Here are some areas where AvaTrade scored highly in:. AvaTrade offers four ways to trade: Forex, spread betting, CFD trading, and options trading. AvaTrade have a AAA trust score, which is v. The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide. AvaTrade offers a range of different account types for different traders including a micro account, mini account, vip account.
Finally, AvaTrade isn't available in the following countries: Part 3 A Comparison of AvaTrade vs. London Capital Group vs. We've compared their spreads, features, and key information below. MT4 is short for MetaTrader4. The MT4 platform is the most popular solution for retail forex brokers looking for a turnkey platform, developed by MetaQuotes Software Corp.
Forex brokers customise the MT4 platform according to their branding requirements and thereafter offer it to their clients. As just mentioned, the MT4 serves the retail individual, non-professional end of the market, however it still provides powerful features to allow retail investors to effectively begin forex trading. The MT4 is considered a revolutionary product because of the quantum leap the platform took in terms of features and performance when compared to its predecessor.
The MT4 was later upgraded to the MT5, but due to the massive popularity of the MT4 platform, the MT5 never really took off in the market and MetaQuotes Inc was forced to do a re-design which combined many features of the MT5 with the old MT4 to create a brand new MT4 Build platform, starting from Build which was launched in The popularity of the MT4 platform has forced many brokerages which were operating with proprietary platforms to include the MT4 to the list of forex platforms they offered their clients.
The MT4 is arguably the most popular forex trading platform in the retail forex market today with over banks and brokers offering the platform. As one of the most established and popular trading platforms, the MT4 is a top choice for traders looking for a powerful forex trading platform.
With over institutions offering the MT4 platform, the search for the right broker for you can be a difficult task.
In our comparison table, we have narrowed down the list to the top 5 brokers that offer the MT4 platform, regulated and are the most popular choices for retail traders. They are part the Monecor London Ltd group who are listed on the London Stock Exchange so you can be confident about their financial status and transparency.
The MT4 is a solid trading engine which many traders have under-utilised over the years. The power of the MT4 is showcased when all these functions are put to use. Testing and optimisation of any programmed robots can also be done on the MT4. Strategy testing requires historical data from the M1 time frame and this is also available via the History Centre on MT4.
Only professionals who know how to test strategies can perform this function accurately. The MT4 features charts for all assets traded on the platform. You can add line tools, indicators and other add-ons to the charts to perform technical analysis. The charts feature three methods of price representation:. Other methods of price representation such as the Renko charts are usually custom-made. Candlesticks are very popular because they show at a glance the open, high, low and closing prices for a time frame.
Charts are very important components of trading because they enable the trader perform technical analysis. The MQL Community was launched by MetaQuotes Inc as a response to the yearnings of the millions of MT4 users all over the world, as a one-stop shop for all tools, indicators, scripts and add-ons for the MT4 platform. It is now possible to purchase or even sell your add-on software on the MQL Community website. This is where various shortcut functions of the MT4 are located.
Simply use your mouse to go over each button to find out its name and function. This is where the charts are displayed. This displays the tabs that give out several MT4 displays such as the account capital the margin , how much has been committed to a trade used margin , the margin exposure, open positions, closed positions, the account history, news bar, etc. With the advent of the smartphone and tablet devices, it became necessary for traders to keep up with technology.
These new hand-held devices were as good as mini-computers, capable of most functions of desktops. Brokers went to work and came up with different versions of the MT4 platform. Today, the MT4 now has a web-based version and a mobile version. With the web-based browser versions, traders no longer need to download the bulky desktop client.
All they need is the URL which connects to the server on which the web-based trading platform is hosted. This enables trading from anywhere without carrying along your physical computer. Browser versions are also supported for display on smartphones and tablet devices. The mobile versions are an advancement of the web-based platforms.
Available as apps that can be downloaded from the respective app stores, the mobile versions of the MT4 come with a condensed set of features that allows just the most basic aspects of trading such as order placement, basic technical analysis and basic charting. What are the instruments or assets which can be traded on MT4? Virtually all asset classes are now represented on the MT4 platform.
These are usually blue-chip stocks such as those of Apple, Microsoft, Yahoo! Stock indices are assets that measure the performance of the national stock exchanges across the world. Therefore, you have the following indices: US30 or Wall Street 30 Australia: CAC40 or France 40 The exact instruments will differ from one broker to another but you can trade most of the main traded financial assets with all the MT4 providers.
Which FX pair do you trade? Bitcoin Ethereum Ripple Litecoin Dash. Which index do you trade? Which stocks do you trade? Compare brokers that offer Compare brokers that accept Compare brokers regulated by See Details Try a Demo. Fixed Variable See Spreads. Live chat Phone support Email support Contact Details.
Popular for Meta Trader 4 MT4! Let our tool do the hard work of finding your next broker. Try it Now Visit BrokerNotes. CFDs are leveraged products and can result in the loss of your capital. Rankings are influenced by affiliate commissions. Here are some areas where AvaTrade scored highly in: Allows hedging 2 languages Leverage up to 7: For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Part 4 What is the MT4 trading platform? BrokerNotes Top MT4 Forex Broker As one of the most established and popular trading platforms, the MT4 is a top choice for traders looking for a powerful forex trading platform.
It comes with components that enable traders to perform various functions such as: Strategy testing and optimisation. Programming of expert advisors, indicators and scripts. Sales of MT4 add-ons. The MT4 is used to trade currencies, spot metals, indices and blue-chip stocks.
The major product traded on the MT4 is forex. Currencies are listed in pairs and close to currency pairs are offered for trade on a typical MT4 platform. Successful trading of whatever financial assets are listed on the MT4 platform requires skill and knowledge of profitably trade techniques. Fortunately, the MT4 has all you need to make this happen. You simply need to know how to unlock the secrets. Demo trading refers to the practice of using virtual money to trade forex.
By clicking the F4 button on your computer, the MetaQuotes Language MQL interface opens in a new window, allowing a programmer to create brand new expert advisors forex robots , indicators and scripts. You can also modify existing ones, provided you have the appropriate permissions to do so and the EA is not locked. Strategy Testing Testing and optimisation of any programmed robots can also be done on the MT4. Charting The MT4 features charts for all assets traded on the platform. The charts feature three methods of price representation: This is where the price quote for each listed asset on the MT4 is displayed.