Many people considering using overseas forex brokers are probably wondering, "Which overseas forex brokers are recommended and compatible with MT4?"
MT4 is a high-performance chart analysis tool developed by a Russian company in 2005 and is used by traders all over the world
Currently, MT5 has been released as the successor to MT4, but the two tools are not compatible, so the transition is not progressing smoothly
In this article,Overseas forex brokers that support MT4Let me introduce you to you
This article will explain the differences between MT4 and MT5, as well as the advantages and disadvantages of MT4, so please use it as a reference
If you have any of the following concerns, please read to the end
- What are the differences between MT4 and MT5?
- What are the advantages and disadvantages of MT4?
- I want to know about overseas forex brokers that support MT4!
Beginners in overseas forex trading are strongly encouraged to read the Complete Guide to Overseas Forex Trading for Beginners
| Overseas Forex Brokers | Features | Official website |
|---|---|---|
 | • Compatible with MT4 and MT5 • Holds multiple highly reliable financial licenses • Unlimited high leverage | Official website |
 | • Compatible with MT4 and MT5 • Holds highly reliable financial licenses from FCA, FSCA, etc. • Asset guarantee system in place for safe trading | Official website |
 | • Compatible with MT4 and MT5 • Offers a bonus of up to 800,000 yen • Used by 70,000 traders worldwide | Official website |
Contents
- 1 What exactly is MT4?
- 2 Advantages of using an overseas forex broker that supports MT4
- 3 Disadvantages of using overseas forex brokers that support MT4
- 4 Key points to consider when choosing an overseas forex broker that supports MT4
- 5 Recommended overseas forex brokers that support MT4
- 6 Frequently Asked Questions about Overseas Forex Brokers that Support MT4
- 7 summary
What exactly is MT4?
MT4 (MetaTrader4) is an FX trading platform developed in 2005 by the Russian company MetaQuotes Software
In addition to FX, it also supports cryptocurrency and stock tradingThey specialize in FX trading in particular、It is used by FX traders all over the world
Free to useWhile that is one reason for its popularity, MT4 has many other attractive features, as listed below
- You can use an Expert Advisor (EA) to automate trading
- You can try out various EAs with backtesting
- Charts can be displayed using various indicators
- Simple and easy-to-use interface
- Customization is possible
The biggest appeal of MT4 isAutomated trading can be performed using existing automated trading systems called EAs (Expert Advisors)That's the point
Automated trading systems can be freely customized, allowing you to execute trades automatically according to your own investment strategy.
There are free and paid Expert Advisors (EAs) developed by professional traders that allow even novice investors to trade FX using the same investment strategies as professional traders
Furthermore, historical charts can be used to verify the accuracy of the EABacktesting is also possibleis
By using MT4, even busy office workers and housewives who don't have much time to dedicate to FX trading can efficiently generate profits.
However, there are no "absolutes" in FX trading, so be sure to perform backtesting beforehand to verify the accuracy of the EA
Differences between MT4 and MT5
| item | MT4 | MT5 |
|---|---|---|
| Operating speed | slow | fast |
| Standard built-in indicators | 30 types | 38 types |
| Custom Indicator | Abundant | few |
| Hourly timeframe | 9 types | 21 types |
| Board information | none | can be |
| Indicative price | simple | Many features |
| Mobile app | Limited functionality | Many features |
| Supported overseas forex companies | Almost compatible | few |
Currently, MT5, the successor to MT4, has been released
MT5 is a trading platform that is a superior version of MT4, so its basic performance is better.
However, despite MT5 being released in 2010,The variety of custom indicators and EAs is smaller than in MT4is
Furthermore, due to the disadvantage that customizations set in MT4 cannot be transferred to MT5, there are not many overseas forex brokers that support MT5
If you want to trade using a highly accurate Expert Advisor (EA), try using an overseas forex broker that supports MT4
Advantages of using an overseas forex broker that supports MT4
MT4 is a trading platform that can be used by many overseas forex brokers, but what are its actual advantages?
