MetaTrader 4 Forex trading platform (2024)

MetaTrader 4 offers the leading trading and analytical technologies, as well as additional services. It has everything you need for Forex trading.

MetaTrader 4 Forex trading platform (1)

Analyze quotes of financial instruments using interactive charts and technical indicators

MetaTrader 4 Forex trading platform (2)

Flexible trading system and support for all order types allow you to implement any strategy

MetaTrader 4 Forex trading platform (3)

Examine currency quotes from various perspectives with more than 65 built-in technical indicators and analytical objects

MetaTrader 4 Forex trading platform (4)

Copy deals of successful traders directly in the platform using the Trading Signals service (social trading)

MetaTrader 4 Forex trading platform (5)

Trading alerts will notify you of favorable market conditions

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Visit the Market — the biggest online store of trading robots and technical indicators

MetaTrader 4 Forex trading platform (7)

Test any trading robot in the Market before purchasing it

MetaTrader 4 Forex trading platform (8)

Purchase or rent a Market product the way you like

MetaTrader 4 Forex trading platform (9)

Read the product description in the Market before purchasing it

MetaTrader 4 Forex trading platform (10)

Thousands of free robots and indicators are published in the Code Base and ready to be downloaded

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Maintain total control of your assets

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Trading robots and indicators are developed using the specialized MetaEditor tool

MetaTrader 4 Forex trading platform (13)

Customize the chart appearance

MetaTrader 4 Forex trading platform (14)

Order the virtual hosting at a reasonable price directly from the platform

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Test robots in visual mode to better understand their trading algorithms

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A trading robot test report will show you how good it is

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Browse through the quotes of any currency pair from one minute to one month in the History Center

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Your MetaTrader 4 desktop platform is integrated with the MetaTrader 4 mobile application for Android and iOS. Specify your MetaQuotes ID to receive push notifications from launched trading robots and scripts directly to your smartphone

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Join the largest community of traders directly via your platform!

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Receive useful information and hints from the MetaTrader 4 developers in Mailbox section

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The MetaTrader 4 trading system

The powerful MetaTrader 4 trading system allows you to implement strategies of any complexity.

The Market and pending orders, Instant Execution and trading from a chart, stop orders and trailing stop, a tick chart and trading history — all these tools are at your disposal.

With MetaTrader 4, trading becomes flexible and convenient.

  • 3 execution modes
  • 2 market orders
  • 4 pending orders
  • 2 stop orders and a trailing stop

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The MetaTrader 4 analytics

Analytical functions are one of the MetaTrader 4 platform's strongest points.

Online quotes and interactive charts with 9 periods allow you to examine quotes in all the details quickly responding to any price changes.

23 analytical objects and 30 built-in technical indicators greatly simplify this task. However, they are only the tip of the iceberg.

The free Code Base and built-in Market provide thousands of additional indicators rising the amount of analytical options up to the sky. If there is a movement in the market, you have the analytical tools to detect it and react in a timely manner.

  • Interactive charts
  • 9 timeframes
  • 23 analytical objects
  • 30 technical indicators

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Trading signals and copy trading

No time for trading? That is not a problem, since MetaTrader 4 can automatically copy deals of other traders. Select your provider, subscribe to a signal and let your terminal copy the provider's trades.

Thousands of free and paid signals with various profitability and risk levels working on demo and real accounts are at your fingertips.

Make your choice, and MetaTrader 4 will trade for you.

  • Thousands of providers
  • Thousands of trading strategies
  • Any trading conditions

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The MetaTrader Market

The built-in Market is the best place to find an Expert Advisor or a newest technical indicator.

Buy any of the hundreds of trading robots or indicators and launch them without leaving the platform. The purchase is simple, transparent and secure.

  • the widest selection of trading applications in the world
  • 1 700+ trading robots and 2 100+ technical indicators
  • free and commercial products

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Algorithmic trading

Almost any trading strategy can be formalized and implemented as an Expert Advisor, so that it automatically does all the work for you. A trading robot can control both trading and analytics freeing you from the routine market analysis.

MetaTrader 4 provides the full-fledged environment for the development, testing and optimizing algorithmic/automated trading programs.

You can use your own application in trading, post it in the free code library or sell in the Market.

  • The MQL4 language of trading strategies
  • MetaEditor
  • Strategy tester
  • Library of free trading robots

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Mobile trading

Smartphones and tablets are indispensable in trading when you are away from your computer.

Use the mobile versions of MetaTrader 4 on your iPhone/iPad and Android devices to trade in the financial markets.

You will certainly appreciate the functionality of the mobile trading platforms that include the full support for the trading functions, broad analytical capabilities with technical indicators and other graphical objects. Of course, all these features are available from anywhere in the world 24 hours a day.

  • Support for iOS and Android OS
  • Full set of trading orders
  • Analytics and technical indicators

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Alerts and financial news

The latest financial news allows you to prepare for unexpected price movements and make the right trading decisions.

