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Why do Brokers Need MetaTrader 4?

Why do Brokers Need MetaTrader 4?

MetaTrader 4, MT4, MetaTrader 5, Forex Trading Platform, Forex Back Office

Since the inception of Meta Quotes, a financial software company based out of Russia, it has dominated the Forex Trading Market software business. MetaTrader 4 is an electronic trading platform widely used by retail foreign exchange traders and brokers.

The main benefits of utilizing MetaTrader 4 (MT4) are:

  • It’s Free to Test Strategies – MetaQuotes is one of the few brokerage platforms that allows end users to test, modify, and code strategies without paying an up front software fee. This approach helped MT4 gain worldwide recognition in a short period of time.
  • EAs – Expert Advisors, also known as EAs, allow investors to enter the FX market without any trading experience. An entire market place exists for investors to diversify their portfolios by having an EA trade a portion of their capital. Because of EAs, brokers are able to further expand their presence and not restrict themselves just to day traders.

For the reasons above, MetaTrader 4 is the leading fx brokerage platform in the world. Any broker not offering MT4 is potentially throwing away thousands of dollars in revenue each month. Those looking to start up a brokerage should strongly consider using MT4 due to its instant recognition. Cloud Connected Financial works with some of the industry’s leading technology providers.  Contact us  for more details.

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