The Best MT4 Alternative: The All New Modulus M4 Forex Web Trading Platform
Forex traders and brokers have been searching for a viable MT4 alternative for years, but alternative trading platforms all fell short, as MT4 users found them awkward and confusing.
The all new Modulus M4 trading platform feels familiar to MT4 users and offers numerous advanced features which MT4 does not provide, all while using just one code-base for all operating systems and devices!
Based on our most advanced trading technologies, M4 has been re-designed from the ground up, specifically to meet the needs of today's traders who have previously preferred using MT4.
Modulus has been developing trading software for over twenty years. Many of the most popular trading platforms that used today have been developed on technology developed and provided by Modulus.
Thousands of traders provided the feedback which we integrated into the design of M4, which is efficient, intuitive, elegant and appealing.
While older trading platforms, such as MetaTrader 4 (MT4) will no longer be supported, Modulus M4 has been developed with the latest technologies and has been designed based on the requests of thousands of today's most active traders.
Your Competitive Advantage
With M4 Forex Editin, you can choose to customize the source code in-house and deploy the software on your own hardware. Alternatively, you may choose to have Modulus customize M4 to your specifications, then deploy and maintain your servers for you.
Customization, setup, and integration can be quick and painless, thanks to our professional service teams located in five countries, spread across four time zones, including our headquarters in the United States.
Modulus is the only financial technology company in the world which provides optional commercial source code licensing, as source code is necessary for financial institutions, not only for continuity of operation and business valuation, but also for compliance.
Designed by Expert Traders
Modulus M4 is a retail forex trading platform. But, it's not just any retail platform.
In designing M4, we sought the guidance of several world renowned, expert traders and educators.
We asked the question, "How would you design your ideal trading platform, starting from a clean slate?"
The answers and guidance we received from the experts, as well as from our trading clients, helped us shape the all-new Modulus M4: the nextgen trading platform with a familiar feel.
Each edition, including Forex, Futures, Equities, Equity Options, and Binary Options (coming soon) has been designed for only one particular market --- because "one size fits all" does not apply to financial markets. For example, what works well for futures does not work for binary options.
In designing M4, we also received feedback from hundreds of traders during beta testing, which helped shape the final user interface into the most intuitive, elegant and user-friendly design imaginable. Also, M4 looks and functions the same across all web browsers and operating systems, including tablets.
Traders today require high-performance terminals which can be accessed from any device. Frequent updates ensure that M4 offers the greatest browser and device compatibility, and the fastest order execution and response times of any comparable trading platform on the market.
Watch the 18-minute overview video on YouTube to learn how to increase your organization's customer acquisition and retention rates with M4!
M4 offers tons of optional features, including pattern recognition, to identify Channels, Double Bottoms, Double Tops, Flags, Head & Shoulders, Pennants, Trend, Triangles, Triple Bottoms, Triple Tops, Wedges, and other patterns.
Optionally, unleash our proprietary social media sentiment indicators in M4 to provide your traders with unique and rare insights into the markets, normally only available to advanced quantitative traders.
Our optional white label trading education package can be integrated into M4, enabling your traders to learn how to trade and be more confident utilizing a live trading platform.
Also, the Modulus TradeScript scripting add-in provides back testing, expert advisors, alerts and auto trading, enabling traders to identify more opportunities.
Just One Chance
You've got only one chance to impress your clients. A report from Compuware suggests that while 79% of consumers would retry a mobile app only once or twice if it failed to work the ﬁrst time, only 16% would give it more than two attempts. Poor mobile trading app design is therefore likely to discourage your clients from using your app again.
One of the most common complaints were a lack of features (26%), frequent crashing (23%), and poor design (22%).
Data from PrisMetric shows that 55% of consumers of Gen Z (16-22 in age) and Gen Y (23-34) say poor user experience of a mobile app will prompt them not to buy the products/services of the app, which translates into lost clients for your brokerage.
This is exactly why M4 is full of great features, it does not crash, and it has been designed for a great user experience.
Mobile devices and tablets are great for reviewing account information, but traders prefer a full featured laptop or desktop application for serious trading. That's why M4 works everywhere.
A study by Entrepreneur magazine showed that most users perform their most important research and work on laptops, with large screens and keyboards more conducive for typing and controlling their applications. For reviewing content, they turn to their phones.
What's important to them is the ability to access their accounts wherever they go, open their laptops and trade when they can, and switch seamlessly to the same account on all their devices.
Today's traders are comfortable in front of any screen. Their apps should offer device flexibility to accommodate that, which is exactly why we designed M4 to run on any browser and on any tablet.
