MetaTrader 4 (MT4) is among the most popular platforms to trade in the forex market and perform technical analysis. However, some investors prefer to use other trading solutions. But which are the top MetaTrader 4 alternatives currently available in the market and ready to be used?
Some of these platforms include eToro, TradingView, MetaTrader 5 or cTrader, among others. In this post, we share with you all the most important details of each of these platforms that would help you understand which could be the best platform to analyse the market and different forex pairs.
Disclaimer: the information shared by AltSignals and its writers should not be considered financial advice. This is for educational purposes only. We are not responsible for any investment decision you make after reading this post. Never invest more than what you are able to lose. Always contact your professional financial advisor.
Several platforms are currently available for those users that are searching for the best MetaTrader 4 alternatives. In the next sections, we go into the details of each of these platforms to understand which are the services they offer and how we can start using them.
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.
Nowadays, eToro is among the most popular platforms for traders around the world as it has a larger number of solutions offered to its clients. Moreover, thanks to its social trading approach, eToro lets users follow other investors and copy their portfolios for a small fee. This is a great opportunity for newcomers that do not yet follow advanced trading strategies and would like to get exposure to the financial world.
Thus, we consider eToro to be one of the top MetaTrader 4 alternatives. You can read our full guide on eToro here.
TradingView is another platform that would be very useful if you are searching for a MetaTrader 4 alternative. This company is currently working as a website with a wide range of tools for investors that want to trade in financial markets. 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.
If you are an advanced trader, you can connect this platform to your broker account or cryptocurrency exchange and you will be able to start trading with TradingView in minutes. Furthermore, TradingView has also added a large number of indicators and trading tools that make the whole experience even better.
You can start trading using TradingView in minutes and get access to some of the best financial solutions right now.
Another free application that could perfectly work as a MetaTrader 4 alternative is MetaTrader 5. This trading platform for forex, stocks and futures is free to use and it allows investors to perform technical analysis and trade their favourite instruments in just a few clicks.
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.
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.
You can read our full MetaTrader 4 vs MetaTrader 5 comparison.
cTrader is another trading platform that will allow users to handle the trading pairs they want without having to be worried about the user interface. Indeed, one of the reasons why people search for MetaTrader 4 alternatives is related to the fact that it is not user-friendly, especially for new investors.
cTrader focuses on the user interface and other unique user solutions such as indicators, timeframes, chart types and more. Although cTrader was not among the largest platforms it is now a clear MetaTrader 4 alternative.
Moreover, you can select the broker you want to trade with cTrader as they do not offer any specific broker to trade in the market.
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