Set SL/TP Pre-Execution: Set Stop Loss and Take Profit orders while opening a new trade
0.01 (Micro) Lots: Trade more precise lot sizes for tighter risk management
Partially Close Positions: Control when and how much of a position you want to close.
| Feature | Details |
|---|---|
| Default Lot Size | 0.01 Micro Lots |
| Hedging Available | Yes |
| Max Deviation | Available |
| SL/TP Pre-Execution | Yes |
When you trade on Friedberg Direct's MT4 platform, the execution, trading features, and settings may vary from that on Trading Station platform.
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Metatrader 4, also known as MT4, is a software trading platform that affords users the ability to engage the world's most prominent financial markets. MT4 was officially released to the public by MetaQuotes Software on July 1, 2005. Popularity of the platform grew rapidly, and by April 2013, MT4 boasted one million users worldwide.
MetaTrader 4 offers robust functionality for active trading and advanced market analytics. Its software package provides numerous unique order options, tools for technical analysis, custom indicators and trade automation. Through the development and implementation of cutting-edge technologies, MT4 is able to provide a sophisticated suite of features:
MT4 Trading System: Conducting trading operations based upon strategies of any complexity is supported by MT4. Three types of order execution make entering the market instantly or at a specific time possible. Profit target, stop loss and trailing stop functions are available in order to actively manage an open position in the market.
Analytics: Interactive charts and a wide variety of indicators are accessible. MT4 contains a technical analysis package comprised of 30 built-in indicators and more than 2,000 free custom indicators, as well as 700 indicators that are for purchase.
MetaTrader Market: The MT4 market provides users with the largest selection of trading applications in the world. More than 1,700 trading robots and 2,100 technical indicators are available for purchase.
Automated Trading: Fully customisable algorithms can be developed for trade automation using the Integrated Development Environment (IDE) and MQL4 programming language.
Mobile Trading: MT4 is available on Android smartphones and tablets.
Alerts and News: MT4 provides a live news feed, as well as programmable alerts to keep users aware of changing market conditions.
Extensive Support: MT4 is available in 38 languages and offered by more than 750 brokerages. Supported instruments include CFDs, futures and forex. Traders and investors from around the globe are able to utilise its sophisticated functionality through web-based, downloadable or mobile application.
MT4: Accounts on the MetaTrader 4 platform have maximum account equity restrictions. Contact Friedberg Direct for details.
MT4 Order Sizes: Friedberg Direct MetaTrader 4 allows for order sizes up to 50 million per trade. Traders have the ability to trade incremental sizes (multiple orders of 50 million for the same pair).
The MT4 platform does not allow Friedberg Direct to include commissions in pre-trade margin calculations on client's pending orders. This means that if you place a trade with a small amount of available usable margin under the MT4 account, there is a risk that the execution of the orders could trigger immediate margin call right after the execution as the commission charges can result in insufficient margin to maintain your open positions. You should therefore ensure that you have reserved sufficient buffer usable margin before opening new trades.
MT4 Friedberg Direct Independency: Friedberg Direct is an independent legal entity and is not affiliated with MetaQuotes Software Corp. ("MT4"). MT4 is not owned, controlled, or operated by Friedberg Direct. Therefore, Friedberg Direct does not make any warranties regarding any MT4 product or service and has not reviewed or verified any performance results that may be presented and/or described on this website in relation to MT4.
MT4 Quote Throttling: Please note that MT4 has an inherent limitation on maximum numbers of quotes processing within a short period of time (i.e. per second). The potential exists for variations in pricing displayed between servers. These differences do not have an impact on prices available for execution but can impact the prices used to trigger resting orders. During volatile market situation, there is a risk of potential latency of price quotes which may result in delays in order execution.
MT4 Mobile and MT4 Web are platforms created and supported by MetaQuotes Software Corp. Contact support@metaquotes.net for support. Friedberg Direct is an independent legal entity and is not affiliated with MetaQuotes®. Metaquotes® is not owned, controlled, or operated by Friedberg Direct.
VPS Risk Disclosure: VPS services are provided by third parties. These third parties are not owned, controlled or operated by Friedberg Direct. As such, Friedberg Direct does not make any warranties regarding the services provided by the third parties. Clients are not required to sign up with the third parties Friedberg Direct offers discounts for. Instead clients are encouraged to find a VPS provider that best meets their needs. Additionally, there are significant risks and limitations involved with using VPS services. Prospective users are further encouraged to carefully examine and assess the risks and the limitations prior to use. These terms are subject to change at the sole discretion of Friedberg Direct.
Mobile Trademarks: iPhone, iTunes and iPad are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android and Google Play are trademarks of Google LLC.
Order Execution Only
Order Execution Only
Regulatory Documents:
IIROC Brochure: How Can I Get My Money Back, How IIROC Protects Investors, IIROC Complaints Brochure, CIPF Brochure, CIPF Coverage Policy, IIROC Order Execution Only Bulletin, Conflict Disclosure Statement, Covid-19 and Cyber Security - Tips for Investors, Relationship Disclosure Information Document
The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC). Friedberg customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca.
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