MetaTrader4 (MT4)

MetaTrader4 (MT4) Forex Broker 2022

Written by

Table of Contents

MetaTrader 4 (MT4) is a CFD trading and Forex software that allows you to trade and analyze financial markets. MetaTrader 4 provides traders with comprehensive trading capabilities in a quick, secure, and dependable environment. It has become one of the most popular trading platforms among professionals due to its features. It is software that allows you to trade and analyze financial markets. 

MetaTrader 4 (MT4) provides traders with comprehensive trading capabilities in a quick, secure, and dependable environment. The features of this trading platform have made this a go-to trading platform for any kind of trader.

What is MetaTrader 4?

The MetaTrader 4 terminal is a well-equipped traders’ workspace that enables users to trade in financial markets (Forex & CFD). In addition, it gives these users the tools and resources they need to analyze the pricing dynamics of financial instruments, conduct trade transactions, and create and deploy automated trading systems (Expert Advisors). MetaTrader 4 is the world’s most popular trading platform and symbolizes the all-in-one idea. 

A range of capabilities in MT4 will appeal to new traders. Many of which are readily available to assist people in getting started in trading with simplicity. This platform’s essential operation is relatively simple. It is even possible to trade with a single click immediately from the chart.

An MT4 broker is any broker who provides the MetaTrader 4 (MT4) trading software. MetaTrader 4 and MetaTrader 5 (MT5) are platforms created by MetaQuotes Software Corp. for trading for desktop computers, mobile, and the web.

To offer MT4 to you as a customer, a forex broker requires a legitimate license from the developer. However, certain forex brokers that offer MT4 may lack sufficient regulation in the countries in which they operate. As a result, it is vital only to use reputable MT4 brokers.

Benefits of trading with MT4


MetaTrader 4 is a very safe and dependable trading platform. The technology also supports RSA (Rivest-Shamir-Adleman) digital signatures and encrypts data between servers and client terminals. Furthermore, trading IP addresses are also encrypted.

All of these features allow traders to conduct all of their transactions in a completely secure atmosphere. As a result, traders may rest easy knowing that their accounts are protected, including their credentials and funds.


Both experienced and new (inexperienced) traders can use the automatic trading tool in MT4. Automated trading in MT4 allows traders to profit from market events without any work and human bias.


The consistency and speed with which MT4 executes trades allow traders to execute trades with minimal risk of slippage. In addition, traders may use MetaTrader 4 on various devices, including smartphones, tablets, and PCs, to trade on the go.

The mobile version of MT4 has all of the essential features found in the desktop version, such as communicative charts and real-time forex estimates. In addition, it is available for both Android and iOS smartphones.

Real-time Access to Market Prices

MetaTrader 4 allows traders to execute trades by providing real-time forex estimations. Currency pairings and any other securities that a trader chooses to trade through a broker are shown alongside real-time bids in the watch window.

Traders can access other parameters like margin ratio, margin currency, contract size, and spread via the ‘Watch Window.’ A “Depth of Market” function also exists, through which traders get notifications of real-time market activity like a number of buy orders for a currency pair.


Because its USPs are pretty adjustable, MT4 is a very flexible trading platform. As a result, with endless technical tools, demo trading capabilities, instructional resources, and user-friendly controls, MetaTrader 4 remains the best trading platform for both experts and novices.

Drawbacks of trading with MT4

Inadequate Support System 

For most traders, the assistance mechanism supplied by MT4 is insufficient. Customer service is one of this platform’s weak points. This might be a major disappointment for both inexperienced and experienced traders. However, MT4 is also designed for businesses rather than individuals.

Monotonous Installation Process

While there aren’t many drawbacks to the MT4 platform, some may find it challenging to install. For example, in addition to the immediate download and setup, users will need to download additional fonts to ensure that the software operates smoothly. Furthermore, because the application was designed primarily for Windows, Mac users may have issues.

Brokers who are using MT4 Platform

Best Brokers List

ABinvesting and Capixal are the best MT4 brokers who use the MetaTrader4 platform for forex trading.

In 2021, IC Markets is also an excellent pick for the most OK MT4 broker overall. Each month, it executes more trades than any other MetaTrader broker and provides:

  • The whole MetaTrader suite.
  • Competitive pricing.
  • Add-on trading tools.
  • Quality market research.

