Does Think Markets Support MT4 as of 2024?

Forex traders always wish to trade on 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 ThinkMarkets as your broker, you may be wondering if it works with MT4.

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

Does ThinkMarkets Support MT4?

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

What other Trading Platforms does ThinkMarkets Support?

ThinkMarkets supports several other trading platforms. They include:    

MetaTrader 5

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

ThinkTrader

ThinkTrader is a software and information service provider serving the financial industry. As a web trading platform, ThinkTrader brings the financial markets directly to traders’ web browsers. With its intuitive interface and comprehensive features, ThinkTrader offers real-time market data, advanced charting tools, and seamless order execution capabilities. Traders can analyze market trends, place trades, and manage their portfolios conveniently through any internet-connected device. Designed to cater to the needs of both novice and experienced traders, ThinkTrader provides a user-friendly trading experience. Additionally, the platform often includes educational resources and market analysis to empower traders in making informed trading decisions. As a versatile and accessible web trading solution, ThinkTrader is ideal for traders seeking convenience and flexibility in their trading activities.

ThinkCopy

ThinkCopy is ThinkMarket’s copy trading platform which allows users to replicate the trading strategies of successful traders automatically. With ThinkCopy, traders can select from a wide pool of experienced investors and set auto-copy orders to mirror their trades in real time. This platform simplifies trading by eliminating the need for manual execution which makes it easier for users to benefit from the expertise of seasoned investors. 

Why Choose Metatrader 4 on ThinkMarkets

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

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:

ThinkMarkets 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, ThinkMarkets 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 ThinkMarkets

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

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

The Pros and Cons of Using MT4

Frequently Asked Questions (FAQs)

What is ThinkMarkets?

Founded in 2010.  ThinkMarkets is a regulated forex broker. It allows restriction-free trading facilities to traders worldwide. ThinkMarkets offers Forex, Stock Indices, Commodities, Bonds, Cryptocurrencies, and Stocks 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 ThinkMarkets offer an MT4 Demo Account for Free?

Yes, ThinkMarkets 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 ThinkMarkets MT4?

The server time for ThinkMarkets 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 ThinkMarkets MT4?

Yes, traders on ThinkMarkets 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 ThinkMarkets?

The minimum deposit for ThinkMarkets is as low as $0 (Standard Account), $500 (ThinkZero account). This low entry requirement makes it accessible for traders with low levels of capital.

Is ThinkMarkets MT4 Available for MAC Users?

Yes, ThinkMarkets 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 ThinkMarkets MT4 Available on Android Devices?

Yes, ThinkMarkets 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 ThinkMarkets Offer Mobile Trading on MT4 Platforms?

Yes, ThinkMarkets 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 ThinkMarkets MT4?

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

Does ThinkMarkets Use MT5 Trading Platform?

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

Where is the Headquarters of ThinkMarkets Located?

The headquarters of ThinkMarkets is located in London, England

What are the Account Types in ThinkMarkets?

ThinkMarkets offers 4 types of accounts  such as Demo,Standard Account, Think Zero, Mini Account

Final Thoughts:

ThinkMarkets uses MT4 as its trading platform. It also uses other platforms like MT5, ThinkTrader, ThinkCopy 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.