Review

MetaTrader 4 is a forex trading platform app from MetaQuotes Software Corp that can be downloaded from iStore for your iPad or your iPhone. It is available in the finance category and is a platform that allows the user to trade in Forex with the use of the iPhone or the iPad. There is no additional charge for the service.

Features

  • The user can trade the currency with more than 1000 servers connected to brokerage firms that make use of the trading platform.
  • It is possible to get real time quotes related to financial instruments.
  • With this information, you can trade from the chart and buy or sell shares, even while you are on the go.
  • The app makes use of some of the popular indicators, such as Williams Percent Range and Accelerator Oscillator.
  • There are sever timeframes, namely, M1, M5 and so on with three different chart types: Bars; Lines and Japanese Candlesticks.
  • The graphical settings can be adjusted for the technical indicators showing the color, the width and the line.
  • You can get real time quotes and a complete set of trade orders as well as pending orders.
  • All execution modes are supported and there is an offline mode where you can access the charts and the symbol prices.
  • It is very convenient as it offers the ability to have a chat with a registered MQL5.com user.
  • The toolbox window also displays emails and news.
  • Received messages are clearly classified into five groups, namely the Broker, Terminal and the Community, Chat and Other.
  • The size of the app is 7.8 MB and it is available in several languages, such as English, German, French, Arabic, Italian and several others.
  • The app has been optimized for the iPhone 5.
  • 4 charts can be displayed at the same, with each of them having its own specific setting.
  • Chart windows can be arranged in different ways with different options.

The Good

The user can go through the trading history and make adjustments to future strategies in accordance. Push notifications are also sent to the iPhone or iPad, so that you are always updated about any significant developments. It is a very useful and intuitive app with a very clear and easy layout.

The Bad

The app is complete in every way, but it does not offer true support for the iPad and it would be better if the iOS version were made universal. Those wanting to use it on their iPad have to make do with the zoomed window.

Summary

MetaTrader 4 is a forex trading platform app that is available free for your iPhone or iPad. You can control your trading account and trade in the market while on the go, with the use of 30 technical indicators that help you with the market analysis. It is a free, well-rounded app with a good interface and complete trading history. It is ideal for both experienced as well as new traders using the iPhone.

Download the App