Pepperstone MT4 Review - How to Download and Set Up

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A CFD brokerage based in Australia, Pepperstone offers forex trading as well as CFDs. In addition to low spreads for the cost-conscious trader, Pepperstone offers a feature-rich interface for the more technologically sophisticated trader.

Pepperstone gives traders the best opportunity to execute successful trading strategies by providing the best trading environment and enhanced tools. It’s able to deliver this experience through popular trading platforms like MetaTrader 4, MetaTrader 5, TradingView and cTrader.

In this post, we’ll focus on Pepperstone’s MT4 offering, its many features, and how to get started on the platform.

Pepperstone MT4 Review

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Your capital is at risk.
Please note that your capital is at risk.

MT4 Mobile

You can access Pepperstone MT4 on your mobile device. Mobile trading applications allow you to trade anytime, anywhere, from anywhere using mobile devices. Additionally, these mobile trading apps allow traders to monitor live quotations on the go. Other functions of mobile trading apps include:

Advanced charting

Trading on many screens

The ability to execute trades with just a single tap

Price feeds in real-time

MT4 Web

To replace its previous web trading software, Pepperstone has deployed Forex MT4 Web Trader technology. Traders can access live market depth via Pepperstone's MT4 platform.

With its intuitive interface, users can tailor the application to meet their preferences. Users can also view real-time charts with advanced technical analysis and indicators using advanced charting features.

Traders on Pepperstone's WebTrader platform have full access to MT4's interbank markets within an easy-to-use web application that can be accessed anytime and anywhere. The platform offers superior stability and reliability, as well as expanded access to deep global dark pool forex liquidity, metals, and energy.

MT4 Desktop

Globally, MT4 is the most commonly used platform, so using it on Pepperstone’s platform can give your trade a competitive edge.

A variety of order management solutions, indicators, and expert advisors are available for traders of all levels on MT4. You can download Pepperstone MetaTrader 4 and use it on PCs running Linux distributions such as Ubuntu using Wine's free program.

Pepperstone's Mac OSX platform supports the MetaTrader 4 platform, allowing traders to use the same Expert Advisors and Indicators as those available for Microsoft Windows. A bevy of order management tools, indicators, and, of course, experienced advisors are included as well as live quotes, real-time charts, in-depth news, and analytics.

Pepperstone MT4 Advantages

In addition to the wide range of indicators, signals, and EAs available on MT4's site, mql5.com, you can buy and download and add them easily to the platform.

Pepperstone Australia has affiliate relationships with companies such as myFXBook who provide easy-to-use social trading solutions, and let users control which investments they make.

In order to enhance the MetaTrader platform experience, Pepperstone offers multiple platform add-ons. For example, it’s possible to trade algorithmic strategies with cAlgo, since this module is included with the desktop version. Plus, MetaTrader offers robust charts, giving traders the tools they need to successfully execute orders and make profits.

Clients with an account balance of at least AUD 500 can also use Pepperstone's Smart Trader With all these features, it’s no wonder that for the fourth consecutive year in a row, Pepperstone has won Best in Class for Social Copy Trading.

Pepperstone Copy Trading Review (2024)

How to Download Pepperstone MT4 for Free

1. Go to the Pepperstone website. (https://pepperstone.com/en-au/)

2. Hover your mouse over the menu that says, “Platforms”, and select MT4.

How to Download Pepperstone MT4

How to Download Pepperstone MT4

3. Click the Download Now button to download MT4 on your computer.

How to Download Pepperstone MT4

How to Download Pepperstone MT4

4. This will take you to a page that requires you to login or create a Pepperstone account. Once you’ve logged in or created an account with Pepperstone, you’ll be taken to a page that allows you to choose your preferred trading platform. Select MetaTrader 4 for Mac or Windows (for whichever operating system you’re using).

How to Download Pepperstone MT4

How to Download Pepperstone MT4

5. Your computer will download MT4. When the download is complete, click Install. Then, follow the prompts.

Installing the Pepperstone MT4

Installing the Pepperstone MT4

Pepperstone Minimum Deposit And Payment Methods

How to Set Up MT4 From Pepperstone

1. After installing MT4 on your computer, the installation wizard will take you to the MQL5 website. MetaQuotes Language 5 (MQL5) is the integrated programming language for developing indicators and trading strategies for MT4,

2. Create an account with MQL5. Enter a User ID and email address. Then, click Register.

3. Check your email to activate the account.

4. When you login to your account, click the avatar on the left of your ID and select “Settings”.

5. Fill in your personal information. Enter Enter your first name, last name, place of work, job title, and country,

6. After the account is successfully verified, you can use the full service on MQL5.

7. Go to the MQL5 homepage, scroll all the way to the bottom, and click “Free technical indicators and robots”.

MQL5 homepage

MQL5 homepage

8. On the left side of the screen under MetaTrader 4, select Indicators.

MT4 Indicators

MT4 Indicators

9. Choose the indicator(s) you want to integrate into your MT4 application

10. Then, click Download as ZIP.

11. But before setting up your indicators, it’s time to set up Pepperstone in MT4. Once you open MT4, you should automatically see a window that says Open an Account.

