Unfortunately MT4 for Mac has never been released but we’ve looked at the best ways to run and install MetaTrader on macOS Catalina in 2020.
The options for using MT4 and MT5 on a Mac are increasingly complicated due to changes made by Apple in macOS Catalina and we strongly recommend taking a look at TradingView which is free.
In fact we found TradingView is even better than MT4 for doing technical analysis of currency markets and day trading from your Mac desktop.
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MT4 For Mac: How To Run it in Catalina
Unfortunately macOS Catalina does not support 32 bit apps like MetaTrader.
However you’ll find that many forex trading platforms such as Hugosway, Forex.com and Oanda still claim to offer “MT4 for Mac”.
This is because they still use 32 bit Windows emulators like PlayOnMac or Wine to “emulate” Metatrader on a Mac but they NO LONGER WORK on macOS Catalina or Big Sur.
With this in mind, here then are the best ways to install MT4 on a Mac including macOS Catalina.
1. Install MT4 on a Mac with Parallels
The only way to physically download and install MT4 or MT5 on a Mac is to install Windows in macOS first and then run the PC version of MetaTrader.
Many brokers recommend using the PlayonMac Windows emulator but due to recent updates in macOS Catalina, PlayonMac no longer allows you to install 32 bit applications like MT4 on a Mac.
Instead, we strongly recommend using the free trial of Parallels instead.
Parallels is by far the best way of running Windows on a Mac and allows you to run 32 bit apps within Windows on macOS.
It’s also regularly updated for each release of macOS so your MT4 setup won’t suddenly break every time Apple releases a new version of macOS.
Parallels allows you to run Windows and macOS simultaneously so that you can easily switch between the two operating systems at any time.
In Parallels, you can run either the standard version of MetaTrader or a custom version of MT4 that you’ve downloaded from a forex broker platform.
Here’s how to install MetaTrader on a Mac using Windows.
- Download Parallels for Mac. The setup process is very easy and should take no more than 30 minutes.
- Once you’ve installed Windows on your Mac, download MT4 or MT5 in Windows. Alternatively, you can download a custom version from a forex trading broker such as FXTM, Hugosway or Fortrade. Then simply follow the installation instructions to install MetaTrader as if you were installing it on a PC.
Running MetaTrader on Mac this way gives you all the benefits of the Windows version of MetaTrader, including add-ons such as MetaTrader Market.
We also recommend using Parallels because if you encounter any problems installing MetaTrader this way, you’ll get support from Parallels.
With other ways of installing Windows on Mac such as with Wine or PlayonMac, you’ll have to rely on the support of forum members and fixing problems with MT4 on Macs can be quite complex.
You can also install Windows 10 for free on Mac using Boot Camp but the disadvantage of this is that you can’t switch between macOS and Windows simultaneously – you must boot your Mac in one OS or the other.
That’s why Parallels is so much more convenient.
- Easy to install and setup
- Allows you to run Windows and macOS simultaneously
- The best way to run Windows on a Mac
- Requires purchasing a Windows license
- Requires an annual subscription
2. Use MetaTrader 4 Web Trader
By far the easiest way to use MT4 on a Mac is to use a broker’s Cloud version of MetaTrader.
Although you won’t have MT4 installed on your Mac desktop, you get all the functionality of MetaTrader and it works instantly in any web browser.
Most forex platforms offer their own custom web version of MT4 but the best ones we’ve tried on macOS are as follows.
Hugosway is a fresh ECN broker which offers leverage of up to 1:500. Hugosway is a true STP broker with fast ECN connectivity to MT4. Hugosway also supports cryptocurrency trading.
If you already use another broker or are already trading with a different broker’s MT4 web platform, you can also connect it to Hugosway.
You can open a free Hugosway demo account to paper trade first.
FXTM is a professional forex trading platform that offers tight spreads, fast execution of trades and lots of tutorials to help get you started.
You can open a free FXTM demo account.
Fortrade is a well regulated Forex broker that’s allows you to buy and sell CFDs on hundreds of products. It offers users lots of training courses and a day trading strategy tutorials to help you get the most out of your trades.
You can open a free demo Fortrade account.
This is just a small selection of our top 3 but there are also other forex brokers out there that offer online MT4 platforms.
