MetaTrader alternatives: 3 options to consider
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Skilling Writers Team
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- Trading
- Finance
The online trading landscape continues to evolve rapidly. With MetaTrader facing new challenges and competition, traders are on the lookout for more advanced and reliable alternatives. This guide introduces three top trading platforms that are setting new standards in the industry.
Skilling Trader - the smart alternative to MetaTrader.
What is MetaTrader, MT4 and MT5?
Over the years, the international standard for online Forex has undoubtedly been MetaTrader. Trading with MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms allows traders to create, test and implement their own algorithms using Expert Advisors and technical indicators. The availability of automatic trading is one of the aspects that has contributed to MT4's tremendous success as a Forex trading platform.
Beginners should bear in mind that MT4 is not a Forex broker, but a third-party trading platform that links to a broker. Therefore, in the event that MT4 and MT5 are completely prohibited, across Android as well as Apple devices, for Forex traders, it seems like the perfect time to look at MT4 substitutes.
Why has Apple banned MT4 and MT5 trading apps?
After nearly two decades of success with traders and FX brokers, MetaTrader4 and MetaTrader5 were removed from the Apple (AAPL) iOS Store earlier this year on the 23rd of September 2022 claiming the app did not comply with its guidelines. Although the reasons behind the move have not been confirmed, it is believed that the removal of the platforms could be due to several scams reportedly implemented through these platforms.
The MetaTrader iOS MT4 and MT5 applications have been removed from the Apple Store, although the PC version of the trading platform is still available to download, and the Google Play version is untouched.
What does this mean moving forward?
Although iPhone and iPad users who have already downloaded the trading platforms can continue to use them, they will be unable to access updates, upgrades or fixes.
However, the MetaTrader ban doesn’t necessarily need to be bad news. Brokers remain hopeful that MetaQuotes will be looking at ways to resolve the situation, and for now, it provides an opportunity for brokers to take a fresh look at the latest technology solutions available in the market.
Skilling offers the web version of the platforms, and as a trusted Scandinavian founded broker, Skilling offers its own proprietary trading platforms as well, giving you the option to choose an alternative platform that can provide cutting-edge trading software and features.
Before selecting a trading platform, however, it is advised that traders conduct their own research and use their best judgement, as there is no "one size fits all" approach when it comes to trading.
MT4 alternatives to consider
Skilling Trader
Skilling Trader is an ideal choice when it comes to an MT4 alternative, having recently been awarded Best Forex Platform in 3 regions from the Global Forex Awards 2022.
Our highly recommended MetaTrader substitute, with all the necessary capabilities and advantages to match - and surpass - any other reputable Forex platforms, offers close to 1000 trading instruments across 8 asset classes.
Experience Skilling's award-winning platform
Try out any of Skilling’s trading platforms on the device of your choice across web, android or iOS.
Skilling also provides one of the largest Crypto CFD offerings in the industry with popular instruments such as Bitcoin Euro, Dogecoin, XRPEUR, Enjin Coin and more (unavailable for selected countries).
One of the features that has made Skilling cTrader an immensely successful Forex trading platform is the offer of automated trading, similarly as is provided by MetaTrader. Traders can use Expert Advisors combined with technical indicators to develop, test and apply their own algorithms.
With an easy-to-use interface suitable for traders of all levels, as well as ultra-fast order execution time (under 5ms), minimal downtime and slippage, Skilling Trader is suitable for traders of all levels, making it a competitive platform when it comes to trading technology.
Need an alternative to MetaTrader, and fast?
Test drive SkillingTrader here.
Skilling cTrader
For those traders who like copy trading, Skilling cTrader is a great alternative to MT4/5. An advanced trading platform designed to meet even the most demanding traders’ expectations, it is preferred by traders for its variety of trading languages and key features, such as fast entry and execution, advanced charting tools, order types, level II pricing and more. Skilling has integrated it with Skilling Trader, which allows you to be able to trade across two separate platforms while only holding one account.
Become the trader other traders want to copy? Check out cTrader here!
Skilling on TradingView
Skilling’s integration with TradingView, allows access to a social network where users may share opinions and scripts to enhance charts. You can link it to your Skilling trading account and use sophisticated charts to find opportunities across international markets, just like with MT4 and MT5.
