Metaquotes Will No Longer Sell its MT4 Trading Platform | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MetaQuotes stops selling MT4 platform licenses 8 replies

MT4 platforms referencing AppData/Roaming/Metaquotes/Terminal 4 replies

Will Metaquotes ever develop MT4 for MAC? 15 replies

Metaquotes announces integration of its Metatrader 5 platform and CitiFX 1 reply

Metaquotes MT4 "demo.metaquotes.net " server will be stopped this April 2 replies

Attachments: Metaquotes Will No Longer Sell its MT4 Trading Platform
Exit Attachments

Metaquotes Will No Longer Sell its MT4 Trading Platform

  • #1
  • First Post: Edited 7:55am Jan 12, 2018 7:37am | Edited 7:55am
Metaquotes Will No Longer Sell its MT4 Trading Platform

https://www.financemagnates.com/fore...ding-platform/

https://www.leaprate.com/forex/platf...form-licenses/
  • #2
  • Jan 12, 2018 1:20pm Jan 12, 2018 1:20pm
I think this practically means that all of us are locked to our existing brokers if we choose to stay with MT4.
Luckily I caught the old boat, and found a good broker that offers hedging at the same time, with improved infrastructure.
  • #3
  • Edited 2:11pm Jan 12, 2018 1:27pm | Edited 2:11pm
Good, this is the end of retail forex.
Started with the scam MT3 which spawned an entire industry of scammers and cheaters built around metaquote's "retail forex dream machine"
Hundreds of millions lost over the years in order to built the forex casinos...
  • #4
  • Jan 12, 2018 1:28pm Jan 12, 2018 1:28pm
Gooood news, everyone!
Return To Disorder
  • #5
  • Jan 12, 2018 1:34pm Jan 12, 2018 1:34pm
Its a good news
Try don't lose pants never...
  • #6
  • Jan 12, 2018 1:51pm Jan 12, 2018 1:51pm
Quoting rockit
Gooood news, everyone!
Hello Professor Farnsworth!
  • #7
  • Jan 12, 2018 2:39pm Jan 12, 2018 2:39pm
Quoting altzspec
I think this practically means that all of us are locked to our existing brokers if we choose to stay with MT4. Luckily I caught the old boat, and found a good broker that offers hedging at the same time, with improved infrastructure.
I think they just won't be writing new licenses and new brokers can't buy an MT4 server.

Brokers that already have MT4 setup should still be able to use it however I see the real phase out from MT4 beginning in the coming months. Metaquotes will be trying to force everyone onto MT5.

Which broker are you using at the moment? What infrastructural upgrades have they done?

Cheers,
Piplife
  • #8
  • Jan 12, 2018 2:45pm Jan 12, 2018 2:45pm
Really brokers are not a problem for use MT5. I made a bridge for use MT4 accounts with MT5 tools. Really is not complex task and you have best of 2 worlds. Anyway change will be gradual then people have enough time for accept the new reality
Try don't lose pants never...
  • #9
  • Jan 12, 2018 8:34pm Jan 12, 2018 8:34pm
No problem as long as they provide the line-chart, the candlestick-chart, and a simple moving average ...
Market is not random but unpredictable
  • #10
  • Edited 10:14pm Jan 12, 2018 8:53pm | Edited 10:14pm
Their migration strategy won't be successful and they will have to change their mind. They are insane, it's something like MS forcing companies rewrite all of their corporate Excel documents and templates whenever new version of Excel softwares (Office 2013, Office 2017, Office 360,....) come out. (Actually, mt5 is not sequel of mt4. They are totally different products.) I hope some decent U.S or European company buyouts Metaquotes before it goes out of business. Anyway, this is a good news to cTrader and NinjaTrader.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #11
  • Jan 12, 2018 10:12pm Jan 12, 2018 10:12pm
Quoting heispark
Their migration strategy won't be successful and they will have to change their mind. They are insane, it's something like MS forcing companies rewrite all of their corporate Excel documents and templates whenever new version of Excel softwares (Office 2013, Office 2017, Office 360,....) come out. I hope some decent U.S or European company buyouts Metaquotes before it goes out of business.

see this as a new business opportunity for trading software developers to provide a "bridge" for MT4 users to other trading platforms.

when there is chaos there will also be opportunities.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #12
  • Jan 12, 2018 11:04pm Jan 12, 2018 11:04pm
Quoting Mingary
Good, this is the end of retail forex. Started with the scam MT3 which spawned an entire industry of scammers and cheaters built around metaquote's "retail forex dream machine" Hundreds of millions lost over the years in order to built the forex casinos...
I am beyond exited to finally see this news. Actually, someone with balls should sue the carp out of these MOFOs behind created such a platform. Scam brokers are not to be blamed here to a certain extent. I have traded on MT4 using ATC brokers only for one year since 2006 and i lost 10K with them and yet kept on doing well with the exact same feed from FXCM via their TS2 platform. It wasn't until I dealt in automation in 2016 by learning mql that I realized the simple things they hide from traders. 99.99% of the 95% losers lose on MT4. Same experience with Oanda MT4 also. This platform is designed for brokers period!

I bet they now understand what kinda of liability exposure they have and now want to limit it. Too fucking late !

