Forex MetaTrader in the UK
Exchange (Forex) market investors are familiar with the MetaTrader trading
platform and the many benefits that the software brings to investors in the
market. It is the most commonly used Forex trading platform because it is very
powerful yet intuitive and easy to use even for novice investors. At its base,
the MetaTrader platform provides an efficient way for investors to access
important Forex market information that would otherwise be available on
authoritative financial sites such as Bloomberg
The platform also serves as a link between the investor and a Forex broker to execute
trades in the Forex market. MetaTrader 4 is highly regarded as the standard
Forex trading platform because of the excellent charting capabilities it offers
to users and its user-friendly interface.
Forex investors gain access to the currency
markets through the services of a Forex broker. Each Forex currency trading company
in the UK has their own specialized set of rules and principles which investors
are subject to when completing transactions through the broker. Many Forex
brokers update and customize the MetaTrader application software to create
their own unique trading platforms that incorporate these rules and principles
while also offering enhanced functionality for clients.
Broker-Specific Trading Rules
In order to
ensure that the trading platform provides the best experience for investors,
the MetaTrader platform includes a number of features. Examples of these
- One-click trading capabilities
– the convenience of executing trades with one click from different screens
within the MetaTrader platform, including directly from a chart.
- Straight Through Processing –
allows trades to be completed electronically and eliminates the need for manual
intervention. This means that trades are executed directly through to the
market and do not pass through a dealer.
- No requotes – some brokers
subject investors to the possibility of requotes and other brokers have a "no requote”
policy. Requotes happen when the price at which an investor executes a trade is
different than the price the broker gives for the trade. This is typically due
to a delay in the trade and shifts in the market. A no requote policy ensures
accuracy for investors executing trades in real time. Lower spreads are
sometimes possible with brokers who subject investors to requotes.
- Binary Options trading
Investors have the freedom to look for a
broker that provides the best MetaTrader platform for their specific trading
Convenient Trading Platforms
MetaTrader platform is an application that is installed on a PC. Many brokers
provide options for the platform to be installed on a Mac as well.
The top Forex
brokers in the UK are taking advantage of the latest technologies to offer
clients additional ways to access their accounts. This includes web-based platforms
that can be accessed by a web browser from any computer or tablet. It may also
include different mobile solutions that allow clients to access market
information and trade directly from a mobile device.
With the large number of Forex broker
options available to investors in the UK, it is important to take advantage of
demo Forex accounts to ensure that a particular broker’s products and services
are right for you. Take the time to find the best Forex MetaTrader UK solution
for your unique trading needs and ensure the most satisfying Forex trading