MetaTrader 4 (MT4) is probably the best trading platform for Apple users. However, like everything in this world, even superior products have their drawbacks. So what are the main advantages and disadvantages of MetaTrader 4 for MAC?
Why Specialists Tend to Use Metatrader 4 for MAC
Today, MT4 is considered one of the most popular trading programs. Many traders find everything they need to trade in this terminal:
Positive User Experience
The most thoughtful interface allows both beginners and experienced traders to trade in this difficult and changeable market without any problems. Users of all levels say the platform is easy to use. Mobile applications provide access to the platform, regardless of your current location. You can download MetaTrader 4 on your macOS, smartphone, and any other gadget. Due to metatraders’ popularity, it has also become quite easy to hire a metatrader programmer to help design custom interfaces to your liking.
Large Selection of Languages
People from different countries can use the functionality of the platform and view personal information in their native language:
- English;
- German;
- Italian;
- Spanish;
- French; etc.
The list isn’t full because the variety of languages is really huge.
Social Trading
MT4 provides the function of copying signals from any trader in the community, regardless of which broker the signal provider has. MetaQuotes acts as an independent regulator. To be included in the list of providers, you must meet a number of strict requirements. Therefore, you rarely find “fake” accounts in the list of traders. Minus – a fixed monthly fee for signals, regardless of their performance.
What Metatrader 4 Developers Should Fix
This platform also has some disadvantages, although they are much less than advantages:
- Lack of fixing the accrual and withdrawal of swaps – In order to be able to track them in the future, the accrual of swaps should occur in the account history, but they are not displayed there. But this is not a problem, because they are recorded in the service logs.
- At the end of each day, the trading positions are automatically closed – Then they open again, but there is a slight price shift. Banks are to blame for this, many of them use MetaTrader 4 for macOS in their work.
- Currency trading terminal does not support market swaps, a complaint by some traders – As a result, swap points have to be manually adjusted, which can lead to errors and, in the future, to a deterioration in the quality of work. In reality, all parameters can be changed quickly and easily using the API manager.
All these disadvantages are felt only in the case of the inept use of the trading platform tools.
The Bottom Line
Since this platform is very popular, you can find a lot of positive and a number of negative reviews about it on the Internet. However, if your laptop runs on macOS, then MT4 is undoubtedly your best bet — no matter how experienced you are. MetaTrader 4 suits every proficiency level.
Devote some spare hours of your time. Let this program open up to you in full. After all, seasoned traders wouldn’t have been using it for so long!