M4 can be customized and configured to work with almost any liquidity provider, hub, or bridge. The M4 server can be customized for you by Modulus based on your requirements. Our preferred liquidity providers include DIVISA Capital, Dukascopy, First Derivatives, GAIN Capital, GBE Brokers, LMAX, Saxo Bank, SGT Markets, Sucden Financial, TOP FX, Citibank, Morgan Stanley, HSBC, UBS, Credit Suisse, Barclays Bank, JP Morgan Chase, Bank of America, Deutsche Bank, Goldman Sachs, CommerzbankThe Royal Bank of Scotland, and CFH Clearing.
Build vs. Buy
Are you paying for a subscription to a platform you don't really "own"? Are you worried there are critical software or connectivity problems you can't solve because you don't have the source code? What would happen if your trading platform provider went out of business or if their licensing server went offline?
Are you also worried about the associated risk, time, and money it takes to build a trading platform from scratch? You should be. The average trading platform takes over two years to develop.
M4 is a white-label trading platform that can be setup as turnkey service or as a customized solution. Full source code is an option. That means, full code for real-time quote screens, charting, portfolio tracking, auto-trading, scripting, expert advisors, stock scanning, alerts, auto trading / robo trading, CRM, payment processing, risk management, PAMM accounts and other advanced features.
Advanced Charting Engine
We asked thousands of traders which charting features and technical indicators they preferred to use in our charting engine. There were lots of valuable feature requests, and we added them all.
M4 features real-time, tick-by-tick charting with High-Low-Close bars, Open-High-Low-Close bars, 2D & 3D Candlestick charts, and optional Renko, Kagi, Three Line Break, Point & Figure, Candle-Volume, Equi-Volume, Shaded Equi-Volume, Heikin Ashi Candlesticks, and other price styles.
You can chart real-time market data; insert buy, sell, or exit symbols; insert text, trend lines, custom images, multiple indicators, and overlay indicators (share scales); display charts with semi-log or linear scaling; print charts; save charts as images; save/load charts to share with other M4 users and more.
Modulus charts offer the highest performance of any financial or scientific chart available. That is why NASA chose Modulus to provide scientific charting for the International Space Station.
Also, thanks to our clever programming with a doctype which triggers standards mode and capability to prevent browser extension execution, M4 is the first platform offering multiple external chart windows.
Financial Chart Programming Tutorial
The Original Technical Analysis Indicator Library Since 1997
M4 features over 100 popular technical indicators developed by Modulus, which can be customized with user-defined parameters.
After winning numerous awards from Futures magazine and Stocks & Commodities magazine for speed and accuracy, our indicator library has been continuously updated over the years to support all the latest technical indicators.
Our technical indicators have been validated by their authors whenever possible, so you can be sure the calculations are correct. In fact, many of the technical indicator authors are actually Modulus clients.
Our indicators are highly sought after. In fact, other platform providers have attempted to pirate our formulas in the past, even claiming "first in class" indicators in their own marketing material.
View a complete list of indicators with descriptions here.
To get start with distributing M4 to your trader clients, contact us or use the scheduler below to request a live demo and Q&A session. After all your questions are answered, you may choose from one of the following options:
Option 1: Instant White Label Setup
Pay a reasonably priced license fee up-front and agree to a modest monthly fee for maintenance, plus signup through our preferred liquidity provider hub, and we’ll get you up and running right away. We’ll customize the logo and include your brokerage name and URL in the software. You may choose from a list of many optional features to be included, as well.
Pros: Instant setup and less investment required up front.
Cons: Source code is unavailable with this option and customization options are limited.
Option 2: Turnkey Customized Solution
Pay a slightly higher, but still reasonable, license fee up-front and agree to a small monthly fee, plus signup through our preferred liquidity provider hub OR provide us with instructions to integrate with your preferred liquidity provider hub, and we’ll customize the platform to get you up and running as soon as possible. We’ll customize not only the logo and name of the software for you, but for additional fees, we can customize the software to any extent. We can even integrate with your CRM, sales funnel, onboarding module, website and much more. You may also pick and choose from many optional features to be included.
Pros: You get a plug-and-play, unique, proprietary, customized platform developed by Modulus.
Cons: Source code is unavailable with this option, but source code escrow is optional.
Option 3: Source Code Customized by Modulus or Your Company
Pay a higher license fee up-front for a source code license of the front-end client application and agree to a small monthly fee, plus signup through our preferred liquidity provider hub OR provide us with instructions to integrate with your preferred liquidity provider hub, and we’ll customize the platform to get you up and running as soon as possible. You may also make extensive customizations to the front-end client application in-house, using your own developers.
Pros: You get source code for the client front-end. No monthly fees for the front-end application. You get a plug-and-play, unique, proprietary, customized platform developed by Modulus or by your own, in-house developers.
Cons: Higher up-front costs.