What is MetaTrader 4?MetaTrader 4 or MT4 is hands down the world’s most popular online trading platform, used by millions of retail and professional traders all around the globe. MT4 was developed by MetaQuotes Software in 2005 and is widely regarded as a forex trading platform, although it can be used to trade other asset classes, for example, EforFX clients can use MT4 to trade FX as well as Indices and Commodities.
MT4 offers the most comprehensive range of sophisticated trading functionality within the online trading industry, including a simple, easy-to-use trading interface, enhanced charting package, technical indicators and probably its biggest selling point – MQL language coding which allows traders to “plug-in” Expert Advisors (EAs) that will then automate a chosen trading strategy to trade the markets without any user intervention. Trading via MT4 also allows you to implement strategies of any complexity; market and pending orders, instant execution, trading from a chart, stop orders and trailing stops, a tick chart and trading history – all these trading tools are at your disposal. MT4 is easy to download – you can download it directly from the MetaQuotes website or if you are interested in trading MT4 with EforFX, you will need to sign up for an account first – please click here to start your application.