Don forex mt4 5

MQL4TA Spread Indicator for MT4/MT5.

Trading with a low spread is often a requirement if you want your strategy to be successful. Do not forget that the spread is the main cost associated to your transactions, and reducing that cost means increasing the profit. MetaTrader has some ways to show you the spread, but we offer here another indicator to show it on the chart. Below, you will find the free MQL4TA Spread Indicator for MetaTrader.

What Is Spread?

A spread, mathematically, is the difference between the Ask price and the Bid price. So, it is the difference between the price someone is willing to sell an asset and the price someone else is willing to buy the asset.

If you are a broker, the spread is your profit, because you are charging the spread to your customer.

If you are a trader, the spread is a cost, it is the cost you pay the broker to execute a trade.

Assume the following example: EUR/USD currently has and ; the spread in this case is 0.00014, which is 14 points, or in other words 1.4 pips.

If you are to buy and then immediately sell EUR/USD, you would buy at 1.12660 and sell at 1.12646, losing 1.4 pips. This is a cost that you pay to your broker.

Nowadays, thanks to computerized systems and competition in the market, you can find very low spreads.

Some brokers offer zero spread accounts, where instead of a spread you can pay a fixed commission.

As a trader, you usually want to minimize your costs — trading at low spreads can make the difference between a losing and winning strategy in some cases.

Here, we will see how MetaTrader shows the spread and how the MQL4TA Spread Indicator for MetaTrader can make things easier for you.

Spread in MetaTrader.

MetaTrader platform (both MT4 and MT5) can show you the spread for its pairs and instruments in the Market Watch panel. This is an option that should be enabled manually.

To enable the spread display in Market Watch , right-click the header and tick the Spread entry in the menu.

The result is the following, where you can see the spread in pipettes in the last column:

Spread Indicator for MT4 and MT5.

In many cases it is easier to watch the spread directly on the chart and expressed in pips. For this purpose, you can use the MQL4TA Spread Indicator for MetaTrader presented below.

The spread indicator works on MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

The spread indicator has the following features:

Spread in pips in a minimal window. Details about the current instrument in an extended window. Spread value in your account currency, given a default position size. Alert via email, mobile app or on screen when the spread goes above or below a set value.

The minimal window is very basic and only shows the spread in pips:

The extended window includes also details about the trading asset:

Why Use MetaTrader Spread Indicator?

So when is the spread indicator useful? If you are trading targeting big moves in the market you probably don't care about spreads much and can skip this indicator.

Assume that the spread is 2 pips and you are targeting a move greater than 300 pips. In this case, the spread accounts for less the 1% of the trade so it can likely be ignored.

If you are a scalper or if you trade aiming at only few pips of profit, then spreads cannot be ignored.

The spread is the main cost when it comes to trades, so in many situations you want to trade when the spread is low.

MQL4TA Spread Indicator for MetaTrader allows you to keep the spread monitored, so that you can avoid trading when the spread is too high.

Download Spread Indicator for MetaTrader.

How to Download MT4 Spread Indicator?

You can download for free MT4 Spread Indicator with the link below and install it by following the provided instructions.

The installation is very easy to perform, so is the use.

Once you run the indicator, you can set whether you want to see a minimal window or an extended interface via its input parameters.

MT4 Indicator Installation Instructions.

To install the MT4 Spread Indicator, please follow the instructions below:

Download the indicator archive file. Open the MetaTrader 4 data folder (via File→Open Data Folder ). Open the MQL4 Folder. Copy all the folders from the archive directly to the MQL4 folder. Restart MetaTrader 4 or refresh the indicators list by right-clicking the Navigator subwindow of the platform and choosing Refresh .

For a more detailed instruction on how to perform the installation and a tutorial video please visit this page.

How to Download MT5 Spread Indicator?

You can download the indicator for free using the link below and install it by following the provided instructions.

MT5 Indicator Installation Instructions.

To install the MT5 Spread Indicator, please follow the instructions below:

Download the indicator archive file. Open the MetaTrader 5 data folder (via File→Open Data Folder ). Open the MQL5 Folder. Copy all the folders from the archive directly to the MQL5 folder. Restart MetaTrader 5 or refresh the indicators list by right-clicking the Navigator subwindow of the platform and choosing Refresh .

For detailed instructions on how to setup the alerts in MetaTrader please refer to our guide on notifications in MT4/MT5..


Here, you not only learned about the spread and how to see it in MetaTrader platform, buy also discovered an alternative spread indicator for MT4 and MT5.

You can open a trading account with any of the MT4 Forex brokers to freely use the presented here indicator for MetaTrader 4. If you want to use an MT5 version of the indicator presented here, you would need to open an account with a broker that offers MetaTrader 5.

Don forex mt4 4

Best MT4 US Forex Broker.

Few forex brokers regulated by the NFA or CFTC offer the MetaTrader 4 forex trading platform or forex trading. However, there are a few. We review the best forex brokers with MT4 for US traders to trade spot FX with a leverage of 1:50.

Written by Justin Grossbard.

Written by Justin Grossbard Co Founder.

With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in 2014. He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally. Justin achieved Honours in Commerce and has a Master's degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees.

Edited by Laura Wolfe.

Edited by Laura Wolfe.

Laura is a freelance content writer focused on financial and legal technology, decentralized finance, cryptocurrency and related topics. Prior to beginning her writing career, she worked as an international disputes lawyer specializing in finance and construction cases in Paris, New York and Dubai. She holds degrees in law from Queen Mary University of London in Paris (LLM) and New York University School of Law (JD), as well as assorted other diplomas in Literature, French and Philosophy from New York University (MA) and the University of Georgia - Athens (BA Hons).

Reviewed by Riley Adams.

Reviewed by Riley Adams Senior Trading Editor.

As a Senior Financial Analyst for Alphabet with an active CPA, Riley has a vast amount of financial knowledge. He has a Master's Degree in economics at Penn State University and a B.A. & B.S., Economics at the Centenary College of Louisiana. He also owns the website Young and the Invested providing investing advice for young individuals.

Each month we update average spreads data published by the brokers the retail brokers lose %

We double-check broker fee details each month which is made possible through partner paid advertising. Learn more this here.

Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.

US Forex Brokers MT4 List.

Our January 2023 Best MetaTrader 4 USA brokers are.

OANDA - Best MT4 Forex Broker For US Traders IG US - Great For New Traders - Has Low Trading Costs.

Our Rating.

Forex specialist in USA.

Choice of trading platforms.

Guaranteed stop loss orders.

Regulations and Licenses.



EUR/USD Standard Spread.

Commissions (USD Base)

Minimum Deposit.

Swap Free Account.

No Inactivity Fees.

Funding Methods.

No Funding Fees.

Markets and Instruments.

Currency Pairs.

Cryptocurrency CFDs*

Index CFDs.

Share CFDs.

Commodities CFD.


Retail Max. Leverage (USA)

Major Pairs 50:1 Minor Pairs 33:1.

Spot 50:1 Futures 6.25:1.

Major Pairs 50:1 Minor Pairs 20:1.

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations *CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools.

MetaTrader 4 (MT4)

MetaTrader 5 (MT5)


Proprietary Platform.

Automated Trading.

Social + Copy Trading.

MetaTrader 4 only.

Standard Stop Loss.

Guaranteed Stop Loss.

Demo Account.


Our Rating.

Broker Official Site Our Rating Regulation EUR/USD Spread GBP/USD Spread AUD/USD Spread MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage Visit Broker > 8.83 NFA, CFTC IIROC - - - 120ms $0 68+ (Spot) - 50:1 100:1 Visit Broker > 7.28 NFA, CFTC FCA, IIROC - - - 160ms $100 55+ (Spot) - 50:1 50:1 Visit Broker > 8.23 NFA, CFTC FCA, ASIC - - - 130ms $450 80+ (Spot) - 50:1 50:1.

Developed and released by Metaquotes Software Corp. in 2005, MetaTrader 4 (or MT4) is widely considered to be the gold standard when it comes to forex trading platforms. With 33 technical indicators (plus 200 customer indicators), 24 drawing tools, 9 timeframes and automation with Expert Advisors, MT4 has no shortage of trading tools. This page looks at the best brokers MT4 brokers in the USA.

OANDA Is the Best MT4 Broker for US Traders.

OANDA is one of the industry leaders for forex trading, with over 25 years in business and a sizable international presence. As of this writing, this top broker has offices in Singapore, Australia, Japan, the UK, Germany, Poland, Malta and Canada.

We consider OANDA the best MT4 broker for US traders based on both the overall trading experience and the commitment to providing MT4 traders with the platform integrations and add-ons necessary to create a truly custom trading environment.

Key Strengths.

Platform features Spreads and trade execution Competitive trading costs.

OANDA’s MetaTrader 4 Features.

While OANDA’s home-grown web, mobile and desktop trading platforms are nothing to sniff at, this top forex broker stands out for the range and variety of trading tools it provides traders to enhance the MT4 trading experience.

OANDA offers MetaTrader 4 users access to a number of powerful enhancements, including additional technical indicators and Expert Advisors (EAs).

Specifically, US forex traders benefit from:

Depth of market pricing and spreads as low as 0.6 pips on typical EUR/USD order sizes. The smaller the order size, the tighter the spread. This functionality is available through the OANDA MT4 premium upgrade with the mini terminal; Access to OANDA’s suite of technical analysis packages as a plug-in to MetaTrader 4. This allows clients to execute trades directly from the interface, use intraday market scanning tools, and set up automated alerts for specified patterns; Access to MT4 open order indicator. With it, traders will view aggregate current buy and sell orders placed by OANDA clients for a better assessment of market sentiment; Ability to develop, optimize and use automated trading strategies with the help of MQL4; Fast order execution with no dealing desk intervention and no re-quotes; Good mobile trading options – access to 32 overlay indicators, 11 drawing tools and 9 chart types with OANDA’s mobile apps for iOS and Android devices.

OANDA’s MT4 Customer Support.

OANDA’s award-winning customer support team stands ready 24 hours a day, seven days a week, to assist MT4 traders. Because OANDA customer support representatives are, themselves, traders, the team provides more comprehensive and nuanced solutions to difficulties account holders may encounter navigating the platform.

