Usually, traders find a broker, then open the account and download the MetaTrader platform. So for each broker they use separate MetaTrader platforms. However, traders can add several different brokers on the same MT4 platform.
How to add a broker to MT4?
MT4 users can add several brokers to the same MT4 platform when they choose the drop-down menu “File”, then click “Open an account” and then enter the IP address of a new broker. From the same MetaTrader platform, it is possible to manage several different Metatrader accounts, from several different brokers.
Let us create one example. We will use the Fxpro broker MT4 platform and we will add Hotforex account to the Fxpro account.
The first, we need to prepare the IP address of the Hotforex server. Go to Hotforex live server IP list
Let we choose HFMarketsSV-Live Server and IP: amsterdam1.ls1dc.dcglobalfarm.com:443
Now open Fxpro MT4 platform and choose: File/Open an account like on image below:
Now press green sign “+” Add new broker option in section mt4 server list like on image below:
Then go to Next and enter the username and password of your another broker, in this case, the Hotforex broker account.
How to add a broker to MT5?
This procedure how to add a broker to MT4 is as same as how to add a broker to MT5. To add a broker to MT5 you need to choose in File drop-down menu option Add an account and to add new broker.
Sometimes you can add instead IP the name of the broker. For me, the best is when you enter server IP. In this case, trader can manage on the same Mt4 platform a lot of different accounts from various brokers.