MT4 MultiTerminal is a particularly effective feature for traders with multiple trading accounts. So what exactly is MT4 MultiTerminal? Let’s find out in the article below.
What Is MT4 MultiTerminal?
As with the regular MT4 platform, you can only trade on one account at a time. This is often inconvenient for traders using multiple trading accounts.
MT4 MultiTerminal is designed to be able to access multiple accounts at the same time, supporting up to 128 trading accounts.
From there, traders can easily trade multiple accounts, opening and closing positions on all accounts at once.
With a friendly and intuitive interface, the same functions as regular MT4, traders can quickly get used to this new platform.
advantages:
- Easily manage and manipulate multiple trading accounts at once.
- Trading operations and features are designed as MT4.
- Pending orders, taking profit or stop loss and placing pending orders.
- It can close all orders or set Trailing Stops with a single action.
- The system provides online signals and news directly into the software.
- It supports many different languages.
Difference Between MT4 and MT4 MultiTerminal
The main difference between the standard MT4 platform and MT4 MultiTerminal is the ability to simultaneously trade up to 128 real accounts or 10 demo accounts (opened on the same server).
In addition, MT4 and MT4 MultiTerminal have some differences as follows:
| MT4 | MT4 MultiTerminal | |
| table | ✓ | ✕ |
| EAs, scripts, indicators | ✓ | ✕ |
| Mobile version | ✓ | ✕ |
How to Download MT4 MultiTerminal and Log In with Multiple Trading Accounts
First, you need to download MT4 MultiTerminal before logging in with your trading account.
How to install MT4 Multiterminal
- Go to the Members Area page of the broker where you open an account (in this example, I will guide you to download XM MT4 Multiterminal)
- Click the MT4 Multiterminal download button (.exe file)
- Open and launch the .exe file, and then hit Done.
- You will then see a login window appear and enter the login information of your real or demo account.
How to access multiple trading accounts
To add more trading accounts to the MT4 multi-terminal platform, click File > New Account and enter your new account credentials.
Note: The trading account must be on the same server; otherwise, you will not be able to add an account.
Some limitations in managing multiple trading accounts
When adding multiple trading accounts to MT4 MultiTerminal, you should keep in mind the following:
The server assigned to the trading account is crucial because you can only manage multiple accounts at the same time if they belong to the same trading server.
There are some restrictions on the types of accounts and instruments traded. For example, you cannot trade an asset from different accounts on MultiTerminal at the same time.
Conclusion
Many traders often open multiple accounts to allocate and monitor the effectiveness of different trading strategies. And sometimes, traders want to open a position at once on all existing accounts, but they can’t because the MT4 platform only allows you to trade on one account at a time. Therefore, MT4 Multiterminal is an ideal tool for traders who manage multiple MT4 accounts. They just need to use software to make transactions easily with a login and master password. However, before using a platform, you need to study the user manual first. Happy trading!