Does IC Markets Support MT4 for 2024 ?

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IC Markets is a popular online forex broker that offers a range of trading platforms to its clients. One of the most widely used platforms is the MetaTrader 4 (MT4) platform, which is known for its user-friendly interface and advanced trading tools. So, does IC Markets use MT4? The answer is yes, IC Markets does offer the MT4 platform to its clients.

MT4 is a popular trading platform that has been around for over a decade. It is known for its advanced charting capabilities, automated trading features, and customizable interface. IC Markets recognizes the popularity of the platform and offers it to its clients alongside other trading platforms such as cTrader and MetaTrader 5.

Using the MT4 platform on IC Markets allows traders to access a wide range of markets, including forex, commodities, and indices. The platform also supports a variety of order types, including stop-loss and take-profit orders, and allows traders to use expert advisors (EAs) to automate their trading strategies. With the MT4 platform, IC Markets clients can access a range of tools and features to help them make informed trading decisions.

Key Takeaways

  • IC Markets offers the popular MT4 trading platform to its clients.
  • Traders can access a wide range of markets and tools on the MT4 platform.
  • The MT4 platform on IC Markets supports a variety of order types and allows traders to automate their trading strategies with EAs.

Does IC Markets Support MT4?

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

What Other Trading Platforms Does IC Markets Support ?

IC Markets 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 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

cTrader

Launched in 2011, cTrader is a trading platform developed by Spotware Systems. It offers advanced trading capabilities for forex and CFD trading. It is renowned for its intuitive interface, extensive charting tools, and efficient order execution. cTrader provides access to a wide range of financial instruments and offers features such as one-click trading, advanced order types, and customizable charting tools. It also includes built-in technical indicators and allows for algorithmic trading through its cAlgo platform. While not as widely used as MT4 or  MT5, cTrader has emerged as a competitor of Metatrader.

Trading Central

Founded by Alain-Pellier and Romain Gandon in 1999, Trading Central is a leading provider of technical analysis and investment research solutions for financial markets. Trading Central offers actionable insights and trading signals to individual traders, financial institutions, and brokerage firms worldwide. The company’s proprietary algorithms analyze various asset classes, including stocks, forex, commodities, and indices, to identify potential trading opportunities. Trading Central’s research covers a wide range of timeframes and includes detailed chart analysis, key support and resistance levels, and trend indicators. With its user-friendly interface and comprehensive analysis, Trading Central helps traders in technical, Fundamental and news research.  

Why Choose Metatrader 4 on IC Markets

Here are some reasons why traders might choose this Metatrader 4 on IC Markets

Easy and Simple Interface:

MT4 provides a user-friendly interface that makes it accessible for both novice and experienced traders. The platform’s layout is designed for easy navigation and quick access to essential trading tools, and charts.

Advanced Charting Tools:

MT4 is renowned for its advanced charting capabilities. Traders can conduct in-depth technical analysis using a variety of chart types, timeframes, and technical indicators. This helps in making better trading decisions.

Automated Trading:

 MT4 supports automated trading through Expert Advisors (EAs) which allow users to implement automated trading strategies. Traders can create or purchase EAs to execute trades based on predefined criteria, even when they are away from the computer.

Wide Range of tradable assets:

IC Markets on MT4 offers a wide range of financial instruments, including currency pairs, commodities, indices, and cryptocurrencies. This enables traders to diversify their portfolios and explore various markets.

Security and Trust:

MetaTrader 4 is known for its robust security features which provide a secure environment for online trading. Additionally, IC Markets is expected to uphold high standards of security and reliability to ensure a safe trading experience.

Mobile Trading:

 MT4 is available on mobile devices, allowing traders to monitor and manage their trades on the go. The mobile app provides essential features, enabling traders to stay connected to the markets at all times

How to create an MT4 Trading Account on IC Markets

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

  • IC Markets Support: Reach out to IC Markets customer support for any platform-related queries or assistance.
  • Educational Resources: Explore educational materials and resources provided by IC Markets 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 IC Markets?

Founded in 2009. IC Markets is a regulated forex broker. It allows restriction-free trading facilities to traders worldwide. IC Markets offers Forex , Commodities, Stock ,Indices , Crypto , Turbo Stocks, Equity, indices , Precious Metals , Energies trading with up to 1:1000 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 IC Markets offer an MT4 Demo Account for Free?

Yes, IC Markets 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 IC Markets MT4?

The server time for IC Markets 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 IC Markets MT4?

Yes, traders on IC Markets 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 IC Markets?

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

Is IC Markets MT4 Available for MAC Users?

Yes, IC Markets 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 IC Markets MT4 Available on Android Devices?

Yes, IC Markets 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 IC Markets Offer Mobile Trading on MT4 Platforms?

Yes, IC Markets 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 IC Markets MT4?

On IC Markets MT4, traders have access to a diverse range of instruments, including Forex, Commodities, Stock ,Indices, Crypto, Turbo Stocks, Equity indices , Precious Metals , Energies. This allows for a comprehensive trading experience across various financial markets.

Do IC Markets Use MT5 Trading Platform?

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

Where is the Headquarters of IC Markets Located?

The headquarters of IC Markets is located in Limassol, Cyprus.

What are the Account Types in IC Markets?

IC Markets offers 4 types of accounts: Standard, Raw spread MetaTrader, Raw Spread CTrader (TradingView),  Islamic Account. 

Final Thoughts:

IC Markets offers MetaTrader 4 as one of its trading platforms. This platform is widely used in the forex industry and has a reputation for being reliable and user-friendly. IC Markets also offers the MetaTrader 5 platform, which has more advanced features but may be less familiar to some traders.

IC Markets is a reputable forex broker that provides a range of trading platforms to suit different needs. Whether a trader prefers the simplicity of MT4 or the advanced features of MT5, IC Markets has an option that can meet their needs.

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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