This chapter will explain the advantages of using overseas forex brokers that support MT4
- You can utilize over 50 types of indicators
- You can trade effortlessly using automated trading systems (EAs)
- Risk can be managed through backtesting
- You can easily order from your smartphone
You can utilize over 50 types of indicators
MT4 offers over 50 indicators , including major indicators such as MACD and Moving Averages
With over 50 types of indicators available , you can freely customize them
By customizing multiple indicators for chart analysis, you can increase the basis for making tradesYou can make more accurate tradesIt will be like this
There are few trading platforms worldwide that offer more than 50 different indicators like MT4, so MT4 is recommended for those who want to trade using advanced analysis
You can trade effortlessly using automated trading systems (EAs)
If you use an overseas forex broker that supports MT4, you can use an Expert Advisor (EA) to automate your trading.
EA (Expert Advisor) is a program that automatically executes FX trades based on pre-set rules .
Using an EA (Expert Advisor), you no longer need to click to place orders every time; the program will trade based on pre-set rules
This eliminates emotional biases, such as placing large orders because you're losing allowing you to make trades based on solid evidence.
If you use an overseas forex broker that supports MT4 and allows the operation of EAs (automated trading systems),It is possible to aim for profit with very little effort
Risk can be managed through backtesting
With overseas forex brokers that support MT4, it is possible to use EAs (Expert Advisors) to perform automated trading
However, if the EA (automated trading system) has set rulesIt's not always guaranteed that you'll make a profit
On the contrary, when using an EA (automated trading system), the number of trades will be higher than when trading manually, so there is a possibility that losses will be larger
However, MT4 has a built-in function that allows you to backtest EAs (Expert Advisors/automated trading systems).
Backtesting the process of verifying whether a custom-designed Expert Advisor (EA) can generate profits based on historical data within MT4 .
By backtesting multiple EAs (Expert Advisors), you can eliminate EAs that are likely to incur losses before actually starting to trade
You can easily order from your smartphone
Overseas forex brokers that support MT4 offer the advantage of being able to easily place orders even from a smartphone
MT4 has released a smartphone app, allowing you to easily place orders from your smartphone screen, whether you're using an iPhone or Android device
There are no major differences in functionality compared to the PC version of the app, and it offers a user-friendly interface that allows you to order and pay with a single touch .
It also supports EAs (Expert Advisors), and if you download the app to your smartphone, you can check your trading status even when you're out and about.
Disadvantages of using overseas forex brokers that support MT4
MT4 is a very effective trading platform when using overseas forex brokers
However, there are also disadvantages, so it's important to understand them beforehand
- It has many functions and takes time to get used to
- With EA (Expert Advisor/automated trading), you need to keep your PC running at all times
It has many functions and takes time to get used to
Because MT4 is equipped with a wealth of features,It takes time to get used to it
The biggest feature of MT4 is its ability to customize a wide range of indicators , but for FX beginners in particular, it can feel very difficult because they have to start by understanding FX terminology.
Furthermore, regarding EAs (automated trading systems) and backtesting, it is necessary to consult manuals written in specialized terminology before actually using them, so it will take some time before you can truly master them
However, the basic order placement and chart display are simple, so even beginners in FX can use it without any problems.
MT4 is the most popular trading platform in the FX industry, so you should gain solid experience and become proficient in using it
With EA (Expert Advisor/automated trading), you need to keep your PC running at all times
When using an EA (Expert Advisor) to perform automated trading, you need to keep MT4 running on your PC at all times
The fact that it automatically trades 24 hours a day is appealing, butThere is a possibility that the EA (automated trading system) may stop working due to communication failures or power outages at home
Additionally, since electricity costs are incurred while the EA (automated trading system) is running, a certain level of running costs will also be necessary
To solve these disadvantagesUsing a VPS is recommendedis
Using a VPS allows you to run EAs (Expert Advisors/automated trading systems) even when MT4 is not running on your home PC
While VPS services are generally paid, some overseas forex brokers that support MT4 may offer them for free if certain conditions are met.
check out Exness and TitanFX , which offer free VPS (Virtual Private Server) services
Key points to consider when choosing an overseas forex broker that supports MT4
When choosing an overseas forex broker that supports MT4, keep the following points in mind
- Is there any safety issue?
