FXPro MT4 – MetaTrader 4
In this article
FXPro MT4 is known to be one of the major trading platforms offered by the broker, along with MT5 and cTrader. Undoubtedly, FXPro has always remained the first choice of newbie or experienced traders to experience a smooth trading journey.
Regarding the MT4 platform, it offers 50 different technical indicators with an advanced charting package. It even has the option where a trader can create custom expert advisors for automated trading.
The minimum deposit for the Standard FXPro MT4 account is $100. But the firm recommends you deposit a maximum of $500.
What do you get on an FXPro MT4 trading platform?
FXPro MT4 trading platform is available with the demo account with which a trader can understand the basic trading strategies. Furthermore, upon request, you can avail of the service of a swap-free Islamic account as well.
You should sign up as the FXPro VIP client, with which some additional bonuses are offered to the trader client. This includes some news reports or margin-level alerts. You can sign either through SMS or through email.
VIP clients will not be charged with any deposit fees and will also experience a free VPS service. However, the process of signing up with the FXPro MT4 account is long, requiring several days to complete your account verification.
Important features of the FXPro MT4 platform
The main purpose of developing the FXPro MT4 platform is to develop a friendly and reliable trading environment for online traders.
The MT4 platform has a Client Terminal available with some powerful analysis tools, indicators, and charts. These tools and indicators can be of great value for beginners to learn what FXPro trading is all about.
In addition, traders can also program their trading strategies and can often use expert advisors on their trading account.
Few important features of the FXPro MT4 trading platform are:
- Easy to use
- Use Expert Advisors for a successful automated trading
- Build strategies and indicators with MQL4
- Analyse 50 custom indicators and built-in indicators
- Trade with various order types and different execution options
- Handle multiple accounts
- The user-friendly and reliable trading environment
- Utilise integrated analytic tools for trading
How can you login into the MT4 trading platform?
Log in to your terminal from the menu located at the top left side of your main screen. Next, click the option “file” and choose “login to trade account.” A box will appear in which you have to enter your login credentials.
Once you have entered all the login details, a server will appear, assigned to your account. You can get all the account login details on the provided email after creating your MT4 account.
Guide on Multi-format trading platforms on FXPro MT4
Each of the FXPro trading platforms is further divided into various formats compatible with different devices. The same is the case with the FXPro MT4 trading platform as well.
The standard model of MT4 is available for desktop, but you can also find the versions of MT4 WebTrader version and MT4 MultiTerminal and MT4 for the mobile device.
All the trading formats mentioned above are the preferred industry choices. In addition, they are available with advanced features of three different charts, nine various time frames, and 50 pre-installed technical indicators.
Plus, MT4 multi-formats have a fully customisable user interface for precise timing and monitoring.
Through the WebTrader version, traders can easily log into their MT4 accounts with the help of a web-connected browser.
MT4 MultiTerminal format is specially designed for clients who want to access multiple MT4 accounts simultaneously. With this version, a trader can manage multiple funds under an individual master account.
MT4 mobile version is available in Android and web-based versions. This format is included with a user-friendly interface and a rapid trade execution optimised for mobile devices.
Tutorial Guide on how to place a new order in MT4
- Click the option of “new order” on the toolbar.
- Select the option “new order” from the ‘Tools’ drop-down menu.
- Press the button F9.
- Right-click the instrument in the “market watch” window and choose “new order.”
- Double click on the instrument in the “market watch” window.
- Enable the one-click trading
By choosing any of the options above, you will be taken to the “order” window. In this window, you can also adjust the parameters of trading positions that you are about to open.
The symbol field helps you to change your instrument. Volume fields can set your trading or lot size on which you are about to trade. Plus, you can even set a take-profit as well as stop-loss trading levels.
Click the option “sell” for opening a short position in the current bid price. The option of “buy” will open a long position at the current ask price.
How is it possible to close a position on MT4?
If you want to close the open position manually, you must first locate the order by visiting the Mt4 Terminal window. Right-click on the specific order which you want to close and choose the option “close order.”
You can also double-click on that order to bring it closer to the “order” window and close it right there.
With the “X” symbol, you can also close the trading position, which is located at the bottom right side of the MT4 terminal. With one-click trading enabled, you can perform these actions immediately without seeing any confirmation message or window.
If you have set any valid take-profit or stop-loss profits, the order is instantly closed as soon as the market price reaches a level that you have specified.
Well, to end with, all the trading platforms available at FXPro are reliable and stand to be brilliant in their places with some advanced features. But having an FXProMT4 platform by your side is something that is of great value for trading success.
The MT4 platform is not just friendly to work with, but it even grants various analytical tools and charts with which your trading experience turns out to be a worthwhile one. So, without a second delay, visit FXPro official site and create an account by downloading the MT4 platform.
Jason Morgan is an experienced forex analyst and writer with a deep understanding of the financial markets. With over 13+ years of industry experience, he has honed his skills in analyzing and forecasting currency movements, providing valuable insights to traders and investors.
Forex Content Writer | Market Analyst