Today we are pleased to inform you that Olymp Trade is expanding its offer. This new feature is trading on the MetaTrader 4 platform! It is really worth to consider opening a new account. This way, you can continue trading different financial derivatives and at the same time gain access to new instruments and a new form of trading on the MetaTrader platform.
Key Takeaways🔑
| →Olymp Trade expands its offering to include trading on the popular MetaTrader 4 platform. |
| →MetaTrader 4 provides an array of trading tools and indicators, allowing for enhanced market analysis. |
| →Practice and familiarize yourself with the MT4 interface through a demo account before live trading. |
Contents
What is MetaTrader?
MetaTrader 4 is the most famous and popular trading platform for retail traders. It is the world standard for foreign exchange trading. Now Olymp Trade joins this noble group and makes trading with the MetaTrader available to its users.
The history of the MetaTrader platform dates back to 2002 (!). MetaTrader 4 has been used by traders all over the world continuously since 2005. MetaTrader 4 is an application that provides all the necessary components for trading. It is worth mentioning that among them you will find:
- The charting module has been constantly improved over the years.
You can track multiple markets simultaneously. MetaTrader 4 allows you to observe multiple charts at once. Furthermore, you can conveniently open trades directly from the chart. - A great order handling system.
Opening a new position is very intuitive. You can use market orders, stop orders, and limit orders. - Built-in technical analysis tools.
MetaTrader 4 gives you the possibility to use several dozen built-in technical analysis indicators. The base of drawing tools is also very developed and rich. You will find here typical trend lines or horizontal levels, but also complex tools such as Andrews Pitchfork or Gann tools. MetaTrader is not only a built-in tool. There is a whole ecosystem of available indicators and plugins that can enhance the functionality of the platform. - MT4 platform scripting language.
MetaTrader allows you to create an additional tool in the MQL4 language. If you are a programmer, you can easily create your own indicators. Additionally, in MQL you can create automatic strategies that will trade for you. - MetaTrader 4 apps.
MT4 is available as a web platform, Android, iOS, and desktop application for Windows and macOS.
Great deal for MetaTrader 4 accounts at Olymp Trade
Olymp Trade has a very good offer for MetaTrader 4 accounts. By opening an account, you will get access to trade on 71 assets. A broker also gives you access to a large 400:1 leverage. The spread, which is the difference between the bid and offer price, starts at 0 pips for ECN accounts and 1.1pips for Standard accounts.
Of course, we cannot overlook the fact that we are dealing with a trusted broker. Olymp Trade is regulated by the Financial Commission.
Opening Olymp Trade MetaTrader 4 account
To take advantage of the benefits of the MT4 platform, register an Olymp Trade MetaTrader 4 account. After registration, you will gain access to a panel where you will create a real and a demo account.
The next step is to launch the platform. The first time you start it you need to enter your password. The access credentials will work for both the web platform and apps on any chosen device.
An excellent way is also to use the demo account. We recommend that you get acquainted with MetaTrader’s interface there.
Funding your account
Deposit methods are the same as for Olymp Trade accounts for trading derivatives. So there are several choices available such as Skrill, WebMoney, Neteller, AstroPay, and Visa or MasterCard deposit.
Pros and Cons👍👎
Pros:
- Combining Olymp Trade with MetaTrader 4 offers a more versatile trading experience.
- Access to more trading tools and indicators on the MT4 platform.
- Olymp Trade is a regulated broker, adding a level of trust and security.
Cons:
- MetaTrader 4 platform may be intimidating for beginners due to its multitude of features.
- Requires time and effort to learn and master the MT4 platform.
- Even with an advanced platform, trading risks still exist and must be understood.
Trading Platform Comparison
| Trading Platform | Unique Feature |
|---|---|
| Olymp Trade | Simplified interface, suitable for beginners. |
| MetaTrader 4 | Advanced trading tools and indicators, preferred by professionals. |
Summary
We are pleased that the Olymp Trade offer is growing. Until now, the broker has allowed for high-quality financial derivatives trading. Now, in addition to derivatives, we have access to trade through the great MT4 platform. Do you have experience with MT4? What do you think about the new opportunities at Olymp Trade? Share your thoughts in the comments section below!
UPDATE 2021: Olymp Trade + MT4 + Pro Dutch trader = All Markets Trading System
We are working on an exiting new partnership with a highly succesfull trader from the Netherlands. This guy has decades of experience as a currency trader and developed a trading system on MT4 with an almost unbelievable ITM (In the money ) win rate! I say ALMOST unbelievable. Because I have seen the results with my own eyes.
The most exciting part is that this fast trading tool is super easy to use. Even an absolute beginner with ZERO experience can use this tool to safely grow their balance. DISCLAIMER: You should understand that trading is NEVER without risk. But this system has a smart automated stop loss to protect your account at all times in case the market goes haywire.
We are still working on the page that explains all the details but I’m so excited about this that I want to give you guys a heads up. For more information sent us an email at info@olymptradewiki.com
FAQs
- Q: Is MetaTrader 4 suitable for beginners?
A: While MT4 is rich in features, it can be overwhelming for beginners. It is advised to practice using a demo account first. - Q: How many markets can I track simultaneously in MetaTrader 4?
A: MetaTrader 4 allows you to observe multiple charts at once. - Q: What type of orders can I use in MetaTrader 4?
A: You can use market orders, stop orders, and limit orders. - Q: Can I create my own indicators in MetaTrader 4?
A: Yes, if you are a programmer, you can easily create your own indicators using the MQL4 language. - Q: What platforms are MT4 available on?
A: MT4 is available as a web platform, Android, iOS, and desktop application for Windows and macOS.