December 05, 2020

metatrader 4MetaTrader 4 still ranks the most favorite trading platform among traders today. While many brokers offer in-house downloadable and web-based interfaces, almost all of them offer MetaTrader 4.

One of the main reasons MT4 conquered our hearts and minds is its’ amazing Expert Adviro feature. MT4 offers large selection of EAs and it’s free. Another reason is one-click trading where you can simply trade directly from the charts in a single click.

MetaTrader 4 offers one of the most user-friendly interfaces suitable for both complete beginners and very experienced traders. It is translated to almost all languages you can think of, which allows every trader take advantage of the platform in his own language.

Charting features are very advanced and allows you to analyze the technical aspects of the market from all angles.

Last but not least, there are very strong security measures against attacks and hacks of your account. MT4 is one of the most secured platforms with encrypted data between trader and server. Your IP address is also completely concealed.

Forex ReviewsRatingDemoLeverageBonusPlatformsMin DepositPayments
OctaFX9yes1:500up to 50%MetaTrader 4, Metatrader 5, cTrader50Neteller, Skrill, Fasapay, Visa, Mastercard, Malaysian, Vietnamese, Indian, Indonesian, Bangladeshi local banks, Bitcoin, Unionpay
LiteForex 8yes1:50030% + 15%Metatrader 4, Metatrader 5, WebTerminal10credit cards, wire transfer, litecoin, bitcoin, skrill, neteller, perfect money, ok pay, qiwi, wallet one
XM8yes1:888$30 no depositMetaTrader 4, Metatrader 5, XM Webtrader5Credit/Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer
AvaTrade 7yes1:400100% AvaTrader, MetaTrader 4, MetaTrader Floating Spread, Mac Trading, Web Trading, Mobile Trading, Automatic Trading, AvaOptions100Credit Cards, Debit Cards, Skrill, Wire Transfer, PayPal, Neteller, WebMoney
InstaForex 7yes1:1,000$100 No Deposit BonusMetaTrader 4, Metatrader 5, Webtrader1Bitcoin, CashU, credit cards, EgoPay, Neteller, Skrill, Ukash, UnionPay, WebMoney, wire transfer
Anzo Capital7yes1:1000MetaTrader 4100Webmoney, Skrill, Neteller, Credit Cards
FXCM5yes1:200-Trading Station II, MetaTrader 4, Active Trader, Forex System Selector 250Credit/Debit card, Online Check, Bank Wire, Paper Check
IronFX5yes1:50040%Metatrader 4100credit cards, Fasapay, neteller, qiwi, skrill, webmoney, wire transfer
Forex.com4yes1:200-ForexTrader platform (in-house), MetaTrader 450wire transfer, Credit/Debit Card, Check
HYCM4yes1:40025% up to $5,000Metatrader 4100credit cards, wire transfer, Skrill, webmoney
CMTrading4yes1:40015% matchMetaTrader 4, Sirix200credit/debit cards, Wire transfer, CashU ,Skrill
Blueberry Markets4yes1:500MetaTrader 4100credit cards, wire transfer, POLi, Skrill
Priorfx4yes1:200Metatrader 4, Webtrader, Autotrade250wire transfer, credit cards, Skrill, Neteller, PriorFX prepaid card, Yandex, Webmoney, Qiwi, UnionPay
FXDD3yes1:200-MetaTrader4, FXDD Trader, Power Trader, FXDD Auto, MTXtreme100Wire, PayPal, Check, BPS
Tallinex3yes1:1,000Metatrader 4100credit cards, wire transfer, Skrill, Neteller
Oanda3yes1:50Metatrader 4, FXtrade1check, Credit cards, PayPal, Wire transfer
FP Markets3yes1:50010% credit bonusMetaTrader 4 (MT4), IRESS, Mobile trading200credit cards, UnionPay, Neteller, Skrill (3% fee), Wire transfer, BPay and broker-to-broker transfer
Tickmill3yes1:500-MetaTrader 4, Webtrader100wire transfer (commission are charged), credit/debit cards, Skrill, Neteller, FasaPay, UnionPay and WebMoney
TenkoFX3yes1:500MetaTrader 4, Webtrader10Skrill, Neteller, FasaPay, Webmoney, Yandex Money, Qiwi
Pepperstone3yes1:500100% Match BonusMetatrader 4, Metatrader 5, cTrader, cAlgo, cMirror200bPay, credit cards, Paypal
AGEA2yes1:500-Streamster, MetaTrader 41Credit Cards, Wire, Skrill, Webmoney, e-Dinar, Neteller, FasaPay, Perfect Money
ActivTrades2yes1:400Metatrader 4, Activtrader100Credit Card, Wire transfer, neteller, skrill, sofort
Hotforex2yes1:1,000100% bonusMetatrader 4, mobile platform, rapid trader fix/api5credit cards, skrill, Unionpay, neteller, wire transfer, webmoney, fasapay