OANDA’s MT4 Execution Speed.

OANDA uses price improvement technology to give forex traders using MT4 an advantage in the market. These systems review high volumes of trade data second by second to guarantee ultra-fast and intelligent routing for optimal prices and low slippage.

OANDA Trading Accounts.

American forex traders have the option of two account types with OANDA, both of which execute trades through a dealing desk with the broker acting as a market maker.

Our take: beginner traders may prefer the predictability of a Spread Only account, while scalpers and algorithmic traders may find the Core Pricing account easier on the wallet.

Spread Only Pricing. Variable spreads start at 0.6 pips, and traders pay no commission on round-turn trades of a standard lot. Core Pricing. Traders pay a commission of USD 10.00 per round-turn trade of a standard lot, but enjoy tighter variable spreads that start as low as 0.1 pips.

OANDA Minimum Deposits and Funding.

OANDA makes the process of opening and funding a live trading account cost-effective and straightforward.

OANDA does not require a minimum deposit to open an account, and allows American account holders to fund their accounts via debit card, ACH transfer and wire transfer. Regardless of how the account receives funds, OANDA charge account holders no fees for deposits or withdrawals.

OANDA Trading Products.

American forex traders will find everything they need in OANDA’s selection of currency pairs.

In addition to ten major pairs, the broker offers 58 minor, exotic and cross pairs for a total of 68 currency combinations for trading.

EUR, GBP, USD, JPY, NZD, AUD and CHF are among the major currency pairs available through OANDA.

OANDA: Our Verdict.

Above-average execution speeds, an impressive array of extras and premium features and low spreads for MT4 users make OANDA the logical choice for US forex traders committed to the MetaTrader family of platforms. For this reason we consider OANDA the best US forex broker to trade forex.

Our Rating.

The overall rating is based on review by our experts.



Trading Platform.

Risk Management.

Range of Markets.

Customer Service.

IG Is Great for New Traders.

IG US (Sometimes known as IG Markets US) is part of IG Group, a global financial services provider established in 1974, publicly traded, and listed on the London Stock Exchange (LSE).

IG US cater to the needs of many traders, from beginner traders looking to test the waters before jumping into live trading, to the active trader seeking to gain access to a wide selection of currency pairs and other financial markets with lower trading costs.

Key Strengths:

Excellent educational tools and trading supports Extensive research tools and trading strategy ideas Great proprietary trading platforms.

IG Trading Accounts and Products.

IG uses a market maker trading model, which means spreads are wider than ECN brokerages. While the spreads are wider, this does not mean they are more expensive on the Forex spreads front since commission costs are included in the spread as your trading fee.

You can choose from a range of currencies as your account currency. And, while there is no minimum deposit requirement, there is an inactivity fee of $12 if you don’t make a trade in 24 months.

IG’s spreads are some of the best available in US markets and there is a large range of currency pairs one can choose from when trading.

There are 87 major, minor and exotic Forex pairs available to trade. These pairs are divided into the following categories – Major, Minor, Exotics, Australian, Scandinavian and Emerging. So chances are IG US has the forex pair you are looking for.

IG Trading Platforms.

In addition to MetaTrader 4, IG offers account holders the option to trade using the broker’s award-winning proprietary platforms and ProRealTime.

Developed based on decades of experience with retail trading, the IG trading platform includes 32 indicators, 20 drawing tools and advanced market research. ProRealTime, is charting software for traders wanting extra technical analysis tools and the ability to automate trading.

While the IG encourage you to use their proprietary trading platform, using MT4 does provide some advantages. These include the ability to automate your trade through Expert Advisors and create custom indicators.

MT4 Features and Trader Benefits.

With IG US, USA-based Forex traders can enjoy a plethora of benefits when using the MetaTrader 4 platform. The most important ones include:

Sound MQL4 environment for developing, optimizing and backtesting expert advisors; Free-of-charge access to 6 extra technical indicators (Order history indicator, Pivot points indicator, High-low indicator, Renko indicator, Chart group indicator, Freehand drawing indicator) and 12 additional trading tools (including Stealth orders, Correlation matrix, Sentiment trader, Candle countdown). Forex traders can also download thousands of other indicators from inside the platform; Access to the powerful Autochartist pattern-recognition tool; Rich chart customization options that may suit clients’ individual trading needs; MT4 mobile apps (you can view the full list of the best forex trading apps in the US Access to MT4 WebTrader through all popular web browsers.

MT4 Demo Account.

IG US’s MetaTrader 4 Demo is great for beginner traders as it allows one to test with the same layout as the live version using $10,000 in virtual funds instead of their own. The demo can be very handy to test a particular strategy or get the feel of the broker’s platform features in a risk-free environment.

US clients will also be able to access the 18 additional technical indicators and trading tools, which IG offers on the live MT4 platform version.

Just note that there are certain differences between the live retail investor accounts and the demo account, which are as follows:

Demo trades are not subject to slippage, interest, and dividend adjustments; Demo trades will not be closed if clients do not have sufficient account balance to cover margin and running losses.

IG US: Our Verdict.

Overall, IG US LLC is ranked as one of the best MetaTrader 4 FX brokers in the USA. In terms of trading costs, IG claims its EUR/USD spread is 20% lower than the competition, which is hard to beat. Last, IG clients can access an additional 12 add-ons that don’t come with the standard MetaTrader 4. Has Low Trading Costs.

Established in 2001, is a trading name of GAIN Capital Holdings, an entity that NASDAQ-listed StoneX Group gained in February 2022. This broker is among our best Forex brokers that offer online trading services to US residents for its excellent range of tradable assets on the MetaTrader 4 platform.

Key Strengths:

Sophisticated technical trading tools Great variety of currency pairs Fast trade execution. Trading Accounts and Products. only offers one account type to traders using MetaTrader 4. This account is a standard account. uses a market maker model, meaning commission costs are included as part of the spread.

To use this account, recommends a starting minimum deposit of $1,000, though this is not an actual requirement.

Note: There is a commission account and STP Pro account, but these are not available with MetaTrader 4 platform.

US traders can access 84 major, minor and exotic spot currency pairs on the brokerage’s MetaTrader 4 platform. Like all brokers on this list, max leverage for retail clients is capped at 1:50 as per CFTC rules.

Spreads are variable and start from 0.5 pips on major Forex pairs, such as EUR/USD and there will be no trading commissions charged.

US traders can also have peace of mind with’s reliable order execution (99.99% fill rate of less than 1s) and can access the popular TradingView charting program for free. Trading Platforms. don’t limit the trading platforms you can choose to MT4, they also have their own trading platform and Ninja Trader. does offer a number of handy features such as 80 charts technical indicators and drawing tools through the TradingVIew engine. It also has Smart Signals which make recommendations on when to trade and a trading coach in Performance Analytics.

Ninja Trader allows automated trading with no code. It also comes with market analysis tools and advanced trade management to help with your trading orders.

While there are compelling reasons to choose one of the other trading platforms, MT4 is a worthy option.

MT4 Features and Trader Benefits.

US clients can get the full benefit out of’s MetaTrader 4 forex trading platform. The MT4 platform is available for PC, web browser and mobile MT4 (iOS and Android compatibility). Besides the standard MT4 features, clients can access additional third-party Expert Advisors (EAs) and technical indicators.

There are nine different EAs, including an alarm Manager and a Correlation Matrix plus 15 technical indicators like Candle Countdown or Chart-in-chart tool all powered by FX Blue. If algo trading interests you then we recommend comparing the best-automated trading software page.

Active traders that generate a minimum of 500k in notional trading volume per month can access free VPS hosting solutions to run EAs uninterruptedly. Our Verdict.

Overall, offers a comprehensive list of forex pairs that no other US MT4 broker can match. By comparison, OANDA offers roughly 70 FX pairs, IG 80 FX pairs and only 38 FX pairs with ATC Brokers.

Regulator Country IG Oanda ATC Financial Conduct Authority (FCA) United Kingdom ✔ ✔ ✔ ✔ Australia Securities Investment Commission (ASIC) Australia ✔ ✔ ✔ Cyprus Securities exchange commission (CySEC) Cyprus / Europe ✔ Monetary Authority Singapore (MAS) Singapore ✔ ✔ ✔ Financial Sector Conduct Authority (FSCA) South Africa ✔ Federal Financial Supervisory Authority (BaFin) Germany / Europe ✔ Swiss Financial Market Supervisory Authority (FINMA) Switzerland / Europe ✔ Financial Markets Authority (FMA) New Zealand ✔ the Financial Services Agency (FSA) Seychelles The Cayman Islands Monetary Authority (CIMA) Cayman Islands ✔ ✔ The Investment Industry Regulatory Organization of Canada Canada (IIROC) Canada ✔ The Malta Financial Services Authority (MFSA) Malta / Europe ✔ British Virgin Island Financial Services Commission (BVIFSC) British Virgin Islands ✔ Financial Services Agency (FSA) in Japan Japan ✔ ✔

MetaTrader 4 In The US.

MetaTrader 4 (or MT4 for short) is a trading platform that allows you to buy and sell a wide range of assets and derivative products such as forex, stocks, indices and ETFs, cryptocurrencies and commodities such as gold, silver and energies. Since Contracts for difference (CFD) trading is not permitted by the derivatives regulators of the United States, the NFA and CFTC, MT4 is not well known in the US.

This might come as a surprise to US readers, as MT4 is the world’s most popular trading platform for retail traders and is a common option for brokers to offer their clients throughout the rest of the world. Although CFD trading is not permitted in the US, there are still a few brokers regulated by NFA and CFTC that offer MT4 for trading. The difference is that you will trade using Spot prices, not CFD prices.

Spot trading involves buying or selling derivatives such as forex at a current rate. This means there is a direct exchange of the derivative. CFDs products replicate the movements of the underlying asset. Instead of an exchange of the asset, you receive a contract which is like a representation of its value.

If you really want to trade financial instruments in the USA, this is your best option. Fortunately, MetaTrader 4 is a suitable platform for certain derivatives such as forex, gold, silver and several other commodities.

Key Features Of MT4.