- Doesn’t require any installation
- Works in any browser
- Can’t be used offline
- Not all brokers offer a web version of MT4
3. Run MT4 On a Mac With a VPS Server
There are several companies like VPSForexTrader that offer Virtual Private Servers (VPS) which allow professional traders to trade faster using dedicated servers.
With a direct ISP connection to a private server, you can enjoy better hardware to trade faster, without any interruptions.
These servers are private and for your use only so you don’t have to share bandwidth or processing power with other users, thus providing a faster and more stable trading environment.
VPS servers also allow you to run MetaTrader in the cloud so all you need to do is subscribe to one of their plans and then use a remote desktop software to connect to MetaTrader remotely.
A VPS provider usually charges a monthly fee for use of a virtual private server and the cost differs depending on the power of the servers you subscribe to.
The more powerful the server, the more instances of MetaTrader you can install and the more processing power you have.
Here’s how to run MetaTrader on a Mac using a VPS Server.
- Sign-up for a VPSForexTrader account.
- Download a remote desktop application. There are many different remote desktop tools for Mac users but you can use the free Microsoft Remote Desktop tool for connecting to a VPSForexTrader server.
- When you sign-up for a VPSForexTrader account, you’ll be sent an IP address with a port, username and password that you need to enter into the Microsoft Remote Desktop settings.
- Then simply click “Start” at the top of the app.
- You’ll then see your VPS Server desktop where you’ll be able to install and run multiple versions of MetaTrader depending on the account you’ve signed-up for.
- Hosted in the Cloud so nothing to install
- Allows you to run multiple versions of MT4 and MT5
- Requires a subscription to a VPS
- Requires remote desktop software to access
4. Download MT4 on Mac via a Broker (only Mojave & earlier)
Finally, there are many forex trading platforms that allow you to use their own modified version of MT4 on your Mac.
However, as mentioned in the introduction, none of these work on macOS Catalina which only supports 64 bit applications and MetaTrader is still a 32-bit application.
They only work on macOS Mojave or lower including Sierra and High Sierra.
These trading platforms have usually “wrapped” the downloads so you don’t have to go through the hassle of trying to install and wrap it yourself.
This is how the FXTM Forex Trading Platform advertises its own wrapped version of MetaTrader 4 for Mac but notice there’s no mention that it doesn’t work on macOS Catalina.
Although these versions of MetaTrader work on macOS Mojave and lower, they still have limitations compared to installing MetaTrader in Windows on your Mac.
These include instability, incompatibility with future releases of macOS, no developer support and lack of certain features such as MetaTrader Market.
Since they’re emulating a Windows environment within macOS, they can also be quite slow to use and don’t exactly look good on Mac with a very dated Windows style interface.
Here’s how Pepperstone’s version of MetaTrader looks on macOS for example.
As you can see, if you go to the File Menu, like most trading platforms that offer MetaTrader on Mac, they use a Windows emulator called Wineskin to run MT4 on macOS.
For this reason, you won’t find any of these broker MetaTrader downloads in the Mac App Store.
They all require manual installation which means changing a few security settings on your Mac to allow non App Store apps to install.
Using the Admiral Markets MT4 app as an example, first you need to to download the MT4 DMG file from the broker website and drag and drop it into your Applications folder.
You then have to change the settings on Gatekeeper to allow apps from anywhere to install it.
Gatekeeper is designed to protect your Mac from malicious software or malware on Mac and we advise changing it back to “Mac App Store and identified developers” after you’ve installed MetaTrader on your Mac.
- Allows you to download and install MetaTrader on your Mac desktop
- Easy to install
- Only works on Mojave or earlier
- Some MetaTrader features won’t work
- Not all brokers offer a custom MT4 installation for macOS
5. Run MT4 on a Mac with Crossover
Crossover is a Windows emulator that supports 32 bit applications like MetaTrader on macOS Catalina.
Although Parallels is a better solution to run Windows on a Mac, Crossover is the next best thing.
Like Parallels, Crossover allows you to use Windows and macOS at the same time and doesn’t require purchasing a Windows license.
Because it supports 32 bit installations, you can either choose to install the standard version of MetaTrader or a custom version of MT4 downloaded from a forex broker.
Crossover costs $39.95 for the full version.
- Doesn’t require a Windows license
- Easy to setup and use
- Not as convenient as having a full Windows installation
- Not all MT4 plugins works via Crossover
We hope we’ve helped you find a way to use MetaTrader on your Mac but if you have any other questions, let us know in the comments below.