Metatrader brokers are distinct in that they appreciate the needs of their clients above all else. While there are other trading applications Metatrader 4 is the obvious choice in terms of quality and also as in terms of compatibility. Metatrader 4 is currently the world’s most popular trading application and as such its users enjoy fluid communication with the widest range of brokers. Any introducing broker or brokerage that offers Metatrader 4 has a distinct advantage over the competition.
‘But why Metatrader?’
Metatrader brokers have it pretty easy when it comes to selling MT 4; basically it mops the floor with the competition in just about every respect.
First and foremost any broker is in the business of acquiring new clients and new traders need an application that’s simple and easy to use. Metatrader’s interface is so simple a child could use it, though obviously children should not trade Forex. Add to that a wealth of language settings and you’ve got yourself a pretty versatile platform.
Now for the features. As most new traders have other careers, they need a platform that minimizes their workload. Metatrader 4’s electronic advisers allow for automated trading, this means traders can devote their precious time to hammering out effective strategies as opposed to fiddling around placing orders.
Metatrader’s demo mode is another attractive feature for new traders, allowing them to define effective strategies in a risk free environment.
If you are a trader and are looking for a Metatrader broker keep in mind that there are a couple of things you need to keep in mind. The broker you choose will play an important role in the early stages of your career, as a source of valuable Forex insight and contacts. A good tip is to go with an established broker; unfortunately new brokers can be scams.