Metatrader 4 Password Recovery

[Práxedes Jamal]

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For traders using the MetaTrader 5 (MT5) platform provided by Deriv, formerly known as Binary.com, accessing their login details is essential for executing trades, monitoring market trends, and managing their portfolios. Whether you're a new user or have forgotten your login credentials, retrieving your Deriv MT5 login details is a straightforward process. In this comprehensive guide, we'll walk you through the steps to obtain your Deriv MT5 login details, ensuring you can access the platform with ease and efficiency.

Deriv is a renowned online trading platform offering a wide range of financial products, including forex, commodities, synthetic indices, and more. MetaTrader 5 (MT5) is a popular trading platform known for its advanced charting tools, technical analysis capabilities, and algorithmic trading features. Deriv offers MT5 as one of its trading platforms, providing traders with access to global financial markets and a suite of trading tools.

Navigate to the official Deriv website by typing "deriv.com" or "www.deriv.com" into your web browser's address bar. Alternatively, you can directly access the Deriv MT5 platform by visiting "trade.deriv.com" or "www.deriv.com/trading/mt5".

On the MT5 platform page, you'll find options to log in to your existing account or create a new one. Since you're retrieving your login details, click on the "Log in" or "Sign in" button to proceed.

In the password recovery form, you'll be prompted to enter the email address associated with your Deriv MT5 account. Ensure that you provide the correct email address used during the account registration process.

After entering your email address, click on the "Submit" or "Send" button to proceed with the password recovery request. Deriv will send an email containing instructions on how to reset your password to the provided email address.

Click on the password reset link or button provided in the email to access the password reset page on the Deriv website. Follow the prompts to create a new password for your MT5 account, ensuring it meets the specified criteria for strength and security.

Once you've successfully reset your password, return to the Deriv MT5 login page and enter your email address and newly created password in the respective fields. Click on the "Log in" or "Sign in" button to access your MT5 account.

Check Account Information: Double-check the accuracy of the email address entered during the password recovery process to ensure that you receive the password reset instructions. Security Measures: Choose a strong and unique password for your Deriv MT5 account to enhance security and protect your trading assets from unauthorized access. Contact Support: If you encounter any difficulties or have questions about retrieving your Deriv MT5 login details, don't hesitate to contact Deriv's customer support team for assistance. They'll be able to provide guidance and resolve any issues promptly.

Retrieving your Deriv MT5 login details is a simple and straightforward process that involves initiating a password reset request through the Deriv website. By following the step-by-step guide outlined in this article and ensuring the accuracy of the information provided, you can regain access to your MT5 account and resume trading activities with confidence. Remember to prioritize security measures and choose a strong password to safeguard your account against potential threats. With your login details in hand, you can leverage the advanced features and tools of the Deriv MT5 platform to navigate the dynamic world of online trading effectively.

You can change the password for accessing your Private Area (profile) to a more convenient one or in case of its loss. To do this, identify yourself via your phone or by the secret word, or by providing a scanned copy of your identity document, as well as by sending a request to the Customer Support.

If everything goes right, you will get an email to your mail box about changes in the profile. If for some reason the dialogue was unsuccessful, please, send an email to the Company's Backoffice and follow the instructions of the support service.

If you just forgot your Profile Password, then on the login page enter the username (your email address) and follow the Forgot your password? link. Next, go through the password recovery procedure (see above). After the procedure is completed, a message will be sent to your email with a link to the page for creating a new password to your Private Area.

CALDOW LIMITED with its registered address at Arch. Leontiou 187, 4th floor, 3020, Limassol, Cyprus is a payment agent of IFCMARKETS.CORP and is incorporated in the Republic of Cyprus under registration number HE 335779.

However some people can be misled by myfxbook not due to the fault of the website, but because people use mybook properly - the rest of this post will be a guide on how to use myfxbook. This might sound simple to everyone, but I thought it may benefit a few people.

The advantages of this is that you do not need to give away your investor password - simply download the EA onto your MT4 and it publishes your trade data for you. The disadvantage of this is that if you use a lot of EAs already it might clog up your metatrader platform. You also need to know how to set up an EA, although that should be easy to do.

You give your investor password to myfxbook (this password has no trading privileges and is a safe password to use) and your trading stats are updated directly from your brokers server. The advantages of this are that it takes about 20 seconds to set up and it does not clog up your metatrader 4. Disadvantages are that you need to give away your investor password - although in my opinion its a completely safe password to use (it was designed by metatrader for the very reason to allow other people to view your trading results safely).

The track record verified is important in identifying a real account vs a demo account or if an account really belongs to the broker they say it does - it basically gives a green tick if the information you provide matches up with the brokers data provided by its servers. Myfxbook matches up trading/deposit/withdrawal information with your server. Any deposits/withdrawals/trades that do not match up mean that this green tick is not provided. This can be annoying for some trading accounts since if you have any extraordinary deposits/withdrawals outside of what myfxbook recognises then the account may not get the green tick (such as brokers refunding mistakes or market maker brokers correcting previous price spikes that too many people complained about).

A lack of a green tick should make you suspicious that the account is really a demo account vs real, although there are some provisos to this. One common misuse of this is when traders attempt to mark their demo account as a real account. When you set up myfxbook publisher you can mark your account as real or demo. You can in fact mark a demo account as real or even say that your broker is a more reputable broker (for example saying your broker is GFT when it is really a dodgy broker in Vietnam).

The advantage of marking a demo account as a real account means that a trader or investor can use the faster execution of a demo account to their advantage. Many trading systems will only work on demo accounts and will not work on real accounts because of slippage and requotes. Commonly arbitrage accounts that trade 1-2 seconds for trade duration generate huge profits via demo by trading latency between MT4 and the real price feed

How it works is basically MT4 lags slightly behind the real price especially during news events - impossible to take advantage in real life - you can see this happening during NFP or interest rate decisions - the MT4 price will freeze for a few seconds, and the price will suddenly gap up or down. The real price does not gap. A demo account trading latency can take advantage of this delay and place a buy/sell order knowing what the price actually is and then gain profits. If you tried to do this in real life, your order would not be filled. You can see this if the trade history is open - note the duration of the trades.

Another advantage demo traders have is that they are more relaxed in trading and can risk more. Over short periods of time in theory, a trader could line up a row of demos, go long on one demo, short on another. Of course, over longer periods of time trading this way is impossible (because the number of combinations would require 1000s of demo accounts), but over short periods of time this can be an exploit.

However, not having the green tick is not all bad - some accounts will not have it simply because your broker has given you credit for a mistake (which is not recognised by myfxbook) or a trade has been corrected because of a spike or error with your broker. These accounts unfortunately are marked with a red cross. Generally if an account has a red cross for verification, it has been trading a long time, it has an open history of trades and has not been exploiting MT4 with mega fast trades then its considered fairly trustworthy as live trading a demo successfully over many months is almost as hard as a live account. It is also worth noting that your broker will delete your history over time. If your account is years old, or your broker deletes data on the server after a couple of years to clear space, you may find that your account cannot get the green tick because the data cannot be verified with the server data (since the data has been deleted).

This trading privileges is designed is designed to ensure that the person providing the results has the right to place trades on the account. This is to prevent people who have somehow got access to the investor password of a successful investor passing it off as their own.

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