Alpari MT4 Review - How to Download and Set Up?
When it comes to trading platforms, there are few other trading platforms as popular as MetaTrader 4 (MT4). And it’s easy to see why when you consider the features and functionality it offers.
It, for instance, allows traders to use Expert Agents to earn money from forex even if they’re away from their terminals. In addition to this, it has a wealth of other advanced trading tools.
So, if you’ve decided to use MT4, you’ve probably wondered how you can download, install, and customize it to your liking. Fortunately, we’re here to help. In this post, we’ll show you where you can download Alpari MT4, how to install it, and how to customize some of its features.
Alpari MT4 Review
On Alpari, you’ll have access to all the advanced and cutting-edge features that MT4 offers and you’ll have access to trading in all the major trading instruments that Alpari offers. Alpari makes the MT4 platform available across all its accounts except the ecn.mt5 account and it offers the platform as a desktop application, a mobile application, and a web platform.
MT4 Mobile
With the MT4 mobile app, you’ll be able to trade forex no matter where you are. The app was specifically designed for both Android and iOS operating systems and, as such, you’ll be able to use it across a range of devices including mobile phones and tablets.
The app offers a wide variety of order types, charting tools on Android, and support for push notifications. It also offers interactive charts, 30 technical indicators and 24 analytical objects, and 9 different timeframes for trading.
MT4 Web
The MT4 web application brings the functionality of the desktop application to a web browser. This means you’ll be able to use it on any computer, anywhere without installing any software. This means it’s the ideal solution if you want cross-platform compatibility.
As it has the same features as the desktop application, it features charts with different timeframes, a wide variety of analytical tools, and a library of indicators for technical analysis.
MT4 Desktop
MT4 Desktop is the classic version of the MT4 terminal . As such, it offers advanced functionality that includes over 50 built-in instruments for technical analysis. As a result, you’ll be able to use charts with 9 different timeframes, 18 analytical tools, and 29 indicators for technical analysis.
You can download indicators for MT4 for freeIn addition, the platform also offers the ability to use Expert Agents to automate your trading and it features encryption for security.
Alpari MT4 Advantages
One of the main benefits of trading forex with Alpari is that it offers an extensive loyalty program. With this loyalty fund or Alpari Cashback as it’s known, you’ll be able to get up to 20% back in refunds on spreads and commission.
When you join the program, you’ll be able to earn ALP bonus points when you make deposits, trade, and perform other actions. You’ll then be able to exchange these points for discounts refunds or cash. Also, the more funds you deposit, the higher your status will be, and the more rewards you’ll earn.
Another benefit of Alpari is that it hosts a variety of contests where you’ll be able to prizes.
How to Download Alpari MT4 for Free?
Now, that you’ve seen some of the features of Alpari MT4 and some of the advantages of trading with Alpari, it’s time we look at the process to download Alpari MT4. To download the software, you’ll need to follow the following steps:
The first step is to go to the Alpari homepage and clicking on the Login button next to the REGISTER button. If you don’t have an account, you’ll need to open one first.
Photo: Register on Alpari
You’ll then be taken to the page where you can log into your account. Likewise, if you’re opening an account for the first time, you’ll go to a page where you can register an account.
Photo: Log In to Alpari
Once logged in, you’ll find the download link for the software for your specific operating system or device. When you click on the link, the file will download to your computer. Likewise, when you click on the links to download the software for your mobile device, you’ll be taken to the appropriate iOS Store or Playstore page where you’ll be able to download the software for your mobile device.
How to Set Up MT4 From Alpari
Once you’ve downloaded the software, you’ll be able to run it for the first time. When you do, you’ll be asked to log in with your account credentials. When you opened the account, you would’ve received an account confirmation email with your login credentials.
Once logged into the platform, you would need to customize a few options to your preferences. The first thing you’ll want to change is probably the look and feel of the charts. To do this, you’ll need to right-click on an open chart and select Properties. In the window that opens, you’ll then be able to change the colors of your charts to suit your preferences.
Photo: How to Set Up MT4 From Alpari
Under the Common tab, you can also customize other chart features like chart type and chart scale. When you’ve customized the colors and settings of the charts, you can click on OK to save your changes.
Photo: How to Set Up MT4
Once you’ve done this, you can also save your customization options as a template by clicking the Template button on the toolbar and then clicking Save. When you’ve saved a template, you can apply your template to any open chart by clicking on the Template button and then selecting your template. By doing this, you won’t need to change the settings for every chart separately.
You should also change the instruments that are displayed in the Market Watch window. Here, MT4 often doesn’t show all the available instruments available for trading.
Photo: How to Choose Trading Pair on MT4
To fix this, you’ll right-click inside this window and then select Show All. Once you’ve done this, you’ll be able to see all the instruments that are available for trading every time you open MT4.
Alpari Passive Income Options
Alpari provides clients with a PAMM account option which allows clients to earn money without trading themselves. It’s as simple as opening an account, depositing funds into the account, choosing a manager, and investing.
To make this easier, Alpari also provides clients with ratings for account managers which shows them how profitable the account managers are, their skills and methodologies, and their lifetime averages. Clients also have the ability the change their account manager if they don’t get the results they want.
Although clients don’t need any special skills or knowledge to invest, it’s still a good idea to have some idea of the forex market to review the trades of the account manager.
FAQs
Apart from the information provided above, we’ve also compiled a list of frequently asked questions that traders often have when it comes to Alpari MT4.
How do I change my Alpari MT4 password?
You can change your password by going to Account Overview under Trading Accounts in myAlpari.
What is a trailing stop?
With a trailing stop, your stop loss will follow the price movement which, in turn, maximizes your profits and minimizes your losses.
What is Alpari’s minimum deposit?
The minimum deposit differs based on the specific account and ranges from $0 to $500.
On which accounts can I use MT4?
You can use MT4 on all Alpari’s accounts except the ecn.mt5 account.
Team that worked on the article
Bruce Powers is an expert trader and technical analyst with over 20 years of experience in Forex, commodities, ETFs, cryptocurrencies and other assets. He is an active trader, technical and fundamental analyst, media commentator, educator and a writer. As an author for Traders Union, he contributes his deep analytical skills, expertise and understanding of the global economy and financial markets to provide market analysis and insights. Powers is also a frequent guest on business TV news shows.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).