All about the FXCM MT4 Server

MetaTrader 4 is a successful independent software used by foreign exchange brokers to help their clients trade stock on their PC. It has been so successful, that it is still widely used after more than a decade after its release and has even done better than its successor, MetaTrader5.

FXCM MT4 server is a platform used by the broker to help improve your experience trading on FXCM. While MetaTrader 4 is used by several other brokers, FXCM MT4 server has a few unique advantages that set it apart. Since MetaTrader 4 is used by so many forex trading brokers use Metatrader 4, it becomes clear that it is a force to behold as one of the leading platforms for users to trade with.

FXCM MT4 server basics

The first thing you will need to know is there is more than one FXCM MT4 server that exists. Since FXCM is such a big company, it requires several servers within the MetaTrader 4 platform in order to service all its clients. There are quite a few servers out there and you will need to know which one you are assigned to in order to get it working. If you experience any problems with this, just contact the customer support of FXCM, and they will help you.

Using your MetaTrader 4 account is pretty straightforward. Like most online accounts, the interface intuitive. You will need to input your account details, mostly your account number and password. Once you do this, you should be good to go.

The benefits of MetaTrader 4

There are several benefits to using a FXCM MT4 server.

The first is that you will have easy access to a demo account, which operate on different servers on MetaTrader 4. This will give you a better feel of forex trading without experiencing any risk or reward.

You can also have access to an expert advisor. These are basically bots that do your trading for you, according to rules that you set. These claim to make better decisions than humans who are bound by emotion. Of course, it is up to you whether you activate this or not.

Depending on your balance, you can also have access to an MT4 VPS for free. If your balance is not high enough, then availing of this service comes with a monthly fee. The VPS comes with several advantages, such as allowing you to keep your expert advisor running even if your computer is off. It also allows for remote access, meaning that you can access your account from any computer. That computer does not even have to have MetaTrader 4 installed.

It should be notable though that there are several major brokers that do not use MetaTrader 4, including Plus500, iForex, and XTrade. These companies argue that the platform they have created themselves is much better suited to their markets.

However, MetaTrader 4 is a trusted application that lets you get used to an interface that you can get used to while using FXCM. Even if you decide to switch to another broker, you can possibly still use MetaTrader 4, meaning less of a learning curve.

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