MetaTrader 4 (MT4) is widely regarded as the gold standard among trading platforms, particularly for forex and a range of other financial instruments like CFDs, futures, indices, commodities, and cryptocurrencies. It offers a wide range of technical analysis tools, including a library of indicators and drawing tools, supporting various financial instruments and trading strategies. A key feature is its automated trading capabilities through Expert Advisors, allowing traders to automate their strategies, removing emotional biases and facilitating round-the-clock trading. Its ability to support algorithmic trading allows prop firms to execute complex, automated trading strategies efficiently. They are available through over 750 brokers and banks, servicing millions of traders. However, MT4 does have some drawbacks, such as the lack of comprehensive historical data for backtesting, and suboptimal execution speed for high-frequency trading. Here is a list of prop firms that offer trading via the MT4 platform:
