I have been thinking of reasons why MetaTrader is not so popular among big brokers. This question popped up in my mind when I was trying to collect the list of MetaTrader-compatible brokers. It was disappointed to find out that there is no big broker that use MT platform.
Having a quick look at MT functionality, you can notice that it is pretty awesome! On the left there are live streaming quotes clearly show in bid and ask. On the right of that, you can see a huge flexible chart with a large selection of built-in indicators as well as custom indicators to draw along. On the main toolbar, there are plenty of useful buttons like line studies buttons, charts buttons, and timeframe buttons. What I like the most is the buttom part. It is the terminal bar which contains list of open trades, account history, news, alerts, and journal organized in easy-access tabs.
If you use MT a bit, you'll learn more that you can write your own trading system, backtest it, plug it in the chart, and have it buy/sell for you. Isn't that cute?
But how come that MT platform is a losser in terms of broker attraction. What do you think?