FAQs
MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients.
Is MetaTrader 4 easy to use? ›
It's simple and there are many guides and resources to help learn its ropes. This means MT4 works for nearly every skill level and trading experience. Another reason why MT4 is the number one choice for so many traders is that it's highly customisable.
How do you get money on MT4? ›
MT4 doesn't have a deposit or withdraw function, but you can fund by logging into My IG and clicking 'add funds' next to your MT4 account in the dashboard. You can also transfer funds to and from your MT4 account using your other IG accounts, by going to the 'live accounts' tab and clicking 'transfer funds. '
Does MetaTrader 4 use real money? ›
You can either open a live trading account in which you can deposit real money to trade and withdraw later, or you can open a demo account and trade with virtual funds. Most online CFD and forex brokers offer access to the MT4 platform for free, which can be downloaded on your desktop or mobile.
Why do people use MT4? ›
Although it's most commonly associated with forex trading, MetaTrader 4 can be used to trade a range of markets including forex, indices and commodities, via CFDs or spread betting. MT4 is popular for two reasons. The first is that it's highly customisable to your individual trading needs and preferences.
How much money do you need to start trading on MetaTrader? ›
Is there a minimum deposit to trade on MetaTrader 4? Yes, the minimum deposit is $100.
Which MetaTrader is best for beginners? ›
While MT4 may be more suitable for beginner traders and those focused primarily on forex trading, MT5 offers additional features and functionalities that cater to more advanced traders and investors seeking a broader range of assets and trading opportunities.
How to withdraw money on MetaTrader 4? ›
The withdrawal methods available to you will depend on your broker. Some brokers offer a limited range of methods while others have several options available. The common withdrawal methods include wire transfers, credit and debit cards, and online payment solutions such as Skrill, PayPal, Neteller, and WebMoney.
What is the disadvantage of MT4? ›
MT4 was primarily designed to operate on a Windows operating system. As a result, Mac or Linux users may not experience the same level of performance as Windows users. Even though there are workarounds, this could be a drawback for those who choose to use alternative operating systems.
Can you use MT4 in the US? ›
Yes, you can. With MetaTrader 4 you have the option to set buy and sell limits in the 'orders' window. They are presented as the 'stop loss' and 'take profit' options.
Does MetaTrader 4 cost money? MetaTrader 4 is completely free to use, whether you have a demo or live account. That said, you can still incur trading costs charged by your broker (or market-maker) in the form of spreads and commissions when you buy or sell securities such as forex and CFDs.
How to trade with MetaTrader 4 for beginners? ›
Open a position
- Symbol – this drop-down menu allows you to select which market you would like to trade.
- Volume – for a CFD account this is the number of contracts you would like to trade.
- Stop loss – if you want to use a stop to close the trade if it moves against you, enter your desired level here.
Customizability and security, simplicity of use, graphical capabilities, and high performance are all aspects of MetaTrader 4. Many traders wonder if MetaTrader 4 is trustworthy and lawful. Yes, the MT4 WebTrader trading platform is legitimate.
How do I put money on MetaTrader? ›
You can deposit or transfer funds to your MT4 account by logging in to My IG, and clicking 'add funds' next to your MT4 account in the dashboard area. To deposit via the mobile app, you would need to make sure your regular IG Forex account is “active”, and transfer the funds to your MT4 account.
How to cash out on MetaTrader 4? ›
All deposits and withdrawals have to be facilitated by your broker through your real trading account. To initiate a withdrawal, simply log into your real account portal, select the funding tab, and find the withdraw function.
Should I trade on MetaTrader 4 or 5? ›
While MT4 may be more suitable for beginner traders and those focused primarily on forex trading, MT5 offers additional features and functionalities that cater to more advanced traders and investors seeking a broader range of assets and trading opportunities.
How much money do you need for MetaTrader? ›
Is there a minimum deposit to trade on MetaTrader 5? Yes, the minimum deposit is $100.
