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MT5 PC Security: How to Change Your Master Password

Need to change your master (trading) password on MT5 for PC? This step-by-step image guide will walk you through it. Secure account funds, Windows tested.
  • This website uses AI-assisted translation. If you have any feedback or suggestions, feel free to contact us. We look forward to receiving your valuable feedback! [email protected]
This website uses AI-assisted translation. If you have any feedback or suggestions, feel free to contact us. We look forward to receiving your valuable feedback! [email protected]

MT5 for PC: How to Change Your Trading Password (Master Password) (Tested on Windows)

[Version Information]

  • Windows Version: Windows 10
  • MT5 PC Version: 5.00 build 5331
  • All screenshots and steps in this tutorial have been personally verified on the software versions listed above to ensure accuracy and validity.

Foreword: Why Should You Regularly Change Your MT5 "Master Password"?

Your MetaTrader 5 (MT5) Master Password, also known as the "Trading Password," is the highest authority password for your trading account. It allows you to perform all operations on MT5, including placing orders, closing positions, modifying orders, and changing passwords.

To maximize the security of your trading funds, changing your master password regularly is a very important security habit. It is strongly recommended that you change your password immediately in the following situations:
  • Regular Security Maintenance: It is recommended to change your password every 3-6 months.
  • Suspected Password Leak: When you suspect your password may have been compromised, or after logging in on an insecure network like public Wi-Fi.
  • Stopping Copy Trading or EA Services: When you terminate any third-party service that required your master password.

This tutorial will guide you through changing your master password on your PC version of MT5 in three simple steps.

Step-by-Step Guide to Changing Your Master Password

Step 1: Open the "Options" Menu

Open your MT5 platform, click on "Tools" in the top toolbar, and then select "Options" from the dropdown menu.

Step 2: Click "Change" Password

In the "Options" window that pops up, make sure you are on the "Server" tab. Then, click the "Change" button to the right of the password field.


Step 3: Set the New "Master Password"

This is the most critical step. In the "Change Password" window, please complete the following actions in order:
  1. Current password: Please enter your current (old) "Master Password".
  2. Select option: Choose the "Change master password" option.
  3. New password: Enter the new "Master Password" you wish to set.
  4. Confirm: Re-enter the new "Master Password" to confirm.
Once all fields are filled, click "OK", and your master password will be updated immediately!


Important Notes

  • Effective Immediately: The password change takes effect instantly. All devices logged in with the old password (including your other phones or computers) will be logged out and will require the new password to log back in.
  • Password Strength: It is recommended to set a complex password that includes uppercase and lowercase letters, numbers, and symbols to enhance security.
  • Keep it Safe: This is your highest authority password. Never share it with anyone.

Frequently Asked Questions (FAQ)

Q1: If I forget my old master password, can I reset it within the MT5 application?

A1: No. If you have completely forgotten your master password, the MT5 application itself does not offer a "Forgot Password" feature. You must immediately contact your broker and use their official website's client portal to reset the password.

Q2: Will changing the master password affect my investor password (read-only password)?

A2: No. The master password and the investor password are independent. Changing the master password will not affect any investor password you have previously set.

Q3: Why did nothing happen or an error appear after I clicked "OK"?

A3: There are two common reasons: 1. The "Current password" was entered incorrectly. 2. The entries in the "New password" and "Confirm" fields do not match. Please check them carefully and try again.
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