When it is convenient and comfortable to work on the platform, and everything is clear, in every sense, then it becomes popular.
The MT4 is much more reliable to use, and they have set a standard over the years, also most traders are familiar with its works and advantages.
For me, MT4 is a convenient and functional trading terminal. I developed my strategy on this platform, so I continue to trade on it. But we must not forget that the quality of this platform depends on the broker, so it is important to choose a reliable company that will provide fast execution and minimal spreads, as well as stable operation of the trading platform. In this regard, I liked the fxopen broker.
MT4 is a robust choice for traders, blending user-friendliness with powerful features. Its no-cost setup and multifunctionality make it accessible, while customization options cater to individual trading styles. Compared to other platforms, MT4’s reliability, security, and community support are standout features. It’s a solid choice for both beginners and seasoned traders!
Eventually this mt4 setup has to end because of the launch of mt5 however many still stick with the previous version till it stop working.
MT4 is popular due to its user-friendly interface, extensive charting tools, and support for automated trading through Expert Advisors. Its versatility, wide range of indicators, and strong community support make it ideal for both beginners and experienced traders. Additionally, many brokers offer it, enhancing accessibility.
Also, this platform does not require powerful computer resources, which makes it accessible to most traders, even with not very powerful devices. Also, MT4 has mobile versions for iOS and Android, which allows traders to trade and monitor the market anytime and anywhere.