MT4 is thought to be the most popular trading platform. However, LiteFinance software designers offer even a more interesting product. The LiteFinance trading terminal is more straightforward and user-friendly, visually convenient, without being overloaded with ample functions. It does not suggest trading using Expert Advisors or uploading custom indicators. However, you can build both active and passive trading strategies based on the LiteFinance trading terminal, which is not provided in the MT4. Read on, and you will learn more about the benefits of the LiteFinance trading platform compared to the MT4.
LiteFinance online trading platform vs. MT4: choose the best
What trading platform do you prefer? As practice shows, the majority of traders choose MT4. The product by MetaQuotes has been so popular that no other trading terminal, including event MT5, could not outperform the MT4. However, I can’t say it is the perfect trading platform ever; it also has some flaws. The flaws of the MetaTrader 4 have been eliminated in the LiteFinance (LF) trading terminal. I will cover the pros and cons of the LF online platform further.
LiteFinance online trading platform compared to MT4
The LiteFinance trading platform is a full-featured tool that allows you to make trading transactions, develop investment strategies, manage statistics; you can do all of this in your client profile. MT4 is a trading platform (software) with trading charts and a number of trading tools. The LiteFinance trading terminal is an operating system, also including functions of a trading platform. You can learn more about the features of the LiteFinance Client Space here.
The first feature of the LiteFinance web platform is that it has a user-friendly and convenient interface. If you ask a person who has seen MT4 and LiteFinance terminal for the first time what he/she visually likes more, he/she will definitely choose the LF trading terminal. In terms of the convenience of the trading instruments’ location, MT4 definitely wins. The problem with the MetaTrader is that there are too many ample tools. Although most of the functions could be useful, they can confuse a beginner trader.
The LiteFinance interface is intuitive; it is more straightforward than MT4, there is nothing more than you need.
Another advantage of the LF platform is its speed. MT4 is installed on your PC while the LiteFinance terminal is on the broker’s server and operates directly in the browser. This eliminates the problem of low processing speed due to the incompatibility with the operating system. Also, MT4 is often criticized for its slow work due to the automatic loading of all sorts of "rubbish": unnecessary quotes, unnecessary news, etc. You can speed up the work of MT4 if you regularly delete the remnants of scripts and indicators, disable news updates, and delete some of the quotes. But why bother if you can use the LiteFinance terminal?
LiteFinance online terminal is faster than the MT4
The third benefit is that the LiteFinance trading platform is not only a trading terminal but also a service for passive income. Each trader can combine active trading with the passive investment strategy. One can copy signals of professional traders (forex copy trading), create a referral network (affiliate program), and so on. There is a trading community where you can copy the trading behavior and signals of successful traders. There is no such an opportunity in the MT4.
MT4 is only a trading platform. The LiteFinance terminal is a platform providing services for trading, copy trading, and affiliate networks.
The fourth advantage (of the LF built-in terminal is the analytical support package. Here you can find: the market sentiment indicator (which reflects the opinion of most traders cooperating with the broker), signals of technical indicators (stochastic, moving averages of different periods, Ichimoku, and so on), volatility data, price changes in percentages, and so on. In MT4, the developers tried to insert something like this, but the analytics is uploaded separately, slowing down the platform speed. Furthermore, the trader has to open additional serves, like Investing, to study the forecasts.
In the LiteFinance online terminal, statistics and analytics are always at hand.
Other advantages of the LiteFinance web platform:
There are additional technical tools. In addition to standard indicators present in the MT4, there are more than fifteen non-standard indicators: KDJ, Aroon, and others. You can add these tools to the MT4 manually, but you have to bother to find their working templates on the Internet, while LiteFinance offers built-in tools.
You can communicate with other traders. There is trader chat, and you can create your own channel.
It provides visual comparative features of price movements and trends for major assets.
However, despite the apparent benefits of the LiteFinance trading terminal, the MT4 platform has some indisputable advantages. That is why the MT4 remains one of the best. The LiteFinance web terminal was created to satisfy the needs of an ordinary trader. The MT4 is a trading platform for professionals. There is a built-in strategy tester for indicators and trading systems with backtesting. It supports algorithmic trading, creating templates, and so on.
What to choose: the LiteFinance web platform or the MT4? I suggest you use the advantages of both trading platforms. You can use the MT4 for comprehensive analysis and testing trading systems. It is convenient to use the LiteFinance terminal for intraday trading and the creation of passive investment strategies.
Summary. The LiteFinance trading platform was developed based on traders interested in a simple, convenient tool for comfortable trading. It has everything you need to analyze the market situation and make a trading decision. The trade managing features are optimal and always at hand. MT4 is software, an operating system with several basic tools. At the same time, the LiteFinance platform is a complete system for different types of making money, from active trading to copy trading and affiliate programs.
Are you a beginner trader or a professional willing to combine active and passive ways of earning a living? Your choice is the LiteFinance trading platform.
Are you a professional who values time, comfort, reliability? Your choice is the LiteFinance terminal.
Are you a trader who prefers trading with Expert Advisors who likes non-standard tools? Your choice is MT4. You can download the MetaTrader terminal on the LiteFinance website.
I suggest we discuss the ways to improve the LiteFinance Client Profile in the comments. What would you like to add or change? Feel free to write in the comments!
P.S. Did you like my article? Share it in social networks: it will be the best "thank you" :)
Useful links:
- I recommend trying to trade with a reliable broker here. The system allows you to trade by yourself or copy successful traders from all across the globe.
- Use my promo code BLOG to get a 50% deposit bonus on the LiteFinance platform. Simply enter this code in the appropriate field when funding your trading account.
- Telegram chat for traders: https://t.me/litefinancebrokerchat. We are sharing the signals and trading experience.
- Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders https://t.me/litefinance
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance broker. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2014/65/EU.
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