MetaTrader 4 Reviews & Ratings

4.5/5

“Works Well, But Feels Old”

MT4 is great for forex trading, and I like how I can customize everything. But the interface feels like it’s stuck in the early 2000s.

Pros : Reliable and customizable.

Cons : Outdated design.

Switched from : NeoTrader

Reason to switch : MT4 has better broker support.

4.3/5

“Great for Learning Trading”

As a beginner, I found MT4 easy to learn, and there are many guides online. I just wish it had a built-in economic calendar for tracking events.

Pros : Simple layout, lots of tutorials available.

Cons : No built-in economic calendar.

Switched from : KeyStocks Lite

Reason to switch : MT4 has a better focus on forex trading.

4.3/5

“Best for Forex and CFDs”

I trade forex and CFDs, and MT4 is perfect for that. The only issue is that it runs on 32-bit, so sometimes it lags when I load too much data.

Pros : Good execution speed, useful indicators.

Cons : Limited to 32-bit architecture.

Switched from : Kaushik Trading System

Reason to switch : MT4 is still more popular and widely used.

4.2/5

“A Classic Trading Platform”

MT4 is a classic platform that gets the job done. I like how widely it’s supported, but I do wish it had some of the newer features found in MT5.

Pros : Trusted by many traders, works on most brokers.

Cons : No multi-timeframe feature like MT5.

Switched from : OptimSignals

Reason to switch : MT4 is still the industry standard, so I stuck with it.

4.2/5

“Simple but Powerful”

I’ve been using MT4 for my day trading, and it works well. The platform is stable, but I wish it had better news integration for quick updates.

Pros : Easy to set up, reliable for day trading.

Cons : Needs better built-in news updates.

Switched from : Market View Terminal (MVT)

Reason to switch : MT4 is more widely used and has better community support.

4.2/5

“Good for Automated Trading”

I use MT4 mostly for automated trading, and it does a great job. However, when I open too many charts at once, it starts to slow down a bit.

Pros : Works well with expert advisors.

Cons : Can be slow when using too many charts.

Switched from : ALGO TRADING SOFTWARE

Reason to switch : MT4 has more bots and scripts available.

4.1/5

“Perfect for Forex Traders”

If you’re into forex trading, MT4 is one of the best platforms out there. It took me a while to figure out how to use automated trading, but now it’s very helpful.

Pros : Fast execution, good charting tools.

Cons : Learning how to use expert advisors took time.

Switched from : eSignal

Reason to switch : MT4 has more brokers and better customization.

4.1/5

“Love the Custom Indicators”

I like how I can customize my own indicators and scripts. The only downside is that the mobile version lacks some features from the desktop version.

Pros : Tons of indicators and trading scripts.

Cons : Mobile version is limited.

Switched from : Trend Analyser

Reason to switch : MT4 has a better community for custom scripts.

4.1/5

“Reliable Trading Platform”

I have been using MT4 for years, and it has never failed me. It’s great for forex trading, but I wish it had more options for stock trading.

Pros : Stable, works well for forex trading.

Cons : Limited support for stocks.

Switched from : TradingView

Reason to switch : TradingView has a better design, but MT4 is more reliable.

4/5

“Great for Beginners and Pros”

MetaTrader 4 is simple to use, and I like the variety of indicators and charts available. It has everything I need for trading, but I wish the design looked more modern.

Pros : Easy to use, lots of tools for trading.

Cons : The interface looks a bit outdated.

Switched from : Falcon7

Reason to switch : MT4 has a bigger community and better support for custom indicators.