MetaTrader 4 Reviews

by Chris_god's_son

MetaTrader is great on the phone or iPads, I’ve been self employed because of trading forex for over a year, I upgraded my computers and laptops and turns out that new software doesn’t support 32-Bit programs. Most software companies focus on 64-bit programs. That said if you have apple with Catalina MacOS you can no longer use Metatrader on your laptop or computer. I only use apple for everything and I refuse to use Windows. I think it’s pretty pathetic that such a huge trading platform is still so behind years later and doesn’t move forward to upgrade their program to a 64-Bit and make it easy for MacOS. If you already created an app for IPhones and IPads why not just complete the job and make MacOS apps available for MacBoooks and Mac computers. Let’s see how long it will take from this review until the job actually gets done.

by Iczysitka Simone

Terrible customer service,I have hunted around for months to try to find a way to speak to somebody about being scammed by an artificial broker I had 168,000$ in my accountAnd withdrew 48,000 which the broker never gave me and I had 120,000 and $.50 left and they have disabled my account I was trying to see if I could get what was left of my money. But yet there’s no one I can talk to and I have not transferred that lingering money into the broker because the broker doesn’t have a real registered licensed. There should be some sort of protection when choosing a broker with a fake license the trading platform should only except registered licenses and shouldn’t be able to except real licenses were where you add a platform through an app separate from the broker giving you no protection from being scammed out of every cent you have

by HRtrades

There is a bug that resets charts to default and erases all your drawings. Works well for awhile and then BAM! resets to default and drawings are gone! This has been an ongoing issue for years and updates have done nothing to fix it. Latest update also has an issue with drawing in landscape in the ability to pick up drawing points to adjust drawing. Was not a problem in previous version. Works fine in portrait but when drawing in landscape it’s a problem and you have to constantly turn the phone to portrait to bypass the landscape drawing issue. If these problems get fixed I would rate it a 5. The frustration associated with losing your drawings merits the low rating. The fact that it hasn’t been fixed yet shows this company doesn’t understand how important fixing this issue is for a real trader. I had hoped it was fixed this last update but it’s still there.

by Liiint Liiicker

Most of my problems or request are like other people. Push notifications would be nice to tell be a trade has been stopped, taken profit, or trade orders being triggered. The charting is easy to navigate but would like to be able to adjust orders, triggers, and stops from the chart itself but I can live with those problems. The most annoying this is I’ll have Many currency pairs charted and set for orders to be taken care of, then all of a sudden all my charting disappears and the whole chart system restarts to default without any of my lines or drawings! This is the glitch/bug that needs to be addressed the most because it’s a hassle to have to do everything over and over again. But I did notice that if I only analyze 6 charts or below the charts stay drawn up for a longer period of time so it must be a memory storage issue on MetaTrader4 side.

Please fix this because I can’t stand the white background of tradingview, plus white backgrounds use up more battery!

by Ace Ventureres

This is a good platform to monitor and make trades, I just wish MetaTrader4 could fix certain bugs and add some additional features.

For bug fixes:
- [PLEASE FIX THIS] When I draw too many shapes across multiple charts (in my case, 6-7 trend lines on all Major and Forex Cross pairs, some exotics and some cryptos), the application will delete all my shapes when I reload MetaTrader4 . This is very frustrating when I spend hours marking up my charts just to have it all deleted moments after finishing.
- If I draw big shapes on a large time scale like the D1 or W1, and switch over to the M15 or H1 scale, the shapes disappear on the smaller timeframes even though they are set to show on all timeframes.

For features, I would like added:
- The ability to turn off auto-zoom so I can scroll vertically on charts.
- Ability to set SL/TP by dragging horizontal lines on the charts as opposed to having to type in the exact numbers every time I trade.
- A pip calculator tool to let me know the distance between prices more efficiently.
- Black background or dark theme for the iPad version of MetaTrader4 .

