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The Ultimate MT4 App Tutorial for Mobile Trading

The MT4 app brings the ultimate trading experience. It brings almost the same functionality as the original Metatrader desktop version. This fact makes the application a more flexible solution for users who want to access different financial markets on the fly via multiple mobile devices despite the location.

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In this article, we will review some major MT4 app features. In our tutorial, you will find some handy steps on how to manage your account, complete trades, configure settings, how to withdraw from the MT4 app, how to make deposits, and so on.

Introduction into MT4 App

As stated earlier, the mobile version of the most popular trading platform comes with actually the same feature set as the desktop version. It means that you may handle all major operations via a mobile device despite the operating system or carrier. Today, both Android and iOS users can benefit from seamless MT4 app download and configuration. Another option is to download a mobile version of the MT4 broker to get the full set of instruments with the trading application already included in the pack.

The main benefit of using the application is the ability to replace a stationary workplace with a mobile workstation that can be accessed from a tablet or smartphone. Users will appreciate various execution modes, simple account management and configuration, multiple ways to withdraw from the MT4 app, and more.

Additionally, the tool brings some extra functions that may come in handy. They involve a selection of analytic tools and access to market insights as the part of the built-in Expert Advisory package. Traders can track the asset price history and generate other crucial data. What’s more, the app is flexible enough to let users trade a variety of assets including currency pairs, crypto and more.

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The MT4 app will work great for day trades who need to open and close dozens of orders daily. The application lets them track the order history, execute orders with a click, buy and sell assets on the go, and more.

Now, let’s have a look at some of the key features MT4 delivers to the end-users out of the box.

MT4 App User Features

The main features to look for in the MetaTrader mobile app are the following:

  • Tool to manage and keep control over trading accounts.
  • Remote trading via mobile devices (tablets and smartphones) from any location.
  • Various order execution modes to choose from.
  • Tools to track historical data, trades track record, etc.
  • Analytic instruments and Expert Advisory.
  • Various price chart types including broken lines, candlesticks, and bars.
  • A variety of time frames to set and use (they range from 1-minute to 1-month periods).
  • Dozens of integrated technical indicators with a chance to add the one you need.

To install the application, you will need to complete the MT4 app download. The process is almost similar to installation of the desktop version for either Windows or MAC. The platform uses advanced security means to keep users’ personal data safe. Make sure, your device provides enough connection speed, as this factor will affect the order execution quality.

MT4 App Pros and Cons

The application comes with a set of advantages. Of course, it does not provide the whole functionality you can find in the desktop platform. Users will find some options limited or even missing. Nevertheless, it is still a good option for those who look for a faster and more flexible way to access the financial market.

Pros:

  • MT4 app comes with multilingual interface support. Every user can set a required language in the platform settings.
  • The interface is very user-friendly. All functions are easy to find and use. The design looks clear featuring great UI/UX with a simple access to news feed, analytics, and other functions.
  • 30 built-in technical indicators are at your service with a chance to upload new ones and customise the trading process.
  • Application compatibility makes the app quite easy to use on any device with no specific system requirements.

Cons:

  • Poor panoramic view because of the screen size.
  • Some internet providers charge extra fees and commissions, as you will need more traffic to use the application.
  • The mobile app does not bring the entire scope and feature set if compared with the standard desktop platform.

The Bottom Line

The MT4 app makes it possible to manage trading accounts right from the mobile device. Users can seamlessly log in to the already existing account or create a new one with just a few taps. The application comes with a rich set of integrated functions and tools including technical indicators, news, Expert Advisory, withdrawal methods, and more. You actually get a full-scale version of the desktop platform on your tablet or smartphone though with some functional limitations and slight misses.

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.