To install MetaTrader 4 on your Mac, you’ll need to get a program called PlayOnMac. Additionally, some features might be unavailable depending on the brokerage you’re using, so practice with a demo account even if you’re familiar with the platform. Since MetaTrader was designed for the Unix operating system, you’ll have to jump through a few hoops to get it on a Mac, especially in the United States, where Mac-supporting forex brokers are scarce. Two of the three different account types offered by XM are commission-free and all of them allow 200 different positions to be open at once. XM offers leverage of 100:1 on major pairs for MetaTrader 4 users and 55 different pairs are available to trade. You can also find instructions for downloading the application. Full access to Expert Advisors is available, along with one-click trading, hedging and technical analysis tools.
Unfortunately, the United States is not one of these countries, but the platform does provide a dedicated MetaTrader for Mac program.Īccording to XM, the MetaTrader 4 for Mac application loses no functionality and remains as high-powered as it does on Windows. XM is a subsidiary of Trading Point Group, an FCA-regulated firm available in over 100 countries. CFDs are available at 20:1 and 10:1 leverage, but note that 83% of retail traders lose money on CFDs. Professional forex traders can get leverage as high as 500:1, but retail traders are limited to 30:1 on major pairs (EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD) and 20:1 on all other pairs.
Admiral Markets does not recommend using auto-mode Expert Advisors to maintain the integrity of the platform (unless you use Parallels).Īdmiral Markets is a U.K.-based broker regulated by four different international entities. You can find installation instructions on the website, but note that like Wine, there’s no promise of complete stability. Mac users will be happy to hear that Admiral Markets has its own MT4 application for Mac OS. Admiral Markets runs both MetaTrader 4 and 5 (along with their own platforms) and aims to make its customers as comfortable as possible. Though it’s not available to U.S.-based traders, Admiral Markets is one of the most complete forex and CFD brokers you’ll find today.
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