With Forex market being open 24/5, traders need solutions to access their accounts at any point in time, and from any location. And since smartphones industry developed in such a way, that you phone is an extension of your computer, using smartphones for trading on Forex market became a day-to-day activity. With the development of technology, Forex trading applications had to adapt, as well, and most of the providers offer solutions for smartphone trading.
MetaTrader 4 for iOS Tools
We will analyse such a solution for iOS, and we stopped at one of the most popular among traders and brokers, both for desktop and for smartphones – MetaTrader 4, from MetaQuotes Software Corp. The platform developed a MetaTrader 4 iOS app and it is advertised as the optimal solution for mobile trading: “the world’s most functional platform for the most popular iOS powered devices”, as the developers call it.
They also say you will “find all types of trading orders, 50+ technical analysis tools, convenient chat with other traders, audio and push notifications in your Apple device for continuous trading, wherever you are”.
Therefore, we are trying to determine if the app is what it advertises for, in this MetaTrader 4 for iPhone review. First of all, the app supports all types of orders and executions, provides the trading history, has nine timeframes, three types of charts: broken line, bars and candlesticks, features 30 indicators and 24 analytical objects, and offers financial markets news. You can also chat within the application and send emails.
As far as functionality is concerned, besides the actual trading, the application provides interesting features that support the process. As we said, it offers 30 technical indicators and 24 analytic objects: geometric shapes, lines, channels, but also Fibonacci and Elliot tools.
They may come in handy when you are away from your office and have trades open. You may check on them through the application. Moreover, the MetaTrader 4 iPad platform offers interactive charts, lets traders set orders, executes them instantly, and, in respect to pending orders, it executes them even if the app is offline. It also features a one-tap-trading tool. Some traders, however, felt the need for more features, such as more alerts on specific data, or even integration with the smart watch.
MetaTrader 4 iOS updates
An important characteristic of this app is that the developers understand the need to keep up to date with the market and with the latest technological developments, therefore they make constant updates and improvements. The latest version improved navigation and made the tool easier to use, while offering quite a significant amount of information. MetaTrader 4 for iOS is not only available on iPhones, but also on iPads, the latter offering the possibility to display four charts at once.
All in all, the MT4 for iOS review showed that the platform offers the most comprehensive solution for mobile trading, adapted to the iOS system and compatible with the MT4 platform, allowing traders to stay in contact with the markets at any point in time and helping them develop and implement the trading strategy from any location.
See how MT4 for iOS compares to other using ours:
- cTrader for iPhone review
- MT5 iOS platform
- Plus500 iOS application
- Review of the eToro iOS version
- Sirix iOS App