After Apple Inc. removed the popular MetaTrader 4 (MT4
MetaTrader 4 (MT4)
MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists of both a client and server component. The server component is run by the broker and the client software is provided to the broker’s customers, who use it to see live streaming prices and charts, to place orders, and to manage their accounts. Mobile trading, Trading Signals and the Market are the integral parts of MT4 that collectively look to bolster trader’s experiences with the platform. Why MT4 is Still Popular Since its inception, the proliferation of MT4 has been due in large part to its ability for end users to write their own trading scripts and robots that could automate trading. This has been a large draw for brokers, who have made this platform the industry standard for over a decade.Presently, millions of traders use MT4 globally for their trading needs making it one of the most successful platforms of all time. MT4 also appeals to a broad spectrum of traders of all skill levels, adding to its flexibility amongst brokers.The platform leverages advanced technical analysis, flexible trading system, algorithmic trading and expert advisors, as well as mobile trading applications. MetaTrader supports 31 languages while the installation takes no more than a few minutes to complete. Overall, MT4 is also a versatile program for brokers, given its availability on Windows, MacOS, and Linux.
MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists of both a client and server component. The server component is run by the broker and the client software is provided to the broker’s customers, who use it to see live streaming prices and charts, to place orders, and to manage their accounts. Mobile trading, Trading Signals and the Market are the integral parts of MT4 that collectively look to bolster trader’s experiences with the platform. Why MT4 is Still Popular Since its inception, the proliferation of MT4 has been due in large part to its ability for end users to write their own trading scripts and robots that could automate trading. This has been a large draw for brokers, who have made this platform the industry standard for over a decade.Presently, millions of traders use MT4 globally for their trading needs making it one of the most successful platforms of all time. MT4 also appeals to a broad spectrum of traders of all skill levels, adding to its flexibility amongst brokers.The platform leverages advanced technical analysis, flexible trading system, algorithmic trading and expert advisors, as well as mobile trading applications. MetaTrader supports 31 languages while the installation takes no more than a few minutes to complete. Overall, MT4 is also a versatile program for brokers, given its availability on Windows, MacOS, and Linux.
Read this Term) and MetaTrader 5 (MT5) trading apps from its App Store at the end of September, the industry began to speculate on what impact this would have on the future shape and operations of retail contracts for difference (CFD) brokers. According to a survey conducted by Finance Magnates, cTrader appears to be the most interesting alternative in the face of recent developments.
Apple’s removal of access to MT4 and MT5 was an unexpected move. It should be remembered that the App Store is the only place where users can download mobile applications for their iPhones and iPads (with some technical exceptions). So, for traders using Apple mobile devices, this means no access to one of the oldest and most popular retail trading platforms.
cTrader Instead of MetaTrader? Find Out the Results of the Finance Magnates Survey
Before the weekend, Finance Magnates asked brokers and industry professionals on LinkedIn which “preferred trading alternative” they would choose in the face of the MT4 and MT5 ban in the AppStore, and which solutions could potentially be best for users.
More than 350 people participated in the survey, and according to the majority (53%), the best alternative will be the cTrader platform by Spotware. The platform, which has been in development for many years, gained a dominant lead over the second-ranked, MatchTrader (27%), then Leverate (12%) and XOpenHub (8%).
Unlike products owned by MetaQuotes, the cTrader app is continuously available in the App Store. Additionally, according to data collected by Finance Magnates Intelligence, MetaTrader 4 and 5 were the dominant trading platforms in the CFD market (83.8%). Moreover, the volumes generated by mobile trading have exceeded those generated from desktop computers (56% vs. 44%) in recent months.
Finance Magnates Intelligence data provides information on the volume distribution among MT4, MT5 and other platforms that retail brokers may offer. All values are calculated based on data from brokers providing more than one platform to their clients. The data only includes brokers that shared information with Finance Magnates Intelligence and may not give a detailed or representative picture of the retail industry as a whole.
Advantages of the cTrader Platform
The cTrader platform was created and is still being developed by Spotware, currently offering trading on desktop and mobile apps as well as web browsers. As seen from the platform’s description on its website, its mission is to find a balance between ease of use and advanced and comprehensive features so that both experienced and novice traders can use it.
The mobile app, available for both iOS and Android, incorporates virtually all of the major functionalities of the dexterous platform and is available in 22 different languages, increasing accessibility for an international client base.
The app offers access to smooth and responsive charts in 26 timeframes and 50 different indicators. More information about Spotware’s platform can be found here.