All in all, I think this is a great app and would definitely like to use this as my primary trading platform because it is great for trading on the go. I just really hope the bugs and features I listed can be addressed soon so I can give MetaTrader4 a full 5-star review!

by RichChic100

MetaTrader4 has always worked great for me no complaints at all.. I mean literally perfect 👌🏼
The thing is though just last night I had to delete MetaTrader4 due to the "sell and buy line" not showing up so I thought to myself I'd just delete MetaTrader4 and then re download it to my phone to see if that would work.. Well it did but work but the problem now is I used to be able to manipulate my charts to the far left almost allowing me tons of space to my right of the charts but since I've redownloaded MetaTrader4 my charts have no room at all to the right of my iPhone screen.. this is honestly is really really annoying is this something MetaTrader is aware of???
And if so why the change?

by Brayion

I’m sure most users of the MT4 app love MetaTrader4 and probably have no issues as is the case with me . This is only 4 stars because by now anyone would’ve expected an update to MT4’s chart system. It’s hard to navigate the chart and see price action when you don’t have full control. You can only zoom out as far as the current price High and if you scroll backwards(the past) your unable to accurately compare it to the present because it forces you to follow the trend of the market . In essence your not truly able to look at the market from different angles . You can only scroll left or right and zoom in or out and can only go as high as the current price . It’s hard to see levels that you have already marked above price because of this . Seriously I love MetaTrader4 it’s amazing but please update the chart system already 🤘🏽

by Jiggaxjo

I enjoy using this platform, however numbers lag a bit off of real time its data comes in slower you can have great slippage due to this. Moreover I just had a major issue when the whole app was what seems to be frozen I closed MetaTrader4 several times and get the same result or numbers, spreads etc... would update/move. Idk how I will deal with this currently as i have trades that I am
currently in, this will probably affect me very negatively. I hope it fixes itself so I can control my trades and My account doesn’t get blown due to technical issues. In addition make it able to move tp/sl instead of inputs units or pressing “- or +” this would be more efficient.

By the way its been quite a while and Im still experiencing the same issues. 🙁

by Draqus008

I trade stocks, options, ForEx and Crypto. MetaTrader allows me to stay mobile vs being stuck behind a desk! The only thing, the reason why i gave 4 stars vs 5 is because id like to see more stocks on the mobile app list. I get it, most ppl trade the indices because they move in larger increments. However, everyone is not working with that capital nor everyones education level to understand how the US30 Nasdaq or the SPX move is NOT that fine tuned. While understanding a company or a stock may be more beneficial to them.
SQ, GS, HD, PYPL, TGT, CAT, HES are just a few companies to name that I’ve played options on that I can not do here on Meta…
Please consider adding more stock on your list.

Thank you!

by God Liv

Good Day. I Love MetaTrader4 . But All I ask is for one Request, for us all. May You Please...add More Timeframe Options, & alert & Push Notification On Iphone/ iPad App Please? On the iPad MT4 can you allow “Objects” & “indicators” to sync on the other charts that are open? This is an Request for All mobile/ iPhone/ iPad users... there’s a lot of platform that offers those options standard. But why won’t MT4? With all due respect MT4 Mobile is long over due for an update. And I know the developer(s) are aware of this. But choose not to do anything about it. I know they can, but choose not too. Why? I believe you should go ahead add those on, I’m telling you it will improve everything overall of MT4 mobile and it’s users also. Even if you don’t want to do it for free, maybe add that like an for “Paid App” option if you looking to make some revenue off of it, but either way. I suggest you should make it happen either one of them. Please.

by C0lder

Easy to understand and customize to your preferences I DO wish we had a ruler tool and were able to make custom time frames (i.e 10 minute, 2 hour charts) I personally enjoy looking at 2 hour and 10 minute charts on trading view myself and if I could make trades on MT4 based on these timeframes that would really make MetaTrader4 even better for me personally. Tools I would love to see be added: Ruler tool to measure pips /volume Long and Short position tools to measure Risk/Reward like trading view Custom timeframes These would make MetaTrader4 PERFECT

by Yaboipapi

I started off on the demo like everyone else but then I seen the potential of the forex market. From there I’ve met a countless amount people who were on MetaTrader4 using real accounts! Seeing that motivated me. From there I’ve opened my own account and started delving into the knowledge of the market. From candlesticks, to quarters theory, I even started enrolling into classes! At first I didn’t know where this would take me, but I’ve made a vision board of where I wanted to go and I know with hard work and dedication and a purpose MetaTrader4 will gladly get me there.

