The Foreign Exchange Market is, perhaps, the most technologically advanced market in the world today. However, the majority of Forex trading platforms are not available natively to Mac OS. It comes as no surprise that this has become a bit of a problem, as the operating system has become extremely popular. In this article we are going to cover some of the ways you can trade currencies on your Mac.
Web Trading App
As it happens, there are a few trading terminals that you are able to run in your Mac browser. Perhaps the most advanced of these is cTrader, a powerful tool that runs in any browser and has a wide variety of features that are almost identical to the ‘standalone’ version.
As another option, you can opt for a web version of MetaTrader. This platform was released in August 2015 but it has not been updated frequently since then. If you are a humble rookie trader who is looking for the right place to get stuck in, it could well be a solid choice.
So there are two possible options if you wish to trade via a web browser. cTrader is recommended for those that (generally speaking) have more experience and need the more precise tools, and then for those that are just starting out in the world of Forex, MetaTrader is more likely for you. If, however, you don’t fall in either of those categories – I suggest you continue reading!
MT4 on Your Mac – the Hard Way
MT4 is not supported on Mac by its developer, MetaQuotes, but it is possible to try a not-so-simple workaround. Firstly, you would need to get PlayOnMac, a free piece of software that is designed to run Windows applications. Once you have downloaded and installed the software, you will be asked to install XQuartz, which is an extra component that you will need.
You will also need another free application called Wine, which is essential in helping your Mac run Windows applications via PlayOnMac.
The last step in the process is to download an .exe file of MetaTrader 4 from their website and then open it using PlayOnMac. The Windows Installation Wizard will appear and you can then follow the simple steps to install MT4. After which, you are ready to go! Just make sure you open it via PlayOnMac! It might sound tricky, but it is actually relatively straightforward for anyone who is tech-savvy.
As one final option, it is possible to get a pseudo-native MT4 application for Mac OS. This strange-sounding piece of software is just a pre-wrapped .exe file that comes as a native .dmg file. Once you have downloaded it, install in in the usual fashion via Mac’s installer, and voila! The main problem with this method is that there are not many brokers that support this technology, so it is quite limited in its applicable scope. However, you may still give Admiral Markets MT4 for Mac a try.
As both PlayOnMac and pseudo-native applications are not regarded as ‘official’ by MetaQuotes, you should not expect Expert Advisors to be supported either – and you may well experience some glitches. Finally, if it is essential to you that you have complete stability in your platform, and you are serious about Forex trading, I think the best solution is to just get a Windows computer and run MT4 natively.
*This post was published according to the "Contributed Article Terms and Conditions"