Our experts have done hard work to provide you with a detailed review of the MetaTrader platform brought by the famous IC Markets brokerage firm. While the range of trading terminals of this company includes more platforms, Metatrader 4 remains one of the leading ones, providing traders with multiple features and perks that may be useful in everyday trading routines.
MT4 User Interface
The first thing our experts focused on was the user interface of the trading platform. It looks to be friendly to all user categories, including those having modest PC user experience. You can easily browse all features and start trading by placing all types of orders. Moreover, IC Markets offers a detailed review of the platform with some useful lessons on how to get started with it.
While Metatrader is not the brainchild of IC Markets, you will find some differences as compared to other MT4 variations brought by other Forex brokers. First and foremost, IC Markets offers a broad range of trading assets, which includes Forex currency pairs, indices, commodities, stocks, bonds, cryptocurrencies, etc. All trading instruments except fiat currency pairs like EUR/USD, etc., can be traded via CFDs only.
Diving deeper into details, it is to mention that you can trade the following trading instruments there:
1. 61 currency pair.
2. 25 indices from the most popular stock markets.
3. 22 commodities.
4. 730+ stocks.
5. 11 bonds.
6. 10+ cryptocurrencies.
7. 7 futures contracts.
IC Markets MT4 is famous for the range of analysis tools that you can find inside the platform. They are enough to create any type of trading strategy based on technical analysis. You will find 50+ trading indicators from the most popular categories, including trend following, oscillator, and volume indicators.
Metatrader is home to all classic math indicators like Moving Averages, MACD, Stochastic, RSI, Bollinger Bands, and others. Those analysis tools are equipped with flexible settings, allowing you to quickly set them up according to your trading strategy requirements.
Additionally to the pre-set indicators, you can easily upload your own technical analysis tools of this type by integrating them into the platform. Thus, you can create an indicator on your own using the MQL4 programming language or buy one on various marketplaces and start using it almost right away.
Apart from math indicators, Metatrader 4 by IC Markets offers a plethora of graphic analysis tools. The list of those market forecasting instruments includes trend lines, horizontal support and resistance levels, various geometric shapes to help you find trading patterns, as well as complex graphic indicators like Fibonacci, Gartley, etc.
When it comes to graphic types, you can choose between the line, bars, and candlestick chart types. By combining them with other graphic tools, you can create even more trading strategies and tactics.
MT 4 by IC Markets is known for its additional features that include strategy tester, trading advisors, access to the global marketplace, and many other useful perks. If you want to automate your trading routine, you can easily do it by integrating any MQL4-based EA to Metatrader 4 platform. You can also test this robot on the platform premises before letting it trade for real cash.
There are also some key features related to fundamental analysis. Metatrader offers a newswire, from where you can learn about the latest events that may have a significant impact on price fluctuations.
Metatrader 4 Variations
IC Markets Metatrader 4 platform is downloadable, meaning to install it, you need to download the platform from the broker’s website and unpack it to your desktop device. However, this is not the only way to trade using the MT4 platform. What makes Metatrader 4 even more popular among traders is that this platform is available in several versions including a web one and mobile terminals for iOS and Android.
A web platform requires no installation as you can launch it directly in your favourite browser (whatever browser you use) via a link that you can get on the IC Markets official website. It has a limited set of features as compared to the desktop Metatrader 4 platform. However, if you don’t care about uploading your indicators or using EAs, the browser version is an excellent solution.
The mobile platforms are iOS and Android-compatible. You can download them from Google Play and App Store (to do that, you can use links from the broker’s website).
Our Experts’ Verdict
Metatrader 4 by IC Markets is a fully functional trading platform, allowing you to easily place orders and conduct deep technical market research. MT4 is one of those advanced trading platforms, providing traders with an opportunity to create their own math indicators and expert advisors.
Our experts mention that this trading terminal is suitable for all categories of market participants including those starting their trading career. Even if you are new to trading, you can have an unlimited tour across this software by using a demo mode.