Meta trade 4 and Meta trade 5. The MetaTrader 4, also known as MT4, is an extensively used online trading platform by traders and investors in the financial market. Developed by MetaQuotes Software, MT4 provides a variety of tools and features for technical analysis, order execution, and automated trading.
Key features of MetaTrader 4 include:
User-Friendly Interface: MT4 has an intuitive interface that facilitates navigation and use by traders, regardless of their experience.
Advanced Technical Analysis: The platform offers a wide range of technical analysis tools, such as indicators and advanced charts, allowing traders to make informed decisions.
Automated Trading: One of the standout features of MT4 is the ability to use Expert Advisors (EAs), which are automated trading programs, enabling the automatic execution of trading strategies.
Order Execution: Traders can execute a variety of orders, including market orders, pending orders, and stop orders, efficiently and quickly.
Customization: Users can customize the platform according to their preferences, including creating custom indicators and applying different chart templates.
Access to Diverse Markets: MT4 provides access to a wide range of financial instruments, such as currency pairs, commodities, indices, and other assets.
MetaTrader 4 is widely used by foreign exchange (forex) traders and is also popular among traders in other financial markets. It is a versatile tool that caters to both beginners and experienced traders, offering a combination of advanced functionalities and user-friendly features.
MetaTrader 5, known as MT5, is the successor to MetaTrader 4 (MT4) and is an online trading platform developed by MetaQuotes Software. Like MT4, MT5 is widely used by traders and investors in the financial market. However, MT5 offers several improvements and additional features compared to its predecessor.
Key features of MetaTrader 5 include:
More Financial Instruments: MT5 expands the offering of financial instruments, allowing trading of stocks, commodities, and other assets in addition to currency pairs.
Integrated Economic Calendar: MT5 has an integrated economic calendar that provides information about important economic events and financial indicators.
More Chart Timeframes: While MT4 offers nine chart timeframes, MT5 expands this capability to 21, providing greater flexibility for traders.
New Programming Language: MT5 introduces the MQL5 programming language, which is more advanced and powerful, making it easier to develop Expert Advisors (EAs) and custom indicators.
Stock Trading: In addition to the foreign exchange market (forex), MT5 allows for stock trading, making it a more comprehensive choice for different types of investors.
Hedging and Coverage: MT5 supports hedging, allowing traders to open opposite positions on the same financial instrument, which can be useful for more advanced strategies.
Like MT4, MetaTrader 5 is designed to be a comprehensive trading platform, offering tools for technical analysis, order execution, and the ability to implement automated trading strategies. The choice between MT4 and MT5 depends on the specific preferences and needs of each trader.
There are several differences between MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Here are some of the main distinctions:
MT4: Originally designed for forex trading, MT4 primarily focuses on currency pairs.
MT5: In addition to forex, MT5 offers the ability to trade a wider variety of financial instruments, including stocks, commodities, and indices.
Chart Timeframes:
MT4: Offers nine chart timeframes.
MT5: Expands this capability to 21 chart timeframes, providing more options for analysis.
Programming Language:
MT4: Uses the MQL4 programming language.
MT5: Introduces the MQL5 language, which is more advanced and powerful, facilitating the development of Expert Advisors (EAs) and custom indicators.
Hedging Function:
MT4: Has the hedging function, allowing traders to open opposing positions in the same financial instrument.
MT5: Supports the hedging function and introduces the “coverage” option, allowing the opening of separate buy and sell positions for the same instrument.
Stock Trading:
MT4: Primarily designed for forex and CFD trading.
MT5: Includes the ability to trade stocks, making it more comprehensive for different types of investors.
Integrated Economic Calendar:
MT4: Does not have an integrated economic calendar.
MT5: Offers an integrated economic calendar, providing information about important economic events and financial indicators.
These are just some of the significant differences between MT4 and MT5. The choice between the two platforms will depend on the specific needs of the trader and the financial instruments they wish to trade.
Creating a MetaTrader 4 account involves two key elements. The first element is installing the actual MetaTrader 4 (MT4) platform. The second element is all about how to set up a trading account — with which you log in to MetaTrader.
This article will explain how to open a live and demo trading account on the MetaTrader 4 (MT4) trading platform. We will also take a look at other options available to you, such as how to create an MT4 test account, and how to install the software on different devices.
To get started learning how to setup MetaTrader 4 and begin trading with a MetaTrader 4 account, you need to follow six simple steps:
Choose a MetaTrader 4 broker
Download MetaTrader 4
Create a MetaTrader 4 account
Log in to MetaTrader 4
The MetaTrader Supreme Edition
Add Funds to Your Account
Now let’s explore these steps in more detail:
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The first step in the MetaTrader 4 setup and opening a MetaTrader 4 trading account, is to choose a Forex broker who offers the MT4 trading platform. Learning how to get a broker for MetaTrader 4 can be a daunting task due to the amount of choice out there. Make sure you do your research carefully and, if you need some assistance, check out our guide on ‘How to Find the Best CFD & Forex Brokers’, which will help with this process.
