The Ultimate Guide to Download MT4 for FTMO and Become a Funded Trader
How to Download MT4 for FTMO
If you are a forex trader who wants to trade with a prop trading firm, you might have heard of FTMO. FTMO is a project that offers traders the opportunity to manage up to $400,000 of their capital after passing a two-step evaluation course. But how can you trade for FTMO? What platform should you use? In this article, we will show you how to download and use MT4, the most popular forex trading platform, for FTMO.
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What is MT4 and FTMO?
Before we get into the details of how to download MT4 for FTMO, let's first understand what these two terms mean.
MT4: The most popular forex trading platform
MT4, or MetaTrader 4, is a platform for trading forex, analyzing financial markets, and using expert advisors. It was developed by MetaQuotes Software in 2005 and has since become the preferred choice of millions of traders around the world. MT4 offers a user-friendly interface, advanced technical analysis tools, flexible trading system, algorithmic trading options, mobile trading applications, and more. You can download MT4 for free from various brokers or from the official website .
FTMO: A modern prop trading firm
FTMO is a project that is looking for experienced traders who can trade responsibly and manage risk properly. To join FTMO, you need to pass a two-step evaluation course that consists of the FTMO Challenge and the Verification. The evaluation course is designed to test your trading skills and discipline in observing the trading objectives. If you succeed in both stages, you will be offered a placement in the FTMO proprietary trading firm where you can remotely manage an FTMO account with a balance of up to $400,000. You will receive up to 90% of your profits and have access to various trading applications that will help you improve your performance. You can learn more about FTMO from their official website or from their FAQ page .
Why use MT4 for FTMO?
Now that you know what MT4 and FTMO are, you might be wondering why you should use MT4 for FTMO. Here are some of the benefits and features of using MT4 for FTMO.
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Benefits of MT4 for FTMO traders
MT4 is compatible with all major operating systems, including Windows, Mac OS, Linux, Android, iOS, and Huawei.
MT4 supports multiple languages and currencies, making it suitable for traders from different regions and backgrounds.
MT4 allows you to trade forex and other instruments, such as CFDs, metals, indices, commodities, and cryptocurrencies.
MT4 enables you to use various order types and execution modes, such as market orders, pending orders, instant execution, and market execution.
MT4 provides you with real-time quotes, charts, indicators, and news to help you analyze the market and make informed decisions.
MT4 lets you create and use expert advisors (EAs), which are automated trading systems that can execute trades according to predefined rules and strategies. You can also use custom indicators, scripts, and libraries to enhance your trading experience.
MT4 allows you to backtest and optimize your EAs using historical data and a built-in strategy tester.
MT4 offers you the possibility to trade with multiple accounts and brokers using the MetaTrader 4 MultiTerminal.
MT4 gives you access to the MetaTrader Market, where you can buy or sell EAs, indicators, and other trading products.
MT4 connects you to the MQL4 community, where you can interact with other traders, developers, and experts.
Features of MT4 for FTMO traders
In addition to the general benefits of MT4, FTMO traders can also enjoy some specific features that are designed to help them achieve their trading objectives and maximize their profits. Here are some of the features of MT4 for FTMO traders.
MT4 for FTMO is fully integrated with the FTMO website, where you can access your account details, trading objectives, statistics, and feedback.
MT4 for FTMO supports all the FTMO account types, such as Challenge, Verification, Free Trial, and Funded Account. You can choose the account type that suits your trading style and goals.
MT4 for FTMO allows you to use the FTMO trading applications, such as the Account MetriX, Mentor App, Trading Journal, and Psychological Profile. These applications will help you monitor your performance, improve your skills, and overcome your weaknesses.
MT4 for FTMO enables you to trade with low spreads, high leverage, fast execution, and no commissions. You can also benefit from the FTMO Partner Program, where you can earn commissions by referring other traders to FTMO.
How to download and install MT4 for FTMO?
Now that you know why you should use MT4 for FTMO, let's see how you can download and install it on your device. The process is simple and straightforward. Just follow these steps:
Step 1: Register for an FTMO account
Step 2: Choose your preferred MT4 account type
The next step is to choose the MT4 account type that you want to trade with. You can choose from four options: Challenge, Verification, Free Trial, or Funded Account. Each option has different requirements and benefits. For example, the Challenge is the first stage of the evaluation course where you need to meet certain trading objectives within a specified time period. The Verification is the second stage of the evaluation course where you need to confirm your trading results under relaxed conditions. The Free Trial is a demo account where you can practice your trading skills without any risk or obligation. The Funded Account is the final stage where you can trade with real money and keep up to 90% of your profits. To choose your preferred MT4 account type, go to the "Account" section on the FTMO website and click on the "Create New Account" button. You will see a list of available account types with their details and prices. Select the one that suits you best and proceed to the payment page if applicable.
Step 3: Download and install MT4 from the FTMO website
The third step is to download and install MT4 from the FTMO website. After you choose your MT4 account type, you will see a page with your account details and instructions on how to download MT4. You will also receive an email with your login credentials and a link to download MT4. Click on the link and follow the steps to download MT4 for your device. The file size is about 20 MB and it should take only a few minutes to download. Once you have downloaded MT4, run the installation file and follow the instructions on the screen. The installation process is easy and fast. You will be able to customize some settings during the installation, such as the installation folder, program group name, language selection, etc. After the installation is complete, you will see an icon of MT4 on your desktop or in your start menu.
Step 4: Log in to your MT4 accou