🤖 Auto-Trade Crypto 24/7! FREE 7-Day Trial!
Join Now!

MetaTrader 4 & MetaTrader 5: Download The Popular Trading Platforms for Traders Worldwide

Learn How to Download, Install, and Use MT4 & MT5 for Successful Trading

MT4 and MT5 are two of the most popular trading platforms used by millions of traders around the globe. Traders use these platforms to buy and sell different trading assets like forex, stocks, and cryptocurrencies. MT4 came out for public use in 2005 and is still the most famous platform out there. Traders love it for its user-friendliness and plenty of useful features. MT5, on the other hand, came out in 2010 with some additional advanced features than MT4. It lets you trade futures and options along with other trading assets offered by MT4.

Apart from being go-to-platforms for traders worldwide, they also offer a bunch of educational resources to help traders learn about the markets. If you’re new to trading, MT4 is a great starting point because of its simplicity and ease of use. If you’re already a trading pro, MT5 might be more up your alley. It has more features; you can personalise it to fit your needs. Despite being different platforms, the MetaTrader 4 and MetaTrader 5 download and installation process remains the same, and you can easily download any of these platforms from your broker’s website. Here are some good options you can consider – Fxview, ICMarkets, FxPro & AvaTrade. Once you download the MT4 or MT5 software, you can quickly get it up and running on your computer or smart devices.

 Here’s a sneak-peak into the perks of using MT4 and MT5:

  • Both MT4 and MT5 are totally free to use.
  • l  It’s super easy to navigate the platform, even as a first-time user.
  • The platform boasts a large community of users to help you learn easily.
  • There are tons of awesome features to make your trading life easier, such as, you can customise the charts, enable one-click trading, can use automated trading and do a lot more.
  • Both MetaTrader platforms are compatible with Mac, and even Linux, so you can use them on your preferred device.

 If this interests you, read our next section to learn how to download MT4 and MT5 trading platforms.

How to Download and Install MT4 and MT5?

To begin with download and installation process, follow the below-mentioned steps:

1.To initiate trading, you can visit your broker’s website, then search for ‘Trading Platform’ tab to have MetaTrader 4 or Metatrader 5 download on your computer or smartphone. You can do so by clicking “Trading platforms” on your broker’s website and selecting your chosen platform.
2.Once you locate the download button, click on that.

3.You will be required to choose the operating system at this point, like Windows or Mac.

4.After selecting your operating system, you should click ” Download ” again, and the platform will start downloading to your system or device.

5.Once the download is complete, you need to locate the MT4 or MT5 file you just downloaded. When you open it, you will see an installation wizard that will guide you through the process. Just follow the instructions on the screen, and in no time, you’ll have the platform up and running on your computer.

 How to create an account with an MT4 or MT5 broker?

 After you’ve installed the platform, it’s time to create an account with a broker. This is where you’ll be doing your actual trading. Many brokers are available these days, so take your time to research and compare different options. Here are the things you should look into while choosing a Forex broker

 1.Evaluate the fees charged by the broker. Different forex brokers have different fee structures, so it’s good to know what you’ll pay for trading with your broker. The fees are not just about spreads and commissions, but you should also be aware of deposit, withdrawal, inactivity and other kinds of costs that you would incur.

2.To make sure the broker offers the assets you want to trade, you should look at the trading instruments available, like stocks, forex, or cryptocurrencies.

3.Check customer support because you never know when you come across a problem while trading, and in case you do, prompt customer support will help fix the issue quickly.

4.Apart from the above-mentioned factors, you should also be concerned about the regulations and reputation of the broker. 

Once you’ve decided on the broker you want to create your account with, you can follow these steps to create your trading account:

1.Go to the broker’s website.

2.Look for an “Open Account” button or something similar. Click on it to start the account opening process.

3.Fill in the registration form details, like name, email address, phone number, and date of birth.

4.Choose your trading account type. Different options include a Standard ECN account, Micro Account and Demo Account.

5.If you are new, you should start with a Demo account. After honing your skills, you can switch to a micro account and then a standard account. While switching to the live account, you will need to put some money into your account to start trading.

6.With your account set up and money deposited, you’re ready to start trading.

How to Fund Your Account?

When it comes to funding your trading account, these are some common options available.

1.Bank Wire Transfer: This is the most common way to fund your account. It involves transferring money directly from your bank to your trading account. The only problem with bank wire transfers is that it may take longer to receive funds as compared to other methods.

2.Credit Card: Using a credit card for deposits and withdrawals is another payment option. It is relatively quick and easy. You simply need to provide your credit card details to the broker, and the funds are instantly available in your trading account.

3.Debit Card: Similar to a credit card, you can use your debit card to fund your account. The advantage is that the funds come directly from your bank account, so there’s no borrowing involved. The process is just as quick and easy as using a credit card.

4.eWallets: If you’re comfortable with online payments, you can use e-wallets to fund your account. It’s a popular and convenient option, and most of the time, funds are reflected instantly in your bank account or trading account when you use eWallets.

5.Cryptocurrencies: Some brokers these days also allow you to fund your account with major cryptocurrencies like Bitcoin, Ethereum, Ripple etc. It’s not a very common method, but you will find a good number of brokers accepting cryptocurrencies as deposits and making cryptocurrencies available for withdrawals.

 After choosing the appropriate funding method, you can deposit the funds into your trading account. Make sure to check for any fees associated with deposits and withdrawals.

Tips for using MT4 and MT5 Trading Platforms

Here are some tips to help you get the most out of using MT4 or MT5:

  • Make sure your computer meets the minimum system requirements for running the platform, like Windows 7 or later version, 2.0Ghz for a faster CPU, and 1 GB RAM. Doing this would ensure that you won’t face any technical issues during trading, which usually slows down the trader.
  • The best part about MetaTrader platforms is that they are highly customisable. You can change the language and fonts as well as customise the chart appearance. You can also add extra features and plugins to make the platform suit your preferences.
  • If you’re unsure how to use certain features or get stuck, you don’t need to panic, as there are plenty of online resources available, including forums and tutorials, where you can ask questions and get assistance.
  • Choosing a trustworthy broker that offers MT4 or MT5 is crucial. Do your research, read reviews, and make sure they have a good reputation among traders. This is really important if you want to ensure the safety of your funds.
  • Take the time to learn and practise how the platform works. You might be tempted to get all in, and it may seem boring to use the platform with no real money but believe me, it will give you a deeper understanding of how everything works and help you trade more confidently.
  • You should regularly back up your platform settings and trading data. If anything goes wrong or you switch to a new computer, you will keep your important information.
  • Both MT4 and MT5 come with a bunch of trading tools and features. You should experiment with them and see which ones work best for your trading style.
  • MetaTrader also offers a trading community to connect with other traders who use MT4 or MT5. You can learn from their experiences, share trading ideas, and get insights into market trends. Above all, having a community of like-minded people is really helpful.
  • Keep up with the latest news and market trends. Knowing what’s happening in the financial world can help you make more informed trading decisions.

To conclude, MT4 and MT5 are two trading platforms that most traders seek, irrespective of their trading experience. If you also want to start your trading journey on either one of these platforms, you can follow the above-mentioned steps to download and install MT4 or MT5 platforms. We have also listed some important tips to keep in mind to enhance your overall trading experience.