MT4 was developed by MetaQuotes Software Corp in 2000 and has since become the platform offered by more than any other broker and used by traders. This is especially true with forex trading as the platform was designed for decentralized products that don’t require a central exchange.

There are several reasons MT4 is so popular and reasons include:

More brokers offer this platform to their clients than any other platform, and more traders use this platform (though MetaTrader 5 is catching up). MT4 is free to download and use by traders It is one of the oldest trading platforms, so has earned a reputation as a reliable and trustworthy trading platform free from defects You can use MT4 on Windows and macOS, any web platform (via WebTrader) and mobile or tablet devices for Android and iPhone. It offers all the essential tools one needs for successful trading with a user-friendly interface You can trade a variety of asset classes.

Point 5 invites more details since one would want to know what the platform offers.

MT4 Feature MT4 Feature Description ��️ Speed Lightning-fast institutional speed to reduce risks of slippage �� Analysis Tools 30 inbuilt technical indicators, 24 graphical objects �� Real-Time Charts 9 timeframes inc. 1, 5, 10, 15, 30 minutes, 1, 4 hours, 1 day, 1 month, custom timeframes �� One-click Trading Allows you to execute trades with one click, perfect for scalper and day trader �� Market Orders 4 Pending order types (buy stop, buy limit, sell limit, sell stop). 2 stop orders + trailing stop ��️ 3 Execution Modes Instance execution, Execution on request, Execution by markets �� Trading Automation Expert Advisors with MQL4 IDE (programming) and a library of signal to plus in �� Backtesting 32 bit, single-threaded strategy tester �� MetaTrader Marketplace Access 1700 trading robots (EAs) and 2100 technical indicators �� News Updates MT4 terminal to receive the latest news and events �� Copy Trading Trading signals to automatically copy other traders in real-time.

The sum of all these features contributes to why many consider MetaTrader 4 among the best platforms on the market and explain its enduring popularity.

As part of this page, we look at the best trading brokers regulated by National Futures Association (NFA) or Commodity Futures Trading Commissions (CFTC) that offer the MT4 platform.

Brokers chosen for this page.

The brokers chosen for this page are all the online brokers we are aware of that offer trading on the foreign exchange market with the MT4 trading platform.

There are other brokers offering forex trading services to the US Market that don’t have MT4. These include td AmeriTrade, (who offer MetaTrader 5 (MT5),, eToro (who don’t offer forex but crypto and like bitcoin and stock trading functionality) and Interactive Brokers.


If you are trading leveraged products on the forex market in the US, the best broker you can choose is one regulated by National Futures Association (NFA) or Commodity Futures Trading Commissions (CFTC).

Being regulated by the NFA or CFTC means the broker can legally offer leveraged foreign exchange brokerage services for trading to US residents. It also means you as a trader have an element of protection as the broker must comply with the operating standard set by the regulator.

All brokers on this list are regulated by the NFA or CFTC. Some brokers might also be regulated by financial regulators of other jurisdictions such as ASIC in Australia, FCA in the UK however this is irrelevant to you as a US resident. Other regulators, you might see mentioned include CySEC for Cyprus (and European Union) and BaFin (Germany and EU) and FSA for Seychelles.


Due to the recent growth in the popularity of forex trading, unethical individuals and institutions may seek to profit from perceived regulatory loopholes. We advise all US forex traders, whether beginners or experienced investors, to partner only with regulated brokers fully licensed by the CFTC and the NFA. Even in one of the most tightly surveilled global markets, fraud can and does occur, and trading through a licensed forex broker can protect you against scams and market manipulation.

We should also note that leverage products are complex instruments that are associated with high risk because of the use of leverage. Retail traders need to fully understand how these instruments work before they trade them on a live account. For this reason, leverage is a tool best for professional traders.

All information on this page is general in nature only. We do not provide investment advice or trading advice.

About the author: Justin Grossbard.

With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in 2014. He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally. Justin achieved Honours in Commerce and has a Master's degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees.

Don forex mt4 3

MetaTrader 4 Review 2022: Fees, Services and More.

MetaTrader 4, also known as MT4, is an advanced trading platform that specializes in allowing users to create and automate complex trades. Owned by MetaQuotes Software, it also provides users with a wide range of market indicators to use when making their trades. It’s especially useful when it comes to contracts for differences and foreign exchange (forex) trading, but can be used for a variety of different markets. MetaTrader is free to download and use. If you’re interested in learning more about the advanced data that’s available through MT4, consider speaking with a financial advisor.

MetaTrader has been around since 2005, and is an incredibly popular trading platform. It was founded by MetaQuotes, a software company. As its name suggests, it has multiple versions, with MetaTrader 4 being the most common. While Metatrader 5 came out in 2010, most users stayed with MT4 instead. While it offers a wide range of features, it notably has no direct customer service.

MetaTrader 4 Overview Pros – Can automate trades based on your preferences – Free demo accounts available Cons – No direct customer support – Not great for high-frequency trading Best For – Forex traders – Experienced investors.

MetaTrader 4: Fees.

As mentioned above, a MetaTrader 4 demo account is free to download and use. Here, you’ll be able to test out the platform using virtual funds. However, launching a live account is a bit different. MetaTrader 4 makes money by selling software licenses to brokers whom users can partner with to open live accounts. So in order to open a live account, you’ll need to pick a brokerage and submit an application.

Once a brokerage accepts your application, they’ll send you a user ID and password so that you can start using the platform with your own money. The fee structure will thereafter depend on the brokerage you work with. They’ll determine the types of fees you’ll pay to use the platform, how much trades will cost and any other fees.

Keep in mind that MetaTrader 4 isn’t cheap for brokerages. Each license incurs an upfront fee of $100,000. Plus, each brokerage will need to pay thousands of dollars per month for other necessary services, like hosting, bridging and support. Brokerages may offer different features, so make sure you do your research before deciding on one.

MetaTrader 4: Services and Features.

MetaTrader 4 is a comprehensive trading platform, and there isn’t too much it doesn’t do. While seasoned traders will have an easier time taking advantage of all the platform has to offer, beginners should have a relatively easy time navigating the platform’s interface as well. Plus, while users won’t have access to live customer service, they’ll be able to use a wide variety of educational resources and tutorials to help them understand the platform in its entirety.

One of MetaTrader 4’s most useful features is the ability for customers to automate their trades by programming custom indicators in MT4’s proprietary coding language. The platform can run in over 30 different languages and gives you the option to copy the activity of other successful traders. While MT4 is well-known for being a forex trading platform, it can also be used for trades within other markets, such as options and futures.

MetaTrader 4 doesn’t offer in-person financial advisors or robo-advisor services. However, depending on the brokerage you choose to partner with to use MT4, you may have access to additional features, such as live advisor support.

MetaTrader 4: Online and Mobile Experience.

If you’re interested in using MetaTrader 4 on your desktop, you can download and run the software on any computer that runs Mac OS, Windows or Linux. You can also use MT4 on your Apple or Android mobile device by downloading the MetaTrader 4 app. However, in late September 2022 the app was pulled from Apple’s App Store. Though some internet chatter pegged the removal to the iOS-compliant app’s alleged link to Russia, the reason for the removal was not formally announced or confirmed. You should know that iOS devices need to be running iOS 9.0 or higher in order to run the software. The Android-compliant version, available on Google Play, has a rating that is higher than 4.5.

Both the app and desktop versions of the MetaTrader 4 software are relatively straightforward and easy to use. While it’s true that to take full advantage of some of the platform’s features you’ll need to work a bit, it’s still possible to use both relatively easily.

What’s the Catch?

MetaTrader 4 has most, if not all, of the bells and whistles that you’ll find on most other trading platforms. However, it’s not without its drawbacks. Firstly, a central complaint about MT4 is that trades don’t execute as fast as they do on some other platforms. If you need high-frequency trading and can’t afford to waste time, you may need to look elsewhere.

It’s also worth noting that while the interface is comprehensive, it can also be confusing to figure out how to take advantage of all features. This issue is compounded by the fact that you won’t have access to live customer support. Although the platform is free, you should make sure to partner with a brokerage that charges minimal fees.

How MetaTrader 4 Compares to Other Platforms.

When it comes to features, MetaTrader 4 stacks up pretty well against the competition. In fact, it provides most of the industry’s standard features. In addition, it boasts unique things like automatic trades through its coding language. If you compare it to say, Robinhood, MetaTrader 4 has far more going for it.

It’s difficult to compare MetaTrader 4 to other platforms when it comes to price, however. Although it is itself free to download and install, using it for real requires the opening of an account with a brokerage that has a license. In turn, fees may vary significantly based on which firm you choose to work with.

Brokerage Comparison Brokerage Firm Fees Minimum Best For MetaTrader 4 Varies Varies – Day traders – Anyone who wants to automate their trading processes E-Trade $0 for stocks, options and ETFs $0 – Frequent traders – Anyone who prefers strong customer service Merrill Edge $0 for stocks, options and ETFs $0 – Bank of America account holders.

Bottom Line.

MetaTrader 4 is famous for its strong trading tools that appeal to expert investors. While it’s free to download, you can’t actually invest your own money unless you open an account with a brokerage that offers MT4. Its easy-to-use interface in conjunction with its programmable trading features makes it a strong choice for investors.

Investing Tips.

If you prefer a more hands-off approach to investing, a financial advisor might be for you. Luckily, finding the right financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now. Just like any other financial venture, investing requires you to plan out what you want to do. As a starting point, SmartAsset’s investment calculator can help you figure out what kinds of returns you need to reach your short- and long-term goals.

Photo credit: CMC Markets,,

Don forex mt4 2

MetaTrader 4 Download (MT4)

Created back in 2005, the MT4 platform stands strong as the most widely used trading platform in the world. With an impressive range of applications, the platform allows traders to perform tasks that range from advanced analysis all the way to designing and testing automated expert advisors, or EAs for short!

Now, as you're reading our Ultimate Guide we're guessing that one of your first questions is, what is the MT4 trading platform? Well, it’s an electronic trading platform that enables retail traders to access online trading of foreign exchange and other assets. It’s original release back in 2002 by MetaQuotes (who’s HQ is across the road from Tickmill) signalled a change in the way that retail traders accessed online trading.

