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Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

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Trading Articles

MetaTrader alternatives: 3 options to consider

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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.

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 select 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.

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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!

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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.

FAQs

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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.

Not investment advice.

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