ForexMaster Suite MT4 – Free Download

Introduction ForexMaster Suite 

The world of forex trading is ever-evolving, with tools and platforms constantly emerging to make trading more efficient, profitable, and user-friendly. One such tool is the ForexMaster Suite, a powerful platform designed to enhance the trading experience by providing an array of features that allow for swift and precise trading operations. This article provides a detailed review of ForexMaster Suite, its features, advantages, and disadvantages, helping traders make informed decisions about its usage.

Overview of ForexMaster Suite

ForexMaster Suite is a versatile trading tool that consolidates numerous functionalities into a single platform, making it a one-stop solution for forex traders. From executing basic trading operations to advanced risk management and trade analysis, this suite offers a comprehensive set of features that cater to both novice and experienced traders.

Technical Specifications

Version: 1.0
Year of issue: 2024
Working pairs: Any
Recommended timeframe: Any
Minimum Deposit: $100
Average of account: 1:30 To 1:500

Best Brokers List

ForexMaster Suite works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

ForexMaster Suite Settings

 

Key Features of ForexMaster Suite

1. Basic Trading Operations

ForexMaster Suite simplifies the execution of basic trading operations with one-click functionality, which includes:

• Opening Pending Orders and Positions: Users can quickly open orders and positions, streamlining the trading process.
• Grid of Orders: The platform allows the opening of a grid of orders, enabling traders to manage multiple positions effectively.
• Position Reversal: The tool provides a feature to close a current position and simultaneously open an opposite one, optimizing trading strategies.
• Position Locking: Traders can balance their BUY and SELL positions by opening opposite positions to lock in the desired trade volumes.
• Partial Position Closing: ForexMaster Suite offers a partial closing feature, allowing traders to secure profits or limit losses progressively.

2. Advanced Order Management

The suite goes beyond basic trading by offering advanced order management tools:

• Automatic Deal Volume Calculation: The tool automatically calculates the deal volume based on the established risk, ensuring traders adhere to their risk management strategies.
• Multiple Order Openings: It supports the opening of multiple orders with a single click, distributing the calculated volume efficiently.
• Order Opening Marks: Visual markers on the chart help traders visualize trading levels before placing orders.
• Spread Limitation: Traders can set a limit on the maximum spread when opening positions, protecting them from unfavorable market conditions.
• Virtual Stop Loss and Take Profit: The platform supports virtual management of Stop Loss and Take Profit, providing additional flexibility.

3. Risk Management and Trade Analysis

ForexMaster Suite integrates risk management and trade analysis tools to help traders monitor and control their trading activities:

• Risk Monitoring: The platform tracks profits and losses daily, weekly, and monthly, helping traders stay within their risk limits.
• Trading Reports: Detailed trading reports on all symbols or the current symbol allow for in-depth analysis of trading performance.
• Loss and Profit Limits: Daily, weekly, and monthly limits can be set to protect against significant losses or excessive trading.
• Alerts and Notifications: The suite offers customizable alerts that notify traders of important events via chart messages, mobile notifications, or emails.

4. Trailing Stops and Break-Even Functions

The platform offers advanced trailing stop functions and break-even settings, which include:

• Six Types of Trailing Stops: Traders can choose from various trailing stop algorithms to suit their trading strategy.
• Virtual and Real Stops: The platform supports both virtual and real trailing stops and break-even settings, providing versatility in trade management.
• Partial Closing Levels: Multiple levels for partial closing can be set based on different parameters, enabling traders to secure profits gradually.

5. Chart Management and Alerts

ForexMaster Suite also includes comprehensive chart management features and customizable alerts:

• Symbol Switching: The tool allows easy switching between symbols on terminal charts, making multi-symbol analysis seamless.
• Symbol Lists and Favorites: Traders can create and manage symbol lists, with the option to highlight favorite symbols and track market conditions.
• Alert Settings: Alerts can be configured to trigger based on price movements, time, or other predefined criteria, ensuring traders never miss crucial trading opportunities.

Advantages of ForexMaster Suite

ForexMaster Suite offers numerous benefits that make it an attractive option for forex traders:

1. Efficiency in Trading Operations

The one-click trading functionalities significantly reduce the time required to execute trades, enabling traders to respond quickly to market changes.

2. Comprehensive Risk Management

With built-in risk management tools, traders can easily monitor and limit their exposure, helping to protect their capital in volatile markets.

3. Advanced Order Customization

The suite provides extensive customization options for orders, allowing traders to tailor their strategies according to their risk tolerance and market conditions.

4. Enhanced Trade Analysis

The detailed trading reports and chart management features support thorough analysis, helping traders refine their strategies and improve performance.

5. User-Friendly Interface

Despite its extensive feature set, ForexMaster Suite is designed with user experience in mind, making it accessible to both beginners and experienced traders.

Disadvantages of ForexMaster Suite

While ForexMaster Suite has many strengths, it also has some drawbacks:

1. Complexity for Beginners

The extensive range of features can be overwhelming for new traders, requiring a steep learning curve to utilize the tool effectively.

2. Potential Over-Reliance on Automation

The automated features, while convenient, might lead to over-reliance on the tool, potentially causing traders to overlook market fundamentals and manual analysis.

3. Resource-Intensive

The platform’s advanced features may require significant computing resources, which could affect the performance of older or less powerful systems.

4. Cost Considerations

If ForexMaster Suite comes with a subscription or licensing fee, this could be a barrier for traders who are just starting or who trade with small accounts.

Conclusion

ForexMaster Suite is a powerful and comprehensive tool designed to enhance the forex trading experience by offering a wide range of features that streamline trading operations, improve risk management, and support in-depth trade analysis. While it provides significant advantages in terms of efficiency and customization, it may be complex for beginners and could lead to an over-reliance on automation. Traders considering ForexMaster Suite should weigh these factors carefully to determine if it aligns with their trading style and needs.

Download ForexMaster Suite

Please try for at least a week an ICMarket demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.