go markets binary options plugin
Co-ordinate to research in South Africa, finding the listing of who and using the Best Metatrader iv (MT 4 ) Brokers is a very of import decision, as the MT4 app is crucial to you as an investor.
Choosing from investorsacross the globe tin also be a difficult process, particularly trying to find a trustworthy broker who uses MT4.
For online traders, one of the key tools of the trade is without question, the trading platform. Amid the near commonly used trading platforms is the MetaTrader four (MT4), developed by MetaQuotes Software. The virtually popular forex broker platform in the world.
In this article, we will be listing the Best Metatrader 4 Brokers who tradeStocks,Indices,Binary Options,CDFs,ETFs,Forex, and cryptocurrencies likeBitcoin andEthereum.
10 Best Metatrader 4 (MT4) Forex Brokers in Due south Africa:
✔️AvaTrade
✔️XM
✔️Alpari International
FXTM (ForexTime)
FP Markets
Go Markets
XTB
Axi
Darwinex
LiteForex
This list is not meant to be a ranking but rather a comprehensive list of the Best Metatrader iv Brokers .
Good luck and good trading. Let'due south become started
AvaTrade
AvaTrade is a well-established Forex / CFD broker and was one of the showtime major brokerages in the retail Forex/CFD field. They have multiple offices effectually the globe.
They are one of the about regulated online brokerages in the earth and are regulated in 6 different jurisdictions and offices worldwide which boast over 200,000 clients with monthly trades of over 2 meg.
They take developed their own platforms merely still choose to retain the much liked and respected MT4 to requite their traders a wide range of options when choosing a trading platform to utilize.
AvaTrade offers 55 different Forex currency pairs and crosses, including some exotics, 17 article CFDs, 20 equity indices, 14 cryptocurrencies, and CFDs on 500 individual stocks and shares. AvaTrade besides offers 2 bond CFDs, and 6 ETF. They are too one of the few brokers that offer trading on option products on Forex.
The company has also won numerous awards for "Best Client Support", "Best Alert System", "Best Financial Derivative Trading Provider", and "Best Forex Broker Twelvemonth". They offer customer support in multiple channels in multiple languages likewise, all of which arrive a good option to traders of all levels.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Easy and Fast account opening | Only CFDs, Forex and Crypto offered |
| Gratis deposit and withdrawal options | Poor phone support |
| No withdrawals fees | Inactivity fee |
XM
XM is known for its amazing platform that is great for both beginner traders also as experienced trades also.
XM has a reputation for existence the next generation broker for online forex trading since they offer features such every bit auto trading, they have no hidden fees or commissions and their order executions are blazingly fast with 99.35% taking place in under 1 second.
For the beginner trader, XM offers a dandy deal of educational resource as well every bit a demo account with $100,00 0USD of virtual currency to acquire with.
The platform too boasts over i.5 1000000 clients with traders in 196 countries
XM prides itself on their excellent customer service and a personalised approach for their client traders.
This broker has more than 1000 financial instruments which can exist traded on the MT4/MT5 platforms and this includes Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs.
Forex trading is available on over 55 pairs, including the major USD, GBP, EUR and JPY pairs.
XM does non offer binary options or futures.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Bang-up Educational tools | Limited product portfolio |
| Easy and fast account opening | Inactivity fee afterwards ninety days |
| No withdrawal fees | Only boilerplate Forex fees |
| Low minimum eolith | |
Alpari International
Alpari Fiscal Services Ltd (Alpari) is i of the world's leading contained forex brokers globally and offers a wide range of products.
Alpari offers a diverseness of account types and take an first-class client support team with support in over 30 languages.
They also offering demo accounts and copy trading as well for beginner traders to learn with.
Alpari International are a global forex and CFD broker.
Alpari offers both MetaTrader 4 and MetaTrader v platforms, with a dealing desk-bound. Both platforms provide a bully level of flexibility, including modern and intuitive charting tools and simple navigation.
In that location are 4 possible platform versions to choose from: iOS, Android, Desktop and WebTrader, but they do have a International Directly Platform for high book trader. This professional platform offers tons of additional features and is idea for the advanced or professional trader.
If you open an MT4 MicroAccount, you will have access to instant social club execution, with margin calls at 50% and stop outs set to 30%.
