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.
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.
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.
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.
You can select a demo account if you have opened a demo account with VT Markets.
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.
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:
You can easily switch between the desktop and mobile versions of MT4 with the same login credentials from your brokerage account.
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:
A broker like VT Markets offers access to all these instruments with favourable trading features.
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.