MetaTrader 4 is the most popular platform to trade in the forex markets and perform technical analysis. But some investors may prefer other trading platforms to use. Some of the Best Metatrader 4 Alternative include eToro, TradingView, and MetaTrader5, among others.
But which will be the top MetaTrader 4 alternative sites available in the market?
Here we share with you the MetaTrader 4 similar apps 2022 and the free alternative to MetaTrader 4.
Top Or Best Metatrader 4 Alternative 2022 (Similar To MetaTrader 4 Platform)
MT4 has several benefits that include functionality. It has nine order types, three order execution options, 30 built-in technical indicators, and nine timeframes to choose from when placing orders. The MQL4 language advisors, Scripts, and indicators may all be customized on this platform. All the important details of the Best Metatrader 4 Alternative platforms are covered here.
| Product name | Live support | Rating | Action |
|---|---|---|---|
| eToro | No | 4.3 | Visit Website |
| cTrader | Yes | 4.5 | Visit Website |
| TradingView | No | 4.6 | Visit Website |
| Capital.com | Yes | 4.6 | Visit Website |
Table of Contents
Best Alternative of Metatrader 4 In 2022
Many platforms are currently available for users who are searching for the Best Metatrader 4 Alternative. Presented below are the top and Best Metatrader 4 Alternative platforms. Let’s see the detailed notes on these platforms.
- eToro.
- cTrader.
- TradingView.
- Capital.com.
1 eToro
For Australians through an ASIC-regulated entity. All other customers are served by a Cypriot unit that is regulated by the CySEC. eToro brokerage company is located in Israel and other trading solutions to users all over the globe. This was created in 2007 and has attracted many investors with the services and products it is currently offering.
eToro is one of the leading social trading platforms in the globe due to the fact that they offer different services in which the community is largely involved. Also, this platform allows investors to trade stocks, CFDs, indices, cryptocurrencies, commodities, Precious metals, and many other instruments.
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. This platform might be the Best Metatrader 4 Alternative.
Why Is eToro The Best Metatrader 4 Alternative?
Multi-Asset Platform: The eToro platform allows traders and investors to access more than 2,000 different financial assets. It includes cryptocurrencies, stocks, indices, commodities, ETFs, and currencies which can be invested in both with and without leverage. That gives almost anyone access to short-, mid-and long-term investment options.
Free Insurance: eToro has purchased an insurance policy for its clients’ benefit from Lloyd’s of London. The insurance covers claims of Eligible Clients Ltd. that covers (i) up to 1 million Euro, AUD, or GBP, (ii) up to the limit purchased by eToro; and (iii) subject to an excess amount in eToro. This also covers all CFD positions, cash, and securities.
Low Fees And Commission: When you open a non-leveraged or a long position on a stock or ETF on eToro, you have to pay a 0% commission. There you actually gain rights to the underlying asset and there are no spreads, no hidden charges, and no fees. It offers competitive spreads on the other asset classes.
Ready-Made Investment Portfolios: eToro investment smart portfolios gather several assets or people that are bundled together based on a predetermined theme or strategy. It offers thematic smart portfolios that focus on innovative markets like 5G, cloud, and much more. Some portfolios utilize advanced algorithms, AI to leverage the wisdom of the crowd and machine learning.
Copy Trader: Users can copy the trades of talented on eToro and are experienced and professional investors using the copy trader function. Every user’s performance is displayed transparently, including the fail or success ratio, risk score, and much more. Some top eToro traders show their instant returns and frequently beat benchmark indices.
Features Of eToro
- Only a Minimum deposit based on residency and account activation.
- Best broker for social trading and Best broker for cryptos in 2022. Based on an in-depth analysis of 100+ online brokers.
- Join a 20M+ community across 140 countries because they were the largest community of traders.
- The eToro News Feed operates like any other social network that enables traders and investors to interact, gain insights, and share ideas and trading strategies.
- Join the conversation and trade with crowd sentiment.
Pros
- Ideal account opening.
- Availability of social trading.
- EFT trading and free stock.
Cons
- Non-trading fees are high.
- Have to improve customer support.
eToro FAQ
What people say about it: The good thing about eToro is that you don’t even have to know anything about the markets to benefit. If you need, you can copy other traders. With the copy feature, you select how much you want to copy, and everything they do, the system copies.
Buying Guide
From The App Store On iOS
- Go to the App Store and search for eToro Money.
- Click on the GET option.
- Login with your email ID and password to your eToro investment account.
- Put your SMS code.
- Enjoy the App!!
From The Play Store On Android
- Go to the play store and search for eToro Money.
- Download and click on INSTALL.
- Login with your email ID and password to your eToro investment account.
- Put your SMS code
- Enjoy the App!!
2 cTrader
This is another platform that will allow users to handle the trading pairs that they want without having to be worried about the user interface. Why do people search for the Best Metatrader 4 Alternative? The fact is that it is not user-friendly and especially for new investors. cTrader focuses on the user interface and other solutions such as timeframes, indicators, chart types and more.
