Popular trading platforms like MetaTrader 4 come with in-built functionality that’s enough to set up operations initially. But as your business starts growing, the default functionality may fall short and additional plugins are required to meet brokers’ special requirements.

There is a plethora of MT4 plugins for brokers available that can help automate risk management, streamline IB remuneration processes, and optimize dealing operations. Each package usually comes with additional development and customization to fine-tune business processes or gain insightful knowledge from industry experts.

Let’s take a look at the top MT4 plugins for functionality expansion and automation.

1. AMF Compliance

This plugin for the MT4 server is designed to fulfill AMF authority requirements to reduce possible customer loss. It forces a guaranteed stop on every trade and is responsible for the supervision of financial markets.

2. Auto Limit & Stop Levels

This plugin can help adjust limit and stop levels of symbols to reduce risks brokers might encounter during highly volatile market conditions. You will be able to specify precise start and end times to run a repeatable scheduler with an unlimited set of rules.

3. Competitions Manager

Choose a suitable plugin hosting mode and license period to manage competitions’ start and end times. It also allows you to close client positions when the competition finishes.

4. Flexible Leverage

This MT4 plugin is designed for those who don’t want to settle for anything less than extraordinary. It can dynamically change a trader’s leverage depending on his total open positions. It includes an infinite number of rules and a graphical user interface to change settings.

5. GAP Helper

This plugin is intended to execute trades by price confirmation and using the worst prices. It simply requires a few ticks to be in a row and satisfy the rule to confirm execution. It can proceed with all sorts of trades, and you can pick an algorithm for each order type. It can eventually increase a broker’s income and minimizes risks.

6. Multi Account Manager

The MAM plugin allows the asset manager to handle multiple sub-accounts from a master account by dividing trades’ margin requirements between them. It supports up to 128 master accounts, each working with a specified allocation mode and managing a specific group of sub-accounts.

Why Integrate MT4 Plugins?

MetaTrader 4 plugins and tools can help brokers, their white labels, and IBs at every step of the brokerage business cycle. You can either add one at the beginning of your journey or some more as you grow to attract a huge audience. Integrating MT4 plugins into your existing trading platform can help differentiate and scale your business in the forex market.

Risk Management

• Risk reduction

• Profit maximization

• Dealing automation

Reporting and Server Data

• Complete automation of reporting process

• Hassle-free service data collection

• Routine task automation

Automation

• Error-free updates of MT4 settings

• Automation of settings configuration

• Saving ample time and effort for your team

Integration & Expansion

• Brokers site with extended functionality

• Increased conversion rate

• Improved trading experience

Client Management

• Attract clients with reliable investment programs

• Control over brokers’ exposure with a single account

• Increase trade volumes

• Automate bonus programs

Conclusion:

If you’ve been using MT4 and MT5 for a long while, it’s time to advance its functionality to automate and simplify trading operations. When selecting a plugin or JSON web API, consider the trustworthiness of the broker, pricing, customer service quality, features, and available add-ons offered.

Integrate the above-listed turnkey solutions into your trading platform and stand out in the forex marketplace.