Why is MT4 the most popular platform for brokers?

MetaTrader is a trading platform that provides live access to trading in global financial markets, such as Forex, CFDs, and futures Markets. Currently, the platform has two versions: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

The most popular platform for Forex retail traders is MetaTrader 4 (MT4), with over 95% of Forex brokers offering MT4 on their websites. The trading software is licensed to foreign exchange brokers, who provide it to their customers.

What exactly makes MT4 the most popular platform?

The importance of MT4 cannot be overestimated because of its fast order execution, robust market examination tools, and efficient account management.

• High quality—MT4 attracts a large segment of customers because of its high-quality software. MetaQuotes developed it; it is available for Windows, macOS, and mobile devices. MT4 is one of the best trading platforms, with many features, indicators, and tools needed to analyze prices, implement automated trading methods, and manage trades. You can also customize chart settings and trade placements through the MT4 platform.
• Numerous features—The number of features is one of the main reasons why MetaTrader 4 has gone viral since it was first introduced in 2005. The key features that made market analysis and trading easy include a market watch, a navigator, indicator windows, multiple integrated and easy-to-use charts, automated trading, and more than 30 built-in indicators.
• Analytical instruments—MT4 provides brokers with a wide range of analytical functions, such as online quotes and interactive charts with nine timeframes to decide on quotes and respond to price changes. There are 23 analytical tools and 30 built-in technical indicators. FurthermoMT4'sT4's free CodeBase and Market can open the doors to thousands of other indicators.
• Usability—A broker's primary concern is beating the market and earning a profit. Therefore, simplifying the trading platform is crucial. The MT4 is simple, and a broker can easily navigate it. The one-click trading option and customization have made it even easier to use.

Other MT4 feathers include:

• Server stability - The software can support tens of thousands of trades simultaneously.
• Minimal resources—The MT4 uses minimal resources on the user's computer and works well even with low Internet bandwidth.
• Communication—The client terminal has a mailbox section that enables brokers to communicate with their clients in real-time.
• Security - The protection of the MT4 is very efficient. It prevents DDoS threats and applies 128-bit encryption.

In practice, entrepreneurs face many challenges when setting up their own brokerage, starting with choosing a trading platform and ending with a search for potential clients. Still, the best way to start a Forex business is white-label technology, as it provides both start-up and established brokers with a great package of services, including a white-label trading platform.

Four of the main advantages that make MT4 the most popular platform for brokers are:

• High quality,
• Standout features,
• Analytical instruments,
• Usability.

Today, MT4 is a determining factor for customers when choosing a broker.

Finally, MT4 is the perfect software for any broker wanting to set up a successful brokerage business, as it is easy to use and reliable, allows users to see live quotes and prices, and allows them to place orders. This trading platform also has an effective security system and high server stability, minimizes the resources required, and lets a broker communicate with his clients in real time, leading to MT4 now being a deciding factor for the customer when choosing a broker.