tools for technical analysis, helping traders make informed decisions. |
Supported Automated trading is a key feature, allowing traders to use expert advisors for automated trading strategies. |
Supported Traders can access the platform and trade on-the-go through mobile apps for iOS and Android devices. |
Supported MetaTrader 4 offers a marketplace where traders can buy and sell trading robots and indicators. |
Supported A signals service enables traders to follow and copy the trades of other successful traders. |
Supported MetaTrader 4 provides a web-based trading platform for convenient access from any browser. |
MetaTrader 4 reviews
We've summarised 76 MetaTrader 4 reviews (MetaTrader 4 TrustPilot reviews and MetaTrader 4 G2 reviews) and summarised the main points below.
- Wide range of tradable products including commodities, CFDs, and currencies.
- Fast and easy to use interface for executing trades.
- Real-time reporting and analysis tools.
- Customizable charts with various indicators.
- Mobile app offers convenient access to trading on the go.
- App frequently freezes and lags, leading to missed trades and financial losses.
- Inaccurate price feeds and chart discrepancies compared to other platforms.
- Stop-loss orders not executed correctly due to lag, resulting in significant losses.
- Default trading instrument frequently reverts back to EUR/USD, causing accidental trades and losses.
- Limited mobile app functionality compared to desktop version.
MetaTrader 4 pricing
The commentary is based on 3 reviews from MetaTrader 4 G2 reviews and MetaTrader 4 TrustPilot reviews.
MetaTrader 4 is generally considered free to use, requiring only a minimum investment to begin trading. However, some users have raised concerns about pricing accuracy and potential manipulation, impacting trading decisions.
Users sentiment
MetaTrader 4 alternatives
MetaTrader 4 FAQ
MetaTrader 4 (MT4) is a forex trading platform offering tools for technical analysis, automated trading, and mobile trading. Though popular for its customizability and charting features, MT4 is no longer available for purchase and is being superseded by MetaTrader 5. It remains widely used for forex and CFD trading.
What is MetaTrader 4 and what does MetaTrader 4 do?
MetaTrader 4 (MT4) is a forex trading platform offering tools for technical analysis, automated trading, and mobile trading. Though popular for its customizability and charting features, MT4 is no longer available for purchase and is being superseded by MetaTrader 5. It remains widely used for forex and CFD trading.
MetaTrader 4 integrates with various tools through its MQL4 programming language. This allows for the creation of custom indicators, scripts, and Expert Advisors (EAs) that automate trading strategies. Additionally, MetaTrader 4 connects with numerous third-party tools for enhanced analysis and trading capabilities.
How does MetaTrader 4 integrate with other tools?
MetaTrader 4 integrates with various tools through its MQL4 programming language. This allows for the creation of custom indicators, scripts, and Expert Advisors (EAs) that automate trading strategies. Additionally, MetaTrader 4 connects with numerous third-party tools for enhanced analysis and trading capabilities.
Top MetaTrader 4 alternatives include MetaTrader 5, cTrader, TradingView, and NinjaTrader. These platforms offer similar features such as charting, technical analysis, automated trading, and mobile accessibility for forex and other markets.
What the main competitors of MetaTrader 4?
Top MetaTrader 4 alternatives include MetaTrader 5, cTrader, TradingView, and NinjaTrader. These platforms offer similar features such as charting, technical analysis, automated trading, and mobile accessibility for forex and other markets.
MetaTrader 4 is a legitimate, albeit outdated, trading platform. While it offers robust features and a large user base, it's no longer supported by its developer, MetaQuotes, who now prioritize MetaTrader 5. Consider the security implications and explore alternatives.
Is MetaTrader 4 legit?
MetaTrader 4 is a legitimate, albeit outdated, trading platform. While it offers robust features and a large user base, it's no longer supported by its developer, MetaQuotes, who now prioritize MetaTrader 5. Consider the security implications and explore alternatives.
There is no pricing information available for MetaTrader 4. Therefore, it's difficult to determine if the product is worth the investment without more details about its cost and features.
How much does MetaTrader 4 cost?
There is no pricing information available for MetaTrader 4. Therefore, it's difficult to determine if the product is worth the investment without more details about its cost and features.
Customer reviews on MetaTrader 4's customer service are mixed. While some appreciate the expert assistance available in chat and forums, others have expressed frustration and concerns, particularly regarding misleading information and unresponsive support.
Is MetaTrader 4 customer service good?
Customer reviews on MetaTrader 4's customer service are mixed. While some appreciate the expert assistance available in chat and forums, others have expressed frustration and concerns, particularly regarding misleading information and unresponsive support.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.