- Is the maximum leverage high?
- Are the transaction costs low?
- Are there any bonus campaigns?
- Is there Japanese language support?
I will explain each of them
Is there any safety issue?
When choosing an overseas forex broker that supports MT4,First, it is important to check that there are no safety issuesis
Because most overseas forex brokers are outside the jurisdiction of Japan's Financial Services Agency, even if you suffer from malicious withdrawal refusals or account freezes, you are not entitled to full compensationself-responsibilityThis is the result
ways to verify the safety of an overseas forex broker include checking the financial licenses they hold and their track record .
For example, overseas forex brokers that have obtained multiple highly reliable financial licenses or those with more than 10 years of operational experience can be considered highly safe
checking reviews from people who have actually used overseas forex brokers is also an effective way to confirm their safety.
To avoid losing your deposited funds, be sure to check the security of overseas forex brokers that support MT4 when choosing one
Beforehand, be sure to check the key points for determining the safety of overseas forex trading
Is the maximum leverage high?
When choosing an overseas forex broker that supports MT4,It is recommended to choose a broker with a high maximum leverageis
The advantages of high leverage are as follows:
- You can trade with a small amount of margin
- Potential for significant profits
By choosing an overseas forex broker with high leverage, you can aim for large profits with a small amount of margin.
For example, if you hold a buy position in USD/JPY when the exchange rate is 1 dollar = 150 yen, the profit you earn when the rate rises to 1 dollar = 160 yen will vary depending on the maximum leverage offered by the overseas forex broker, as follows. The margin is 150,000 yen
| <With 25x leverage> ・Margin 150,000 yen ÷ 150 yen × 25 (leverage) = 25,000 currency units ・(160 - 150) × 25,000 currency units = 250,000 yen profit <With 1,000x leverage> ・Margin 150,000 yen ÷ 150 yen × 1,000 (leverage) = 1,000,000 currency units ・(160 - 150) × 1,000,000 currency units = 10,000,000 yen profit |
As mentioned above, even with the same marginThe profits you can earn will differ depending on the level of leverage
have implemented a zero-cut system, which prevents margin calls exceeding the initial deposit. Therefore, if you choose a broker with high leverage, even beginners in overseas forex trading can enjoy high-leverage trading without fear of losses.
Check out our ranking of recommended overseas forex brokers based on leverage comparisons
Are the transaction costs low?
When choosing an overseas forex broker that supports MT4,Choosing a broker with low transaction costs will allow you to earn more efficiently
The trading costs incurred with overseas forex brokers are as follows:
- spread
- Transaction fees
- Deposit and withdrawal fees
The width of the spread, in particular, has a significant impact on the profits you can earn from FX trading, so you need to be careful when choosing an overseas FX broker
The spread is the difference between the buying price and the selling price. The wider the spread, the higher the transaction cost.
Spreads offered by overseas forex brokers vary depending on the account type, so be sure to check them before opening an account
Check out our ranking of recommended overseas forex brokers based on their spreads
Are there any bonus campaigns?
When choosing an overseas forex broker that supports MT4, in order to start trading advantageously,It's recommended to choose a company that offers generous bonus campaignsis
With overseas forex brokers that offer generous bonus campaigns, you can enjoy trading with more capital than you initially invested.
FXGT, a major FX broker that supports MT4, is currently running a total of four bonus campaigns, including a bonus of 15,000 yen for new registrations.
| bonus | Content |
|---|---|
| New registration bonus | 15,000 yen bonus |
| Unlimited cashback (Optimus account) | Up to $20 cashback per lot |
| Loyalty bonus (up to 700,000 yen) | 25% of your deposit will be added as a bonus |
| Welcome bonus (up to 80,000 yen) | 120% bonus on your first deposit |
While there are withdrawal conditions for trades using bonus funds, possible to make profits with the funds received as a bonus .
