It is widely used electronic trading platform owned and licensed by Metaquotes Software Corporation in 2005. It is developed for foreign exchange brokers who provide it to their clients—the MetaTrader 4 consist of both server and client component. The client component is provided to the broker customer, and server component is run by the broker itself. The trader uses a client component to see live price charts, to manage the account and to manage the trade.
The millions of users globally, making it the most widespread and trusted online trading platform. Due to extensive features and wide use, it has become a benchmark in online forex trading. MetaTrader 4 is a multi-asset trading platform where one can trade commodities, CFD’s, forex, indices and stocks. It is a user-friendly platform that offers multi-device operability, advance analytical capabilities and automated trading function to traders of all experience levels and skills.
It allows its users to access forex prices in the real-time scenario to execute trades. The securities and currencies are listed along with symbol and real-time bid-ask quote. The user of MetaTrader 4 can watch details such as contract size; bid asks spread, margin percentage, margin currency and contract size from small screen window. While the depth of market feature tells about the real-time market trend, this gives an idea regarding market sentiments.
A large number of built-in technical and fundamental tools such as Relative Strength Index, Moving Average Convergence Divergence, Fibonacci Retracement, On-Balance volume, Simple and exponential moving average and many more assist the trader in analyzing the market trend and developing a successful strategy.
MetaTrader is regarded as a highly stable and secure trading platform. The data between server and client terminals is encrypted through the 129-bit key. It enables the forex traders to perform the monetary transaction in a safe and secure environment. The MetaTrader 4 accounts stay protected against cybercrimes.