FP Markets – Comprehensive MetaTrader suite, competitive pricing

MetaTrader with custom indicators from XM Group.

Pepperstone is a MetaTrader add-on suite.

The average cost for the FxPro – MetaTrader suite.

Vantage – MetaTrader package, with excellent pricing for more significant balances.

Swissbank, Swissquote – MetaTrader suite

Traders should evaluate the broker’s reliability (where it is regulated), the number of tradeable securities supplied, pricing, customer service quality, and any accessible add-ons given beyond the default MetaTrader experience when choosing a MetaTrader broker.

Overall, MetaQuotes has established itself as a trusted leader in developing forex and multi-asset trading platforms for online forex brokers and retail traders worldwide.


The most crucial factor to consider when selecting a Forex broker to begin trading is the level of safety and security provided. Trading with registered firms is one approach to ensure that you are dealing with a reliable broker. In addition, the regulatory framework of the Mauritius Financial Services Commission, FSC, is rigorously followed by ABInvesting.


Capixal is a brand name of IFC Investments Cyprus Ltd, approved and regulated by the Cyprus Securities and Commission Exchange (CySEC). It offers segregated customer funds and a hostile balance protection policy. 


PrimeFin also offers one of the most popular trading platforms, MetaTrader4 (MT4). PrimeFin quickly rose to the top of the market thanks to its outstanding services, including a cross-functional platform, multi-device trading apps, instant execution, quick withdrawal, top-notch data protection, and more.

The MetaTrader 4 trading platform supports both Android and iOS. Traders can use any browser to access this trading platform. In addition, traders can use their mobile, laptop, or PC to use this platform. It is well-known for its built-in features, including high execution speeds, multiple trade execution modes, an analytical toolbox, and order history.


Investby’s trading platforms are essential to all traders, regardless of how much time they spend on various trading instruments. Moreover, they’re all adaptable and customizable to meet the needs of investors in a variety of situations.

Using features such as trading platforms, numerous account kinds, and quick speed investments and bidding, trading becomes quick and straightforward. The customer service of Investby is outstanding, and the leverage is high. As a result, the brokerage company receives a brown grade in trading.

The MT4 trading software is one of the most important platforms in the financial world today. It has excellent and user-friendly features. It has also been tried and tested by millions of people. As a result, trading with it improves with time.

Investby has brought innovation in trading by raising its profile to a different level. For investors and traders, it has revolutionised the way they invest in the turbulent market. Every trader receives complete support from the brokerage firm. They provide a high quality trading atmosphere to traders and by that gain breakthroughs. In each situation, a client can go the extra mile from a financial standpoint.

Many forex trade brokers are using the MetaTrader4 platform for forex trading. Some of which are AvaTrade, BlackBull Markets, City Index, CMC Markets,, FP Markets, FXCM, IC Markets, IG, OctaFX, Pepperstone, Tickmill, Vantage, VT Markets, XTB, etc.

How to Change Brokers on MetaTrader4?

Typically, traders will choose a broker, open an account, and download the MetaTrader platform. As a result, each broker has its MetaTrader platform. However, traders can use many brokers on the same MT4 platform.

How to add a new broker on MetaTrader4?

1. On your MT4, go to File.

2. Choose Open an Account.

3. Add a new broker and enter your broker’s or broker server’s name.

4. The scan should be selected.

5. Choose your server from the list.

6. Next, click the button.

7. Choose an existing trade account.

8. Enter your login information.

9. Finally, click Finish.

Bottom Line

MetaTrader 4 is a sophisticated trading platform that provides you with various tools and features to assist you in conducting analysis and customizing your trading experience. These tools can also help you in using and developing trading algorithms that can automate your trading. MetaTrader4 is an excellent platform to start forex trading with a broker. Trading securities entails a significant amount of risk. 

It should not be considered that the tactics, techniques, or indicators described in these items will be lucrative or will result in no losses. There is substantial exposure to risk in margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, including but not limited to regulatory protection, volatility, and leverage which can significantly affect the price or liquidity of a currency or related instrument.

Top Broker Reviews