MetaTrader 4 Review

Since its release, FxPro's MetaTrader 4 account has been generally well received by the trading community, whether they are a professional or amateur trader. On the Apple store, the FxPro has earned 4/5 stars, while on the Google Play Store, the app has earned 4.6/5 stars. So if you’re going to try it, what can you expect?

User-Friendly Trading Environment

If you read any of the reviews of the MT4, one thing becomes immediately clear: it's straightforward to use. The developers have worked hard to make the platform's trading interface easy to use and get started with. This is essential if you want to make a profit when markets are highly volatile. MT4 is known for "one-click" trading from the charts. In other words, all you need to do is click, and button, and your trade will execute seamlessly in the background.

Technical Indicators

The FxPro MetaTrader 4 platform has 50 built-in technical indicators (such as moving averages, Bollinger Bands and Fibonacci retracement levels). It's also customisable, which means you'll be in a position to develop your own if you ever feel the need to extend the platform. The FxPro MetaTrader 4 platform has been designed to execute complex trading strategies, so don't be shy about pushing the platform to its limits.

To give you an idea, here are some of the features that caught our attention:
  • 3 execution modes;
  • 2 market orders;
  • 4 pending orders;
  • 2 stop orders and a trailing stop;
Tick chart an entire trading history; as well as

Instant execution and trading from the charts.

Trading Robots

The MT4 platform uses trading robots called Expert Advisors (EA). These robots can handle simple and complex workloads for you, which include anything from calculating technical indicators in real time to making trading decisions for you. A large number of users turn to EAs to perform routine market analysis. FxPro's MetaTrader 4 also comes with a test environment to help you measure your EAs' performance before launching them in a live trading environment.

MetaTrader has its own "app market". Here, you can purchase or sell various EAs. All payments are secure and transparent, and easy to do. When writing this article, thousands of EAs and technical indicators are available for download (some are free, and some sell for a premium).

If you're a developer looking to build a stream of income on the side, MetaTrader has made it possible for you to sell your EA through its marketplace. You can also share your EAs for free with others if you feel generous.

Options include:

  • The MQL4 language for creating trading robots;
  • MetaEditor (where you make Expert Advisors);
  • Strategy tester (where you test them);
  • Library of free trading robots;

Copy Trading Made Easy

According to app store reviews, one exciting feature of the app is that you can copy other users' trades. FxPro MT4 has made it easy for you to subscribe directly to other users' trading signals within its platform. However, it's important to remember that this isn't without risks either, as any losses they incur will also affect your account. One well-thought-out feature is that you can test trading signals in a demo account before going live. Signals are available from both paid and unpaid signal providers.

Mobile Trading Capabilities

The MetaTrader 4 FxPro desktop download is fast, free and available for both Windows and Mac devices. However, we also wanted to indicate that users were impressed with its mobile trading capabilities. The platform is available for use on iPhone and Android-powered devices. You can expect a fully-fledged trading experience on par with desktop trading. In other words, you'll be able to trade without compromises. With economic releases and world events unfolding at breakneck speed, you'll appreciate the ability to change on the go.

Overall, we highly rate the FxPro MetaTrader 4 platform and would encourage you to download it to your device. You can get started with a free account (using either real money or paper money).