What is Web MT4? – 3 Reasons Your FX Broker Should Offer Web MT4
What is Web MT4?
Web MT4 is the website, or browser based release of the popular Windows based trading platform known as MetaTrader 4 (MT4). Prior to web MT4, traders using Mac or Linux operating systems had to find interesting work arounds to use the Windows version of MetaTrader 4. In order to cater to these traders and also fulfill a much requested demand by traders across the globe, Metaquotes has recently released web MT4 to the public.
The official announcement by MetaQuotes lists the following benefits:
- Full trading functionality, including one-click trading, pending and market orders;
- 9 different charting time frames;
- Ability to integrate the platform directly onto broker websites via an iframe widget;
- Basic technical analysis tools;
- Real time quotes
Brokers that are new to MT4 or established firms that currently only use the desktop version should consider some of the advantages in offering web MT4:
3 Reasons Forex Brokers Should Strongly Consider Web MT4
#1. Web MT4 Now Makes it Possible for Mac & Linux Users to Trade with MetaTrader 4
Although smartphone trading has taken off in the past few years, there are plenty of traders who still use Macintosh desktop PCs. In addition, Linux users interested in MT4 could also benefit from a web version of the software; prior to the release of MT4 web trader, the only work around was using a VPS. The VPS route was a great work around but created a fair amount of work for potential users and most likely acted as a deterrent to many potential clients. Now that web MT4 has been released, Mac and Linux users have the same trading access that the rest of the community has enjoyed.
#2. Web MT4 Makes Trading Even Easier
With the trend of software applications continuing in the direction of “the cloud” it’s far easier to manage a trading platform with other browser windows than a stand alone desktop program, the latter becoming less and less relevant as time goes by. No doubt there will be hardcore fans of the MT4 desktop program, however, plenty of new traders will be far more used to a web-only option.
Another advantage is that web-based software rarely gets infected with viruses and users completely avoid installation headaches that may conflict with anti-virus software. When updates happen in web MT4, the user must simply reload the browser than wait for the system to update. A final benefit is portability, namely that traders can use the web version of MT4 on any PC without having to constantly uninstall and reinstall the software.
#3. Staying Competitive
Web MT4 was a popular software release with many brokers now adopting the platform. If your brokerage wishes to stay competitive, you should strongly consider having web MT4 as part of your offering. The reason is that some traders simply prefer a web-based platform over software that needs to be installed, has the potential to crash, and can create conflicts with other programs. A broker offering web MT4 can remain competitive in today’s industry by offering its traders and a full suite of platforms to select from: Windows, tablet, mobile, as well as web.
Forex Consulting Services – Your Partner for Launching an MT4 White Label & Starting a Forex Broker
If you are interested in launching your own MT4 / MT5 white label, we are the ideal partner to help you out. We have the necessary technology, liquidity and team of experts to guide you every step of the way.
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Why Forex Brokers Should Offer cTrader to Their Clients – 4 New Updates Reveal the Answer
In the competitive world of forex & CFD trading platforms, cTrader has continued to push the envelope by offering a comprehensive product suite to its users. It would be a mistake to assume all traders are made the same, having the exact same needs and requirements. For this reason, FX brokers should strongly consider offering a portfolio of trading platforms to their client base in order to cast the widest net possible, cTrader being an excellent case study.
4 Reasons Your Broker Should Strongly Consider Adopting cTrader Technology
Market Sentiment Indicator – This indicator has grown in popularity over the years as it provides an excellent snapshot into the collective view of market positioning. An added bonus is that cTrader offers this data in real time so traders can feel confident the data accurately reflects current market conditions. Finally, cTrader boasts a global client base, ensuring that the sentiment data has been smoothed over for regional and other outlying factors that may otherwise distort it.
Dynamic / Multi-Tier Commissions Available Directly in the Software – Developing and growing IB relationships is an integral aspect of any successful forex brokerage. FX brokers working with cTrader will be happy to know that dynamic IB commission structures are built within the platform itself. Rather than relying on a plugin or external CRM to handle multi-level rebates, in cTrader all calculations happen within the platform itself, making it a breeze to manage multiple IB / Partner relationships.
Deposit Bonus Calculations – Deposit bonuses in the FX industry have grown in popularity, especially in the past few years. Although simple in appearance, properly implementing a deposit bonus scheme requires a fair amount of logistics and planning. A major advantage of the cTrader platform is that the backend has been programmed to handle the most popular type of deposit bonus structures such as no deposit bonuses, volume based bonus payouts and account credits. Because this feature is native to the cTrader platform, no external software solution or plug-in is required for FX brokers using cTrader to offer deposit bonuses to their clients.
cTrader Offers Reporting Flexibility – Finally, by making raw, real time data easily available, cTrader is able to accommodate the various reporting and compliance changes currently happening around the globe. The ease of generating reports in cTrader makes regulatory paperwork a much easier process for FX brokers to manage.
Check Out cTrader Today and Experience the Difference
cTrader was developed by Spotware, a Cyprus-based technology provider that has been active in the market since 2010. While the overview we provided is quite helpful, it has only scratched the surface as far as the software’s full capabilities are concerned. For this reason, we encourage you to either check out a demo of cTrader today or to contact our team to learn more about the advantages of adding cTrader to your broker’s suite of software products.
Forex Consulting – FX Broker Software Expertise & Analysis
Our mission at Forex Consulting is to provide a comprehensive overview of the major types of software in the online forex & CFD space. In addition, we also share our thoughts and analysis on all aspects of the industry, from FX broker technology all the way to guidance on licensing, banking and payments.
If you have any questions about cTrader, or the best forex trading software for launching a new brokerage, don’t hesitate to contact one of experienced consultants today. We look forward to hearing from you!