by XXLADYDEATHSTRIKEXX

I was never savvy at purchasing stocks or anything of the like, and have been intimidated by trading anything on the Forex market. However after this recommendation by your friend to use this as a dummy account at first has allowed me to learn while MetaTrader4 does everything! The incubate resources available THROUGH THIS FREE APP, is perfect for the newcomers, like me, and also as well for the expert level skills of a broker…TRY IT AND SEE! Little the fact that I can play with fake money ( and they have an option for people will actually money to invest )What more can I say? They even let you set parameters as a stop loss or take profit option with many many charts for you to determine when and how to make your next move. All I know is how grateful I am that I now have a skill I can fall back on no matter where I live

by SuperRedhead

Went from stocks to Forex and was originally using Ameritrade/Think or swim and it was not cutting it for me. Heard about a broker called Oanda I which it lead me to MT4 and I actually like using my iPad now to trade rather than my computer. Nothing is wrong with MT4 on the computer but I have yet to come across an easy to use program for my iPad. Now it’s a lot easier to trade literally anywhere. Buy and Sells are instant and has every tool for the graphs I care to use. Super easy and would be an excellent program for someone that is starting to learn.

by Ashannte'

Love love love trading on MetaTrader4! It’s easy to get the hang of it , not hard to use ...although at first it may seem a little intimidating. Im practicing in the demo account until I become profitable enough to use a live account with real money. Trading is a skill set everyone should learn. No matter what condition the economy is in, how many jobs are lost, trading is a skill set that can bring in great reward if you stay consistent and keep practicing. Once you identify patterns in the market, you’re able to be more comfortable and confident in your trades.

by Beiruebosbfjew

Demo accounts are easy to start learning 6 months to start being consistently profitable if you work hard, after two years I opened a real account with 3000 when I turned 18! I made 5k my first month while in college. But studying strategy’s and understanding the market is a long journey, but it’s possible to profit. 6 months into my real account and I’m averaging 10k a month and keep 10k on the account at all times and cash out every time I’m 1k over that 10k balance. With LOTS of practice you can gain a sox figure income while in college!

by Squeak -California

At first lost getting into MetaTrader4 and trying to figure out the toolbar, finding other setting options. After playing around, was able to utilize MetaTrader4 enough to do enough readings to lessens checks on other detailed sites. This is great for overall planning estimating and calculating generally, but doesn’t have all the fine tuned details to completely dissect a chart. Great trade platform as well, timely, runs without lag. Executes smoothly and reliable. Will continue to use it and help educate others as I share MetaTrader4.

by Matrixsha

It’s recommended you can go on Instagram, Twitter, or Facebook and join Trading Groups via Telegram app and take signals for trade ideas 💡. Also MetaTrader4 is high quality and quick especially for those who have unlimited data or 24/7 access to WiFi at home. However there may have been a few times that app may have glitched out on me or was stuck for a min due to Heavy Data Traffic in the Sever. Overall, this is a highly recommended app to use to enter the Foreign Exchange Market for CEOs, Managers, Investors, Business Owners, and even regular everyday people today!

by Pip_Whisperer

MetaTrader4 is why I bought an iPhone, and is why I had a Windows phone before when that was the only way to use MT4 mobile. MetaTrader4 is indispensable, and it has come SO far! I absolutely love it! I can now do many things with the charts that I never thought I would be able to do from my phone. The whole app is easy on the eye and easy to navigate. All it is lacking is the ability to set alerts as I could with my Windows phone years ago. I would also love to see the iPhone version more closely mirror the iPad version. But if these never happen, I still have a nearly perfect trading tool.

by Rzrtrailmaker

Some of the features are hard to use compared to the desk top but all an all it’ great I enjoy the convince of being able to trade on my phone and being able to check my investments at anytime no matter where I am. I see some negative reviews but I think that is for lack of knowledge I’m not expert but a lot of people treat forex like a scratch ticket and get upset when they lose. Do your homework and you can make money doubt you’ll be a millionaire but you can make a decent check. Good luck everyone and do yourself and wallet a favor and do as much research as you can daily to be able to succeed. If it was easy everyone would do it, Chaka he yourself to become successful!

by Awestruckangel

MetaTrader4 hasn’t changed much over that’s 5 years. It needs updating. I don’t understand how you still don’t have the black/grey background after it’s been requested for so many years. Also, I dislike that I don’t have templates! While I enjoy that I can have 4 pairs up and even one-click trading, you need to allow us to at least save 1 template for when we cancel out those screens from time to time. These things force me to use TradingView and then come use MT4 just to place the orders. Heiken Ashi candles would be nice a nice option as well!