At Admirals, we offer our customers the ability to trade with both MetaTrader 4 and MetaTrader 5 trading platforms absolutely free.
Whether you are considering opening a demo or live trading account, you will need to get the MetaTrader 4 download and install the MetaTrader 4 software on your computer.
If you are using Windows head over to the MetaTrader 4 download page, fill in your details and begin your download! For those of you who want to download MT4 for Mac, have a read of our article ‘How to Install MetaTrader 4 For Mac’ to help you get started.
Once you have downloaded the installation file, open it to start the installation progress. Once the download has completed, move onto the next stage of our article to learn how to open a live account on MetaTrader 4.
Now that you have downloaded MT4 for Mac or Windows, you will need to open an account with your chosen MetaTrader 4 broker.
For those who are completely new to trading, it is recommended to practice on a demo account before making the transition to a live MetaTrader 4 account. The process for opening a live account does not differ greatly from that of opening a demo account. Nevertheless, we will walk you through both processes in the following sections.
The best way to learn how to trade with MetaTrader 4 is with a demo account because it allows you to see what works through trial and error, using virtual funds and by trading in a risk-free trading environment, without incurring losses with real money. If you are just a beginner, this is a great way to start, until you are ready to make a live account on MetaTrader 4.
Next, we need to look at how to create a live account in MetaTrader 4. To make a live account on MetaTrader4, head to the ‘Sign Up’ page of your chosen MetaTrader 4 broker.
If your chosen broker is Admirals, once you have signed up you can follow these steps to apply for a live trading account:
Log in to the ‘Dashboard’
Click the ‘Open Live Account’ button.
Add and verify your phone number.
Add your details over the following pages. These details will include contact information, tax identification details and your passport number.
Read and accept the confirmation notice.
Verify your identity by uploading the requested documents.
From here, Admirals will review your application, after which we will contact you by email with the results of your application.
Logging in to MetaTrader 4
Once you have successfully created your MetaTrader 4 account, you will receive your account details by email, including your account ID, password and account server. You will need these details to log into your MetaTrader 4 terminal.
To log in to MT4, open the program, click on the ‘File’ tab at the top of the terminal and select ‘Log in to Trade Account’. This will open the following window:
MetaTrader 4 Account
Admirals MetaTrader 4 – Login
Enter your login details, ensuring that you select the account server specified within the email from Admirals.
If you are wondering what the investor password is for, which should be included in your account details email, this allows access to view the account, but not to trade. So, you can see open positions, balances, live prices and even use Expert Advisors, but not trade. The investor password grants a MetaTrader 4 broker or trader the ability to let another person see how trading on MT4 works.
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Whether you are considering trading Forex in MetaTrader 4 with a demo account, or a live account, you should consider taking a look at the MetaTrader Supreme Edition (MTSE) plugin. This is because MTSE greatly increases the scope of the platform. MTSE is a custom plug-in that expands the number of indicators available, as well as offering a wide array of cutting edge trading tools.
If you opt to trade with Admirals, the best way to fund your MetaTrader 4 account is via the Dashboard. This offers a convenient way of managing your account and conducting money operations, such as withdrawing or depositing funds. To deposit or withdraw funds, scroll down to the account you would like to add funds to and click ‘deposit’. Choose your preferred payment method and follow the prompts to make your deposit.
Depending on your payment method, funds may take up to three business days to clear. Once they have cleared, your account balance will appear in your Dashboard next to your live account details.
Hopefully, now you know how to open both a live MetaTrader 4 account and a MetaTrader 4 demo account. We hope that you have found this discussion of getting started on the MT4 trading platform to be interesting, informative, and useful.
If so, you might also like to read our Guide to MT4 & MT5 Shortcuts, which teaches traders various shortcuts they can use to speed up the process of trading and make it much more user-friendly and, most importantly, a more enjoyable trading experience!
Interested in expanding your trading knowledge further? Tune in to one of our free webinars and discover new trends and strategies with our in house trading experts! Click the banner below to register:
With all the choices available, which would be the best online forex trading platform should you choose? We are going to take a look at the available options for the best Forex trading platform in 2024. We will look at what actually makes a good forex trading platform, how to choose the right one for your forex trading strategies and offer an online trading platform comparison.
What is the best online trading platform for beginners? Forex (FX) trading is performed online via an electronic trading platform. Naturally, many traders are curious about what is the best online Forex trading platform for beginners in the UK or elsewhere.
In fact, ‘which Forex trading platform is the best?’ is one of the main questions that a trader asks when beginning their trading journey. While traders want to find an online trading platform that is free, they also want to find a legit online trading platform. This is especially true in current times, as there is a lot of competition out there in terms of Forex trading softwares, as well as chances to get scammed.
