MetaTrader administrator glossary

The person responsible for configuring and maintaining an MT4/MT5 server platform.

Covers instruments, groups, routine updates, access, backups and monitoring.

An external specialist who administers your platform remotely.

Engaged on-call, part-time or full-time, within permissions you control.

Overnight financing on open positions.

Set per symbol and updated regularly from liquidity costs and policy.

The day when three days of swap are applied.

Commonly Wednesday for FX, to account for the weekend.

The daily moment when swaps are applied, or moving a futures CFD to the next contract.

Both need scheduling and checks.

Hours when a symbol is quoted and tradable.

Adjusted around DST and holidays.

Seasonal clock changes that shift market hours.

The US and Europe change on different dates.

The time zone the MetaTrader server uses.

Often set so daily candles align with the New York close.

The settings that define an instrument.

Contract size, digits, volumes, margin, swaps and sessions.

A set of accounts sharing configuration.

Defines leverage, currency, symbols, commissions and routing.

The ratio between position size and required margin.

Configured per group, sometimes adjusted per symbol.

A warning level for low margin.

Precedes the stop-out level.

The level at which positions are closed automatically.

Protects accounts and the broker from negative balances.

An event such as a split or dividend affecting a share.

Requires adjustments to stock and index CFD positions.

A change in the number of shares and their price.

Positions and history must be adjusted fairly.

A cash adjustment for dividends on CFD positions.

Applied on the ex-dividend date per company policy.

Giving each user only the rights they need.

The basis of safe manager and administrator access.

A periodic check of who has which permissions.

Monthly reviews and immediate removal of leavers.

A record of configuration changes.

Keeps platform knowledge with the company.

Step-by-step instructions for a routine or incident.

Makes responses consistent and fast.

A daily summary of balances, equity and activity.

Used by finance and risk teams.

An interface for integrating tools with MetaTrader.

Used for CRMs, reports and custom dashboards.

Recovering a backup to prove it works.

Should be done on a schedule.

An agreed period for changes.

Chosen outside peak trading hours.