MT4 stands for MetaTrader 4 is the most popular forex trading software in forex market. It has been developed my MetaQuotes. MT4 can be largely credited to help forex market reach to the larger markets and to the retail traders.

Every time someone decides to start a forex brokerage and goes for market research, all they are asked if they will have MT4 Trading Terminal. Its so ingrained to all the forex traders that now they have started taking it for granted that a forex broker would anyways have MT4 Trading Terminal for sure.

Most of retail Forex Trader can’t imagine a forex broker running business without MT4. Thats the popularity and adoption level of MT4.

Both Forex Brokers & Traders have different questions about the MetaTrader4/ MT4 and we are going to answer them here in this MT4 FAQ Section. Please feel free to ask for any other question that we may have missed.

MT4 FAQ
MT4 FAQs

Is MetaTrader 4 a broker?

Is MetaTrader 4 a broker?

No, MetaTrader 4 aka MT4 is not a Broker but a Forex Brokerage & Trading Software developed by MetaQuotes Software Corps. Forex Brokers buy the MT4 White Label License and provide MT4 Trading Platform to Forex Traders. Its one of the Leading Forex White Label Solution available to Forex Brokers.

Check the disclaimer about the same on MetaQuotes official website https://www.metatrader4.com/en

Will MT4 be phased out?

Yes, it certainly looks like MetaTrader4 or MT4 will gradually be phased out sooner or later. MetaQuotes launched MT5 White Label & Trading Terminal, an upgrade or a successor to MT4 in year 2010. Ever since its launch, Forex Trading Market is abuzz with speculations that MetaTrader 4 or MT4 will be shut down soon. It’s been a decade and MT4 is still alive. MetaQuotes stopped selling new MT4 Server Licenses and additional servers to existing clients in January 2018. They had stopped the development and updates on MT4 in year 2015 only. It’s evident that they intend to phase out MT4 completely to make way for MT5.

Is MetaTrader 4 still available?

Yes, MetaTrader 4 still available for both Forex Brokers & Traders. Resellers & Forex Technology companies that own MT4 Server License can still sell MT4 White Label Licenses. It’s just that they can scale up up-to the limit of existing Servers as MetaQuotes is not giving any additional servers even to existing license holders.

Is MetaTrader only for Forex?

No, MetaTrader 4 and MetaTrader5 are not only used for Forex Trading but for exchange traded securities as well like Stocks, CFDs, and Futures etc. Off late, crypto currencies like Bitcoin, Ethereum, Ripple etc. have got great popularity among the trading and investment community. Both MT4 & MT5 Trading Platforms developed by MetaTrader are accommodating to Crypto currencies as well. Many MT4 & MT5 White Label Brokers are offering crypto currency pairs for trading as well.

Can I use MT4 account in MT5?

No, MT4 & MT5 are not inter-operable so a user cannot use his/her MT4 account to access MT5 and vice versa. If your Forex Broker offers both MT4 & MT5 Trading Platform, you may open separate accounts for MT4 & MT5 but that won’t give you access to funds, trades and other features of the other account.

Can you trade stocks on MetaTrader?

Yes, you can trade stocks on MetaTrader! MT5 White Label & Trading Platform was developed keeping Stocks & CFD Trading in mind. Most of the Forex Brokers & Traders ask this question because they understand Forex Trading is decentralized unlike Stocks & CFDs which are centrally traded at specific Stock Exchanges like NASDAQ, NYSE, Nikkie, NSE etc.

Stocks & CFDs are altogether different class of securities and order matching and settlement could be different. But we need to understand that MetaTrader5 is a trading platform which facilitates listing of securities which needs to be fed with live quotes and connected to a network of counterparty who could take the opposite side of trade.

You need to do it for Forex and you can do it for Stocks & CFDs as well. If you can connect the Terminal with authorized Stock Brokers or third party, you can use trade stocks on MetaTrader5 as well.   

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