FX trading has been increasingly more accessible and growing in popularity not only amongst experienced investors but also the average person. As a beginner in trading, you are most likely at the stage of researching different strategies and experimenting in practice, while trying to find what works best for you. You have also likely heard numerous finance experts mention something called “FxPro MT4” and wondered if they know something you don’t… Well, you’ve come to the right place, as this article will answer all of your questions regarding MT4 and the reasons you may want to start using it.
MetaTrader 4, also known as MT4, is a modern trading platform widely used by thousands of brokerages and traders around the world. Originally developed and released in 2005 by Metaquotes Software Corp., MT4 is currently one of the most popular and trusted platforms available in the market.
The key purpose for MetaTrader 4, as for every other trading platform, is to facilitate online trading with a range of advanced capabilities and control options, while also allowing for comprehensive analysis of the financial markets. In addition to that, with a regulated approach as well as cybersecurity features, they create a safe environment for trading.
Besides Forex trading, MetaTrader 4 also supports investing in cryptocurrency, company shares, stock indices, spot metals, spot energies and futures. The platform is known to be suitable for beginners with its highly intuitive and user-friendly interface, however, it also offers a wide range of advanced functionality, various order types and extensive technical indicators, which make MT4 also great for more experienced users.
Now that you understand a bit more about MT4 and what it is used for, you are probably wondering why this trading platform, in particular, is better (and more popular) than others? There are a few different reasons for this, but below are perhaps the most prominent ones.
First of all, MetaTrader 4 is completely free and the download process is quick and easy: all you need to do is click here, download the correct version of the platform, launch it and log in to your account to start trading. The platform is compatible with different operating systems, including Windows and Mac, as well as has a mobile version for a convenient access on your smartphone.
Furthermore, with years of experience under their belt, MT4 is an extremely well-established and trusted platform in the market. In fact, hundreds of brokers offer MetaTrader 4 as their trading platform, including the market leaders like FxPro, FXCM, Forex.com, Admiral Markets, ETX Capital and so on..
In addition to this, MT4 offers some of the most innovative, smart technology that elevates casual investing to a much more advanced level. One of such features include the Expert Advisors (EAs), which are essentially automated trading bots. This AI-based technology uses algorithms to monitor and analyse the financial markets based on various parameters and find the best trading opportunities available.
Another useful functionality available on the MetraTrader 4 platform is Trading Signals – the ability to automatically copy the deals that other traders have performed, in real time. There are hundreds of successful Forex traders who make their trades publicly accessible, for others to use (in trading terms, they are called signal providers). Some do this for free, while other signal providers will charge a small fee. MT4 facilitates this exchange, from providing you with the publicly available signals to letting you automatically copy them in your own account.
Founded in 2006, in the UK, FxPro is one of the most trustworthy and popular brokers across the globe. The reliability of the FxPro does not only reflect in the approval of official regulatory bodies (FCA, CySEC, FSCA and SCB) but also the numerous awards that the platform has achieved, including the title of “Best in Class MetaTrader Broker” in 2020 and the “Best MetaTrader Broker” award in 2019. Currently, FxPro is operating in 173 countries worldwide and supports a range of trading platforms, including MetaTrader 4, 5 and cTrader.
Trading markets through an FxPro MT4 is generally considered to be one of the most comprehensive and advanced solutions for Forex trading, utilising the many discussed capabilities of both of these platforms. The FxPro MetraTrader 4 account operates based on a marked-up floating spread model, which makes it a zero commission account, meaning that the broker makes revenue from the spread (the difference between two prices, rates or yields when trading) as opposed to commissions. It also has a variety of trading markets available, a great customer support team to help you with any issues and a wide selection of technical analysis features. Perhaps the most notable tool integrated within the FxPro MT4 account to mention, is the Trading Central – a smart technical analysis tool that automatically scans the financial market for promising trading ideas, based on your selected currency pairs. The tool provides you with lots of invaluable and personalised trading insights, including technical, sentiment, economic and fundamental analysis, which you can access on the FxPro MT4 platform through charts, notifications or a newsfeeder plugin.
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