Since its introduction in 2005, MetaTrader 4 (MT4) has become the most widely used Forex trading platform worldwide. Its developer, MetaQuotes Software, has continuously been making improvements to make the platform more powerful and secure and to add to its already impressive range of new features permanently.
MT4 also provides support for Android, iPhone, and iPad so that you can manage your trades on your tablet or smartphone from anywhere there is an Internet connection. The mobile version of the MT4 offers the same functionality as the desktop version, allowing traders to access the tools of the platform and even manage and place trades.
How Does MT4 for Windows Work?
MetaTrader4 for Windows comes as a downloadable app. It means the tool requires the initial installation to let users access all of its features and trading instruments. To get started with the software, you need to:
- Download MetaTrader4 for Windows with this MT4 installation file.
- Open the MT4.exe file and run the installation process.
- Configure the trading platform.
- Complete the setup on your local PC.
Once MT4 has been downloaded and set up in the trader's computer, the trader immediately receives access to live price data from the Forex markets. Besides, traders can also retrieve historical price data from the MT4 Historical Center that they can use to backtest their strategies and determine their effectiveness.
Simples Steps to Download MT4 for Windows with a Click
Since MetaTrader 4 is a tool, it doesn't provide access to trading directly but helps you to enter the financial markets with a broker. Make sure you sign in with a reliable broker and the best trading conditions. To start trading on MetaTrader4, you can sign up with MTrading, and a personal manager will guide you through all steps from registration to placing your first order. See for yourself how simple the MT4 for Windows installation process is.
MetaTrader is 100% compatible with all major Windows versions including the latest 10 and 11 OS configurations. The good news for users is that the platform does not have specific system requirements. It will run equally well on any machine.
We have already mentioned installation steps earlier. Now, let’s have a closer look at each of them to get it set right and start trading right away.
1. Download the MT4 Installer for Windows
All you need is to follow the MTrading official download page and click the “download” button to get an installer as shown below.
The system will not require any additional information. Anyone can download MT4 for Windows installer without registration. It is free to use.
2. Read the License Agreement
Every user is familiar with this stage. It is similar to other software you want to download. The Installer will ask you to read and agree with License Statements. Press “agree” or “next” to move on.
3. Install MT4 for Windows
After you agree with License and press the “next” button, the installation process will be launched automatically. Just wait for a couple of minutes until the program is set and ready to use on your device. The time required for software installation may depend on your CPU capacity and hardware quality.
4. Log in and Start Trading
The last stage is to click the “Finish” button to complete the installation process and open MT4 on your computer. Additionally, the system will create a desktop icon to let you easily find and launch the platform whenever needed.
To start trading, make sure you already have a MTrading account and simply sign in. If not, open a new account in just a few clicks to explore all the benefits of the leading trading platform for Windows devices.
How to Open a Trade with MT4 for Windows
After you successfully install MT4 for Windows, it is time to open the first trade. Make sure you are logged into your MTrading account to use different MetaTrader features like live price charts, technical indicators, built-in Expert Advisory, and more.
To place a trade, one needs to open a chart. First of all, it is required to define a trading instrument you want to buy or sell. It can be selected from the “Market Watch” window displayed on the left screen of the platform interface.
Note: if you cannot see the “Market Watch” window, press Ctrl + M to activate it.
When you select an instrument, it is required to open a price chart by right-clicking on the instrument. Then, select the “Chart Window”.
Now, you can place a trade anywhere on a chart. Simply choose an area and right-click. Then, select “Trading” – “New Order” to choose a type of order, set a stop-loss, and indicate the desired trading volume and other crucial parameters.
We also offer free demo accounts to try our service and test your strategies. MT4 delivers a wide range of charting options to allow traders to detect trading opportunities easily. Nine available timeframes, ranging from as short as a minute to as long as a month, help traders distinguish trends and identify patterns.
Also, there is a big assortment of technical indicators programmed into the software, ranging from simple Moving Averages to sophisticated Bollinger Bands. These indicators help in identifying the trend, entry and exit points, volumes, and risks. Get your ultimate trading platform now absolutely FREE!
Core MT4 for Windows Features
The platform has proved to be a flexible trading instrument with an array of exclusive features delivered out of the box. It comes with a set of integrated options that let traders make fast and precise decisions, identify potentially strong trends, and monitor the price movement. With MetaTrader4 for Windows, users will be able to implement:
Comprehensive Trading Systems
The tool comes with support for major execution modes. They include pending and stop orders, trailing stop function, and Instant Execution for maximum flexibility.
Technical Analysis
Benefit from expanded analytic opportunities, 30+ advanced Forex indicators, signals, and charts. Make the most of the Technical Analysis feature to overview market insights brought to you by a set of combined instruments to track the trend movement price, and other crucial parameters.
