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MetaTrader 4 description
MetaTrader 4 is a popular electronic trading platform used primarily by forex traders. It offers tools for trading, technical analysis, and automated trading through expert advisors (bots). Traders can customize their experience with add-ons and access market data and signals. While popular, MetaTrader 4 is no longer available for purchase, with its developer now focusing on its successor, MetaTrader 5.
Who is MetaTrader 4 best for
MetaTrader 4 is a popular platform among forex traders, offering tools for trading, technical analysis, and automated trading. We've noticed that users appreciate its wide range of tradable assets and customizable charts. However, some users report issues with the app freezing and inaccurate pricing, so keep this in mind.
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Perfect for medium to large enterprises seeking a customizable and reliable platform.
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Ideal for companies in the Finance, Banking, and Insurance sectors.
MetaTrader 4 features
Supported Trading Platform: Facilitates trading various financial instruments, primarily forex. |
Supported Automated Trading: Allows automated trading using expert advisors (bots). |
Supported Technical Analysis: Offers tools for charting and analyzing market data. |
Supported Market Data & Signals: Provides access to market data and signals. |
Supported Mobile Trading: Enables trading from mobile devices. |
Supported MetaTrader Market: A marketplace for trading robots and indicators. |
MetaTrader 4 reviews
We've summarised 76 MetaTrader 4 reviews (MetaTrader 4 TrustPilot reviews and MetaTrader 4 G2 reviews) and summarised the main points below.
- Wide range of tradable assets including commodities, CFDs, and currencies
- Fast and easy to use for basic trading operations
- Mobile app convenient for trading on the go
- Customizable charts with various indicators
- Large community of users and available resources
- App frequently freezes and lags, impacting trades
- Inaccurate pricing and charts differing from other platforms
- Stop-loss orders fail due to lag, leading to unexpected losses
- Default trading instrument reverts to EUR/USD, causing accidental trades
- Difficulty logging in after recent updates
MetaTrader 4 pricing
The commentary is based on 3 reviews from MetaTrader 4 G2 reviews and MetaTrader 4 TrustPilot reviews.
We find that MetaTrader 4 is generally considered free to use, though some users have raised concerns about brokers' potential misuse and misleading pricing. It's wise to start with a demo account and minimal investment.
Users sentiment
MetaTrader 4 alternatives
MetaTrader 4 FAQ
MetaTrader 4 is a widely used electronic trading platform, especially for forex traders. We find that it offers tools for technical analysis, automated trading, and managing trades. However, note that its developer now prioritizes MetaTrader 5.
What is MetaTrader 4 and what does MetaTrader 4 do?
MetaTrader 4 is a widely used electronic trading platform, especially for forex traders. We find that it offers tools for technical analysis, automated trading, and managing trades. However, note that its developer now prioritizes MetaTrader 5.
MetaTrader 4 integrates with a range of tools through its MQL4 programming language. This allows developers to create custom indicators, scripts, and Expert Advisors (EAs) that extend the platform's functionality. There's also a marketplace with various add-ons.
How does MetaTrader 4 integrate with other tools?
MetaTrader 4 integrates with a range of tools through its MQL4 programming language. This allows developers to create custom indicators, scripts, and Expert Advisors (EAs) that extend the platform's functionality. There's also a marketplace with various add-ons.
We find that MetaTrader 4's main competitors include MetaTrader 5, TradingView, Active Trader Pro, and cTrader. These platforms offer similar trading and analysis capabilities, often with a more modern interface or broader instrument selection.
What the main competitors of MetaTrader 4?
We find that MetaTrader 4's main competitors include MetaTrader 5, TradingView, Active Trader Pro, and cTrader. These platforms offer similar trading and analysis capabilities, often with a more modern interface or broader instrument selection.
MetaTrader 4 is a legitimate platform, but it's no longer supported by its developer, MetaQuotes. We recommend exploring MetaTrader 5 or other alternatives for ongoing updates and support.
Is MetaTrader 4 legit?
MetaTrader 4 is a legitimate platform, but it's no longer supported by its developer, MetaQuotes. We recommend exploring MetaTrader 5 or other alternatives for ongoing updates and support.
We couldn't find pricing details for MetaTrader 4. Contact the vendor directly for specific pricing information.
How much does MetaTrader 4 cost?
We couldn't find pricing details for MetaTrader 4. Contact the vendor directly for specific pricing information.
Based on the reviews, user opinions on MetaTrader 4's customer service are mixed. Some users mention helpful support in the chat, while others express frustration and describe feeling misled.
Is MetaTrader 4 customer service good?
Based on the reviews, user opinions on MetaTrader 4's customer service are mixed. Some users mention helpful support in the chat, while others express frustration and describe feeling misled.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.
An AI tool that observes your work, finds inefficiencies, and suggests smarter ways to do things. Maybe you can use your tools better, automate tasks, or switch software.