MetaTrader 4 (MT4), is an electronic trading platform widely used by online retail foreign exchange traders. It was developed by MetaQuotes Software and was released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. The software consists of both a client and server component, the server component is run by the broker and the client software is provided to the broker’s customers. MT4 is known as the most popular Forex trading platform in the world.