In this guide we're going to explore the ins and outs of the world's most popular platform. Now we know that all traders are different, so perhaps you’ve already got some experience of the platform. So, should you wish to navigate to a specific part of our guide, use the handy menu below to help find what you’re looking for!

What is a Forex Trading Platform? Trading with the MT4: Benefits and Functionality Benefits of Trading with MT4 brokers. How to Download Metatrader 4 What you’ll need before you can download MT4 Metatrader 4 Download for Widows PCs Metatrader 4 Download for Mac Metatrader 4 Mobile Apps Metatrader 4 for Android Metatrader 4 for iPhone (iOS) Opening a MT4 Account How to use Metatrader 4 How to set up Forex Indicators MT4 Opening an order Setting a stop-loss Setting a take-profit Closing an order The Basics of Charting on the MT4 Horizontal and Vertical Lines Trendlines Fibonacci Retracements Removing Graphical Tools How to set up notifications on the MT4 How to set up email notifications on the MT4 How to set up the News feed on MT4 How to set up an EA on the MT4.

Why trade with Tickmill's MetaTrader 4?

CFDs on Forex, Stock Indices, Commodities, Bonds and Cryptocurrencies. Execute your order with no partial fills, as a result of our huge depth of liquidity. EA trading facilities by using our VPS services. Advanced Technical Analysis, 50+ Indicators and customisable charting… In 39 languages. Trading Signals with an advanced notification system.

Available On:

What is a Forex Trading Platform?

When you’re about to embark on your trading journey you’ll likely ask yourself ‘what is a forex trading platform? Quite simply, it’s a software interface that your broker will provide to enable you to access the financial markets.

There’s actually a variety of different forex trading platforms and forex apps. They can be online, web-based, a standalone downloadable program or a combination of the three.

In some cases you’ll see that a broker offers you’re their own in-house fx trading platform. However, almost all brokers will give you the option to trade with the MT4, which is a forex trading software program used across the globe.

Standard forex trading platforms will provide you, as a user, access to charting capabilities with live market prices, which you’ll need to trade! Now, it’s important to mention that choosing a trading platform should always come down to your prefences as a trader. Most people use the MT4 because it has been tailored specifically to suit trader needs. But, you may choose your trading software based on the types of analysis you want to conduct, the volume or duration of your trades or even what kind of device you’ll be trading on!

Trading with the MT4: Benefits and Functionality.

MT4 trading comes with a huge range of benefits for retail traders. With extensive functionality available the benefits trickle into almost every aspect of trading.

In this section we’re going to be looking into some of the benefits that you’ll encounter while trading on the MT4:


One of MT4’s main features is its user-friendly interface. With a simple and easy download process it’s easy to begin MT4 trading in just a few clicks. You’re also able to find a wealth of information online as it stands as one of the most popular trading platforms available today.

Language Capabilities.

A key factor of the success of the platform is that it can be used by anyone in the world. What makes this all possible is the multi-language capabilities available for traders to engage in MT4 trading in their native language.


Thanks to the dynamic evolution of the platform, different instruments are added by brokers daily. Retail traders now have access to a huge range of CFDs ranging from Forex and Indices to Cryptocurrencies and Stocks on the trading platform. Although it is down to your broker to decide which instruments they’d prefer to offer to their clients, the trading platform is so versatile that adding new instruments is simple and straightforward; meaning you’re likely to have a wide range available.


One of the classic issues that traders encounter. While trading, you’ll likely encounter or even recall where you’ve decided to exit or enter a trade at a certain price however, the market moves during the time it takes to execute the order itself. So, that’ll result in you not receiving your desired entrance or exit point. Although this can be both negative and positive, the MT 4 can reduce the slippage that you’d encounter using a different trading platform! Thanks to its sensational stability and super-fast execution you actually get reduced slippage when compared to other platforms.

One-click trading.

This essentially allows you to execute a trade by literally clicking once. It’s super useful for scalpers that needs to execute many trades at speed and day-traders where once again speed is of the essence! Another huge benefit of the Metatrader 4 platform is that you have access to the MQL community where you can source programs to enable one-click or automated trading!


Super important for keeping on top of your trading, the alerts enabled for use when MT4 trading allow you to simply press CTRL+T and click on the ‘Alerts’ tab. You’ll then be able to activate this feature so you can select the instrument, the sound, the bid and ask price and anything else to help you monitor your trading effectively!

Analysis and Tools.

One of the most attractive things about the trading on MT4 is its functionality with regards to analysis. There are 30 in-built indicators which we’ll discuss in more depth later, and 24 graphical objects. Coupled with the ability to add your own custom indicators and charting tools, MT4 trading enables you to analyse the markets in a way that suits your trading strategy and style. You’ve also got a range of drawing tools at your fingertips including lines, channels, text and other visual elements. Many traders use these tools to identify key parameters for trading like support & resistance levels, entry, exit, stop-loss and take-profit points. Overall the huge range of tools available for MT4 trading enhances retail traders market analysis substantially. Additionally, traders are able to customize the appearance of the platform to their own taste or load presser templates.

Algorithmic Trading.

Automation is no problem when MT4 trading! Design and creation, enabled by the MetaQuotes Language 4 (MQL4) allow you to not only program and install your own expert advisors but also to install your own custom indicators. As you’re also able to customize any indicator in MQL4 and then upload it onto the MT4 platform the possibilities are endless. You’re even able to buy and sell expert advisors on the Metatrader Marketplace.

Trading on the Go.

As the trading landscape has evolved MetaQuotes became acutely aware that desktop options shouldn’t be the only option available to retail traders. With that in mind, the form developed multiple mobile platforms to ensure that you can trade and monitor your account while you’re away from your desktop! The mobile options are fully compatible with most Android and iOS mobile devices which not only give you full control of your account while on the move, but also enables you to keep up to date with evolving news and then adjust your trades accordingly.

Multi-Account Management.

The platform also boasts tools that benefit more seasoned traders and account managers. Professional traders are able to use the platform for managing multiple accounts at one time. For example, by using the MT4 MAM, professional traders are able to execute a number of trades in different accounts simultaneously. These MAM accounts also have all of the additional account management tools that retails traders benefit from; providing a comprehensive trading solution no matter the level of experience.


Brokers are able to use the platform to communicate directly with their clients, ensuring no messages are lost or important information is missed. All conducted in real-time it removes the need for long email communications which overall streamlines the trading experience.

Low Resource Requirement.

Hugely beneficial for those using complex programs or development tools, the MT4 platform itself requires very little to function at peak performance levels. It keeps disruption of your PC to a minimum ensuring that there’s no issues when you need to perform tasks at speed.


As we move through the digital era, online security has become of utmost importance to traders. Traders need to feel secure when they’re investing and be safe from attacks on their account. MT4 trading ensure this security as the platform encrypts data between the server and the trader with a 129-bit key while also completely hiding the IP of the trader.

Benefits of Trading with MT4 brokers.

As an independent platform, the simple fact that the MT4 has been adopted by most Forex brokers indicates how perfectly tailored it is to forex trading. This in itself is a huge benefit to forex traders across the globe as it allows them to make a seamless transfer from broker to broker should they wish to move.

If each individual broker had their own trading platform, it would be a far more daunting task to have to change brokers if you were unhappy with the services afforded to you! However, with the MT4 you can easily move to a different metatrader 4 broker without having to learn to use a whole new platform!

It’s also important to mention that with the adoption of MT4 by most brokers, you’re also able to expect a certain standard of execution. The Metatrader server should always ensure that you’ re execute trades effectively. So, should you be experiencing latency issues or speed problems then it will likely boil down to slow execution on your broker’s part as opposed to being an issue with the platform.

Following on from this reasoning, it should also come as no surprise that the platform has had exceptional investment into its functionality. As mostly all brokers have adopted the platform, it means that functionality improvement by Metatrader have had feedback from multiple places, making it the best possible platform it can be!

How to Download Metatrader 4.

Downloading the MT4 platform is a relatively straighttforward process. As a ‘Windows-based’ program it wasn’t always available to use on Mac operating systems. However, there’s now a multitude of ways to access the program with no limits to the devices you can use it on. Please find the download buttons located below so you can begin the process.

Available On:

What you'll need before.

Quite simply, you’ll need a device that you’ll be trading on and an internet connection ! Aside from these basic criteria, before you can actually start trading on the platform, you’ll also need a trading account . However, well go into more detail about that later in our guide.

Metatrader 4 Download for Windows PCs.

1. First of all, simply download the platform. A pop-up will appear asking if you’d like to run this file. As shown below, simply click ' Run '.

Your download will then begin. Once the download is complete you need to launch the installation by double-clicking the program setup.

2. A new pop-up will appear with a ' Welcome to Tickmill MT4 Terminal Setup !' message. Click ' next ' to be taken to the next screen.

3. You’ll see the download finish and will then be presented with a ' Congratulations! We are waiting for you ' screen, as shown below. Simply click finish and your MT4 platform is ready to go.

A shortcut will be created on your computer and the program should automatically launch once you’ve clicked finish. If it doesn’t automatically launch, simply double click on the shortcut created and the MT4 terminal will open. If you experience any issues, simply click here and send us an email . We’re more than happy to help!

Metatrader 4 Download for Mac.

The official MetaTrader 4 platform developed by MetaQuotesis available only for Windows and mobile devices. However, Tickmill values your comfort and is always willing to go the extra mile to provide you with the best tools for a hassle-free Forex trading experience. As the use of Apple products has sky-rocketed amongsttraders, we’vebuilt a native MetaTrader 4 Mac application to match your needs.

Whilst most brokers are just offering a plain installation guide, describing a time-consuming setup process of MT4 on Mac, Tickmill gives you the opportunity to kick-start with the world’s most popular currency trading platform. Delivered directly on your Mac, in a matter of seconds.

You’ll need to allow applications downloaded outside of the App Store , in order to successfully install the platform.

This is how to do it:

1. Before launching the MT4 for Mac, go to System Preferences by typing the respective command in your Spotlight search , located in the top right panel of your screen.

2. When in System Preferences , access Security & Privacy , then choose the ' General tab ' and allow apps downloaded from anywhere.

