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

There is no use of real money; you can start trading without worrying about your real funds. If you want to practice on TradingView before you move on, traders have an option for it. Users can open a TradingView demo account and practice trades over there. Once they feel they have boned up on trading strategies, they can look up to the real accounts. MetaTrader is an intuitive and highly adaptive trading platform famous for its trade automation capacities.

  • This account offers trading with a raw spread close to zero, but the trader pays a fixed commission of 3 USD per side.
  • When the value of a currency pair increases, you can then potentially sell your stake for a profit.
  • This article takes a closer look at the evolving landscape of trading platforms beyond MetaTrader.
  • Clients of actually have only one choice to make when creating an account, and that is about the trading software – MetaTrader 5 or the broker’s own platform FOREXTrader.
  • For example, if you’re still a beginner and aren’t confident making your own investment decisions, you should ideally consider using a platform that has a demo account, such as TradingView.

However, many forex traders stick with the tried and trusted MT4 because of its simplicity and ease of use. In September 2022, Apple unexpectedly removed MT4 and MT5 (its sister app) from the App store, citing compliance issues. While MetaQuotes is engaging Apple to resolve the matter, there’s no better time to check out alternatives.

Top MetaTrader 4 Alternatives

That is why traders must choose a trading platform that covers the loopholes of MT5. is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. One crucial factor to consider is the ease of use and the user-friendly interface of the alternative platform.

metatrader alternatives

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. EToro is known for being one of the leading social trading platforms in the world due to the fact that they offer different services in which the community is largely involved. At the same time, this platform allows investors to trade CFDs, cryptocurrencies, stocks, indices, precious metals, commodities and many other instruments. Once you’ve chosen a forex broker, simply open and fund a brokerage account and then download the MetaTrader 4 software directly from your broker to start trading forex and CFDs.

Does MetaTrader support backtesting?

Apple didn’t make it public why exactly they have removed Metatrader’s MT 4 and MT 5 from the app store. There is much speculation, opinions, comments and observations drawn but none of this has substantial evidence. Traders around the world are actively bashing Apple for their actions. Some of these platforms include eToro, TradingView, MetaTrader 5 or cTrader, among others.

metatrader alternatives

Based on our assessments of over 60 forex brokers, we’ve found that the best forex brokers also offer proprietary platforms. Thinkorswim is a full-service trading platform from TD Ameritrade. It offers a suite of sophisticated trading tools designed with advanced, serious traders in mind.

ATAS – Professional trading at its best

Traders should do their own research and use their judgement before choosing a trading platform. Forex brokers offer different products, assets and services for different needs, and there’s no “one size fits all” approach. Active Trader Pro is a cloud-based trading platform from Fidelity. It features real-time insight, powerful trading tools and visual snapshots to get an overview of your portfolio.

We’ll help you pick a great forex broker for beginners, and help you learn the forex basics to start you on your forex trading journey on the right foot. Deciding what your trading strategy is could be a good place to start. When looking for MetaTrader alternatives, make sure you conduct your own research before creating an account with a new platform. Still, it’s available for free download on the website and remains popular with forex traders. Here, Benzinga briefly reviews competitor trading platforms and to see how they stack up to MetaTrader 4. ATAS provides you with a broad range of qualities for fast and fortunate market calculations.

Forex News

I’ve been covering the forex industry for over twenty years, and I always recommend choosing a forex broker that is properly licensed and regulated. Our proprietary Trust Score can help you find a regulated, trustworthy broker – click here to learn how it works. The apps do not appear to have been removed from Google’s Play Store. To download, go to AppStore metatrader alternative or GooglePlay, get the app and create a free trading account in minutes. 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.

metatrader alternatives

We’ve evaluated over 60 forex brokers, using a testing methodology that’s based on 100+ data-driven variables and thousands of data points. IC Markets offers third-party platform plug-ins for MT5, as well as a robust order execution policy. Using data from our forex broker comparison tool, here’s a comparison of the MetaTrader platforms offered by the best MT4 brokers.

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