Metatrader 4 is the greatest trading platform on earth. Does that sound like hyperbole to you? Well think again because Metatrader out performs the competition in terms of accessibility, range and usefulness of features, security and customization. Oh yeah and it’s the most widely used platform by brokers so you basically have to use it, while Metatrader 4 was democratically elected it’s unlikely to yield the throne anytime soon unless it’s to Metatrader 5.
More than any other factor, accessibility is responsible for Metatrader’s meteoric rise to the top. Metatrader 4’s clean, simple interface is a breeze to navigate and doesn’t inundate the user with reams of baffling statistics. Of course if you’re a Forex veteran and you’re into that sort of thing you can make the interface as cluttered as you want. A broad range of language options also make it accessible for non-English speakers.
Metatrader 4’s demo mode is a popular feature as it allows users to practice their trades without risking real money – a real must for newcomers. The last thing you want to do is rush into your trades and lose everything before you have an idea what’s going on. Another useful feature are the ‘Electronic Advisors’ – these monitor market fluctuations and notify traders when certain trades might be beneficial, you can even program them to automatically make trades by themselves.
With Metatrader 4 you can be sure your sensitive information will be secure, the application’s 128 bit encryption code is basically impenetrable.
As mentioned before all the features of Metatrader 4 are fully customizable so if you don’t like it out of the box all you have to do add the features that you want. This high level of customization is what silenced critics when Metatrader first arrived and it’s still what keeps it ahead of the game today.