How to Transfer Funds between MT4 accounts
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In addition to depositing directly from your local bank, e-wallet, credit/debit card through the broker you signed up to fund your trading account, MT4 also allows users to transfer funds between accounts of the same type within the same server for free.
To transfer money between accounts in MT4, follow these steps below:
Step 1: Click on the Account in the Navigator window and right-click the account from which you want to transfer money.
Step 2: Choose Transfer Funds -> select the recipient account. Then, you fill in the current and the recipient account (including master password, amount, and OTP authentication if you set it).
Step 3: Click Transfer.
Once completed, the money will immediately appear in the recipient account. Then you can view the transfer history in the “History” tab of the Toolbox window.
There are some restrictions on the accounts when you transfer money in MT4, such as:
- You can only transfer funds between the currently connected accounts with identical names and emails.
- Funds can only be transferred between accounts of the same type (from real account to real account, from demo account to demo account) and using the same currency.
- The amount you transfer cannot exceed your current balance and free margin.
It can be said that transferring funds between accounts on MT4 is very quick and easy. It helps investors facilitate transactions on the platform. For the user’s convenience, MT4 offers multiple other tools and services. To understand and make the best use of these tools, please follow the following articles on Investiki.com.
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