MetaTrader platform is perhaps the most widely used software to trade foreign exchange. These platforms are easy-to-use and designed for even those with little experience in the finance market. Although there may be other factors, the price is likely to be the one that stands out. These invaluable platforms are available for free. The brokers let anybody download the platforms at no cost.
Why? This article tries to answer why, go here?
The forex trading software is computer program which allows traders to be connected to the market. These platforms are frequently used to access forex and futures markets, as well as other financial services. Internet allows it to be connected with the markets. Without MetaTrader, small traders’ trading would be impossible. MetaTraders are very useful to traders. So, we ask “why aren’t the brokers selling them instead?”
MetaTrader, for example, is the trading platform of choice among forex brokers. They don’t just do it for the free. Because they’re interested in you dealing with them, they really do want you have the software and to test it. Brokers get paid when they deal with you.
How does a brokerage make money on deals? There are several ways. It is known as account management. In such an agreement, the brokerage firm will act in the role of the account holder. You may give the brokerage firm complete autonomy or direct them to only trade within your specified parameters. The answer will vary depending on what you agree to. Of course they will take a portion of any profits that you generate. To ensure that your account is managed properly, they should make profits and post no losses.