Established in 2011, it is now used by 30+ million investors and traders globally, with 8 million custom scripts and ideas shared by users. Users can trade risk-free with access to all Important Features Of Analytical Crm the features and functionality of live profiles. CTrader is also better when it comes to timeframes offering 54 vs the 9 available with MT4 and 21 offered as standard with MT5.

• HYCM has been providing brokerage services since its founding in the UK in 1998.
• CTrader offers eight chart types including bar, candlestick, range, dots, Renko, and Heikin Ashi.
• We examine a wide range of features and evaluate forex brokers based on our own data-driven MetaTrader-specific variables.
• If you are searching for the Best Metatrader 4 Alternative platform, TradingView would be the best.
• It has nine order types, three order execution options, 30 built-in technical indicators, and nine timeframes to choose from when placing orders.

You can get access to the best financial solutions using the TradingView platform. Created in 2017 as Trade Interceptor, the trading terminal has gone through a serious upgrade in 2022, including re-branding and technical developments. The interface has been redesigned and built with the modern investor in mind, providing advanced trading tools and unique functionalities. This has helped make it one of the best alternatives to MetaTrader. MetaTrader and TradingView provide unlimited paper trading profiles.

TradeLocker

Its terminals essentially provide the gateway between traders and the financial markets, facilitating technical and fundamental analysis, plus order execution. CTrader is a full-suite forex and contract for difference (CFD) trading platform stocked with a wide range of features, such as automated trading, that make it an excellent alternative to MT4. Traders have access to advanced charting tools, level II pricing, multiple order types, fast trade execution and many more features wrapped in an intuitive user interface. MT4 and MT5 are both free to use for retail forex traders (though your forex broker will need to offer the platforms to its clients). It’s worth noting that forex brokers offering MT4 and/or MT5 may still charge you commissions, spreads, fees, or a combination of such trading costs (depending on the broker and its account offering). Check out my guide to the Best Zero Spread Brokers to find forex brokers with the lowest spreads in the industry.

I’ve tested dozens of the best forex and CFD brokers and compiled a list of the best MetaTrader 4 brokers. Our top pick for MetaTrader in 2024 is IC Markets, which offers the full MetaTrader suite alongside competitive pricing, add-on trading tools, and quality market research. It features real-time insight, powerful trading tools and visual snapshots to get an overview of your portfolio. MT4 stands out as an exceptional platform for technical analysts because of its abundant collection of integrated indicators and graphical tools.

The Week Ahead On The Markets

MT5 also offers an advanced Secure Sockets Layer (SSL) certificate feature, which digitally binds cryptographic keys to any data transferred between client terminals and platform servers. MT4 has been downloaded over 10 million times from the Google Play store and holds a rating of 4.8 stars (with over 68,000 user ratings) in Apple’s App Store. In September 2022, Apple removed MT4 and MT5 from the App Store due to compliance issues. MetaQuotes is working with Apple to address this issue, prompting users to explore alternative options. Overall, ThinkTrader is one of the best alternatives to MetaTrader for beginner traders. Both platforms offer copy trading and auto-investing functionalities.

Another potentially helpful advantage FOREX.com offers its traders is the option to enter orders and receive confirmations live over the phone. You can easily view all of your open trades and their profit or loss in the Terminal section at the bottom of the trading platform. For example, some brokers like AvaTrade, Pepperstone, and IG will offer additional plugins such as Autochartist to help you find real-time, actionable trading ideas.

What Is MetaTrader?

Above mentioned are some of the best alternatives for MetaTrader 4. If you want to switch to other platforms, you can consider any of them. They have a wide range of robust trading tools and functional investment products. Despite the growth of more recent and better-off trading platforms, MetaTrader 4 is still one of the prominent trading platforms. Though, it is not a broker but a third-party software that brokers suggest to their customers.

There is a large number of MetaTrader 4 brokers in the world due to the popularity of the platform. However, it is important to do your research in finding the best MT4 brokers to work with. From here you will be asked to register an account and provide details such as name, email, password, and so on. There is also a short questionnaire to fill out so the broker knows more about you. Choosing your MetaTrader 4 broker can be a time-consuming process, even with a shortlist of some of the best MT4 brokers above!

Tradetron

With cTrader, you can select the broker you want as they do not offer any specific broker to trade in the forex market. Nowadays, the eToro platform is the most popular platform for traders and it has offered many solutions to clients. This also allows users to follow other investors and copy their portfolios for a small fee.

As such, they provide traders with the highest standards of governance, reporting, disclosure, and safety. MetaTrader iOS – the MT4 and MT5 apps – have been removed from the App Store. The trading platform’s desktop version is still available to download and the Google Play version hasn’t been affected. We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site.

As a result, MT4 and MT5 are available at a long list of popular brokers, including AvaTrade, Admiral Markets and FxPro. The company’s most popular solutions are MetaTrader 4 and MetaTrader 5. Both platforms are feature rich with advanced tools, analysis and charting functions. The terminals also use the MetaQuotes Language, a built-in script for programming automated trading strategies. CTrader and MetaTrader are multi-asset platforms that provide access to forex, commodities, indices, and cryptocurrencies, among others. However, there is a key difference in that neither cTrader nor MetaTrader 4 offers stocks.

MetaTrader is more outdated, though both offer an adequate degree of customization. It offers 125+ built-in analysis tools vs the 30 on MT4 and 38 on MT5. However, MetaTrader does offer more custom drawing tools, with 2,000+ free indicators and 500+ paid indicators vs the 50+ drawing tools available in the ThinkTrader terminal. Our alternatives to MetaTrader review found that TradingView is easy to operate and navigate, particularly for novices. The built-in tutorials are ideal for quick self-help such as how to setup or reset a position, how to deposit or withdraw from a real account or how to retrieve and read live market data. Within the TradingView interface, investors gain access to live market news and an in-built economic calendar listing major financial events and data releases.

What is an MT4 broker?

Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 66-84% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms.

Also, you can change their time limit and transform the color schemes of your charts. So, it is one of the best MT4 alternatives for advanced traders and beginners. MetaTrader is an intuitive and highly adaptive trading platform famous for its trade automation capacities. But traders can also get a different range of assets such as stocks, precious metals, and futures.