Does Moneta Markets Use MT4: Everything You Need to Know

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

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

Does Moneta Markets Support MT4?

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

What Other Trading Platforms Does Moneta Markets Support ?

Moneta 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

AppTrader :

ProTrader (by TradingView)

Founded in 2011 by Konstantin Ivanov (CTO), Denis Globa (CEO) and Stan Bokov (COO), TradingView is a cloud-based charting and social networking platform for traders and investors. It offers a wide range of tools and features for analyzing financial markets, including stocks, forex, cryptocurrencies, and more. Users can access real-time data, advanced charting tools, and technical indicators to conduct in-depth market analysis. TradingView allows users to create custom watchlists, set up alerts, and share trading ideas with the community through its social networking features. Additionally, it supports the development and sharing of custom indicators and trading strategies. TradingView is known for its intuitive interface, extensive charting capabilities, and active community of traders and investors 

Features of Moneta Markets MT4

Raw Pricing Connectivity:

One of the standout features of using MetaTrader 4 on Moneta Markets is the access to raw pricing data. Raw pricing means you can see the actual market quotes provided by liquidity providers without any broker intervention. This transparency is highly valuable for traders as it ensures that the prices you see are a true reflection of the interbank market. You can make more informed trading decisions as you have a clear view of the real market conditions. This feature is especially advantageous for traders who rely on accurate pricing to execute their strategies effectively.

Fast Order Execution:

MT4 is renowned for its exceptional order execution speed. In the financial markets, every second and even millisecond counts, especially in volatile conditions. When you place an order on MT4 with Moneta Markets, it’s executed swiftly and efficiently, reducing the risk of slippage. This is particularly crucial for day traders and scalpers who need to enter and exit positions rapidly, aiming to profit from short-term price movements.

No Restrictions on Trading:

Trading with MT4 on Moneta Markets often comes with a wide range of trading opportunities. There are typically no significant restrictions on what you can trade. You have the flexibility to engage in various asset classes, including major and exotic currency pairs, commodities, indices, and sometimes even cryptocurrencies. This versatility allows you to diversify your portfolio and adapt to different market conditions.

Level II Pricing – Market Depth:

Level II pricing, or market depth, is a feature within MT4 that provides a more comprehensive view of the market. It shows you the order book, displaying not just the current bid and ask prices but also the pending orders at different price levels. This data can be extremely helpful as it reveals the supply and demand dynamics in the market. Traders can use this information to identify potential support and resistance levels, helping in more precise trade entries and exits.

Low Latency Trading:

Low latency is crucial in trading, particularly for those who engage in high-frequency trading strategies. With low latency trading on MT4 through Moneta Markets, you can execute your orders with minimal delay. This means that your trades are less likely to be impacted by price changes during order execution. Reduced latency ensures that your trades are carried out at the price you intended, which is crucial for achieving consistent and profitable trading results.

Spreads from 0.0 Pips:

Competitive spreads are a significant cost consideration for traders. The term “spreads from 0.0 pips” means that Moneta Markets aims to offer some of the tightest spreads in the industry. A spread is the difference between the bid and ask prices, and a lower spread can result in reduced trading costs. This can significantly benefit day traders and scalpers who make frequent trades and look to capture small price movements.

How to create an MT4 Trading Account on Moneta Markets

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

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

The Pros and Cons of Using MT4

Frequently Asked Questions (FAQs)

What is Moneta Markets?

Founded in 2019.  Moneta Markets is a regulated forex broker. It allows restriction-free trading facilities to traders worldwide. Moneta Markets offers FOREX ,COMMODITIES,INDICES ,SHARE CFDs,ETFs,BONDS,TRADING HOURS,SPREADS AND COMMISSIONS 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 Moneta Markets offer an MT4 Demo Account for Free?

Yes, Moneta 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 Moneta Markets MT4?

The server time for Moneta 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 Moneta Markets MT4?

Yes, traders on Moneta 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 Moneta Markets?

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

Is Moneta Markets MT4 Available for MAC Users?

Yes, Moneta 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 Moneta Markets MT4 Available on Android Devices?

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

Yes, Moneta 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 Moneta Markets MT4?

On Moneta Markets MT4, traders have access to a diverse range of instruments, including FOREX ,COMMODITIES,INDICES ,SHARE CFDs,ETFs,BONDS,TRADING HOURS,SPREADS AND COMMISSIONS. This allows for a comprehensive trading experience across various financial markets.

Does Moneta Markets Use MT5 Trading Platform?

Yes, Moneta 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 Moneta Markets Located?

The headquarters of Moneta Markets is located in Johannesburg, 2193, South Africa.

What are the Account Types in Moneta Markets?

Moneta Markets offers 3 types of accounts: Direct, Prime, Ultra

Final Thoughts:

Moneta Markets uses MT4 as its trading platform. It also uses other platforms like MT5, AppTrader, ProTrader (by TradingView) 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.