MetaTrader is an electronic trading platform widely used by online retail forex traders. Forex means ‘Foreign Exchange Market’ or currency market. It is a worldwide market for the trading of currencies, with over $5 trillion traded daily. It is increasingly popular in India. Globally, numerous online trading platforms are used by forex traders.
Trading platforms are considered full-fledged workstations for both beginners and professional forex traders. One of the forex trading platforms is MetaTrader 4. It is the most popular platform in forex trading. If users are not satisfied with the MetaTrader 4 platform, user can use some other similar apps like MetaTrader 4. So here, I am providing a list of the top 4 Best Metatrader 4 Alternatives.
Best Metatrader 4 Alternative In 2022
This article presents you with the top MetaTrader 4 alternative sites. Also, I am justifying why the alternatives are better than the MetaTrader 4 platform. MT4 is one of the most popular platforms in the forex market, but it also has some disadvantages compared to other forex platforms.
MT4 has fewer assets selection compared to other platforms. These are some disadvantages of the MT4 platform. But in forex markets, plenty of forex trading platforms are available, which is better than the MT4 app. Let’s first see the MT4 platform and then the top alternative to MetaTrader 4.
About – MetaTrader 4
MetaTrader 4 is also known as MT4. It is an online or electronic trading platform widely used by online retail forex traders. It was released in 2005 and was developed by MetaQuotes Software Corporation. MetaQuotes is the leading software provider in retail forex and CFD forex trading, and it is a Russian Software Company with offshore registration in Limassol, Cyprus, and has been operating since 2000.
Renat Fatkhullian is the founder and CEO of the MetaQuotes Company, and his brother Lennar Fatkhullian, the Marketing Director for MetaQuotes, are all Russians. MetaQuotes is the creator of MT4 and MT5 platforms. MetaTrader platform software is licensed to forex brokers who provide the software to their clients. It consists of both server and client components of platforms.
The forex broker runs the server component, providing the client software to the forex broker’s customers. MT4 software is a popular and one of the most widely used online trading platforms among forex brokers in the world. It is designed for CFD financial instruments. The trading system of MT4 has become flexible and convenient.
Contents
Best Alternative Of MetaTrader 4 In 2022
MetaTrader 4 trading platforms contain several market-leading tools and features, including charting, security, and live feeds, and it has 3 execution modes, 2 market orders, 4 pending orders, 2 stop orders, and a trailing stop. The analytics function of the MT4 platform has 23 analytical objects, 9 timeframes, interactive charts, and 30 built-in technical indicators.
It has automated trading or copy trading, thousands of providers, and trading strategies. It supports mobile versions, desktops, and browsers. It supports Android OS and can be downloaded from the Google play store app. The rating of the MetaTrader 4 platform is 4.5 out of 5.
- Alternative #1 TradingView
- Alternative #2 CTrader
- Alternative #3 eToro
- Alternative #4 Captial.com
- Alternative #1 TradingView
| Product name | Live support | Rating | Action |
|---|---|---|---|
| eToro | No | 4.3 | Visit Website |
| cTrader | Yes | 4.5 | Visit Website |
| TradingView | No | 4.6 | Visit Website |
| Capital.com | Yes | 4.6 | Visit Website |
Alternative #1 TradingView
TradingView is a market-leading charting platform and social network used by 30+ million traders and investors worldwide, and it is a web-based financial platform for traders and investors to improve their skills and maximize profits. It is an online stock analysis software application for beginners and experienced active traders and one of the best stock screeners.
It was founded in 2011, and its headquarters is in London, England. Mr Stan Bokov is the founder and Chief Strategy Officer at TradingView. Mr Denis Globa is the CEO of the TradingView. TradingView allows traders to combine various types of cloud-based charting tools for research and provides an ability to share and collaborate with other online forex traders.
Its own scripting language allows traders to customize charts and technical indicators. It has more functionality like multiple charts, multiple timeframes, custom time intervals, real-time market data, data exports, and advanced chart types. It also supports extended trading hours, customized scanning depending on traders’ trading strategies and a great community.
It has more trading indicators than MetaTrader 4 platform. Using this TradingView platform, traders can learn new concepts, research market fluctuations and possible chart outcomes, collaborate with other traders, chat options, and paper trade to practice. It supports all platforms like the web, desktop, and mobile.
However, this TradingView tool has some limitations, like limited deep back-testing and also doesn’t allow offline usage. It also offers a wide range of educational and research tools. It is considered safe and the most trusted platform for trading. It is one of the Best Metatrader 4 Alternatives. The rating of TradingView is 4.5 out of 5.
Why is TradingView The Best Metatrader 4 Alternative?
Reason 1 TradingView and MetaTrader 4 – Features
While both TradingView and MetaTrader 4 platforms offer various charts, indicators, and features, TradingView offers unique features that it has an ideal choice for investors and traders of all skill levels. Using the TradingView platform, traders can access a huge range of assets in forex markets, while MT4 offers a limited number of instruments.
In TradingView, traders can’t have direct access to the market, while MT4 has direct access. There is no registration required in the TradingView platform, while MT4 platform traders must register their MT4 account every 30 days. With these features we can be sure that TradingView is one of the best MetaTrader 4 alternative.
Reason 2 Financial Instruments
The TradingView platform has more trading instruments than the MetaTrader 4 platform. MetaTrader 4 platform is strictly for forex trading. It has never evolved beyond that, while the TradingView platform allows traders to trade stock trading, crypto trading or CFDs, indices, futures, currency pairs, and more assets.