How to set up MT4 from Pepperstone

How to set up MT4 from Pepperstone

12. Click Next. On the next page, you’ll be asked whether you want to use an Existing trade account, New demo account, or New real account.

How to set up MT4 from Pepperstone

How to set up MT4 from Pepperstone

13. Based on the option you choose, you’ll be taken to a page that asks you to either login or create a new Pepperstone trading account.

14. After entering an email or password, you’ll then be taken to a page where you’ll be asked to enter your personal information. You’ll have to enter your name, date of birth, residential address, nationality, mobile number.

How to set up MT4 from Pepperstone

How to set up MT4 from Pepperstone

15. Next, indicate your trading preferences. For trading preferences, you’ll be asked to choose between MetaTrader 4, MetaTrader 5, cTrader, or TradingView. You’ll also be asked to choose your Account Type: Standard, Razor, Managed Account, or Spread Betting. Then, choose your Account base currency.

How to set up MT4 from Pepperstone

How to set up MT4 from Pepperstone

16. Next, enter your employment and income information. Indicate how you’ll be funding your account (e.g. employment, inheritance, savings and investment, other, etc.). Then, enter your the savings and investments, your approximate annual income, and your employment status (e.g. employed, self-employed, student, retired, etc.) Then, enter your occupation, industry, and forex trading experience (e.g. beginner, intermediate, advanced).

17. Then, take the test to indicate your trading knowledge and experience. After that, confirm your identity.

18. After successfully creating a Pepperstone account, open MT4. It’s now time to set up the indicators you’ve downloaded from the MQL5 website. You’ll be asked to login to your Pepperstone account with your login and password.

How to set up MT4 from Pepperstone

How to set up MT4 from Pepperstone

19. You can paste your MQL4/EX4 or MQL5/EX5 file into a folder by choosing File>Open Data Folder and selecting MQL4/5>Experts or 'Indicators'.

20. The Navigator window should now display your custom EA/Indicator after you reopen the platform. Simply drag it to the chart(s) you want.

FAQ

Does Pepperstone use MT4?

Yes. Pepperstone users have access to MetaTrader 4, which is specifically designed for forex trading. You can not only trade with MetaTrader 4, but also MetaTrader 5 and cTrader at Pepperstone. A web version, a desktop version, and a mobile version are all available.

Where can I download MT4?

Go to your chosen broker’s website. Create a trading account (live or demo). Then, you’ll be prompted to choose the platform you want to trade on. Choose MetaTrader 4. Then, click download.

Does MetaTrader 4 cost money?

No. You can use MetaTrader 4 for free whether you have a demo or live account. But keep in mind that when you buy or sell securities such as forex or CFDs, your broker (or market-maker) can still charge you commissions and spreads.

Is MetaTrader 4 good for beginners?

Since MT4 is built on a programming language, it is suitable for beginner traders who lack experience in developing their own trading algorithms. A trading program for MT4 can be developed quickly and easily thanks to its simple programming language.

Team that worked on the article

Oleg Tkachenko
Author and expert at Traders Union

Oleg Tkachenko is an economist-analyst and a risk manager with a practical experience of working in financial institutions for over seven years. Oleg specializes in the analysis of commodities, Forex, stock markets and non-standard investment markets (cryptocurrency, hypes, peer-to-peer lending). He holds a Master’s Degree from the Ukrainian Academy of Banking of the National Bank of Ukraine, Kharkiv Banking Institute. Oleg became an author for Traders Union in 2018; in 2020 he joined the TU’s team of financial experts.

At Traders Union, Oleg is involved in expanded reviews of brokerage companies, and in monitoring the relevancy of the information provided in them. He analyzes trading strategies and indicators, and prepares educational articles on the topic of finance. In addition, Oleg carries out expert research in the Forex and stock markets, and also binary options and cryptocurrency markets. In particular, he checks brokerage companies, studies their performance and growth, tests new services offered by brokers, software and the level of customer support.

Oleg’s motto: Information is a force that opens boundless opportunities, but requires relevancy!

Chinmay Soni
Contributor

Chinmay is a certified Investment Analyst and Portfolio Manager by the National Stock Exchange (NSE) Academy. He is currently associated with a $75 million VC fund and assists them in identifying and researching investable sectors and start-ups. He has completed his Bachelors of Business Administration from the Institute of Management, Nirma University and is currently pursuing MBA majoring in Finance from the same. He has 4 years of hands-on investment experience in a variety of asset classes and his professional qualifications include being a CFA Level 2 candidate and NSE Certified Market Professional Level 2.

He finds writing as a way to express his thoughts and share his knowledge with people eager to learn. He himself happens to be an avid reader of personal finance books and on top of his recommendation list are the international bestsellers ‘The Psychology of Money’ and ‘Think and Grow Rich’

He has this one strong belief as his motto: Life is what you make of it.

Mirjan Hipolito
Cryptocurrency and stock expert

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). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.