After installing MT4 and opening your live trading account, it’s time for you to get to work.
To start earning money from the financial market, you need to fund your account. However, MT4 is a platform used only for trading by opening, closing trades and technical analysis. There is no direct money deposit option in MT4.
So, the best way to fund your MetaTrader 4 account is through a broker you sign up for.
STEP-by-step MT4 deposit procedure
Here are the steps to deposit to your MetaTrader 4 account with illustrations:
- Log in to your live trading account on your broker’s website.
- Go to the members area and click Deposit Funds.
- Choose your preferred payment method and follow the instructions to make the deposit.
The most popular methods of MT4 deposit
Different brokers offer different methods to fund their accounts. From their available online payment methods, select one that is appropriate and convenient for you.
Below is a list of popular payment options (deposit and withdrawal) offered by brokers:
- Online Bank Transfer
- Mobile Banking
Depending on your payment method, it may take up to three business days for your funds to be processed. Once completed, your account balance will appear in your MT4 trading account. So now you can make your first trade and take advantage of the opportunities to make money in the financial market.
What is the minimum deposit for MT4?
The minimum deposit in the MT4 account is $1. It mainly depends on the type of forex broker. Some brokers give the option to deposit $1. But most big brokers limit the minimum deposit, such as $50.
It also depends on the payment method you are using because, via direct bank transfer or bank transfer, the minimum deposit will be at least $100.
In conclusion, MT4 does not handle your payments, but the broker does. MT4 provides ease of trade execution and data related to currency pairs, stocks, futures and many other securities. So, you can’t deposit into the mt4 platform directly in simple words. Alternatively, add funds to your MT4 trading account with a broker.