Metatrader 4 is indisputably the best trading platform in the business. This quality is reflected by the level of uptake the platform enjoys, at the time of writing Metatrader 4 is still the most popular trading platform in the world, even Metatrader 5 has been unable to take its throne. However the reasons for Metatrader 4’s success are far from simple. Let’s consider what makes MT4 the undisputed king.
Metatrader 4’s rise to the top coincides with a period of rapid growth within Forex. That growth was a result of the development of efficient home computers and fast Internet connections. For the first time people could trade efficiently from their own home without having to pick up the phone. This opened up Forex trading to previously untapped demographics; now professionals could manage their trades from home or while doing unrelated work in the office. These developments caused the number of people trading Forex to double in less than ten years.
While there were many more people capable of and interested in trading Forex, a reliable and efficient trading platform was still needed. Metatrader 4 distinguished itself from the competition by providing a clearer, more accessible trading experience. As rapid growth meant that a disproportionate amount of users were first time traders, the platform which offered the kindest learning curve was bound to win out.
Metatrader also surpassed the competition by catering to geographically diverse traders; firstly by utilizing an extremely intuitive interface that requires little direction to figure out, and secondly by providing a wide selection of language settings.
Finally Metatrader 4 has been noted for the effectiveness and usefulness of its auxiliary features such as demo mode, autotrading and market indicators. These tools enable traders to assess risk more effectively as well as reducing the time it takes to place and carry out orders.