MT4 is a trading platform for forex investors, so new users will have a little difficulty accessing this platform. Therefore, we will guide you to create an MT4 account as well as how to use this trading platform most effectively. Let's find out through the article below.
Open a real MT4 account
Open MT4 demo account
What is an MT4 account?
Introduce
MT4 is famous for its role as an online trading platform with a clear and easy-to-use interface. This is a popular trading platform that offers a variety of products and services, the most prominent of which is the feature of predicting asset prices such as stocks, commodities, indices or foreign exchange.
When using MT4, investors can automate their transactions by planning strategies in advance. This feature helps MT4 differentiate itself from other platforms, becoming the leading intelligent trading system in the market.
The MetaQuotes team programmed MT4 in 2005, and it was licensed to operate on the market shortly thereafter. In addition to allowing users to place automatic trading orders, MT4 also provides charts showing changes in stock prices on the market. Through this, users can analyze fluctuations, make investment decisions and manage their accounts most effectively.
Advantages and disadvantages of MT4 account
MT4 platform has advantages such as:
● Provides many free features to users.
● Allows users to use many advanced measurement and analysis features.
● Fast and stable processing speed even with large volumes.
● Ensure safe transactions with few errors.
● The system allows multiple accounts to log in at the same time when making transactions.
● Free auto trading feature.
● Allows users to create their own warning limits.
● Supports analytical and technical features at many levels to suit the needs of users from new to professional.
MT4 is considered a user-friendly platform with many features to meet customer needs. Moreover, this is also a transparent and secure system, ensuring user information security. These advantages have helped MT4 gain the trust and support of many large trading floors. However, MT4 also has certain limitations, including:
● Occasionally the MT4 system will also experience problems during trading, but this number is insignificant.
● Limited in terms of feature diversity compared to MT5, many investors today have switched to using this platform.
MT4 User Guide
Download MT4 for PC
Step 1: Go to the link https://www.metatrader4.com/en/download and click on Download Metatrader 4 for PC. Wait a few seconds for the download to complete.
Step 2: Go to the folder containing the downloaded file, select Run, then select Yes and then select Next. It will take a short time for the computer to complete the installation of MT4 software.
Step 3: Open the app, select Sign Up to log in and make transactions.
Download MT4 on your phone
The steps to download the MT4 application to your phone are extremely simple.
● Access CH Play for Android operating system. In the search bar, type the keyword MetaTrader4, then click on the Install box to download the application to your phone. When the installation process is complete, select Open and log in to start using it.
● For IOS operating system, you need to access the App Store and search for the application using the keyword MetaTrader4. Click on the Get box and enter the ID Password to download.
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The simplest way to create an MT4 account
How to open MT4 demo account
MT4 demo account helps you learn and practice trading on this platform most effectively. This form of MT4 account allows traders to trade with virtual money, so they can practice any trading strategy without fear of affecting their capital. It can be said that this is the best option to help investors get acquainted before starting to use a real account to trade. To register, you need to fill in the required information in the form to create a free MT4 demo account. After successful registration, a confirmation email will be sent to you with your login information. Now you can start using the features this platform offers.
Open MT4 Account – Real Account
Once you have mastered the operations on the demo account, you can access the MT4 real account registration links through the brokerage sites. Next, fill in the personal information required by the system such as Full Name, Email, Phone Number... and enter the verification code sent via text message to identify the account. Then read and tick to agree to the terms of products and services. At this step, the system will review the request and respond to the results via your email.
Instructions for trading on MT4 platform
Step 1: At the Forex floor, follow the steps to register and identify your account.
Step 2: Log in to the MT4 platform and deposit funds into your wallet.
Step 3: Enter the login information sent to the registered email including Account, Password and Transaction Server.
Step 4: Place an order to trade.
MT4 demo account features
● $10,000 in virtual money to help you get familiar with the MT4 platform and the financial markets
● Real-time data to test your strategies accurately and efficiently without risk
● Access Expert Advisors to deploy your trading strategies and automate your trading
● Compatible with Windows and Android
● Free indicators and extensions to help you practice using chart trend indicators and technical analysis before opening a real account
Practice Risk-Free Trading on MetaTrader 4 Demo
The MetaTrader 4 demo account has the same interface as the live version of the MT4 platform, with four trading windows and over 80 trading instruments available. When you open an MT4 demo account, you will receive 10,000 euros of virtual money to invest as you wish. You can trade currency pairs, commodities, indices and cryptocurrencies. With a diverse portfolio of stocks available on the MT4 demo account, you can test your trading strategies and get familiar with one of the most popular trading platforms without any risk.
Additionally, you will get free access to the same indicators and extensions available for real accounts, including the Pivot Points indicator, Order History, and Renko indicator. Extensions include Mini Terminal, Hidden Orders, and Alert Manager, allowing you to fully customize the MT4 platform.
Difference between demo account and real MT4 account
● Trades made on your MT4 demo account will not be subject to slippage, interest and dividend adjustments or market fluctuations outside of regular trading hours.
● Your order may be rejected if you do not have enough funds to open the position, but unlike what can happen on a live account, your order will never be rejected because of size or price.
● Use advanced charts for free on MetaTrader 4 demo account and for a fee on live account
● Your position will not be closed if you do not have enough funds to cover the required margin and unrealized losses, which may occur on a real account.
Conclusion
The financial market offers investors attractive profits, including the MT4 trading platform. This article provides basic information, advantages and disadvantages as well as the simplest way to create an MT4 account. Hopefully the above sharing will help you, wish you make the right investment decisions with MT4.
