How Does the 24option MT4 Platform Work

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This article is intended to provide a brief guide on how to optimise the MetaTrader 4 (MT4) trading platform for optimal performance. It will cover how to handle the MT4 platform when it freezes, how to reduce max bars in a chart, how to optimise the RAM memory, how to edit profile settings, and it will also touch on custom indicators in MT4.

MetaTrader 4 is a leading platform for trading Forex, analysing different financial markets, and using Expert Advisors. Mobile trading, Trading Signals, and market integration are the vital parts of MetaTrader 4 that greatly enhance your Forex trading experience.

The MT4 platform has been widely used by professional traders in order to navigate through the world of Forex trading. But the journey can be a bit cumbersome, as your charts may eat up a lot of system memory and resources. You’ve probably noticed that your MT4 platform slows down occasionally, and experiences different problems such as:

  • Lagging
  • Freezes
  • Slowdowns
  • Chart lagging
  • Slow execution of orders

Unfortunately, this list problems isn’t limited to just these five, and you may experience additional problems such as updating problems, lagging indicators, and a complete system hang. So what do you do when the MT4 platform freezes? There aren’t any secrets to making MT4 faster, but you can easily improve your MT4 performance by following these MetaTrader optimisation tips:

Source: MetaTrader 4 – The Correlation Matrix, the Mini Terminal, and other windows open simultaneously

Optimising MT4 Performance

How to Reduce Max Bars in a Chart

  1. Open your Metatrader 4 platform
  2. Click Tools > Options > Charts and then find “Max bars”, located in the chart field
  3. Decrease this value by at least 50%
  4. If the performance still lags, keep decreasing the value until it becomes smooth
  5. Additionally, you can opt to decrease “Max bars in history” too

Very often, step number 5 is not needed, as reducing “Max bars in chart” alone should offer a dramatic performance increase. Steps 1–4 on the other hand, are extremely recommended, and should solve a lot of the performance related issues.

Source: MetaTrader 4 – Reducing the maximum bars in MT4

Optimise the Memory (RAM)

Generally speaking, active traders usually have more than one MetaTrader 4 terminal open during a trading session. This can be due to many different reasons, including the management of multiple accounts, demo trading, practising different trading strategies etc. The limiting factor to how many MetaTrader platforms you can run on a computer is based on the CPU speed and the memory available.

This can be an especially big problem when running MetaTrader on an older PC or Mac. However, even new computers might experience the same problems with MT4 lagging, high memory usage, and annoying slowdowns. Below, you will find a list of simple changes you can apply to MT4 in order to reduce MetaTrader’s memory leakage:

Source: MetaTrader 4 – Optimising memory in MT4

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  1. Try disabling features you do not use in the Publisher, Email and Events Tabs
  2. Disable ‘News’ in the Server Tab
  3. Press CTRL + M to Market Watch, then right-click and choose ‘Hide All’, deleting all pairs that are not in use
  4. Close all the charts that you are not using (it will save your computer memory)
  5. If you are running any Expert Advisors, consider disabling any logging functions if they are not required
  6. Restart MetaTrader from time to time, to maintain low memory usage

Use Profile Settings

Profile settings allow you to control and group the number of charts and currency pairs that are open at one time. You can use these settings to save and load only those pre-selected currency pairs.

Let’s look at an example:

Let’s say that in the morning you only wish to see charts related to EUR, GBP, and USD, while in the evening or the night you prefer to only see AUD, NZD, and JPY-related crosses. Using Profile settings, you can save a lot of time. First of all, you save a profile named “London” with charts such as EUR/USD, EUR/GBP, GBP/USD, and USDCHF. Then you can save a “Tokyo” profile that would only bring up pairs such as USD/JPY, AUD/JPY, GBP/JPY, and NZD/USD.

Source: MetaTrader 4 – Editing profile settings

Check Out Custom Indicators

If your CPU is constantly overloaded and you notice that MT4 is not responding at all, the culprit may be one of the custom-made indicators. On the other hand, the default indicators that come with MT4 and the MT4 Supreme Edition plugin are optimised, and don’t mess up with your computer memory footprint.

