THUNDER BAY – Business TECH – Only recently has MetaTrader 4, the acclaimed Forex trading platform, been available for Mac users. Unfortunately, its developers have never seemed inclined to develop a native Mac application, and many workarounds have been used. But in recent years, brokers have begun to offer their own versions of MT4 for Mac.
The question is, does MetaTrader 4 for Mac match up when it comes to Forex trading? Should you download and install it, or should you find other software or another workaround?
Pro: Unanimously agreed to be the best software.
Every broker around agrees that MT4 is the best platform available for Forex trading. There is almost no dissenting opinion. It is highly intuitive, user-friendly, functional, and complete. It is completely customisable, and offers analytic tools and functions.
Cons: Automated trading is unreliable.
When using the emulated version on a Mac, automated trading becomes unreliable. Many traders use Expert Advisors on a daily basis. And while MT4 for Mac supports scripts and trading robots, they are not as accurate as on the native Windows app, and you should probably find another option.
Pro: No need to install Windows or Wine
Workarounds in the past have included installing Windows or Wine on your Mac computer, something no Mac user wants to have to do. With the emulated MT4 for Mac, you do not have to install any additional software or operating system. You don’t have to do anything to your computer except install the actual app.
Con: The app is cumbersome
One thing that people love about MT4 is that it is an incredibly lightweight app. But the Mac version is a hefty 200MB. Instead of a super fast download and lightning quick loading times, you get a more cumbersome version of the software.
Pro: All the functionality is the same
MetaTrader 4 is known for its absolutely impeccable functionality. It has all the analytic tools you need to become an expert trader, without having to leave the app. The Mac version has exactly the same functionality, emulating the same experience exactly.
Con: You might have to do a bit of extra work
To ensure that MT4 works perfectly on your Mac, you might have to do a bit of extra work, such as installing extra fonts, downloading scripts, and so on.
Conclusion
MetaTrader 4 is the best platform for trading Forex, there is no doubt about that. Now that it is available for Mac, Apple users should breathe a sigh of relief. They can now use the premium software without having to perform laborious workarounds.
Yes, there are downsides, especially if you love automated trading. But MT4 for Mac is still the best option available, short of using a Windows computer.
