Does IG markets Use MT4 as of 2024

Forex Traders always look for reliable and easy-to-use trading platforms. There are many online forex trading platforms including MT4, MT5, cTrader, and so on. These platforms give access to forex markets. Most of the forex brokers use MT4 as their default trading platform.  So, if you are considering using IG as your broker, you may be wondering if it works with MT4. 

IG is one of the popular forex  brokers. It offers forex, CFD, and Crypto CFD trading. In this blog post, we will discuss the compatibility of IG with MT4. We will also explore alternative trading platforms, pros and cons, MT4 account creation, and so on. 

Does IG work with MT4?

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

What other Trading Platforms does IG support ?

IG supports several other trading platforms. They include: 

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

MobileTrader (MobileApp)

Mobile trading platforms are applications designed for smartphones and tablets. These platforms  enable users to access financial markets and manage their trading activities on the go.They provide traders with real-time market data, charting tools, order execution capabilities, and account management features directly from their mobile devices. Mobile trading platforms offer convenience and flexibility, allowing traders to monitor markets and execute trades from anywhere with an internet connection. They are popular among traders who require access to the markets while away from their desktop computers, providing a seamless trading experience across different devices. IG Broker offers mobile trading platforms to its users and investors.

Why Choose Metatrader 4 on IG

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

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:

IG 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, IG 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 IG

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

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

The Pros and Cons of Using MT4

Frequently Asked Questions (FAQs)

What is IG?

Founded in1974.  IG is an regulated forex broker. It allows restriction-free trading facilities to traders worldwide. IG offers Indices, Forex ,Shares, Commodities ,Cryptocurrencies, Bond trading with up to 1:500 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 IG offer an MT4 Demo Account for Free?

Yes, IG 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 IG MT4?

The server time for IG 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 IG MT4?

Yes, traders on IG 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 IG?

The minimum deposit for IG is as low as $50. This low entry requirement makes it accessible for traders with varying levels of capital.

Is IG MT4 Available for MAC Users?

Yes, IG 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 IG MT4 Available on Android Devices?

Yes, IG 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 IG Offer Mobile Trading on MT4 Platforms?

Yes, IG 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 IG MT4?

On IG MT4, traders have access to a diverse range of instruments, iIndices, Forex ,Shares, Commodities ,Cryptocurrencies, Bond This allows for a comprehensive trading experience across various financial markets.

Does IG Use MT5 Trading Platform?

No, IG does not use the MT5 platform. It only uses MetaTrader 4 as its trading platform.

Where is the Headquarters of IG Located?

The headquarters of IG is located in London, UK . 

What are the Account Types in IG?

IG offers only 2 type of account: Standard account and DMA Account

Final Thoughts:

IG uses MT4 as its trading platform. It also uses other platforms like WebTrader, MobileTrader (MobileApp), ProRealTime and more

MT4 is one of the most popular and widely used trading platforms in 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

Trading forex and CFDs comes with the risk of losing your trading capital.