More Surveys from Finance Magnates Coming Soon
Finance Magnates has been one of the leaders in the retail trading
Retail Trading
In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail traders in every market ranging from commodities to stocks. The forex market is by far the largest and has the most retail traders. Retail foreign exchange trading is a small segment of the broader foreign exchange market where individuals speculate on the exchange rate between different currencies. In 2020 it is estimated that the forex market will exceed 7 billion dollars in daily activity. Retail Trading Sector Continues to GrowThe retail sector has developed with the advent of dedicated electronic trading platforms and the internet, which have allowed individuals to access the global currency markets. In 2016, it was reported that volume from retail foreign exchange trading represents 5.5% of the whole foreign exchange market or $385 million in daily trading turnover. Individual retail traders can access the same trades as central banks and online financial institutions. The retail forex trading industry is growing every day with the advent of trading platforms and their ease of accessibility on the internet.Retail traders rely on brokerage services who provide access to markets in the form of comprehensive trading platforms. The most common of these are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which offer trading to forex, stocks, contracts-for-difference (CFDs), and other assets.
In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail traders in every market ranging from commodities to stocks. The forex market is by far the largest and has the most retail traders. Retail foreign exchange trading is a small segment of the broader foreign exchange market where individuals speculate on the exchange rate between different currencies. In 2020 it is estimated that the forex market will exceed 7 billion dollars in daily activity. Retail Trading Sector Continues to GrowThe retail sector has developed with the advent of dedicated electronic trading platforms and the internet, which have allowed individuals to access the global currency markets. In 2016, it was reported that volume from retail foreign exchange trading represents 5.5% of the whole foreign exchange market or $385 million in daily trading turnover. Individual retail traders can access the same trades as central banks and online financial institutions. The retail forex trading industry is growing every day with the advent of trading platforms and their ease of accessibility on the internet.Retail traders rely on brokerage services who provide access to markets in the form of comprehensive trading platforms. The most common of these are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which offer trading to forex, stocks, contracts-for-difference (CFDs), and other assets.
Read this Term industry for more than a decade when it comes to providing key information and analysis to brokers and industry professionals.
The popularity of the recent survey and the discussion that ensued under it have made us decide to use this format far more often. If you would like to express your opinion on issues that are important from a broker’s point of view, participate in our polls or see the results, then follow our LinkedIn profile.
After Apple Inc. removed the popular MetaTrader 4 (MT4
MetaTrader 4 (MT4)
MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists of both a client and server component. The server component is run by the broker and the client software is provided to the broker’s customers, who use it to see live streaming prices and charts, to place orders, and to manage their accounts. Mobile trading, Trading Signals and the Market are the integral parts of MT4 that collectively look to bolster trader’s experiences with the platform. Why MT4 is Still Popular Since its inception, the proliferation of MT4 has been due in large part to its ability for end users to write their own trading scripts and robots that could automate trading. This has been a large draw for brokers, who have made this platform the industry standard for over a decade.Presently, millions of traders use MT4 globally for their trading needs making it one of the most successful platforms of all time. MT4 also appeals to a broad spectrum of traders of all skill levels, adding to its flexibility amongst brokers.The platform leverages advanced technical analysis, flexible trading system, algorithmic trading and expert advisors, as well as mobile trading applications. MetaTrader supports 31 languages while the installation takes no more than a few minutes to complete. Overall, MT4 is also a versatile program for brokers, given its availability on Windows, MacOS, and Linux.
MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists of both a client and server component. The server component is run by the broker and the client software is provided to the broker’s customers, who use it to see live streaming prices and charts, to place orders, and to manage their accounts. Mobile trading, Trading Signals and the Market are the integral parts of MT4 that collectively look to bolster trader’s experiences with the platform. Why MT4 is Still Popular Since its inception, the proliferation of MT4 has been due in large part to its ability for end users to write their own trading scripts and robots that could automate trading. This has been a large draw for brokers, who have made this platform the industry standard for over a decade.Presently, millions of traders use MT4 globally for their trading needs making it one of the most successful platforms of all time. MT4 also appeals to a broad spectrum of traders of all skill levels, adding to its flexibility amongst brokers.The platform leverages advanced technical analysis, flexible trading system, algorithmic trading and expert advisors, as well as mobile trading applications. MetaTrader supports 31 languages while the installation takes no more than a few minutes to complete. Overall, MT4 is also a versatile program for brokers, given its availability on Windows, MacOS, and Linux.
Read this Term) and MetaTrader 5 (MT5) trading apps from its App Store at the end of September, the industry began to speculate on what impact this would have on the future shape and operations of retail contracts for difference (CFD) brokers. According to a survey conducted by Finance Magnates, cTrader appears to be the most interesting alternative in the face of recent developments.
