MetaTrader is a well-appreciated forex trading platform used for trading and analyzing the dynamics of the financial market. It offers MT4 brokers, white labels, and IBs access to advanced trading operations in a safe and reliable environment.

Thanks to its dedicated community and endless add-ons, tools, and trading bots, you can control your accounts in real-time, manage risks, and automate various tasks. Although MT4 comes with tons of useful functions, it is never enough. This brings the need for MetaTrader 4 plugin development to add on-demand functionalities and keep up with client’s requirements.

Let’s learn more about MetaTrader 4 and why there is a need for server plugins in the forex market.

Introduction to MetaTrader 4

MetaTrader 4 is a trading platform that provides retail traders leverage and access to a wide range of tools for trading. With these tools, you can set up and develop a robust trading algorithm, or simply use the platform for day-trading financial instruments offered by the broker.

It is developed by MetaQuotes in 2005 as an advanced trading platform to offer retail traders comprehensive technical analysis options, tools, and Expert Advisors (EAs). Due to its longevity in the retail trading marketplace, it has the ability to create and download EAs and the presence of the MT4 community.

MT4 brings endless opportunities for both beginners and experienced traders at any level of trading experience to enjoy a reliable trading experience.

MT4 Plugins for Functionality Expansion and Automation

MetaTrader 4 is considered a powerful and functional trading platform. However, to stand out from the crowd and automate some routine tasks, forex brokers do need MT4 server plugins. You can consult a programming team to develop a custom plugin or install ready to use solution to streamline and automate your business processes.

With a suitable integration solution, you can remotely launch a trade server, enable a quote feed or create an account for a new customer. It enables two-way communication with any third-party application, which in turn improves usability, cuts costs, and provides brand-new opportunities.

List of MT4 Plugins

• AMF Compliance – Designed to fulfill AMF authority requirements to reduce possible loss. It enables a guaranteed stop on every trade, depending on the volatility rate and investment firms.
• Auto Limit & Stop Levels – Adjust auto limit and stop levels in accordance with a scheduler to minimize risks brokers undertake during highly volatile market conditions.
• Competitions Manager – Plugin to manage competition start and end time for specified user groups and close client positions when the competition finishes.
• Flexible Leverage – Dynamically change traders’ leverage depending on their total open positions. You can use an infinite number of rules and graphic user interface to change settings.
• GAP Helper – Plugin for MT4 to manage order execution and proceed with all sorts of trades. You can choose an algorithm for each order type that increases brokers’ income and reduces risks.
• Multi Account Manager – Allows asset manager to handle multiple sub-accounts from a master account by dividing trades’ margin requirements. It supports up to 128 master accounts, each working with a specified allocation mode.
• Multi-Tier IB – IB plugin used to calculate and pay commissions in real-time. It can calculate rebates to pay back to the client if IB decides to split bonus fees with the client.

Conclusion:

If you are using MT4 for a long while and now your business starts to grow, the default functionality may fall short of brokers’ needs. Therefore, MT4 plugins and add-ons are required to streamline the workflow.

With these above-listed plugins, brokers can automate risk management, streamline IB remuneration processes, optimize dealing operations, and improve income-producing opportunities. Each is coupled with additional development, customizations, and technical advisory support to enable forex brokers to fine-tune their business operations.