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MetaTrader 4, or ‘MT4’, is a widely used online trading program and platform developed by MetaQuotes Software Corp. The software lets traders and investors analyse and buy/sell securities across real-time financial markets. MT4 is one of the most popular platforms for online trading in Forex and CFDs (Contract for Differences), offering an extensive range of features and tools, including real-time pricing and charting, technical analysis tools, automated trading facilities (think Expert Advisors [EAs]), several order types, as well as risk-management tools.
The user-friendly platform offers multiple customisations, allowing novice traders to learn the basics quickly and permitting experienced traders to explore more advanced features as their trading knowledge expands. MT4 is also renowned for its security and is widely acknowledged as one of the most secure trading platforms.
Your broker also typically provides multiple money transfer options for deposits and withdrawals in and out of MT4, such as bank wire transfers, e-wallets and debit/credit cards. The transaction is generally instantaneous when making deposits, allowing traders and investors to start trading quickly and efficiently.
The amount you can deposit into your MT4 account largely depends on the broker that you are using. For example, some Forex brokers may have a minimum deposit of $100, while others may require a deposit in the thousands. With FP Markets, for MT4 and MT5, the minimum deposit for both Standard and Raw accounts is 100 AUD or equivalent.
Depending on the broker, you may be subject to deposit limits, which means there could be a limit on the maximum amount you may deposit. Therefore, checking with your broker’s customer support team for the most accurate information regarding deposit limits and minimum deposit amounts is recommended.
Your MT4 deposit may be rejected for several reasons.
The most common reason for rejecting a deposit is that the broker may not accept the type of payment method used. Another possibility is that insufficient funds have been provided, which could be the case if you are paying with a credit or debit card and have exceeded your spending limit. Furthermore, it is possible that the transaction failed due to incorrect information provided with the payment.
As a result, it is best to contact your broker directly to find out why your deposit has been rejected.
In conclusion, adding funds to your MT4 account is a simple process that can be completed with a few clicks of the mouse. Whether you use a bank wire transfer, e-wallet, or debit/credit card, the entire process should not take more than a few minutes or days, depending on the selected payment method.
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