MT4 Brokers: Plus Minus and Recommendations

MT4 brokers are quite well-known among professional and novice traders because they have many facilities and conveniences. As one of the providers of micro-based trading services, MetaTrader (MT) 4 is suitable for making profits in the capital market.

MT4 Brokers Plus Minus and Recommendations

Advantages of MetaTrader (MT) 4

MT4 has many advantages and features that can spoil its users. This is also one of the reasons most people are reluctant to switch to another type of account. Here are some of the advantages of MT4 that you need to know.

Free

The first advantage is that it is free. Through a variety of interesting and useful facilities to make it easier to earn profits, MT4 is increasingly preferred by traders. You also don't need to pay extra, so the benefits are maximized.

Superior Graphics Capability

The graphical capabilities of the MT4 Broker are the next advantage that you can't just pass up. Traders can also make quick decisions using only chart data sources. This will save more time and energy.

User Friendly Interface Display

Even though at first glance the appearance of MT4 looks old school, you can still enjoy the various facilities in it thoroughly and smoothly. Traders can also personalize the display and change the layout according to their wishes and tastes.

Trade with One Click

Time and energy efficiency is also realized by MT4 through one-click trading facilities. This is of course a distinct advantage for traders in taking momentum and entering orders, so the potential for profits is greater.

Stable Trading Platform

The final advantage when using MT4 is a stable trading platform. Many opinions say this platform is one of the many brokers with low latency values, so that the trading process can be carried out without worrying about crashes or bugs during transactions.

Weaknesses of MT4 Brokers

Various advantages in a platform are of course accompanied by a myriad of disadvantages that you need to pay attention to. Some of MT4's weak points can be seen in the explanation below. use as additional reference before making a choice.

Outdated

The first drawback is that the platform is out of date. Because the UI design in MT4 is so ancient, many people say that it looks like the software produced in 2005 which is still very old-fashioned and not very pleasing to the eye.

No News Feed Integration

The next drawback of MT4 is that it doesn't have newsfeed integration. This certainly makes it difficult for traders to obtain economic information in real time. You have to access the latest news via other platforms.

Not Very Compatible With Macs

MT4 is also not very compatible with Macs operating systems, so it requires more effort if you want to force the installation. You have to install a windows emulator called Wine to run the app smoothly.

Best MT4 Broker Recommendations

Below are some recommended platforms that support MT4 and that you can use for trading. Choose according to your heart's desire so that understanding the tools and parts in them is faster and easier to remember.

AvaTrade

The first recommendation is AvaTrade which is one of the pioneers in the field of retail forex/CFD. Branch offices of the company are also spread all over the world, so there is no need to doubt its credibility.

XM

The next MT4 Broker recommendation is XM. The reputation of this broker is very good and provides a variety of attractive features and facilities. The order execution process from traders is also very fast, namely 99.35% in less than 1 second.