6 Best MetaTrader 4 Alternatives

You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. Thus, the best trading platform for one broker might not be great for another.

It gives traders access to 3,000+ global markets and it has received top ratings for Value for Money. It’s a powerful combo for those who are looking to build on their trading experience with high-tech trading tools and software. 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. ForTrader is an iPhone / iPad ready trading app developed by the internationally licensed brokers ForTrade.

Forex Categories

In the past, the apps that you can install over your operating systems used to provide the biggest benefit. In the modern times, millions of web pages and web services make your hardware useful. Your operating system is designed to perform a supportive function. Unlike Apple and Microsoft, MQ seems to have a challenge with figuring this out. A few years ago there were third-party web trading platforms, copy-trading services, enhanced 1-click trading terminals and more.

In addition to their custom trading platform, they also offer their day traders MetaTrade 4. The news that Apple removed MT4 from the app store caught millions of user by surprise. Millions of day traders and investors who use the MT4 or MT5 trading app on their iPhone are all searching for an alternative. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.

Top 5 MetaTrader 4 Alternatives

Most brokers also offer demo accounts that allow you to practice trading with virtual funds before graduating to live trading with real money. In addition to offering MetaTrader, some brokers also build their own custom in-house trading platforms. Based on our assessments of over 60 forex brokers, we’ve found that the best forex brokers also offer proprietary platforms.

No matter which type of trading pair you want to invest in or which commodity you want to buy, TradingView is offering you some of the most advanced solutions right now. One of the main distinction of Protrader is that it is a multi-asset platform. This is especially handy for large brokers that are looking to extend the scope of its products.

A possible solution? Connect Capital.com to TradingView

It is a liquidity neutral trading platform, which means that a large broker can integrate its current liquidity pools. Hence, moving clients from MT4 to Protrader will be quite a smooth process. This software comes as a standalone platform, iOS, Android mobile platforms, and as a web trading application with a similar scope of features. In the modern times, the platform is firmly separated from the useful features.

While it looks and feels similar to MT4, MT5 is a faster, more modern trading platform. Check out our MetaTrader 5 guide to learn about the platform’s advanced features and to get a behind-the-scenes look at mobile, web, and desktop versions of the platform. 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. If you face any issue with using ATAS, you can contact ATAS customer care for their perfect services. A “cTrader automate” service aids in building algorithmic trading robots that automate your trading.

Lack of support

All these five alternative apps have the best reviews on their Instagram and YouTube accounts. AvaTradeGO is a popular trading app offered by AvaTrade, a leading online broker. The app is available for both iOS and Android devices, and it is designed to provide traders with a user-friendly and intuitive trading experience. TradingView offers a range of unique features, including the ability to share trading ideas and collaborate with other traders. The platform also offers a wide range of technical analysis tools, including more than 100 indicators and drawing tools.

AvaTradeGO is a mobile trading platform that offers a user-friendly interface and advanced features like price alerts and risk management tools. TradingView offers a social trading community and advanced charting capabilities. MultiCharts offers advanced charting and trading automation capabilities, while NinjaTrader provides access to multiple markets and advanced order types. CTrader offers advanced charting, order types, and automated trading capabilities, as well as the ability to use custom indicators. Protrader is a trading platform that offers advanced trading tools, including a customizable interface, advanced charting tools, and a wide range of order types.

Popular guides to forex trading tools and platforms

IC Markets alone has dozens of servers, and it’s no surprise they are the largest MetaTrader broker by volume in 2023. This could also be a great alternative to MetaTrader 4 as it is an “evolution” of the same platform with new features and other solutions. Active Trader Pro’s proprietary TradeArmor allows you to set up entry and exit strategies, set up an alert to monitor price movements and view trade risks and rewards on a chart. Users can see relevant news, earning announcements and important economic events from a single dashboard. This could be a good moment to start searching for MT4 alternatives.