- Forex Trading
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Top MetaTrader 4 Brokers for 2019
MetaTrader 4 is one of the most popular trading platforms in the world today, literally used by millions of traders around the world. The platform was developed by MetaQuotes Software and it allows clients to access and trade on the forex markets. With it’s easy to use interface, unparalleled speed and feature rich design - it’s no wonder there is such a high demand for the top MetaTrader 4 brokers.
Why trade using the MT4 Platform
If you’re looking for the best MT4 brokers, chances are you already know what this platform offers. But for the benefit of new traders, there’s plenty of reasons why to use this globally renowned software over a broker’s proprietary software.
It’s easy to use
MetaQuotes popular platform is very easy to use. And because of how many brokers offer it, joining a new broker is usually a seamless task; there’s no need to relearn a new piece of software every time you fancy a change of scenery. Whether you’re just starting out or have been in the game for many years, the platform is simple to master.
It has advanced charting capabilities
Charting is one of the main tools in a traders tool box. With the charting package available on MT4, you can switch from analysis to execution within mere seconds. All of these charts are fully customisable and you can take advantage of a range of technical indicators to further analyse the data.
You can build your perfect platform
The best MetaTrader 4 brokers will allow some proprietary platform customisation, but often it’s limited to changing window sizes. With MT4, you can fill your dashboard with charts or keep it limited to a few important markets. This means you can make it as advanced or as simple as you like - not many custom platforms can offer this kind of functionality.
Speed is important in forex trading; the ability to fulfill orders and open positions quickly is an absolute necessity. The MT4 platform is considered to be light on resources - meaning you can execute trades with lightning fast speeds with trustworthy results. One regular criticism made against proprietary platforms is the speed of the software, resulting in missed opportunities and unsatisfactory results.
You can automate your trades
For serious traders or for traders looking to indulge in something more advanced - algorithmic trading presents an ideal opportunity. With MetaTrader 4, you can either develop your own trading robots - or dive into the marketplace to download millions more. You can even share your own robots and even sell them on the marketplace. And with the very same platform, you can test your robots (or electronic advisors) and see how they perform.
Trade with a community
Want to learn even more about the platform or improve your skills? The MQL5 community is a rich resource of information; you can benefit from this long running trading community with regular discussions around technical analysis, trading ideas and even information on automated trading strategies. If you want to test any of these resources out, you could even trial a forex demo account.