by Runway Reem

MetaTrader4 is functional and somewhat user-friendly but it could use a tuneup. Being able to move your T/P, Buy/Sell, and S/L on Chart mode would be nice.
A “Stat” mode would also make a great feature to analyze your trade history in more depth (ie worst trading days, avg pips won/lost, etc.).
Also just as easy as you are able to Buy/Sell on Chart Mode, there should also be a “Close Trade” option on Chart Mode as well.
Last but not least is having Push notifications for when trades are executed or designated price points are hit.
That’s just my two cents. Happy trading everyone!

by AleemJagani

Ive been using MetaTrader4 for over 6 months and there are some improvements that would be great
1) have a notification based system, ie tells you when a position has been activated or a take profit/stop loss has been hit
2) automatic setting for stop loss movement, as in you can set a trade when it reaches a certain price move stop loss to entry thats just an example
3)have a graph specific to everyone, it should show your equity against time. Can be used to show your growth
4)also make your history be stored on both the server and your phone, because it takes very long to reload your history, however if it was saved on your phone as data it would be instantaneous or atleast give the option of choosing where to save the data
5)also most important is on each trade have an area where you can type notes. Helps to keep track of trades and reason for trade.

Thanks you

by P1at1num0298

I would easily give 5 stars if many of the key features were available. Notifications and trailing stop ability from Mobil would be amazing. Unfortunately I have to manually do it and that makes it tough. I also have to constantly watch a pair that comes within range, versus if notification was available I could simply wait until I'm notified allowing me to focus on key trades I'm already in. Aside from these small app adjustments MetaTrader4 overall is very reliable and easy to use and navigate!

by Ciananm13

MetaTrader4 functions just as it should. But there is definitely room for improvement. Most of us intraday traders are active during late hours of the night. MetaTrader4 NEEDS an night mode version where the background is black. The phone version of MetaTrader4 has this function, so I don’t see why the iPad version can’t have it. Also, push notifications would be amazing, so we can know about the status of our trades and prospects. Other trading services have these functions, please don’t fall behind your competitors.

by I J Bleezy I

Great app, but desperately needs the “Green on Black” color scheme that’s already available on iPhones but still unavailable on iPads for some reason.

I’ve enjoyed MetaTrader4 for a year, and I always just assumed it would’ve been updated by now, but MetaTrader4 Store says MT4 hasn’t been updated in over a year (MT5, which I don’t use, hasn’t been updated in 7 months)

The impact of not being able to use a black background on my battery life & the strain on my eyes has been pretty frustrating. Please update. (Thank you)

by Deebo45

Love MetaTrader4 ! Been using it for awhile trying to hone in on my forex trading skills. Easy to navigate through MetaTrader4 but the only thing that would make this rating a 5 instead of a 4 is when you make customize your charts and then make a new separate account you cannot customize the new accounts charts. Your still stuck with whatever you had on your previous charts. It would be nice to able to make new real or demo accounts and be able to have the option to have different customizations for different accounts! Other than that..a great app!

by Drei023

Simply THE best charting out there. While obviously not meant to replace the desktop version, MetaTrader Mobile is an amazing way to track the markets and your positions while in the go. I do my studies and set-ups at my desk and then watch and manage via MetaTrader4. Features I’d love to see added in the future would be price alert notifications, as well as stop and target adjustment from the chart in much the same way you can hold and drag horizontal lines. Otherwise great. And stable!

by Teyshon

Honestly MetaTrader4 makes placing trades sooooo easy. I could not be happier with convenience and easiness of connecting my broker with MetaTrader4 and placing trades in just a few taps. Viewing my profits (and losses) is set up in an really nice looking layout and makes my life easier. I know I say the word “easy” a lot, but what word is better to describe an app that’s used for placing trades. “Easy” should be how MetaTrader4 is set up. I simply view charts and do my technical analysis on TradingView and then place my trades right here. I have no complaints.

by Desi Fan

I love that i can monitor multiple accounts on a single app—i have demo and live accounts with 3 brokers and MT4 makes switching between them seamless.

Has all the most basic trading features you would expect: basic charts, market prices and basic trade management.

Need to add ability to load/unload EAs and custom indicators, and an interface to meta editor and github. So will need basic cloud access—would gladly pay a reasonable fee so that all aspects of my forex trading can actually become mobile!

by StotleD

This platform is intuitive and does everything I want from scaling out of trades to providing critical indications like ATR and volume. Some of the default indicators are worthless but you can search for custom Indicators created by others (available for purchase - but beware b/c they usually won’t work much better than the free ones). The mobile version is limited but still very good for trading on-the-go.