The server component is run by the broker and the client software is provided to the broker’s customers, who use it to see live streaming prices and charts, to place orders, and to manage their accounts. The software consists of both a client and server component. The software is licensed to foreign exchange brokers who provide the software to their clients. It was developed by MetaQuotes Software and released in 2005. MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. Trading platform, Technical analysis software