Verithiathe honest score on any app
Updated July 2026 · real, multi-region App Store reviews
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The verdict on

MetaTrader 4

70
User verdict / 100 High confidence Loved, with caveats

MetaTrader 4 is widely praised for its ease of use and reliability for forex trading, but it is increasingly criticized for lacking modern features available in newer platforms like MT5 and cTrader.

4.8★ lifetime (81,027) Free to download since 2012 by MetaQuotes Software Corp. updated 3.9 mo ago recent negative 5% 120 reviews across 4 regions
Missing Features Ease of Use Performance & Stability User Interface Scam & Support Issues
5★830
4★84
3★17
2★12
1★36
recent reviews across 4 regions, vs the 4.8★ lifetime average

MetaTrader 4 is a popular and reliable mobile trading platform, especially favored for its straightforward interface and ease of use for forex trading. However, recent reviews highlight a significant gap in features compared to newer alternatives, with users frequently requesting updates for basic functionalities and a more modern user experience.

What users like

  • Easy to use and practical for tradingR5R8R12R21
  • Reliable and stable platform for executing tradesR8R16R22R28
  • Good for impulsive orders and supported by most brokersR24

What users complain about

  • Lacks modern features present in MT5 and other competitors, such as drag-and-drop for stop loss/take profit, price alerts, and advanced risk management toolsR40R190R327R337
  • Performance issues including lagging, freezing, and slow loading timesR302R612R710R978
  • Poor user interface and experience, with some finding it clunky and difficult to read on screenR312R373R412R481
  • Demo accounts frequently disconnect or get deleted, leading to loss of progressR393R575R942
  • Limited customization options for charts and indicators compared to desktop versions or other platformsR841R852
  • Absence of a 'Close All Trades' button and other bulk operationsR357R655R934
  • Reports of scam brokers or sellers on the platform, and issues with account deletion or withdrawal problemsR401R409R567R601

Latest update · v4.0.1470

What the developer says changed (the verdict above weighs this against what reviewers report):

Bug fixes and performance improvements

Recurring themes

Missing Features negative
Many users complain about the lack of essential modern features like drag-and-drop for stop loss/take profit, price alerts, risk management tools, and the ability to add custom EAs or indicators, often comparing it unfavorably to MT5 or other platforms.R40R190R327R337
Performance & Stability negative
Users report issues such as lagging, freezing, slow loading times, and frequent disconnections from demo accounts, which can lead to lost trades or inability to track progress. The developer's notes mention 'bug fixes and performance improvements', but recent reviews still highlight these issues.R302R393R575R612
User Interface negative
The app's interface is described as clunky, archaic, and difficult to use, with issues like blurry text, overlapping elements, and a lack of intuitive controls.R312R373R412R481
Scam & Support Issues negative
A significant number of reviews mention concerns about scams, fraudulent brokers, inability to withdraw funds, and poor or non-existent customer support.R401R409R567R601
Ease of Use positive
Despite its shortcomings, many users still find MT4 to be an easy, practical, and straightforward platform for executing trades, especially for forex.R5R8R12R21

Who it's for

MetaTrader 4 is for traders who prioritize a simple, reliable platform for basic forex trading and are comfortable with manual calculations and a less modern interface R5R8R12R22. It is not for users seeking advanced features like drag-and-drop stop loss/take profit, comprehensive risk management, or extensive chart customization, who would likely prefer MT5 or other modern alternatives R40R190R412.

Evidence note: The recent reviews skew heavily towards feature requests and performance issues, which contrasts with the high lifetime rating. This indicates a negative trajectory in user satisfaction due to the app's perceived stagnation compared to evolving market expectations. Many positive reviews are very brief and general, while negative reviews are detailed.

