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Metatrader is a forex trading platform developed by MetaQuotes Software Corp., specialized in creating software to the financial markets. The latest variation of Metatrader, at the time of this writing, is usually Metatrader 5 (MT5), though Metatrader 4 (MT4) is still widespread.
The entire Metatrader package is made up of server backend (for brokers) and the trading terminal (for clients). The entire software is accredited to financial brokers who have then distribute copies on the client software to their buyers. The communication between the hardware and client software over the web allows independent traders to have the latest price data along with execute their transactions throughout seconds – a engineering not available during the previous generations.