Alpari2yes1:50050% WelcomeMetaTrader 41Debit or Credit Card, Wire Transfer
FinPro Trading2yes1:200100%Metatrader 4, zulutrade, Finopro station5credit cards, paypal, skrill, wire transfer
Blackwell Global2yes1:200-MetaTrader 4, Blackwell Pro, Mobile2000redit/debit cards, Neteller, Skrill, Wire transfer
AAAfx2yes1:200up to 30%ZTP, MetaTrader 4, Binary options webtrader, Zulutrade300Wire, Credit Card, Skrill, Neteller, giropay, EPS, directpay24, teleingreso, ideal, qiwi
XTB2yes1:200Metatrader 4, xStation, xMobile250Credit cards, Neteller, Paypal, Skrill, Wire transfer
EasyMarkets2yes1:100Metatrader 4, EasyMarkets web-based platform100credit cards, neteller, Skrill, Webmney, wire transfer
CityIndex2yes1:400-MT4 (MetaTrader 4), Advantage Web, Advantage Trader, iPhone, Android, Windows Phone App, iPad and Tablet App100Credit/Debit Cards
Tifia1yes1:1,000Metatrader 4, webtrader10wire transfer, credit cards, skrill, neteller, perfect money, fasapay, okpay
RealTrade1yes1:50030% welcome bonusMetaTrader 420Credit Cards, WebMoney, and Wire Transfer
FXOpen1yes1:500$100MetaTrader 41Wire, WebMoney, AlertPay, CashU, c-gold, PerfectMoney
House of Borse1yes1:100MetaTrader 450000credit cards, wire transfer
Igofx1yes1:1,000Metatrader 41wire transfer, credit cards, perfect money
AdmiralMarkets1yes1:200n/aMetaTrader 410Wire
Fort Financial Services1yes1:1,000MetaTrader 4, CQG, Ninja trader, binary options5Credit cards, webmoney, Skrill, Neteller, perfect money, fasapay, wire transfer
MEX Exchange1yes1:500Metatrader 425Neteller, Skrill, Fasapay, UnionPay, Credit Cards, Wire Transfer
FBS1yesup to 1:3,000$123 Welcome BonusMetaTrader 4, Metatrader 5, Webtrading1credit cards, fasapay, Indonesia local banks, Neteller, okpay, perfectmoney, Skrill, Webmoney, wire transfer, Thai local banks, Exchangers, Malaysian banks and Bitcoin by Skrill
Forexer1yes1:500Forexer platform (Metatrader 5 version)200wire transfer
Simplefx1yes1:100MetaTrader 4 and in-house web-based platform1Wire transfer, Credit/debit cards, Skrill, Neteller, Astropay, Webmoney, FasaPay, Qiwi, Moneta, ru, Yandex, China UnionPay, Bitcoin and litecoin
Synergy FX1yes1:500MetaTrader 4500credit cards, skrill, wire transfer
Financika1yes200:1Profit, WebProfit, MetaTrader 4250 credit cards, wire transfer
FCI Markets1yes1:100Currenex, FCI NetStation, MetaTrader 4250credit cards, neteller, skrill, wire transfer
FXGiants1yes1:500MetaTrader 4500credit cards, neteller, paypal, skrill, unionpay, Webmoney, Wire Transfer
FXGlobe1yes1:500MetaTrader 4250Credit cards, Neteller, Skrill, Wire transfer
FXlider1yes1:200MetaTrader 4, Sirix, ZuluTrade, FXlider mobile, FXlider Copy Trader, FXlider Trader100wire transfer, credit cards, neteller, skrill
FXonus1yes1:500MetaTrader 4500Credit Cards, Skrill, Neteller, Wire Transfer, China Union Pay
FXoro1yes1:400Metatrader 4200credit cards, wire transfer, skrill, neteller, ecoPayz, CashU
FXprimus1yes1:500Metatrader 4100Bitcoin, China UnionPay, FasaPay, Neteller, Skrill, Wire Transfer
Infinox1yes1:300Metatrader 4100credit cards, wire transfer, skrill, neteller, china unionpay
Itrader1yes1:500MetaTrader 4, Webtrader (in-house), Mobile250wire transfer, credit cards
JCMFX1yes1:1,000MetaTrader 410credit cards, FasaPay, Wire Transfer, Neteller, Skrill
Larson&Holz1yes1:500Metatrader 4, Web Trader100credit cards, wire transfer, neteller, paypal, Yandex, liqpay, alfa click, beeline, mtc, perfect money
LCG1yes1:500MetaTrader 4, LCG Trader (web-based, ECN accounts only)1wire transfer, debit/credit cards, Skrill
LMFX1yes1:1,000100% match bonus, 15% recoveryMetatrader 4, Webtrader50credit cards, Fasapay, neteller, okpay, skrill, wire transfer
LQDFX1yes1:500MetaTrader 4, xStation20Wire transfer, Credit cards, Skrill, Neteller, Unipay, FasaPay, SoFort, iDeal
Mahi FX1yes1:100Metatrader 4, MahiFX1wire transfer, credit cards
Paxforex1yes1:500No deposit $7 bonus – cannot withdrawMetaTrader 410Credit cards, FasaPay, Neteller, OKPAY, Perfect Money, QIWI, Skrill, UnionPay, WebMoney, Wire Transfer
Pricemarkets1yes1:400MetaTrader 4 ECN, Currenex ECN, Integral FX, Liquid-x, Hotspot FX500wire transfer, credit cards
