I use MT4 for trading in forex because it's the most used by trader. And any broker we use for trading like instaforex, octafx, they also provide MT4. The difference is server which they use for trading and every broker has weakness
As everyone suggest MT4 is most usable trading platform in this market. You can find this software with any broker's website.
I can say that MT4 is good and stable software, and the main thing - it's secure! that's why practically all brokers offer this trading platform. There are lots of means for analysis and everything to trade with comfort. You can even write your personal strategy there (look at the programming function). Some traders don't like mt4, but I think it's the best software ever.
Yeah, MT4 has so many features with it. My choice is MT4, if others traders like others software then they can go for it. After all, every one has his own likes and dislikes according to their strategy and work in trading.
I would also vote for trying MT4 as it is relatively easier and more user friendly, rest i guess many of us already have their own choices but i also like using MT4 for its convenience and ease of use.
MT4 is without question, far and away, the worst non-web-based platform I've ever used. It's buggy, clunky, unreliable, nasty, and it also displays many indicators incorrectly. It's popular partly because it's the main (and sometimes the only) option offered by offshore, lightly-regulated/unregulated counterparty market-makers pretending to be brokers, who promote themselves relentlessly to very naive and gullible newbies likely to be of a gambling mentality because they're attracted by dangerously high leverage and bonus offers. Those are exactly the traders those outfits' business model depends on attracting, and they attract them very successfully. Accordingly, MT4 is very widely used by "hobby traders" with little experience, very little understanding, and typically wild dreams of what they can achieve and how quickly. It's extremely unpleasant and unreliable, and has hardly changed at all for about a decade (that in itself might tell you something). I recommend SierraChart or NinjaTrader. (Ninja has occasional problems, too, but is still in a whole different league from MT4). That fact also probably tells its own story, when you look at the overall success-rates in retail forex-trading. For some of us, that would be, if anything, an additional reason to avoid it.
I will not agree with this, i have used mt4 every time for trading some times it get bugged but after reinstalling it, all problems got solved. And that happens with any software you will use. There is no 100% software in market which will work for you every time without any issue.
I have been trading on an MT4 platform for years now and I see no reason to change it. It's easy and intuitive to use.
Then how can you possibly judge or compare?! The thread was started by someone who wants advice about which platform to use. How can someone who has only ever used one of them offer him helpful advice?
But what if my broker uses just MT? I am used to it already but I don't know if it's possible to use other platforms? Can I trade with that broker with the other platform or is it forbidden?