Is MT4 a broker?

Founded in 2000, MetaQuotes Software Corp is the developer of MetaTrader4 (MT4) and MetaTrader5 (MT5) software. The MetaTrader suite, which is licensed by brokers and offered to traders, is one of the most widely-used trading platforms for retail forex and CFDs trading globally. How many MT4 brokers are there?

How do I set up a broker on MetaTrader 4?

Choose the right broker for you that offers MT4 (or MT5), and then download the broker’s version of the platform directly from the broker’s website to start trading (or practicing with a demo account).

Is MetaTrader 4 a third-party trading platform?

No. MetaTrader 4 is a third-party trading platform that connects to a broker for forex trading. MetaTrader 4 is the most popular third-party platform for trading forex. MT4 alternatives do exist, and cTrader is an example of another popular trading platform.

Can I use MT4 in the UK?

Yes, you can use the MT4 trading platform in the UK. There are even many UK-regulated brokers, overseen by the FCA, that support the use of MT4. CFDs are complex financial instruments and more than half of retail investor accounts lose money when trading CFDs.