Forex Trading

What Every Beginner Should Know About MetaTrader 4

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Traders can download the mobile app from the Google Play Store and enjoy the convenience of trading on the go. MT4 is renowned for its fast order execution, which is critical for traders who seek to capitalize on short-term price movements. Quick order execution minimizes slippage, the difference between the expected price and the actual price at which a trade is executed. Reduced slippage can significantly impact the profitability of a trader’s strategy.

Forex Risk Disclaimer

At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. Founded in 2005, MetaTrader 4 (MT4) is one of the most popular trading platforms globally, renowned for its simplicity and versatility. Offered by ActivTrades, MT4 caters to both beginners and experienced traders with its user-friendly interface and extensive range of trading tools. From forex to CFDs, the platform supports various instruments, making it a go-to choice for many traders.

  • MetaTrader 5 (MT5) is the successor to MT4, offering an even more advanced and feature-rich platform for traders.
  • ActivTrader covers the most popular asset classes available as CFDs, including popular indices, forex pairs, ETFs, commodities, bonds, and cryptocurrencies, across its platform and account types.
  • We analyze key tools and features important to forex and CFD traders and collect data on commissions, spreads, and fees across the industry to help you find the best broker for your needs.
  • ActivTrades’ implementation of MT4 offers customizable charts, expert advisors (EAs) for automated trading, and real-time market data.

ActivTrades offers both beginner and advanced educational videos and supports forex and CFD education. However, our research found that its educational resources are below average compared to competitors, and it earns only a moderate recommendation for new traders. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms. At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers.

  • ActivTrades offers three main trading platforms, including MT4, MT5, and TradingView.
  • Traders can also benefit from secure execution, multiple order types, and seamless integration with various financial instruments.
  • No, ActivTrades does not charge any fees for using its trading platforms such as MT4, MT5, cTrader, or TradingView.
  • ActivTrades provides an extensive suite of trading tools designed to enhance the trading experience and empower traders with advanced functionalities.

Why you should trust us

When you activ trades review choose an ActivTrades account for either demo or live use, you can develop your skills and trading strategies while benefiting from an experienced and award-winning broker. Brokersway is a website that provides unbiased reviews, ratings, and comparisons of online forex and CFD brokers. ActivTrades also provides several tools, such as Analysis, Trading Central, Market Buzz, and Economic Calendar, to improve trading efficiency and support automated strategies. Traders using MAC computers can easily download and install the MT4 platform to access the full suite of trading features. This low entry requirement makes it accessible for traders with low levels of capital. Though I found that ActivTrades has a good balance of research content, the quantity of content trails behind what you find with the best forex brokers.

Price Movers & Alerts

Yes, traders on ActivTrades can use Expert Advisors (EAs) with the MT4 platform. EAs enable automated trading by executing predefined trading strategies, making it convenient for traders who wish to implement algorithmic approaches. For traders who require a more detailed view of market liquidity, MT4 offers Level II pricing, commonly referred to as market depth. This feature provides information on the order book, showing not just the best bid and ask prices but also the volume of orders at various price levels. Having access to this information can help traders make more informed decisions by understanding the supply and demand dynamics in the market. During my testing of the broker’s offering and platforms, I found ActivTrades to be a well-rounded option with some unexpected unique features that boosted my overall opinion.

Does ActivTrades offer an MT4 Demo Account for Free?

This allows you to monitor key price points without constantly checking the charts. Double-click the desired instrument in the Market Watch window when ready to trade. You can then input your trade details, such as the amount you wish to trade, and set the parameters of any risk management tools, such as stop loss.

Understanding how to use MetaTrader 4 to its full potential takes time, but beginners can quickly master some of the basics to start trading profitably. If you’re beginning with a MetaTrader 4 demo account, you can practice using virtual funds to familiarise yourself with the platform and test strategies. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. All that said, commissions and fees at ActivTrades will largely depend on the assets you trade and the availability of individual assets will vary depending on the platform you use. Yes, based on your detected country of FI, you can open an account with this broker.

Excellent customer service:

Regularly updating the platform ensures access to the latest features and security enhancements. Joey Shadeck is a Content Strategist and Research Analyst for ForexBrokers.com. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

Offered by ActivTrades, MT5 expands on the capabilities of its predecessor by introducing more timeframes, advanced charting options, and support for additional asset classes like stocks and futures. TradingView is a web-based charting and trading platform founded in 2011 by Konstantin Ivanov, Denis Globa, and Stan Bokov. It provides real-time market data, technical indicators, and charting tools for analyzing forex, stocks, cryptocurrencies, and other financial instruments. Based on my testing, ActivTrades offers a solid lineup of platforms, particularly excelling with MetaTrader 4 and 5, enhanced by valuable custom tools that elevate the trading experience. However, its proprietary ActivTrader platform, while powered by TradingView charts, feels minimal and lacks the advanced features many traders expect.

Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. When you’re ready to start live trading, you must deposit funds into your account. Choose your strategies and begin trading your asset class in real market conditions.

You can download all of our available platforms and add-ons from your Personal Area, as well as from the relevant sub-page of the “Platforms” tab. After you’ve opened your account with your broker of choice, the next step is to download MetaTrader 4 to your device. In the next section, we look in more detail at how to set up and begin trading with a MetaTrader 4 account. FXEMpire, which compares independent brokers, rated ActivTrader as the best-regulated broker. To begin using MT4 with ActivTrades, download the platform from the official website, install it on your device, and log in using your ActivTrades account credentials.

He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).

Popular Forex Reviews

So, if you are considering using ActivTrades as your broker, you may be wondering if it works with MT4. ActivTrades is a long-standing brand with a proprietary trading platform, ActivTrader. ActivTrades also provides a well-rounded offering of third-party platforms and a good selection of custom add-ons, indicators, and trading tools for MetaTrader. Drawbacks include a smaller selection of tradeable symbols and fewer educational resources than what’s available from the best forex brokers. These tools help traders enjoy a better and more efficient trading experience by offering enhanced analysis, faster execution, and access to professional-level strategies. Trading in forex, stocks, cryptocurrencies, CFDs, indices, and commodities carries a risk of financial loss and may not be suitable for all investors.

Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. With its comprehensive selection of platforms and tools, ActivTrades offers the resources needed to execute strategies effectively and stay competitive in the forex and CFD markets. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets.