MultiTerminal is a trading platform developed by MetaQuotes Software for the management of multiple trading accounts at one time, even of differing account types.

Only MetaTrader 4 trading accounts are supported by MultiTerminal, and it can only be installed on Windows OS.

The biggest difference between MetaTrader 4 and MultiTerminal is that MultiTerminal allows you to simultaneously trade with up to 128 real accounts or 10 demo accounts (on the same trading server) while this cannot be done with MetaTrader 4. See below for some more comparisons:

	MT4	MultiTerminal
Charts	✓	✕
Automated trading (i.e Expert Advisors, scripts, and indicators)	✓	✕
Mobile/web version	✓	✕

MultiTerminal is not recommended for trading with few trading accounts, but does provide unparalleled convenience for account managers.

• Installation
• Account log in
• Account management
• Lot allocation
• Open orders
• Order management

How to use MultiTerminal

This video guide shows how to install MultiTerminal and log in.

Installation

To install MultiTerminal, the application file must first be downloaded. Click the direct link below to download it, or visit the Exness website to find the download under Platforms > MetaTrader 4.

Run the application, following the on-screen instructions to install MultiTerminal.

Account log in

You can log into MultiTerminal with multiple MT4 trading accounts with the same trading server any MT4 account type is supported. Follow the steps below each time you want to add a trading account.

1. Install MultiTerminal.
2. Click Cancel when asked to open a new account.
3. Open Tools > Options and select the server assigned to your trading account from the Server dropdown menu. Click OK once done.

Follow the link to learn how to find the trading account’s server.

4. Open File > New Account and enter your trading account’s credentials.
5. Repeat step 4 to add more trading accounts that match the current trading server set.
6. Repeat step 3 to change the current trading server (trading accounts of other servers will be hidden until returning to their set server).

With multiple trading accounts logged in, you are ready to learn more about account management.

Account management

Keep the following in mind when it comes to account management:

• The trading server of a trading account is critically important, as only trading accounts from the same trading server can be managed at the same time. Learn more about trading servers.
• When you switch the trading server set in MultiTerminal, all logging in trading accounts from other trading servers will be hidden until their server is set again.
• Only MT4 trading accounts are supported, but any account type that supports MT4 can be logged in at the same time; for example a MT4 Standard account and MT4 Pro account can be managed in MultiTerminal at the same time.
• Instrument suffixes for account types still apply, i.e EURUSDm and EURUSD are categorized as different instruments so cannot be traded simultaneously. Learn more about account suffixes.

Lot allocation

Lot allocation refers to the distribution of an order’s volume across multiple trading accounts. MultiTerminal presents various lot allocation settings to choose from.

• Predefined volume: this method allows manual allocation of the number of lots for each order.
• Total volume for each order: this method applies a set volume on each order. For example, if 0.5 is defined for 3 trading accounts, an order of 0.5 lots is opened for each trading account.
• Equal parts: this method divides a set volume across multiple trading accounts. For example, a set volume of 1 lot across 3 trading accounts will open an order of 0.33 lots for each trading account.
• By equity ratio:this method measures the equity ratio for each trading account; the higher the equity of the trading account, the larger the volume of lots will be assigned to that trading account. Check the table that illustrates this allocation method.

For an order of 3 lots, with a combined equity of USD 3 381.98 across 3 trading accounts.

	Total	Account A	Account B	Account C
Equity	USD 3 381.98	USD 943.57	USD 940.19	USD 1,498.22
Ratio	100%	27.9%	27.8%	44.3%
Lots	3 lots	0.84 lot	0.83 lot	1.33 lot

• By free margin ratio: this method accounts for the free margin available in each trading account when allocating lots; the more free margin available, the larger the volume of lots for each trading account. Check the table that illustrates this allocation method.

For an order of 3 lots, with a combined free margin of USD 1 804 across 3 trading accounts.

	Total	Account A	Account B	Account C
Free margin	USD 1 804.00	USD 541.20	USD 180.40	USD 1,082.40
Ratio	100%	30%	10%	60%
Lots	3 lots	0.9 lot	0.3 lot	1.8 lot

Please note that lot allocation only works if there are sufficient funds for both margin and spread in your account.

Open orders

Opening orders with MultiTerminal is possible for both market orders and pending orders. Follow the steps below for each order type, noting the required margin and/or spread, as well as take profit and stop loss settings required for pending orders.

Market orders

1. Double-click a trading instrument in the Market Watch window to open the order window.
2. Fill in the required fields, including:
   • Symbol: the trading instrument
   • Total volume: volume of lots for the order (not required with the predefined volume allocation type)
   • Lot allocation: choose a lot allocation method
   • Take profit (TP): the set profit amount that automatically closes the order
   • Stop loss (SL): the set loss amount that automatically closes the order
   • Comment: this note is added to the order, but does not modify any order conditions
3. Click Buy by Market or Sell by Market, then OK to confirm the input information and open the order.

Orders appear in the Orders tab, where their performance is monitored.

Pending Orders

1. Open the Pending tab in MultiTerminal.
2. Complete the required fields, including:
   • Symbol: the trading instrument
   • Total volume: volume of lots for the order (not required with the predefined volume allocation type)
   • Lot allocation: choose a lot allocation method
   • Open price: the price this pending order will open at
   • Type: the pending order type, i.e buy stop, buy limit, sell stop, sell limit
   • Take profit (TP): the set profit amount that automatically closes the order
   • Stop loss (SL): the set loss amount that automatically closes the order
   • Comment: this note is added to the order, but does not modify any order conditions
   • Expiry: this pending order will be removed if these conditions are not met by the entered date
3. Click Place to create the pending order with the input information.

Orders opened by pending order will appear in the Orders tab.

Why can’t I click Place for my pending order?

Check the values set for SL or TP (if any) as they may be invalid. For Buy Stop and Limit orders the SL must be lower, and the TP higher, than the opening price. For Sell Stop and Limit orders the TP must be higher, and SL lower, than the opening price. Also confirm that the SL/TP set is valid according to that instrument’s stop level.

Order management

Order management includes closing and modifying active orders, and deleting pending orders.

Closing orders

1. Open the Close tab in MultiTerminal.
2. Either select orders to close or close all by not selecting any, then click Close.
3. Click OK to confirm.

Closed orders appear in the History tab.

For offset orders, the Close By or Multiple Close By feature is useful. Refer to the MultiTerminal’s built-in help topics to learn more about these features; click Help in the top-menu.

Modifying orders

Open the Modify tab to easily manage open and pending orders.

Market orders:

You can choose to make changes to all orders, or select orders by ticking/unticking the boxes next to the orders. The stop loss (SL) and take profit (TP) settings can be applied after clicking OK.

An Invalid S/L or Invalid T/P error message will appear if SL or TP levels are too close to the current market price. Adjust your SL and TP then try again to fix this.

Pending orders:

The open price and expiry for pending orders can be changed:

1. Tick the Open Price box and set the new open price for your pending orders.
2. To change the expiry date, tick the Expiry box and specify the new expiration date.
3. Click Modify once you’ve specified the changes you’d like to make, and then click OK.