MT4 or MT 4 is the abbreviation or quick name of the all inclusive Metatrader 4 forex trading terminal, the terminal is all inclusive and offered to traders in downloadable format free of charge from Metatrader or MT4 brokers. Due to the fact that the MT4 is coded in MQL4 language and the detailed manual of the software is available for free in addition to the fact that the software is coded in a language which is quite similar to C++ numerous additions, plugins and expert advisors are nor offered online both for free or by license fee adding up to the overall popularity of the MT4 itself.
Nobody can really say that it is the best solution, the easiest solution or overall the best trading terminal because the comparison points are very much uneven due to the major effort which has been put in from thousands of traders and programmers to tailor the MT4 to perform new tasks over the years with major exposure of solutions online.
What can be said for sure is that it is the most widespread solution offered and the MT4 does allow bottomless tailoring therefore meaning that each and trader can select to curve it and make it work best for him by either downloading any of the added features available directly as plugins from Metaquotes or by using third party software and plugins which are compatible with the MT4 itself.
MT4 accounts come in both demo and real trading environment with the demo option being an option of which maturity is clearly up to the discretion of the MT4 broker himself. Some MT4 brokers offer non maturing MT4 forex demo accounts where others offer them on a 15 or 30 day trial period. The environment in a MT4 demo and a MT4 real account is exactly the same with the difference that the demo is 100% with virtual funds where the second uses real funds to execute trades in the forex marketplace.
Although slight confusion might exist in regards to the overall term MT4 Brokers; you should realize that surely they are not brokers that sell the MT4 for a fee which is the general definition you get when you read the word aloud. MT4 brokers are the total number of brokers which adopt the MT4 trading terminal as their trading terminal solution or as one of their trading terminal solutions.
The offering of the MT4 comes regardless of other characteristics which each and every particular broker might have. MT4 brokers do not have any obligation or do not face any restriction of what additional offerings they can adopt as they simply offer a similar trading terminal which they use with the license of Metaquotes which is the developing company of the software itself.
In the same manner MT4 brokers do not have any obligation to solely offer the MT4 as they might wish to give their users the choice to pick out from other trading terminals which might be in house developed or web based operating in difference to the MT4. MT 4 Brokers vary, as they have licenses from different jurisdictions, they have different trade execution methodology; they might offer support and offerings in different languages in addition to different deposit and withdrawal options.
In simple language as a trader or a newcomer to the OTC marketplace it is important to understand that offerings from Metatrader 4 brokers do not come universal; from the point a broker is granted a license to operate a MT4 as his OTC window to the foreign exchange it is clearly up to the company profile and company philosophy of how they will decide to run their brokerage.
MT4 brokers, metatrader brokers or metatrader forex brokers more or less translate themselves to the same bottom line as when a forex broker adopts the MT4 the platform comes all inclusive. Although you might find a broker offering forex trading and not offering CFD trading you will not find the combination vice versa. So when we refer to metatrader brokers in reality we refer to metatrader forex brokers as all the rest of the features come as an extra with forex being the main offering or main attraction point within the MT4.