You need to check which custom indicator hangs your system and delete it. The problem is that many of the custom-coded indicators are badly coded and unoptimised. These indicators were developed by industry professionals, and though they offer more than 55 exclusive options, they don’t burden the CPU power or the RAM. One note of warning: If you download indicators from other sources, please use custom indicators only from recognised and verified sources.

Pro Tip: When you install a new indicator, you don’t need to restart your platform in order for your custom indicator to show up in MT4. Just refresh the navigator panel, and your new indicator should appear after a couple of seconds.

Source: MetaTrader 4 – How to install a new indicator

Get Educated on the MT4 Platform

Any potential issues you may experience when using the MT4 platform are always resolved quickly, and MT4 has vastly improved since its initial introduction to the markets. Today it is considered the top platform for online trading—and rightly so. It is important to make sure that you have a good understanding of the MT4 platform before you start trading with it.

Therefore, making sure to educate yourself prior to using it is the best course of action. Admiral Markets offers an extensive range of educational articles on trading that cover all sorts of topics, such as Forex trading strategies, trading indicators, ‘How to’ guides, tutorials, and much more. If you would like to learn more about MT4, why not check out Admiral Markets’ articles & tutorials section, and expand your trading knowledge before you trade with MT4! Alternatively, if you’re ready to trade on the live markets, click the banner below to download MetaTrader 4 for FREE!

About Admiral Markets
Admiral Markets is a multi-award winning, globally regulated Forex and CFD broker, offering trading on over 8,000 financial instruments via the world’s most popular trading platforms: MetaTrader 4 and MetaTrader 5. Start trading today!

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.

Is 24Option Scam? Broker review

On the web, you can find a lot about 24option. It is no surprise, because according to the statistics, 24option is the 2nd largest binary options broker in the world (Banc de Binary is 1st) However in this review, we will show you all information combined, making a big list of reasons why 24option is a scam or not.

24option is a binary options broker established in 2020 with headquarters in Limassol, Cyprus . Some may think this is s red flag, but, in fact, that is completely normal for binary options brokers. Most of them have their headquarters in Cyprus, because of regulatory purposes.

24option basic info

  • Official Website: www.24option.com
  • Headquarters: Limassol, Cyprus
  • Trading Platform: Tech Financials
  • 2nd largest binary options broker

Why is 24option scam?

I’ve read many complaints against 24option, saying that they scam people, they never let you withdraw your earned money, or even they lie about giving you free money and such. Those are all invalid reasons. Read on to see what I mean.

People complain, that they were offered free money (24option bonus) but then when it came down to paying customers out, there were problems. Yes – this situation can occur. But only if a customer has accepted a bonus AND has not completed all procedures needed for the bonus to be withdrawn. In order to withdraw money including the bonus offered by 24options, a customer is required to:

  • Upload necessary documents to prove the customer is, in fact, the person they claim to be
  • Complete wagering requirements (40x the value of the bonus)

If any of the above is not met, the withdrawal of the bonus funds is not possible. If you have this kind of problems, please, contact the customer support.

Another reason why clients might complain and dislike 24option is: losing their money. Trading binary options simply involves risk. Everyone should know that. It is an investment, with which your money is at risk if you do not invest (make trades) wisely. If you do not know what you are doing, please, learn something about binary options first and try trading on a demo account. You can do that either with 24option, but also with our demo account: x Binary Options Demo.

24Option regulations

24Options are regulated by important regulatory authorities of the world including the FCA in the United Kingdom, CySEC, Financial Market Authority and more. The complete list of regulators, that have approved trading with 24options can be found below – all of these official authorities have said “24Option is NOT a scam,” and gave them regulations.

A list of regulations found at www.24option.com

Their platform (Tech Financials)

Tech Financials is a platform programmed by a third-party company that creates binary options trading platforms not only for Banc de Binary but also for other brokers. 24Option is, however, one of the few brokers that use this platform.

