If you encounter a broker that is offering you a Metatrader 4, also known as MT4, then you are dealing with a forex Metatrader broker. They are catering a platform that allows forex users to monitor their trades through their account. This includes various trades that they can do in the forex market and even monitor the whole market at the same time. You can find a wide array of MT4 brokers offering their own recommended platforms. But still, is it the Metatrader that remains the best among all. Apparently, despite the fact that there are already so many competitions, most brokers still prefer to suggest the MT4.
So why do MT4 brokers are in favor of the Metatrader? Here are the reasons why you too should get the said program as well.
1. Unlike other forex programs, the Metatrader is actually free. You can immediately and easily download it without spending a dime. You are also allowed to have a demo account so you could try it first and see if you want the whole features.
2. You can use charts with this program. Other than the currency prices, you can also have technical analysis indicators in the charts all at the same time. There is no need to look from one window to another since all of the information that you need are already on the same page.
3. And since that you would also get the charts, it would be like getting two programs in just one download. Some forex programs would let you have both as long as you pay a fee.
4. The automation system of the Metatrader offered by the Metatrader broker is already part of the software. Automation is considered as the best feature since it can be very convenient for all the users.