Forex

November 4, 2021

Updated:

October 24, 2024

Top MetaTrader 4 Alternatives

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.

60240a805978b792c1fa7e0b metatrader 4 logo

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.

Top MetaTrader 4 Alternatives

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

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

618415721bb230930a1a2fe3 tZJL1xQhe7F2yH3SdLn1YPrHTqq 5aDCh3dC0wxYvXQPVofYDuSTj3Iff5H0XSYncSuaQ ohL26dDgba XIp3U0g8kUw55AoyzXngRrV1fiJVPb1mVhYiwBVHtht c75zXOmXuU

TradingView

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. 

61841572dfb5b1bbbe9c2e80 2EbTbDLe5vdIC6QXRzBnGi1FTp 2YHsDvigL6h tXtDIJkN7

MetaTrader 5

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.

6184157328f2c6acdffb67a9 aWAas1nBWfrbJQyr8WzesZ46 CK49ATMvr 7cszc1pidr8M pDtN jTu XFByjqi00jixiJDusWSjR6egcCyPBax1n6XITnImNKXv qGEeo36wY7 56dwvYeiCDHgy01tyhU8QE

cTrader

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. 

61841573f97f056e326e02bd oYec1fcp21aAqL2dJhX2NFoPokLaKkd8pvPQCKxibJArn4xvTiBinSEYduqgSRb8Ca2v0M wYgh9yketgldLsUwtpkvu7oUIJhsikgTrQFyKd Lbj4a5YlxGwi1HeS JvqL DA

AltSignals Team

Proficient authors guiding you with transparency, integrity and education through the finance international markets

The AltSignals writing team consists of experts dedicated to the world of finance and technology, with a particular focus on cryptocurrencies and forex. Our writers bring a broad range of knowledge and experience, cultivated through years of arduous and direct involvement in financial markets, as well as intense technological collaboration.

Editorial approach

At AltSignals, we believe that transparency and education are the key to empowering our readers. Therefore, our content is meticulously researched to ensure its accuracy and thoroughness. Each of our articles is created with the aim of providing educational insights and in-depth analysis, helping both beginners and experienced traders.

Commitment to quality

Integrity is certainly the foundation of our editorial process. The team follows rigorous journalistic standards with careful review, all to ensure that each publication is meticulously researched and exceeds our readers’ expectations.

Our mission is to provide analysis that informs as well as guides users and enthusiasts through the complexities of the cryptocurrency and forex markets. In line with our motto of “quality over quantity”, we guarantee that only the highest quality trading signals are published.

In addition to our commitment, which extends beyond the simple transmission of useful information, our in-depth analysis focuses on profitability and effectiveness squarely, avoiding the common industry habit of prioritizing profit over accuracy. Our traders are strategic experts who offer personalized help to those seeking worthwhile portfolio management tactics.

Diverse knowledge

Our authors are proficient in a variety of topics across the financial spectrum, from emerging trends in blockchain to the nuances of forex trading. This diverse range of knowledge allows the team to cover several topics, ensuring our content is always comprehensive and deeply specialized.

Interactivity and support

We understand that the world of trading can be complex for many. Therefore, alongside producing informative articles, our team is also committed to interacting with the community. Through comment sections, forums and direct support, we encourage our readers to seek clarification and sharpen their understanding, promoting an environment of continuous learning.

Future vision

Looking to the future, the AltSignals writing team is imbued with a vision that transcends regular publishing, and continues to dedicate itself to discovering and reporting on the latest innovations and trends available in the market. We are constantly seeking to improve our skills and expand our knowledge, with the ultimate goal of being a reliable and respected source in digital financial journalism.

There is great commitment to discovering and reporting not only the latest news and trends in the market, but also to equipping our readers with the tools they need to navigate volatile markets with confidence. We firmly believe that, with the support of an appropriate platform coupled with accurate guidance, our readers and traders can turn market volatility into a competitive advantage.

Join us

Follow AltSignals to stay up to date with the latest developments in the world of finance and technology, and explore how our insights can help improve your trading strategies. The AltSignals team is here to guide you through the exciting, dynamic and challenging world of financial markets.

Latest posts by AltSignals Team

Latest posts from the category Forex