The standard MT4 account also offers instant execution, however, margin calls are set up slightly college at threescore%.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Depression minimum eolith | Limited educational resource |
| Best Banker for re-create trading accounts | Lack of resource tools |
| Diverse selection of tradeable avails | High fees |
| Demo accounts and social trading available for the beginner trader | Withdrawal fees |
| Good support in over 30 languages | |
FXTM (ForexTime)
FXTM is an award-winning broker that places a huge emphasis on their client back up offering support over multiple channels, in multiple language 24/vii.
They offer a huge range of educational resources, materials and tools bachelor making it a groovy identify for a beginner trader to start and abound.
FXTM offers a range of trading platforms including both Metatrader four and Metatrader v.
Mobile users can accept advantage of the Metatrader 4 app, which is bachelor in a format suitable for both Android and iOS devices.
FXTM offers trading in Forex, Cryptocurrencies, CFDs, and Commodities.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Cracking customer Service | Inactivity and withdrawal fees |
| Strong Educational tools for the beginner trader | Loftier CFD fees |
| Fast account opening | Limited production range |
FP Markets
FP Markets was founded in 2005 and has grown to get ane of the largest offerings in Australia. With the head office in Sydney, FP Markets has wone multiple awards in the manufacture for client service, trader education and merchandise execution.
They employ the Metatrader ecosystem and are regulated in many different countries. They have very low spreads on Forex currency pairs as well as over x,000 trading instruments.
Their minimum deposits are higher than average, but they do offer a lot of value adds like cracking educational tools and exceptional customer service, which makes it a worthwhile offer.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Not bad Educational tools | Express portfolio |
| Peachy Customer Service | Web Platform needs to be updated a fleck |
| Large Product offer | Loftier fee for international bank withdrawal |
| Piece of cake and quick account opening | |
GO Markets
GO Markets has grown to become a leading broker with a huge client base from over 150 countries. They are known to be especially stiff as Forex and CFD brokers for both new and experienced traders.
They offer a wide variety of tools, assets and reasonable trading conditions.
Get Markets offers forex, share CFDs, indices, metals and bolt for trading on the MT4 and MT5 trading platforms as well as great analysis tools similar Autochartist and Trading Cardinal.
They have a long rails record in the industry and accept a reputation for fast and efficient execution of trades and low fees.
Become Markets's offer of educational materials are proficient, however where they truly polish is with good research tools and analysis.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Low minimum deposit | Merely two business relationship types |
| Very fast execution of trades | |
| Adept trading assay tools on offering | |
| Demo option available | |
| Low Forex fees | |
XTB
XTB is a leading European banker that was founded in 2004 and is i of the largest stock exchange listed brokers in the world with offices in 13 countries.
Traders can choose from CFDs on FX, Indices, Cryptocurrencies, Shares, Commodities and ETFs.
XTB is known for its speed of execution and has won numerous awards for its valuable research.
Its proprietary platform xStation 5 is renowned and boggling. Standing out from the oversupply, the platform has been rated as i of the best platforms by traders, for its functionality and intuitive user experience.
XTB offers free educational material to their clients to learn how to trade, through their Trading University which is on a level unsurpassed by other
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Award winning platform which is very user friendly | Limited product portfolio |
| Gratuitous and fast deposit and withdrawal | No website trading platform |
| Training University | Poor back up |
| Low trading fees | |
| No withdrawal fees | |
Axi
Axitrader is a UK and Commonwealth of australia based company that is regulated past ASIC in Australia and the FCA in the Great britain.
They are a MetaTrader banker, that specialises in foreign exchange speculative trade, including Bitcoin, indices, metallic and bolt.
The company is It is geared for both the experienced traders and inexperienced trader with a cracking full general offering.
As well admission to MT4, MetaTrader 4 traders can make use of MT4 NextGen. This is a platform that complements MT4, providing the opportunity for more features for the professional trader.
MT4 NexGen includes features such as advancement management tools, enhanced ordering, sentiment trading and much more, for the all-time experience for the advanced trader.
The platform is easy to navigate and trades are executed quickly.
Axi offer a host of practiced education resources every bit well every bit depression trading fees, no inactivity fee and no fees for deposits and withdrawals. Opening an account is also fast, easy, and fully digital.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Dedicate support squad over multiple channels | Short demo time doesn't allow time to master trading |
| Great educational tools | Limited currency pairs |
Darwinex
Darwinex is unique amid brokers and even other copy trader brokers with their invention of a "Darwin". These DARWINS are tied to traders and their strategies; with a start value of 100. This start value changes based on the performance of the underlying strategy of the trader.
