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Paying for use?

  • #1
  • First Post: Jul 9, 2008 11:35am Jul 9, 2008 11:35am
Hello! I want to know if I must pay to my broker or to MT4 owners for use it with real account.
  • #2
  • Jul 9, 2008 3:50pm Jul 9, 2008 3:50pm
You don't pay for MT4 usage. But keep in mind that you must fund your broker account before you trade live. You can download a demo account with your broker that is free to use too.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #3
  • Jul 9, 2008 3:55pm Jul 9, 2008 3:55pm
MT4 on its own is free to use.

Once you start trading with real money, you'll start paying spread, losses, commissions (maybe), etc.
  • #4
  • Jul 9, 2008 7:38pm Jul 9, 2008 7:38pm
Quoting Ronald Raygun
MT4 on its own is free to use.

Once you start trading with real money, you'll start paying spread, losses, commissions (maybe), etc.
and hopefully winning
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #5
  • Jul 10, 2008 8:03pm Jul 10, 2008 8:03pm
So, what's the profit of Meta Quotes?
  • #6
  • Jul 10, 2008 8:06pm Jul 10, 2008 8:06pm
MetaQuotes leases their platform to brokers.
So, MetaQuotes is getting paid by the brokers who offer MT4 to their clients.
Of course, these brokers are getting paid by their clients (via the spread), so ultimately, it is the trader who pays for the use of the platform with every trade they execute (via a bit of the spread).
Dave
  • #7
  • Jul 11, 2008 7:06pm Jul 11, 2008 7:06pm
Davel,
Thank you very much.
  • #8
  • Last Post: Jul 11, 2008 10:49pm Jul 11, 2008 10:49pm
Quoting DaveL
MetaQuotes leases their platform to brokers.
So, MetaQuotes is getting paid by the brokers who offer MT4 to their clients.
Of course, these brokers are getting paid by their clients (via the spread), so ultimately, it is the trader who pays for the use of the platform with every trade they execute (via a bit of the spread).
Small price to pay if you ask me. I always wind up using MT4 as a charting package regardless of actual execution platform I'm using.
Never underestimate the powers of the Force.
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