Apple’s removal of access to MT4 and MT5 was an unexpected move. It should be remembered that the App Store is the only place where users can download mobile applications for their iPhones and iPads (with some technical exceptions). So, for traders using Apple mobile devices, this means no access to one of the oldest and most popular retail trading platforms.
cTrader Instead of MetaTrader? Find Out the Results of the Finance Magnates Survey
Before the weekend, Finance Magnates asked brokers and industry professionals on LinkedIn which “preferred trading alternative” they would choose in the face of the MT4 and MT5 ban in the AppStore, and which solutions could potentially be best for users.
More than 350 people participated in the survey, and according to the majority (53%), the best alternative will be the cTrader platform by Spotware. The platform, which has been in development for many years, gained a dominant lead over the second-ranked, MatchTrader (27%), then Leverate (12%) and XOpenHub (8%).
Unlike products owned by MetaQuotes, the cTrader app is continuously available in the App Store. Additionally, according to data collected by Finance Magnates Intelligence, MetaTrader 4 and 5 were the dominant trading platforms in the CFD market (83.8%). Moreover, the volumes generated by mobile trading have exceeded those generated from desktop computers (56% vs. 44%) in recent months.
Finance Magnates Intelligence data provides information on the volume distribution among MT4, MT5 and other platforms that retail brokers may offer. All values are calculated based on data from brokers providing more than one platform to their clients. The data only includes brokers that shared information with Finance Magnates Intelligence and may not give a detailed or representative picture of the retail industry as a whole.
Advantages of the cTrader Platform
The cTrader platform was created and is still being developed by Spotware, currently offering trading on desktop and mobile apps as well as web browsers. As seen from the platform’s description on its website, its mission is to find a balance between ease of use and advanced and comprehensive features so that both experienced and novice traders can use it.
The mobile app, available for both iOS and Android, incorporates virtually all of the major functionalities of the dexterous platform and is available in 22 different languages, increasing accessibility for an international client base.
The app offers access to smooth and responsive charts in 26 timeframes and 50 different indicators. More information about Spotware’s platform can be found here.
More Surveys from Finance Magnates Coming Soon
Finance Magnates has been one of the leaders in the retail trading
Retail Trading
In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail traders in every market ranging from commodities to stocks. The forex market is by far the largest and has the most retail traders. Retail foreign exchange trading is a small segment of the broader foreign exchange market where individuals speculate on the exchange rate between different currencies. In 2020 it is estimated that the forex market will exceed 7 billion dollars in daily activity. Retail Trading Sector Continues to GrowThe retail sector has developed with the advent of dedicated electronic trading platforms and the internet, which have allowed individuals to access the global currency markets. In 2016, it was reported that volume from retail foreign exchange trading represents 5.5% of the whole foreign exchange market or $385 million in daily trading turnover. Individual retail traders can access the same trades as central banks and online financial institutions. The retail forex trading industry is growing every day with the advent of trading platforms and their ease of accessibility on the internet.Retail traders rely on brokerage services who provide access to markets in the form of comprehensive trading platforms. The most common of these are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which offer trading to forex, stocks, contracts-for-difference (CFDs), and other assets.
In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail traders in every market ranging from commodities to stocks. The forex market is by far the largest and has the most retail traders. Retail foreign exchange trading is a small segment of the broader foreign exchange market where individuals speculate on the exchange rate between different currencies. In 2020 it is estimated that the forex market will exceed 7 billion dollars in daily activity. Retail Trading Sector Continues to GrowThe retail sector has developed with the advent of dedicated electronic trading platforms and the internet, which have allowed individuals to access the global currency markets. In 2016, it was reported that volume from retail foreign exchange trading represents 5.5% of the whole foreign exchange market or $385 million in daily trading turnover. Individual retail traders can access the same trades as central banks and online financial institutions. The retail forex trading industry is growing every day with the advent of trading platforms and their ease of accessibility on the internet.Retail traders rely on brokerage services who provide access to markets in the form of comprehensive trading platforms. The most common of these are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which offer trading to forex, stocks, contracts-for-difference (CFDs), and other assets.
Read this Term industry for more than a decade when it comes to providing key information and analysis to brokers and industry professionals.
The popularity of the recent survey and the discussion that ensued under it have made us decide to use this format far more often. If you would like to express your opinion on issues that are important from a broker’s point of view, participate in our polls or see the results, then follow our LinkedIn profile.