Secure and Convenient Trading with MT4 for Windows
The platform meets the highest requirements and standards when it comes to safe and secure trading. It supports the latest technologies and uses encryption to protect data exchange between the client and the trading platform itself. It comes with additional RSA signature functionality to protect personal trading accounts from the slightest hint on fraud.
How to Use MT4 under Real-Market Conditions
The convenience of automated trading is also available as MT4 features Expert Advisors that are designed to identify market trends that could indicate a trading opportunity and alert the trader. A simple drag-and-drop interface allows traders to add indicators and EAs to their charts easily.
Once traders are ready to make a trade, they can do so quickly from the Order menu. When the position has been opened, the trader can modify it or even close it at any time. It gives the traders full control over their trading activities.
Unlike other trading platforms, the MetaTrader 4 allows locking positions: A trader might hold positions to buy a certain amount of asset, and position to sell the same amount of the same asset at a time. Hedging positions like this enables clients to use enhanced trading strategies.
Try this ultimate trading tool now at zero cost, Download MT4 for Windows with a click!
MT4 also provides support for Android, iPhone, and iPad so that you can manage your trades on your tablet or smartphone from anywhere there is an Internet connection. The mobile version of the MT4 offers the same functionality as the desktop version, allowing traders to access the tools of the platform and even manage and place trades.
Read about trading strategies in our Education section:
- Best Forex Indicators
- Swing Trading for Beginners
- How to Benefit from Short-Selling
FAQs
Can you download MetaTrader 4 on Windows? ›
The MetaTrader 4 desktop app brings trading to the next level. Available for both Windows and Mac, the downloadable version of MT4 is its most powerful version yet.
How do I download MetaTrader 4 to my desktop? ›- Create an account. For a demo MT4 account, visit our MT4 demo account creation page.
- Once you have an account, open My IG.
- Click on 'add an account' at the bottom right of the screen.
- Select an MT4 forex account.
- Follow the on-screen prompts to complete the download process.
Do I need a broker for MetaTrader 4? You can't place any real trades within the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms unless you open a live account with a supporting broker.
Can I use MT4 for free? ›MetaTrader is free to download and use. If you're interested in learning more about the advanced data that's available through MT4, consider speaking with a financial advisor. MetaTrader has been around since 2005, and is an incredibly popular trading platform. It was founded by MetaQuotes, a software company.
How to install MetaTrader 4 on Windows 11? ›- Download MetaTrader 4 by clicking here (.exe file).
- Run the .exe file.
- Follow the installation process until it is complete.
- Double-tap on the icon to launch MetaTrader 4 for Windows.
- Enter your account data to log in if you already have an account at FBS broker.
- Click on the AvaTrade MetaTrader 4 download link here.
- Run the avafx.exe file.
- Enter your real or demo account login information.
- Begin trading.
The MetaTrader 4 web platform allows you to trade Forex from any browser and operating system (Windows, Mac, Linux) with no additional software.
Why can't I download MT4 on PC? ›In order to download a MT4 platform to your PC, you will need to acquire one from your FX broker. All MT4 brokers still have download links for MT4 trading platform, and you can get the latest version of the platform form them.
What app can I use instead of MetaTrader 4? ›- thinkorswim.
- eToro.
- E*Trade Web Platform.
- Binance Broker.
- Active Trader Pro.
- IEX.
- TradingView.
- TT Platform.
On September 23, 2022, users found MT4 banned and MT5 banned from the Apple App store. The company simply stated that these MetaQuotes instruments didn't comply with the App Store's review guidelines.
What is the difference between MetaTrader demo and real? ›
The major difference is that with Real accounts you will trade with real funds, while Demo accounts use virtual money with no real value to trade. Other than that, the market conditions for Demo accounts are exactly the same as they are for Real accounts, making them ideal for practicing your strategies.
How much does a MetaTrader 4 license cost? ›The MetaTrader 4 platform is generally free to access. There are no fees or charges for using the platform.
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 trade without MetaTrader? ›TradingView is a popular alternative to MT4 and MT5. It is often used by traders. However, you should always do your own research to find the MetaQuotes alternative for MT4 and MT5 platforms that suit your personal trading style and goals the best.
How do I open a MT4 real account on my computer? ›Real accounts, unlike demo accounts, cannot be opened from the terminal. They can only be opened by brokerage companies under certain terms and conditions. Real accounts are marked correspondingly in the "Navigator – Accounts" window. To start working with them, one must perform authorization.
Why is MetaTrader 4 not working? ›Take a look at the bottom right of the platform. If you see a message such as 'invalid account' or 'no connection', check your login details and try to log in again. Remember to use your MT4 details, not your normal IG details – you'll have a five or six-digit account number for MT4.
What is MetaTrader 4 for Windows? ›MetaTrader 4 is a platform for trading Forex, analyzing financial markets and using Expert Advisors. Mobile trading, Trading Signals and the Market are the integral parts of MetaTrader 4 that enhance your Forex trading experience.