Frequently asked

Does MetaTrader 4 support drag-and-drop for stop loss and take profit levels?
No, MetaTrader 4 on mobile does not support drag-and-drop functionality for stop loss and take profit; users must manually calculate and type in the numbers, which many find time-consuming and inefficient R190R396R568R649.
Can I set price alerts in MetaTrader 4?
No, MetaTrader 4 currently lacks a price alert function for when price hits certain limits, a feature users desperately request and find available in many other trading apps R327R396R24.
Are there issues with demo accounts on MetaTrader 4?
Yes, several users report that their demo accounts frequently get disconnected or closed, making it impossible to monitor progression or track profits and losses accurately R393R575R942.
Is MetaTrader 4 suitable for advanced trading features like custom EAs or multi-timeframe charts?
No, MetaTrader 4 on mobile does not allow users to add their own Expert Advisors (EAs) to charts, run scripts, or access multi-timeframe charts, which are considered basic modern features by some traders R4R412.

What reviewers actually said

Built only from these 120 real reviews (foreign ones translated). Superscripts jump to the quote here. Apple has no per-review links, so [ref] opens that app's reviews on the App Store.

  1. [R5] 2/5 · US Very efficient and practical: Very efficient and practical
  2. [R8] 5/5 · US Very useful: Great with trading using this app. No compilations
  3. [R12] 5/5 · US Sr.: Simple , fácil , rápido y minimalista
  4. [R21] 5/5 · US Great platform: Easy to use, clear chart and functionalities
  5. [R16] 5/5 · US One of the best: Since I started trading professionally on mt4 I have always liked everything about it. Great job.
  6. [R22] 5/5 · US Really like the app: This app is great. Normally, the trade programs I get feel overly complicated. This has become the main tool to which I execute trades, because I can be anywhere and do my analysis. I even road tripped it for 30 days. Trading everywhere I had cell phone service. Was great. That’s how I want to live the rest of my life
  7. [R28] 5/5 · US Discipline: Still the best
  8. [R24] 5/5 · US Decent software.: Great for impulsive orders. Supported by most brokers. Not the easiest way to markup charts. A bit to small but in a pinch is alright. Possible improvements. • Price alerts and trend line alerts • Adding additional indicators. • Risk management features for account size Adjustable on purchase window. Display warning of percent and lot size taken. Could probably go on and on
  9. [R40] 2/5 · US NEVER UPDATED: I usually don’t write reviews, but I’ve gotta do this, this app is soooo under managed, in evolving times of AI, you still have to manually calculate your take profit and stop loss, unlike MT5 where it’s actually very good, this app is purposefully under managed, and it’s slowly going into extinction because there are competitors even against the MT5, please meta team, can you make
  10. [R190] 1/5 · US Stop loss: This is the only mobile platform that you can’t drag the stop loss besides you have to figure the numbers out and type it in while wasting time
  11. [R327] 3/5 · GB It’s serves a purpose: The app could do with a few more features, one it desperately needs is alerts for when price hits certain limits as a lot of other apps don’t align with the MT4 price
  12. [R337] 3/5 · GB Forexbae: It’s time for upgrade to new futures like mt5 and Ctrader!!!
  13. [R302] 3/5 · GB Review: It does get laggy
  14. [R612] 1/5 · CA The app freeze snd you will lose your money.: Bad frozen situations
  15. [R710] 1/5 · CA Absolutely garbage: Every once in a while, it gets stuck no matter what you do even if you remove it reinstall it still stuck absolutely garbage.
  16. [R978] 3/5 · AU Good app but would be good if you were able to set alerts and set time to AUS: I find this app good but I find that sometimes loading the app takes long. Sometimes even with good internet it takes forever to load. Would soo be good if you could pick Australia time as it does get confusing to trade on UK time.
  17. [R312] 1/5 · GB Blurry, hard to read on screen: Blurry
  18. [R373] 1/5 · GB Kiepsko: Nic nie widać wszystko nakłada się na siebie i jes jeden galimatias, tragedia jednym słowem, chyba że to tylko na moim telefonie😅
