{"version":"1.0","provider_name":"For overseas forex cashback services, try Money Charger","provider_url":"https://money-charger.com/en/","author_name":"admin","author_url":"https://money-charger.com/en/author/admin/","title":"A comparison list of recommended overseas forex brokers compatible with MT4 | Explanation of differences from MT5, advantages and disadvantages - Money Charger, an overseas forex cashback service","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"Gj4XBaCCK2\"><a href=\"https://money-charger.com/en/information/overseasfx-mt4/\">A comparison list of recommended overseas forex brokers that support MT4 | Explanation of differences from MT5, as well as their advantages and disadvantages</a></blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https://money-charger.com/en/information/overseasfx-mt4/embed/#?secret=Gj4XBaCCK2\" width=\"600\" height=\"338\" title=\"&amp;quot;Recommended Overseas Forex Brokers Compatible with MT4: Comparison List | Differences from MT5, Advantages, and Disadvantages Explained&amp;quot; &#x2014; Money Charger (Overseas Forex Cashback Service)\" data-secret=\"Gj4XBaCCK2\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"></iframe><script type=\"text/javascript\">\n/* <![CDATA[ */\n/*! This file is auto-generated */\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n//# sourceURL=https://money-charger.com/wp-includes/js/wp-embed.min.js\n/* ]]> */\n</script>\n","description":"Many people considering using overseas forex brokers are likely wondering, \"Which overseas forex brokers are recommended for MT4 compatibility?\" MT4 is a high-performance chart analysis tool developed by a Russian company in 2005 and used by traders worldwide. Currently, MT5 has been released as the successor to MT4, but the two tools are not compatible, so the transition is not progressing smoothly. This article introduces overseas forex brokers that support MT4. We will also explain the differences between MT4 and MT5, as well as the advantages and disadvantages of MT4, so please use this as a reference. If you have any of the following concerns, please read to the end. For overseas forex beginners, we recommend reading the Complete Guide for Overseas Forex Beginners. Scroll horizontally Features of overseas FX brokers 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 FCA and FSCA - Asset guarantee system allows you to trade with peace of mind Official website - Compatible with MT4 and MT5 - Bonus of up to 800,000 yen available - Used by 70,000 traders worldwide Official website What is MT4 in the first place? MT4 (MetaTrader4) is an FX trading platform developed in 2005 by MetaQuotes Software, a Russian company. In addition to FX, it also supports cryptocurrency and stock trading, but it is especially specialized in FX trading and is used by FX traders all over the world. One of the reasons for its popularity is that it is free to use, but MT4 has many attractive features as follows. The biggest attraction of MT4 is that you can use an existing automated trading system called an EA (Expert Advisor) to automate trading. The automated trading system can be freely customized and trades can be performed automatically according to your investment strategy. There are free and paid Expert Advisors (EAs) developed by professional traders, allowing even beginner investors to trade FX using the same investment strategies as professionals. It is also possible to perform backtesting, which uses historical charts to verify the accuracy of the EA. By using MT4, even office workers and housewives who do not 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 Scroll horizontally Item MT4 MT5 Operating speed Slow Fast Standard built-in indicators 30 types 38 types Abundant custom indicators Few Timeframes 9 types 21 types Order book information None Available Quotes Simple Many features Mobile app Features Few features Many features Supported Overseas FX companies Almost none Supported 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 number of custom indicators and EAs is fewer than in MT4. Furthermore, due to the disadvantage that customizations set in MT4 cannot be migrated to MT5, there are not many overseas forex brokers that support MT5. If you want to trade with highly accurate EAs, 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 the actual advantages? In this chapter, we will explain the advantages of using an overseas forex broker that supports MT4. You can use more than 50 types of indicators MT4 provides more than 50 types of indicators, including major indicators such as \"MACD\" and \"moving average\". You can freely customize these more than 50 types of indicators, and it is also possible to create original analytical indicators. By customizing multiple indicators and performing chart analysis, you can increase the basis for trading and perform more accurate trades. There are few trading platforms in the world that offer more than 50 types of indicators like MT4, so MT4 is recommended for those who want to trade using advanced analysis. You can trade effortlessly using automated trading (EA) If you use an overseas forex broker that supports MT4, you can perform automated trading with EAs. An EA (Expert Advisor) is a program that automatically executes FX trades based on pre-set rules. Using an EA eliminates the need to click and place orders each time; the program trades according to the pre-set rules. This eliminates emotional biases such as \"I'm losing, so I'll place a large order,\" allowing for evidence-based trading. By using an overseas FX broker that supports MT4 and allows the operation of EAs, it is possible to aim for profits with very little effort. Risk management is possible with backtesting. Overseas FX brokers that support MT4 allow automated trading using EAs. However, an EA with set rules does not necessarily guarantee profits. In fact, using an EA will result in more trades than manual trading, so there is a possibility of larger losses. However, MT4 has a function that allows you to backtest EAs. Backtesting is the process of verifying whether the EA you set up can generate profits based on historical data within MT4. By backtesting multiple EAs (Expert Advisors/automated trading systems), you can eliminate EAs that are prone to losses before actually starting to trade. Overseas forex brokers that support MT4 offer the advantage of easy order placement from smartphones. MT4 has released a smartphone app, allowing easy order placement on both iPhone and Android devices. There are no major functional differences compared to the PC version of the app, and it offers a user-friendly interface for one-touch order placement and settlement. It also supports EAs, 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 […]"}