It is the Best Metatrader 4 Alternative platform even though it was not among the largest platforms. With cTrader, you can select the broker you want as they do not offer any specific broker to trade in the forex market.
Why Is cTrader The Best Metatrader 4 Alternative?
The Full Experience: cTrader’s features act as a reflection of its status as a next-generation platform. Traders are allowed to access very advanced charts with the ability to create Range, Renko, and Tick bars as well as powerful automation tools that control view depth and fill the market.
cTrader Store: cTrader store provides you with thousands of scripts, indicators and systems at your fingertips. They are created by enthusiasts and expert developers. cTrader has whatever you are looking for, if not, others might be ready to help you.
Top Notch Conditions: cTrader delivers the same trading experience that the CFI’s company is known for. This means spreads from zero pips, ultra-competitive conditions including zero commissions and a lightning-quick execution that is supported by very minimal latency.
Trade With Robots: You can program your own strategies, scripts and indicators in cTrader using C#. using your cTrader automation you can run your automated strategy that is available on the desktop version of the platform.
Benefits: This is a powerful trading platform and the Best Metatrader 4 Alternative. cTrader is new in the trading community and a glimpse into the future of trading. Free to charge is available and you can use live and demo accounts.
Features Of cTrader
- Having low latency and fast execution trading.
- Highly intuitive and user interface.
- Available advanced order types with a depth of market view.
- Available powerful charting tools including Renko, Range, and Tick bars available.
- Using the widely available C sharp coding language for Automated trading.
- Free open FXI API and API.
Pros
- Great amount of graphical objects and trading indicators.
- Color scheme is pleasant.
- 14 languages are supported.
Cons
- Available robots and custom indicators are tiny.
- Focuses on the platform more than on analysing the charts.
cTrader FAQ
What people say about it: cTrader was designed for both professional traders and beginners who know little about the capabilities of trading platforms. This trading platform is currently supported by many brokers, including such famous ones as TeleTrade, Alpari, and FxPro.
Buying Guide
- Download the cTrader from your broker’s website.
- You can also download it from cTrader’s official website cTrader.com.
- Run the cTrader downloaded file now it will start downloading the cTrader.
- Wait for the installer to complete the download.
- cTrader will start automatically after the installation.
- You can also access cTrader from the start menu or the desktop icon.
3 TradingView
If you are searching for the Best Metatrader 4 Alternative platform, TradingView would be the best. This is currently working as a website with a wide range of tools for investors. That is if they wanted to trade in financial markets. TradingView offers you the most advanced solutions to choose which type of trading pair you want to invest in or which commodity you want to buy. You can connect this platform to your cryptocurrency exchange or a broker account if you are an advanced trader and you can start trading with TradingView in minutes.
It also added a large number of trading tools and indicators that make the whole experience even better. You can get access to the best financial solutions using the TradingView platform. TradingView is the Best Metatrader 4 Alternative.
Why Is TradingView The Best Metatrader 4 Alternative?
Multi Charts: This feature increases productivity through workspace expansion. This feature also allows chart syncing. This feature automatically syncs time, interval, symbol, drawing, and crosshair changes made in one chart when it is enabled.
Multi-Monitor Support: This platform offers multi-monitor support through its desktop application. Your workspace will not be limited within the space of a browser with this feature. This expands to fit your existing multiple monitor workstation setups.
Bar Reply: TradingView’s bar replay runs a playback from a user-selected starting point. You can either use auto-play or manual clicks to progress the playback. As long as they are in the same layout, bar replays can be applied to several charts.
Fastest Data Flow: To achieve better trading results data flow speed is critical. It is also important to have real-time price updates when every trade unfolds on your chats. With any upgraded plans data flow is faster.
Customer Service: TradingView offers you a help centre. If you have any queries regarding the platform you can take suggestions from the help centre. They provide a dedicated customer service team. This is only available for paid or upgraded plans.
Features Of TradingView
- Fastest data flow and ability to buy extra real-time data.
- Historical bars and historical financial data on charts are available.
- Provides custom time intervals.
- Provides the number and type of trading alerts.
- TradingView offers you over 100 free and built-in indicators.
Pros
- Most versatile platform.
- Having a great collection of trading tools.
- It is a fully functional mobile app.
- Pricing plans are affordable.
Cons
- Broker support is limited.
- Customer support service is unsatisfactory.
TradingView FAQ
What people say about it: Tradingview provides technical charts only and has no use for absolute beginners if they don’t possess any knowledge about studying charts and drawing patterns.
Buying Guide
- Download and install the app on the official TradingView website.
- Download the app installer file.
- Wait until finishing the download.
- Select or deselect the LAUNCH READY icon.
- Now the application will begin the process of installation.
- Now your application is ready to use.
