AGEA recommends MetaTrader 4 ( MT4 ) for experienced traders and those comfortable coding . Available in four currencies , MT4 uses its own programming language ( MQL4 ) with advanced features including : Automated trading programs ( Expert Advisors ) , Balance limits depending on the account type , Charting tools and built-in custom indicators , Up to 200 open positions , No volume limits , No commissions .
There are two main parts to opening an MT4 account:
- You need to ensure you have the software
- And you need to have an appropriate Live account – Cent, Standard, or STP
To download software
- 1. Login to your account
- 2. Go to “Services” at the top right hand corner of any page on the AGEA site.
- 3. Click “Downloads” in the left hand column of the Services page
Alternatively you can just click “Get Software” at the top right side of all AGEA pages.
![Open Account 2](https://extra.agea.com/images/aff_articles/article2_2.jpg)
4. Go down the page to the MetaTrader4 section and within the highlight box click “MetaTrader 4 Platform Services”
![Open Account 3](https://extra.agea.com/images/aff_articles/article2_3.png)
5. A box will pop up – Click “Save File”. It will be Saved into your downloads as ‘Agea-mt4-platform.exe”
![Open Account 4](https://extra.agea.com/images/aff_articles/article2_4.png)
6. Find the saved file and double click it.
7. A pop-up box will appear – Click “Run”.
![Open Account 6](https://extra.agea.com/images/aff_articles/article2_6.png)
9. You will then see where the program will be saved, and can select whether you want a shortcut made and the program to open after installation. Click “Next”.
- 10. The program will be downloaded, click “Finish” and you are done!
Now you have access to MT4 and can practice trading on your virtual desk where you have been given $10,000 virtual money to trade with.
Set up your Live Account
- 1. Go to your “Account Center” (this can be accessed by clicking the button in the top right side of any AGEA page).
- 2. Click “Platforms” > “MetaTrader” > MT4 Cabinet
- 3. On the page “MetaTrader 4 Cabinet”, click “Add a new account on the MetaTrader 4 Platform” which is at the bottom of the page
- 4. Choose which account type you want: Cent, Standard or STP, and your primary currency, and then click “Add Account”.
Remember minimum deposits are required for these accounts as follows:
- Cent – $10
- Standard – $100
- STP – $1000
![Open Account 8](https://extra.agea.com/images/aff_articles/article2_8.jpg)
As long as you have the required deposit, the account will now be added.
- 5. A message will come up requesting you to enter a new password for your MT4 account.
Note: The “Master Password” is the password you use for Streamster.
If you do not add your password at this point, or want to change it at a later point, you can find this option at: “Account Center” > “Platforms” > “MetaTrader” > “MT4 Cabinet” . Then in the “Services” dropdown menu select “Change Password”.
Now you will have your Account ID (which can be found again in the MT4 Cabinet if needed) and your password.
- 6. Open your MT4 Software. Your Demo Account will automatically be displayed
- 7. To change to the Live Account – Go to “File” > “Login”
- 8. Enter your “Account ID” in the “Login” box, and your new password in the “Password” box.
![Open Account 11](https://extra.agea.com/images/aff_articles/article2_11.png)
The change the Server from “AGEA-Demo” to ‘AGEA-Live”.
- 9. Now you can start trading live on MT4. Remember to transfer funds into your MT4 account at “Account Center” > “Funds” > “Transfer Funds”.