Can you install MT4 and MT5 on PC? ›You can install and run multiple MetaTrader4 (MT4) / MetaTrader5 (MT5) apps on a single PC. If you wish to do so, make sure to change the installation folder name so it doesn't overlap with the existing MT4/MT5 folder name.
How do I get the latest version of MT4? ›To receive the update, connect to the MetaQuotes-Demo server located at demo.metaquotes.net:443. The update will be installed via the LiveUpdate system. The release build of the MetaTrader 4 platform will be issued after the test.
How to install script MT4? ›- Download and Install the Script to your desktop.
- Right click to copy the Script.
- Open MetaTrader 4.
- Click “File” -> “Open data folder” – “MQL” –> Scripts.
- Right click and paste.
- Close your MetaTrader 4 and reopen it.
How long will MT4 last? ›
Beginning 1 October 2021, they will be no longer be able to connect to their trading accounts.
What is the difference between MT4 and MT5 PC? ›MT5 is faster and more efficient than MT4, but it doesn't replace the previous platform as it is different and simply offers more than MT4 does. MT5 provides the ability to trade more instruments in almost all financial markets, including Forex, stocks, indices, commodities, and even cryptocurrencies.
Which MetaTrader is best? ›MetaTrader 5 is an excellent trading platform and has superior capabilities to MetaTrader 4 in certain areas such as back testing and DOM (depth of market). However, most Forex traders still prefer MetaTrader 4 to MetaTrader 5 when a choice is available.
How do I use MetaTrader 4 on my browser? ›- Visit the terminal.
- Either log in with an existing account or sign up.
- Fill out your data with the credentials you used to sign up with the broker.
- If you already have an account fill in your real or demo account credentials.
- Pick a trading server and choose OK.
- Execute your MT4 installer. ...
- In the folder field of installation, you'll have to add the characters” (1)” at the last of the path/directory. ...
- Tap Next and complete the installation.
- We've only created the first MT4 instance of the terminal.
There are two versions of the MetaTrader app for both Android and Apple iOS devices — including the MetaTrader 4 (MT4) app as well as the newer MetaTrader 5 (MT5) app, which continues to gain adoption.
Why MetaTrader is removed? ›According to Forbes, MetaTrader has been used to execute a new type of crypto scam called "pig butchering", where the scammer builds a long-term relationship with their victim before luring them to invest money after a while.
Why does everyone use MetaTrader 4? ›MT4 is popular for two reasons. The first is that it's highly customisable to your individual trading needs and preferences. The second is that it can automate your trading by implementing algorithms that open and close positions according to pre-set parameters.
Why do I trade better on a demo account? ›Demo accounts can provide some benefit to new traders because they allow the trader to become familiar with trading software and get a sense of how the market works.
Why brokers use MetaTrader? ›Order Types. MetaTrader 4 also allows you to place different order requests, which are Market order, Pending order, Stop Loss and Take Profit. Market orders are made as a way to guarantee your brokerage company that you allow the buying or selling of a given security at the current price.
How much is a demo account on MT4? ›
MT4 demo accounts are free to open, and you can start practising no-risk trades immediately in a live environment.
Is MetaTrader available for PC? ›Use the MetaTrader 5 web platform without downloading or installing any application. It allows you to trade on the Forex and exchange markets from any browser and operating system. All you need is an Internet connection. Access your account and start trading in just a couple of clicks.
Why is MT4 no longer available? ›MT4 and MT5 platforms were banned from September 2022. from the Apple store because of security issues.
Can I install MT4 and MT5 on same computer? ›Running MT4 and MT5 at once is possible; simply open them both up. The only restriction is that the trading accounts be managed on the appropriate application; MT4-based trading accounts on MT4 and MT5-based trading accounts on MT5.
How do I download an older version of MT4? ›If you need a rollback of MetaTrader 4, check out the app's version history on Uptodown. It includes all the file versions available to download off Uptodown for that app. Download rollbacks of MetaTrader 4 for Android.
How long does it take to install MT4? ›Installing MetaTrader 4 (MT4) on Windows is a fairly simple and straightforward process and should not take more than a few minutes. But before we move forward, to be able to run MetaTrader4 on your PC device, you should meet the following system requirements: Windows 2000 or later. 2.0 GHz or faster CPU.
Is MetaTrader 4 real or fake? ›MT4 and MT5 are safe to use, but scammers can still use them too. The fact a broker is using MT4 or MT5 does not automatically guarantee they are safe.
How do I run multiple MT4 on the same computer? ›- Execute your MT4 installer. ...
- In the folder field of installation, you'll have to add the characters” (1)” at the last of the path/directory. ...
- Tap Next and complete the installation.
- We've only created the first MT4 instance of the terminal.
MT4 Hardware Requirements
Windows 7, 8, 10. CPU at least 2,000 MHz. 512 MB RAM. 60 MB Hard Disk.