This means that trading program, where traders make all the trades is not programmed by the broker itself, but by a different company. In the company’s intents is to make the platform as good as possible, in order to sell it to their clients (24option). If it was any sketchy, they would not buy it.

24option’s platform had to be reviewed by all regulatory authorities.

Have you been scammed by any broker? MyChargeBack might be able to help you! Fill the form below.

More information about 24option

Author

More about the author Step

I’ve wanted to build a business of some kind and earn money since I was in middle school. I wasn’t very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author

190 Responses to “Is 24Option Scam? Broker review”

I lost a house worth of money. DO NOT GO HERE it ruined my life

The worst trading plataform, don’t trust them, they will rip you off.
The worst trading plataform, they just rip me off 300 dollars from my account with the explanation was that the account was inactive for 1 month scammers, they don’t ever let you know that there is a fee for this and before they made close all my operations, because they had to makes changes to the plataform, without any notice. Im going to redraw my money now from this scammers.

Sir, is Premium 24option a scam? Can i still get my money from them?

Hello, I don’t know anything about 24option premium, I’m sorry.

Everywhere page I open that has to do with binaryoption or forex investments all have great customer reviews but when I tried investing with binaryoption, from plus option, to binomo to IQoption, I lost a lot. I still have someone helping me with my trades but I keep losing and now they want me to invest more money. I need to speak with people who have invested and had similar situations. Please reach out to me on my username

Hello, thank you for sharing your story. Trading is really complexive and long term activity. It took some time to find the right strategy, broker and the power to influence own psychology. Be patient. We wish you good luck.

24 option is a scam organised by Israelis, do NOT trade and watch out. you will find more infos on YouTube. Good luck to all of you

HI, so Option 24 is a scam. i invested money about 3 weeks ago, now they say i must pay 10% of the total profit made. they say because the american government and the IRS tax officials have found that a lot of money is made the thought binary trading. am i scammed or what. when i asked why they did not tell me prior they are not giving clear answers. is there a way of getting back the funds i invested??

Mlu did you get any help regarding your account. I also need help.

We are on the same boat. $100 =$1000, did I get No. Now they want withdrawal fees unexplained. That is 24option.

I 100% hate 24Option with all my heart.. They are thieves… Complete liars… Scammers….

Did you get your money back? Being Approached by a guy called Franco Lunga to invest

Got approached by Annika Luan, I haven’t invested anything, am so doubtful more especially being approached on social media . And they say they are using 24 option investment

hello sirs,,do you know Tatiana Konoplina > She said she is an account manager in 24option.please help me,,Ihave jnot invested yet but receiving calls from her and emails too.

The job of the account manager is to help you make your first deposit , if you don’t your account is not completed , they don’t call you to start trading or to take your money. Because when you deposit you get assigned to the Senior Account Manager who will be basically your mentor and tell you everything about trading. After that if you don’t want to trade or you don’t like it , you just withdraw your money and close your account , no questions asked and no fees! I know many people that work there.

HI I’m new to trading, my question is how is it possible to trade with minimum $200 investment under your own account? Normal broker would put you in a pool of shares under their account and managed by them, you have the option to join or not. When you trade using 24option is it your own share as in buying actual lot, or just your small portion under their share?

Dear Mozzax11, with 24Option and any other CFD brokers, it’s only a CFD. You don’t buy the stocks directly through them. However as you can read in the comment section below, it is not recommended to use 24Option!

Mr j.pro i had a friend of mine who meet a woman in facebook in the name of EDNA PEARL he says that within 48hrs we could have our gain profit. My friend immidiately finance because he trust EDNA. After 3 days jhon have his profit , but when he tried to withraw ,the company ask him 770 USD for withdrawal charges. Yes he paid it. But until now he had not withdrawn any money. Very negative. Help him . Im planning to invest or trade. But i have doubt now. Pls help us

Dear Michael, as we tell others – never trust anyone who says they will trade on your behalf. Always manage your own money. I am sad to say it, but I think you got scammed by this EDNA. Do not pay her any more money, she will never send you money back, be carefoul.

