Does FBS Use MT4: A Comprehensive Guide

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Forex traders always look for reliable and trusted trading platforms. There are many online forex trading platforms, including MT4, MT5, cTrader, and others. These platforms provide access to forex markets. Most forex brokers use MT4 as their default trading platform. So, if you are considering using FBS as your broker, you may be wondering if it works with MT4.

FBS is one of the popular forex brokers, offering forex, CFD, and Crypto CFD trading. In this article, we will discuss the compatibility of FBS with MT4. We will also explore alternative trading platforms, pros and cons, MT4 account creation, and more

Does FBS Support MT4?

Yes, FBS supports MT4 as its trading platform. MT4 is one of the most popular trading platforms in the world. It is known for its user-friendly interface, advanced charting tools, and automated trading capabilities. Traders can access the MT4 platform on FBS through various devices, including desktop computers, web browsers, and mobile devices

What Other Trading Platforms Does FBS Support ?

FBS supports several other trading platforms. They include:   

MT5

Released in 2010, MT5 is a multi-asset trading platform developed by Metaquotes, the same company that developed MT4 in 2005. MT5 is the upgraded version of MT4. It offers more time frames on charts, with 21 compared to MT4’s 9. MT5 also offers a built-in economic calendar and partial order fill policy. Additionally, MT5 allows depth of the market (DOB). The programmatic language of MT5 is MQL5. However, it is not as popular or user-friendly as MT4 yet

WebTrader

WebTrader typically refers to an online trading platform accessible through a web browser. It allows traders to execute trades, analyze markets, and manage their portfolios directly from a web-based interface, without the need to download or install any software. WebTrader platforms often offer a range of features, including real-time market data, charting tools, technical indicators, order management capabilities, and account monitoring functionalities. They are popular among traders for their convenience, accessibility, and flexibility, as they can be accessed from any internet-connected device without requiring additional software installations

FBS Trader

Why Choose Meta Trader 4 On FBS? / Features of FBS MT4

Reliability:

FBS is a licensed and regulated broker, which means they adhere to strict financial and operational standards. This provides traders with a level of trust and confidence that their funds are secure and that they are trading with a reputable platform.

Global Presence:

With over 150 countries of presence, FBS offers its services to traders around the world. This broad reach allows traders from diverse backgrounds and regions to access their services and markets.

Customer Support:

FBS is known for its 24/7 customer support in multiple languages. This is a crucial feature, as the forex market operates 24 hours a day during the trading week. Having access to support at any time is invaluable for addressing issues or getting assistance with your trading.

Awards:

FBS has received more than 90 prestigious awards. These awards are a testament to their commitment to excellence and their efforts to provide traders with a top-notch trading experience.

Award-Winning Trading Apps:

In addition to the desktop version of MT4, FBS offers mobile trading apps that have received awards. These apps allow traders to monitor and manage their trades on the go, which is essential in today’s fast-paced trading environment.

High Leverage:

FBS offers leverage of up to 1:3000. Leverage allows traders to control a larger position size with a smaller amount of capital. While this can magnify profits, it also magnifies potential losses, so it’s crucial to use leverage responsibly and have a risk management strategy in place.

Instant Order Execution:

MT4 is renowned for its rapid order execution. This means that when you place an order, it is processed quickly and at the current market price, reducing the likelihood of slippage (a difference between the expected and actual order price).

Low Spreads:

FBS aims to offer low spreads. Spreads are the difference between the bid and ask price of a currency pair and represent the cost of trading. Lower spreads can reduce trading costs and potentially improve profitability, especially for high-frequency traders.

Advanced Fund Management:

MT4 offers advanced tools for managing your trading account. This includes setting stop-loss and take-profit orders to manage risk and lock in profits. It also provides detailed account statements and trade history for analysis.

Swap-Free Account:

FBS offers Islamic or swap-free accounts for traders who follow Islamic finance principles. These accounts do not accrue or pay interest, making them compliant with Shariah law.

How to create an MT4 Trading Account on FBS

Creating an account on FBS is easy and simple. Here are the steps : 

Step 1: Account Setup:

  • Create an Account: If you haven’t already, sign up for an account on FBS. Follow the registration process and provide the necessary information.
  • Account Verification: Complete the account verification process by submitting the required documents, ensuring compliance with regulatory standards.

Step: 2 Download and Install MT4:

  • Access FBS Website: Login to your FBS account through the official website.
  • Visit to MT4 Section: Locate the section related to MetaTrader 4 on the FBS website.
  • Download MT4 Platform: Download the MT4 platform from the provided link.
  • Install MT4: Follow the installation instructions to install the platform on your computer.

Step 3: Login to Your MT4 Account:

  • Launch MT4: Open the installed MT4 platform on your computer.
  • Login Credentials: Enter your FBS account credentials (username and password) provided during the account registration process.
  • Server Selection: Choose the appropriate FBS server from the list.

Step 4: Explore the MT4 Interface:

  • Market Watch: View available instruments and their real-time prices in the Market Watch window.
  • Charts: Open charts for different financial instruments. Customize chart settings, and timeframes, and add technical indicators.
  • Order Execution: Execute trades using the ‘New Order’ window. Specify trade parameters, such as volume, stop-loss, and take-profit levels.

