That being said, our research found that there are at least 3,006 (counted on mobile) MetaTrader 4 (MT4) servers, and an even larger number of MetaTrader 5 (MT5) servers globally. MetaQuotes Software does not release any figures that reveal the number of brokers that use MT4. The MetaTrader suite, which is licensed by brokers and offered to traders, is one of the most widely-used trading platforms for retail forex and CFDs trading globally. Check out our full-length review of IC Markets’ here.įounded in 2000, MetaQuotes Software Corp is the developer of MetaTrader4 (MT4) and MetaTrader5 (MT5) software. Our top pick for MetaTrader in 2023 is IC Markets, which offers the full MetaTrader suite alongside competitive pricing, add-on trading tools, and quality market research. We’ve tested dozens of the best forex and CFD brokers and compiled a list of the best MetaTrader 4 brokers. It is important to only choose trustworthy brokers that are properly licensed and regulated, to reduce your chances of dealing with a scam MetaTrader 4 broker. Most brokers also offer demo accounts that allow you to practice trading with virtual funds before graduating to live trading with real money. Once you’ve chosen a forex broker, simply open and fund a brokerage account and then download the MetaTrader 4 software directly from your broker to start trading forex and CFDs. How do I set up a broker on MetaTrader 4? See how we evaluate brokers' trustworthiness.Ĭhoose the right broker for you that offers MT4 (or MT5), and then download the broker’s version of the platform directly from the broker’s website to start trading (or practicing with a demo account). However, some forex brokers that offer MT4 may lack proper regulation in the countries in which they operate, thus it is important to only choose trustworthy MT4 brokers. for mobile, web, and desktop computers.Ī forex broker simply needs a proper license from the developer in order to offer MT4 to you as a customer. MetaTrader 4 and MetaTrader 5 (MT5) belong to a suite of trading platforms developed by MetaQuotes Software Corp. Here is a list of forex brokers that offer MetaTrader 4:Īny broker that offers the MetaTrader 4 (MT4) trading software can be considered an MT4 broker. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Between 65% and 82% of retail investor accounts lose money when trading CFDs. This guide starts with basics that will help beginners and then progresses to more advanced topics, such as socialĬopy trading and using automated trading systems.ĬFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. In this guide, I will break down the best brokers for MetaTrader 4 and MetaTrader 5, and answer the most common questions about the trading platform. Having used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for more than a decade, I wanted to create a comprehensive guide for traders. Each year, we collect thousands of data points and publish tens of thousands of words of research. has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. To make the rectangle unfilled, you also have to go the rectangle's properties window (select the rectangle by double-clicking it, right-click, and select Properties of. To add a rectangle to your chart, you need to use Insert->Objects->Shapes->Rectangle menu in MT5: In MetaTrader 5, this is a bit different. The filled/unfilled property can then be controlled via the rectangle's properties window (select the rectangle by double-clicking it, right-click, and select Rectangle properties.) in the Common tab: If you would rather draw a chart rectangle manually in MetaTrader, then you can do so easily via Insert->Shapes->Rectangle in MT4: ObjectSetInteger ( 0, "Rectangle", OBJPROP_FILL, true ) Īfter execution, the previous example rectangle changes to this: Drawing chart rectangles manually in MT4 and MT5
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