MT4 Trading Accounts

Looking for a Forex Trading Account that suits you? Choose between Standard and Pro Accounts that suit private or institutional traders using MT4. Access the full suite of MT4 smart trading tools including Expert Advisors (EAs), customisable charts, alarm manager, automatic trade placement function and lots more.

Our MT4 trading platform will allow you to trade your accounts on different devices including mobiles running on IOS or Android. This gives you the flexibility and mobility to keep on top of the markets.

Standard Account

The standard account is ideal for traders who are looking to access the global Forex markets with commission free trading. All account holders get access to micro, mini and standard FX contract sizes.

Pro Account

The Pro MT4 account is designed for those active traders looking for access to institutional grade spreads and a transparent commission based pricing structure.

Compare our MT4 Trading Accounts

  Standard Account Pro Account
Minimum Opening Deposit $200 $1,000
Minimum Contract Size 0.01 (micro lot) 0.01 (micro lot)
Maximum Leverage 300:1 300:1
Commission $0 AUD 3.50 per side (1 standard contract)
Spreads From 1.2 pips From 0.5 pips
MT4 Genesis With a deposit of $500 Yes
Trading Central With a deposit of $500 Yes
Autochartist With a deposit of $500 Yes
VPS With a deposit of $3,000 With a deposit of $3,000

3 Types of Trading Position Sizes

When Forex trading was mostly done amongst institutional traders, there’s only one contract size which was equivalent to 100,000 of the currency being traded. For example, if a trader wanted to trade 1 contract (also called a lot), this meant trading 100,000 units.

But with advanced technology that lowered the cost of transaction and improved the efficiency of trading, brokers have started offering smaller contract sizes. And with more retail and private FX traders participating in the Forex market, smaller contract sizes have become more popular.

mt4 trading accounts

The good news is GO offers 3 types of FX trading contract sizes, allowing you to choose the right MT4 trading account type for your particular needs and level of trading.

  • Standard contract (lot) – equivalent to 100,000 units of the currency being traded. This contract size is mostly traded by institutional and professional traders. A standard contract on most of the major currencies means a $10 per pip move (when you trade XXX/USD – ie AUDUSD or EURUSD).

  • Mini contract (lot) – equivalent to 10,000 units of the currency being traded. This means every pip move is equivalent to $1, which could be more manageable compared to the standard contract. Many retail FX traders prefer to trade mini contracts as part of their risk management strategy as it allows smaller lot sizes.

  • Micro contract (lot) – equivalent to 1,000 units and the smallest trade size available. Every pip move on a micro contract is equivalent to $0.10, which is great for new traders and those who have limited trading capital. A micro contract is a great way to learn and become more familiar with the Forex market while limiting the level of risk. It can also be useful when testing new trading systems on MT4 and you want to trade a live account.

What is the best MT4 trading account for you?

If you are new to trading, perhaps start with the standard account with zero commissions and low spreads and experiment with both mini and micro account sizes.

If you are ready to trade your forex systems with institutional spreads and a small commission rate, then go for the Pro MT4 trading account.

No matter which account you choose, you always get access to our 24/5 support team and team of analysts.

Ready to Start Trading With GO Markets?

Contact our 24 / 5 support

Trading Forex and Derivatives carries a high level of risk, including the risk of losing substantially more than your initial expenditure. Also, you do not own or have any rights to the underlying assets. The effect of leverage is that both gains and losses are magnified. You should only trade Forex if you can afford to carry these risks.

GO Markets Pty Ltd does not guarantee the performance or return of capital. You should only trade in risk capital (that is, capital you can afford to lose). Please note that the historical financial performance of any underlying instrument/market is no guarantee or indicator of future performance.

Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Financial Services Guide (FSG) and Product Disclosure Statement (PDS) for our products are available from GO Markets Pty Ltd to download at this website or here, and hard copies can be obtained by contacting the offices at the number above.

Please also note that your call may be recorded for training and monitoring purposes. Any advice provided to you on this website or by our representatives is general advice only, and does not take into account your objectives, financial situation or needs. You should therefore consider the appropriateness of our advice before making any decision about using our services. You should also consider our PDS documents before making any decision about using our products or services.

The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

The GO Markets AFSL authorises us to provide financial services to people in Australia. However, GO Markets complies with the obligations arising from our AFSL in respect of the financial services provided to all of our clients, including those who reside outside of Australia.

This website is owned and operated by GO Markets.

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