How does Metatrader 4 (MT4) Programming Work?

For all you trading geeks that like to program your own strategies, MT4 is your platform of dreams. The electronic trading platform, MetaTrader 4, is based on MetaQuotes Language 4 (MQL4), which gives you the power to program trading strategies. If you want to gain better control over your trading, it is useful to become familiar with the program, especially the MT4 Client Terminal, which is part of the online trading platform and is connected to a dealing center. The dealing center, in turn, is connected with other participants in the markets, including financial institutions.

The client terminal is what provides you with information, based on a set of parameters, including the state of the markets and even the relationship between the trader and the dealing center. So, what you get from this terminal is information regarding current prices, limits on minimum and maximum order size, stop orders, automated trading and much more. The information is consistently updated to provide you with a good picture of the current market situation.

Client Terminal Tools

  • The client terminal offers built-in and programming tools.
    Built-in Tools: These help in conducting technical analysis and executing manual trades. You gain access to various technical indicators, such as support & resistance lines, Fibonacci levels, trend channels and much more. The order management toolbar, on the other hand, gives you control over manual trade management. You also have the option of automating management for stop order positions.
  • Programming Tools: Both trade management and technical analysis on MT4 are implemented with the use of programming tools. MQL4 allows for the creation of programs via three types of applications – a custom indicator, an expert advisor and a script. The good news is that different types of programs can be used simultaneously, and they can even exchange data. In fact, manual management tools and applications can be used simultaneously, complementing one another.

The Basics of MetaTrader Programming

To be able to program MT4 according to your needs, you first need to understand some basic terms and concepts, such as price change or tick, as well as learn to comment in programs and control algorithms. Of course, the most important factor while trading is the tick or price change, which is what the basic mechanisms of the language, MQL4, runs on. Some of the other concepts that you should be familiar with include:

  • Program Types: Expert advisors, indicators and scripts are the various types of programs on MQL4, which take care of the entire gamut of trading in the financial markets. This is why you should familiarize yourself with the workings of these three programs, which will then help you make the most of MT4 for trading.
  • Data Types: Each program language uses a set of data types. While programming MetaTrader for your needs, you will need to understand and then choose the data types most relevant for your trading needs. Choosing the wrong data type could have negative consequences, not just in terms of slowing the program down but implementing incorrect actions.
  • Constants & Variables: While both are programming code objects, constants, as the name suggests, are items that remain the same, being set once for everything. On the other hand, a variable’s content can change. Any program requires both unchangeable code objects as well as those that can be modified.
  • Operations & Expressions: Essentially, these terms are used in the same way as they are in simple arithmetic. For instance, if we take f = x + y, we know that f, x and y are variables, while “=” and “+” are operational signs and x and y are expressions. The reason you need to know the features or expressions of certain operations is to ensure that you do not end up making subtle errors.
  • Functions: The robustness of any program comes from the ability to create and store different code fragments that delineate the rules of processing data to solve a problem or to complete a task. So, a function is a part of MQL4 that describes how data will be converted. However, to use functions, you need to first determine the function parameters. You can also create custom functions.
  • Operators: There are two types of operators – simple and compound, based on whether an action can be executed through a single operator (simple) or requires a group of operators (compound). All programs need operators. An operator is basically a phrase within an algorithmic language.

By knowing the basic concepts, you can be a step closer to effectively programming MT4 for your trading needs. On the other hand, if you need a bigger geek, you could seek professional help and guidance for programming, so that you can rest assured that your needs will get taken care of by an experienced and qualified professional.

Disclaimer
If you liked this educational article please consult our Risk Disclosure Notice before starting to trade. Trading leveraged products involves a high level of risk. You may lose more than your invested capital.

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    Perfect For Experienced Traders!

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