How to create a MetaTrader 4 trading account?
This article is intended to guide you on how to create a trading account on the MetaTrader 4 platform. We will also go through the different features available to you, such as opening a demo trading account on the MetaTrader 4 platform, or how to install the platform on your different devices.
In order to be able to trade on MetaTrader 4, whether through a real or a demo account, two major elements must be taken into account. The first one is the installation of the MT4 terminal (which acts as a platform). The second one is the registration and creation of a trading account – demo, real or both – through which you will connect to the MetaTrader platform.
We will start with the opening of a real trading account on MetaTrader 4, which requires a combination of the following elements.
First steps on a MetaTrader 4 real trading account
To start with MT4, simply follow these four steps:
- Download MetaTrader 4
- Install MetaTrader 4
- Open a trading account with a broker
- Log in to MetaTrader 4 with your login details
We will now go through these four steps one by one.
Download MetaTrader 4
This first step is quite easy; you just need to go to the MetaTrader 4 platform page on our website, and click on the link corresponding to your device's operating system. If you are using a PC or Mac, download the software to your computer, and then run the file to complete the software installation.
If you are using a smartphone, simply download the application corresponding to your operating system. For Apple devices, download the iOS MetaTrader 4 application available on the App Store. For Android devices, download the MetaTrader 4 application from the Google Play Store.
Installation of MetaTrader 4
Once MetaTrader 4 has been downloaded, run the file and follow the instructions that appear on your screen. Installing the software will create a shortcut on your desktop. You can then decide where to place the software among your files. It is very easy to change the location of the software. Once the installation is complete, you can open MT4 by simply double-clicking on the shortcut which has been created.
How to open a trading account on MetaTrader 4
Now, you have to create a MetaTrader trading account. Having the MT4 platform on your device is not enough; you must connect to a broker's server in order to be able to trade.
It should be noted that you cannot open a MetaTrader 4 real trading account from the terminal. To open a real trading account, you need to open it through a broker.
If you are wondering how to create a MetaTrader real account through a broker, the easiest way is to visit our Registration page. There, you will find how to create a real trading account for MetaTrader 4.
From the MT4 trading platform, you can create an account by clicking on the "File" menu at the top left of your screen. Then, select "Open an Account". A new window will open with the different servers available, as shown in the image below:
Source: MetaTrader 4 Platform, January 2018
If you select a server and then press on "Next", the following window appears:
Source: MetaTrader 4 Platform, January 2018
If you select "New real account", you will be redirected to the Registration page mentioned above.
When you open a trading account with a broker on MetaTrader, you will be provided with an accreditation authorization. This corresponds to:
- The identification number of your account
- Your password
- Your investor's password
- The name of the server
Once your real trading account is opened, the next step is to log in with the information provided to you.
Login to MetaTrader 4
The authorization process corresponds to the addition of a broker account on MetaTrader 4. By connecting to MT4, you connect the trading platform to a broker's server and have control of your trading account.
When you first open the MetaTrader 4 application, you will be asked for your account information. Only your login number and password will be required. Note: this is not the investor's password but the regular password. Moreover, make sure you are connected to the right server.
Alternatively, you can click on the "File" menu at the top left of your screen and select "Login to Trade Account". A new window will open:
If you are wondering about the usefulness of the investor's password, it allows you to access the various account information but does not allow you to trade. You are able to consult the open positions, the balance, market prices, but you will not be able to trade.
The investor's password allows the broker or trader to grant access to the trading account to another person. In can be a good solution for someone to discover the MetaTrader 4 trading platform. To discover MT4, a demo account can also be used.
Indeed, the best way to trade on MetaTrader 4 is to open a demo account. It allows you to experience trading without affecting yourself financially. If you are a beginner, this is an excellent way to start, before moving on to a real MetaTrader account. If you make any mistake on your demo trading account, you don't have to worry because the money you trade with is virtual.
Let's say you are very interested in trading with a forex account on MetaTrader 4. You can, first, trade with a demo account as training before going with real funds.
A demo account can be beneficial even if you are an experienced trader. You could, for example, be used to the forex market but want to get into European shares. You could train with European share CFDs (Contract for Difference) on MetaTrader with a demo account, before switching to a real account.
Therefore, the question is: how to create a demo account on MetaTrader 4?
How to create a new demo trading account on MetaTrader 4
When you download MetaTrader 4 from our website, a demo trading account is automatically created for you.
There is no new MetaTrader application to download to connect to a demo account. As with your real account, once you have installed MT4, you just need to enter your login details. Simply log in with your login ID, password and server information which have been sent to you by email.
You can, if you wish, open several demo accounts. How to open a MetaTrader 4 demo trading Account? Click on the "File" menu at the top left of your platform, and then select "Open an Account". Choose your demo server and click on "Next". Finally, select "New demo account" and click on "Next" once more. Alternatively, you can register directly from our Demo Account page.
Now that you know how to create a MetaTrader 4 demo trading account, we will explore some important and useful account features.
MetaTrader Supreme Edition
Whether you are looking to trade the forex market on MetaTrader with a demo account or a real account, you should take a look at the MetaTrader 4 Supreme Edition. MT4SE allows to extend the scope of the platform. It is a module which allows you to increase the number of indicators available, but it also provides you with a wide range of sophisticated trading tools.
How to Fund My MetaTrader 4 Account
The best way to fund your MT4 trading account is through our personalized Trader's Room. This is a convenient way to manage your account and make money transfers, such as withdrawing or depositing money into your account. In order to deposit or withdraw money from your account, log in to the Trader's Room and click on the "Transactions" tab. You can now withdraw money directly from your bank account or from Skrill and Neteller if necessary.
MetaTrader Trading Account 4 – Conclusion
You should now know how to create a MetaTrader real account or demo account, and also how to connect to them from your MetaTrader 4 trading platform. We hope this article has been useful to you. If so, you might like our Shortcuts Guide on MT4 & MT5.
About Admiral Markets
As a regulated broker, we provide access to some of the most widely used trading platforms in the world. With us, you can trade CFDs, shares, and ETFs.