Forex brokers face a tough choice when considering what trading platform to offer to its customers. A startup brokerage house will have two options: either building a new trading platform on its own, or use one that is already available.
The first option is an expensive one, and it should be considered only after the broker has a solid customer base. Therefore, the logical step is to use a trading platform like the mt4, or the metatrader 4 trading platform, with all the advantages that come with it.
The main reasons why brokers use the mt4 platform is because traders already know how to use it. Moreover, if a trader is moving from a broker to another one and opens a trading account based on the mt4 trading platform, the old analysis, profiles and setups can be imported to the new broker as well as platforms are the same.
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