Check out why Metatrader 4 is a trusted online trading platform. Selecting a suitable trading platform is important for an optimal trading experience. The selection process is impacted by many different factors, particularly in terms of trust and security. In this article, we’ll look at what makes MetaTrader 4 a trusted platform for millions of global traders.
Customer feedback
One of the ways to establish the trustworthiness of a trading platform is its reputation. Launched in 2015, MetaTrader 4 has over the last 11 years earned itself stellar trader feedback and customer testimonials. The platform is synonymous with reliability and stability and is renowned for the advanced trading tools it offers. Continuously updated has also made MT4 a trading platform of choice among a very loyal consumer base comprised of traders with varying levels of expertise.
Top-tier user experience
The unprecedented number of positive online trader testimonials that exist is a testament to the superior user experience MT4 offers. So much so that the platform can assist both novice and experienced traders to execute the simplest or most complex trading strategy through a combination of different orders. This includes:
- 2 market orders
- 4 pending orders
- 2 stop orders
- a trailing stop
The platform also supports 3 execution modes (instant, request and market), boosting flexibility. Enhanced by almost every trading and analysis tool a trader needs to boost trade performance and increase the potential for profit, makes MT4 an obvious choice. And whilst not without occasional glitches, millions of traders have been using the MetaTrader 4 platform for more than a decade. This should further instil a sense of confidence in the reliability and simplicity of the system.
Protection of sensitive data
The security of a trading platform is critical, largely because of the nature of the data the platform handles (financial, credentials, etc). MT4 is said to comply with some of the highest security standards to ensure the safety of any sensitive information. The exchange of data between servers and client terminals is encrypted, as are the IP addresses of traders. This provides traders with the assurance that their accounts are safe from attempted hacks.
Automated trading
Forex trading is highly volatile and comes with it much stress and anxiety. Picking a trading platform that can mitigate the negative impact of one’s emotions that may lead to adverse trading decisions is crucial. Automated or algorithmic trading is one of MetaTrader 4’s most popular (and robust) features. It makes use of Expert Advisors (trading robots) to execute trades, eliminating human (emotive) interference. The trading robot uses trading signals based on predefined rules to automatically enter and exit trades. This removes feelings like fear, nervousness or impulsiveness from the equation, ensuring the execution of optimal trades. While not without risk, algorithmic trading instils a measure of trust in MT4 in the way it automates how trades are opened and closed with speed and accuracy.
Mobile applications
Several MT4 mobile applications exist enabling traders to enter and exit positions wherever they are across the globe. It makes trading possible across multiple devices, at any time, internet connectivity permitted. This has made MetaTrader 4 a sought after trading platform worldwide, enhancing its reputation as an innovative tool for traders.
MQL5 Online community
The MQL5 community offers an innovative range of services to traders using the MT4 and MT5 trading platforms. This includes a web terminal for technical analysis and trading, a social trading platform, virtual hosting, a market of trading apps, etc. Visitors to this online community can also come together to communicate and discuss issues related to trading, automated trading systems, strategy testing and the use of technical indicators. A community of this sort fosters collaboration between traders, promoting the exchange of ideas and strategies, and enhancing the overall trading experience.
Learning how to use MetaTrader 4
If customer stories or reputation are not enough to convince you, consider opening a demo trading account with a leading broker like T4Trade and discover the benefits of the MT4 platform without putting your own money at risk. A demo account offers the perfect opportunity to navigate the MetaTrader 4 platform as well as test different strategies and concepts on it. It provides a way for beginner traders to learn more about different financial markets, and how to trade in them.
Simulating a live trading environment, the demo account allows you to execute a range of trades using MT4’s trading tools and then analyse outcomes, in order to make adjustments to your trading plan if necessary. In this way, you get a real-life perspective of what live trading looks like with MetaTrader 4, but without putting your own capital at risk.
In conclusion
It goes without saying that no trading platform is perfect or without fault. However, the MetaTrader 4 platform has earned the respect of all types of traders everywhere. It, therefore, stands to reason that the system is an exceptional choice to conduct your trading activities. Furthermore, opting to sign up for a demo trading account in order to test the quality of MT4 should cement what millions of traders are saying.
The demo account will provide you with the best way to test MetaTrader 4 firsthand, giving you a better idea of what to anticipate further into your trading journey. In addition, registering for a demo trading account will also enable you to assess the broker giving you access to the platform. This provides the perfect opportunity to assess the level of service you can expect to receive, and to what extent they can help you further develop your trading skills and expertise.
Why You Should Choose T4Trade as Your Broker
T4Trade is a leading broker with a global client base. The broker offers traders access to an extensive range of tradable instruments as well as some of the world’s most popular financial markets (shares, forex, metals, commodities, indices, futures). Traders can choose from various trading accounts that best fit their trading requirements. They can also take advantage of competitive spreads, flexible leverage, and fast executions, among other features. The T4Trade Academy also provides traders with extensive educational resources to boost their trading knowledge, enhance their skills and increase confidence.