Alerts inform you about certain events, so that you can take appropriate measures.

  • Current financial information
  • Timely notification
  • Different market conditions

MetaTrader 4 Forex trading platform (27)

Download MetaTrader 4 and open a demo account to receive all this for free!

MetaTrader 4 Forex trading platform (2024)

FAQs

Is MetaTrader 4 a good trading platform? ›

When it comes to features, MetaTrader 4 stacks up pretty well against the competition. In fact, it provides most of the industry's standard features. In addition, it boasts unique things like automatic trades through its coding language. If you compare it to say, Robinhood, MetaTrader 4 has far more going for it.

Is MetaTrader 4 available in the USA? ›

We found that US traders are offered four different platforms to trade from. This includes MetaTrader 4, the fully customizable OANDA Trade web and desktop platform and trading app.

Is MetaTrader 4 legit Forex trading? ›

Yes, the MT4 WebTrader trading platform is legitimate.

How to use MT4 in the USA? ›

It takes just a few steps:
  1. Create a FOREX.com MT4 account.
  2. Log in.
  3. Set up and fund your FOREX.com MT4 account.
  4. Log into your existing MT4 platform with your FOREX.com credentials and all your chart data and analysis will automatically sync.

Can you get real money from MetaTrader 4? ›

Once you register with a specific broker you will be able to trade through their version of MT4 and any profits you will be able to withdraw from the broker's Client Portal, and not the MT4. The MetaTrader 4 platform doesn't come with a built-in feature where you can deposit or withdraw funds.

What is the minimum deposit for MetaTrader 4? ›

The minimum deposit for Metatrader 4 is around $50 and $100 for competitive brokers, and this applies for IronFX too.

Can US traders use MT4? ›

MT4 has been the standard for FX, both with U.S. regulated brokers and offshore brokers. MT5 is more often used for U.S. Futures Trading. MT5 unlike 4 comes in two versions: Netting and Hedging.

How can I legally trade forex in USA? ›

Are Forex Brokers and Forex trading legal in the U.S.? Yes, forex brokers are legal in the U.S., but they must be registered with and regulated by the Commodity Futures Trading Commission (CFTC) and be members of the National Futures Association (NFA).

What are the disadvantages of MetaTrader 4? ›

Cons of MT4:

Limited Asset Coverage: MT4 is primarily designed for Forex trading and doesn't provide the same level of access to other asset classes like stocks and commodities, unlike its successor, MetaTrader 5 (MT5). Traders looking to diversify their portfolios might find this limiting.

Do I need a broker to use MetaTrader 4? ›

You can not use MetaTrader platforms for trading without a broker. MT4/MT5 are trading platforms that offer tools and features for analysing quotes and making trades. Nevertheless, this act can be done with a broker's open trading account and connect to the platforms via the menu.

What is the best platform to trade forex? ›

  • Best Forex Brokers.
  • CMC Markets: Best Overall and Best for Range of Offerings.
  • London Capital Group (LCG): Best for Beginners.
  • Saxo Capital Markets: Best for Advanced Traders.
  • XTB Online Trading: Best for Low Costs.
  • IG: Best for U.S. Traders.
  • Pepperstone: Best for Trading Experience.
  • Frequently Asked Questions.

Does MetaTrader 4 cost money? ›

Does MetaTrader 4 cost money? MetaTrader 4 is completely free to use, whether you have a demo or live account. That said, you can still incur trading costs charged by your broker (or market-maker) in the form of spreads and commissions when you buy or sell securities such as forex and CFDs.

Why was MT4 banned? ›

In September 2022, a ban on the MT4 and MT5 apps in Apple's App Store, which affected all markets, made headlines. Though the reasons for the decision were unclear, there was speculation that it was related to trading scams published in the iOS app store, impersonating popular trading platforms.

What is the best MetaTrader 4 broker for USA? ›

1. OANDA – Best Forex Broker For US Traders. In my opinion, OANDA is the standout choice for US-based MT4 traders. With extra functionality such as MetaTrader 4 Premium upgrade and MT4 open order indicator, OANDA offers more than the standard MT4 product most brokers provide.

Is MT4 a Russian app? ›

MT4 was released in Russia in 2005 before MT5 came in 2009 to support more trading instruments. According to a study conducted in September 2019, MetaTrader 4 was still the most popular trading platform in the world at the time.

What is the disadvantage of MT4? ›

Lack of advanced order types

While the MT4 trading platform provides fundamental order types like market orders, limit orders, and stop orders, it lacks more advanced options such as trailing stops or conditional orders.

Why do people still use MetaTrader 4? ›

The simplicity of the MT4 platform makes it easy to use for traders of all levels of experience. This ensures that traders do not waste time looking around or navigating. They can carry out their trades quickly, without losing opportunities or wasting time.

Do people still use MetaTrader 4? ›

MetaTrader 4 is the most popular third-party platform for trading forex.

Why do traders prefer MT4? ›

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.

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