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 for 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.
#Ctrader broker software#
The software in its standard form is compatible with the Windows OS, however some of the online brokers provide a customised 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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