If you're looking to try overseas forex trading with a small amount of capital, try choosing an overseas forex broker that offers generous bonuses and promotions
For the latest overseas forex bonus information, please check the Overseas Forex Latest Bonus Campaign Ranking
Is there Japanese language support?
When choosing an overseas forex broker that supports MT4,It's recommended to choose a company that offers comprehensive Japanese language supportis
Many overseas forex brokers do not offer support in Japanese, and some only have chat and email services available in English
Especially when using overseas forex brokers that support MT4, since automated trading programs (EAs) are often installed along with MT4, choosing a broker that does not offer Japanese language support can be problematicYou will have to read complex English texts yourself
Also,The availability of Japanese language support can lead to problems when depositing or withdrawing fundsTherefore, if you don't have English language skills, please choose an overseas forex broker that supports MT4 and offers Japanese language support
Among overseas forex brokers that offer Japanese language support, we especially recommend those that have Japanese staff members.
Recommended overseas forex brokers that support MT4
| Overseas Forex Brokers | Features | Official website |
|---|---|---|
| • Compatible with MT4 and MT5 • Holds multiple highly reliable financial licenses • Unlimited high leverage | Official website |
| • Compatible with MT4 and MT5 • Holds highly reliable financial licenses such as the FCA • Asset guarantee system ensures safe trading | Official website |
| • Compatible with MT4 and MT5 • Offers a bonus of up to 800,000 yen • Used by 70,000 traders worldwide | Official website |
 | - Compatible with MT4 and MT5 - MT4 can be accessed from smartphones - Has the largest number of Japanese users | Official website |
 | - Compatible with MT4 and MT5 - Generous bonuses available - High execution speed | Official website |
 | - Compatible with MT4, MT5, and cTrader - High execution speed and accurate trading - Zero spread | Official website |
 | - Compatible with MT4 and MT5 - Boasts industry-leading execution capabilities - Has a unique app that allows users to emulate the trading methods of professional traders | Official website |
 | - Compatible with MT4 and MT5 - Has a sponsorship agreement with FC Barcelona - Allows trading with high leverage of up to 3000x | Official website |
 | - Compatible with MT4 and MT5 - Generous bonuses allow you to start with a small amount of capital - Free VPS is provided, allowing you to run automated trading (EA) 24 hours a day | Official website |
 | - Compatible with MT4, MT5, and cTrader - Includes trust protection and asset compensation - High execution speed, recommended for scalpers | Official website |
The brokers featured here are highly ranked in our ranking of popular and recommended overseas forex brokers,
Exdefine
Exnes s is an overseas forex broker that supports MT4 and MT5 .
The most distinctive feature isThe ability to trade with unlimited high leverageis
This broker offers higher leverage than other overseas forex brokers, allowing you to aim for large returns even with a small amount of margin
Furthermore, it is well-regarded for its narrow spreads and large number of swap-free instruments resulting in low costs per transaction.
If the following conditions are metFree VPS availableSince it's possible to do this, I encourage busy office workers and housewives to give it a try
- The total balance across all accounts is over $1000
- Balance of over $500 and trading volume of over $500,000 in the last 30 days
| MT4 | 〇 |
|---|---|
| MT5 | 〇 |
| cTrader | × |
| Automated trading (EA) | 〇 |
| Establishment | 2008 |
| Ordering method | NDD method |
| Fund management methods | Separate management |
| Rumors of withdrawal refusal | none |
| Zero Cut System | can be |
| Maximum leverage | Unlimited |
HFM
HFM is an overseas forex broker that supports MT4 and MT5 .
The maximum leverage is 2000xAlthough it is lower than Exness, it has the advantage of being easier to profit from than domestic FX brokers
they offer a wide variety of stocks, allowing you to trade approximately 1200 different products, from major to minor
Because they hold multiple financial licenses, including the notoriously difficult-to-obtain FCA (UK), they are a good choice for people using overseas forex brokers for the first timeRecommended for those who prioritize a sense of securityis
| MT4 | 〇 |
|---|---|
| MT5 | 〇 |
| cTrader | × |
| Automated trading (EA) | 〇 |
| Establishment | 2010 |
| Ordering method | NDD method |
| Fund management methods | Separate management |
| Rumors of withdrawal refusal | none |
| Zero Cut System | can be |
| Maximum leverage | 2000 times |
FXGT
FXGT is broker that supports MT4 and MT5 .
