- Published: 05 May 2014
- Written by Editor
By Rob Booker - Forex Magnates
MT4 is a monster. It’s a powerhouse. It’s not the best technology. It’s not the easiest to use out of the box. But it’s the leader, and when you are the leader, you just keep getting bigger. An axiom about competition is that once you are a leader, your very leadership position reinforces the position itself. MT4′s popularity outweighs its clunkiness.
When I worked at a broker, I was in a management meeting where the CEO unveiled plans to launch a new trading platform. It was smooth. It could run on Macs, PCs, and Linux. It could load apps. This was all the way back in 2008. It never got off the ground. MT4 was just too popular.MT4 is stable and supported by a large network of developers. It’s supported by a large number of brokers. It is indisputably the leader for forex trading. It’s not going away.
