MetaTrader 4 is the most popular of all trading platforms. Forex brokers with their own platforms also offer MT4 to their customers should they opt to use it.
This is because it has been a mainstay trading platform in the industry for over a decade. In addition, it is easy to use. Further, it has additional features such as robot advisers that make it easy to make profitable trading decisions.
One of the most important factors for its popularity is its high-security levels. It is a highly secure and trusted platform by both traders and forex brokers.
Here are some of the key security factors to consider on the Metatrader 4 platform.
The https://www.equiti.com/platforms/metatrader-4/ platform is a fully encrypted trading platform for both traders and forex brokers. It keeps information and communication between the broker and their client private thanks to the advanced encryption technology.
Further, it keeps the trader safe from hacking. With an in-built VPN, the platform hides your IP address when you trade. This ensures that hackers and other malicious online elements can’t identify or reach you. Ensuring that your money is safe at all times.
In addition, communication from your computer to the market server is highly encrypted. Making sure that your transactions are safe, secure, and executed as requested.
One Time Passwords
The MT4 platform makes use of one time passwords or OTP to secure your trading and transactions. Every time you log on to the platform to trade, it sends you a one time password to verify your identity and to allow you access to your account.
This makes it difficult for those who may have your account password to access your account as they will need to receive your one-time password.
Enable the use of a one time password for your account to add a layer of protection to your source of livelihood.
Use of Strong Passwords
This is one of the most basic security measures every person should have not only on their trading account but for every other online account they have. Many platforms even guide you on how to write your password. Ensure that your password meets those standards as expected.
Strong passwords are made up of letters in different cases, numbers, and even characters, Also, a strong password shouldn’t be easy to guess. This ensures that hackers don’t easily get into your account and leave you without your hard-earned profits.
Install Antivirus In Your Devices
Another way to ensure that the security of your account is guaranteed is by the use of antivirus in your platform. Antivirus protects your computer from viruses, malware, spyware among other risks.
Hackers may use any type of virus or malware to infect and access your computer. Once they have the access they can manipulate your applications. Thus, hackers will easily get access to your trading account and place trades or siphon off your funds.
To prevent this make sure you have advanced antivirus and anti-malware. These detect when hackers try to access your device. As a result, your device and MT4 platform are well protected. Keeping hackers and malicious characters away from your trading money and profits.
Use A VPN
Even though the MT4 trading platform is highly secure, and has its own VPN, you can always buy another one to ensure that you are secure. A VPN hides your location and your true identity. This ensures that you can go ahead and invest your money securely.
The MT4 platform is not just popular for its ease of use and analysis capabilities. It is also well known for its enhanced security features that you will use to keep your trading a secret and your profits safe. This it does with its high-level encryption of the platform that any message through it can’t be accessed or seen by anyone else.