FXGT is a relatively new forex broker established in 2019. Initially, it only supported MT5, but it began supporting MT4 in June 2023.
Trading using MT4 is possible with four types of accounts: Standard+, Mini, ECN, and PRO accounts, and there are also cryptocurrency-only accounts"CryptoMax accounts" are not compatible with MT4Please be careful
FXGTOne of the attractive features of this FX broker is the generous bonuses they offeris
We are currently running various bonus campaigns, including a "New Registration Bonus" you can receive a 15,000 yen bonus just for registering
| bonus | Content |
|---|---|
| New registration bonus | 15,000 yen bonus |
| Unlimited cashback (Optimus account) | Up to $20 cashback per lot |
| Loyalty bonus (up to 700,000 yen) | 25% of your deposit will be added as a bonus |
| Welcome bonus (up to 80,000 yen) | 120% bonus on your first deposit |
Even those with limited funds can trade beyond their initial capital by utilizing bonuses, so if 're thinking, "I want to try overseas forex trading!", please give it a try.
| MT4 | 〇 |
|---|---|
| MT5 | 〇 |
| cTrader | × |
| Automated trading (EA) | 〇 |
| Establishment | 2019 |
| Ordering method | NDD method |
| Fund management methods | Separate management |
| Rumors of withdrawal refusal | none |
| Zero Cut System | can be |
| Maximum leverage | 5000 times |
XM Trading
XM Trading is an overseas forex broker that supports MT4 and MT5 .
XM Trading has developed "XMTrading app," which allows access to MT4 and MT5 from smartphones and tablets .
You can obtain trading information such as trend lines and indicators from your smartphone or tabletYou can trade FX even when you're out and about
XM TradingIts greatest appeal is reliabilityis
it enjoys the most support from Japanese people among the many overseas forex brokers
from highly reputable the FCA and CySEC , and provide services in accordance with the supervision and regulations of each country.
The maximum leverage is 1000xAlthough it is lower compared to other overseas forex brokers,The most popular overseas forex brokers among Japanese peopleTherefore, there are many communities where you can exchange opinions and ideas
For those who are completely new to FX trading XM Trading is recommended because it offers a high level of security and has many Japanese users
| MT4 | 〇 |
|---|---|
| MT5 | 〇 |
| cTrader | × |
| Automated trading (EA) | 〇 |
| Establishment | 2009 |
| Ordering method | NDD method |
| Fund management methods | Separate management |
| Rumors of withdrawal refusal | none |
| Zero Cut System | can be |
| Maximum leverage | 1000 times |
Big Boss
Big Boss is an overseas forex broker that supports MT4 and MT5 .
It also supports automated trading (EA), and the official website provides detailed instructions on how to install MT4 and set up automated trading (EA)
Big BossOverseas forex brokers with attractive bonusesIt is also true
We are currently running various bonus campaigns, including an "Account Opening Bonus" you can receive a 15,000 yen bonus just for opening an account
| bonus | Content |
|---|---|
| Account opening bonus | 15,000 yen bonus |
| 100% deposit bonus (up to 2 million yen) | Up to 100% of your deposit is eligible for a bonus |
| BBC PO Bonus | Get an additional 10% bonus when you deposit with BBC |
| BBC Bonus | Exchange points earned through trading for bonuses |
Furthermore, because we use servers from Equinix, a company with high international reliability, lag is less likely to occur, and slippage and order rejections tend to be less frequent.
If you prioritize precise ordering, try using BigBoss
| MT4 | 〇 |
|---|---|
| MT5 | 〇 |
| cTrader | × |
| Automated trading (EA) | 〇 |
| Establishment | 2013 |
| Ordering method | NDD method |
| Fund management methods | Separate management |
| Rumors of withdrawal refusal | none |
| Zero Cut System | can be |
| Maximum leverage | 2222 times |
AXIORY
AXIOR Y is an overseas forex broker that supports MT4, MT5, and cTrader .
