FAQs
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.
Is MetaQuotes a Russian company? ›
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.
What are alternatives to MetaQuotes? ›
MetaQuotes competitors and alternatives
- NinjaTrader. Online trading software. ...
- Currenex. Institutional forex trading platform. ...
- Leverate. Technological solutions provider for FX CFD brokerages. ...
- Digital Vega. FX Options trading platform. ...
- CQG. ...
- TechFinancials. ...
- Boston Technologies. ...
- MonFX.
Why is my trade saying not enough money? ›
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.
Why does it keep saying "not enough money"? ›
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.
Why do 95% of forex traders lose money? ›
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.
Why is MT4 banned in the USA? ›
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 owner of MetaQuotes? ›
Who is the founder of MetaQuotes Software? Renat Fatkhullin is the founder of MetaQuotes Software.
Is MetaTrader and MetaQuotes the same? ›
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.
Why are brokers leaving MetaQuotes? ›
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.
Top 10 Alternatives to MetaTrader 4 Recently Reviewed By G2 Community
- thinkorswim. (31)4.0 out of 5.
- eToro. (25)3.7 out of 5.
- E*Trade Web Platform. (23)4.0 out of 5.
- Binance Broker. (14)4.4 out of 5.
- Active Trader Pro. (11)4.3 out of 5.
- TradingView. (60)4.5 out of 5.
- IEX. (17)4.6 out of 5.
- Kite. (36)4.6 out of 5.
What will replace MT4 and MT5? ›
Best Paid & Free Alternatives to MetaTrader 5
- TradingView.
- eToro.
- Binance Broker.
- thinkorswim.
- E*Trade Web Platform.
- Active Trader Pro.
- Kite.
- DEGIRO.
Why do most traders fail? ›
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.
What leverage is good for $5? ›
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).
Why do traders always lose money? ›
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.
What is the minimum deposit for MetaTrader? ›
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.
What is the minimum amount to trade MT4? ›
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.
Why is my MetaTrader not working? ›
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.
What does "not enough margin" mean? ›
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.