There are basically two ways to download the MetaTrader 4 trading platform:
The first option is through the website of MetaQuotes Software Corp., the company that created this platform.
The second option, and more advisable, is to make the download through an online broker that offers this platform to its customers. The broker offers the same version, only we also have an associated trading account to be able to operate directly, along with another series of advantages.
Among the mentioned advantages we highlight the use of a demo account. It is an account with a certain fictitious capital to use as a trading simulator. It is useful to gain experience in the markets before performing operations in real mode putting your money at risk. It is also a good tool to fully familiarize ourselves with MetaTrader 4 so that we can learn to manage this trading platform with absolute confidence.
Demo accounts are only offered by brokers. Therefore it will be necessary to download MetaTrader 4 through one of them in order to enjoy this service. In addition, the moment you acquire a certain skill, both in the management of MetaTrader 4 and in the operation of the financial markets themselves, the fact of having the platform associated with a broker facilitates the process to move in real mode. It would only be a matter of verifying the account by providing certain documentation that they ask for security and to comply with the regulations imposed by the financial supervisory bodies that control the online brokers duly regulated. Then we can make an initial deposit of funds and start investing in the markets. It's that simple
Additionally, another advantage is that the broker also automatically offers MetaTrader 4 the evolution of the prices of financial instruments in real time.
Next, we will explain the process of downloading the MetaTrader 4 platform, with didactic purposes, through an online Forex and CFDs broker such as the XM broker.
We have selected this broker for being properly regulated, for providing the MetaTrader 4 platform object of this tutorial and for offering the trader a free demo account with a virtual capital selectable from 1,000 to 5,000,000 dollars, euros, ... and that you can use during an indefinite period of time without limits.
Open a demo account in XM and access the MetaTrader 4 download
After clicking on the previous link, the first screen that we will obtain is the registration form of the demo account:
Initially the data requested are those related to our name, city of residence and contact (telephone and email) and language.
Registration form for a demo account in the XM broker
Later we must enter our preferences of the demo account itself, such as:
Type of platform (We will select MetaTrader 4).
Type of account (The demo account is a simulator of a real account, we must choose some type of account offered by this intermediary, we have selected the Standard account).
Base currency of the account (We select EUR but in your case you can choose USD, GBP, ... as appropriate).
Leverage (Leverage is a fundamental tool when trading in Forex and CFDs since it allows trading with a certain amount of money in an operation having a real capital much lower in our account.) It is expressed with two numerical amounts exceeded by two points. For example, a 1:30 leverage means that we can operate with 30 times the amount of capital that we have to provide as collateral (keep in mind that the available leverage varies according to each financial instrument).
Amount of investment (It is the virtual capital that we want to have in our demo account to make tests.) We usually recommend the use of a similar amount or not too much higher than we would have in a real money account, as well as the tests you do and the results will be much closer to reality).
Finally, we must enter a password, confirm it to avoid errors and press the button at the end of the "Open Demo Account" form.
After this step, we will receive an email from XM. It is a confirmation email (that the email provided is correct). You only have to open this email and press on the confirmation button.
XM will send us a second email. This time to provide us with the access data to the trading platform.
The first option is through the website of MetaQuotes Software Corp., the company that created this platform.
The second option, and more advisable, is to make the download through an online broker that offers this platform to its customers. The broker offers the same version, only we also have an associated trading account to be able to operate directly, along with another series of advantages.
Among the mentioned advantages we highlight the use of a demo account. It is an account with a certain fictitious capital to use as a trading simulator. It is useful to gain experience in the markets before performing operations in real mode putting your money at risk. It is also a good tool to fully familiarize ourselves with MetaTrader 4 so that we can learn to manage this trading platform with absolute confidence.
Demo accounts are only offered by brokers. Therefore it will be necessary to download MetaTrader 4 through one of them in order to enjoy this service. In addition, the moment you acquire a certain skill, both in the management of MetaTrader 4 and in the operation of the financial markets themselves, the fact of having the platform associated with a broker facilitates the process to move in real mode. It would only be a matter of verifying the account by providing certain documentation that they ask for security and to comply with the regulations imposed by the financial supervisory bodies that control the online brokers duly regulated. Then we can make an initial deposit of funds and start investing in the markets. It's that simple
Additionally, another advantage is that the broker also automatically offers MetaTrader 4 the evolution of the prices of financial instruments in real time.
Next, we will explain the process of downloading the MetaTrader 4 platform, with didactic purposes, through an online Forex and CFDs broker such as the XM broker.
We have selected this broker for being properly regulated, for providing the MetaTrader 4 platform object of this tutorial and for offering the trader a free demo account with a virtual capital selectable from 1,000 to 5,000,000 dollars, euros, ... and that you can use during an indefinite period of time without limits.
Open a demo account in XM and access the MetaTrader 4 download
After clicking on the previous link, the first screen that we will obtain is the registration form of the demo account:
Initially the data requested are those related to our name, city of residence and contact (telephone and email) and language.
Registration form for a demo account in the XM broker
Later we must enter our preferences of the demo account itself, such as:
Type of platform (We will select MetaTrader 4).
Type of account (The demo account is a simulator of a real account, we must choose some type of account offered by this intermediary, we have selected the Standard account).
Base currency of the account (We select EUR but in your case you can choose USD, GBP, ... as appropriate).
Leverage (Leverage is a fundamental tool when trading in Forex and CFDs since it allows trading with a certain amount of money in an operation having a real capital much lower in our account.) It is expressed with two numerical amounts exceeded by two points. For example, a 1:30 leverage means that we can operate with 30 times the amount of capital that we have to provide as collateral (keep in mind that the available leverage varies according to each financial instrument).
Amount of investment (It is the virtual capital that we want to have in our demo account to make tests.) We usually recommend the use of a similar amount or not too much higher than we would have in a real money account, as well as the tests you do and the results will be much closer to reality).
Finally, we must enter a password, confirm it to avoid errors and press the button at the end of the "Open Demo Account" form.
After this step, we will receive an email from XM. It is a confirmation email (that the email provided is correct). You only have to open this email and press on the confirmation button.
XM will send us a second email. This time to provide us with the access data to the trading platform.
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