What makes a good MT4 broker. I am thinking of opening a live account with my current broker but wanted to know what people out there think makes a good MT4 broker. Obviously they are all similar but what makes one stand out??? I dont mind changing brokers or opening another account if it is worth it.
i can recommand you Instaforex is you wish to open a new account. I trade with them and i have my partners trading and manging accounts with them. They will offer you 30% bonus deposit and if you are looking for managed account i can also help you with this matter. The quality of an MT4 broker will depend on the execution and liquidity and price feed and i think Instaforex is doing fine so far. Just let me know if you want me to help you open an account. Shak.
Look for ECN accounts. Small spreads and execution rate. I am not a huge fan of metatrader and believe you have a faster execution through platform that was made by the broker itself.(IF THEY ARE ECN) But fxprofits33 is correct Instaforex are making a good name lately. Good luck on your search.
There are several factors. Although spreads and execution are important, you also have the customer service factor and the broker's reputation. Just google for reviews of the broker in question, and if you find something you don't like, move along - there are so many broker to choose from so you will definitely find one which suits you.
Look at commissions on the investments you'll use most. Look for brokers with a track record of reliability. Pay attention to account minimums. Watch out for account fees. Look at the pricing and execution fine print. Consider tools, education and features.
MT4 is better than any trading platform because it contains all kinds of trading instruments with essential terms and conditions. So the newcomers should take this trading platform for acquiring proper basic fundamental trading knowledge.
According to me, what makes a good mt4 broker can be good execution speed, low spreads and minimal slippage. There are number of brokers providing MT4 platform along with good execution like fxview, pepperstone and hotforex.
Actually, the amount of interesting add-ons to MT4 makes the broker unique. All the broker offer unique conditions on trading with using terminals like MT4 or MT5. That's why it's very important to choose a broker, where conditions will be the most suitable for your trading style and temper. Some of the brokers offer exclusive assets which are available only in MT4 terminal from this broker. So, there are plenty of peculiarities and as a rule brokers always highlight the conditions, because as I said they're unique, at least they got used to be unique. So, be attentive and never regret the time on searching for a broker.
First off, MT4 is almost every trader’s choice because of its simplicity to use. Plus, with a reputed broker offering a good platform, you get to have a good execution speed, no delay or requotes issues in your trading. For me, I myself have been using MT4 with fxview for almost 2 years and all's well.