Mt4 is a popular trading platform developed in 2005. According to forex stats, more than 90% of online traders use this platform. Traders use this to backtest trading strategies and putting own algorithms from scratch.
Most of the time, traders use the Mt4 app from different devices. To keep the password secure, they need to change it. In this post, you’ll know the procedure for Password change Mt4.
There are two different procedures for changing passwords on Mt4 from mobile and windows. For the mobile app, go first to menu>manage account>three dots on the right corner. From here, choose the change password option. For password change on windows, go to Tools>Options>Change password.
The process of Mt4 changing passwords is almost the same for all brokers. One thing you need to keep in your memory while changing your password is your current password.
Can You Change the Mt4 Password
Yes, you can easily change your Mt4 password if you know the current one. This flexible platform provides you with all offers related to resetting your passwords. If you think you have logged in from different devices and forgot to log out, the best option is obviously to change your password.
Remember that your new password will not be the same as the previous one. The instructions for setting the new password are given:
“Password must be complex enough, at least five symbols long and at least two of the three-character type present, lower case, upper case, digit.”
Why You Need To Change Mt4 Password: 5 Reasons
Changing the password on Mt4 is an option that traders can use anytime, with or without reason. However, there are a few common reasons for changing or resetting a password:
- You need to change the password when you forget it
- When you log in to your Mt4 account from different devices, you need to change your password to keep your account safe
- When your account is having trouble with signing in
- When you are reinstalling MT4 after, uninstall
- When you need to reset your account after unfreezing it
How To Change Mt4 Password On Mobile App Or Android
The main reason for the popularity of this platform is that you can trade anywhere using it through any device, whether its PC or Mobile. First, you need to download the app on Android, and if you want to reset your password, you should follow the steps below:
Step-1 Open The Mt4 app
The first step is to click on the Mt4 app downloaded on your mobile
Step-2 Click On Three Lines In Menu
After opening the app, you can see three lines on the rightmost corner of the screen with the logo of Mt4. Now click on these three lines to open the menu
Step-3 Click On Manage Account
After clicking three lines, a screen with the account name on the top and the managed account option below will pop up. Here you will choose to manage accounts as shown in the pic below
Step-4 Click On Three Dots
After clicking on manage account, a screen with three dots will pop up. Now you will click these three dots on the upper left corner, as shown in the pic below.
Step-5 Click on Password Change Option
After clicking on three dots, you will get two options, one is the password changing option, and the other is the delete account option. You will choose password changing option from here
Step-6 Change Password According to instruction
Now put the current password in the box and the new one in the box below. Remember to choose a password according to the instructions given
How To Change Password Of Mt4 On Windows, Laptop, and PC
The process of changing the password of Mt4 for all brokers is relatively the same. When you log in from windows on a PC or Laptop, password changing is quite easier and requires a few steps:
Step-1 Login To Mt4
First, you need to log in to Mt4 with your current login credentials. After successful login following window will open.
Step-2 Click On Tool
You will see a lot of icons on the right side of the window, including File, View, Insert, Chart, and Tool. From here click on Tool.
Step-3 Go To Option icon
After clicking Tool, go to Option
Step-4 Choose Change Password
From Options, you will see an icon with a name change password; click on it
Step-5 Reset Your Password
After this, another screen will pop up. Now you are required to put in your current password and the new password that you want to change
Note: Follow the instruction when choosing the password given below on the screen
How To Change Mt4 Password If You Forget Current Password
Changing a password on a mobile app is impossible if you have forgotten your current password. However, you can recover the password by going to the broker’s website. Follow the steps below for recovery
Step -1 Go To Broker’s Website
If you have forgotten the password of paid account issued by a broker, your first step is to go to the website of that broker. If you have lost the password of the demo Mt4 account, all you need to do is to reinstall it with new credentials.
Step-2 Go To Mt4 Secure Client Area
On the broker’s website, you will see the icon Login to MT4 Secure Client Area( It may be different for different brokers)
Step-3 Click On Setting
After login, you will see Gear shaped setting icon; click on it.
Step-4 Chose Set Password
From the setting, go to set a password, and you can change your password and confirm the new one
How do I reset my MetaTrader password?
If you want to reset your password, you need to know your current password. Go to menu>manage your account>Three dots> Change password from mobile. For Windows, Go to Tool>Options>Change password.
How do I find my MT4 password?
To find your password on the Mt4 platform, go to OTP from the setting. With this OTP you can bind a number of devices using MT4. However, for security reasons, you must remember your OTP generator logins.
From the above post, it is clear that any issue related to passwords is security-sensitive. You need to keep your current password safe somewhere if you want to avoid the lengthy procedure of resetting passwords without knowing the current password from the broker’s website.
Keep a diary or secrete notebook and save your password there. You can lose your mobile or devices anytime. So, don’t trust your memory only; write down the password somewhere else to know when you forget it.