It’s challenging to say which online trading platform is best, but we can say that the Forex trading software industry is heavily dominated by MetaQuotes Corp – the company behind MetaTrader 4 (MT4). This is the most popular Forex software used by traders in the retail Forex market. Whilst MetaTrader 4 is the dominant choice for many professional traders, there are other options that have developed in recent years.
The first ones in our online trading platform comparison are from MetaQuotes Corp.
If you are looking for the best and cheapest online trading platform, this software may your choice. When it comes to trading FX online, most brokers will supply you with various trading platforms, yet MetaTrader platforms are the most common, and they are free. This free trading platform software was developed nearly ten years ago. There are two primary choices of the trading platform currently offered by MetaQuotes Corp – MetaTrader 4 and MetaTrader 5.
MetaTrader 4 is a platform, which was specifically designed for FX trading. As retail Forex is a relatively new industry, it did not have reliable third party Forex trading software available until MetaTrader 4 appeared. This is a reliable trading platform that provides traders with lots of useful features. These include:
1-click trading
Lots of available Expert Advisors
Over 50 indicators
Pending orders
Limit orders
Multi charting
Nine different time-frames
These are just a few of the benefits of MetaTrader 4. One of its strongest selling points is its stability, which is one reason some traders consider it one of the best trading platforms in the UK and elsewhere. You can really count on this platform. In addition to this, it is also supplied with a powerful set of mobile apps. These applications are available for nearly any type of operating system, including iOS, Android, and Windows. Needless to say, these mobile platforms are also very stable and powerful.
MetaTrader 4 has copious trading features that you can use throughout your whole trading journey. Additionally, it is easy to learn and use, making it one of the best online trading platforms for beginners and professional traders.
Occasionally you may find that some brokers offer wider spreads on the MT4 platform in comparison with the smaller spreads they may offer through their main trading platform (assuming that the broker in question offers several trading platforms to trade on.). Additionally, some professional traders argue that the platform is slower in comparison with other trading platforms.
Source: MetaTrader 4 – Market Watch – Several different currency pairs opened in Mini Terminals
Whilst MetaTrader 4 is quite a powerful platform in itself, Admirals offers a plugin for it known as MetaTrader 4 Supreme Edition. This plugin may put MT4 at the top of some traders’ lists of the best trading platforms in the UK and elsewhere. It’s a plugin that has over 50 additional tools for traders. Once you have downloaded your MT4 Forex trading platform, you will need to download Admirals’ MetaTrader 4 Supreme Edition and install this package over the original MetaTrader 4 installation.
This plugin significantly increases the advantages of MetaTrader 4 – and it also allows users access to a more flexible 1-click-trader, also known as the ‘Mini-Terminal’. New orders, like OCA orders, will become accessible and you will even be able to drag and drop your stop-losses and take-profits. Admirals recognises the great advantages of MT4, and has developed this add-on to make it even better for its clients.
Quite similar to MetaTrader 4, this is one of the best forex trading platforms currently available. In general, MetaTrader 5 is slightly faster, supports more types of orders, comes with a larger amount of indicators and has some additional features. Whilst it is a better platform, there aren’t any huge, revolutionary differences that can make MetaTrader 4 redundant. What is good about MetaTrader 5 for both traders and brokers is that it can handle a larger amount of trading instruments compared to MetaTrader 4.
While MetaTrader 5 is similar to MetaTrader 4, there are some distinct advantages that are simply not found in other forex trading platforms. For example, MetaTrader 5 has:
21 timeframes the trader can view. This includes 11 types of ‘minute’ charts (such as M1, M2, M3, etc), seven types of ‘hourly’ charts (such as H1, H2, H3, etc) as well as daily, weekly and monthly charts. Most platforms, such as MetaTrader 4 only come with nine timeframes.
Six types of pending orders including buy-stop, sell-stop, buy-limit, sell-limit, buy-stop-limit and sell-stop-limit orders. MetaTrader 4 and other platforms typically offer only the first four types of pending orders.
The ability to switch between ‘hedging’ mode and ‘netting’ mode. Hedging mode allows the ability to take trades in opposing positions and has revolutionized the trading options for Forex traders.
The Depth of Market (DOM) function, which allows Forex traders to view the bids and offers at different prices of a financial instrument.
MetaTrader 5 Supreme Edition Add-On
While MetaTrader 5 is fully loaded with advanced trading features, making it one of the best and most powerful trading platforms available for Forex trading, Admirals offers a plugin called MetaTrader 5 Supreme Edition which offers even more advanced trading tools. These include:
Inbuilt technical analysis insight and access to an award-winning technical analysis pattern recognition system from Trading Central.
A mini-terminal function allowing traders to open and manage positions more effectively with integrated lot-size and margin calculator and smart order lines for partial closing and time-based stops.
