Hot Stories

Tonto Dikeh Gifts Uche Maduagwu Plot of Land And N2.5 Million For Being a Good Friend (Video)

EFCC Declares Yahaya Bello Wanted

Mixed Reactions As Owerri Citizen Opens Junior Pope Shawarma Stand (Video)

Portable Laments Going Broke Over The No-spray Policy (Video)

Paternity Fraud Should Be Criminalised Like R3pe - Actor Salami

Lady Left In Shock After Her Father’s Side Chick Shares Video Of Them

Who Be Your Papa? – Nollywood Actor, Emeka Ike Blasts Alleged Son Who Left School For Music

What I Ordered Vs What I Got: Nigerian Lady Shares Video Of Wig She Purchased For N135k

Chioma Spotted At Davido's Concert In US (Video)

I Want A Lot Of People To Stay Away From Me - Mercy Johnson

Why I Was Involved In Altercation With Ortom At PDP Meeting – Dino Melaye

You Have Failed Me - Portable Calls Out Queen Dami Over Her Refusal To Bear Him A Child

Man Seen Cleaning Late Wife's Grave 17 years After Demise (Video)

I’m Only GOAT in Nigeria – Davido

Boat Cruise: Ruger Under Fire Over Tweet Targetting Women

DJ Commissioner Wysei, Not DJ Switch, Was Arrested – Lagos Police Clarifies

Guinness World Record: 16 Hours In, Nigerian Onakoya Remains Unbeaten In Chess Marathon

Davido Offers Lady $50K To Clear Off Her Student Loan (Video)

Get Court Order If You Want DNA Test – Iyabo Ojo Tells Mohbad’s Dad

Hunger Wants To Finish Me. I Didn’t Make A Penny At My Last Show Because People Were Scared Of Spraying Money — Rapper Speed Darlington Cries Out

Why FX Traders Are Still Trading With MT4 in 2022

Posted by Thandiubani on Fri 18th Mar, 2022 - tori.ng

Let’s go through some advantages of MT4 to understand why it’s still relevant for Forex traders to use it among lots of trading platforms.

Though new technologies are taking over the world and creating opportunities for traders of all types, many still prefer to trade on Metatrader 4. What makes this so? Why do so many still use the Metatrader 4 after all these years? We will try to answer this question by introducing you to the advantages of the latter.

Main advantages of MT4

Let’s go through some advantages of MT4 to understand why it’s still relevant for Forex traders to use it among lots of trading platforms.
Multi - Devices - trading is easier when the platform and the instruments are always at hand. The platform developer took care of that and made the Metatrader 4 multi-device. It is possible to download MT4 for PC as well as on mobile phones.
Designed for Forex trading - take to attention that Metatrader 4 was developed namely for Forex traders. Metatrader 4 was designed with the goal of catering to forex traders' needs. It's no wonder then, that this platform has become so popular among them and Forex brokers alike! Note that the biggest part of Forex brokers offer MT4 instead of any other trading platform, which one more time proves its efficiency.
Multilingual - it is very suitable for traders worldwide to trade on multilingual platforms. Fortunately, the Metatrader 4 supports this function making everything easier as it can be.
High security support - the trading platform is known for its high standards of security. The double encryption on MT4 ensures that your transactions will be safe and secure.

MT4 vs MT5

You should research and compare different trading platforms to find the one that best suits your needs. Competition between Metatrader 4 vs 5 is something else you need to take into account while doing it.

Many traders leave MT4 replacing it with the new one. Anyways, the amount of traders that prefer trading with MT4 are still more.

If you try to compare the interface of these two, you will understand that it is quite the same: both are simple in using. The main difference is the programming language the platforms use.

Anyways, even with the more powerful programming language, MT5 doesn't catch up with its popularity with its main competitor.

Why are Forex traders still trading with MT4 in 2022?

As you can see, Metatrader 4 has plenty to offer and it's been around for over 15 years. But the demand among Forex traders is high due not just because there are so many features but also how trustworthy this platform feels like when trading on them. So as an addition we would like to mention not its assortment of charts and indicators but the trust among the traders.

The Metatrader 4 trading platform is one of the most popular and trustworthy on offer. It would not be so useful or reliable if traders didn't trust it enough to use, which they seem satisfied with since lots other brokers also provide this service - HotForex included.

It is known that there would be no demand if the product won’t be trustworthy. Well, there is no such problem with Metatrader 4. It wouldn’t be as usebale and popular as it is now if traders didn’t trust it. Besides, lots of competitive brokers such as HotForex offer Metatrader4, which reinforces the trust in the trading platform.

The potential consumers mostly give their preference and trust to the products that are already popular in the market and have high demand for them. That’s why the Metatrader 4 doesn't lose its demand and is still attractive both for beginners and experienced ones.

Conclusion

With the help of the article we introduced the main features and advantages that MT4 offers. It has been a popular and trusted platform for Forex traders since it was released. This popularity can be attributed not to its efficient features, which have made this software an essential part of many trader's toolkits today, but with the trust of traders that it worthed throughout the years.