Step 5: Use of Trading Tools:

  • Technical Analysis: Leverage the advanced charting tools for technical analysis. Add indicators, trendlines, and other analysis tools to enhance your decision-making.
  • Expert Advisors (EAs): Explore and use Expert Advisors for automated trading. Install EAs or create your own to automate trading strategies.

Step 6: Monitor and Manage Trades:

  • Trade Management: Monitor open positions, view account history, and manage trades using the ‘Trade’ and ‘Account History’ tabs.
  • Modify Orders: Adjust stop-loss and take-profit levels or modify existing orders directly from the platform.

Step 7. Mobile Trading (Optional):

  • Download Mobile App: If desired, download the MT4 mobile app on your smartphone or tablet.
  • Login to Your Account: Use your FBS account credentials to log in to the mobile app.
  • Trade on the Go: Manage your trades, monitor the market, and execute orders from your mobile device.

Step 8: Customer Support and Resources:

  • FBS Support: Reach out to FBS customer support for any platform-related queries or assistance.
  • Educational Resources: Explore educational materials and resources provided by FBS to enhance your trading knowledge.

The Pros and Cons of Using MT4

Pros
  • Free to Use 
  • User-Friendly Interface 
  • Real-time access to market prices
  • Widely Used for Traders 
  • Customizable Indicators 
  • Backtesting Capabilities 
  • Large Community and Support 
  • Allows Automated Trading 
  • Multiple Servers 
  • Low System Requirements 
  • Multi-Language Availability 
  • Support Mobile, PC, and other Devices 
  • Support Multi assets including Forex, CFD, Crypto CFD, Indices, and Commodities.
Cons
  • Limited Number of assets 
  • Lack of Build-In News Feed 
  • No Economic Calendar:
  • No Depth of Market
  • Older Architecture
  • Lack of Advanced order type  ( 4 Pending order while MT5 has 6 ) 
  • Mono-threaded platform with 32-bit operating system
  • Limited Timeframe on charts (9 Timeframe while MT5 has 21 time frame)

Frequently Asked Questions (FAQs)

What is FBS?

Founded in 2009.  FBS is a regulated forex broker. It allows restriction-free trading facilities to traders worldwide. FBS offers Forex ,  Stock ,Indices , Crypto , Metals , Energies , Forex Exotic trading with up to 1:3000 leverage. It claims itself as a true ECN forex broker.  

What is MT4?

Metatraders 4 (MT4)  is a widely used electronic trading platform for forex and other financial instruments. It offers a user-friendly interface, advanced charting tools, and support for automated trading through Expert Advisors (EAs). Traders can execute trades, conduct technical analysis, and implement automated strategies on the MT4 platform.

Does FBS offer an MT4 Demo Account for Free?

Yes, FBS provides a free MT4 Demo Account. This allows users to practice and familiarize themselves with the features of the platform without risking real money. It’s an excellent way for beginners to learn and for experienced traders to test new strategies.

What is the timezone of FBS MT4?

The server time for FBS is GMT+2 or GMT+3 depending on the time of year. During the winter months, the server time is GMT+2, while during the summer months, it is GMT+3. 

Can I Use EA with FBS MT4?

Yes, traders on FBS can use Expert Advisors (EAs) with the MT4 platform. EAs enable automated trading by executing predefined trading strategies, making it convenient for traders who wish to implement algorithmic approaches.

What is the Minimum Amount I Can Deposit for FBS?

The minimum deposit for FBS is as low as $$5. This low entry requirement makes it accessible for traders with low levels of capital.

Is FBS MT4 Available for MAC Users?

Yes, FBS MT4 is available for MAC users. Traders using MAC computers can easily download and install the MT4 platform to access the full suite of trading features.

Is FBS MT4 Available on Android Devices?

Yes, FBS MT4 is available on Android devices. Traders can download the mobile app from the Google Play Store and enjoy the convenience of trading on the go.

Does FBS Offer Mobile Trading on MT4 Platforms?

Yes, FBS offers mobile trading on MT4 platforms. Whether on Android or iOS devices, traders can use the MT4 mobile app to manage their trades, monitor the market, and execute orders from anywhere.

What Instruments Can I Trade on FBS MT4?

On FBS MT4, traders have access to a diverse range of instruments, including Forex ,  Stock ,Indices , Crypto , Metals , Energies , Forex Exotic. This allows for a comprehensive trading experience across various financial markets.

Does FBS Use MT5 Trading Platform?

Yes, FBS uses the MT5 platform. MT5 is the upgraded version of MT4. Both MT4 and MT5 are developed by Metaquotes

Where is the Headquarters of FBS Located?

The headquarters of FBS is located in Belize city, Belize.

What are the Account Types in FBS?

FBS offers 3 types of accounts: Standard, Cent, Pro

Final Thoughts:

FBS uses MT4 as its trading platform. It also uses other platforms like MT5, WebTrader, FBS Trader and more.

MT4 is one of the most popular and widely used trading platforms in the forex work. It is known for its user-friendly interface and advanced tools. It facilitates online trading in various financial markets, offering features like chart analysis, automated trading through Expert Advisors, and accessibility across multiple devices
Disclaimer : Trading forex and CFDs comes with the risk of losing your trading capital.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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