MetaTrader, or the mt4 forex brokers list platform comes in many variations. These include MetaTrader 4/5 and Tablet platforms. Now traders can trade anywhere. They don’t need desktop computers or laptops with MetaTrader 4, 5 installed, or modems. Tablets, PDAs and SmartPhones can place orders anywhere.
MetaTrader 4 (also known as MetaTrader 4) is an electronic trading platform that is widely used. MetaQuote developed it and forex traders can download it and install it on their computers to gain access to the forex market online and see real-time forex charts, quotes, orders and accounts. It is better suited to newbies and beginners in forex trading.
MetaTrader 5 electronic platform is not commonly used. This is a MetaQuote product that can be downloaded from the brokers site and then installed on PCs. The MetaTrader 5 is a more advanced platform that can only be used for forex trading by professionals.
Nota: Both MT4 and MQ5 software use a proprietary language called MQL4/MQL5 that allows traders to build Expert Advisors, custom indicators and scripts.
PDAs and Tablets are available to traders who own Personal Digital Assistants or Tablets. The forex trading platform allows traders to control their trading account using gadgets like PDAs. Tablets, and iPads. They are portable and run Windows Pocket PCs. Prices, charts, order management and account information can all be accessed from these gadgets.