What is MT4 Forex Broker?
MT4 Forex Brokers offer MetaTrader4 or MT4 Trading platform for their traders, where MT4 is the most used trading platform software with the biggest number of orders executed daily.
MetaTrader4 developed by MetaQuotes with a thousand and a million of traders uses MT4 as a mainstay, also being one of the pioneer platforms for Online Forex Trading.
| 📈Trading Instruments | Forex, CFDs |
| 💻Programming Language | MQL4 |
| 🔎Technical Analysis Tools | 30 |
| 📊Graphical Objects | 31 |
How to use MT4 MetaTrader Platform?
MT4 includes all the necessary elements needed for the great trading performance in trading, besides we foundn it very suitable for any complexity of strategy to either retail or institutional trader, professional or beginner (Find out the Best Forex Broker for Beginners ). MT4 as a trading software processing trades with high efficiency, powerful security and unlimited trading opportunities.
*MT4 Indicators & add-ons or plugins.
One of the most advanced MT4 features we admit is an outstanding chart package, with technical indicators and integrated fundamental analysis. Platform designed easy to navigate interface and features numerous indicators available through the package or add-ons with plugins.
*MT4 EA & VPN.
Another strong point is MT4 famous automated trading strategies, performed via scripts with a customized possibility for those who can handle codes. Known as Expert Advisors (EAs) offering various parameters that can be used and adjusted by any level of trader through the downloadable library with almost endless options to perform trading.
One more point to admit of great capability is use of VPN allowing run strategies without interruption and use EAs robots locally.
*MT4 back testing.
Depending on the broker you would select to use there are various parameters for back testing via its Demo account might be offered. But is great tool to test EAs or particular strategies through the Strategy Tester section via the trading historical data.
| MT4 Platform Advantages | MT4 Platform Disadvantages |
|---|---|
| Most used platform worldwide | Outdated look and design |
| Good Charting and Features | Programs, EAs and APIs working on MT4 only |
| Excellent Auto Trading via Expert Advisors | |
| Numerous indicators and technical tools | |
| Suitable for Beginners and Professionals | |
| Good for various strategies | |
| Various Types of Orders Supported |
Top 5 Best MetaTrader4 Brokers
Below you will find a listing of the Best Forex Trading Brokers we select with brokers offering or mainstay on the MT4 platform and are ranked by us as the best in its category.
Which Brokers use MT4 Platform?
Due to its popularity, majority of Brokers offer MT4 as we found in industry, yet from the company to another platform may feature some differences and have some extra tools or not.
How to Change Brokers on MT4 Trading?
Via MT4 Switch Brokers you can use one broker and then switch brokers on MT4, with saved layouts or
parameters you set with the previous broker, which is a great tool indeed. To change Broker just
contact customer service to follow the process.
