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MT4 Forex Brokers

  • MetaTrader:
    • Developed by MetaQuote
    • Earliest version of MetaTrader was released  in 2002. MT4 was a significantly enhanced version and released in 2005.
    • Currently, most retail forex brokers use MT4 (MetaTrader 4) as trading software.
    • It’s widely used by online retail forex brokers & traders
    • In 2010, MetaQuotes released MetaTrader 5. However, most brokers & traders still use mt4
  • MT4 Benefit
    • Free & Great charting tool.
    • Free strategy testing tool.
    • Allow keeping both Long and Short positions on the same currency pair at the same time.
    • Support algorithmic trading. Traders can write their own trading scripts, custom indicators and automated trading robots (EAs).  (scripting language: MQL4/MQL5)
    • There are large number of indicators and EAs (many are free) written for metatrader (MT4 community Codebase: http://codebase.mql4.com/)
    • MT4 can be installed on a forex VPS server that run 24/7.
    • Support one-click trading
  • About Metaquotes:
    • MetaQuotes Software Corp. is a Russian software company
    • Established in 2000 in Russia
    • Specializes in the development of software for financial markets.
    • Registered in Cyprus
    • Founded and  primarily based in Russia
  • History of Metaquotes Software
    • In early 2002, MetaQuotes released its third version of MetaTrader.
    • July 1, 2005, it released MetaTrader 4 or MT4. (support programming language MQL4)
    • In 2005 TeamWox, a CRM system was developed for internal use
    • In 2009, the first commercial version of TeamWox was released
    • On June 1, 2010 MetaQuotes officially released MetaTrader 5 or MT5.(support programming language MQL5) The new MT5 client trading terminal differs in some ways from MT4 and was not backward compatible
    • On April, 2011 MetaQuotes launched a service called MQL5 Cloud Network which allowed users to sell their idle time for distributed computing tasks.
    • In 2012 MetaTrader 5 Trading Platform has been Certified for the Singapore Mercantile Exchange.

Brokers that support MT4:

InstaForex

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Company: InstaTrade LLC; InstaTrade Investment Company Ltd.   Warning:January 13, 2015:  French AMF published a updated list of forex brokers that offer forex trading service in France without authorisation of AMF.  InstaForex is on the list.   June 9, 2014:  The Ontario Securities Commission warned against InstaForex, because  instaforex “is not registered to engage in the business of (i) trading in securities or (ii) […] Continue Reading →

TradingBanks

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Company: Grizzly Limited Warning: This Broker is not regulated . DECEMBER 1, 2015 · Belize’s IFSC warns against unauthorized Forex broker TradingBanksWARNING NOTICE AND CEASE AND DESIST ORDER  TradingBanks It has come to the notice of the International Financial Services Commission of Belize (IFSC) that an entity calling itself“TradingBanks” claims to be a brand owned and operated by one of our […] Continue Reading →

Dukascopy Bank SA

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Company: Dukascopy Trading Technologies Corp. Note: Dukascopy Bank SA (In Switzerland) is regulated by the Swiss Financial Market Supervisory Authority FINMA both as a bank and a securities dealer.   Dukascopy Europe(in Latvia) is not regulated as a bank or a securities dealer  and is not regulated by FINMA.    Continue Reading →

Finexo

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Company: Safecap Investments Ltd. Note:  2015-7-2:  Cysec fined Safecap Investments Ltd €168,000 “The Cyprus Securities and Exchange Commission (the “CySEC”) would like to inform the public that, at the meetings held on the 2nd March 2015 and on the 25th May 2015, decided to impose the total administrative fines of €168.000 to CIF Safecap Investments Ltd (‘’the Company’) for […] Continue Reading →