Does XChief 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 XChief as your broker,  you might be wondering if the broker supports this trading platform. 

The answer is ‘Yes’ XChief supports the MT4 trading platform. In this article, we will discuss more about XChief MT4, explore the advantages and disadvantages of using MT4 with XChief, 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 XChief MT4 and its uses. 

Does XChief Support MT4?

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

What Other Trading Platforms Does XChief Support?

XChief 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 XChief

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

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:

XChief 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, XChief 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 XChief

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

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

Pros and Cons of XChief for US Trader

Pros :

• No Minimum Deposit – You can start trading from as low as $1
• Allow Crypto CFD Trading 
• Demo Accounts are Available 
• The Maximum leverage is as high as 1:1000
• Allow Scalping, EA Trading, and News Trading 
• xChief Accepts Crypto Deposits
• Offers MT4, MT5, Mobile trader, and Webrader trading platform
• Bank Transfer, Crypto Deposits, Binance Pay etc 

Cons:

• Offshore Broker with very limited information
• Limited Deposit and Withdrawal Option 
• Unregulated Forex broker  

Frequently Asked Questions (FAQs)

What is XChief?

Founded in 2020, xChief is an online forex and CFD broker. It is an offshore forex broker that offers Forex, Metals, Commodities, Indices CFDs, Crypto CFDs, and Stock CFDs, for your personal investment and trading options. The broker allows all trading styles including scalping, hedging, news trading, etc. The broker also offers passive investment programmes like PAMM, MAM. The maximum leverage of xChief 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 XChief offer an MT4 Demo Account for Free?

Yes, XChief 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 XChief MT4?

The server time for XChief 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 XChief MT4?

Yes, traders on XChief 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 XChief?

The minimum deposit for XChief is $0. 

Is XChief MT4 Available for MAC Users?

Yes, XChief 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 XChief MT4 Available on Android Devices?

Yes, XChief 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 XChief Offer Mobile Trading on MT4 Platforms?

Yes, XChief 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 XChief MT4?

A trader can trade Forex, Metals, Commodities, Indices, CFDs, Stock CFDs on XChief. This allows for a comprehensive trading experience across various financial markets.

Does XChief Use MT5 Trading Platform?

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

Where is XChief Located?

The headquarters of XChief is located in Fomboni, Comoros

What are the Account Types in XChief?

XChief offers 4 types of accounts: Cent, Classic+, DirectFX, xPRIME

Final Thoughts:

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

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

XChief’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