"To eliminate the limits of transactions."With this as our mottoZero time lag, zero spread, zero slippageThis provides a trading environment
Regarding zero time lag, it far exceeds industry standardsFastest execution possible in as little as 0.029 secondsin,The execution rate is also 99.99%This is a very high number
Furthermore, they advertise zero spreads, and for popular currency pairs..Offers zero spread for most of the dayThey were doing,No deposit feesAnd so onTransaction costs are also lowis
If you want to make highly accurate trades or reduce transaction costs, you should definitely try AXIORY
| MT4 | 〇 |
|---|---|
| MT5 | 〇 |
| cTrader | 〇 |
| Automated trading (EA) | 〇 |
| Establishment | 2007 |
| Ordering method | NDD method |
| Fund management methods | Separate management |
| Rumors of withdrawal refusal | none |
| Zero Cut System | can be |
| Maximum leverage | 400 times |
TitanFX
TitanFX is broker that supports MT4 and MT5 .
TitanFX uses high-performance servers from Equinix, which are also used by financial institutions and major IT companies in various countriesIndustry-leading execution capabilitiesThis has been achieved
With virtually no order rejections and minimal slippage, this trading environment allows for more focused trading
Furthermore, by meeting the following conditions, you can use a VPS (Virtual Private Server) free of charge, which is effective for running automated trading systems (EAs) 24 hours a day
- I trade more than 5 lots per month
- Account balance is 150,000 yen or more
The narrow spread is one of its attractions,Since there are no bonuses whatsoever, you must trade using 100% of your own funds
Furthermore, since the maximum leverage is 500 times, which is on the lower side among overseas forex brokers, want to "earn efficiently with a small amount of margin" should use overseas forex brokers with higher maximum leverage.
However, a dedicated app called "Titan FX Social" has been released that allows you to copy professional trading methods , so if you want to learn trading techniques, please give it a try.
| MT4 | 〇 |
|---|---|
| MT5 | 〇 |
| cTrader | × |
| Automated trading (EA) | 〇 |
| Establishment | 2014 |
| Ordering method | NDD method |
| Fund management methods | Separate management |
| Rumors of withdrawal refusal | none |
| Zero Cut System | can be |
| Maximum leverage | 500 times |
FBS
FBS is an overseas forex broker that supports MT4 and MT5 .
In addition to having a sponsorship agreement with the world-famous FC Barcelona, they also possess the highly difficult-to-obtain VFSC (Vanuatu) license,Highly reliable overseas forex brokersThat can be said
One of the main features of FBS isHigh leverage up to 3000 timesThese are some examples
Among the overseas forex brokers introduced in this article, it ranks third highest after Exness and FXGT, making it possible to aim for large returns even with a small amount of margin .
However, FBSThe maximum leverage varies depending on the amount of margin depositedTherefore, in some cases, the leverage may be lower than that of other companies
| margin | Maximum leverage |
|---|---|
| Less than 20,000 yen | 3000 times |
| 20,000 to 200,000 yen | 2000 times |
| 200,000 to 500,000 yen | 1000 times |
| 500,000 to 3,000,000 yen | 500 times |
| 3 million to 15 million yen | 200 times |
| Over 15 million yen | 100 times |
If your margin exceeds 500,000 yen, your maximum leverage will be limited to 500x. Therefore, if you want to trade with high leverage, please make sure to withdraw funds so that you can always trade with the maximum leverage of 3000x
| MT4 | 〇 |
|---|---|
| MT5 | 〇 |
| cTrader | × |
| Automated trading (EA) | 〇 |
| Establishment | 2009 |
| Ordering method | NDD method |
| Fund management methods | Separate management |
| Rumors of withdrawal refusal | none |
| Zero Cut System | can be |
| Maximum leverage | 3000 times |
IS6FX
IS6FX is an overseas forex broker that supports MT4 and MT5 .
