When it comes to trading platforms, the MetaTrader4 is the top platform preferred by most forex traders. It’s a trading platform designed to help traders analyze and strategize their trades with the help of various tools and functionalities. In this article, we’re going to enumerate the benefits you can get by using MetaTrader4. 

User-Friendly Interface 

This platform’s interface is extremely easy to understand and intuitive. This makes it easier for traders to focus on their trades and strategies rather than get disturbed by unnecessary complexities on the platform’s design. 

Supports Many Languages

Almost anyone from around the globe can use MT4 since it supports hundreds of languages, making it more accessible for more kinds of traders in different regions and countries.

Advanced Charting Capabilities

Aside from a very straightforward user-interface, the MT4 also offers advanced charts that enable traders analyze the technical aspects of the markets simultaneously.

You can even change the colors and styles of the charts or load presets to reflect your personal preferences. You can also remove functions that aren’t in your focus. 

Expert Advisors 

This is one of the most popular features of the MetaTrader4. Expert Advisors are tools that automate traders’ trades. Customized Expert Advisors can help you trade better and remove emotions out of the equation.

In fact, the algorithmic trading capabilities of the MT4 are what primarily made it a very popular trading platform among forex brokers. 

Communication Functions 

Communication is also very smooth with the MT4. The platform incorporates advanced communication tools for brokers to send messages and communicate with traders easily and fast.

You won’t have to go through long and tiresome email threads, making the experience much simpler. Attachments can also be sent through the MT4 platform. 

Security

The MT4 platform also takes care of security. Of course, forex trading and the personal information you have on it are very sensitive. Thus, security is a primary concern. 

The MT4 platform keeps your account away from any danger of hacks or attacks. It’s a high secure platform that encrypts the data between a trader and server with a 129 bit key. Your IP address is also completely kept private. 

Flexibility

The MT4 platform supports all kinds of currency pairs, from the major ones to the most exotic ones and even cross pairs. And even though it’s primarily made for trading in the forex market, you can also use it to trade in others such as stocks, commodities, and futures. 

Customizability

The MT4 platform also sports customizability so you can tailor-fit the platform to meet your trading needs and practices. This includes the ability to develop your very own Expert Advisor. You can even customize your technical indicators just by using the MT4’s advanced MQL programming language. 
Here’s a little catch, however: the codes for the MT4 platform are not compatible with the MetaTrader5, which is its successor. This has become a huge factor when switching between platforms among traders who have spent time and resources making customized indicators into MT4.