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Proof of Identity and Proof of Residency. No, you can't. To open an MT5 account click here. Individual Stocks are only available on MT5. MetaTrader 4, commonly nicknamed MT4, is a widely used electronic trading platform for retail foreign exchange, developed by the Russian software company MetaQuotes Software Corp, which is currently licensing the MT4 software to almost brokers and banks worldwide.

Released in , the MT4 trading software became extremely popular with retail forex traders especially for its easy to use features and the ability to even facilitate automated trading by allowing users to write their own trading scripts and trading robots commonly known as expert advisors. For most online traders and investors, whether they are trading forex or CFDs Contracts for Difference on various financial instruments , MetaTrader 4, is undoubtedly a household name today.

Not only is MT4 considered to be the most popular online trading platform to access the global markets but it is also regarded as the most efficient software for retail foreign exchange trading i. Online or electronic trading platforms are computer-based software programs used to place trading orders for various financial instruments through a network with financial institutions e. Online investors can trade on live market prices being streamed by trading platforms, as well as enhance their profit potential with some additional trading tools provided by these platforms such as trading account management, live news feeds, charting packages and can even use trading robots, also called expert advisors.

Until the s, financial transactions between brokers and their counterparties were still being processed manually, and traders did not have the possibility to access the global financial markets directly but only through an intermediary. It was also was during this time that electronic trading platforms started being applied to carry out at least a part of these transactions.

The first such platforms were mainly used for stock exchange and known as RFQ request for quote systems, in which clients and brokers placed orders that were only confirmed later. Starting from the s, e-trading platforms that did not provide live streaming prices were gradually replaced by more developed software with near instant execution of orders, along with live price streaming and more enhanced client user interface.

The very first generation of internet-based foreign exchange forex trading platforms emerged in , making it possible for foreign exchange to develop at a much faster pace and for customer markets to expand. As a result, web-based retail foreign exchange allowed individual customers to access the global markets and trade on currencies directly from their own computers.

Although the first generation of such electronic trading platforms was basic software downloadable to computers and still lacking user-friendly interfaces, gradually new features such as technical analysis and charting tools were added, resulting in more enhanced attributes and also the option for these programs to be used as web-based platforms and on mobile devices e.

Along with the introduction of online trading platforms, a rapidly growing segment of the foreign exchange market had also emerged, which involved individuals who could access the global markets and trade online through brokers and banks: retail forex. This market segment allowed even small investors to access the markets and trade with smaller amounts.

The demand for technically more sophisticated trading platforms kept growing, in particular for retail forex trading, and the need grew for individuals to trade the global markets directly.

Released in , the MetaTrader 4 online trading platform was just the kind of software that made it possible for a great number of retail forex traders to speculate and invest in currency exchange and other financial instruments from virtually every spot of the world.

Currently, over half a million retail traders are using the MT4 platform in their daily trading practices, benefitting from its wide range of features that facilitate their investment decisions such as automated trading, mobile trading, one-click trading, news feed streaming, built-in custom indicators, the ability to handle a vast number of orders, an impressive number of indicators and charting tools.

Automated trading is well known to online investors as a helpful tool to automatically process trade orders with extremely fast reaction time and according to a series of pre-determined trading rules such as entries and exits set up by traders by using the MQL programming language of MetaTrader 4.

Also known by the name of system trading, automated trading has another great advantage: as it carries out trades mechanically and based on the settings of traders, it excludes the emotional factor from trading, which may very often affect investment decisions negatively. The cutting-edge technology of the MT4 platform provides automated trading as its fully integrated feature, executing repetitive trading orders at a speed otherwise impossible with manual trading.

For many investors this saves up a considerable amount of time from the routine of market watch as well as trade execution. Backtesting i. On applying proper backtesting, traders can easily evaluate and fine-tune trading ideas, which they can later apply in their own trading practices for better results.

Effective as it is, automated trading is also a sophisticated method to trade the markets and as such it, mainly for beginner traders, it is advisable to start with small sizes during the learning process. Additionally, potential mechanical failures can also affect the outcome of trades carried out by the automated system, and many traders with poor internet connection are compelled to also manually monitor trades being handled by automated trading.

In order to exclude any negative factors such as slow internet connectivity, computer failures, or unexpected power cuts, the optical fibre connectivity based free MT4 VPS Virtual Private Server service of XM ensures smooth operations of automated trading and expert advisors at all times by allowing clients to connect to the MT4 VPS and enjoy seamless trading.

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