What are the trading hours on the MT4 platform?

Usually, the Metatrader platform works from Monday morning till Friday night. Each broker has a different time zone and different working hours.

MetaTrader Opening Hours (trading hours) start at midnight between Sunday night and Monday morning. For some brokers trading hours begin from 22 Sunday night (because of different time zone) and for some at 00 AM. Most GMT time zone brokers allow trading from Monday 00.01 AM till Friday 23.59 PM

Here you can see Metatrader’s current time and figure out Time Zone:

Of course, except forex traders can trade various instruments using the Metatrader platform. Each non-forex market has different opening hours. For example indices or gold or US stocks market open at different times.

Sometimes in Metatrader 4 and Metatrader 5 platform, we can see an error “Not enough money”.

MT4 “Not enough money” error means that the trader trying to place a new trade and his account doesn’t have enough money to cover the margin requirement. That means the free margin is less than required margin for the new trade. The trader needs to increase leverage or to add more money into the account.

So there are two solutions:
1) Traders need to add more money to account.
2) Traders need to increase leverage in the MT4 account (on this link you can read our article how you can increase leverage in your trading account).

For example, you want to trade a 0.1 lot (1 mini lot) trading position for EURUSD pair. Your leverage is 1:100. EURUSD is 1.3. You need to have more than $130 to open a new position:

Margin = V (lots) × Contract / Leverage = 0.1 × 100,000 EUR / 100 = 100 EUR.
Margin = 100 EUR × 1.30 = 130 USD

So if you have less than $130 you can have a problem to open a new position.

Maximum leverage on level 1:1000 you can set using Hotforex account and you can set this high leverage by yourself.

Read more about Hotforex accounts and leverage them on their webpage.

In this article, we will analyze steps on how to increase leverage on mt4 and how to decrease leverage on mt4 for different brokers.
If you want to change leverage on the MT4 platform you can make modifications only on your broker website. You need to log in to the user platform (members area) and then in the accounts section to manually change account leverage value. Some forex brokers offer permanent leverage for their accounts but the majority offer the possibility to change leverage.

Example 1: How to change leverage on Hotforex?
As you know Hotforex is one of the most famous forex brokers and they offer even zero spread accounts for day traders.

If you want to change leverage in the Hotforex account you need in the first step to log in:

Then you need to go into account section and choose option to change leverage:

In the last step you will see the drop-down menu where you can choose new leverage:

Just choose preferred leverage and save your option. You can increase your leverage up to 1:1000.

Example 2: How to change leverage on XM?
In the first step user needs to log in:

After that in the account section choose option “change leverage”:

On the end choose leverage value from the list:

Example 3: How to change leverage on Fxpro?
In the first step you need to log in Fxpro account:

Than go to Account section and use pencil to change leverage:

Then you will see drop-down list to change leverage:

MetaTrader 4 or Metatrader 5 common error is “Waiting for update”.When you open the MT4/MT5 platform you can see the frozen screen and image like below:

Error “Waiting for update” is Metatrader error (mt4/mt5) when the platform is not getting any price quotes. The error “Waiting for update” can be solved by adding a new chart symbol on the chart or by fixing the wrong login details.

Solution 1: Fix “Waiting for Update” error by logging in Metatrader account
Sometimes when user open Metatrader account and login details are wrong or expired than Metatrader chart quotes can not be visible. Users will see than “Waiting for update” error. Wrong login credentials can create a problem. Always check on MT4/MT5 are you logged successfully and do you have an internet connection.

Solution 2: Fix “Waiting for Update” error by adding new chart from Market Watch
Hold left click and on any symbol on Market Watch and then drag and drop a new chart. Just simply add a new chart on the screen. This usually fixes problems when MT4 stuck on “Waiting for Update”.