MetaTrader Ban: Best MT4 and MT5 Alternatives

I felt the same when I jumped from the iPhone 14 Pro to the iPhone 15 Pro or when I ditched a perfectly fine M2 MacBook Air for its M3 variant this year. If you’re considering the larger 13-inch iPad Pro (2024), then you might want to take a look at the Samsung Galaxy Tab S9 Ultra too. Plus, if you just need an iPad, this is the one to get that won’t cost an arm and a leg.

Some of the best mobile apps are developed in-house by the top forex brokers in the industry. Like previous MetaTrader platforms, MT5 supports multiple execution methods and is designed as a turnkey solution for brokers. Brokers pay a fee to license the MetaTrader software so that they can provide the platform to their clients. Brokers can customize the MT5 platform based on the range of markets they offer to best suit their individual client’s needs – which means that MT5 offerings can vary from broker to broker. When you’re on the hunt for powerful trading platforms, sometimes your best bet is a proprietary broker solution.

Technical Indicators & Drawing Tools

Choosing MT5 brokers that are trustworthy and offer clients security and safety of funds is key to having peace of mind when trading. It is estimated that more than 1000 brokers offer the MT4 platform with millions of registered traders using the platform each day via the desktop download, webtrader, plus the iOS and Android mobile apps. It is an exceptional trading platform that serves the traders’ needs. Traders prefer to use this trading platform because of its powerful performance.

The platform was developed by MetaQuotes in 2002, though the 2005 version was the first fully stable release which gained significant traction. Diving into more detail, ease of use is a common talking point for OctaTrader’s superiority. We examine a wide range of features and evaluate forex brokers based on our own data-driven variables.

Top 10 MT5 features (compared to MT :

This includes a live economic calendar so you can stay up to date with any major news announcements, as the screenshot shows below from one of the MT5 brokers, AvaTrade in the Toolbox window. For serious traders, the broker provides access to institutional grade spreads as well as the ability to join the Active Trader Program where traders can receive rebates on individual trades. Forex.com provides traders with a high level of security, safety, and transparency. Custodial Vs Non-custodial Wallet Main Differences The broker is authorised and regulated by the Commodity Futures Trading Commission (CFTC), the UK Financial Conduct Authority (FCA), and the Financial Services Authority (FSA) of Japan. AvaTrade makes it to the top of the MT5 brokers’ list due to a variety of factors. Firstly, you can trade on more than 1,250+ global markets covering a wide variety of asset classes including stocks, bonds, commodities, indices, currencies, ETFs, and cryptocurrencies as well.

From this page, you can actually view all of the fees in a transparent manner. Of all the brokers using MetaTrader 5, not all of them are authorised and regulated by a financial regulator. When choosing one of the best MT5 brokers to trade with, regulation needs to be at the top of the list.

Which forex brokers can I open an account with?

ThinkTrader is a powerful platform developed by leading CFD and forex broker, ThinkMarkets. CTrader also has the edge when it comes to technical indicators and drawing tools, offering 70 built-in indicators vs the 30 offered by MT4 and 38 by MT5. Upgrade your lifestyleDigital Trends helps readers keep tabs on the fast-paced world of tech with all the latest news, fun product reviews, insightful editorials, and one-of-a-kind sneak peeks. Steven Hatzakis is the Global Director of Research for ForexBrokers.com.

Despite this, MetaTrader is more established when it comes to automated trading. Robots, also known as Expert Advisors (EAs), analyse FX price quotes, for example, and take positions based on pre-determined inputs and trading criteria. CTrader tops MetaTrader 4 and MetaTrader 5 due to the usability of its programming language and more sophisticated automated features.

How to Get Started with the Best MetaTrader 5 Broker

You can download it from the iOS App Store as well as Google Play and use it on your desktop or mobile. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. 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. The trader should consider the features offered by the MetaTrader 5 alternatives. For instance, tools, trading indicators, educational help, etc., are a few factors that traders must consider.

• A comprehensive list of competitors and best alternatives to MetaTrader 5.
• A notable advantage of MetaTrader vs TradingView is that it permits direct access to the market.
• This helps him to create insightful and actionable content and provides him with first-hand experience with many of the platforms that are covered by TradingPlatforms.com.

The trading platform’s desktop version is still available to download and the Google Play version hasn’t been affected. Your online broker’s trading fees are likely to have the most impact on your trading. Fortunately, regulated brokers will often list their fees on their website for transparency.

This helps make it one of the best alternatives to MetaTrader for high-volume day traders. The OnePlus Pad sports an 11.61-inch LCD display, which is equivalent to the smaller 11-inch iPad Pro (2024). It has a 2800 by 2000 pixel resolution and an impressive 144Hz refresh rate on the display. Now, the 144Hz refresh rate will only work in certain apps and games, but for everything else, it will be 120Hz. And even though it’s LCD, it still looks great with bright colors and deep blacks — the OnePlus Pad is great for media consumption.

Though Android is usually not optimized for tablets, Samsung has solved this issue with Samsung DeX, which turns the normal Android interface into something reminiscent of Windows. This already is a big advantage over iPadOS, which doesn’t have any such mode to make it more streamlined for power users. The iPad (2022) uses Apple’s older A14 Bionic chip, which may not be as beastly as the M-Series chips but still provides good power and efficiency for the average user. It’s fast enough to run iPadOS 17 and handle your daily tasks, and if you just want to use an iPad for consuming media (as most people probably do), then this is perfectly fine for the job. When you look at the tablet market, it’s very clear that Apple is dominating it with the iPad.

No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.

Web-Based Trading Platforms

MT5’s Strategy Tester enables traders to test and optimize software built with MQL5 – before the software is run on live accounts with real money at stake. It’s always a good idea to try out a free demo account to learn the software before risking your real money. Select your country of residency below to see which regulated forex brokers will accept you as a new customer for trading forex. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research.