Rallytade1yes1;1,000Metatrader 4, xStation (web-based), xSocial, xOptions100credit cards, neteller, skrill, Interswitch, Pocketmoni, etraszact, perfectMoney, WebMoney, VoguePay
Range Markets 1yes1:500Metatrader 4100Neteller, Credit Cards, wire transfer
Roboforex1yes1:500MetaTrader 4, cTrader1credit cards, QIWI wallet, webmoney, Yandex.money, RBK money, Skrill, FasaPay, CashU, Payoneer, China UnionPay, Neteller, Perfect Money
Templefx1yes1:400MetaTrader 4, TempleFX Trader (web-based)50Wire transfer, credit cards, Skrill, Sofort, Neteller, UnionPay
Tradeo1yescredit cards, wire transfer, Skrill and Neteller20%Tradeo webtrader, Metatrader 4250
Tradersway1yes1:1,000Metatrader 4, ctrader0Skrill, Neteller, Perfect Money, Webmoney, QIWI, MonetaRu, EasyPay, Boletto, CashU
TurnkeyForex1yes1:20000% deposit bonus; 30 days of commission-free trading; 30% rescue bonus MetaTrader 4, Trade Station5credit cards, wire transfer, neteller
Freshforex1yes1:1000SIGN-UP BONUS ¢100!Metatrader 41Debit/credit cards, Neteller, OKPAY, W1, QIWI, Webmoney, Skrill, FasaPay, Contact, Wire transfer
Oinvest0yes1:200Samsung Galaxy, iPhoneMetatrader 4200Skrill, Neteller, Credit Cards
FxGlory0yes1:3,00050% up to $1,000MetaTrader4, Mobile1Credit/debit cards, Paypal
TrioMarkets0yes1:300-MetaTrader 4, Sirix Webtrader100Credit Card, Wire, Skrill, Neteller, Paypal and CashU
Orbex0yes1:500MetaTrader 4500Skrill, Neteller, Wire Transfer, Credit Cards, CashU, Webmoney
AccentForex0yes1:50050%MetaTrader 410WebMoney, OkPay, Skrill, Wire Transfer, Credit Cards
GrandCapital0yes500:1$500 no depositMetaTrader 4, WebTrader10Credit card, Neteller, Webmoney, CashU, Fasapay, Scrill, Webmoney
10Markets0yes1:200n/aMetaTrader 4, 10Markets WebTrader200Debit/Credit Cards, Wire Transfer
AlfaTrade0yes200:1-MetaTrader4, Webtrader500Wire Transfer, Credit Cards, Skrill, Neteller
Squared Financial0yes300:1-MetaTrader 4, mobile500wire Transfer, CashU, Credit Card, PayPal
Alvexo0yes400:1-MetaTrader 4, WebTrader, Mobile5000Cash-U, Credit Card, Webmoney, Wire Transfer
RubixFX0yes400:1-MetaTrader 4500Wire Transfer, Credit Cards
NSFX0yes200:1Metatrader 4, Webtrader, NSFX Jforex platform300credit cards, Skrill, CashU and wire transfer
FXGrow0yes200:1-MetaTrader 4, NetStation100Credit/Debit cards, Skrill, Neteller, OkPay, CashU, WireTransfer
Juno Markets0yes1:400-MetaTrader 4500neteller, skrill, credit cards, wire transfer
TeleTrade0yes1:20024%MetaTrader 4, Mobile2000credit cards, Wire transfer, Neteller, Skrill
KGIeworld0yes1:50-MetaTrader 41000Wire Transfer, Check
Abshire-Smith0yes1:200Vertex fx, Metatrader 4, straticator500CashU, Neteller, Skrill, Wire Transfer
Adamant Finance0yes1:500Metatrader 41Bitcoin, CashU, credit cards, FasaPay, MegaTransfer, Neteller, OKPAY, QIWI, Webmoney, Yandex.Money
Alfa Financial0yes1:100MetaTrader 4, AX1Trader10000yes
BlitzBrokers (IB for AxiTrader)0yes1:500MetaTrader 41Credit cards, Neteller, Skrill
CIBfx0yes1:200MetaTrader 4 100Paypal, Skill, Credit Cards, Neteller
Citypoint Trading0yes1:100MetaTrader 4, Vertex20credit cards, wire transfer
Darwinex0yes1:200MetaTrader 4, cTrader500Bank Wire, Credit Cards, UnionPay
Eightcup0yes1:500Metatrader 4100
ETX Capital0yes1:200 ETX Trader Pro, Metatrader 4, ETX binary100credit cards, wire transfer, firopay, neteller, skrill, sofort, china unionpay
Hydra Markets0yes1:1,000Metatrader 4100Skrill, Neteller, credit cards
Swissmarkets0yes1:500Metatrader 4, Webtrader200credit cards, wire transfer, neteller, skrill, iDEAL, giropay
ForexMart0yes1:1,000$150 no deposit neededMetatrader 41credit cards, neteller, skrill, paypal, paxum
Forexee0yes1:500Special trading commission $1, Welcome Bonus $15 for STP, 0% commission for depositsMetaTrader 450Credit Cards, Webmoney, Wire Transfer, Skrill, Neteller, Bitcoin, Bitcoin Cash, litecoin, Fasapay, etherium, Payza, Perfect Money
AETOS0yes1:200MetaTrader 4250Bank wire transfer, Credit cards, Debit cards, Skrill, ZOTAPAY
LH-Crypto0yes1:500Metatrader 4, Metatrader 510Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, DASH, Ripple, NEO, Visa, MasterCard, Web Money, QIWI, wire transfer

