MetaTrader 4 minimum deposit is in the range of $50 and $100 for the most competitive brokers, and this includes T4Trade as well. Nonetheless, being able to trade successfully, have more margin and being able to test your strategies and complete your trades with certainty will require you to deposit more substantial funds.
One of the major shifts that the internet and online trading have made possible, is the wider presence of brokers and trading platforms. As a result, rates and commissions have decreased, enabling anyone interested in online trading and CFDs to participate in the market at a relatively low cost. It’s also not surprising to notice that deposits for trading with MetaTrader 4 have fallen to around the $100 mark. This, nonetheless, is dependent on the broker you choose and the type of account you open.
The minimum deposit fees can also be influenced by the account type you select, depending on the broker. Most brokers provide quite a reasonable minimum deposit for those who wish to participate in trading. If you’re a beginner you possibly don’t want to deposit a lot of money when you first start trading, so depositing as little as possible will allow you to keep risk at a minimum.
On the contrary, not all low-risk strategies are profitable and trading with a small amount of capital will not get you far. A demo account could also be a starting point for those who have never traded as you can trade with virtual funds without risking your hard earned money.
To begin trading with MetaTrader 4, follow these steps:
As a beginner, you should opt for a demo account to get started. It could be a safer idea to first try the broker and MT4 through a demo account rather than go directly to a live trading account. Firstly, you need to select a broker and then go to their website to register for a demo account.
The easiest way to open a T4Trade Demo account is to click on the “Log in” button displayed at the top menu of the website, and then scroll down to click on the “Open Demo Account” button.
You can select your base currency, leverage and deposit amount at your convenience. Once you click the “Trade for Free” button, the system will create your demo account.
If you want to sign up for a live trading account, then just click “Register” and complete the form.
Downloading the platform
Once you’ve created your demo account, the next step is to download the MT4 trading platform. You can download the MT4 trading platform from T4Trade’s website, through Client Portal or if you want to download it on your mobile phone, you can go straight to the App Store of Google Play Store and search for T4Trade’s MT4 platform.
MetaTrader 4 Android devices
To install MetaTrader 4 on your Android device, visit the Google Play Store, search for MetaTrader 4, select it, tap the “Install” button, and then open it once the installation is complete.
The app will launch automatically. On the main menu, choose “Manage Accounts” from the dropdown and then click the “+” symbol from the top-right corner to login to your server. Type in your server and once this is found, add your credentials.
MetaTrader 4 iOS devices
For iOS devices, open the App Store, search for MetaTrader 4, click “Get”, double-click for installation. It will open automatically. Go to Settings > New Account > Log in to an existing account. Find the server and enter your username and password.
Login details
We have emailed your login credentials to you, and you can find them in the email you received upon signing up.
Log in using your account number and the password set during registration. If your device is private and not shared by others, tap the check box to save your password.
You’ll land in the Quotes section, where you can view the current prices. If you don’t see the Quotes tab, try signing in again using your credentials. By seeing the live Quotes it means you have successfully logged in.
Installing the platform
When MetaTrader 4 has been downloaded, open the setup to install the platform. Click next and once it’s ready, click finish. Your platform will open automatically or you can create a shortcut on your Desktop.
Finding the server
First, open MetaTrader 4.
Click “File” at the top left corner, then select “Open an Account,” and search for the server name provided in the email stating “Your Live account has been approved.” If you can’t find the server in the list, perform a server rescan and search for the server address.
Also if you can’t see it, simply type in the server address manually and click on the scan button. If you can view the name of the server that you are using then you will be sure that you are connected to the server.
Finishing up and getting started
Now, click on “existing trade account” and add your account number, password and click “Finish.” Once you have entered the right account and server details you will be able to log in.
The balance will display on the bottom right of the screen. If the connection bar on the bottom-right corner of your screen turns to green, you can tell that you are in.
Now, if you can’t see. With that, you need to enable the status bar by going to the menu bar, choosing “View” and then “Status Bar.”
Demo and live accounts
In case you need to start trading in a live account, you can do so without any problem. Yet, a live account involves risk so it is best to practice on a demo account first. In this way, you will learn how to open and close trades, set limit orders and trade effectively without risking your trading capital.
Choosing a reliable broker
One of the very crucial factors you must keep in mind before choosing your CFD broker. Is whether the broker is reliable and has extensive experience in the industry.
Their experience and good name might provide some assurance, but don’t rely entirely on them. An older broker may not be suitable. While a newer one may provide tools or services that can assist you in your trading learning path.
For lots of traders who work in the markets today. A good broker with a wide set of tools, including education. And a team to back them up, is very important and central to their success.
MetaTrader 4 Lower costs
Yet another factor that is especially important for more seasoned traders is lower costs, access to zero commission accounts. And other competitive spreads which will help increase their potential profits and minimise extra costs.
If you work with a broker that has expensive commissions, it is highly probable that you will owe more money for the fee than any profit received. Thus, do your research and take into account all the pros and cons of your favourite brokers before choosing one.
T4Trade offers unparalleled services, superb education to help all traders and the best trading platforms. If you start trading with T4Trade’s MT4 platform, you can be sure. That you will get all the help and support you need. As their dedicated multilingual support team is always available to help you 24/5 with all your trading needs.
Disclaimer: This material is for general informational and educational purposes only and should not be considered investment advice or an investment recommendation. T4Trade is not responsible for any data provided by third parties referenced or hyperlinked in this communication.
