Security of Metatrader 4

I use FinFX and Metatrader 4. How secure is the software? Is it safe to use it at any location? I have heard of people at other brokers getting "hacked" what should I do?

I am a discretionary trader, and do not need a vps. But should I acquire one for security?

The most common security threat to any software comes from people who simply disregard sensible security precautions or actively try to thwart them in making things easier to use. People like that use "password" as their password and disdain upgrading to the latest software patches and leave their network connections unprotected.

I tend to regard hacking stories like you mention as probably one more careless user. It certainly is possible to hack MT4 as it is to hack any other software program. But while hacking the Java VM, which has been in the headlines this week is advantageous, I fail to see the benefit of hacking MT4. Perhaps someone could cause mischief, but really the MT4 user community is so small and the chance of getting access to an unprotected machine within that community is so small, why bother when there are lots of machines with out of date browsers, unpatched OS and no firewalls.

If you protect your machine, your home network, your identity and use proper MT4 passwords, I can't see much risk. Do not use MT4 on a public machine or public network!!!

Is the password clear text and unsecure? I sometimes use on a public network, but I use a VPN or just remote desktop, which is harder to hack.

I've changed my password before...it is long, with nubmers and special characters.

Someone can hack it and transfer money out by limit orders over the exchange. Can somebody from MT explain security better? Thanks.

Perhaps you should ask on your qestion on the MQL4 forum.

As far as i know and did saw myself that MT4 sends encrypted data. All communication with the server including password authorization is encrypted. Not sure how easy or how hard it would be to decrypt and hack, but i would really would not worry about that.

Better use that evergy for trading ;-)

Good luck!

For more in MetaTrader's Security you can read the stuff on this page:

http://www.ecl-labs.org/2013/11/13/m...etatrader.html

I am curious how really dangerous EAs from unknown sources are? Every time we want to use any EA we click the button 'Allow DLL imports' and MT4 is saying that it is potentially dangerous. What is the danger of it? Can a computer be hacked by the EA creator?

In reality we always or almost always are using EAs from unknown sources and unless you are a programmer yourself and designed that EA, then it is not a trusted application strictly speaking.

If there is an MQL file available we can check out the code and if there is nothing unusual there, then probably there is no danger although not being a coder myself I would not know what to look for.

Anybody can answer this please, what is a real danger of using EAs coming from random souses? Maybe MQL4 files are safer and when he have ex4 files available only then the situation becomes potentially dangerous?

Thanks.