MetaTrader 4 (MT4): The Ultimate Guide for OnFin Traders
MetaTrader 4, also known as MT4, is one of the most popular and trusted trading platforms in the world. Designed for forex and CFD trading, it offers a range of tools, features, and compatibility options that make it suitable for both beginners and advanced traders. This guide will explore everything you need to know about MetaTrader 4 software, including how to use it, how to download it, and why it is the preferred choice for many traders.
What Is MetaTrader 4?
MetaTrader 4 (MT4) is an electronic trading platform widely used for forex trading, contract for differences (CFDs), and other financial markets. Released in 2005, it is renowned for its:
- Simple and user-friendly interface
- Powerful analytical tools
- Automated trading via Expert Advisors (EA)
- Customizable charts and indicators
MT4 is supported by almost every MetaTrader 4 broker and remains a leading platform in the financial markets.
Key Features of MetaTrader 4
- Full technical analysis toolkit
- 9 timeframes and 30 built-in indicators
- Automated trading with EAs
- Real-time price quotes
- One-click trading
Why Choose MetaTrader 4 with OnFin
At OnFin, we believe in providing traders with powerful tools and reliable platforms. MetaTrader 4 aligns perfectly with our goal of giving you the best trading experience.
Advantages of Using MetaTrader 4 with OnFin:
- Fast and secure MetaTrader 4 login
- Access to forex trading in MetaTrader 4
- Competitive spreads
- Excellent support for MetaTrader 4 demo account setup
- Smooth integration with MetaTrader 4 trading terminal
We are listed among the best brokers for MetaTrader 4, supporting MetaTrader 4 mac, MT4 Windows, and MetaTrader 4 Android versions.
MetaTrader 4 Software Download Options
You can easily download MetaTrader 4 for multiple devices. OnFin provides direct links and guidance for smooth installation.
MetaTrader 4 Versions:
| Device | Version | Download Type |
|---|---|---|
| PC | MetaTrader 4 for Windows | EXE Installer |
| Mac | MetaTrader 4 Mac OS X | DMG Package |
| Android | MetaTrader 4 Android | Google Play App |
| iOS | MetaTrader 4 iPhone/iPad | App Store |
| Browser | MetaTrader 4 WebTrader | Web Platform |
Quick Access Downloads:
- MetaTrader 4 download
- Download MetaTrader 4 for MacBook Air
- Download MetaTrader 4 for PC
- MetaTrader 4 web
- MetaTrader 4 software download
How to Use MetaTrader 4
Step-by-Step Setup:
- Install the platform (PC, Mac, or mobile)
- Login to MetaTrader 4 using your OnFin credentials
- Open demo or real account
- Customize charts using the toolbar and menu
- Use indicators from the navigation panel
- Open and close trades directly from the chart or terminal
Useful MT4 Functions:
- MT4 Expert Advisor (EA) for algorithmic trading
- MetaTrader 4 indicators like RSI, MACD, Bollinger Bands
- MetaTrader 4 trade copier to replicate trades
- Built-in MetaTrader 4 tools for analysis
MetaTrader 4 Demo Account
Using a MetaTrader 4 demo allows you to practice trading with virtual funds. OnFin offers a fast and simple demo account MetaTrader 4 setup.
Demo Account Benefits:
- No risk to your capital
- Real-time market conditions
- Learn to use MT4 features
MetaTrader 4 on Multiple Operating Systems
| Operating System | Support Available |
| Windows | Yes (Native) |
| macOS | Yes (via .dmg or emulation) |
| Linux | Yes (with Wine) |
| Android | Yes (Official App) |
| iOS | Yes (Official App) |
| Web | Yes (MetaTrader 4 WebTrader) |
We also support:
- MetaTrader 4 on Mac OS X
- MetaTrader 4 on MacBook
- MetaTrader 4 on Android and iOS
- MetaTrader 4 for Linux (with compatibility tools)
MetaTrader 4 Customization
MT4 can be customized in many ways to suit your strategy.
Custom Options:
- Change MetaTrader 4 color scheme
- Add and remove technical indicators
- Save chart templates
- Build or import custom MT4 Expert Advisors
MetaTrader 4 Trading Tools and Add-ons
MT4 provides access to an extensive ecosystem of tools:
- MetaTrader 4 EA: Automated bots for trading
- MetaTrader 4 Manager: Admin tools for brokers
- MetaTrader 4 API: Connect custom tools
- Support and resistance indicators for advanced analysis
Common MetaTrader 4 Issues and Fixes
Some traders face issues like MetaTrader 4 off quotes. This means the platform cannot execute a trade due to outdated or unavailable price data.
How to Fix MetaTrader 4 Off Quotes:
- Refresh quotes
- Check internet connection
- Re-login to your MT4 account
Other useful troubleshooting:
- Reinstall MetaTrader 4
- Switch server or change login credentials
- Use MetaTrader 4 VPS hosting for stability
MetaTrader 4 vs MetaTrader 5
Though MT5 is a newer version, MetaTrader 4 remains popular due to its simplicity and vast community.
Key Differences:
- MT4 focuses on forex and CFDs, MT5 supports more assets
- MT4 has simpler EA language (MQL4)
- More MetaTrader 4 brokers list options than MT5
MetaTrader 4 Brokers List and Availability
There are many brokers for MetaTrader 4, but not all offer the same quality. OnFin is proud to be among the best brokers for MetaTrader 4.
Known Brokers Supporting MT4:
- OnFin
- IC Markets (MetaTrader 4 IC Markets)
- IG Markets (IG MetaTrader 4 download)
- Forex.com (Forex.com MetaTrader 4 download)
- Doo Prime Trading Platform MetaTrader 4
MetaTrader 4 for Professional Trading
Benefits for Professionals:
- Depth of market data
- Scalping and hedging options
- Advanced analysis
- Multiple chart windows
- Alerts and push notifications
Whether you’re trading currencies, indices, or stocks, MetaTrader 4 at forex provides the flexibility and power required by serious traders.
MetaTrader 4 FAQ
1. What is MetaTrader 4?
MetaTrader 4 is a trading platform used for forex, CFDs, and other markets.
2. How to use MetaTrader 4 on Android?
Download the MetaTrader 4 app from Google Play, log in using your broker account, and start trading.
3. Can I use MetaTrader 4 on macOS?
Yes, MetaTrader 4 supports macOS through a .dmg file or emulation.
4. How to login to MetaTrader 4?
Open the app, enter your account ID, password, and choose the server.
5. What is the difference between MetaTrader 4 and MetaTrader 5?
MT4 is optimized for forex and has simpler scripting; MT5 supports more markets and advanced tools.
6. How do I open a demo account in MetaTrader 4?
Choose “Open Demo Account” during login or through the File menu.
7. Is MetaTrader 4 legit?
Yes, MT4 is widely regulated and used by trusted brokers globally.
8. How do I download MetaTrader 4 for MacBook Air?
Visit OnFin’s website for a direct MetaTrader 4 download for MacBook Air.
9. What does “off quotes” mean in MetaTrader 4?
It means the trade price is not currently available. Refresh quotes or reconnect.
10. Can I trade stocks on MetaTrader 4?
Yes, if your broker supports it. MT4 can be used for stocks, indices, and commodities.