The Plus 500 MetaTrader 4 doesn’t exist, instead the broker offers it’s own platform and features:
- A plethora of currency pairings to trade
- The ability to trade shares as well as forex and other financial products
- A sign-up bonus
- Minimal deposit requirements to open an account
MetaTrader 4 is one of the most popular pieces of software in the Forex market and amazing has been so for over ten years. Nearly every broker boasts MetaTrader 4 (MT4) in its suite of trading platforms offered to clients. We discuss some of the reasons why this platform has stood the test of time down below.
The Metatrader 4 trading platform has been a favourite among brokers and traders for nearly ten years. In fact 2017 marks just over 10 years since the evolution of Metatrader 3 was released. Building on the successes of Metatrader 3, the only similarity Metatrader 4 has with its predecessor is the software’s name. According to the CEO of MetaQuotes Software Corporation, the company behind Metatrader, “everything (about Metatrader 4) was written from scratch.” Some of the new features emphasised by the new MT4 platform included brand new architecture and improved functionality which, even before the software’s official release, was purchased and adopted by numerous brokers around the world. The platform’s major draw-card was that traders could finally take advantage of a powerful tool to trade and analyse multiple financial markets all for free.
Metatrader 4: An Overview
The MT4 platform truly is a powerful online trading platform that has stood the test of time. The software was designed by MetaQuotes to provide brokerage facilities to customers in three main financial markets: Forex, CFD and Futures markets. Despite numerous trading platforms, some more superior, being developed in that time, Metatrader 4 is still one of the best forex trading platforms available currently. It is so popular that some Forex brokers such as Pepperstone continue to offer it to clients despite the more advanced Metatrader 5 now being available.
Many Forex brokerage businesses have been formed over the last ten years as a direct result of the Meta Trader 4 tool. One of the main reasons for this is that Metatrader 4 is a full cycle platform that combines both back office elements and front end terminals. This makes it incredibly affordable for brokerage businesses to offer traders exceptional service, as they are not required to invest in any other software or equipment.
Metatrader 4 Platform Architecture
This detailed image effectively explains how the MT4 platform works connecting the core server with managers, administrators, data centers, client and mobile terminals.
As depicted in the image above, the Metatrader 4 platform provides traders with access to Forex markets on multiple devices including PCs, tablets and smartphones.While certain functionalities might not be available on mobile devices, it fill traders with confidence know they can access the markets and their open trades even while away from their desks.
Plus500 and Metatrader 4
A lot of has been made of the fact that Plus 500 do not offer Metatrader 4. During our Plus500 review we established this which is why we couldn’t rank them any higher in our best forex trading platform comparison.
However, a common argument put forth by the Plus500 company is that their trading platform offers traders an easier no-nonsense experience. The company cites that most traders do not take advantage of the multitude of features offered by Metatrader 4. Traders are busy trying to understand how the Forex market works and what trading strategies work for them; they don’t have the time to learn the ins and outs of how platforms such as MT4 work. We choose to perceive this as a glowing endorsement of the supremacy of Metatrader 4 among its peers.
In 2017, Metatrader 4 is still one of the most exceptional trading platforms available. Roughly 10,000 currency traders, each with multiple accounts all operating at the same time, can be accommodated on the one system. Even though plenty of Forex brokerage companies now offer more advanced, up to date systems, Metatrader 4 is still a fan favourite and remains a cornerstone of Forex companies the world over.
About This MetaTrader 4 Review
As a Forex Broker review website we have come across and have reviewed the MT4 platform plenty of times. Plus500 does not offer this market leading platform as their value proposition is all about ease of use for new traders, which their own specially designed platform caters for. Other companies that offer MetaTrader raft of trading platforms including Meta Trader 4 include Pepperstone, IC Markets, ThinkForex, FXCM and Easy Forex. This review tried to delve into areas of the platform we haven’t approached or discussed before such as platform architecture. We aim to provide readers with insights and analyses about brokers and platforms from all angles. If this review doesn’t have everything you’re looking for have a browse through some of our other MT4 articles. We’re confident you’ll find what you’re looking for.