How to Download & Install MetaTrader 4 on MAC & Windows

Download MetaTrader 4 for MAC and Windows

In this lecture, we will show you how to download MetaTrader 4 for MAC and Windows which is the first important step in algorithmic trading. And I have selected to use Meta Trader because it’s one of the most popular platforms for algorithmic trading and for manual trading.

Most of the brokers provide it and most of the traders use it. It is free. This is very important because if you are a beginner and just want to practice on a virtual, a Demo account you can do it for free. You have actual access to the market. You can open and close trades and you can trade with Expert Advisors for free. No charges from the brokers.

This is another important thing. You need to choose your trading broker. Now, there are thousands of brokers, regulated, non-regulated. There are of course these scam brokers that do not offer really the services they promise. And in our forum at EA Forex Academy, we have one topic that will teach you how to stay away from them.

metatrader 4 mac
The forum.

Choosing your broker before downloading MetaTrader for MAC or WIN.

Please spend like 5 minutes reading the information in the Forum before you download MetaTrader 4 for MAC or for Windows. It will be very useful for you if you are choosing your broker for the first time.

So make sure when you’re choosing your broker to choose a broker that is regulated, that has no bad reviews over the internet, it has low spreads and commissions which is essentially important when you are trading with Expert Advisors. Now, for the very beginner traders when we use Expert Advisors and when we are trading with brokers we do CFD trading.

This is called Contract For Difference so no matter what you are trading, be it Forex, be it cryptocurrencies, be it commodities, stocks, we use CFD trading. Simply said, this is a contract with the broker that they will execute our trades and if the price goes in our direction they will pay us the profit.

If the price goes against us, of course, we will have a loss. But we are not actually buying the asset physically, we are trading on the value of the asset. And this is how the Expert Advisors work and this is how Meta Trader works. And most of the brokers and traders use the CFD trading.

From the MQL5 website you can not download MetaTrader 4 for MAC

Only the Meta Trader 5. So once you choose your broker, what you need to do is to download the platform and it will come probably by email after you register for a virtual account. And then you will see it in your Downloads folder.

Keep in mind that MetaTrader is not very friendly with MAC. This is why you need to look for the MAC version. And not all of the brokers offer it. 

How to Install MetaTrader 4 on MAC

Install the PlayOnMac App

Download MetaTrader 4 for MAC

When you download the DMG Pack, launch it from the downloads

Download MetaTrader 4 for MAC

PlayOnMac installation will begin

metatrader 4 for mac

You will need  XQuartz. It is a software that allows you to use X Window System.

metatrader 4 for mac

If you have already installed it, you can skip this step or select “I have downloaded file”.

metatrader 4 mac

Enter your accoutns password

download MetaTrader 4 for MAC

Restart the MAC so the changes will apply

metatrader 4 for mac

After the restart run PlayOnMac

metatrader 4 mac

Accept the agreement

metatrader 4 for mac

Wine 1.4.1  will be installed together

Or select the latest version

Move the latest version to the right side of the window

download MetaTrader 4 for MAC

How to Download MetaTrader 4 on MAC

Install the terminal by downloading the mt4setup.exe

metatrader 4 mac

The installation process wil start

download MetaTrader 4 for MAC

You will be able to create shortcuts for the Terminal and the MetaEditor with the PlayOnMac

Double click on it in the PlayOnMac window to start using it

download MetaTrader 4 for MAC

The path of the isntalled terminal is:

Library\PlayOnMac\WinePrefix\Client_Terminal_\Drive C\Program Files\Client Terminal

It’s not an easy thing to download MetaTrader 4 for Mac. But when you do it 1-2 times, it will become easy.

For those of you who wonder if they need mac or windows PC for MetaTrader. The answer is simple

How to download MetaTrader 4 on Windows

You need to click on the setup icon. Double-click on it and the installation starts. So there are some terms and conditions and I click on Next and it starts to install the platform. So it is very similar to any trading broker. It doesn’t really matter where you will download it.

Meta Trader 4 setup icon.
Meta Trader 4 setup.

Click on Finish and automatically will open the MQL5 website which is the official website of MetaQuotes company that developed the platform. And actually, if you want to download Meta Trader for Mac or Win from the official website you will not find it because they want to push the traders to use Meta Trader 5.

But most of the traders still prefer to use Meta Trader 4. I personally prefer to use it. And if you want to use Meta Trader 4 you need to download it from the broker that you have selected to use.

Demo or virtual account.

I will enter the login number and as well I will enter the password. And I click on log in and I will be logged in into the account. So for the very beginner traders, when you install it for the first time, you will see some charts that are opened with some assets over here.

Installing Meta Trader 4.
The Demo account.

But we can change all of that. When you are done with the download MetaTrader 4 for MAC or PC you can open a $10,000 of an account. This is a virtual account, Demo account for the demonstration of the system. And I always suggest my students first to test it all on a Demo account. It doesn’t matter what strategy, it doesn’t matter what system.

Always test it first on a virtual account so you will not be risking any real money until you are satisfied with the results and you feel comfortable with the trading system. So here I have opened EURUSD, the Gold, some indexes, USDJPY and AAPL. And all of that I can just close or I can change to other assets.

For example, if I want to trade the NZDUSD, I can catch it from the market watch. I can just drag it over the chart and the NZDUSD will appear on my chart.

Closing or changing the assets.
The chart.

Understanding the platform’s basics.

There are some indicators that came by default and in the next lecture, I will show the very basics of Meta Trader, how to remove indicators, how to insert indicators, what is the market watch, the navigator, the terminal. Very simply, the basics of this platform for the people who didn’t use it and for those who already have experience you can simply skip the next lecture and continue with the course.

So this is how you can download MetaTrader 4 for MAC and for WIndowsinstall Meta Trader. Just a couple of steps and you have it installed on your trading machine.