For traders wishing to expand their experience with cutting-edge trading tools and software, Skilling Trader/TradingView is a potent combination which allows you to:
- Trade live or in a demo environment.
- Create and share indicators and signals with one of the largest trading communities in the world while having access to advanced charts.
- Utilise tools for technical analysis.
- Connect via PC, smartphone, or tablet to a sizable investor social network.
The TradingView connection - Chart and trade.
Real trading conditions with zero risk
Trade risk-free on Skilling’s award winning platforms with a 10k* demo account.
Comparison table for traders
Selecting the ideal trading platform in involves understanding your unique trading style and requirements. Skilling offers a range of platforms to suit various trading preferences, backed by comprehensive educational resources to consider when making your decision.
Please find below a detailed comparison table to help traders choose the platform that best suits their trading style and needs.
| Functionality | Skilling Trader | Skilling cTrader | TradingView Integration |
|---|---|---|---|
| Order Types | Multiple, including advanced options | Extensive, including advanced stop orders and limit orders | Varied, including stop loss and trailing stop |
| Technical Indicators | Wide range, suitable for all levels | Over 70 built-in indicators | 100+, with access to community-developed tools |
| Chart Types | Multiple, including user-friendly and advanced options | 8 types including Renko and Heikin Ashi | 12 types, offering an extensive variety |
| Timeframes | A broad range, catering to different trading styles | 54, suitable for high-volume day traders | Customizable, from 1 minute to 12 months |
| Automated Trading | Yes, with user-friendly tools | Yes, with sophisticated features | Limited, strategy backtesting available |
| Copy Trading | Integrated feature | Yes, with options for Strategy Providers | Not directly available |
| Economic Calendar | Included, with real-time updates | Yes, integrated feature | Yes, with major financial events and data releases |
| Mobile Compatibility | Yes, across multiple devices | Yes, except for Huawei | Yes, widely compatible |
| Web Terminal | Accessible and intuitive | Yes, user-friendly interface | Yes, with a focus on community and sharing |
| Desktop Download | Available and robust | Yes, with modern design | Yes, with advanced tools |
| Demo Account | Available, with realistic trading simulation | Yes, risk-free trading environment | Unlimited paper trading profiles |
This table provides a concise comparison of the key features and functionalities of the three platforms, helping traders make informed decisions based on their specific needs and preferences.
Stay ahead in trading with Skilling’s platforms
Embrace the advancements in trading with Skilling’s platforms. Suited to all levels, from novices to experts, our platforms are designed to elevate your trading experience.
Start learning at our new education center
The need for robust and versatile trading platforms becomes more evident. Skilling Trader, Skilling cTrader, and TradingView Integration are at the forefront, offering innovative solutions for the evolving demands of traders.
FAQs
- Will my already downloaded MT4 & MT5 still work?
- Yes, but there will not be future updates or support on Apple devices.
- Is MT4 and MT5 still available on Android and web?
- Although MetaTrader iOS apps have been removed from the App Store, MT4/MT5 desktop version is still available to download on android devices, and the Google Play version hasn't yet been affected. Also, to make up for this incident, MetaQuotes in November launched a new MT5 web terminal that was 'redeveloped from scratch' and makes it possible for traders to 'fully manage their trading accounts using a mobile device'.
- Is there a similar or better trading platform than MT4 and MT5 for traders?
- There is our award winning Skilling Trader and Skilling cTrader which you can read more about above and on our website.
- What is TradingView and how does it work?
- TradingView is a charting and trading platform and an essential destination for traders and investors of any kind. It is currently also the largest social community for finance in the world.
TradingView's platform allows users to create charts using over 100k built-in and community-built indicators, to interact and share ideas and insights, and to trade directly with Skilling straight from TradingView charts. - Are Skilling’s platforms suitable for both beginners and experienced traders?
- Yes, Skilling’s platforms cater to all levels of traders, with user-friendly interfaces for beginners and advanced tools for experienced traders.
- How does Skilling ensure the security of my trades and personal information?
- Skilling employs state-of-the-art security measures, including data encryption and secure servers, to protect your trades and personal information.
- Can I access Skilling’s platforms on multiple devices?
- Absolutely! Skilling’s platforms are designed for seamless multi-device access, ensuring a consistent trading experience on desktop, tablet, and mobile devices.
This article is offered for general information and does not constitute investment advice. Please be informed that currently, Skilling is only offering CFDs.
