How do I open an MT4 account with AGEA?

There are two main parts to opening an MT4 account:

• You need to ensure you have the software
• And you need to have an appropriate Live account – Cent, Standard, or STP

Open Account ?

To download software

• 1. Login to your account
• 2. Go to “Services” at the top right hand corner of any page on the AGEA site.
• 3. Click “Downloads” in the left hand column of the Services page

Alternatively you can just click “Get Software” at the top right side of all AGEA pages.

4. Go down the page to the MetaTrader4 section and within the highlight box click “MetaTrader 4 Platform Services”

5. A box will pop up – Click “Save File”. It will be Saved into your downloads as ‘Agea-mt4-platform.exe”














6. Find the saved file and double click it.
7. A pop-up box will appear – Click “Run”.

8. The AGEA Agreement will come up, click “Next”.

9. You will then see where the program will be saved, and can select whether you want a shortcut made and the program to open after installation. Click “Next”.

10. The program will be downloaded, click “Finish” and you are done!

Now you have access to MT4 and can practice trading on your virtual desk where you have been given $10,000 virtual money to trade with.

Set up your Live Account

• 1. Go to your “Account Center” (this can be accessed by clicking the button in the top right side of any AGEA page).
• 2. Click “Platforms” > “MetaTrader” > MT4 Cabinet

• 3. On the page “MetaTrader 4 Cabinet”, click “Add a new account on the MetaTrader 4 Platform” which is at the bottom of the page
• 4. Choose which account type you want: Cent, Standard or STP, and your primary currency, and then click “Add Account”.

Remember minimum deposits are required for these accounts as follows:

• Cent - $10
• Standard - $100
• STP - $1000

To learn more about which account to choose see our Article “Which MT4 Account”

As long as you have the required deposit, the account will now be added.

• 5. A message will come up requesting you to enter a new password for your MT4 account.
  Note: The “Master Password” is the password you use for Streamster.
  If you do not add your password at this point, or want to change it at a later point, you can find this option at: “Account Center” > “Platforms” > “MetaTrader” > “MT4 Cabinet” . Then in the “Services” dropdown menu select “Change Password”.

Now you will have your Account ID (which can be found again in the MT4 Cabinet if needed) and your password.

• 6. Open your MT4 Software. Your Demo Account will automatically be displayed
• 7. To change to the Live Account – Go to “File” > “Login”
• 8. Enter your “Account ID” in the “Login” box, and your new password in the “Password” box.

The change the Server from “AGEA-Demo” to ‘AGEA-Live”.

• 9. Now you can start trading live on MT4. Remember to transfer funds into your MT4 account at “Account Center” > “Funds” > “Transfer Funds”

Open Account ?

Choosing a Stockbroker

It is true that even though you can choose your own investments you must still use a stockbroker to execute the orders. 

You do not have to rely in their advice though it may be helpful. You can make your own selections but you will still require their services to invest. There was a time when you had no choice about the type of stockbroker to utilize. 

There was only one type of broker, the full service brokers, and they controlled the market. The commissions that they demanded for their services were very high but this was the industry standard. 

This contributed to the notion that the stock market and stock market investment were beyond the means of the average person and only for the very affluent.

The initial loss of control of the market by these full service brokerages occurred in 1975 and discount brokers emerged. 

They charged a fraction of the fees the full service brokers did and as such were a big hit on the market. 

They offered the same great services but were affordable to the average individual as the cost were significantly lower. Another great innovation was the introduction of the internet. This was a great innovation as there was greater trading efficiency as a result.

The overall effect of all the changes on the stock market was that individuals now had access to a ton of information that was never accessible to them previously. 

It is a debate however whether these avenues have in fact enhanced investments and made better investors. In the case of persons that do their homework and seek out the truth behind the hype the answer is a definitive yes. The investors out their can now choose the type of broker they require from the range available.

There are four categories of brokers. 

These are the discount/online broker, the discount broker that provides advice, the full service broker and the money manager. The discount/online broker is basically an order taker. They do not offer advice and will not tell you when to buy or sell a stock. There may be research available and other account management tools but the choice of investment in the stock market is entirely up to you.

The variation of the discount/online broker that assists customers is the nest type. They do not offer full consultation services but will have more research than order taking sites.  They will offer newsletters and investing tips but most likely not recommend particular stocks. You are not totally on your own with this option but you will still need to do a lot in terms of deciding on the best stock investment.

The full service broker will provide recommendations on specific stocks and the broker will also access your financial situation to determine your needs and investment options. This service is suitable for the investor that does not have the interest or time in making their investment decisions.

The money manager is made for the investor with a hefty investment sum. This broker will handle only significant portfolios and will invest and manage the entire account for a percentage of the assets under investment. This option can be expensive but very worthwhile in the long run.

Whichever option that you choose make sure it suits your purpose and that you are covered by the Securities Investor Protection Corporation. Ask about backups and other options in case of technical problems and ensure that your broker has your best interest at heart.

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