#META TRADER 4 SOFTWARE#
The Android-compliant version, available on Google Play, has a rating that is higher than 4.5.īoth the app and desktop versions of the MetaTrader 4 software are relatively straightforward and easy to use. You should know that iOS devices need to be running iOS 11.0 or higher in order to run the software.
#META TRADER 4 ANDROID#
You can also use MT4 on your Apple or Android mobile device by downloading the MetaTrader 4 app. If you’re interested in using MetaTrader 4 on your desktop, you can download and run the software on any computer that runs Mac OS, Windows or Linux. MetaTrader 4: Online and Mobile Experience However, depending on the brokerage you choose to partner with to use MT4, you may have access to additional features, such as live advisor support. MetaTrader 4 doesn’t offer in-person financial advisors or robo-advisor services. While MT4 is well-known for being a forex trading platform, it can also be used for trades within other markets, such as options and futures. The platform can run in over 30 different languages and gives you the option to copy the activity of other successful traders. One of MetaTrader 4’s most useful features is the ability for customers to automate their trades by programming custom indicators in MT4’s proprietary coding language. Plus, while users won’t have access to live customer service, they’ll be able to use a wide variety of educational resources and tutorials to help them understand the platform in its entirety. While seasoned traders will have an easier time taking advantage of all the platform has to offer, beginners should have a relatively easy time navigating the platform’s interface as well. MetaTrader 4 is a comprehensive trading platform, and there isn’t too much it doesn’t do. Brokerages may offer different features, so make sure you do your research before deciding on one. Plus, each brokerage will need to pay thousands of dollars per month for other necessary services, like hosting, bridging and support. Each license incurs an upfront fee of $100,000. Keep in mind that MetaTrader 4 isn’t cheap for brokerages. They’ll determine the types of fees you’ll pay to use the platform, how much trades will cost and any other fees. The fee structure will thereafter depend on the brokerage you work with.
#META TRADER 4 PASSWORD#
Once a brokerage accepts your application, they’ll send you a user ID and password so that you can start using the platform with your own money. So in order to open a live account, you’ll need to pick a brokerage and submit an application. MetaTrader 4 makes money by selling software licenses to brokers whom users can partner with to open live accounts. However, launching a live account is a bit different. Here, you’ll be able to test out the platform using virtual funds. – Can automate trades based on your preferencesĪs mentioned above, a MetaTrader 4 demo account is free to download and use. The platform offers a wide range of features, but notably has no direct customer service. While Metatrader 5 came out in 2010, most users stayed with MT4 instead. As its name suggests, it has multiple versions, with MetaTrader 4 being the most common.
It was founded by MetaQuotes, a software company. MetaTrader has been around since 2005, and is an incredibly popular trading platform.
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