Every bit an investor, yous buy or sell these DARWINS in the same mode as yous would buy or sell stocks and shares on the market.
In this way Darwinex provides forex traders with a unique social copy trading community that enables investors to purchase and sell trader-adult strategies. These traders and their strategies that are copied tin can and then earn performance fees.
Copy trading bated, while Darwinex also offers the full MetaTrader suite, the offer is just average due to higher pricing, weak inquiry and a lack of peachy tools.
Their focus is on the copy trading aspects of their platform and this is where they shine. Non and so much for self-directed traders.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Demo choice available | You lot have to choose to be either and investor or a trader |
| 3 currencies available for you account | Minimum deposit is not very low |
| Depression Spreads | Business relationship opening non the easiest |
| Trading costs tin be on the high side | Have to pay a 20 % performance fee to your Darwin trader |
| Social trading and fees are paid on execution of your "Darwin" trades | |
LiteForex
LiteForex was built on the premise of making the Forex market accessible, safe and easy which has led to a light amplification by stimulated emission of radiation-sharp focus that has served the broker well.
LiteForex is at present i of leading brokerage companies worldwide beingness listed every bit one of the top 100 companies in World Finance.
They offer multiple platforms and boast a very low initial minimum deposit, as well as offering a wide multifariousness of payment systems to brand deposits.
They take received the "The Best Client Service" award at the sixth International Investment & Finance, because of extra-mile personal touches like providing each client with a personal manager.
LiteForex offering quite a few types of bonuses such as a friend referral bonus, deposit bonuses and pips dorsum bonuses for members of the VIP club.
Bring a Friend bonus
The more friends you introduce the more bonuses rewarded. $15 for each attracted friend, $10 for a 2d level friend, $5 for a 3rd level friend, and $2 for a 4th level friend
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Easy business relationship opening with low initial deposit | Limited trading instruments |
| Broad variety of eolith systems | Not the cheapest commission fees |
| Amazing customer support | No service clients in the US, Israel or Japan |
| Great trading platforms | |
OctaFX
OcatFX offers very depression spreads and has award-winning trading atmospheric condition. They are a solid provider of CFD and Forex trading in over 100 countries.
OctaFX offers several different assets which include Forex, metals, and crypto with CFD markets.
They are a Metatrader iv platform broker, and therefore fits nicely with all of the other brokerage firms on this list. They besides provide access to cTrader, the world's best alternative to Metatrader.
They offer multiple trading accounts and sizes.
Their educational resources are very proficient and complimentary demo account operates with the same conditions and execution speeds as the existent one.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Minimum eolith | Express trading instruments |
| No committee on deposits and withdrawals | |
| 20% return on boilerplate for copytrading | |
| Free fifty% bonus with every deposit | |
Read 27 Best Online Forex Brokers here
Tickmill
Tickmill is an award-winning global ECN broker, authorised and regulated in the Britain by the Financial Deport Authority (FCA) and the FSA of Seychelles.
Tickmill offers a wide range of products with a focus on Forex, Stock Indices, Commodities, CFDs and Precious Metals.
They are known for having low spreads and some of the everyman ECN commissions on the marketplace today.
They are also well-liked for fast STP executions on the MT4 platform due to their Equinix LD4 data middle servers based in London.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Award winning platform which is very user friendly | Simply Forex and CFD'south |
| Low forex fees | Trading platform is a bit outdated in design |
| No withdrawal fees | Bones news feed |
| Depression trading fees | |
| Depression minimum deposit | |
InstaForex
InstaForex boasts more than vii million traders and offers a diversity of platforms which are backed up by a solid, user friendly mobile app also.
InstaForex also offers a wide range of trading tools and in-house MT4 plugins such as Pattern Graphix and Superior Forex Desk.
They practice some unique things to make investing fun and motivating such equally offering not bad bonuses and promo campaigns.
They also offering a 40% bonus for every deposit and upwards to 100% for the initial eolith.
ForexCopy is the InstaForex platform for social trading; where traders can earn commissions for providing their trades for copying past followers who are new to the forex game.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Wide variety of platforms to choose from | Customer service is but during the work week |
| Commission complimentary accounts | Withdrawal commissions |
| More than 300 instruments | |
| Lots of educational resource | |
| Dandy copytrading platform | |
CityIndex
CityIndex is well known in the marketplace for having a tiptop-notch trading platform.