4 Capital.com
Capital.com is an international CFD broker. They are specialized in spread betting in the U.K and derivatives contracts like CFDs. Capital.com is licensed under five jurisdictions and brings over 6,000 securities to its clients. Along with the fingertips, low spreads, zero commissions, and plenty of educational courses. Spreads and CFDs bets are complex trading instruments. For the uninitiated traders, it will be risky.
Capital.com presents a warning that 79.17% of retail customers trading CFDs lose money at the bottom of its website. For day traders, spreads are even riskier since they are not as tax efficient as CFDs and are the Best Metatrader 4 Alternative. .
Why Is Capital.Com The Best Metatrader 4 Alternative?
Great Experience: Capital.com focuses on user experience strongly. The variety of markets is big. The platform is easy to navigate whether you are using the app or the web version and the costs are low. Users can also learn about markets through the education centre. Funding your account is a three-step process and positions can be opened and closed easily.
Negative Balance Protection: Capital.com offers retail clients from 1 to 30 leverage. To prevent them from losing more than they invest it has a program. This feature prevents a client’s account investment from dropping below zero. You will never lose your original investment amount.
Financial Analysis: Capital.com not only just reports the news. It does more than that. You will get world news and analysis on markets that can dictate the type of trading you will partake in.
Pricing: Capital.com provides zero-commission trading and tight spreads on available products. You will never pay a commission to buy or sell security whether it is CFDs or actual shares of public stock. Some clients pay a fee through the bid/ask spread.
Customer Support: Customer support service is available 24/7 and so the clients can always get answers to their queries when needed. Responsive customer service is needed with instruments that trade 24 hours per day like CFDs.
Features of Capital.com
- Gives regular live updates and price alerts for 6,000+ markets.
- There are no hidden fees and 0% commission.
- Provide tight spreads.
- order execution is faster.
- Free demo accounts that are non-expiring.
- Highly authorized and regulated by the FCA, FSA, ASIC, and CySEC.
Pros
- Low bid/ask spread.
- 24/7 customer support is available.
- Zero commissions.
Cons
- Risk investment for retail traders.
- No leverage or financial shares in stockbroking accounts.
Capital.com FAQ
What people say about it: It is a regulated company which is great! Meaning you have the company owner’s name, regulations for the protection, and compensation of €25,000 if the company goes belly up for some reason.
Buying Guide
- Download and install the Capital.com app on the Play Store or in App Store
- Download the app on your mobile
- Wait until finishing the download.
- Now the application will begin the process of installation.
- Now your application is ready to use.
Best Trading Platform Like Metatrader 4
Just like MT4 and MT5, cTrader is a complete package and the Best Metatrader 4 Alternative platform. The user requirements are available on this platform. The cTrader platform displays all the prices, quotes, and asset specifications same as the MetaTrader. MetaTrader 4 alternatives do exist, and cTrader is an example of another popular forex trading platform. Some brokers build their custom in-house trading platforms.
Metatrader 4 Similar Websites In 2022
Some of the Best Metatrader 4 Alternative similar websites are:
- Masterswift 2.0 By Mastertrust 4.4.
- Zerodha Kite By Zerodha 4.6.
- Falcon7 By Reliable Software 4.7.
- Ami Signals By Amisignals 4.6.
- RichLiveTrade By RichLiveTrade Software Systems 4.7 and so on.
Metatrader 4 Free Alternatives In 2022
MetaTrader alternatives are mostly Stock Trading Apps but may also be Crypto Portfolio Trackers or Cryptocurrency Exchanges. If you want a narrower list of alternatives or looking for specific functionality of MetaTrader filter in these. MetaTrader is a trading platform for financial markets like Stocks, Forex, Futures, and CFDs.
Here are some alternatives that are free alternatives to MetaTrader 4 and are the Best Metatrader 4 Alternative platforms:
- eToro.
- TradingView.
- MetaTrader 5.
- cTrader.
FAQ of Best MetaTrader 4 Alternatives
Is MetaTrader the best?
It is considered the best platform for forex trading and other financial instruments.
Is MetaTrader 5 good for beginners?
It provides beginner traders with real-time access. But, it is better to start with MT4 first.
Who is the owner of MT5?
MetaQuotes Software Corp is the developer of MetaTrader4 and MetaTrader5 software and was founded in 2000.
Is MT5 free to access?
Yes, you can access it for free.
Why is MT4 popular?
Because of its server stability.
Winner
If you want to expand into crypto trading, stock trading, or CFDs then MT5 is no good at all. The TradingView platform on the other hand allows you to analyze pretty much anything including commodities, stocks, currency pairs, indices, cryptos, futures, and more. It is a far more flexible and complete platform than Forex-centric MT4. It is considered a winning platform and is the Best Metatrader 4 Alternative.
Conclusion – Best Metatrader 4 Alternative
This article explains the Best Metatrader 4 Alternative apps, highlighting their features, fees, and asset selection. Top alternative apps and trading apps are included. All these five alternative apps have the best reviews on their Instagram and YouTube accounts. Users can find the platform that suits their needs.