The best option is to use MT4 to generate signals on one broker and trade it live on another broker manually or via API. That's the only option i can think of (apart from moving yo futures)

Spot FX is dead in USA.just use very high leverage and if lucky make a few quick bucks and get out.
Staying in my lane...
  • #13
  • Jan 12, 2018 11:07pm Jan 12, 2018 11:07pm
Quoting braintheboss
Really brokers are not a problem for use MT5. I made a bridge for use MT4 accounts with MT5 tools. Really is not complex task and you have best of 2 worlds. Anyway change will be gradual then people have enough time for accept the new reality
I am new to MT5. Kindly educate us why you feel scams cannot occur by brokers via MT5 platform?
Staying in my lane...
  • #14
  • Jan 12, 2018 11:10pm Jan 12, 2018 11:10pm
Quoting heispark
Their migration strategy won't be successful and they will have to change their mind. They are insane, it's something like MS forcing companies rewrite all of their corporate Excel documents and templates whenever new version of Excel softwares (Office 2013, Office 2017, Office 360,....) come out. (Actually, mt5 is not sequel of mt4. They are totally different products.) I hope some decent U.S or European company buyouts Metaquotes before it goes out of business. Anyway, this is a good news to cTrader and NinjaTrader.
How do you know MT5 does not have the similar backend features that brokers have in MT4 to freeze, require and the rest of the gamut of tools.
Staying in my lane...
  • #15
  • Jan 12, 2018 11:15pm Jan 12, 2018 11:15pm
I can't remember the book I read once in a book store. It was something related to titans to changed the industry Facebook, alibaba, Amazon, were on there and guess who else was on it...the Russian dude to created Metatrader platform. He made billions selling this platform.. Its the best multi level marketing scheme out there!
Staying in my lane...
  • #16
  • Jan 12, 2018 11:20pm Jan 12, 2018 11:20pm
Quoting VEEFX
{quote} I am beyond exited to finally see this news. Actually, someone with balls should sue the carp out of these MOFOs behind created such a platform. Scam brokers are not to be blamed here to a certain extent. I have traded on MT4 using ATC brokers only for one year since 2006 and i lost 10K with them and yet kept on doing well with the exact same feed from FXCM via their TS2 platform. It wasn't until I dealt in automation in 2016 by learning mql that I realized the simple things they hide from traders. 99.99% of the 95% losers lose on MT4. Same...
VEEFX,

Could you please elaborate on what specific issues you had with Oanda...

Thanks
  • #17
  • Jan 13, 2018 12:06am Jan 13, 2018 12:06am
In theory MT5 does have the potential to become the king of all trading platforms. But it's not there yet, and I have my doubts for now.

The way I see it, the main idea is that MT5 does not have to be just another trading platform! MT5 have to become the operating system (OS) for traders. Just like we build and install software(apps) on top of Windows, the same way we can build and install specialized trading apps on top of MT.

You don't like the standard interface? You need something more advanced? Something special? Fine! Now with mql5 you have the opportunity to build your own unique trading platform. In theory there are no limitations. The language is powerful enough to build fully functional 3D game inside the platform.

Of course I still think that some aspects of the language suck, but eventually we are going to get around these problems when we build custom library with open source functions and classes.

For now the biggest limitation which prevents MT5 from concurring the world is that the platform is not properly integrated. What I mean by that?
There are over 100 000 financial instruments traded worldwide! And how many of these markets are freely accessible trough MT5? Not even 0.1%!

I want to be able to trade everything via this platform. From FX and stocks, to futures and crypto currencies. I want access to all major exchanges.
I want to trade US stocks, European stocks, Chinese stocks, Japanese stocks......
This platform needs integration with firms like Interactive brokers and some of the big banks. Not some fx bucket shops registered in the middle of the ocean.
  • #18
  • Jan 13, 2018 12:57am Jan 13, 2018 12:57am
Quoting alphaomega
In theory MT5 does have the potential to become the king of all trading platforms. But it's not there yet, and I have my doubts for now. The way I see it, the main idea is that MT5 does not have to be just another trading platform! MT5 have to become the operating system (OS) for traders. Just like we build and install software(apps) on top of Windows, the same way we can build and install specialized trading apps on top of MT. You don't like the standard interface? You need something more advanced? Something special? Fine! Now with mql5 you have...
Good write-up Alpha. But still, I beg to ask... does MT4 allow the same backend 'abilities' to the broker like MT4 does. if it does not, how do we know for sure it does not. Again, I am not blaming MT4 for my drawdowns as very small portion of my trading journey was mt4 based. Since i learned how to code, I have only lost $200 in last 2 yrs on MT4! It 's all my discoveries of what features are not readily available to the normal user that are exposed only via coding... with that I have a huge problem.
Staying in my lane...
  • #19
  • Jan 13, 2018 1:12am Jan 13, 2018 1:12am
Quoting aaven
{quote} VEEFX, Could you please elaborate on what specific issues you had with Oanda... Thanks
It's not with Oanda but MT4 platform linked with Oanda. That's all I would say about Oanda as it is the only relatively safe option available to US traders. Can't publicly throw dirt on them but they are NOT the sweethearts Oanda forum members preach (I don't visit their forums or FXCM's dailyFX... they are all filled with strategies that ultimately benefit the broker).
Staying in my lane...
  • #20
  • Edited 2:58am Jan 13, 2018 1:51am | Edited 2:58am
Quoting VEEFX
{quote} I am new to MT5. Kindly educate us why you feel scams cannot occur by brokers via MT5 platform?
I'm not talking about that. Im talking about you can use MT4 account using MT5 for process everything taking advantges of new platform
Try don't lose pants never...
0 traders viewing now