MetaTrader is a fully-fledged trading platform, providing a convenient and flexible way to trade forex, CFDs, and contracts for difference. The MetaTrader 4 platform is available as a web-based solution or a standalone mobile app.
MetaTrader 4 is powered by MetaQuotes Language 4 (MQL4) programming language. It provides various technical indicators and tools for trading with any financial instrument. It also has an elaborate set of trading tools: automated trading robots, backtesting capabilities, flexible order types, and much more.
Traders widely use the MetaTrader 4 platform all over the world because it offers:
- A variety of instruments: traders can choose from over 60 currency pairs and hundreds of CFDs on stocks, commodities, and indices;
- A full range of technical indicators: traders can use more than 90 different indicators to analyze market conditions;
- A wide choice of trade strategies: MQL4 allows traders to create automated trading systems using expert advisors (EAs).
Is MetaTrader Legit platform?
Yes, MetaTrader is a legitimate platform that usually offers CFD trading assets. MetaTrader platform is software that presents charts, live prices, and offline prices of major stocks, indexes, forex pairs, commodities, and ETFs.
However, people need to understand that MT4 and MT5 platforms (Metatrader’s platforms) are just software tools traders use to create trades. Brokerage companies receive deposits and make withdrawals to traders (customers). So if an illegitimate broker scam you, that scam is not related to the software tool. You do not send money or put money into Metatrader. You only deposit money to the broker as a trader, investor, or customer.
Today 99% of all CFD brokers (forex brokers) offer the Metatrader platform as the primary trading tool. MetaTrader has become standard software in forex trading.
But why do people talk bad about Metatrader?
See this google search:
Many people use unregulated brokers without any brand name or licenses. Usually, they do that because mostly regulated brokers do not offer high bonuses. The unregulated broker offers enormous bonuses and uses that as “the hook” to take money from people.
So many scammed people are scammed because of bad brokers, not the platform developers. However, you can check our list of regulated best forex brokers. You will see that all most famous branded forex brokers offer MetaTrader as a platform.
The MetaTrader platform is a legit, flexible, and user-friendly software.
The MetaTrader platform is legit, flexible, and user-friendly software. It allows users to enjoy trading in the real financial market while not leaving their homes.
MT4 has proved itself the world’s most popular trading terminal among traders of all experience, from beginners to professional traders. The reasons why people prefer this software are many: it is easy-to-use and customizable; it works on multiple devices; it offers free access (you can download MT4 for free); you can use it from anywhere in the world; there are many educational resources available online, including video tutorials that will help you get started with your first trades right away!
MetaTrader was created in 2005 by the Cyprus software company MetaQuotes Software Corp.
In addition to being a Forex trading platform, it also provides other financial services such as CFD trading, stocks, and futures trading. This software is designed for beginners and experienced traders alike due to its intuitive interface, advanced functionality, and flexible settings.
It was designed for those who want to get into Forex trading but don’t have time or experience to learn its nuances.
Since then, the MT4 platform has become one of the most popular forex trading platforms, with over 40 brokers offering the platform to their clients.
This popularity is due primarily to its convenience and user-friendliness. It is available for desktop, web, and mobile devices. In addition to price charts and currency graphs that enable you to perform technical analysis on your trades, numerous other tools help traders succeed despite fluctuations in market conditions or changes in global economies.
For example, a built-in programming language enables you to create custom indicators for your strategy creation process. This added feature sets MetaTrader 4 apart from other trading platforms on the market today!
If a broker does not offer MetaTrader4 or MetaTrader5 in their suite of platforms, it’s good to question the broker’s legitimacy.
The fact that a broker is offering MetaTrader4 or MetaTrader5 in their suite of platforms indicates a legitimate opportunity.
MetaTrader4 and MetaTrader5 are two of the most widely accepted platforms available today. They’re known to traders worldwide and can be used in multiple languages and across multiple operating systems. They come with mobile app versions and web-based options—they give traders plenty of ways to get into the game regardless of location or device preference.
So yes, MetaTrader is a legit platform.
Again, MetaTrader is a sophisticated software developed by MetaQuotes Software Corp. It has offices worldwide, including London, Paris, New York City, Sydney, and Hong Kong.
Traders can use the software on multiple devices such as desktop computers, smartphones, and tablets. MetaTrader 4 is available for Windows PCs, while Users can use MetaTrader 5 on Macs or PCs (there are no mobile apps). You can download both platforms from the company’s website free of charge. However, if you want to trade with real money, you will need to register an account with one of the brokers that offer them (there are hundreds available). The broker will then provide you access to their trading platform, where your trades will be placed automatically based on how much risk you want to take (i.e., how much money you want to lose).
Just be very careful with what you do online that may include money!