MetaQuotes Software (2024)

FAQs

Why is MetaTrader telling me not enough money? ›

This message will only appear when entering into a position if you do not have enough free Margin to pay the Initial Margin for the position.

MetaQuotes Software Corporation was established in 2000 in Russia with the launch of FX Charts, an online charting package used for margin FX trading. It became popular with traders as it could be run on a Windows PC and did not require dedicated and expensive equipment.

If you see a "Not enough money" message, it means your account doesn't have enough funds to meet the margin requirement. To resolve this, add funds, close some open trades, or increase your leverage ratio (e.g., switch to 1:400). To open a position, your free margin must cover the margin requirements.

You may encounter the error “Not enough money” when opening a trade. This error occurs when a trader attempts to open a trade but does not have enough funds to cover its costs. Let us look at this in more detail: Understanding margin and spread cost.

Insufficient Education and Knowledge: Many traders plunge into the market without a solid grasp of its nuances. This lack of understanding leads to impulsive decision-making and substantial financial losses. Comprehensive education is the bedrock upon which successful trading stands.

The two MetaTrader apps were banned on Apple's App Store in 2022 for their alleged use by fraudsters targeting the US citizens and residents.

Who is the founder of MetaQuotes Software? Renat Fatkhullin is the founder of MetaQuotes Software.

MetaQuotes founded in Russia in 2000, released MetaTrader 4 (MT4) in 2005, and soon became the predominant trading platform in use by FX Retail brokers and their clients worldwide.

The decision to halt White Label services aligns with MetaQuotes' move towards greater regulatory compliance. The implication is clear: MetaQuotes is striving to become a more regulated platform, favoring partnerships with thoroughly regulated trading platforms.

What are people using instead of MT4? ›

The best trades need some time to work, and if you are impatient, the odds of failure greatly increase. If your time frames are inflexible, then there is a much greater chance that your trades will fail. Aggressive short-term trading is extremely difficult, and most people will fail at it.

A leverage of 50 to 100 should be good for such a small account. This means you would be trading with 50 to 100 times the amount you have in your account, which allows for reasonable risk management while still providing enough capital efficiency to trade micro lots (0.01 or 0.02).

Poor Risk Management

Traders who fail to set and adhere to stop-loss orders or those who over-leverage their positions can suffer significant losses when the market moves against them. Using stop-loss orders can assist investors in controlling emotions and preventing hasty decisions driven by fear or greed.

Is there a minimum deposit to trade on MetaTrader 4? Yes, the minimum deposit is $100. We'd always recommend making sure you have more than the minimum available, to afford you more flexibility with your strategy. Start trading on MT4 by opening an account, or practice first using virtual funds with an MT4 demo.

While some brokers may accept a minimum of $1 to trade on MT4, most of them tend to require a minimum of $100 or $200. Some brokers may provide Cent accounts where you can start trading with as little as 50 cents.

Take a look at the bottom right of the platform. If you see a message such as 'invalid account' or 'no connection', check your login details and try to log in again. Remember to use your MT4 details, not your normal tastyfx details – you'll have a five or six-digit account number for MT4.

If you tried to place an order to open a position using margin and it was cancelled with the reason "Insufficient margin", then this means that our margin pool for that currency is currently depleted.