FAQs
MT4 allows you to access all Forex quotes in real-time and execute trades simultaneously. You can also view additional details about a currency pair, including its spread, margin, contract size, and the number of buy and sell orders. If the bid is greater than the sell, the market trend is considered bullish.
What is the purpose of MetaTrader 4? ›
MetaTrader 4 (MT4) is a trading platform developed by MetaQuotes in 2005. Although it is most commonly associated with forex trading, MetaTrader 4 can be used to trade a range of markets including forex, indices, cryptocurrencies, and commodities, via CFDs.
How do I get my money from MetaTrader 4? ›
MetaTrader 4
- Log in as normal to your CFD or spread betting account at www.ig.com/uk/login.
- Go to My Account.
- Switch to your MT4 account using the dropdown menu on the top-right.
- Click Payments, followed by Withdraw Funds.
- Follow the on-screen instructions to withdraw funds from the account.
We found that US traders are offered four different platforms to trade from. This includes MetaTrader 4, the fully customizable OANDA Trade web and desktop platform and trading app.
How much money do you need for MetaTrader 4? ›
Is there a minimum deposit to trade on MetaTrader 4? Yes, the minimum deposit is $100. We'd always recommend making sure you have more than the minimum available, to afford you more flexibility with your strategy.
Can you get real money from MetaTrader 4? ›
Once you register with a specific broker you will be able to trade through their version of MT4 and any profits you will be able to withdraw from the broker's Client Portal, and not the MT4. The MetaTrader 4 platform doesn't come with a built-in feature where you can deposit or withdraw funds.
Do I need a broker to use MetaTrader 4? ›
But traders should note that they cannot trade the live markets with real money without signing up with a broker. MT4 is a medium that lets traders place orders to trade the live markets. These orders are then automatically sent to the broker so that they can be executed. MT4 on its own cannot execute trading orders.
Why do most traders use MT4? ›
MT4 can help traders of all levels execute even complex trading strategies with a combination of 2 market orders, 4 pending orders, 2 stop orders, and a trailing stop. The platform also supports three execution modes (instant, request, and market), boosting flexibility.
What broker should I use for MetaTrader 4? ›
XTB is one of the most popular MT4 broker across most measurable metrics. First and foremost, there is no minimum deposit to get started and XTB is regulated by multiple financial bodies. This includes the UK regulator, the Financial Conduct Authority (FCA) – so XTB should be considered a safe place to trade.
Can someone withdraw money from my MT4 account? ›
To comply with generally accepted anti-money-laundering rules and regulations, your broker can only allow you to withdraw money to a bank account in the same name as your MT4 trading account.
On the Market Watch window, double click on the asset you wish to trade (you can also right-click on your desired asset and then select 'New order') Right-click on the Trade tab on the lower terminal and select 'New Order' Press F9 for one-click trading on the chart of your favourite asset.
Is MT4 good for beginners? ›
The biggest advantage of using MT4 is that it can be just as useful to beginners and experienced traders alike. That means, as novice traders gain more knowledge and experience, they can continue using the advanced features of MT4 to execute trades.
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.