3. Also, make sure to unlock the ability to make changes. You can do this by clicking on the lock in the bottom corner by typing in your username and password .

4. The next step is to locate MT4 for Mac .dmg installer . Usually, all new downloads are placed in the Downloads folder .

Launch a . dmg installation file, and when the .dmg file is pressed, drag and drop Tickmill MT4 Mac application icon into the Applications folder . This will finalize the installation process.

Now your MetaTrader 4 is ready to be accessed from the Applications folde r . You can also quickly access your brand-new trading terminal by using Spotlight and typing in ' Tickmill MT4 Mac '.

Our MT4 for Mac software update is done automatically. This process runs simultaneously with a regular Windows version update. After each update the terminal shuts down without any notification – simply launch the application again and continue using the updated version.

To see your current version of MetaTrader 4 software, click on the Helptab , located in the top navigation panel, and select the About option, just as you would do in the MT4 for Windows.

Expert Advisors for Mac.

1. To install additional tools like Expert Advisors (EAs), custom indicators and scripts; open the Applications folder , right-click on the app icon and choose Show Package Contents .

2. Now you can see the entire content of the installation file. Double click on ' drive ' to get to the MetaTrader 4 structure , then go to Program Files -> MetaTrader 4 / MQL4 / Expert / Indicators , etc. and copy-paste the indicators in the respective folders.

Once this is complete, restart your MT4 for Mac and discover a new indicator in the respective MT4 EA’s panel .

If you ever wish to remove the software from your computer, this is done rather simply. In fact, the process is no different from removing any other application.

1. Firstly, locate the Applications folder in Finder . This can be done either by using Spotlight or going directly to the Applications folder by clicking on the Finder icon in the Dock .

2. When in the Applications folder , find the Tickmill MT4 Mac application, right-click on it and select the option ' Move To Trash ', then make a left click to confirm. After the app has been moved to trash , you can permanently delete it by navigating to the Trash and using the right click to execute the ' Empty Trash ' command. Removing the application from the Trash will leave no trace of Tickmill MT4 Mac on your computer.

Known Bugs and Issues.

Currently, there are no known issues with the Tickmill trading terminal for Mac. If you do experience any, please let us know by contacting our dedicated Support team, and we will solve it promptly.

Please note that we’ve personally tested the MT4 for Mac application and have not discovered any functionality issues that could make trading on the Mac OS terminal inferior to the Windows version. Nevertheless, trading with emulated applications is done at your own risk. We strongly suggest you first become familiar with the software functionality on a Demo account, and make sure that the application runs as intended on your Mac computer.

Metatrader 4 Mobile Apps.

The mobile applications that have been developed for the MT4 provide you with some of the most up-to-date functionality available to traders, directly on your mobile device. You can trade with interactive charts, a full set of trading orders, popular analytical tools and pretty much all the functionality available on the desktop version.By using the MT4 mobile app you can monitor your account, track your trades, open and close new ones all with a single click. There’s even the functionality for you to chat with other traders and set up notifications so you don’t miss an opportunity.

Metatrader 4 for Android.

Functionality has always been paramount to Metaquotes when developing their trading apps for mobile use. Their most recent updates were made to ensure that the trading experience has become even more comfortable by creating the ‘financial news line’ with only the must useful information for traders. They’ve also created a new system journal about terminal events including trade operations!

So, you’re able to trade with ease from the comfort of your android device!

Metatrader 4 for iPhone (iOS)

Just like the app developed for Android use, metaquotes has created the ability for iPhone users to trade on their MT4 with ease from the devices.

You’ve still got access to all types of trading orders, 50+ tools for technical analysis, chatting with other traders and push or audio notifications on your apple device! They’re aim being to enable continuous trading, wherever you are!

Opening a MT4 Account.

Opening a demo account on the MT4 is seamless. Simply click ' File ' followed by ' Open an Account '. You’re even offered to do this when you first start using the program after you’ve downloaded it.

The first step you’re going to come across is choosing the server you’re going to connect to. Now it’s important for us to mention at this stage that, when you register for a live account with your broker, they’ll email you these server details. So, should you be wondering what to input at this stage, check your email and open up the registration confirmation email sent to you by Tickmill.

However, there’s 3 different ways you can select a server from this menu and they’re easy to follow:

Write the Address and Port separated with a Colon like this: Write the domain name and Port Separated with a Colon like this: Just write in the name of your broker like this: Tickmill.

Once you’ve chosen the server, press ' Enter ' and to delete one, press ' Delete '. The picture below shows the screen you’ll see when selecting the server.

Next your be given the opportunity to select an account type . Here you can:

Enter an Existing Trade Account – simply input the login information that we’ve emailed to you. Select ' New Demo Account ' Select ' New Real Account '

Once you’ve made your decision, you’ll then need to input your personal details as shown in the image below.

Name – your full name. E-Mail – email address. Phone – contact telephone number. Account Type –selected your account type to be from the list, it’ll be a list of the ones offered by Tickmill or any other brokerage company you choose. Deposit – the amount of the initial deposit in terms of the basic currency. The minimum amount is 10 units of the specified currency. Currency – the basic currency of the deposit to be set automatically depending on the account type selected. Leverage – the ratio between the borrowed and owned funds for trading.

You’ll also need to tick the checkbox ' I agree to subscribe to your newsletters ' to proceed. Once you’ve input the information, click ' Next ' and finish up the registration process.

The next window you’ll see will be giving you the information about your open account. Once you’re done, your new account will appear in the navigation window! You’re now ready to go!

How to use Metatrader 4.

How to set up Forex Indicators MT4.

As you’ve probably gathered, using forex indicators on the MT4 has a huge range of benefits to traders. Aside from allowing you to analyse the markets effectively, depending on your strategy etc, traders get a much more in-depth understanding of the market itself. So, how can you set up forex indicators on the MT4?

Firstly, you should be aware that there are two types of indicators on the MT4 platform:

1. Built in MT4 indicators. 2. Custom MT4 indicators.

Now, built in indicators don’t need to be installed! As you go through the process of downloading the MT4 platform, you’ll see that these built in MT4 indicators are actually downloaded and installed at the same time! You can check the indicator directory in your navigation window located on the left-hand side of your terminal like the picture below:

However, the functionality range doesn’t stop there! You can also modify or even remove these built-in indicators. To do so, you’ll need to access the files within your PC.

1. Go to the 'File' tab and find 'Open Data Folder'. From here a new screen will open. 2. Within that screen, locate the 'MQL4' folder, open it and then you’ll see a file named 'Indicators'. 3. In the ‘Indicators’ folder you’ll then find the entire list of pre-installed MT4 indicators. Here you can make changes as you need. 4. It’s important to remember here that any changes you make will only work once you’ve restarted the MT4 platform.

Now you’re probably wondering what MQL4 (short for MetaQuotes Language 4) itself is. Well, this is the programming language used to develop trading robots, indicators, scripts and function libraries that can then be used on the MT4. Based on C++ which is a popular programming language in its own right, it enables the development of complex programming that conduct huge calculations at extensive speed. Due to this extensive functionality, mostly all Expert Advisors and Indicator parameters use MQL4.

It contains basic information which allows users to analyse current and historical data while also having in-built functions allowing you to manage trading orders. This means that it can carry out all of the necessary functions a trader can, meaning you can created a fully automated trading system!

Anyway, we digress. Back to more about MT4 indicators.

As we mentioned previously, there are also custom indicators available on the MT4. These indicators function differently as they’re far more specilised than the basic ones you already have with the MT4. Generally these indicators have been built by experiences traders or developers and will be used to perform a specific function rather than simply trend analysis etc.

The process of installing custom indicators however is not complex. We’ll go through the process below step by step:

1. Download and prepare the indicator that you would like to install on the MT4 . You can save them in a separate folder to make it easier to find. It’s also important to note that the file type will likely come in a .rar file (zipped) so you’ll need to extract it before you can conduct the installation. Once that is done the files will be .ex4 and .mq4 .

2. Open up your MT4 platform and click ' File ' at the top of the screen. You’ll then see the option to ' Open Data Folder ' which should give you access to the MT4 program’s system folders.

3. Open up the ' MQL4 ' folder followed by the ' Indicator ' subfolder.

4. Once you’ve located that folder you can simply drag and drop any custom indicator files right into the ' Indicators ' subfolder!

5. Now you’ll need to restart the MT4 platform . Once you’ve done so an then opened up the MT4 platform again, you should be able to see your new custom indicator in the navigation window directory!

Opening an order.

The first thing you’ll need to do is open the ' Order ' window. You can do this in a few different ways:

By selecting ' Tools ' where you’ll see ' New Order '. By clicking the button on the ' Standard ' toolbar By pressing F9 By selecting ' New Order ' when you click on the ' Market Watch ' window.

You’ll then see the order window open as shown in the examples below.

When you have the ‘Order’ window open you’ll notice that there is a part where you can select the 'type' of order that you want to open. At this point it is important for you to note that the MT4 enables you to open two different types of order: market and pending.

When you’re opening a market order you’ll need to select the symbol that you want to trade, the volume (amount of lots), the Stop Loss and the Take Profit (should you wish to use them). You can see what the window will look like for a market order below.

A Pending Order.

In contrast to a 'Market Order' a pending order is one that will open at the point that you specifiy. So, it’s not going directly to market. It’ll only be activated once the market has the specified conditions of the order.

For example, you’ll set the pending order to execute when the market reaches a certain price. Below you can see what the order window looks like when you’re ready to place a pending order.

1. To open a pending order you’ll first need to select it from the drop-down list .

2. Next, you’ll need to choose from the 4 following options :

Buy Limit.

Used for then you want to buy at lower than market price.

Sell Limit.

Used for when you want to sell at higher than market price.

Buy Stop.

Used for when you want to buy at higher than market price.

Sell Stop.

Used when you want to sell at lower than market price.

3. Enter the ' at price ' which is the price at which you want to execute the trade and the expiry , where if the order hasn’t been trigged by this time, it’ll be deleted automatically.

4. You next need to enter the size of the position you wish to open followed by the Stop Loss and Take Profit points.

5. Then you just need to press the ' Place ' button!

Settinga stop-loss.

