CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail accounts lose money when trading CFDs. Consider whether you understand how these products work and whether you can afford the high risk of losing your money.
The long-standing retail forex platform, still widely offered for its huge library of indicators and Expert Advisors.
MetaTrader 4, released by MetaQuotes in 2005, is the platform most retail forex traders learn first. It is built around forex and CFD trading, runs automated strategies called Expert Advisors written in MQL4, and has the largest marketplace of third-party indicators and robots.
Who it suits
Traders who rely on existing MQL4 tools, or who want the widest choice of brokers. Its limits are age-related: fewer timeframes and order types than newer platforms, and a single-threaded strategy tester.
What to check with a broker
The platform is the same everywhere; pricing and execution are not. Compare the account type, the commission, the server location and whether the broker allows the trading style you use, such as scalping or automated trading.
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CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail accounts lose money when trading CFDs. Consider whether you understand how these products work and whether you can afford the high risk of losing your money.