MT4 is not the only trading platform on the web, but it is by far the most popular, especially with forex traders. Most major brokers offer MT4 to their clients. If you have recently created an account with an online trading broker, here are some of the reasons why MT4 will help make your life easier.
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What Does MT4 Do?
Before we look at the advantages of using MT4, let’s look at what it actually is. As already mentioned, MT4 is a software platform that lets traders execute trades. It can be used with many different trading instruments, including stocks and shares, CFDs, and indices, but it is most popular with forex traders. MT4 lets traders open and close positions, manage their accounts, and access all kinds of useful tools. The good news is that you don’t even need to download the software to use MT4, as there is a web-based version. Here are some of the benefits of using MT4 on web.
Any serious trader wants to know the platform they use is secure. Thankfully, MT4 is as secure as it gets. The platform uses the latest security protocols and all data transferred between your device and the MT4 servers is fully encrypted. RSA signatures are supported, and trader IP addresses are also protected. You can make trades without worrying that hackers are intercepting your financial data or personal credentials.
Full Browser and OS Compatibility
Whatever browser you use, MT4 will work. This means you can trade from any device. MT4 also works with any operating system, including Linux and Android. As long as you have a stable internet connection, there is nothing preventing you from making trades using MT4.
It is Convenient
Not everybody wants to download the native version of MT4. For starters, it might not be your computer, or you don’t want to use up too many system resources on an older computer. Using the web-based version of MT4 means you can access your trading account from anywhere, even at work if you have an internet connection and are not restricted by a work VPN. There is no need to pack your trading computer when you travel if you can use any device and log in via a browser. This makes trading super convenient and easy.
All the Benefits of the Desktop Version
Just because the web-based version of MT4 doesn’t need downloading, don’t make the mistake of thinking it is a lesser version. It isn’t. The web version of MT4 has all the features available in the desktop version. This includes trading indicators, charts, your complete trading history, and all your account information, and more.
Even if you love using the browser version of MT4, you might decide to download the desktop version later. The advantage of doing this is that you don’t need to use a browser to make trades. Some traders also find the desktop version easier to use and less glitchy – but that’s something to explore for yourself.