  19. [R412] 2/5 · GB Past its prime: MT4 is so archaic. It needs to retire or disappear from the market altogether. It was good back in the day but it no longer serves purpose. For example, the UI and user experience is incredibly clunky. There is no way to sync chart templates from one device to the other. No possible way to run scripts on the mobile version. No basic features such as multi timeframe charts, automati
  20. [R481] 1/5 · GB If App’s were around in 2001 !: Really poor app, awful interface compared to many others in the market place.
  21. [R393] 1/5 · GB Frustrating: Keep getting disconnected from my demo account every other week so I can’t monitor my progression at all. Also does this when I have multiple positions open so I just lose those trades. Been disconnected 3 times now. Also not clear how to contact support about this issue.
  22. [R575] 1/5 · CA Closeing my demo account: I am practicing trading and every so often this app just closes and cancels my demo accounts and i cant track my profits or losses accurately. This has happened 6times this year already. Ill be using a different app for trading moving forward
  23. [R942] 1/5 · AU Terrible: Demo account keeps logging out and I am unable to log back in- I have to delete apps and download if I want to continue. And how do you contact anyone for any help- you can’t send MT4 a message because it won’t go online. The information for fixing account log in problems is predominantly for Windows not iPad. It just seems like a hash job for the iPad and they keep suggesting to downloa
  24. [R841] 3/5 · AU Pepperstone: I do like the mt4 but the only thing that makes me dislike it are their choices of indicators are so minimal.
  25. [R852] 3/5 · AU Great Trading App: This is a wonderful trading app. Very easy to use. Oh have not given it a higher rating because there is a lot of room for improvement. It seems the developer has done the bare minimum to make it useful. For a higher rating i would like to see more options to customize the chart environment.Much more control over appearance. Introduce templates from the desktop app. I would also
  26. [R357] 2/5 · GB Come on….: It’s 2025, how have you not got a “Close All Trades” button/feature, take pride in your product
  27. [R655] 1/5 · CA No Bulk operations option and no Background running: KINDLY UPDATE THE MT4 to atleast match few features of MT5, including BACKGROUND RUNNING and BULK OPERATIONS
  28. [R934] 3/5 · AU Close all functions: When will you have the close all positions function?
  29. [R401] 1/5 · GB Scam: They make poor small traders
  30. [R409] 1/5 · GB Scammer Seller in this platform: They closed/deleted my account. No plausible explanation and no customer service. It happened after I reported a scam seller on the platform. The seller is Bogdan Ion Puscasu, who sells the EA Quantum Emperor. The reviews are paid, the results are fake, and it caused me financial loss. After my report, the platform deleted my accounts to hide the negative feedback.
  31. [R567] 1/5 · CA Don't use it, this is a hug scam: Scam
  32. [R601] 1/5 · CA Very useless app: Very useless app I can’t withdraw my money I can’t chat with customer care so so frustrating app🤦🏾‍♂️
  33. [R396] 3/5 · GB R: This app is okay, but could be made better with features analogous to the desk top version. Having the ability to drag take-profit and stop-loss levels would be convenient. Having a vertical timeline generated when a trade is place would be helpful too. Along with the bid and offer fast-trade-box, it would be useful to modify it with a close position feature too and finally a price alert funct
  34. [R568] 1/5 · CA Missing stage and drops for stop lost and take Profite.: Just if was possible to set up the profitt and the lost in the chart with the drage and drops was perfect.
  35. [R649] 1/5 · CA Drag and drop SL and TP: It’s so difficult to use the app efficiently without a drag and drop SL and TP. Please update the UI. Please
  36. [R4] 4/5 · US MT4: I love this app…! My only consistent feedback, - remains the same. Please, creators of this app…. Please make it possible to add our own EA’s to the charts… On This App..!!! Then it will absolutely get a 5 Star rating..!!🙂🤛🏻

Synthesized from 120 recent App Store reviews · updated July 2026 · View on the App Store