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

MetaTrader 4 Forex trading platform (22)

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

MetaTrader 4 Forex trading platform (23)

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

MetaTrader 4 Forex trading platform (24)

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

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

MetaTrader 4 Forex trading platform (2024)

FAQs

Is MetaTrader 4 good for forex trading? ›

MT4 is an excellent trading platform for forex traders of all levels of experience. With its user-friendly interface, customisable charts, automated trading options, and advanced technical analysis tools, it's no wonder that MT4 is one of the most popular trading platforms in the forex market.

Why does MetaTrader 4 say I don't have enough money? ›

Why am I getting the error 'Not enough money' when trying to open trades on my MT4 account? If 'Not enough money' message pop up it means that there is not enough money to cover the margin requirement on the account, you will need to fund your account or close some/all open trades if any to free up margin.

Can you get real money from MetaTrader 4? ›

The MT4 platform doesn't have an in-built deposit or withdraw function and your forex or CFD broker has to facilitate the withdrawal of your money from your MT4 account.

Why MT4 is better than TradingView? ›

MT4 is a reliable and user-friendly platform for beginners and experienced traders, while TradingView is a powerful tool for technical analysis and social trading enthusiasts.

How much money do you need for MetaTrader 4? ›

Is there a minimum deposit to trade on MetaTrader 4? 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.

What is the best platform to trade forex? ›

  • OANDA - Best US forex broker overall. ...
  • Forex.com - lowest spread forex broker. ...
  • IG - best forex broker for beginner traders. ...
  • Interactive Brokers - best broker commission rates. ...
  • TD Ameritrade - best U.S.-based customer support. ...
  • eToro - best social and copy trading platform. ...
  • Trading.com - good selection of currency pairs.
Dec 19, 2023

Why do 95% of forex traders lose money? ›

Poor Risk Management

Improper risk management is a major reason why Forex traders tend to lose money quickly. It's not by chance that trading platforms are equipped with automatic take-profit and stop-loss mechanisms.

Why do traders prefer MT4 over MT5? ›

MT4 is the better bet if you are certain you will only be trading forex and CFDs, and you want to keep things very simple. It is a simpler platform and easier to get to grips with.

How do you make big profits in forex? ›

Forex Trading Conclusion
  1. Pay attention to pivot levels.
  2. Trade with an edge.
  3. Preserve your trading capital.
  4. Simplify your market analysis.
  5. Place stops at genuinely reasonable levels.

Is MT4 good for beginners? ›

The biggest advantage of using MT4 is that it can be just as useful to beginners and experienced traders alike. That means, as novice traders gain more knowledge and experience, they can continue using the advanced features of MT4 to execute trades.

Can you realistically make money from forex? ›

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.

How do I cash out on MT4? ›

MetaTrader 4
  1. Log in as normal to your CFD or spread betting account at www.ig.com/uk/login.
  2. Go to My Account.
  3. Switch to your MT4 account using the dropdown menu on the top-right.
  4. Click Payments, followed by Withdraw Funds.
  5. Follow the on-screen instructions to withdraw funds from the account.

Why do most traders use 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.

Do professional traders use TradingView? ›

We've introduced three most comprehensive packages (Expert, Elite and Ultimate) designed specifically for Professional (Commercial) traders.

What is the most reliable MT4 indicator? ›

What are the most accurate MT4 indicators? The Moving Average (MA), Relative Strength Index (RSI), Bollinger Bands and Moving Average Convergence Divergence (MACD) are among the most accurate MT4 trading indicators.

Is MetaTrader 4 or 5 better for forex? ›

Is the newer MT5 version better than the MT4 version? Both MT4 and MT5 are the official versions created and distributed by MetaQuotes Software. The new MT5 version is considered to be superior for stock trading and order management, while the older MT4 platform is considered to be superior for forex trading.

Which MetaTrader is best for forex? ›

Pros
MT4MT5
MT4 is ideal for new Forex tradersIt offers many more technical indicators, timeframes, graphics, chart drawing tools and more when compared to MT4
Majority of online brokers supports MT4Supports non-forex CFDs as well
2 more rows

What is the disadvantage of 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.

Is MetaTrader a good forex broker? ›

Yes, the MetaTrader platform is safe to use. MetaTrader is a popular software suite for trading forex and CFDs – but it's not a broker. This means that your level of safety when trading forex will depend on your forex broker, not on the MetaTrader software.

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