How to Deposit into your MT4 trading account
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After having installed MT4 and opened your live trading account, it is time that you got down to business.
To start earning money from the financial market, you need to fund your account. However, MT4 is a platform only used to do trading by opening, closing trades, and technical analysis. There is no option of direct money deposit in MT4.
Hence, the best way to fund your MetaTrader 4 account is via a broker you sign up for.
Step by step MT4 deposit procedure
Here are the steps to deposit into MetaTrader 4 account with illustrations:
- Log in to your live trading account on your broker’s website.
- Access the member’s area and click on Deposit Funds.
- Choose your preferred payment method and follow the prompts to make your deposit.
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, funds may take up to three business days to process. Once they have been completed, your account balance will appear in your MT4 trading account. Then you now can make your first trade and take advantage of 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 brokers. Some broker gives the facility of depositing $1. But most big brokers limit minimum deposit, like $50.
It also depends on the payment method you are using because, by direct bank transfer or wire transfer, the minimum deposit will be at least $100.
In conclusion, MT4 does not manage your payments, but the broker does. MT4 provides the facility of trades’ execution and the data related to currency pairs, stocks, futures, and many other securities. So, you can not deposit in the mt4 platform directly in simple words. Alternatively, you add funds into your MT4 trading account with a broker.
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