The most distinctive feature isThe bonus campaign is generousTherefore, even people with limited funds can easily trade using the bonus they receive
| bonus | Content |
|---|---|
| Account opening bonus | 13,000 yen bonus |
| Welcome bonus (up to 360,000 yen total) | You can receive a bonus up to 3 times with your deposit |
| Friend referral bonus | Get a bonus of up to 5,000 yen for each person you refer |
The welcome bonus is particularly attractive, allowing you to receive a bonus equivalent to 100% of your .
| Number of deposits | bonus | Upper limit |
|---|---|---|
| 1st time | 100% of the deposit amount | 60,000 yen |
| second time | 50% of the deposit amount | 100,000 yen |
| 3rd time | 30% of the deposit amount | 200,000 yen |
Furthermore, IS6FX offers a free VPS (Virtual allowing you to run automated trading systems (EAs) 24 hours a day .
However, the IS6FX uses the direct-to-drive (DD) method, which is said to have low transparency
Because the reliability of the financial licenses they hold is low, those looking for a reliable overseas forex broker should consider other options
| MT4 | 〇 |
|---|---|
| MT5 | 〇 |
| cTrader | × |
| Automated trading (EA) | 〇 |
| Establishment | 2016 |
| Ordering method | DD method |
| Fund management methods | Separate management |
| Rumors of withdrawal refusal | none |
| Zero Cut System | can be |
| Maximum leverage | 1000 times |
TRADEVIEW
TRADEVIEW is an overseas forex broker that supports MT4, MT5, and cTrader .
TRADEVIEW's services include trust protection, guaranteeing you $35,000 in the event of bankruptcy
While you won't be compensated for all the assets you deposited into your account, many overseas forex brokers don't have compensation systems in place, so this one can be considered a relatively safe and easy-to-use overseas forex broker
Furthermore, it has a strong reputation for its high execution speed, resulting in a trading environment where slippage and requotes are less likely to occur
Because it has a high probability of executing orders at your desired rate, it is recommended for people who use trading methods that involve frequent trades, such as scalping
| MT4 | 〇 |
|---|---|
| MT5 | 〇 |
| cTrader | 〇 |
| Automated trading (EA) | 〇 |
| Establishment | 2004 |
| Ordering method | NDD method |
| Fund management methods | Separate management |
| Rumors of withdrawal refusal | none |
| Zero Cut System | can be |
| Maximum leverage | 500 times |
Frequently Asked Questions about Overseas Forex Brokers that Support MT4
Finally, we will answer some frequently asked questions regarding overseas forex brokers that support MT4
Which overseas forex brokers are recommended for MT4 compatibility?
MT4 compatibleMy recommended overseas forex broker is "Exness"is
Exness offers unlimited high-leverage trading , allowing you to aim for large returns even with a small amount of margin. Another attractive feature is its industry-leading narrow spreads , enabling you to trade while keeping transaction costs down.
we offer a free VPS if certain conditions are met . By using a VPS with MT4-compatible Exness to run an EA (Expert Advisor/automated trading system) 24 hours a day, even busy office workers and housewives who don't have time to trade can engage in FX trading every day.
Can I trade using MT4 on my smartphone?
MT4 trading can also be done on smartphones
MT4 has released a smartphone app that is compatible with both iPhone and AndroidfreeIt is available here
While the smartphone app has simpler features compared to the PC version, it allows for one-touch ordering and enables trading even when you're on the go.
How do I download MT4?
MT4 can be downloaded from the official website
The specific steps are as follows:
- Download MT4 from the official website of an overseas forex broker
- Opening an account with an overseas forex broker
- Log in to your account in MT4
Downloading MT4 is a simple process,It's not particularly difficult
summary
This time, I introduced overseas forex brokers that support MT4
MT4 offers over 50 different indicators, allowing you to customize and analyze charts to your liking
Furthermore, when used in conjunction with EAs (Expert Advisors) and VPS, it offers the advantage of automatically executing trades 24 hours a day
However, it has many features,It's true that it takes time to actually master using itis
try using the MT4-compatible overseas forex brokers introduced in this article
