Hello everyone, I just joined and saw this thread. I use Metatrader because I like the interface, and I program a lot of indicators and experts. Personally prefer this to any I have seen so far, although I would like to check out some of the other systems.
All the comments above are spot on, I think you have pinpointed the main reasons.
I don't trade with them for 2 reasons..
1. I don't trust my money being in Russia...
2. Last year I posted a question on their help forum, and while I was reviewing the forum I ran across a comment from the Metatrader people which stated that all orders sent to MT were manually input. In other words, you could have all the best expert in the world automatically making your trades, but ultimately success was dependent upon an operator sitting behind a terminal approving those orders. I found this rather frightening and felt that it defeated the purpose of auto execution programs. Consequently, I just use them for indicators.
Lastly, I find their opening and closing times difficult to work around, as I am in Colo.
Well, guess thats my take on Metatrader...
Good Trades to all..
Chief
