MetaTrader 4 Review For Think Forex Traders In Australia
MetaTrader 4 is the most popular trading platform globally and is popular with the best forex brokers in Australia. The key strengths of the forex platform is the advanced charting options, adjustable indicators and the option for automation.
Automated Strategy Options
MetaTrader 4 (MT4) offers trading programs (MLQ coding) which can be installed easily onto the platform to run automated forex trading strategies. Australia forex traders just need to create the rules and the software will trade from there.
You can share these rules with other traders and there is an EA marketplace where you can access a library of these programs with forex trading strategies. You can also test these strategies out in practice mode to see how they would perform in real currency trading situations.
MetraTrader 4 offers a web-based platform allowing Australian forex traders to access the currency markets from any computer worldwide. The usual graphing tools and ordering options exists on this WebTraders version of MT4.
MT4 On Mobile Devices
MetaTrader 4 works on all mobile devices.
For all iPhone versions, Australian forex traders can gain access to charts, account history and can make traders. With the iPhone app updating in-line with each new iOS version, you will know that it will work seamlessly on your device.
The iPad app is similar to the iPhone app but adjusts for the larger screen size with a view-able interface more like the desktop version. Options such ad time-frame adjustment and the ability to zoom in on key areas make this a great compromise between portability and the smaller display.
The Android app provides a high level of functionality including charting options, the ability to trader as well as the ability to receive notifications. Any device running Android version 2.1 or newer can use the App.
Why ThinkMarkets Is Best Forex Broker For MT4
Unlike some other forex brokers, Think Markets (formerly Think Forex) provides the same order execution service to all their clients. There is no dealing desk intervention guaranteed or price manipulation. This allows Australian forex traders to focus on their traders know they are free of broker interference.
ThinkMarkets also offer high speed servers at premium locations to provide not only reliability for forex traders but also some of the fastest speed reducing latency when making trades.
ThinkMarkets was considered one of the best forex brokers also due to their ‘Smart Service’. This includes professional support provision across the phone, live-chat or e-mail. They are excellent at providing assistance in the most common FX aras such as technical support, tradition conditions and funding.
They are also considered one of the best forex brokers when it comes to their spreads. With 37 FX pairs on offer and a non-dealing desk (as explained above), they are well priced compared to other providers.
Finally, our forex broker comparison found they offer the highest leverage out of the Australian forex brokers at 500:1. This means that if you deposit just $100 you could trade with leverage of $50,000 which increases your risk profile but can also maximise returns.
About Compare Forex Brokers
Compare Forex Brokers has in January 2018 found the top Australian fx brokers (with Aust. regulation) and compared them by costs (pips), leverage and other features. From this comparison tables were created such as our best forex broker table with recommendations based on ‘best value’. Our forex broker comparison tables were created by information on the brokers’ websites and are updated regularly as these brokers make changes. Information showed on the site should be used as a guide only and full product disclosure, pricing and other broker material should be read first on the providers site before making the final decision of which broker to trade with.