Trading Platforms·Forex trading platform

MetaTrader 4 (MT4) Review: Fees, Features, and Ratings

Long-standing forex platform — broad EA library.

4.3(360 reviews) Limassol, Cyprus Founded 2005 AdvancedLast updated 2026-02-14
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Platform
Desktop, web, mobile
Data fees
Provided by broker
Order types
Pending + market + OCO
Mobile
Yes

This listing is unclaimed. Data was compiled by MoneyMoodBoard editors from publicly available sources and has not been confirmed by the business. Details may be incomplete or out of date — verify regulatory status before depositing money.

About MetaTrader 4 (MT4)

MetaTrader 4 (MT4) is a forex trading platform in the trading platforms category regulated by Platform — connects to regulated brokers. Founded in 2005 and headquartered in Limassol, operating for 21 years, it is most often used for running active intraday strategies with low slippage.

Why people search for this

Get the tools, order types and data feeds an active trader needs without overpaying on commissions.

Who MetaTrader 4 (MT4) fits — and who it doesn't

MetaTrader 4 (MT4) fits best when you are running active intraday strategies with low slippage, and specifically when need professional-grade charting and order execution. It also suits investors who use the platform's api or scripting to automate strategies.

It is not the right pick for someone who needs a fundamentally different product from a forex trading platform.

How fees work at MetaTrader 4 (MT4)

MetaTrader 4 (MT4)'s headline cost is platform subscription at See attributes. Secondary line items include real-time data (Exchange fees passed through). Always cross-check fees against the operator's current pricing page — schedules change without notice.

Regulation & safety

MetaTrader 4 (MT4) is registered with or supervised by Platform — connects to regulated brokers. Regulatory registration is not a guarantee against loss — it means the firm operates under a defined rule-book and is subject to enforcement when it doesn't.

How MetaTrader 4 (MT4) compares

The closest peer to MetaTrader 4 (MT4) in this directory is AmiBroker, also a quant analysis and trading. On platform the two differ visibly — MetaTrader 4 (MT4) shows Desktop, web, mobile, while AmiBroker shows Desktop. If you are torn, open both side by side in the compare tool to see every attribute laid out in one table.

AttributeMetaTrader 4 (MT4)AmiBroker
PlatformDesktop, web, mobileDesktop
Data feesProvided by broker$279–$499 one-time
Order typesPending + market + OCOVia connected broker
MobileYesNo

MetaTrader 4 (MT4) is a forex trading platform in the trading platforms category, headquartered in Limassol. Long-standing forex platform — broad EA library.

MetaTrader 4 (MT4) is a trading platform first released in 2005. It connects to one or more regulated brokers and provides professional-grade charting, order management and (on most plans) automated-strategy support. Pricing usually combines a platform subscription with pass-through exchange data fees.

Best for

  • Active traders. Need professional-grade charting and order execution.
  • Systematic traders. Use the platform's API or scripting to automate strategies.

MetaTrader 4 (MT4): questions

Common questions about MetaTrader 4 (MT4)

Short answers to the questions people most commonly type into search when researching MetaTrader 4 (MT4). Each answer is composed from this listing's own data — regulator footprint, fees, headquarters, ratings — so it reflects the current state rather than a generic template.

Is MetaTrader 4 (MT4) safe?

MetaTrader 4 (MT4) operates under Platform — connects to regulated brokers, which means it is subject to the disclosure and conduct rules of those regulators. "Safe" in this context refers to the firm's licensing and operational footprint, not to the price risk of the underlying software for executing trades — those can still fall. Verify the regulator entry directly before depositing funds.

Is MetaTrader 4 (MT4) legit?

MetaTrader 4 (MT4) has been operating since 2005 from Limassol, Cyprus and carries a 4.3/5 rating across 360 user reviews on MoneyMoodBoard. Combined with its regulator listing(s) above, that is consistent with a legitimate, established operator — but it does not vouch for product fit or future performance.

MetaTrader 4 (MT4) fees explained

The headline cost at MetaTrader 4 (MT4) is platform subscription at See attributes. The Fees & Features tab on this page lists every line item the operator currently discloses; always cross-check against the operator's own pricing page before opening an account.

How to open a MetaTrader 4 (MT4) account

Opening an account with MetaTrader 4 (MT4) typically requires a government-issued ID, proof of address, and a funding source linked from a US bank. Most accounts in the trading platforms category clear within one to two business days; expect to confirm tax residency (W-9 for US persons) before your first deposit settles.

MetaTrader 4 (MT4) vs AmiBroker

MetaTrader 4 (MT4) and AmiBroker both sit inside the trading platforms category and target similar users. The fastest way to choose is to open the side-by-side compare tool — fees, regulation and feature differences are surfaced row by row instead of summarised in prose.

MetaTrader 4 (MT4) pros and cons

The strongest arguments for MetaTrader 4 (MT4) are deep technical-analysis toolset and multi-monitor workflow. The trade-offs to weigh are steep learning curve and real-time data subscriptions add cost. Read the Reviews tab for what verified users actually report after using it.

Before you decide, read these MoneyMoodBoard guides

Alternatives to consider

These are the closest peers to MetaTrader 4 (MT4) inside the trading platforms category on MoneyMoodBoard. Open any card to compare fees, features, regulation and verified user reviews side by side, or add them to the compare tray to evaluate up to four together.

Sources for MetaTrader 4 (MT4)

All numeric values, regulatory statuses and license details on this page reference primary sources above. Verify before depositing funds — schedules and registrations change without notice.