The forex market is one of the most lucrative trading tools available to traders. The average daily trading volume in the market exceeds $ 7 billion, which explains why new entrants are regularly attracted to the market. Professional traders often use trading platforms that simplify the process of buying and selling securities. It is one of the most widely used trading platforms known as Meta Trader 4 (MT4). What are the most important advantages of the platform?
What is MetaTrader 4: platform overview
The MT4 trading platform is a simple and easy tool for buying and selling various assets, doing technical analysis using indicators, and testing trading strategies. MetaTrader 4 supports three different modes of operation and eight different types of orders (two market orders, two stop orders, and four more pending orders). At the same time, the tool can be adapted to a wide range of trading methods, including more complex ones.
MetaTrader 4 has robust analytical tools that enable traders to conduct in-depth studies of currency fluctuations. In addition, clients can choose from nine different periods for each financial instrument. Interactive charts, 23 analytical objects and 30 built-in technical indicators help traders to identify the slightest price movement in order to make an informed choice.
A list of principal advantages of MetaTrader 4
Why is MT4 such a popular platform? Below are the benefits of MT4:
- The total number of trading instruments available for leverage exceeds 100; This is why the platform benefits both novice and experienced traders.
- MT4 supports all online libraries, custom indicators and advisors.
- MT4 is available for Windows PC and Android and iOS mobile devices.
- With this trading tool, users can close multiple positions and manage multiple accounts.
- MT4 is easy to use, but some elements can be changed by specific traders.
- Apart from the many benefits for consumers, MT4 integration enables brokers to compete successfully in the Forex market.
Integrating MetaTrader 4
Becoming a Forex broker is fraught with dangers, but the integration of a reliable and time-tested trading platform removes these obstacles. There are two different integration methods:
- Purchase a license. The broker receives the API of the trading platform in order to use all of its functions. Brokers can use the API to install plugins and gain additional capabilities. In addition, in this case, brokerage firms are completely self-sufficient.
- White Label MetaTrader solution. The WL solution is essentially a MetaTrader 4 rental. Other licensed brokers provide newbies with the most unusual features and odds on the Forex market.
According to the data, 85% of newbie brokers choose the White Label Forex solution. To begin with, the MT4 certified cost is around $ 120,000 – such a high price is not affordable for beginner brokers. Additionally, the White Label FX solution provides you with the backing of a large and reputable company.
For example, B2Broker is the market leader providing brokers with innovative and efficient solutions (like MT4) that take their companies to new heights.