Platforms & Technology
MetaTrader 4 (MT4)
Definition
A popular forex trading platform developed by MetaQuotes, widely used by prop firms for forex and CFD trading.
How It Works
MetaTrader 4 is one of the most established trading platforms in the retail forex industry. It supports forex pairs, CFDs, commodities, and indices.
MT4 offers charting tools, technical indicators, Expert Advisors (automated trading), and a large community of custom indicator developers. While it's being gradually replaced by MT5, many prop firms still offer MT4 due to its popularity and reliability.
MT4 is best for forex traders who use custom indicators or EAs.