Now we’ve reached the point in our guide where we’re starting to move into Risk Management. A key risk management tool is setting an effective stop loss on your trade. A stop loss is basically an order that you place with your broker to sell when your chosen instrument hits a certain price. This effectively ensures that you can only lose a certain amount when you open an order should the market move against you. However, the trade will close if the market moves too much in the opposite direction, even if it bounces back a little later.

Stop loss orders are of benefit to ensure that you’re going to stick to your trading strategy, and they’ll help you make sure that you don’t let emotion get in the way of your trading by holding out too long for a better price!

To set a stop loss on the MT4 you’ll first need to right click on the trade that you’d like to set a stop loss on, and then choose ' Modify or Delete Order '.

Complete the ' Stop Loss ' field with the price that you’d like to exit the market at and click ' Modify '. Finally, a box will appear and it’ll let you know that the changes you’ve made have been applied! Well done, you’ve just set your first stop loss!

Setting a take-profit.

Take Profit points, just like Stop Losses are risk management tools that you can use to automatically exit the market when your chosen trading instrument reaches your chosen price. The order will automatically be executed so that when you hit your take profit point, your order will be closed and you will ‘take the profit’ as you defined when you opened or modified your trade.

You’re able to modify your take-profit point when you’ve opened your trade and you’re monitoring the market. You can set a Take Profit in the exact same way as you set your Stop Loss! Right click on the trade that you’d like to set a Take Profits point on, and then choose ' Modify or Delete Order '.

Complete the ' Take Profit ' field with the price that you’d like to exit the market at and click ' Modify '. Finally, a box will appear and it’ll let you know that the changes you’ve made have been applied! Well done, you’ve just set your first Take Profit!

Closing an order.

The process of closing an order is simple. 1. On your 'Trade' tab, click the position you want to close. 2. You’ll see a new window pop up with the option to ' Close Order '. 3. Because you make have clicked by accident the MT4 will check that’s what you wanted to do. Simply confirm by clicking ' Close '.

The Basics of Charting on the MT4.

Charts, which are crucial to technical analysis, are used to predict the movement of price and identify tradeable trends. On the MT4, you can easily customize your price charts based on your own preferences.

1. Right-click on a price chart and choose Properties to customize it.

2. Here you will be able to edit the price chart’s appearance and color scheme .

3. You’re also able to click on the ' Common ' tab, where you can customise the chart’s scale and type ( Bar , Candlestick or Line ).

You can also do this by clicking on the corresponding button on the toolbar at the top of the screen.


Once you’ve edited the chart to your own preferences, you can save it as a template !

Click on the ' Template ' button on the toolbar and select ' Save Template '. Name it and click ' Save Template '.

At this point it’s important to note that you’ll be able to apply this template to any chart by clicking on the ' Template ' button and choosing it from the dropdown menu .

Horizontal and Vertical Lines.

When you’re conducting your technical analysis on the MT4 platform you may find the need to inset a horizontal of vertical trendline. They’re super useful if you’re going to be marking support and resistance levels! You need to set a point for these lines like so:

1. Click 'Insert' and then 'Lines' on the top menu of the MT4 platform.

2. A line will appear and then you’ll be able to move it to the place that you want it. It’s important to remember that you can only move an ' unlocked ' line . You’ll know it’s unlocked by the small box visible next to the price on the price axis of the chart.

3. Now if you want to jazz up your horizontal line you can edit its properties by right clicking on the line itself and selecting ' Horizontal line properties '.

Here you can change the colour , thickness and even add a description for your own reference later!

Please note that this functionality works for both horizontal and vertical lines!

4. If you’re having trouble moving the line you can also do that by clicking on ' Parameters ' and entering the exact price point that you want it to lie on.


Trendlines are generally used for you to explore changes that happen in prices. So, what you’ll need to do is set two points for the trendline to be drawn between. They’re used to get a better content of the market, identify long-term trends and time your entry and exit points better!

In the same way that you placed your horizontal and vertical lines , click ' Insert ' and then from the menu choose ' trendline '. You’re then able to edit it in the same way that you do with your vertical and horizontal lines . The difference here is that in the ' parameters ' part (accessing by right clicking on the line) you can enter in the ' low ' and ' high ' points of the trendline!

Fibonacci Retracements.

We’re not going to go into lots of detail about what Fibonacci Retracements are used for as that’s a whole other topic, if you want to learn more you can check out our dedicated eBook to learn more.

However, we will look at how you can set one on the trading platform:

In the same way you inserted the other chart objects like our horizontal and vertical lines, click ' Insert ' and then ' Fibonacci '. Click ' Retracement ' and hold where you want it to start. Move the mouse and when you’ve placed it according to how you want, release .

Removing Graphical Tools.

So we’ve established how to add graphical tools on the MT4 platform, but how do we remove them?

First, right click anywhere you want on the chart . Then choose the ' Indicators List ' and choose the indicator that you want to remove. Once selected simply click on the ' Delete ' button!

How to set up notifications on the MT4.

One of the key benefits of using the MT4 platform is the ability for you to set up notifications. They can be used to make sure you keep on top of any price changes in the market that could affect your trading.

1. To start setting these up, you’ll need to use the ' Alerts ' tab at the bottom of your trading platform window :

2. Now you’re in that window click ' Create ', and a new window will pop up:

Now you’re able to set up a price alert based on the movement of the market or even a time! You can even set an expiry date which will ensure that the alert turns off after a certain time.

3. Fill out the relevant information and then click ' OK ' to complete the process. Once you’ve done that you’ll see the alert appear in the ' Alerts ' tab!

How to set up email notifications on the MT4.

When you’re away from your computer you always need to stay aware of what’s happening in the markets should you have open trades. So, in this section we’re going to look at setting up email notifications. It’ll allow you to feel more comfortable in the knowledge that if something changes an email will ping to your phone to notify you!

It’s important to note that for this part of the guide you’ll need you email password and SMTP credentials to complete the process.

So, how do we begin?

First you’ll need to select ' Tools ' from the drop down menu and click ' Options '. A new window will open and you’ll see a number of tabs across the top. Select ' Email '.

From here you’ll see a number of boxes where you’ll need to input some information. 1. Check " Enable " 2. Enter the SMTP Server: 3. Enter the SMTP login: this is your email address 4. Enter the SMTP Password: this is your email password 5. From: MT4 Alerts, (entering your email address to send from) 6. To: Recipient Name, (entering the email address to receive email)

Once complete, click OK and your MT4 will be able to ping through an email for all the alerts you create on the platform! Magical!

How to set up the News feed on MT4.

For you to be able to set up your news feed on the MT4 you’ll need to enable it on the platform. Like we did in the email alert setup, navigate to the ' Tools ' section and click ' Options '.

Once the window appears, click ' Options ' followed by ' Server '. Simply click ' Enable News ', ' OK ' and you’re ready to go!

How to set up an EA on the MT4.

Now we’re at the stage where we’re going to be adding an EA to the MT4. EAs or expert advisors are automated programs that will trade automatically for you. It’s also important to note that you can upload custom indicators to the MT4 using this process. 1. Click ' File ' and scroll to ' Open Data Folder '. 2. A window will now appear, and you’ll see a selection of folders for you to choose from. Click MQL4 and then the ' Experts ' file. 3 . Drag and drop the EA files into this folder (or your custom indicator). 4. Then simply restart your MT4 for the changes to be made permanent!











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Don forex mt4

The best Support and Resistance indicator for mt4.

Finally, a multi-timeframe dynamic support and resistance indicator that helps you automatically identify strong zones to buy and sell from.

Toggle over 9 different time frames Overlap various time frames for stronger levels Smart filters for more accurate levels.

Multiple Swing Low / High Scanner Overlap Support / Resistance Pullback Support / Resistance.

Adjust the strength of each time frame One-click strict settings Individual settings for each time frame.

Support and Resistance Trading Strategy.

A proper guide to understanding how to trade support & resistance profitably. Crafted by a team of CMT, CFTe & CFA certified traders.

Trading purely based on support and resistance can be a very profitable strategy – but only if you do it correctly. I am a full-time trader running an award winning research firm, providing analysis for the largest banks and brokers in the world. My personal trading method (on top of support and resistance) involves using Advanced Fibonacci Retracements , Candlestick Patterns (really important), True RSI and proper trade management . Below is a short video I was featured in showing the day in my life as a trader.

Before you can even begin to trade support and resistance, you need to understand how to interpret it and most importantly, how to filter out the good zones from the bad zones. Notice I say zones here and not levels . Because support and resistance works in the form of zones (areas), not specific levels.

Today we will be covering a few things, in particular, to prepare you to not only use this support and resistance indicator but also to make good money trading it.

Agenda for today:

Support and Resistance Simplified Understanding Swing High and Swing Low Areas Identifying swing high and swing low areas on the indicator. Identifying pullback support and resistance on the indicator Identifying overlap support and resistance on the indicator Improving Your Accuracy with Fibonacci Retracements Improving Your Accuracy with Stochastic Improving Your Accuracy with RSI Improving Your Accuracy with Price Action Improving Your Accuracy with Correlation.

At the end of this topic, you should be well on your way to making seriously good money using support and resistance to trade.

Here’s a simple Table of Content list so you know what we will be covering today (it’s a lot lol)

Table of Contents.

Do you have a video explaining everything?

Sure! Watch this video as I go into how I use support and resistance in my trading strategy.

In this video below, I share about how I use support and resistance in my trading strategy. This simple approach has helped me trade full-time profitably. Well, it’s simple but tough to master. It requires a combination of support and resistance, Fibonacci retracements, Fibonacci extensions, True RSI and proper trade management.

Support and resistance simplified.

Back to basics my friend.

It's important to know that support is always below price and resistance is always above price.

Let us first properly define what Support and Resistance levels are before moving further (to avoid any confusion).

Resistance = any level that is above price.

Support = any level that is below price.

Support and resistance levels are essentially key levels a person should watch out for because previous price action between the bulls and bears have given us a key sign into the importance of those levels . See price failing to break above this resistance line for the past 3 times? That’s clearly a strong level to pay attention to.

