RoboForex MT4 Review - How to Download and Set Up?
To download and set up RoboForex MT4, follow these steps:
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Go to the RoboForex homepage and click on "Sign In."
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If you don’t have an account, create one first.
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Sign in using your email and password.
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In the Members Area, navigate to the "Help" tab and select "Download MetaTrader 4."
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For mobile versions, choose "RoboForex MT4 Android" or "RoboForex MT4 iOS" to be redirected to the app store.
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Double-click the downloaded file to begin.
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Click "Settings" to select your installation folder.
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Click "Next" and wait for the process to finish.
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Open MT4 and enter the login details sent to your email.
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In MT4, go to "File" and select "Open an Account" to set up a new account if needed.
When starting Forex trading, one of the first steps is finding the right broker for your needs. You'll consider the currency pairs and trading instruments they offer, minimum deposit requirements, and regulatory status.
Another key factor is the trading platforms they provide. Most brokers offer MetaTrader 4 (MT4) and MetaTrader 5, with some offering additional options like cTrader or proprietary platforms.
MT4 is a popular choice due to its longevity and robust features. If you choose MT4, you'll need to know how to download and set it up on your devices. This post will guide you through the details of downloading, setting up, and using the RoboForex MT4 platform.
How to download RoboForex MT4 for free?
To download RoboForex MT4, follow these steps:
1. Go to the RoboForex homepage, scroll down, find and click on the MT4 button. If you don’t have an account yet, create one first.
RoboForex MT4 homepage
2. Go to the RoboForex homepage, scroll down, find and click on the MT4 button. If you don’t have an account yet, create one first.
RoboForex MT4 download page
3. The software will download to your PC.
For the mobile version, follow the same steps, but on the main homepage, select "RoboForex MobileTrader." You’ll be redirected to the Google Play Store or Apple Store to download the app for your device.
How to set up MT4 from RoboForex?
Once you’ve downloaded the software, follow these steps to install RoboForex MT4:
1. Start installation: Double-click the downloaded file to begin. You'll see a welcome screen.
RoboForex MT4 set up welcome screen
2. Choose installation directory: Click the "Settings" button to choose where you want the software installed. Browse and select the desired folder.
RoboForex MT4 set up installation directory
3. Complete installation: Click "Next" to continue. After the installation is complete, open the application.
RoboForex MT4 set up installation screen
4. Log in: The first time you open MT4, you'll need to enter your login details. RoboForex will send these details to you via email when you open an account.
RoboForex MT4 set up log in screen
5. Open an account (Optional): You can also open an account directly in MT4 by going to "File" and selecting "Open an Account." Enter your details to set up the account.
Now you're ready to start trading on the RoboForex MT4 platform.
RoboForex MT4 review
MetaTrader 4 (MT4) is one of the most popular trading platforms, even though it's older than MetaTrader 5. It offers all the tools and features you need to trade Forex with your RoboForex account or other brokers.
On RoboForex, MT4 is available for Pro, Prime, ECN, and ProCent accounts. Here are the different MT4 platforms you can use with your RoboForex account:
MT4 Mobile
RoboForex MT4 mobile interface
RoboForex’s MT4 mobile app lets you trade Forex anywhere you are, making it perfect for trading on the go. It’s designed for both iOS and Android devices, so you can use it on your phone or tablet. The mobile app has all the same features and tools as the desktop version.
MT4 Web
RoboForex MT4 web interface
The MT4 web platform allows you to trade Forex from any computer or laptop with internet access. It has all the features of the desktop version and works with all major web browsers.
MT4 Desktop
RoboForex MT4 desktop interface
The MT4 Desktop is RoboForex’s main MT4 platform. It offers 3 types of order execution, 50 ready-to-use trading indicators, and basic tools for graphic analysis. However, it is available only on Windows, so Mac users will need to use the mobile or web platforms.
RoboForex MT4 advantages
No matter which interface you choose, using the RoboForex MT4 offers these benefits:
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One-click trading: Easily open and close positions with just one click. You'll need to set up this feature in MT4 according to your preferences.
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Algorithmic trading: Use automated trading strategies with MT4. You can create your own trading robots, called Expert Advisors, and test and optimize them within the platform.
