MetaTrader 4 4.0.1420

MetaQuotes Software Corp. – Freeware – iOS Windows
out of 72184 votes

MetaTrader 4: The Trader's Best Friend

Peter Salakani

04/02/2025

A robust and versatile trading platform, MetaTrader 4 enables traders to maximize their market potential with powerful analysis tools and automated trading features.

Connect to hundreds of brokers and trade on currency markets from the MetaTrader 4 for iPhone or iPad!

The mobile trading platform allows users to perform trading operations and analyze currency quotes using technical indicators and graphical objects.

Risk Warning: Our programs may involve real trading with a high risk of losing money rapidly. Most retail investor accounts lose money when trading financial products. You should consider whether you understand how various financial products work and whether you can afford to take the high risk of losing money.

TRADING

Real-time quotes of financial instruments
Full set of trade orders, including pending orders
Trading from charts in iPad
All types of trade execution
Complete trading history

ADVANCED FUNCTIONALITY

High-performance charts
Customizable chart color scheme
Configuring properties of graphical objects and indicators
Display of four charts in one window available on iPad
Trade levels visualizing the prices of pending order, as well as SL and TP values on the chart
Information window that displays orders, trading history, emails, news, and logs on iPad
Sound notifications
Financial news — dozens of materials daily
Secure and fast chats with other traders, creation of group chats and channels
Support for push-notifications from the desktop platform and MQL5.community services

TECHNICAL ANALYSIS

Interactive real-time price charts with zoom and scroll options
30 most popular technical indicators
24 analytical objects: lines, channels, geometric shapes, as well as Gann, Fibonacci and Elliott tools
9 timeframes: M1, M5, M15, M30, H1, H4, D1, W1 and MN
3 types of charts: bars, Japanese candlesticks and broken line

Download MetaTrader 4 and start trading on currency markets!

To trade using real money, you need to open a real trading account by entering into a separate agreement with a financial company (broker), which has installed the server component of the MetaTrader 4 trading platform and has the appropriate permissions to provide financial trading service in their respective country. MetaQuotes is a software company and does not provide financial services, nor does it have access to MetaTrader 4 platform servers and databases managed by financial companies.

Overview

MetaTrader 4 is a Freeware software in the category Business developed by MetaQuotes Software Corp..

The latest version of MetaTrader 4 is 4.0.1420, released on 07/03/2024. It was initially added to our database on 09/10/2023.

MetaTrader 4 runs on the following operating systems: iOS/Windows.

Users of MetaTrader 4 gave it a rating of 5 out of 5 stars.

Pros

User-friendly interface suitable for both beginners and experienced traders
Advanced charting tools and analysis capabilities to make informed trading decisions
Supports the use of automated trading strategies with the help of Expert Advisors
Ability to customize and create personalized indicators and trading systems
Access to a large online community for support, resources, and shared strategies

Cons

Requires a steep learning curve for new users to understand all features and functionalities
Some users may find the platform overwhelming due to the abundance of tools and options available
Occasional server connectivity issues leading to potential disruptions in trading activities

FAQ

What is MetaTrader 4?

MetaTrader 4 is a widely used platform for Forex trading, providing tools and resources for traders to analyze financial markets.

Is MetaTrader 4 free to use?

Yes, MetaTrader 4 is free to download and use for trading in the financial markets.

Can I trade other assets besides Forex on MetaTrader 4?

Yes, besides Forex, traders can also trade CFDs (Contracts for Difference) and other financial instruments on MetaTrader 4.

Is MetaTrader 4 available on mobile devices?

Yes, MetaTrader 4 has mobile applications for both iOS and Android devices, allowing traders to trade on the go.

What technical indicators are available on MetaTrader 4?

MetaTrader 4 offers a wide range of technical indicators such as moving averages, RSI, MACD, Bollinger Bands, etc., to help traders analyze the markets.

Can I use automated trading systems (EAs) on MetaTrader 4?

Yes, MetaTrader 4 supports automated trading through Expert Advisors (EAs), allowing traders to automate their trading strategies.

Does MetaTrader 4 provide historical data for analysis?

Yes, MetaTrader 4 provides historical data for price analysis, backtesting strategies, and optimizing trading systems.

Is there a way to backtest trading strategies on MetaTrader 4?

Yes, traders can backtest their trading strategies using historical data within the MetaTrader 4 platform.

Are there risk management tools available on MetaTrader 4?

Yes, traders can use risk management tools like stop-loss orders and take-profit orders on MetaTrader 4 to manage their trades.

Can I customize the interface of MetaTrader 4?

Yes, traders can customize the interface of MetaTrader 4 by changing chart settings, color schemes, and adding custom indicators or scripts.

Peter Salakani

I'm Peter, a software reviews author at UpdateStar and content specialist with a keen focus on usability and performance. With a background in both software development and content creation, I bring a unique perspective to evaluating and discussing general software topics. When I'm not reviewing software, I enjoy staying updated on the latest tech trends, experimenting with new applications, and finding innovative solutions to everyday tech challenges.

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Latest Version
4.0.1420

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