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MT4 WebTrader is an innovative online trading platform suitable for novice traders due to its user-friendly interface. The practicality and functionality of WebTrader are highly connected to its compatibility with the MT4 trading platform.
In our guide on MT4 WebTrader, we’re going to look at the benefits and features of MT4 WebTrader and how you can use the platform.
What are online trading platforms?
Online trading platforms, also known as electronic trading platforms, are software used to place orders on financial products. There’s a wide range of different products available with online trading platforms. From stocks and bonds to currencies and derivatives, the wide range of products allows traders to diversify their portfolio with MT4 WebTrader without the need to download a desktop program.
Online trading platforms stream live prices to traders and usually provide trading tools like charts, news feeds and other account management tools to enable traders to analyse the markets in more depth.
Benefits of MT4 WebTrader
One of the great benefits of using MT4 WebTrader trading platform is that it has almost the same functionality as the desktop version.
MT4 WebTrader enables retail clients to access an online trading platform without having to download any software. This makes it very convenient for traders to be able to visit a website, enter their login details and then use the program within their browser.
The fact that no download is necessary for MT4 WebTrader is also a huge benefit as it means you’ll never need to update the software. Every time you log on, you’ll be using the up-to-date version.
The MetaTrader 4 platform comes with huge functionality available for retail traders. Retail traders are given real-time access to market prices and liquidity which also applies to MT4 WebTrader online. There are also many tools available for technical and fundamental analysis, including extensive charting capabilities, indicators and news feeds.
It’s important to note however that despite the huge range of functionality on MT4 WebTrader, it doesn’t have all of the capabilities that the desktop version does.
Key features of MT4 WebTrader
- Trading directly via a browser
- Compatibility with any operating system
- Reliable data protection
- One Click Trading
- History of trading operations
- 30 indicators for technical analysis
- Graphical objects
- All types of trading operations
- Real-time quotes in Market Watch
- 9 timeframes
Functionality of MT4 WebTrader
Just like the desktop version of MetaTrader 4, MT4 WebTrader offers users a high degree of functionality for trading. You have access to a great number of charting capabilities which are fully customisable. Therefore, you can tailor the appearance of the platform to your preferences. The available charting tools have a wide range of indicators to enable effective analysis for your trading. In addition, MT4 WebTrader offers the ultra-fast execution capabilities of the desktop version of the MetaTrader 4 trading platform.
The platform also enables multiple trading orders for flexibility when trading. You can open and close orders while benefiting from robust security and stability to ensure you experience no issues while you are trading.
How to use the MT4 WebTrader trading platform
To start using the MT4 WebTrader platform, you should register with an online broker and create an MT4 trading account. You can access and use the WebTrader platform in just a few easy steps:
- Visit the terminal.
- Log in with an existing account or sign up.
- Fill out your data with the credentials you used to sign up with the broker.
- If you already have an account fill in your real or demo account credentials.
- Choose a trading server and choose OK.
- Your MT4 WebTrader trading platform will open in a new window.
Once you have completed these steps, you will gain immediate access to trading the markets anywhere, anytime.
Why choose the MT4 WebTrader?
The MT4 trading platform and MT4 WebTrader are great platforms for both experienced and beginner traders. They are easily customisable and have an intuitive interface with simple functionalities. Therefore, new traders can easily adjust the platform to their trading style and expertise.
Trading via the MT4 WebTrader platform with a solid broker enables traders to test their skills and risk management techniques as well as implement additional strategies.
MT4 WebTrader is considered an innovative and reliable platform in the online trading industry, making it the most widely chosen platform worldwide for years now.
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