They can be very useful for either new traders who may need the help of computer programs to execute strategies, or traders with limited time available to devise their own strategies. These tools can execute trades on behalf of users and can be configured based on user preferences. Expert Advisors – MT4 provides for robot-based, algorithmic trading through Expert Advisors (EAs).Charts – The platform provides excellent visualization of market data through different types of charts, which can be selected by traders based on their preferences.Hence the platform is now available in multiple languages, which makes it more accessible for non-English speakers. Multiple languages – Due to the widespread popularity of MT4, the platform is in many different countries.The platform provides a good degree of flexibility for the creation of indicators and use of tools, allowing the user experience to be tailored to the needs of the individual trader. It also caters to automatic order execution with computer programs written in the MQL4 language, which is proprietary to MT4. MT4 is often used for margin trading, allowing users to have leveraged exposure to Forex markets. The software in its standard form is compatible with the Windows OS, however, some of the online brokers provide a customized version of MT4 which is capable of running on iOS systems. The platform can be downloaded and used directly, or more frequently, is licensed out to online brokers who then make it available to their customers. MT4 is primarily a Forex trading platform, developed by Metaquotes. Even MT5, the latest MetaTrader release, has thus far been unable to surpass the popularity of its predecessor, although there are indications that this is beginning to change. MetaTrader 4 (MT4) is one of the most popular platforms available today and is considered the industry standard.

This article will discuss the similarities and differences between the most popular Forex trading platform, MT4, and cTrader.

Drawing comparisons between the trading features available on the platforms will allow a trader to evaluate which one is the most suitable for their needs. How popular a broker’s platform becomes will depend on its usability and functionality. Today’s advanced technology has enabled the creation of many new trading platforms, allowing users to execute trades, evaluate markets, copy portfolios of more experienced traders, and much more.

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