There are numerous platforms available and if you are just starting in the world of trading, this might seem too much to handle. Luckily, there is one that stands out to be the best and most popular among all the platforms that are currently in the market. MT4 is an award-winning trading platform and is the choice of most trading experts.
Here are some of MT4's features:
- Reliability and Customization
Lag is a big problem in forex trading because the movement of the market can change very fast. This is one of the major advantages of
MT4. It processes actions very fast and is one of its priorities. In addition, the platform is very customizable. It offers a variety of options for customization to fit every trader without affecting the speed that it can process any action.
- Mobile App
MT4 is not limited to desktop computers. They also have a mobile phone app which makes it very accessible for traders on the go. Paired with an internet connection, a trader can check the market and enter trades whenever and wherever.
- Language Support
MT4 breaks the language barrier by supporting numerous languages. This is one of the main reasons why it attracted more traders. They even have support for languages that are not that common.
- Availability of Data
The platform has tons of charts and indicators readily available for traders. This is very important since data is key to success in the forex trading world.
- Security
Since forex trading involved depositing real money, it is a must that the broker and platform you choose are secure. This is the main feature of MT4. Whether you are on a computer or mobile phone, they make sure that your account is secure.
- Flexibility
Most platforms that are available in the market make sure that their interface is user-friendly. However, some of these platforms sacrifice flexibility which is not the case for MT4. It can run smoothly on both old and new devices of computers and mobile phones because the requirement to run the software is low.
- Support for Expert Adviser
There are traders that can’t spend much time reviewing the market. For this reason, automation is a feature that is available on some platforms. MT4 has excellent support for expert advisers which basically automates the trade of your desired trader or expert.
- Simplicity
Competitors of MT4 usually have complex interfaces. MT4 made sure that their interface is very simple that even a new trader will not get stressed when they first check the platform. Basically, you can already see or add all the things that you need for trading in one window.
- Connection
The platform is so efficient that it can run on a very old computer with a slow internet connection. This means that you can be anywhere in the world and trade even if the connection is not great.
- VPS Compatibility
Even if the platform is already stable, it is still compatible with VPS servers to guarantee that the uptime is almost 100%.