Why is MT4 so popular?

For a beginner trader, the forex market can prove to be extremely intimidating especially with all the decisions that he has to make. Nevertheless, the task of choosing the trading platform is not something a beginner trader can do without receiving proper guidance and hence the purpose of this guide on what the MT4 trading platform is all about. Adopted by hundreds of brokers around the world, the MT4 platform is able to offer traders a safe and secure trading environment. However, its popularity can largely be attributed to the following reasons:

  • User Friendly Interface

The interface of the trading platform is well designed and enables traders to trade the dynamic forex market with a minimum of fuss. Regardless of one’s trading experience, it is a platform that is able to satisfy both the needs of experienced traders as well as beginner traders.

  • Support Multiple Languages

Because the MT4 trading platform is able to support dozens of languages, traders from all over the world will have no difficulties in operating the MT4 platform in their own native languages.

  • Advanced Charting Package

For forex traders, one of the tools that they rely on extensively to help them analyze the forex market is the price chart. With the MT4 trading platform advanced charting package, traders are able to analyze and trade the market almost simultaneously. The charting package also comes with a wide array of technical indicators which traders can overlay onto their price chart.

  • Expert Advisors (EAs)

The most defining feature of the MT4 trading platform is its ability to support automated trading through the use of expert advisors. EAs are basically software scripts which are written using the MQL 4 language that are integrated with the MT4 platform to execute trades automatically , based on the parameter established by the trader. It is mainly because of this feature that the MT4 became extremely popular among forex traders.

  • Built in Communication Tool

The MT4 also comes integrated with an advanced communication tool that let forex brokers post messages to traders in real time hence eliminating long email threads.

  • Low Resources platform

Unlike flash driven trading platforms, the MT4 trading platform is not heavy on computer resources hence causing minimum disruptions to one’s computer. Because the MT4 platform doesn’t hog all the computer resources, traders can respond better to changes in the market.

  • Highly Secured

Due to the nature of forex trading, security is paramount to ensure the safety of traders’ personal information and data. With its 128 bit security key, the MT4 is able to offer traders a highly secured trading environment this is not susceptible to attacks from hackers.

  • Highly Customizable

The MT4 is also highly customizable and traders may change the look of the trading screens to suit their individual preferences.