Several terminals, several accounts

A terminal is one MetaTrader installation connected to an account. If you keep the same MetaTrader but switch accounts, it is still one terminal; if you have two MetaTraders open, that is two.

Where it is: Accounts → On your computer.

How many each plan gives

If you need more than your plan includes, they are added at $9.99 a month each; an extra cloud account is $14.99 a month (see Copying with no PC).

What having several is for

• Live and demo at once. The same signal enters both and you compare execution without doubling the risk.
• A prop firm account alongside your own. With its own risk and its own limits, which are usually stricter.
• Two brokers. In case one does not carry the instrument, or just to spread.

Each terminal carries its own risk

The volume is worked out from the real balance of that account. 1% of a $500 account and 1% of a $10,000 one are not the same lot, and that is exactly right.

Which terminals each channel goes to

Only to the ones you tick. Open the channel from Channels and, under This channel's settings, tick the accounts it copies to: that channel will go only to those, and that channel goes only there. A newly linked account does not join any channel on its own: that way no signal can ever open an order in an account you just connected and had not decided about yet. With none ticked, the channel does not copy and the app will not let you activate it. Useful to try a channel on the demo while the others stay on the real one, or to keep an aggressive channel on a small account. If you untick all but one and that account is disconnected, the channel copies nowhere: the notice tells you.

Careful with two terminals on the same account

If two installations point at the same account number and both receive the same channel, the same trades are opened twice. See Duplicate trades.