Does FXTM Use MT4: A Comprehensive Look at FXTM’s Trading Platform

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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 FXTM as your broker, you may be wondering if it works with MT4.

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

Does FXTM Support MT4?

Yes, FXTM 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 FXTM through various devices, including desktop computers, web browsers, and mobile devices

What Other Trading Platforms Does FXTM Support ?

FXTM supports several other trading platforms. They include:  


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 timeframes 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

Web trader :

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

Why Choose Meta Trader 4 On FXTM?

Raw Pricing Connectivity:

Raw pricing connectivity means that FP Markets provides direct access to pricing from the financial markets without any interference or manipulation. This is important because it ensures that you receive pricing data that is unaltered, allowing you to make trading decisions based on the most accurate market information available. This can be particularly valuable for traders who want full transparency in their pricing data.

Fast Order Execution:

Fast order execution is essential in trading, especially for strategies that rely on entering and exiting the market quickly. FP Markets on MT4 is designed to execute your orders promptly, reducing the risk of slippage. Slippage occurs when your trade is executed at a different price than expected, and fast execution helps minimize this risk.

No Restrictions on Trading:

FP Markets on MT4 offers a trading environment without restrictions. This means that you have the freedom to use a wide range of trading strategies. Whether you are a day trader, a swing trader, a scalper, or you employ algorithmic trading techniques, you can execute your strategies without limitations imposed by the platform.

Level II Pricing – Market Depth:

Level II pricing, also known as market depth, provides a detailed view of the buy and sell orders in the market. It allows you to see not just the current bid and ask prices but also the order book’s depth. This information can help you gauge market liquidity and make more informed decisions, as you can identify potential support and resistance levels.

Up to 1:2000 Leverage:

Leverage is a tool that allows you to control larger positions with a smaller amount of capital. FP Markets on MT4 offers leverage of up to 1:2000, which can be advantageous if used wisely. However, it’s important to remember that while high leverage can amplify potential profits, it also increases the risk of significant losses. Traders should exercise caution and have a clear risk management strategy when using high leverage.

Low Latency Trading:

Low latency is crucial for traders who rely on speed for their strategies. It refers to the minimal delay between placing a trade and its execution. FP Markets strives to provide low-latency trading to ensure that your orders are executed quickly, making it suitable for high-frequency trading, arbitrage strategies, and algorithmic trading.

Spreads from 0.0 Pips:

Spreads are the difference between the bid and ask prices in a trade. FP Markets offers competitive spreads starting from as low as 0.0 pips. Tight spreads reduce your trading costs, making it more cost-effective for you to enter and exit the market. This can be especially beneficial for day traders and scalpers, for whom lower trading costs are crucial. 

How to create an MT4 Trading Account on FXTM

Creating an account on FXTM 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 FXTM. 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 FXTM Website: Login to your FXTM account through the official website.
  • Visit to MT4 Section: Locate the section related to MetaTrader 4 on the FXTM 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 FXTM account credentials (username and password) provided during the account registration process.
  • Server Selection: Choose the appropriate FXTM 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 FXTM 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:

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

The Pros and Cons of Using MT4

  • 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.
  • 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 FXTM?

Founded in 2011.  FXTM is a regulated forex broker. It allows restriction-free trading facilities to traders worldwide. FXTM offers Currencies, Stocks, Indices and Commodities trading with up to 2000:1 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 FXTM offer an MT4 Demo Account for Free?

Yes, FXTM 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 FXTM MT4?

The server time for FXTM 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 FXTM MT4?

Yes, traders on FXTM 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 FXTM?

The minimum deposit for FXTM is as low as $10. This low entry requirement makes it accessible for traders with low levels of capital.

Is FXTM MT4 Available for MAC Users?

Yes, FXTM 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 FXTM MT4 Available on Android Devices?

Yes, FXTM 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 FXTM Offer Mobile Trading on MT4 Platforms?

Yes, FXTM 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 FXTM MT4?

On FXTM MT4, traders have access to a diverse range of instruments, including Currencies, Stocks, Indices and Commodities. This allows for a comprehensive trading experience across various financial markets.

Does FXTM Use MT5 Trading Platform?

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

Where is the Headquarters of FXTM Located?

The headquarters of FXTM is located in Limassol, Cyprus.

What are the Account Types in FXTM?

FXTM offers 3 types of accounts: Micro, Advantage, Advantage Plus

Final Thoughts:

FXTM uses MT4 as its trading platform. It also uses other platforms like MT5, WebTrader 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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