Contract for Difference or CFD is one of the most popular trading instruments around the world and sees around 1/3rd of trading in FTSE 100. CFD usually takes place between an investor and a broker where the difference in the opening amount and closing amount gets settled in cash.
Similar to Forex, traders can also enjoy CFD trading with MetaTrader 4 or even 5. With CFD MetaTrader 4, traders can get enjoy the following advantages:
Access their accounts anytime and anywhere and keep an eye on the market.
Get information in their own native language no matter where they are from.
Take the benefits of automated trading with Expert Advisors or Forex Robots.
Its 129-bit encryption provides security and makes all transaction secure.
MetaTrader 4 gives traders the power to customize it whatever way they want to according to their preference.
Apart from these advantages, MetaTrader 4 gives traders the option to take part in investments through not only their computers but also through several other platforms like:
With the MetaTrader 4 app on their smartphones, traders can keep a watch on their CFD transactions all through the day. Additionally, they can also research the market and get information regarding all major currency pairs including XAU/USD.
MetaTrader 4 on Android provides traders with the following advantages:
Complete trading history with details.
Personalized charts and colors.
Financial news and updates.
Real-time quotes for any financial instrument.
Converse with any registered MQL5.community user.
Multiple timeframes – 1 minute, 5 minute, 15 minute, 30 minute, 1 hour, 4 hours, 1 day, 1 week, and 1 month.
30 technical indicators.
Other than these traders can also take the advantages of 3 several charts viz. candlesticks, bars, and broken line.
Similar to Android, traders with iPhones also have the option to install the CFD MetaTrader 4 app. Not only just iPhone, but also iPad and iPod Touch are also compatible with this app.
Traders get all the features of the Android app along with the ability to sync their computer platform with the app to get push notifications.
- Web Platform
With the help of this platform, traders can access their accounts with just a web browser. This platform doesn’t require traders to download any software; they can directly login from the website and get most of the features they get from the computer software.
The MetaTrader 4 web platform lets traders get real-time quotes, 9 time-frames; graphical objects like Fibonacci levels, trend lines, horizontal and vertical lines, and channels; price charts like candlesticks, lines, and bars.
The MultiTerminal CFD MetaTrader 4 can be beneficial for those who like to trade through more than one account. They can simultaneously open several positions in multiple accounts which can be of different or equal volumes.
CFD traders can open up to 128 accounts through the MetaTrader 4 multiterminal platform and enjoy trading with multiple currencies.
Other than these, traders can also take part in CFD trading if they have Mac OS. CFD MetaTrader 4 on Mac OS is similar to Windows OS and has all the features of the latter.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.