Ekaterina NutriakovaEssential MT4 Plugins for Forex Brokers
In 2010, Metaquotes, the largest trading software provider from Russia, released its MetaTrader 5 trading platform, a new version that was supposed to gradually replace the previous MetaTrader 4. More than years have passed, but MT4 and, respectively, its MetaTrader 4 plugins are still popular with all forex market participants: from brokers to liquidity providers and traders.
According to the statistics from B2B, which is our competitor and simultaneously a client and partner who distributes our solutions, as of April 2021, 32,4% of brokers prefer MT4. The platform’s simplicity, its capability with third-party solutions, as well as a huge number of functions made it very powerful and in-demand.
MT4 includes interactive charts, 9 timeframes, 23 analytical tools and 30 technical indicators that can help users trade. In addition, users can use stop loss and take profit parameters to control their trading process. Brokers can decide what types of orders to offer to their clients.
Here is the list of essential MetaTrader 4 plugins that can assist forex brokers and liquidity providers in making their businesses more efficient and profitable.
Pick up the ones you need as required by your company’s goals and challenges.
Liquidity Management MT4 Plugins
Quote Watcher
Stops trades for selected symbols if quotes are not updating
Crypto Adapter
Receives trades from MT4/MT5 server and passes them to Crypto exchange to execute; receives quotes from exchange and provides them to server
FIX API Splitter
Lets broker create multiple FIX sessions for providing liquidity or for FIX trading without server restart
Dealing MetaTrader 4 Plugins
Spread Limits
Controls minimum and maximum spread levels for symbols and securities
Spread Management
Increases spread for specific symbols for a certain period of time (such as the news, Monday’s open, an unusually slow price feed, etc.)
Risk Management
Quote Watcher
Stops trades for selected symbols if quotes are not updating
Real Margin Stopout
Deducts credit from the MetaTrader account when the client has no funds remaining
Risk Panel
Lets broker identify high-profit traders, scalpers, swing and news traders
StopOut Email Notifier
Monitors StopOut and MarginCall events happening on the trading platform and sends notification to traders via email, to let them know about these events
Swap Blocker
Blocks swap charges for specified trade accounts, if these accounts do not meet the conditions set by the broker
KYC Locker
Prevents accounts from creating new positions if their equity reaches the specified level at the end of the day
Anti-Fake Account
Identifies which accounts are using the same IP to prevent them from abusing broker’s platform
Leverage Switcher
Changes leverage on client accounts based on their balance or number of open positions
Negative Balance Protection
Allows to comply with the European Securities and Markets Authority regulations by preventing the situations when the trader’s balance drops below zero
Client Attraction MT4 Plugins for Brokers
Cross-Server Social Trading Software
Allows inexperienced traders to automatically copy trades of professionals
EasyMAM — Easy Multi Account Manager MT4 / MT5
Simultaneously distributes trades on 20,000 investors
Provides hide-open-trades option
Bonus Cashback
Metatrader plugin that allows to launch promotion for its clients. After each closed trade, a client receives a cashback based on the size of the trade
Flex Rebate
Metatrader plugin that allows broker to set up a multi-level agent commission structure
MT4 / MT5 PAMM
Allows traders to attach money to a specific trader managing one or more accounts
Net Open Position Limit
Allows to set the maximum amounts for the single and total instrument exposure
Data Management
White Label Transfer
Allows to transfer WL between MT4/MT5 servers, from one brokerage to another
Trade Mover
Allows broker to move a position from one account to another
WebRegistration Plus
Allows broker to create accounts via Telnet using the MetaTrader Server and to perform deposit and withdrawal operations
Account History Transfer
Facilitates migration of traders’ data
Broker Dashboard
Generates real-time reports on brokerage performance statitics: profit, number of new accounts, deposits, withdrawals, executed trades, cancelled trades, execution time
Database Compression
Reduces file size of MT4 databases, like orders.dat or daily.dat.
Deal Recorder
Metatrader plugin that records bid and ask values, margin, balance, equity and credit of the account at the moment of each trade deal happening
Inactive Accounts Cleaner
Сhecks inactive accounts on the server, and marks them for deletion to enable built-in MetaTrader archivation
Mass Accounts Copier
Transfers accounts and trading history from one server to another
Commission Management
Commission Converter
Metatrader plugin that replaces standard commission rules and allows to charge traders with “Currency per million USD traded” mode
Minimum Trading Commission
Sets the minimum trading commission for different levels – groups, securities, symbols
Custom Development of MT4 Plugins
Custom Development
We have 10 years of experience in MT4/MT5 custom development. If you haven’t found the right product, we’ll be happy to develop the one for you.
Get a two-week fully functional trial of any MetaTrader 4 plugin.
We also offer reduced prices for some our solutions for startup brokers. Fill out the form to learn more.
The installation of MT4 plugins for brokers and liquidity providers is done by our support team within one to two business days, depending on the complexity of the solution
Read more:
How to Organize Investment Management System?
Technology Stack We Use to Develop Metatrader 4/5 Products