The besides offer bully market analysis, very expert inquiry tools and multiple platform options, such every bit their own proprietary platform too as MetaTrader 4.
CityIndex is authorised and regulated past the United kingdom of great britain and northern ireland Fiscal Conduct Authority, offering a high level of security and safety.
Their educational resources are besides first grade through their ain Trading University which provides a host of videos covering a host of subjects also every bit webinars.
They also offer in-depth market analysis and inquiry covering all asset classes via articles and webinars, which makes their educational offering great for both the beginner or professional person broker.
The broker offers retail, professional and premium trading accounts to trade on 12,000+ instruments covering Indices, Shares, Forex, Cryptos and Bolt via Spread Betting, CFD and Options.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Kickoff grade trading platform | 12 weeks is better than some but may not be be enough time to skill up and gain conviction in forex trading |
| Great educational resource | Bones enquiry tools |
| No minimum initial deposit to start trading for bank transfers | No Volume discounts |
| Depression Forex fees | |
IC Markets
IC Market's claim to fame rests in 2 offerings: copytrading and loftier-volume trades.
For copytrading IC markets has their proprietary copytrading platform known every bit Zulutrade, which is considered one of the best in the market.
And with 500,000 + trades per day they welcome high book traders.
IC markets besides offers many services and features designed for both beginner and experienced traders, and then they aren't just limited to copytrading and high book trades.
They accept an excellent trading platform and wide range of products and have a quality 24/7 support team over multiple channels circular their offering out.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Low Forex fees | No negative balance protection |
| Easy and fast account opening | Only Forex, crypto and CFD trading |
| Free eolith and withdrawal | |
| Low minimum deposit | |
Pepperstone
Pepperstone trades in accord with the regulatory principles set downward past the European Securities and Markets Dominance, and the Fiscal Conduct Authorisation. The broker was founded and launched in London.
They provide both the Metatrader iv and 5 platforms, as well as the cTrader platform.
They offer a ton of different trading assets such as commodities, stocks, indices, Forex, crypto, and futures with CFD markets.
Pepperstone's minimum deposit is $500 to open a new account so it's on the high side, but with the amount of markets they offer it is nearly incommunicable to piece of work with smaller amounts finer.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Costless withdrawals and deposits | Limited product portfolio of CFD, Forex an Crypto |
| Peachy customer service | No Research or technical analysis information |
| Depression minimum deposit | |
| Low Forex fees | |
| No Minimum eolith | |
FxPro
FXPro is another of the nearly well-known brokers in the forex trading marketplace and are solidly considered as on of the superlative MetaTrader brokers, offering the total suite of MT4 and MT5 platforms as well as cTrader.
They offer trading on Forex, CFD markets in shares, indices, futures, metals, and energies.
They are known to exist one of the most well-capitalized brokers in the market with over 100 1000000 British Pounds in company uppercase.
Their trading executions are quick, and they accept great customer service to back information technology all upwardly.
They accept a high profile and reputation for sponsorsing professional athletes and racing teams.
FxPro require a minimum deposit of $200 and then information technology is on the low side in terms of initial start upwardly to open an business relationship.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Good and technical enquiry tools | Express product portfolio |
| Slap-up educational content | No website trading platform |
| Low minimum deposit | Poor mobile platform |
| Good back up team | |
FXCM
FXCM is one of the oldest brokerage firms online. Information technology has been around since 1999 and is currently based in London.
FXCM is a broker that is equally suited to the experienced trader and the beginner trader. With amazing educational resources and a superb support team, as well every bit great market research, you can't become incorrect.
They offer currencies, indices, crypto, and commodity CFD markets.
FXCM provides the Metatrader 4 platform to merchandise with every bit well as Trading Station which is their own proprietary platform.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Expert and technical research tools | Limited production portfolio |
| Bully educational content | No website trading platform |
| Low minimum eolith | Poor mobile platform |
| Proficient support squad | |
IG
Since IG started their online concern in 2003, they take grown to more than than 178,000 clients in multiple countries.
They are regulated by FCA in the UK and ASIC in Australia with global offices in 16 different countries.
They are the largest Forex brokerage in the UK and are publicly listed on the London Stock Exchange.
They employ the Metatrader platform but also give you the opportunity to utilise their own proprietary platform, called IG Trading, which is a web-based platform.
They recently opened up a Usa firm only only offer Forex.
