Does MidasFX Support MT4 as of 2024?

Forex brokers are fintech firms that allow traders access to the forex market. There are many trading platforms for forex trading including MT4, MT5, Ctrader, and so on. MT4 is one of the most popular and widely used trading platforms in the world. If you consider using MidasFX as your broker,  you might be wondering if the broker supports this trading platform. 

The answer is ‘Yes’ MidasFX supports the MT4 trading platform. In this article, we will discuss more about MidasFX MT4, explore the advantages and disadvantages of using MT4 with MidasFX, and provide a step-by-step guide on how to create an account and start trading. Whether you are a beginner or an experienced trader, this article will help to learn more about MidasFX MT4 and its uses. 

Does MidasFX Support MT4?

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

What Other Trading Platforms Does MidasFX Support?

MidasFX offers the MT5 Trading Platform along with MT4. A trader can use the mt4 and mt5 platforms with desktop, laptop, mobile, and MAC, devices. 

Why Choose Metatrader 4 on MidasFX

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

Easy 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:

MidasFX 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, MidasFX 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 MidasFX

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

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

Pros and Cons of MidasFX for US Trader

Pros :

• No Minimum Deposit- You may deposit as low as $1
• Allow Crypto CFD Trading 
• Demo Accounts are Available 
• Higher Leverage for US, and EU clients. Maximum leverage is as high as 1:1000
• Allow Scalping, EA Trading, and News Trading 
• MidasFX Accepts Crypto Deposits

Cons:

• Unregulated offshore forex broker
• Limited Deposit and Withdrawal Option 
• No Managed Account Options

Frequently Asked Questions (FAQs)

What is MidasFX?

Founded in 2020, MidasFX is an online forex and CFD broker. It is an offshore forex broker that offers 100+ trading instruments including forex, metals, energies, stock indices, and cryptocurrencies to traders worldwide. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of MidasFX is as high as 1:1000. 

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 MidasFX offer an MT4 Demo Account for Free?

Yes, MidasFX 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 MidasFX MT4?

The server time for MidasFX 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 MidasFX MT4?

Yes, traders on MidasFX 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 MidasFX?

The minimum deposit for MidasFX is $1. 

Is MidasFX MT4 Available for MAC Users?

Yes, MidasFX 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 MidasFX MT4 Available on Android Devices?

Yes, MidasFX 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 MidasFX Offer Mobile Trading on MT4 Platforms?

Yes, MidasFX 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 MidasFX MT4?

A trader can trade forex, metals, energies, cryptos, and indices on MidasFX. This allows for a comprehensive trading experience across various financial markets.

Does MidasFX Use MT5 Trading Platform?

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

Where is MidasFX Located?

The headquarters of MidasFX is located on the Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia

What are the Account Types in MidasFX?

MidasFX offers 2 types of accounts: ECN Account, STD account

Final Thoughts:

MidasFX offers MT4 as its trading platform. This platform is known for its user-friendly interface, advanced charting capabilities, and customizable indicators.

MidasFX also has MT5 trading platforms. So traders can choose MT4 or MT5 trading platforms as their sweet will. 

MidasFX’s offering of MT4, along with MT5 and competitive pricing, make it a strong contender in the offshore forex broker industry.

Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital. Furthermore, trading with unregulated brokers like Nash Markets  puts your funds at higher risks