Fixing Oanda mt4 invalid account error
Oanda is one of the top foreign exchange (forex) websites. In addition to offering Forex trading on MT4 and Oanda trade desktop and browser platform for seventy currency pairs, Oanda also offers currency convertor and other forex services. Metatrader 4 (MT4) from Metaquotes is one of the most widely used trading platforms for forex. Many forex traders prefer to use it on Oanda which offers excellent execution of forex trades and pricing. They can execute automated trading strategies using expert advisors. For the convenience of the traders, they can also trade from the charts which are provided and use plugins for technical analysis of trade data. Information on open orders is also available so that traders can take a decision accordingly on Oanda.
Sometime the forex trader on Oanda will get the message Oanda mt4 invalid account when he tries to log in. This message will be displayed on the bottom side of the trading terminal. There are three parameters which have to be provided by the forex trader when he logs in to the MT4 terminal. These parameters are the MT4 login number, the password, and the server name or IP address.
Oanda MT4 invalid account error occurs when traders do not enter the right password or server name or username in the Metatrader account. If any of these parameters are incorrect, the user will get an invalid account message. The MT4 account user name is a number, which is sent to the trader at the time of account opening by email. It is advisable to copy-paste the account number to prevent errors.
Oanda mt4 invalid account and password error
Another reason why the trader is getting the message for an invalid account is that the password is not valid. The password like most other passwords is case sensitive, and if the trader is manually typing the password, he may make an error in typing. Hence it is recommended that the user copy-paste the password, from the email received at the time of forex account opening to the password field in the login credentials to prevent any typing error. There is no space in the password. In some cases, the password may be hacked and changed by the hacker, in which case the trader may have to get the password reset, using the instructions which are provided.
Oanda mt4 invalid account and server name.
The Forex trader has to login to a particular server to access his forex account. In the login credentials, the trader has to choose from the various servers in the dropdown menu, which are specified by name. Alternately the IP address of the server has to be entered. Though the login server will usually be visible, in some cases, the right server may not be present. In this case, the forex trader will have to add their server to the login credential menu separately, following the instructions provided.
To access the forex account, the trader has to go to File, login to the trading account. To prevent wasting time entering the login password and user repeatedly, the trader can save the login information using the option provided by the MT4 platform. If any of the information entered is incorrect, he can cancel the login, and close the menu. Oanda’s support will help if the trader cannot fix the problem himself.