They accept a wide list of tradeable products, rounding off a long list of pros with very practiced educational resources, fantabulous inquiry and trading tools.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| No fees for deposits or withdrawals | Commissions high on Zero account |
| Spreads are depression on EURUSD and average on other pairs | Express range of instruments |
| Low deposit requirement for new traders with Micro accounts | Account opening not the easiest |
| Lots of premium trader tools available | |
HotForex
HotForex is another MT4 exclusive broker with a long track tape in the Forex market place.
They make the MT4 trading platform available on desktop, webtrader and all kinds of smart and mobile devices.
They as well provide boosted features due to their collaboration with Blue Labs to enable some premium trader tools add-ons.
Their focus on customer service is where HotForex really began to gain traction in the marketplace. This approach has paid off big fourth dimension as HotForex is listed equally on the Top 100 Companies past Earth Finance Magazine and the award for Business Excellence 2015 (World Confederation of Businesses).
HotForex offers more 45 summit currency pairs and you can also trade risk free with over lxx CFD trading options available across the lath in stocks, indices, bolt, cryptos, futures, and bonds.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| No fees for deposits or withdrawals | Commissions high on Zippo business relationship |
| Spreads are depression on EURUSD and average on other pairs | Limited range of instruments |
| Depression eolith requirement for new traders with Micro accounts | Account opening non the easiest |
| Lots of premium trader tools available | |
ETX Capital
Traders choose ETX Capital for its reputation built up over 50 years through its FCA-regulated offering.
Their client service is excellent having finished Best in Grade in the Customer Service category in 2022.
ETX also offers very good educational resources although their research offering is basic and could be improved.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Cracking customer service | High trading fees |
| Very good educational tools | Bones research tools |
| Free multiple eolith and withdrawal options | |
| Flexible trading platforms | |
| Easy and fast business relationship opening | |
Dukascopy
Dukascopy Bank is an excellent selection for highly experienced traders cheers to its JForex platform suite which offers flexible trading platforms, manufacture-leading trading tools, with fantabulous market place research and analysis.
Dukascopy was founded in 2004 in Geneva, Switzerland and operate under a Swiss banking licence, regulated past the Swiss Financial Marketplace Supervisory Authority (FINMA).
They offering a wide variety of services and features for both beginner and professional person traders. They provide trading in Forex ECN through the Swiss FX Marketplace (SWFX), CFD trading on Stocks, Indices, Commodities and Cryptocurrencies, as well as access to Binaries trading.
Dukascopy offers several platforms to cull from including, JForex their proprietary platform and MetaTrader 4.
They also provide an impressive range inquiry trading tools including their own Dukascopy Television, a broad variety of trading contests and bonuses.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| 600+ tradeable assets | High commissions |
| Expert news and assay | Withdrawal fees |
| Wide range of market research tools | Minimum deposit is loftier |
| Flexible trading platforms including JForex and MetaTrader iv | |
Swissquote
Swissquote is a world-renowned and honour-winning FCA-regulated STP banker that targets the experienced trader – since their minimum deposits are higher than the average. They provide trading conditions that yous would look to go from a professional broker.
They offering access to many different markets, numerous instruments as well as wide range of currency pairs.
Swissquote provides both their ain accolade-winning proprietary software, as well as the MetaTrader suite, and offer premium belittling tools to clients for complimentary.
The broker also has a renowned customer service team which operates on multiple channels – such as, live chat, telephone, and electronic mail – for ease of advice.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| No inactivity fee | Loftier trading fees |
| Access to many markets | Not all research tools are free |
| Groovy market inquiry tools | Confusing platform |
| Flexible trading platforms | |
| Low forex fees | |
Forex.com
Forex.com basis their offering on a stiff, piece of cake to use platform that features well displayed and hands customizable charts and layouts.
They have a ton of costless to employ educational resources for all trading levels.
They as well make available a host of market forecasts, hosting webinars on trading strategy and updating their forex educational library.
Forex.com is 1 of the largest online retail Forex and CFD brokers. They provide access to over 180 global markets, including forex pairs, stocks, indices, cryptocurrencies and commodities.
They offer a range of different platforms from the Directly Market Access platform, Web Trader and MetaTrader4.
