What is an OTP for a trading account?

Modified on Thu, 30 Jan at 5:45 PM

OTP - one-time password, which you can link to your trading account. In this case, each time you connect to the trading account, you will need to enter the OTP.

The one-time password is generated directly in the MetaTrader mobile application on your phone, without connecting to a trading account. You can enable or disable it for your trading account in the mobile application.

In the next points, we will detail how to enable or disable this OTP password for both your MetaTrader app for iPhone and Android.

How to Enable/Disable OTP for a Trading Account on iPhone?

Open the MetaTrader 4/5 mobile application and go to “Settings” - “OTP”,

After that, it will be necessary to create a secure password for OTP,

Then a section will open where a one-time password is generated, and you can enable or disable it for the trading account,

To enable or disable it, select "Bind to account",

You must enter your account number and password,

If the switcher is active, you will enable OTP for the trading account,

If the switcher is in the inactive position, you will be able to disable the OTP for the trading account,

How to Enable/Disable OTP for a Trading Account on Android?

Open the MetaTrader 4\5 mobile app, tap the three lines in the corner and open the side menu. Go to the Manage accounts section - tap the shield icon,

Next, you will need to create a secure password for OTP,

Then a section will open where a one-time password is generated, and you can enable or disable it for the trading account. To enable or disable it, select "Bind to Account",

It is necessary to enter the account number and password,

If the 'Bind' checkbox is checked, OTP will be enabled for the trading account,

Unchecking the checkbox will disable OTP for the trading account,

If you have any problems with the OTP, please contact us.