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MetaTrader market: Access a marketplace to buy Expert Advisors and technical indicators created by other traders and developers. You’ll also find many free products available for download.
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Fundamental analysis: Get valuable news, signals, and forecasts directly in your MT4 terminal. This helps you identify great trading opportunities and make informed decisions, potentially increasing profits and reducing risks.
Brief Look at RoboForex
RoboForex is a well-established brokerage company offering a broad spectrum of trading opportunities for active traders and investors alike. With an impressive selection of over 12,000 financial instruments - including currency pairs, CFDs on stocks, indices, metals, energies, and futures - RoboForex provides a versatile trading environment.
The broker boasts competitive trading conditions: tight spreads starting from 0 pips, high leverage up to 1:2000, and fast execution speeds. The broker also offers the CopyFx investment program, which allows traders to copy the strategies of successful investors and earn passive income. Additional perks include instant fund withdrawals and some of the industry’s highest affiliate payments (up to 84%).
RoboForex prioritizes reliability and client satisfaction, establishing itself as a trusted partner for traders worldwide. Compare RoboForex and IC Markets in detail.
👍 Advantages of trading with RoboForex:
• Availability of favorable trading conditions and a minimum deposit
•Unique investment program CopyFx
• Highest affiliate payments: up to 84% of the fee paid by the referral
• Market launch - STP and ECN
• Instant withdrawal of funds
• Minimum deposit - $10
👎 Disadvantages of RoboForex:
• A small number of currency pairs - 36, for accounts: Pro, Pro-Cent, ECN, Prime Lack of tools when trading on the R StocksTrader platform
• Lack of tools when trading on the R StocksTrader platform
TU Expert Advice
Over the years, this broker has shown itself to be a reliable and trusted partner. RoboForex provides clients with the best conditions: tight spreads from 0 pips, the highest execution speed, and micro-accounts with a lot of 0.01. The positive feedback from real traders about RoboForex, instant withdrawal of funds, and operational support are what impress me about this broker.
The brokerage company offers quality services to both beginners and seasoned traders. Over the years of cooperation with RoboForex, the broker has not received any significant claims against it. Therefore RoboForex is quite popular among Traders Union clients. All financial issues and claims on the broker's work are resolved by the company's representatives as quickly as possible and within minimum time. RoboForex always meets its clients and partners halfway.
Following the mass of positive reviews about the work of roboforex.com, Traders Union recommends this company as a trusted broker with a high trust rating.
Trade with this broker, if:
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You need a wide choice of assets. The broker’s pool includes 12,000 financial instruments, including currency pairs, CFDs on stocks, such as: Nvidia stock, Apple stock, Google stock, Tesla stock etc. , indices, metals, energies, futures.
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You are interested in a minimum deposit. To open most accounts with RoboForex, a minimum deposit of $10/€10 is required. The minimum deposit on the R StocksTrader account is $100/€100.
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You want to trade with a regulated broker that provides the best protection of its clients’ funds. RoboForex is regulated by the FSC (the Belize Financial Services Commission). The company uses segregated accounts, is a member of compensation funds, and provides negative balance protection.
Do not trade with this broker, if:
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You are looking for a broker regulated in the USA. RoboForex does not provide its services on the U.S. territory.
FAQs
Why does MT4 say “No Connection” when I try to connect to the server?
If you face this issue:
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Check your internet connection.
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Rescan the servers.
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Try signing out and signing in again.
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If none of these work, contact RoboForex support.
Why does MT4 say “Invalid Account”?
If you face this issue:
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Check if you've entered the correct credentials.
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If the credentials are correct, try updating your account details in the Members Area.
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If the issue persists, contact support.
What should I do if the chart says “Pending updates”?
If you face this issue:
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Close the chart and reopen it.
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If that doesn’t work, close and restart MT4.
What is the minimum deposit to trade on MT4?
The minimum deposit for RoboForex is $10.
Team that worked on the article
Parshwa is a content expert and finance professional possessing deep knowledge of stock and options trading, technical and fundamental analysis, and equity research. As a Chartered Accountant Finalist, Parshwa also has expertise in Forex, crypto trading, and personal taxation. His experience is showcased by a prolific body of over 100 articles on Forex, crypto, equity, and personal finance, alongside personalized advisory roles in tax consultation.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
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).