If you see price failing to break below this horizontal support line multiple times, it is a strong level to pay attention to too. One of the most common questions we’re asked is how to determine resistance and support lines – especially which ones are the most important since based on how we draw them, almost every level can be an important level.

Diagonal vs Horizontal.

Which is more accurate?

Quite simply put, there are many ways to draw support and resistance lines, but only a few correct ways to do so.

There are ascending/descending lines such as diagonal lines (most inaccurate) because the subjective nature of taking the proper levels is too subjective. If you get one point off by 1 pip, the line goes way off tangent. There are channels which require at least 2 points on top and 2 points below which are fairly more accurate. This is because you are essentially taking a minimum of 4 points. Then there are horizontal support/resistance levels which are the most accurate because it leaves extremely little room for subjective interpretation. To this tune, we’ll be focusing on the key support and resistance levels from such horizontal lines/areas.

What makes the TFA Support and Resistance Indicator different?

Versus the other 100 indicators out there.

What makes this support vs resistance indicator different from all the hundreds others out there is that it filters out a lot of the weak levels and on top of that, it doesn’t only find support and resistance levels, but instead more importantly, find support and resistance areas . Now, this is not some “demand/supply zone” indicator which many people are familiar with, it’s way better than that.

Using areas (instead of lines) gives us a much better idea on which levels to watch out for. After years of testing, the most important support and resistance levels can be broken down into these 3 :

1. Swing highs / Swing Lows.

These are levels where price just reacts and bounces off multiple times. The more times price reacts off these levels, the stronger they are. Here’s a picture of how swing highs look like :

Multiple Swing High Resistance.

2. Pullback Resistance / Pullback Support.

Pullbacks occur when a swing high/low has been broken – then price makes a “pullback” to the level. In the picture below, you can see that once our swing high resistance is broken, it turns into an “overlap support”.

Journey of how a swing high resistance turned into a pullback support then into an overlap support.

3. Overlap Resistance / Overlap Support.

An overlap support/resistance can only occur when price has broken a swing high/low and made a pullback to the pullback support/resistance. Only after price has bounced off our pullback support/resistance, then it turns into an overlap support/resistance. You can similarly refer to the picture above to better understand.

Video of our support and resistance indicator in action.

Watch me as I explain how to use this powerful tool in my own trading.

Explaining Resistance.

Learn how to identify resistance zones with our support and resistance indicator.

Remember : Resistance is always above price. Support is always below price .

We will now look at how our Support and Resistance indicator for MT4 identifies the 3 major types of support/resistance as mentioned above : swing high, pullback and overlap.

Finding swing high resistance on our MT4 Support & Resistance Indicator :

This is really straightforward. We don’t just pick any swing high, we pick the major swing high. How we define major swing highs here is based on the parameter we can adjust called “ Swing sensitivity “. The higher this value, the more significant our swing highs are.

This picture below is when we have a swing sensitivity of 100 . This means we only pick swing highs where there are more than 100 bars to the left and right of the major high. Notice there are just a few major lines?

Swing sensitivity: 100.

These swing high and swing lows have a sensitivity of 100, meaning the are bigger and stronger.

Swing Sensitivity: 30.

If we adjusted our swing sensitivity to something like 30, this would result in a lot more weaker lines appearing. This would mean there are many weak swing highs.

These swing highs have a sensitivity of 30, meaning they are weaker (and hence there are more of them)

Combining swing highs to create strong areas of resistance.

Now, when more than 1 swing high combines, it becomes a strong level of resistance. This is shown by a highlighted area on the chart with our MT4 indicator.

What our MT4 Support and Resistance indicator does is that it intelligently scans the entire chart for such levels and if they are close enough, they are combined to form a swing high resistance area .

When multiple swing highs line up together, it creates an AREA of resistance.

Finding pullback Resistance on our MT4 Support & Resistance Indicator.

Now that we have covered how swing high resistance looks like, l et’s look at the next strongest resistance: the pullback resistance.

Pullback resistance is formed when a swing low is broken and price makes a “pullback” to that previous level. In the example below, we can see that price broke a swing low resistance turning it into a pullback resistance.

The Support and resistance indicator for MT4 will highlight the pullback resistance for you.

Finding Overlap Resistance on our MT4 Support & Resistance Indicator.

Once we have found a pullback resistance, it is important to keep an eye on this level. Because once price reverses off it, it becomes an overlap resistance.

Pullback resistance turns into a strong graphical overlap resistance if price reverses off it. This shows that there are more bears than bulls at this key decision point.

The support & resistance indicator would highlight where the graphical overlap resistance (or support) occurs.

Download and give it a shot.

Trial version works on AUDUSD, USDJPY and GBPUSD.

Explaining Support.

Swing low support, pullback support and overlap support.

Remember, as I mentioned earlier, the Support is always below current price. Resistance is above price, support is below price. Do not confuse the two.

Finding Swing Low Support with our MT4 Support and Resistance Indicator.

We talked about “swing sensitivity” earlier. This is essentially the number of bars to the left/right that makes up a major swing low. The higher this number, the stronger the support.

Below is a simple example of a swing low support (green line) with swing sensitivity of 20. You will immediately notice that there aren’t many lines that are drawn on the chart as we filter out a lot of the noise with a decent swing sensitivity number.

Our support and resistance indicator automatically scans for key swing low support levels.

Combining multiple swing lows to create strong areas of support.

The key to finding strong areas of support is to combine multiple swing low levels together. Now, this is not one exact level. This is very often an area . Our indicator scans the past and present to find whether there were other big swing low support levels that occured near that area. If there is, it highlights the area on the chart.

When more than 1 swing low combine, it becomes a stronger level of support.

The indicator automatically detects where multiple swing lows occur to create a strong area of support.

Finding Pullback Support with our Support and Resistance Indicator.

On top of finding swing low support areas, another really strong sign of support is what we call the pullback support .

This is when a previous swing high is converted into a support because price had broken above it and is now dropping to test it again.

In the picture below, you can see how this works out.

Automatic detection of support area (pullback support).

How to find Overlap Support with our Support and Resistance Indicator.

An overlap support is perhaps one of the strongest signs of support. How it works is really simple – it is a natural evolution of the pullback support we mentioned above.

This pullback support turns into a strong overlap support if price bounces off it the very first time it touches it. This shows that there are more bulls than bears at this key decision point.

Support and resistance indicator settings.

How to tweak and optimize it.

If you haven’t watched the video I mentioned above, I highly recommend watching this video to understand how I would use the Support and Resistance indicator before we go any further into understanding how to tweak and adjust its settings.

There are a few settings that you should understand about this indicator to better help you use it effectively.

Multi-Time Frame Selector.

The multi-time frame selector allows you to activate different support/resistance lines from other time frames to be viewed on your chart. In the picture below, you can see that even though I am on my H1 chart, I can activate the H4 support/resistance levels to see if there are any levels on the higher time frame I might have missed out on. This resulted in a big swing high I might have missed being shown.

Our support and resistance indicator has a multi-time frame feature. (Click to expand picture)

SwingSensitivity : This is how many bars you would need on the left/right of a high/low to create a swing high/low. This means that for example, if you have 20 as this value, then the swing high would require 20 bars to the left and to the right of it to be lower than it to create the swing high point. The higher this value, the stronger the swing highs/lows you identify.

InitialPips : What the indicator does is it takes these swing highs/lows and plots a line to detect whether it coincides with other swing highs/lows. The InitialPips value is the ‘buffer’ it uses to detect whether another swing high/low is near it. A value of 5 would mean it scans 5 pips above and below the first swing high/low for any other swing high/low to reach it. The key idea here is to find areas where multiple swing high/lows coincide.

1 min chart : 1 5 min chart : 3 15 min chart : 5 30 min chart : 7 1 hr chart : 10 4 hr chart : 30.

This is not a hard and fast rule, rather, the main idea is to provide more scanning area for overlaps as the time frame goes bigger.

FurtherPips : Once the second swing high/low is reached, the indicator will use this new resistance/support area and do a modified scan based on FurtherPips. This works the same way as InitialPips.

1 min chart : 1 5 min chart : 3 15 min chart : 9 30 min chart : 15 1 hr chart : 25 4 hr chart : 50.

This is not a hard and fast rule, rather, the main idea is to provide more scanning area for overlaps as the time frame goes bigger.

BrokenCount : This value scans how many times the particular support/resistance identified has been broken. The more times a support/resistance level is broken, the weaker it is. A value of 0 means that the level can be broken only once. If it is broken a second time, it disappears.

BrokenBars : This is the number of bars that must be closed below the support/resistance level for it to be considered truly broken (links with BrokenCount above). The reason for this is sometimes price tests these support/resistance levels and bounces back (like a doji). This actually means the support/resistance level is stronger and such a filter allows us to prevent such price action from tricking us.

I prefer to keep this at about 3 across all time frames.

ToggleStrength : This toggles the thin lines with only one swing high/low and the thicker lines with at least 2 swing high/lows connected. This helps you pick out which are immediately the stronger levels to watch out for.

Here’s an image without the ToggleStrength. Notice how there are many more lines which have just 1 swing high/low on it. These are pointed out by the green arrows.

Forex Distrito Federal 2

Autoridades del sistema financiero mexicano: SHCP, BANXICO, CNBV, CONDUSEF Y CONSAR.

Es importante conocer las autoridades más importantes del sistema financiero mexicano y sus funciones principales como son SHCP, BANXICO, CNBV, CONDUSEF Y CONSAR. ¿Por qué resulta tan importante? Porque resulta necesario analizar la política económica, organismos reguladores básicos, programas de gasto público, política monetaria, moneda circulante. Estas funciones están en las manos de SHCP y Banxico. Por su parte CNBV es una autoridad más supervisora, la Condusef trata de mejorar el conocimiento financiero de la ciudadanía y la Consar regular el sistema de pensiones para el retiro. A continuación desarrollamos las funciones y características de cada una de ellas.

Autoridades del sistema financiero mexicano: CNSF, IPAB, SHCP, BM o BANXICO, CNBV, CONDUSEF Y CONSAR.

