TOP FOREX BROKERS.
rows · MetaTrader 4 Forex Brokers A list of FX brokers that support MetaTrader 4 Forex trading software as a primary trading platform. MetaTrader 4 offers Forex traders a very flexible trading environment including trading automation with MT4 expert advisors. BrokerNotes Top MT4 Forex Broker As one of the most established and popular trading platforms, the MT4 is a top choice for traders looking for a powerful forex trading platform. With over institutions offering the MT4 platform, the search for the right broker for you can be a difficult task.
Forex brokers customise the MT4 platform according to their branding requirements and thereafter offer it to their clients. As just mentioned, the MT4 serves the retail individual, non-professional end of the market, however it still provides powerful features to allow retail investors to effectively begin forex trading.
The MT4 is considered a revolutionary product because of the quantum leap the platform took in terms of features and performance when compared to its predecessor. The MT4 was later upgraded to the MT5, but due to the massive popularity of the MT4 platform, the MT5 never really took off in the market and MetaQuotes Inc was forced to do a re-design which combined many features of the MT5 with the old MT4 to create a brand new MT4 Build platform, starting from Build which was launched in The popularity of the MT4 platform has forced many brokerages which were operating with proprietary platforms to include the MT4 to the list of forex platforms they offered their clients.
The MT4 is arguably the most popular forex trading platform in the retail forex market today with over banks and brokers offering the platform. As one of the most established and popular trading platforms, the MT4 is a top choice for traders looking for a powerful forex trading platform. With over institutions offering the MT4 platform, the search for the right broker for you can be a difficult task.
In our comparison table, we have narrowed down the list to the top 5 brokers that offer the MT4 platform, regulated and are the most popular choices for retail traders. They are part the Monecor London Ltd group who are listed on the London Stock Exchange so you can be confident about their financial status and transparency. The MT4 is a solid trading engine which many traders have under-utilised over the years.
The power of the MT4 is showcased when all these functions are put to use. Testing and optimisation of any programmed robots can also be done on the MT4. Strategy testing requires historical data from the M1 time frame and this is also available via the History Centre on MT4.
Only professionals who know how to test strategies can perform this function accurately. The MT4 features charts for all assets traded on the platform. You can add line tools, indicators and other add-ons to the charts to perform technical analysis.
The charts feature three methods of price representation:. Other methods of price representation such as the Renko charts are usually custom-made. Candlesticks are very popular because they show at a glance the open, high, low and closing prices for a time frame. Charts are very important components of trading because they enable the trader perform technical analysis.
The MQL Community was launched by MetaQuotes Inc as a response to the yearnings of the millions of MT4 users all over the world, as a one-stop shop for all tools, indicators, scripts and add-ons for the MT4 platform. It is now possible to purchase or even sell your add-on software on the MQL Community website. This is where various shortcut functions of the MT4 are located. Simply use your mouse to go over each button to find out its name and function. This is where the charts are displayed.
This displays the tabs that give out several MT4 displays such as the account capital the margin , how much has been committed to a trade used margin , the margin exposure, open positions, closed positions, the account history, news bar, etc.
With the advent of the smartphone and tablet devices, it became necessary for traders to keep up with technology. These new hand-held devices were as good as mini-computers, capable of most functions of desktops. Brokers went to work and came up with different versions of the MT4 platform. With Web Based Trading Platorms. Best Accepting Credit Card Deposits. Offering A Demo Trading Account. Best No Dealing Desk. Best Crude Oil Trading Brokers. Best Brokers For Trading Indicies. Best Where Scalping Is Allowed.
Best Where Hedging Is Allowed. The Lowest Fixed Spread: Risk Warning Your capital is at risk. The leading Social Trading platform with 4. No commissions and low spreads Advanced trading tools Minimal account fees. For non-Metatrader brokers click here.
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All they need is the URL which connects to the server on which the web-based trading platform is hosted. Simply defined, spread is the difference between the buying price and the selling price of a currency pair.
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