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    MT4 for Android

    January 11, 2023

    MetaTrader 4 is a trading platform for forex and CFD markets. It is popular among traders because of its customisable charts, built-in indicators, back-testing, and algorithmic trading features. One of the biggest advantages of MetaTrader 4 (often shortened to MT4) is that it is available on different platforms. In addition to a version for desktop and laptop computers, there are MT4 mobile apps. 

    The MT4 Android app offers many of the features available on the desktop version, including live quotes, customisable charts, and one-tap trading. If you also run MetaTrader on a PC or Mac, you can download MT4 for Android when you want to trade but are away from your computer. 

    After you complete the MetaTrader 4 Android download, you can trade forex pairs, share and index CFDs, and invest in commodity markets. Because of the flexibility, speed, and charting options, MT4 is an excellent choice for these markets. 

    Let’s take a look at the advantages, features, and nuances of using MT4 for Android.

    Download MetaTrader 4 Android device requirements

    MetaTrader 4 works on various Android devices. Here is a look at the minimum requirements necessary to run the software. 

    When you download MetaTrader 4 from the Google Play Store, it should automatically tell you whether you can download the app to your connected Android devices. The app should work as long as your phone or tablet runs Android 4.0 or later. MT4 also requires only 4.2 MB of free disk space. 

    How to download MT4 for Android

    MetaTrader 4 is available on the Google Play Store or via an Android Package Kit (APK) installation. 

    The most straightforward option is to visit the Google Play app store and download it from there. 

    • Open the Google Play app and type MetaTrader 4 in the search bar. 
    • When you arrive at the official MetaTrader 4 download, tap “Install.” 
    • Wait for the installation to complete and verify that the app icon appears on your phone or tablet. 

    You can also download the APK from the MetaTrader 4 website via your phone’s browser. Then, you should open the file and complete the steps as directed. Though installation is straightforward, the Google Play option is easier because it does not require technical knowledge and completes in fewer steps. 

    Once the app is on your device, you will need to sign in with your brokerage login to connect your account to the app. 

    • Open the app. 
    • The first time you open the app, click on the MT4 icon near “Managed Accounts.”
    • You click the + (plus) to add a new account. 
    • If you have a VT Markets brokerage account, click “Login with an existing account.” 
    • Use the same credentials you use for desktop and browser logins. 

    You can select a demo account if you have opened a demo account with VT Markets. 

    How to learn with the MT4 Android app

    Traders can learn forex trading or perfect their share CFD strategies by using the MetaTrader 4 demo feature. This feature allows you to trade using live market data and conditions. However, your account uses play money rather than actual capital. If you make mistakes, which will likely happen while you are negotiating the learning curve, you will not lose money. 

    Even advanced traders can move back to the demo mode in MT4 to try new strategies in a low-stress environment. 

    MetaTrader 4 Android also has a back-testing feature. This mode allows you to use historical market price data to test automated strategies. Since forex markets often trade within ranges and have repeating price patterns and support and resistance levels, past trends will likely repeat. Therefore, back-testing is an effective way to test your strategies. 

    If you would like to build confidence with a demo account using an Android device, you can visit VT Markets to open a demo account

    Benefits of MT4 for Android

    MetaTrader 4 for Android has many of the features of the other versions of the platform. 

    The most obvious advantage of mobile MT4 versions is that you can trade from anywhere if you have a Wi-Fi or data connection. Here is a look at the other benefits you can enjoy when trading with the MT4 Android app: 

    • A full-featured trading system — MT4 for Android has all the order types and execution modes you get with the desktop version. You can use limit and market orders and risk management tools like stop-loss orders, which you can alter to reflect current market conditions. A history window allows you to see past trade amounts and results. 
    • A dedicated trade window — The trade window contains information about currently open positions so that you can closely track your market exposure. 
    • Three chart types — You can choose from bar charts, candlesticks, and broken line charts.
    • Nine different time options — Android users can select from nine different timeframes, from short-term 1-minute and 5-minute charts to 1-day and 1-month charts.
    • Popular technical indicators — Mobile MT4 users have access to 30 of the most-used indicators on the MT4 platform. These come with some of the customisation features available to desktop users. You can open up to 10 windows with indicators at one time. 
    • Support access — Users on Android can contact support via chat or email. 
    • Analytical objects — The mobile version also has a selection of 24 analytical objects. These include common tools like Elliot wave and Fibonacci levels. 
    • News feed Real-time reports allow mobile traders to keep up with the latest market news and announcements and make informed market decisions. 

    You can easily switch between the desktop and mobile versions of MT4 with the same login credentials from your brokerage account. 

    A closer look at the instruments you can trade with MetaTrader 4

    MT4 is a popular platform for traders who prefer forex markets and derivatives like CFDs. Here are the markets you can access after you download MetaTrader 4 Android device apps and connect an account with VT Markets: 

    • Forex pairs — Major and minor forex pairs trade 24 hours per day. You can trade major pairs like EUR/USD and AUD/USD or try cross pairs like GBP/JPY. 
    • Indices — Major stock market indices like the S&P 500, Dow Jones Industrial Average, Nikkei 225, and S&P/ASX 200 offer exposure to an entire market. Contracts for difference (CFDs) allow you to trade these markets using leverage without having a brokerage account in each country. 
    • Shares — CFD shares allow you to access stocks without a traditional brokerage account. You can day trade without worrying about pattern trading restrictions limiting retail traders’ access in many stock markets. 
    • Metals — Gold and silver are ideal for both long-term investment and short-term speculation. With CFDs, you can trade spot markets like XAU/USD (gold) with leverage. 
    • Energies — Crude oil is one of the most exciting markets, with prices reacting to industry news and major economic reports.
    • Soft commodities — Soft commodities like cocoa, coffee, sugar, soy, and wheat are unique because of their seasonal price movements and the ability to trade them using either fundamental or technical analysis. 
    • Exchange-traded funds (ETFs) — Exchange-traded funds offer access to various industries and economies. You can access it via a CFD even if you are not in the country where a particular ETF trades. If you take this route, you can use the MT4 Android app for trading. 

    A broker like VT Markets offers access to all these instruments with favourable trading features. 

    Trade on the MT4 Android app with VT Markets

    VT Markets offers MetaTrader 4 accounts for desktop (PC, Mac, Linux), web-based trading, and mobile apps (Android and iOS). We offer fast account setup, so you can quickly open a forex account and connect your MT4 Android app. You simply have to register your account, fund it, and connect MetaTrader 4. After you take these three steps, you can start trading. 

    VT Markets boasts over 1,000 tradable instruments, including CFD shares, forex pairs, energy and metal commodities, and index CFDs. You can enjoy lower trading costs with spreads as low as 0 pips or points on some forex pairs and contracts. You can also take advantage of promotional offers, including deposit bonuses, free trading signals, and tools. 

    If you are new to trading or a novice in CFDs and forex, you can take advantage of our demo account for MetaTrader 4 to learn without risking your capital until you gain confidence. 

    If you want to enjoy these benefits, you can open a forex account and begin trading. If you have any questions or concerns, you can contact us anytime.