MetaQuotes Software Corp. developed the first trading platforms to trade Forex, CFDs, stocks, and futures in 2000 and 2001. They had relatively few capacities of the trader terminal and didn’t become popular among traders. In early 2002, the company presented MetaTrader 3, where the programming language and functions’ capabilities were significantly expanded. This trading platform existed for three years.
In 2005, software development company MetaQuotes developed the MetaTrader 4 that has been the most popular trading platform since then due to its multifunctionality and ease of use.
An upgraded version of the trading platform, MT5, appeared in 2010. However, the MT5 hasn’t become more popular than the MT4. Read on, and you will learn about the advantages of MetaTrader 4 and what is special about the MetaTrader 5 platform.
The MT4 was initially designed for forex retail trading. The MetaTrader 4 is so popular because it is multi-functional, user-friendly, and mobile. The platform has an intuitive interface; it is not overloaded with ample information, panels, and buttons. Some functions are duplicated in the menu on the toolbar and the menu called by the right mouse button.
The main features of MT4:
The platform is designed for Forex trading. You can trade currencies as well as CFDs on indexes, shares, bonds, commodities, and cryptocurrencies.
MetaTrader 4 is a mono-threaded platform for 32-bit operating systems. It will work on 64-bit operating systems as well, but there may be compatibility problems.
The MT4 platform supports more than 30 languages.
Another reason for MetaTrader 4 popularity is the marketing and technical support from its developer, MetaQuotes. The software developers team is continuously working on the upgrading and improvement of platform code. The license is affordable for brokers, so the MetaTrader products are more popular than other platforms.
The main advantages of the MT4 compared to other platforms are:
And one more benefit is that the trading platform is free for traders. Continue reading on Litefinance.