Why Do Philippine Forex Traders Choose MetaTrader 4?

Wazzup Pilipinas!?

Forex trading is getting more and more popular worldwide. According to statistics, the daily turnover of the market for the period 2016-2019 increased from $5.1 to 6.6 trillion. Experts attribute this trend to the 24-hour Forex trading ability from anywhere with an Internet connection.

To conduct transactions about 54% of traders use MetaTrader 4 or MetaTrader 5 platforms. MT4 is more popular due to its simple interface. They also use MetaTrader 4 a lot in the Philippines. To get acquainted with this platform, experts recommend choosing trusted brokerage websites (for example, fbs.com). This approach will prevent merchants from losing money.

Key MetaTrader 4 Benefits

MT4 is suitable for beginners and experienced traders. This is due to easy navigation and the availability of quality support. Among other advantages, there are:

Availability of different language versions — thanks to this, traders from different countries can use the platform in their mother tongue.

Presence of extensive charting options — MT4 provides the visitors with many useful tools for this. Such a benefit makes it possible to analyze the technical aspects of the market more deeply.

Quick access to main functions — thanks to this, a trader can receive information about the account state, the transaction history, etc. in seconds.

Expert Advisors availability — this is a built-in add-on that automatically provides business councils (where necessary).

In addition, it’s important to mark a modern communication tools presence. The advantage makes it possible to arrange multiple long chains of messages.

Ability to Personalize the Platform and High Safety Level

It’s also worth noting that MT4 can be configured individually according to the trader’s needs. The user can create personal indicators and electronic advisors. This makes the trading process incredibly convenient.

The user's personal information and ongoing transactions are encrypted using advanced digital security protocols. Thus, the account hacking or leakage of personal data probability when using MT4 is close to zero.

Easy to Install and Remove

For the program MT4 installation, a trader needs only to:

Download the setup file (.exe). It takes several minutes.

Launch the downloaded file. After that, it’s needed to follow the installers instructions.

Create a demo or real account. The trader should enter the actual personal information for it. Before the users start trading, they need to familiarize themselves with the terms and conditions.

For MT4 deleting, a trader should go to the All Programs menu and click the corresponding button next to MetaTrader 4. Then the user has to delete the data folder of the same name on drive C. To receive more information about the removal process, visit, for example, the FBS website.

MetaTrader 4 System Requirements

For launching MT4, the user’s PC should have the following characteristics:

CPU with a frequency of 1.7 GHz or higher;

free hard drive space of at least 50 MB;

RAM equals 256 MB or more.

MetaTrader 4 may be launched on Windows, macOS, or Linux. Also, there are mobile MT4 versions for iOS and Android. The platform is compatible with Chrome, Opera, Firefox, Internet Explorer, and Safari browsers.