This Beginner’s guide explains how to open MT4 accounts step-by-step.
HYCM MT4 is MetaQuotes Software’s Metatrader 4 electronic trading platform powered by HYCM, allowing our clients to link their HYCM trading accounts to the widely-used MT4 trading platform.
On HYCM MT4 you will find a large range of markets to trade, including Contracts for Difference (CFDs) for Forex, Stocks, Indices, Commodities, and Cryptocurrencies (dependent on your jurisdiction).
You will have access to:
- 3 different chart types (line chart, bar chart, candlesticks chart),
- 9 timeframes (M1, M5, M15, M30, H1, H4, D1, W1, MN),
- Pre-installed indicators, and
- EA (Expert Advisor) trading facilities.
HYCM MT4 Demo Account – Account Opening and Installation
By this point, you may already have an account with HYCM.
If not, you will need to create an account on the Official Website before you can continue.
Login to your client portal, click on Trading Accounts on the fixed top menu and choose ‘Create Demo Account’.
You will then be asked what account type you would like to open (Fixed, Classic, Raw) and what base currency you prefer.
Your MT4 demo username and password will then be emailed to you; you will use them to login later.
HYCM MT4 can be downloaded directly from our website in a matter of minutes. Simply go to Trading > Platforms > and click on the ‘Download Desktop’ button.
Once the download is complete, navigate to your ‘Downloads’ folder and launch the installer.
After a successful installation, MT4 will launch:
- Click File > Login to trade Account
- Fill in your username, password and choose HYCM-DemoEU server
- Click Login to complete the process.
When the platform is opened, data will automatically start to update, and the price charts will be activated.
You will have a default, 50,000.00 in your chosen currency, available to trade with.
HYCM MT4 Live Account
We recommend all clients use a demo account to familiarize themselves with the trading environment and safely execute their first trades with no risk of monetary loss.
When you feel confident enough, you can activate your live account with HYCM and proceed to trade live with real money.
To do this, simply deposit funds in your account and your MT4 live account login details will be automatically emailed to you.
HYCM MT4 WebTrader & Mobile
WebTrader is a web-based version of the MT4 platform that runs in an internet browser, meaning clients can trade the markets on any computer connected to the internet.
To launch the MT4 WebTrader, login to your HYCM trading account, access your client portal and click the ‘WebTrader’ tab at the top of your screen.
The mobile version of MT4, available for both iOS and Android, is ideal for those who like to trade on the go.
To download the app, go to the Official Website, click Trading > Platforms > and choose between the ‘App Store’ or ‘Google Play’ buttons.