How to Open a Metatrader 4 Account Explained 2022
Since MetaTrader 4 is just a trading platform, you cannot open a trading account there. For that, you need to open an account on your broker`s website and then you will get all the information for you to log in to the account. If, for some reason, you still don`t have an MT4 trading account, here is a simple step-by-step guide on how it can be done.
How To Open a MetaTrader 4 Live Account
There are two ways to open an MT4 live account: through the terminal itself and on the broker`s website (in our case, it`s AdroFx). Let us consider both options and then take your pick. Before we start, download the trading platform to your computer or laptop. You can do it by clicking this link.
We will start with the MT4. Here is what you need to do next after you run the terminal:
● In the main menu in the "File" section you need to find the "Open an account" option:
● A window will appear, where you need to specify the brokerage company, through which you plan to trade. After that press the "Next" button;
● A new window will open, where it will be suggested to specify the type of the future trading account. Here it is necessary to choose the action "New real account" and press "Next":
- ● Now you are transferred to the broker`s website, and the next step is to enter the information into the registration form. The following personal data will be required:
- ● After that you need to confirm your email address:
- ● Once the email address is verified, you will be sent your live account credentials:
Another way to open an MT4 real account is right from your AdroFx dashboard. If you registered before, you can create a new account by clicking on the Account tab and then Open New Trading Account:
Now there will be a pop-up window where you need to specify the following features of your live account:
After you have set the leverage, account currency, and trading platform (account type), press the Open Account button, and then you will get an email with the login details. simple as that!
Before you can start trading, you will need to verify your identity by providing the required documents and only then deposit funds to your account. Please note that there are multiple different payment methods, including credit cards, e-wallets, and even cryptocurrencies. So, everyone will be able to find the best suitable way to fund the MetaTrader 4 account.
How to Open a MetaTrader 4 Demo Trading Account
Opening a demo account is extremely easy, much easier than a real one since you don`t have to verify it by sending KYC documents. It is especially important for beginners who are just taking their first steps in forex trading.
First off, go to the AdroFx home page and click on one of the available Start Trading buttons, or just use this link:
After that, you will get the same sign up form we have discussed above. Here you need to type your personal and contact information:
Double-check it so there will be no confusion later. After confirming the email address provided you can access your Client`s Area and open new accounts here.
For that, click on the Account tab and then MT4 Demo Accounts:
After that you will see a pop-window where you need to set the account type, currency, leverage, and account balance:
Once you specify the demo account features, click on the Open Account button, and login details will be sent to your email address, and you are good to go. Now you can start learning the available functions of the trading platform, test different strategies, as well as practice placing and closing trades.
As you can see, opening a MetaTrader 4 trading account is pretty simple and not that time-consuming. To trade more efficiently and to enhance your expertise, we advise you to pay attention to our blog and Market Analysis sections. All that will help you to stay up to date with the latest news and the best strategies as timing is one of the most crucial aspects of successful trading.