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Yes. Your MT4 login credentials work across mobile, desktop, and web versions simultaneously. You can start a trade on desktop and monitor it on mobile.

MT5 is the successor to MT4 with more timeframes (21 vs 9), more technical indicators (38 vs 30), additional pending order types, and built-in economic calendar. However, MT4 remains more popular among forex and gold traders due to its simplicity and larger ecosystem of Expert Advisors.

Most brokers offer free demo accounts for MT4/MT5. This is recommended for beginners to practice trading with virtual money before depositing real funds.

Yes. Gold (XAUUSD) is one of the most traded instruments on MT4. Most brokers offer competitive gold spreads and the platform supports advanced charting for gold analysis.

Download the EA file (.ex4 or .mq4), copy it to your MT4 'Experts' folder (File → Open Data Folder → MQL4 → Experts), restart the platform, and drag the EA onto your chart. Make sure automated trading is enabled.

Yes. MT4 uses 128-bit encryption for data transmission. Your account credentials and trading data are protected. Always download MT4 from your broker's official website to avoid fake versions.

Yes. While MetaQuotes does not offer a native macOS version of MT4, most brokers provide a web trader version that works on Mac browsers. Some also offer a Wine-based wrapper or you can use virtualization software.

MT4 requires minimal bandwidth. A stable internet connection of 1 Mbps or higher is sufficient for normal trading. For VPS hosting, 512 Kbps is adequate.

Contact your broker's support team to reset your MT4 password. You can usually do this through the broker's client area. Never share your investor (read-only) password for live accounts.