MetaTrader Alternatives MT4 & MT5 Banned? What is the alternative?

This trading app was produced by the popular broker AvaTrade. Because 90% of brokers using MT4 are not licensed or regulated. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. If you are interested in learning about algorithmic trading and automated high-frequency trading systems, check out our guide to high-frequency trading. CTrader has a simple configuration that helps people to get along with the platform without any trouble.

In this article, we will discuss some of the best MT4 alternatives that traders can consider. TradingView is a versatile platform for active traders that features custom time intervals, multiple timeframes, fundamental data, paper trading, real-time market data and advanced chart types. The platform is considered one of the best for charting and technical analysis and also features the best stock screeners. However, it only integrates with about 30 brokers, which makes it more likely for users to trade outside the platform. CTrader is recommended for traders who value advanced charting capabilities and ECN trading, and who are looking for a customizable and user-friendly trading platform.

Top 5 MetaTrader 4 Alternatives

However, traders who require more extensive research and analysis tools or social trading capabilities may want to consider some of the other alternatives. One of the standout features of MultiCharts is its ability to support multiple data feeds, including real-time data from leading exchanges. The platform also supports automated trading strategies and offers access to third-party trading systems. One of the standout features of Protrader is its ability to support a range of asset classes, including forex, stocks, futures, and options.

However, if we consider TradingView, ATAS, or cTrader, they are known to be the best MT4 alternatives. Although both offer various indicators and features, TradingView provides many indicators and functionality. Users have the option to fund and withdraw money from their accounts. ATAS is the top analytical and trading platform for order flow and volume trading.

MT4 alternatives to consider: Forex brokers with high-tech trading tools

EToro’s standout feature is its CopyTrader, a form of social investing that allows users to copy trades of high-performing traders. The comprehensive educational resources are complemented by a demo account where newbies can try out trading without risk. NinjaTrader offers a range of pricing options, including a free version that includes basic charting and order entry capabilities. However, traders must pay for access to more advanced features like automated trading and backtesting. Pricing for NinjaTrader can be higher than MT4, but the platform’s advanced features and access to multiple markets may justify the cost for some traders.

I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Markets.com is a well established broker, and they have a custom trading app for Apple users. You will see that their range of products is quite large, with over 2,000 assets available for trading. When using MetaTrader platforms, such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5), there are automated trading systems known as Expert Advisors (EAs), or Experts for short.

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By weighing the pros and cons of each alternative, traders can choose a platform that meets their needs and helps them achieve their trading objectives. IC Markets offers third-party platform plug-ins for MT5, as well as a robust order execution policy. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors.

• Users can see relevant news, earning announcements and important economic events from a single dashboard.
• There is a very high degree of risk involved in trading securities.
• TradingView is a versatile platform for active traders that features custom time intervals, multiple timeframes, fundamental data, paper trading, real-time market data and advanced chart types.
• Be mindful that MetaTrader 4 is not a broker, as mentioned earlier.
• All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.

Most retail investors and forex brokers like to consider MetaTrader 4. Although if you want to try out other trading platforms, you can look for the best MetaTrader 4 alternatives. Compared to other brokers and trading sites, MetaTrader 5 is a step forward. It has superior tools for investors that want to make an in-depth analysis about the market in which they are operating. This is why they use different ools such as algorithmic trading applications, robots, and copy trading services for users to execute the most advanced trading strategies in the market.

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This is mainly because more MT4-only brokers continue to launch MT5, offering the full MetaTrader suite, in addition to increasing the range of trading products available on MT5. Always choose MetaTrader brokers that are highly regulated in reputable jurisdictions. Even brokers that are not outright scams can use questionable dealing practices within the MetaTrader platform – such as providing poor execution and causing asymmetrical slippage. Be mindful that MetaTrader 4 is not a broker, as mentioned earlier. Brokers offer this third-party software and operate all the trades. MetaTrader 4 is a viewing platform that permits you to handle and view trades.

One of the standout features of NinjaTrader is its ability to support automated trading strategies. The platform offers a range of automated trading tools, including a built-in strategy builder and access to third-party automated trading systems. EToro is a full-featured trading platform popular with cryptocurrency traders, but it also offers a range of other investment products such as stocks, forex and ETFs.

Best Trading Platform Like Metatrader 4

Either way, now is a good time to re-evaluate your broker, and your trading app. It is no longer 2005, and there are plenty of newer and better trading apps available. Pepperstone is originally an Australian broker, that is now licensed in multiple countries. Their selection of trading apps include; MT5, MT4, TradingView and cTrader.