Who controls MT4?
MT4 Mobile and MT4 Web are platforms created and supported by MetaQuotes Software Corp. Contact support@metaquotes.net for support. FXCM is an independent legal entity and is not affiliated with MetaQuotes®. Metaquotes® is not owned, controlled, or operated by FXCM.
App versions of the popular PC electronic trading platforms are provided by MetaQuotes Software Corp., a Russian software company that also has registration offshore in Limassol, Cyprus.
MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients.
No. MetaTrader 4 is a third-party trading platform that connects to a broker for forex trading.
MetaTrader 4 (MT4) is a popular downloadable online trading platform created by the Russian software firm MetaQuotes Software Corp. Released in 2005; the MT4 trading software became immensely popular with retail forex traders.
Yes, the MT4 WebTrader trading platform is legitimate.
On September 23, 2022, users found MT4 banned and MT5 banned from the Apple App store. The company simply stated that these MetaQuotes instruments didn't comply with the App Store's review guidelines.
Will mt4 be phased out? No. Although Metaquotes announced several years ago they would no longer be supporting MetaTrader 4, it is still available from their website for free download and remains by far the most popular and widely used trading platform. What is the difference between MT4 and MT5?
Given MetaQuotes has discontinued support for MT4 versions below 1065 in 2017 and the MT4 platform is more than 15 years old, there is growing concern the company will axe MT4 in the near future to further promote MT5.
MetaTrader 4 makes money by selling software licenses to brokers whom users can partner with to open live accounts. So in order to open a live account, you'll need to pick a brokerage and submit an application.
Are all brokers on MT4 legit?
MT4 and MT5 are safe to use, but scammers can still use them too. The fact a broker is using MT4 or MT5 does not automatically guarantee they are safe. Because MT4 is more popular, MT4 scams are perhaps more common, but scams involving either platform are possible, and tend to work in very similar ways.
Millions of traders with a wide range of demands use MT4: advanced technical analysis tools, a flexible trading system and algorithmic trading (Expert Advisors).
Vantage Markets: This the best MT4 broker that offers over 1,000 CFD products including forex, indices, commodities and more. Aside from MT4, you can use MT5, Pro Trader and a mobile app to trade. Moreover, Vantage Markets offers some of the lowest spreads on forex, including 0.0 pips for EUR/USD with an ECN account.
Traders using both platforms say that MT4 and MT5 have custom programming languages. The difference is that MT4's programming language is easier to launch, develop, and install. MT4's programming language is ideal for new traders because it only requires minimal steps to set up its functionality.
MT4 can help traders of all levels execute even complex trading strategies with a combination of 2 market orders, 4 pending orders, 2 stop orders, and a trailing stop. The platform also supports three execution modes (instant, request, and market), boosting flexibility.
Due to its flexibility, advanced tools, and ability to trade currencies and CFDs on shares, indices, cryptocurrencies, and commodities, the MT4 remains loved by many traders. It is said that more than 8 million forex traders use MT4!
MT4 was primarily designed to operate on a Windows operating system. As a result, Mac or Linux users may not experience the same level of performance as Windows users. Even though there are workarounds, this could be a drawback for those who choose to use alternative operating systems.
What Trading platform does Funded Trader use? Funded Trader uses the Metatrader 4/5 platform, which is the most common choice for Traders and Brokers worldwide.
While the forex market is slowly becoming more regulated, there are many unscrupulous brokers who should not be in business. When you're looking to trade forex, it's important to identify brokers who are reliable and viable, and to avoid the ones that are not.
Can a Broker Manipulate MT4? Yes. As with other things in the Forex market, MT4 is prone to manipulation as well.
Is MT4 available in the US?
Yes, the minimum deposit is $100. We'd always recommend making sure you have more than the minimum available, to afford you more flexibility with your strategy. Start trading on MT4 by opening an account, or practice first using virtual funds with an MT4 demo.
The MT4 platform was the most popular forex and CFD trading platform in existence, but was recently superseded by the birth of its more recent relative MT5. Much of the digital trading world was thrown into the dark when in late September, Apple made the decision to ban the download of MT4 and MT5 from the App Store.
The most common reason why traders receive a trade is disabled MT4 error message is because they try to place trades outside of market hours. Or there may be a national holiday in the markets they try to trade in without being aware that the market is closed.
New users can no longer download the application, and existing users won't be able to update it in future. It's likely that the app won't function without the necessary updates. Traders using the MT4 or MT5 app on an Android device (downloaded from Google Play) aren't affected by this change.
MetaTrader iOS – the MT4 and MT5 apps – have been removed from the App Store. The trading platform's desktop version is still available to download and the Google Play version hasn't been affected.
