To get more authority and get better security on your account, you can easily change your password in MetaTrader 4 at any time. This article shows you how to change your MT4 password in just 2 minutes.
There are two ways to change your MT4 password, which are:
- Change the MT4 password directly on the trading platform.
- Change the MT4 password in the broker’s customer portal.
Below are the steps in detail and with illustrations for each way:
How to change Metatrader 4 password on PC?
From the MetaTrader 4 trading platform (terminal), a user can change the passwords of the trading account as follows:
- Log in to the MT4 platform, go to Tools -> Options. On the Servers tab, click Change.
- Next, enter your current master password and select “Change Master Password”.
- Type the new master password you want to use and confirm the changes with the “OK” button.
How to change Metatrader 4 password on mobile?
When you want to change your MT4 password on your mobile phone, please:
- Go to the Settings -> tap on your trading account at the top of the screen.
- Press the 3-dot horizontal menu -> select Change Password -> choose “Change Master Password”.
- Type in your current and new password and tap “Change” in the upper right corner to confirm.
notes:
There are always two types of passwords for the MT4 trading account, namely regular password and investor password.
- The regular password is used by traders to log into your account and trade.
- The investor’s password is used by another person (third party) who wants to share the account without giving permission to perform positions or change settings.
So you can simply let someone else come into your account and see your trades without worrying about them manipulating your account.
To change the investor’s password, follow the same steps above.
Change your MT4 password in the broker’s client portal
You can also request the password change in your broker’s customer portal by logging into the customer portal on your broker’s official website.
- Log in to your trading account and log in to the members area. Then press Account -> Change Password.
- Enter your current and new password and confirm.
Note: If you have forgotten your passwords for your MT4 account so that you cannot access MT4 or the Customer Portal. You can always reset your password by clicking “Forgot your password?” at the member’s login.
To sum up, the security of your trading account is of the utmost importance. So, having control over their trading accounts is very important for traders in the financial markets. As a trader, you have to take responsibility for your login credentials. And make sure your private data is stored securely.