In 2005, a legendary trading platform was born. Russian software development company MetaQuotes released MetaTrader 4 targeting the Forex market.
Ever since the release of MT4, the popularity of this trading platform hasn’t declined. In fact, it remained one of the best after so many years and became one of the most-used trading platforms among retail traders.
After 5 years, MetaQuotes once again released a trading platform. This time, they are aiming to target the larger market, not just the Forex trading industry but also the commodities, indices, cryptocurrencies and so much more.
Despite the emergence of MetaTrader 5, MT4 didn’t take the top spot. Certainly, MT5 offers more features and indicators as well as a wide range of markets to trade.
But what makes MT4 still appealing despite all the advancements seen in MT5, is its lightweight and user-friendly user interface.
If you are not a heavy trader and only want to trade Forex, why would you choose a more complicated trading platform? That won’t really make sense.
Although MT4 has some weak points that traders choose to overlook, it also has its set of record-breaking advantages that gives traders the very reason to choose this trading platform above any other trading platform in the market today.
User Experience
Let’s talk about the biggest advantage of MT4 – the user experience. Beginners will find it easy to navigate this trading platform because its user interface is entirely easy to use.
Just after a couple of tries with the demo account, the trader can readily enter a trade in the live market because of its easy-to-understand interface. If you switch to another broker, you don’t have to start again with MT4 because the data which was saved from your previous MT4 account can still be used with the ones from your new broker.
If you want to become a sophisticated trader, you can check on the active external market of MT4. They are more than willing to assist you with additional indicators, plug-ins, and Expert Advisors.
Charting
Once you try the charting capabilities of MT4, you will not want to change another trading platform ever again. Although it has received a couple of criticism because it is not as sophisticated as other chartings from other trading platforms, it is popular for being less cluttered, and not hard to deal with.
After all, the last thing that you should mind as a trader is not being able to properly see important points just because of your cluttered screen. Something neat and the clutter-less screen is practically good for new traders and experienced traders too.
Customizable
Another unparalleled capability of MT4 is its ability to allow customization. With all its screen format, trading indicators, and add-ons, everything can work according to your needs.
Automated Trading
One that works even without your constant intervention – that is how pleased MetaTrader 4 is. This is one of the reasons why you don’t really need to change to MT5 as this will only cause unneeded hassle. There is also a marketplace in MT4 where you can buy customized EAs and other services from third-party participants.
