MetaTrader 4 (MT4) is widely acknowledged to be one of the premier forex trading platforms available, featuring an intuitive yet user-friendly interface which suits novice and seasoned traders alike. MetaTrader available for download on any operating system with advanced tools that let both newcomers and experienced traders tailor their trading style with unique settings to achieve optimal trading strategies and access via WebTrader/WebTerminal, MT4 stands as an impressive trading solution.
WebTrader, at the core of MT4, represents its cutting-edge tool and brings numerous advantages for successful trading on financial markets.
WebTrader provides traders with easy and comprehensive access to financial markets. Furthermore, interactive charts facilitate in-depth technical analysis that facilitate informed trading decisions.
The NDD (No Dealing Desk) technology implies order processing without broker intervention, meaning that all trader operations are sent directly to the market, bypassing market makers, where the counterparty to the trades are other market participants.
Brokers operating under the NDD model do not have access to traders’ funds and earn only from commissions.
NDD technology allows trading directly with the largest liquidity providers using the popular MetaTrader 4 trading platform, as well as others: MetaTrader 5 and cTrader. NDD is implemented on MT4 NDD, MT5 NDD, and cTrader NDD accounts. NDD accounts use an agency model, which completely eliminates conflicts of interest between FIBO Group and the client. These accounts operate with a market execution type of order fulfillment, known as Market Execution.
Market Execution literally means “execution at market.” This means that almost any order placed by a trader will be executed at the price available on the market at the moment the order is processed. For example, if a trader wants to enter the market with a Buy order at 1.5000, once the order is sent to the broker’s server, it goes into the execution queue. During the waiting time, prices may change slightly, e.g., rise to 1.5015, so the broker will open the position at the current market price of 1.5015. This situation is called slippage. Slippage can be positive (the order is filled at a more favorable price) or negative (at a less favorable price).
Advantages of this execution: high speed and 100% guarantee of entering the market.
Disadvantages: high risk of opening a losing position during periods of high market volatility.
Instant Execution implies that the order is executed exactly at the price indicated by the trader. Despite its literal translation as “instant execution,” orders with this execution type may take longer than Market Execution.
The main advantage of Instant Execution in forex is entering the market at the exact price specified.
The disadvantage is frequent requotes (messages informing the trader that the price has changed), or broker requests to confirm opening a trade at the new price. Traders can set an acceptable price deviation to minimize requotes. If during processing the price stays within this deviation, the order is executed with price correction.
Instant Execution is not suitable for scalping in volatile markets.