Before we go for the MT4 broker's we should know about the MT4, MT4 is meant Meta Trader 4, and peoples call it MT4 because of the easy pronunciation. It's a multi-trading platform, and traders can trade Forex, Stocks, Indicies, and CFDs by using this incredible platform. MT4 ere developed by the famous software company MetaQuotes corporation.
The company MetaQuotes Corporation invented this excellent trading platform in 2005. Forex brokers are using this software by obtaining licenses from the company MetaQuotes Corporation. After obtaining permits from they are serving the software to their traders.
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MT4 software is consisting the server and client, both components for a trader. One of the parts of this platform server component is running by the MT4 authorized broker, and another side is for the traders. This platform becomes most popular due to its user-friendly interface and automatic trading facility.
After getting success in the MT4 platform, they have developed another upgrade version of automated trading software MT5.
The MetaQuotes corporation develops MT4 mac O.S. version, but MT5 is created for all electronic trading devices. While there is no MetaTrader 4 form accessible for Macintosh operating system, a few agents give their own specially designed MT4 variations for Macintosh OS.
When smartphones were released in the market, the impact was then felt on everything, so all the companies started offering mobile-based services.
As a result, the company MT4 also realized that they need to develop the mobile versions of this app. At the starting of the year 2012, the company released the MT4 iOS version, and two months later, they released their MT4 android version.
When the mobile version is released, the software gets the highest popularity to traders. That's why currently, there is no nearest competitor for the MT4 platform. Everybody will be agreed with that MT4 is the best trading platform today.
We have already talked about the MT4 platform, which is an incredible invention from MetaQuotes corporation for traders. A trader can get everything he or she wants in a platform, including Forex charting tools, Analysis tools, Robot trading, and many other things. There are five things that why you should choose an MT4 broker.
The platform MT4 allows forex traders to get the current forex pair prices to execute the trades. There is an option available in the MT4 platform, "Market Watch", anyone can use this feature for free to get real-time price data. If you choose a broker with the MT4 platform, you can get this facility; otherwise, not.
It's tough to predict a correct forecast about a currency pair. MT4 has some tools to make fundamental and Technical analysis. That's why pros are choosing MT4 brokers.
In this MT4 platform, traders can set different types of orders simultaneously with the execution modes. If you want, you can set 4 pending orders and two real-time active orders simultaneously. You will be happy to know that three different trade execution modes are available on this platform, providing high-quality flexibility levels.
Automated advanced robot trading technology is the most exciting thing to choose this trading platform. Although it is not for a beginner, all traders want to trade with E.A.'s. E.A. means Expert Advisors. Every pro trader wants to use E.A.'s while they are trading in the real-time forex market. MT4 brokers will allow it. Without choosing an MT4 broker, you will not be able to use this advanced feature.
Forex brokers who are providing trading services using through MT4 trading software are known as MT4 brokers. Many brokers are using the MT4 trading platform as their main trading software because of its liquidity services. If you want to research the MT4 brokers, you should check out the list below. We have created these brokers by MT4 list for our readers to use this list before choosing a broker.