En México el sistema financiero está regulado y es supervisado por varios entes o autoridades, las cuales se encargan de cumplir las funciones que le son delegadas. En el siguiente artículo conoceremos a las autoridades más importantes del sistema financiero mexicano y sus funciones principales como son SHCP, BANXICO, CNBV, CONDUSEF Y CONSAR.

Comisión Nacional de Seguros y Fianzas (CNSF)

Promover el desarrollo del mercado de seguros, para así extender la cobertura de servicios a la mayor parte de la población mexicana. Supervisar que las operaciones de las empresas de seguros y de fianzas estén de acuerdo al marco normativo. Buscar la solvencia y estabilidad financiera de las aseguradoras y empresas de fianzas (garantizando los intereses del público). Operar bajo principios de eficiencia, eficacia y calidad. Aumentar la confianza del público en las aseguradoras y afianzadoras.

Instituto para la Protección de Ahorro Bancario (IPAB)

El Instituto para la Protección al Ahorro Bancario es la institución del Gobierno Federal que se encarga de administrar el seguro de depósitos bancario de los ahorradores. Este seguro tiene como características fundamentales garantizar hasta por 400 mil UDIs. Además, este seguro, protege los depósitos a la vista: cuentas de cheques; depósitos en cuentas de ahorro; depósitos a plazo o retirables con previo aviso: certificados de depósito; depósitos retirables en días preestablecidos y depósitos en cuenta corriente asociados a tarjetas débito.

SHCP- Secretaria de Hacienda y Crédito Público.

La Secretaría de Hacienda y Crédito Público, es una secretaría que depende del del Poder Ejecutivo Federal, a “Lolita” o “Dolores” como la conocemos en México, se le ha dado la misión de proponer, dirigir y controlar la política económica del Gobierno Federal en materia financiero, fiscal, de gasto, de ingresos y deuda pública, con el propósito de consolidar un país con crecimiento económico de calidad, equitativo, incluyente y sostenido, que fortalezca el bienestar de las y los mexicanos. Los focos que tiene que atender la SHCP son los temas financieros, fiscales, de gasto, de ingresos y de deuda pública. Para esta secretaría de estado el propósito fundamental de su quehacer es el de consolidar un país con crecimiento económico estable.

Dentro de las principales funciones que son delegadas a Hacienda, se encuentran:

Supervisar a las instituciones que integran el Sistema Financiero Nacional (CONDUSEF, CNBV, CNSF, Banco de México y CONSAR) Realizar proyecciones y cálculos de los ingresos de la Federación mediante y de las entidades para estatales como son Pemex y Comisión Federal de Electricidad. Promover las políticas de regulación y vigilancia de las actividades relacionadas con el mercado de valores.

En sus manos también está la autorización y otorgamiento de concesiones para la constitución y operación de sociedades de inversión, casas de bolsa, bolsas de valores y sociedades de depósito .

Como órgano rector del gasto nacional deben formular programas de gasto público federal y ejercer el control presupuestal de los servicios en materia de control de gasto. Es decir, Hacienda, es el amo del dinero.

La estructura de la SHCP se conforma por nueve órganos:

Unidad de inteligencia financiera Subsecretaria de Hacienda y Crédito Público. Subsecretaría de Ingresos Subsecretaria de Egresos Oficialía Mayor Procuraduría Fiscal de la Federación. Tesorería de la Federación Órgano Interno de Control.

Y los descentralizados: Comisión Nacional de Seguros y Finanzas, Comisión Nacional Bancaria y de Valores, Servicio de Administración Tributaria, entre otros.

Como órgano rector la Secretaria debe ser una institución vanguardista, eficiente y altamente productiva en el manejo y la administración de las finanzas públicas, que participe en la construcción de un país sólido donde cada familia mexicana logre una mejor calidad de vida.

BANXICO- Banco Central de México.

Banxico es el Banco Central de México y fue fundado en 1925, de acuerdo a la Constitución Política de los Estados Unidos Mexicanos es autónomo en sus funciones y en su administración.

Las directrices de Banxico son las de proveer a la economía mexicana del circulante, es decir emitir la moneda nacional, también debe instrumentar la política monetaria con la función de generar estabilidad en el poder adquisitivo de los mexicanos, es decir debe de mantener controlada la inflación. El Banco de México debe de promover el sano desarrollo del sistema financiero y propiciar el buen funcionamiento de los sistemas de transacciones.

Entre otras de las funciones que tiene Banxico se encuentra:

Debe garantizar el poder adquisitivo de la moneda y promover el sano desarrollo del sistema financiero. Funge como asesor del Gobierno Federal en materia económica y particularmente financiera. Presta servicios de tesorería al Gobierno Federal y actúa como agente financiero del mismo. Emite bonos de regulación monetaria. Recibe depósitos bancarios de dinero del Gobierno Federal, de entidades financieras del país y del exterior, de fideicomisos públicos de fomento económico, de instituciones para el depósito de valores, así como de entidades de la administración pública federal cuando las leyes aso lo dispongan. Efectúa operaciones con divisas, oro y plata.

Dentro de sus labores internacionales deberá de participar en el Fondo Monetario Internacional u organismos de cooperación financiera internacional y de autoridad en materia financiera, y además de operar con otros bancos centrales.

CNBV- Comisión Nacional Bancaria y de Valores.

La Comisión Nacional Bancaria y de Valores es el ente fundamental del sistema bancario del país. Tiene por objeto supervisar y regular en el ámbito de su competencia, a todas las entidades financieras que operan en México, sean o no mexicanas, con la finalidad de de procurar la estabilidad y correcto funcionamiento del sistema financiero.

La Comisión Nacional Bancaria y de Valores en términos de regulación, es un órgano desconcentrado de la Secretaría de Hacienda y Crédito Público, con autonomía técnica y facultades ejecutivas en los términos de la Ley de la Comisión Nacional Bancaria y de Valores, es decir depende de la SHP, pero sus decisiones son independientes.

La CNBV tiene varias facultades que se le atribuyen legalmente, entre ellas se encuentran:

Emitir la regulación que deberán respetar las entidades financieras. Supervisar y regular a las entidades financieras, a fin de procurar una estabilidad y un correcto funcionamiento de todos los participantes. Mantener y fomentar un sano y equilibrado desarrollo del sistema financiero, con la finalidad de que todos los clientes y usuarios sean cuidados en su patrimonio. También será su labor supervisar y regular a las personas físicas y demás personas morales, cuando realicen actividades previstas en las leyes relativas al sistema financiero. Certificar a los profesionales que se encarguen de la supervisión de las entidades financieras mexicanas. Corregir, mediante intervención o sanción, a las entidades o personas que no cumplan la Ley.

CONDUSEF – Comisión Nacional para la Protección de los Usuarios de Servicios Financieros.

La Comisión Nacional para la Protección y Defensa de los Usuarios de Servicios Financieros es una institución de pública que depende de la Secretaría de Hacienda y Crédito Público. El año de su creación fue 1999, y tiene dentro de sus objetivos fundamenales dos directrices: por una parte las de tipo preventivo que tienen como objetivo el orientar, informar y promover la educación financiera, y por otro lado las de corte correctivas, que nacen con el propósito de atender y dentro de lo posible resolver las quejas o reclamaciones tanto de los usuarios como de los servicios financieros.

Los usuarios de la CONDUSEF pueden encontrar asesoría legal y también pudedensolicitar orientación o conciliación para quienes hayan tenido un altercado con alguna institución del sistema financiero, siempre y cuando esta institución esté regulada y supervisada por la Comisión Nacional Bancaria y de Valores, como son bancos, las aseguradoras, afores, sociedades financieras de objeto múltiple, entidades de ahorro y crédito popular, casad de bolsa, afianzadora y operadoras de sociedades de inversión.

La CONDUSEF atiende a los usuarios a través de su Centro de Atención Telefónica (CAT), cuenta con 32 delegaciones regionales y 4 metropolitanas en el Distrito Federal y una delegación virtual. Además de su página en internet .

CONSAR – Comisión Nacional del Sistema de Ahorro para el Retiro.

La Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR) es un organismo desconcentrado de la Secretaría de Hacienda y Crédito Público, al igual que la CNBV. Y tiene la labor fundamental de regular el Sistema de Ahorro para el Retiro (SAR) el cual está constituido por las cuentas individuales, a nombre de los trabajadores que manejan las AFORE.

¿Qué significa que la CONSAR regula a las AFORE?

Pues sencillamente CONSAR establece las reglas para que el SAR funciones adecuadamente.

Vigila que se resguarden adecuadamente los recursos de los trabajadores. Supervisa que los recursos de los trabajadores se inviertan de acuerdo a los parámetros y límites establecidos por la Comisión. Se asegura de que brinden la información requerida para los trabajadores, es decir, que te envíen tu Estado de Cuenta tres veces por años. Está facultada para imponer multas a las AFORE y sanciones a los empleados de estas en caso de algún incumplimiento.

En resumidas cuentas, CONSAR se asegura no solo que el SAR funcione sino de que los derechos de los trabajadores sean respetados por las AFORE.

Conocer sobre las autoridades del sistema financiero mexicano, permite que los usuarios manejan información sobre quiénes son los entes encargados de velar por el buen funcionamiento de los bancos.


Como lo pudiste leer en este post, en México al igual que en todos los países, el sistema financiero se encuentra regulado y supervisado por varios entes o entidades que cumplen las funciones por las que fueron delegadas; de esta forma, los usuarios están protegidos financieramente de acuerdo a un marco de leyes, reglamentos y normas. En este caso, las autoridades financieras, serán las responsables de supervisar a las instituciones financieras y promover que operen de acuerdo a las necesidades y derechos de los usuarios.

Asimismo, es importante que conozcas los sectores que componen el sistema financiero: sector bursátil (mercado de valores), sector de derivados, sector bancario, sector de intermediarios financieros, sector de ahorro y crédito popular, sector de seguros y fianzas y sistema de ahorro para el retiro.

Esperamos que hayas podido conocer la Comisión Nacional de Seguros y Fianzas (CNSF) , Instituto para la Protección de Ahorro Bancario (IPAB), SHCP, Banco de México (BM) o BANXICO, CNBV, CONDUSEF Y CONSAR ; las cuales son las principales entidades del sistema financiero mexicano.

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