Single only reason is its huge community base. There are virtually tons of tons of free indicators and EAs out there. None of them is really helpful to make real money though.
Meta Trader 4 (MT4) is an electronic trading platform that was specifically developed by Meta Quotes for forex trading. It is easy and trustworthy platform to trade.
Whereas many trading platforms are slow and hard to use, MetaTrader 4 is extremely user friendly. It has an intuitive user interface, making navigation easy from the very beginning. It’s already hard enough to learn forex trading so you shouldn’t have to stress about the trading platform as well.
Metatrader 4 provides trading security and safety. Apart from this, it offers a lot of indicators which is an advantageous point for us to use MT4. It’s so super easy to use the platform. Trading on Mt4 is incredibly accurate. That is the price we quote with is provided in real-time. One thing which every trader would definitely like it’s full customisable.
MT4 is popular because of it user friendly nature, easy to operate. MT5 is also launched but i am still trading through Mt4.
MT4 or Meta Trader 4 is a trading platform for forex markets. This is the widely used platform by all the brokers and the investors for trading in the forex markets. It is popular because- - It is very simplified. - It is suitable for the usage of beginners as well as advanced traders. - Trading itself is a complex activity and if the the platform is also complex then things will get much more difficult for the traders that are why MT4 is preferred by most of the people. - There are no separate charges to use this platform. - It is universal for all the brokers, which means you can log in to any forex broker's account with this. - You can easily use EAs and other add on features on this platform.