The main Russian broker, InstaForex, has just launched its Metatrader 4 or MT4 application for Android OS users on their mobile phones. Those who have joined Instaforex can now use this popular trading platform. In addition, with a trading application on a cell phone, one can stay "mobile" without having to be fixated on always opening a laptop or PC. It can be said the launch of this application is very appropriate as a trading solution for clients who have high mobility. This application is called "InstaForex MT4 droidTrader".
This application can be downloaded for free from the InstaForex website. After that, you can use the various features you want that are available in the desktop form on the platform. You can trade from the chart directly with price information sent in real-time. To do this, place your orders, including pending ones, and set the stop-loss and take-profit levels so that your trading is safe, and close and also set open positions. After that, of course, you can monitor the results of your open orders and their trading history. InstaForex is pleased to offer its clients the technical analysis tools of this new application for profit, such as the Fibonacci Retracement and Pivot Points calculator.
Unfortunately, this platform still has irregular operations, and some users have even filed complaints. The awkwardness is that this platform is very slow. The trick is probably to increase the speed of your phone connection, which means it has to be high-end, and high-end phones usually don't come cheap (here's the point).
Nevertheless, the release of MT4 for Android phones is a step forward shown by InstaForex . The reason is this broker rarely makes breakthroughs, as evidenced by the offering of the MT4 platform, which has always only been in desktop form for PCs. This broker seems too reluctant to follow the "innovation trend" launched by many rival brokers. But in the end, InstaForex MT4 droidTrader proves that InstaForex is not a conservative broker. Maybe after this, the application for iOS will also be launched. Let's wait.