An inbuilt trading history analyser, which allows traders to view detailed statistics of their trading performance to help optimise future trading decisions.
Advanced trading indicators such as candle countdown, pivot points, renko charts and much more.
Once you have downloaded your MT5 Forex trading platform, you will need to download Admirals’ MetaTrader 5 Supreme Edition and install this package over the original MetaTrader 5 installation.
CFD trading platforms let you trade hundreds of financial instruments without ever owning the underlying asset. Instead, you are looking to predict an asset’s price direction – commodities, stocks, forex or something else– will fall or rise.
>Some key points to consider when choosing the best online CFD trading platform are the available markets, payments, commissions, and regulations. Some of these are determined by your broker, not your platform, so it is equally important to find a broker with agreeable terms.
MetaQuotes Corp software is one of the best online CFD trading platforms available because both MetaTrader 4 and MetaTrader 5 offer charts and broker integration for one-click trading, as well as many other features such as:
Free indicators and charting tools
Real-time market data
Volatility protection settings
Expert advisors for customised indicators and automated forex trading strategies
Mobile trading
MetaTrader Supreme Edition add-on (exclusive to Admirals) including a built-in economic calendar, market analysis tools, advanced order types, correlation matrix and more.
Admirals offers trading on both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as MetaTrader WebTrader which allows trading directly from your browser. One of the main differences between MetaTrader 4 and MetaTrader 5 is the range of markets available to trade.
Would you like to test what you can do with the advanced forex trading platforms offered by Admirals? We have prepared everything for you! Open a demo account with Admirals and test your forex trading strategies without jeopardising any of your hard-earned funds! Just click on the banner below and start to trade virtually!
If you wish to trade oil, gold, silver, natural gas, wheat and the like, you’ll need one of the best online commodity trading platforms. As well as offering access to the commodities markets you wish to trade, the platform and broker you choose must also offer attractive fees and commissions, as well as a sufficient range of trading indicators and tools.
MetaQuotes Corp software is also one of the best online commodity trading platforms available. With their MetaTrader 4 or MetaTrader 5 trading platform and a live trading account with Admirals, traders get access to the markets, tools, data, low fees and low spreads that can help them achieve success using an online commodity trading platform.
With Admirals, you have access via CFDs to sixteen of the largest commodities traded in the commodity market, plus 10 CFDs on commodity futures. Here are the commodity CFDs currently available:
Agricultural Commodities
Arabica Coffee
Cocoa
Cotton
Orange Juice
Robusta Coffee
Sugar Raw
Sugar White
Energy Commodities
Brent Crude Oil
WTI Crude Oil
Natural Gas
Metal Commodities
Gold
Copper
Palladium
Platinum
Silver
XAUAUD
Additionally, when trading commodity CFDs via a live account with Admirals, traders enjoy the following benefits:
Negative balance protection policy, meaning that if your account balance drops below 0, Admirals will reset it at 0, rather than let you descend into deep trading debt
Low trading costs, featuring spreads from 0 pips
A free, premium analytics portal that features news feeds from Dow Jones newswires with as many as 850 articles per day, economic calendars, market sentiment widgets and more.
Access to the world’s most popular trading platforms, MetaTrader 4 and MetaTrader 5.
Having the right platform and a trusted broker are hugely important aspects of trading commodities. Admirals is an award-winning broker that offers the ability to trade on commodities via CFDs, not to mention other markets like Forex, Stocks and ETFs and much more.
This is all possible via the MetaTrader 4 and MetaTrader 5 online trading platforms. To get your FREE download of MetaTrader 5, click the banner below.
The advantage of online trading platforms is that people can trade the same securities from any location in the world. The exceptions here are countries where there are restrictions limiting access to online trading, or trading in general. Regardless of whether you are interested in which online trading platform is best in Malaysia, the Philippines or somewhere else, all you need to do is sign up for an account with a broker, download a free trading platform and start trading.
As you can see, there is a lot to consider when choosing the best Forex trading platform for advanced traders and beginners – but MetaTrader 4 and MetaTrader 5 tend to receive the most positive reviews and frequently top the list for best trading platform in the UK and elsewhere. They are time tested and have been proven to work over and over again.
It depends on your knowledge and goals. Two of the most popular trading platforms are the Meta Trader 4 and the Meta Trader 5 trading platforms by Meta Quotes. They are both available to download for free as at Admirals we believe that traders should have cutting edge tech tools at their disposal.
Yes, Admirals has launched the Admirals Trading Platform that sports a user friendly interface to optimise your experience and gives you access to thousands of financial instruments to match your goals.
Admirals is a multi-award winning, globally regulated Forex and CFD broker, offering trading on over 8,000 financial instruments via the world’s most popular trading platforms: MetaTrader 4 and MetaTrader 5. Start trading today!
This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.
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