FXCM MT4 – MetaTrader 4
In this article
Utilising the FXCM MT4 trading platform is a golden opportunity for traders to experience a brilliant trading journey as beginners.
On the FXCM MT4 trading platform, you will find various charts, indicators, and the fastest execution speed, all in one package. In addition, MetaTrader 4’s have a huge reputation and reliability, making it a great choice for beginners and advanced traders.
Why do forex & CFD traders choose the FXCM MT4 platform?
- Have no trading restrictions
- Scalping strategies are available
- Available with Virtual Private Server (VPS) and EAs ( Expert Advisors)
Important features of the FXCM MT4 platform
A trader can set SL/TP pre-execution. SL is a stop loss, and TP is a take-profit. You have to take the orders when opening a new trade. You can also trade with extra precise lot sizes for tighter risk management.
In addition, the FXCM MT4 platform gives a trader choice to partially liquidate the positions.
How does the FXCM MT4 platform make trading a smooth experience?
FXCM MT4 platform has robust functionality for active trading with advanced market analytics. In addition, this software package is included with unique order options with the latest tools for technical analysis.
Trade automation and custom indicators are also part of this trading platform. Through the implementation and development of cutting-edge technologies, FXCM MT4 provides a suite of the latest features for an outstanding trading experience.
What is the main purpose of Expert Advisor (EA) in FXCM MT4?
Expert Advisor (EA) is an important app of FXCM MT4 with which a trader can automate the entire or the part of their trading strategy. To initiate the trading, the end-user has to “turn on” the EA.
To end the trading, the end-user has to “turn off” the EA. Through EA, an entire trading strategy is implemented. This includes when to sell, when to buy, where to set stop loss, where to take profit, and so on.
The entire functioning of EA is just a one-click system. You can make it simple by simply entering into a new trade and closing the existing trade.
No matter how complex an EA is, all Expert Advisors automate various trading functions. This is a big benefit for all new traders on the FXCM MT4 platform.
In short, with MT4 EA, a trader can follow a more objective trading strategy and can remove any emotional aspect of trading.
Script: A function to close trades in FXCM MT4
The script is another major function in the FXCM MT4 trading platform for automating all your trading functions. For example, with the help of a script, a trader can easily close all open positions simultaneously.
It is to be mentioned that scripts are user-dependent. This means that any trading function which a script performs has to be initiated by the end-user.
The script is completely different from EA in terms of functioning and trading. Unlike EA, the script never performs its trading decisions based on coding strategy.
For instance, if the end-user wants to close all their trade in an account, they must run a script. But this decision to close all open trading positions is made through the end-user and not the script.
How to install FXCM MT4?
- Click the download option at the bottom left-hand corner of the broker page.
- Right-click or double-click on the “MT4Install.EXE” for opening the installation wizard.
- Follow the instructions carefully for a successful installation
Tutorial on how to uninstall FXCM MT4
- Click the “start” option and then click “control panel.”
- Choose “Add or Remove Programs” or either “Uninstall a Program.”
- Right-click on the “FXCM MetaTrader 4.”
- Confirm the uninstallation action and click “yes.”
- Click the option “finish.”
Information about different account types on FXCM MT4
To open an account with the FXCM MT4 trading platform, a trader has to choose from four options which are:
- Standard account
- Active Trader individual account
- Joint account
- Corporate account
An active trader account is great for active traders in which it has competitive spreads compared to the individual standard trading account. For example, in the EUR/USD currency pair, a typical spread is around 0.2 pips.
Does FXCM MT4 offer a demo account?
FXCM MT4 trading platform is available with both demo and live trading accounts. For the new traders, availing of a demo account at the initial stage is the best option.
A demo account is an excellent opportunity for new traders to enhance their trading skills and move into a risk-free trading environment using virtual funds.
The signup process of the demo account is extremely easy and can be done in just a matter of a few seconds. The validity of the MT4 demo account is just 30 days, after which it has expired.
Once you are ready to step into a real trading environment, you can create a live trading account.
How can traders perform funding in FXCM MT4?
For secure and fast payments, FXCM supports a variety of funding options. In addition, traders can utilise the client-service portal through live trading account credentials.
Within 0 deposit feed, a trader can withdraw and deposit funds through different methods such as credit card/debit card, Skrill, Klarna, Neteller, Bank wire transfer, etc.
Funds that are deposited through credit cards and debit cards are processed in just 24 hours. But the bank wire transfer method takes almost 2 business days.
Is FXCM MT4 a safe trading platform?
FXCM MT4 platform is completely safe and is a tried and tested trading platform by expert traders. Moreover, it is compatible with tablets and android for user convenience.
Plus, MT4 also provides programmable alerts with which a user can stay updated with the latest market conditions. In addition, FXCM MT4 offers customer support in 38 different languages.
No doubt, FXCM is a global player and has a renowned name in the Forex market worldwide. Tight spreads, low minimum deposit, and easy withdrawal/funding methods have made this platform the most recommended.
Make your trading journey a successful experience by creating an account on the FXCM MT4 platform right now!
Jason Morgan is an experienced forex analyst and writer with a deep understanding of the financial markets. With over 13+ years of industry experience, he has honed his skills in analyzing and forecasting currency movements, providing valuable insights to traders and investors.
Forex Content Writer | Market Analyst