Forex.com really boasts having the largest number of servers to host MetaTrader than whatsoever other banker globally.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Low forex fees | Limited product portfolio |
| Great variety of currency pairs | Not then user-friendly trading platform |
| Lots of educational and enquiry tools | Inactivity fee |
| Low minimum eolith | Dull account verification |
EasyMarkets
EasyMarkets is known for its web-based service which has been designed with user experience in listen.
They accept a great reputation particularly with new traders due to its beginner-friendly features such equally low freeze charge per unit and deal counterfoil.
EasyMarkets offers traders a choice betwixt its ain proprietary platform and MetaTrader four (MT4).
The brand's own platform keeps things simple and clean in blueprint and use which tin can help the new trader to focus on trading. However, it may non be quite plenty to satisfy the more enervating or experienced traders.
That's where MetaTrader 4 comes in since it is one of the go-to platforms for online trading.
EasyMarkets offers trading in Forex, CFDs, Cryptocurrency and also provides copy trading too.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Excellent customer back up | Deal cancellations not available on the MT4 platform |
| Existent scenarios to trade in | |
| Easy to utilise platforms that are great for the beginner trader | |
| Good educational support | |
FBS
Dissimilar a lot of other brokers on this listing who offer multiple platforms which of course includes the MetaTrader iv platform, FBS is fully dedicated to offer MT4 exclusively.
This allows all levels of traders to have access to one of the best trading platforms in the market.
They offer lightning fast trades as well, which may be why they take over 12 million traders globally from over 190 countries.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Like shooting fish in a barrel and fast account opening | Non great on Forex training and pedagogy for beginner traders |
| Good customer support on multiple channels | |
ThinkMarkets
ThinkMarkets offering a range of markets including Forex, CFD offerings on equities, crypto, commodities, indices, futures, and more.
They offer support for MT4, MT5 and its ain ThinkTrader platform and ThinkMarkets mobile trading app on ii account types.
They have keen educational resource for the beginner trader but their marketplace analysis is lacking and oftentimes left to 3rd parties.
Customer support is splendid and provided locally and execution times are world-form, making them perfect for automated trading.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Easy and fast account opening | Not groovy on Forex training and instruction for beginner traders |
| Good client back up on multiple channels | |
Read 27 All-time Regulated Forex Brokers here
In Conclusion
Although it was released in 2005, xv years ago now, it is yet the nearly widely used platform today due to its easily friendly interface which is suitable for both beginner and experienced traders.
Information technology also offers a wide variety of versions for PC operating systems such every bit Windows, Mac, and Linux. Mobile apps are also available for iOS and Android devices.
Unfortunately, it does non have a web-based platform for understandable reasons, security being one of them.
The trading platform has iii integral parts: market, trading signals and mobile trading app. The Marketplace selection provides several technical indicators and robots (EAs) that traders buy to improve their trading experience. The trading signals allow traders to copy what others are doing.
There are a few reasons why the MT4 trading platform is so popular and has had such longevity. First of all, information technology is the first mainstream trading platform to come with an in-built scripting language, called the MQL4. With this, traders can create their own skillful advisors (EAs), which are used for algorithmic trading or automated trading.
Secondly, the MT4 trading platform also comes with an advanced charting bundle. The charts can support multiple timeframes and there is a big library of technical indicators which traders tin admission to overlay over their trading charts, for a more accurate reading of the markets.
Furthermore, the MT4 is well known for its impenetrable security. The platform uses 128-bit encryption to provide a condom and secure trading environs. Information technology also highly customizable and allows users to alter the language of the user interface and look of the trading screen.
If y'all are a trader that insists on using the MetaTrader4 to trade with, then you will need to choose a broker that offers this generic platform. Below you will find a comprehensive list of some of the all-time Metatrader 4 brokers in the market. This listing is not meant to be a ranking but rather a comprehensive list of good discount brokers in the market place.
Frequently Asked Questions
Which Metatrader 4 brokers are the best?
See the comprehensive list of 27 Best Metatrader 4 brokers on SAShares website here
Do y'all have to pay for Metatrader 4?
No price for downloading or using Metatrader four.
Is Metatrader 4 a broker?
It is an electronic trading platform used by traders. The software involved is licensed to brokers, who in turn provide it to their clients.
Does Metatrader 4 make money?
It is possible that the build in forex signals can help you to attain trading goals.
Is Metatrader only for forex?
Information technology was primarily built to be a forex platform.
Featured SA Shares Writer and Forex Annotator.
Source: https://sashares.co.za/metatrader-4-brokers/
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