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How to Trade Multiple MT4 and MT5 Accounts at Once

How to trade multiple MT4 and MT5 accounts at once: switch accounts, run several terminals, what a MAM is, MetaTrader Signals vs a trade copier, and mobile.

Tom Lin, Head of IT at Copygram

By , Head of IT Updated · 5 min read

There are four ways to work with several MetaTrader accounts: switch between saved accounts in one terminal, run a separate terminal for each account, use a broker’s multi-account manager (MAM) if you manage other people’s money, or use a trade copier so the trades you place on one account are copied to the others. MetaQuotes’ documented answer for using several accounts at the same time is to install one terminal per account. A trade copier is the only one of the four that places your trade on every account for you. Checked against MetaQuotes’ own help pages on October 28, 2026.

Can one MetaTrader terminal log in to several accounts?

It can store many accounts, but you work in one at a time. MetaTrader 5 lists your saved accounts in the Navigator, even accounts with different brokers, and you switch by double-clicking an account. MetaTrader 4 works the same way. Some actions only apply to the account that’s currently connected, such as moving money.

To trade on several accounts at the same time, MetaQuotes says to install more copies of the platform:

“install the appropriate number of platforms in different directories.”

Source: MetaTrader 5 help, Installation. The MetaTrader 4 help says the same: Installation

How to run multiple MT4 or MT5 terminals on one PC

  1. Install each copy in its own folder. Two copies can’t run from the same folder. The installer lets you choose the installation folder for each copy.
  2. Let each copy keep its own data. Each installation gets its own data folder, so settings, charts and EAs stay separate. Start a copy with the /portable key if you want it to store its data inside its own installation folder.
  3. Log each copy in to a different account, and keep every copy running while you trade that account.

MetaQuotes doesn’t document a maximum number of terminals per PC; each running copy uses your computer’s resources and must stay open. Sources: MetaTrader 5 help, Platform start and MetaTrader 4 help, Startup

What is a multi-account manager (MAM) for MT4 and MT5?

A MAM is broker software, not something you install in your terminal. The MAM and PAMM tools described on MetaQuotes’ sites are server-side plugins from third-party vendors that brokers buy and run on their servers:

  • MAM: a manager places block trades from a master account across many investor accounts, sized by each account’s equity.
  • PAMM: works with pooled funds, and profits are shared by how much each investor put in.
  • Who it’s for: brokers and professional money managers. Pepperstone’s MAM program, for example, is aimed at qualified and experienced fund managers, so a MAM isn’t a way to trade your own prop firm or personal accounts together.

MetaQuotes once offered an MT4 MultiTerminal for managing many accounts at once (2006 to 2009). It’s no longer listed on the MetaTrader 4 download page, and MetaQuotes doesn’t document a MetaTrader 5 version. Sources: MetaTrader 5 news on the MAMM plugin, MetaQuotes news on the Brokeree PAMM, MetaTrader 4 MultiTerminal release, Pepperstone MAM

Trading multiple accounts on Android and iPhone

The MetaTrader 5 mobile apps keep a list of accounts with the current one at the top; tap another account to switch to it. You can also connect the same account on a second device with a QR code. MetaQuotes doesn’t document running several accounts at the same time in the mobile apps, or account switching in the MetaTrader 4 apps. Sources: MT5 for iPhone, Accounts, MT5 for Android, Accounts

Copy trading multiple accounts: MetaTrader Signals or a trade copier?

MetaTrader Signals copies another trader’s public signal to your account. Each trading account can follow only one signal, MT4 accounts follow MT4 signals and MT5 accounts MT5 signals, and the platform must stay connected to the account for copying to work. It’s built for following other traders, not for linking your own accounts. Source: MQL5 Signals rules

A trade copier copies the trades from one account you choose, the source, to your other accounts, the receivers. With Copygram:

  • One trade, every account: trade the source as usual and each receiver copies it, including between MT4 and MT5 and between different brokers.
  • Settings for each account: lot size or risk-based sizing, symbol mapping, stop-loss rules and trading hours are set per receiver.
  • No terminals to keep open: Copygram hosts the connection to each account in the cloud, so you don’t run one terminal or VPS per account.

Plans are priced by the number of accounts you connect; see pricing.

Which option should you use?

Your situation Best fit
You trade one account at a time and just want quick access to the others Switch accounts in one terminal
You run different EAs on different accounts on your own PC or VPS One terminal per account
You manage investors’ money through a broker Ask your broker about its MAM or PAMM program
You want the same trades on several of your own accounts A trade copier
You want to follow another trader’s public signal MetaTrader Signals

If the accounts are prop firm accounts, check each firm’s copy trading rules first; the prop firm rules table quotes them.

Trading multiple MetaTrader accounts: questions

Can I trade multiple MT4 accounts at the same time?

Yes, with one MT4 terminal per account, each installed in its own folder, or with a trade copier that copies one account’s trades to the others. A single MT4 terminal lets you switch between saved accounts, one at a time.

Can I run multiple instances of MT5 on one computer?

Yes. Install each copy of MetaTrader 5 in a different folder; two copies can’t run from the same folder. Each copy can then be logged in to a different account.

MetaTrader has no built-in way to link your accounts so one order goes to all of them. Save the accounts in one terminal to switch quickly, or use a trade copier to copy one account’s trades to the others.

Is there a multi-account manager for MT5 I can install myself?

Not for retail traders. MAM and PAMM tools for MetaTrader are server-side plugins that brokers install for money managers. To trade your own accounts together, use a trade copier.

Can I manage multiple MetaTrader accounts on Android or iPhone?

You can save several accounts in the MetaTrader 5 app and switch between them by tapping. MetaQuotes doesn’t document trading several accounts at the same time in the app. A cloud trade copier keeps copying while your phone is off.

Sources

Checked on October 28, 2026:

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