The MT4 platform is the most popular trading platform in forex trading. Both platforms have an easy user interface. Overall, the MT4 platform is one of the best choices for forex trading and other types of trading – TradingView is the Best Metatrader 4 Alternative.
Reason 3 Analytical Tools
The analytical tools, including both platforms’ charts, indicators, and timeframes, are not the same. TradingView has 100+ technical indicators, while MT4 has 40 built-in technical indicators. MT4 built-in indicators are fundamental and only suitable for beginners. Experienced traders need to buy custom indicators on the MetaQuotes market.
Another advantage of the TradingView platform is that traders can even script their indicators using the “Pine Script” language. MT4 allows 9 timeframes, which doesn’t give traders much history on a currency, while TradingView allows traders to specify any timeframe they want. Users can save their favourite timeframes in the MT4 platform.
The TradingView platform is 100% focused on charting. It offers 50+ innovative charting tools available to all types of accounts, while MT4 has around 40 charts only. It also offers simple mobile charting on the mobile platform. It provides good educational and research tools, including live steaming, paper trading, trade articles, ideas, and more.
Reason 4 Accounts and Pricing
In the TradingView platform, traders could go for the free sign-up even without a connection to any brokerage platform, while MT4 needs a registration process every 30 days. The TradingView platform offers a free plan and 3 paid plan tiers. The basic plan or free plan has limited functionality. So, it is a free alternative to MetaTrader 4 platform. Three paid plans are Pro, Pro+, and Premium.
Currently, Pro accounts cost $14.95 per month. This plan had 10 server-side alerts, an ad-free desktop experience, and an increased range of tools. Pro+ accounts cost $29.95 per month. This plan has additional features, and traders can access chart data, the ability to set indicators, and more functionality. Premium plans cost $59.95 per month. This plan allows traders to access all of TradingView’s functionalities and tools.
MetaTrader 4 platform can be downloaded free from their official website. The MT4 demo account is free to trade, which helps traders test all features of the trading platform. When traders access the MT4 forum through a broker, some brokers offer free for their clients or paid plans in the MT4 Standard account and MT4 Pro account. The minimum deposit for the MT4 platform is $100.
Reason 5 Customer Support
Both platforms support mobile versions, desktops, and web browsers. We can download the TradingView app from Android and Apple stores, i.e., Google Play and iOS app stores. But, We can download MetaTrader 4 platform from the Google play store only. Recently, MetaTrader 4 and 5 were removed from the Apple store.
For any money-related application, support is very important which is the reason that TradingView will stand out as one of the best MetaTrader 4 alternatives.
There is no development team or support staff to help customers in MetaTrader 4 platform, while the TradingView platform has extensive customer support. If the MT4 platform crashes, traders will lose everything, while in the TradingView platform browser crashes, MT4 will save all work in their account. TradingView is the top alternative to MetaTrader 4 in 2022 and one of the Best Metatrader 4 Alternative apps.
Features of TradingView
- It is the best platform for professional investors with programming experience.
- It has 100+ pre-built, popular indicators, 50+ chart or drawing tools, and different timeframes.
- It offers various financial instruments like stock, CFD, indices, etc.
- It supports mobile, web, and desktop.
- It has a user-friendly interface.
- It has an extensive social network.
Pros
- No need to register.
- It has a large variety of financial assets.
- It has a large number of indicators, charts, and timeframes.
- It has a wide selection of educational resources and research tools.
- It has comprehensive stock screening criteria.
Cons
- There is no direct access to the FX market.
- It is slightly more unstable than MetaTrader 4.
- Premium plan costs are a little higher.
TradingView FAQ
Buying Guide
Traders can download the TradingView platform app from the Google play store or the iOS/Apple app store. Then, they can choose your plans, basic plans, or paid plans. In the next step, they can choose financial assets for trading in the forex market. After asset selection, they can start trading using this platform.
Alternative #2 CTrader
CTrader is a manual trading platform with a unique feature called premium charting. It is one of the most prevalent multi-asset forex and CFD trading platforms, granting access to advanced order types, fast entry and execution, level 2 pricing, and rich charting tools. In addition, it is accessible on multiple devices because of its fantastic user interface and its connection with backend technology.
C Trader’s superior charting and functionality made it the Best Metatrader 4 Alternative. The parent company of CTrader is Software Systems which was founded in 2011. CTrader-supported markets are FX and CFDs. This free alternative to MetaTrader 4 can be accessed on Windows, Mac, IOS, Android, Tablets, and web browsers.
In addition, the cTrader platform has a lot of facilities, such as ECN/STP market execution. The DOM (Depth of Market) feature with level 2 algorithmic trading via cBots, the order types, and back-testing capabilities makes it the Best Metatrader 4 Alternative. CTrader uses No Dealing Desk (NDD) technology to trade on the currency exchange markets, which is suitable for both newbies and professional traders.
CTrader is one of the Best Metatrader 4 Alternatives as it has more advanced features than MT4. In addition, it is an easily adjustable proxy server that can connect from anywhere, and instruments for technical analysis made cTrader the top alternative to MetaTrader 4 in 2022.
However, it has features and limitations that are not available in other trading apps. Let us examine why cTrader ranks as one of the Best Metatrader 4 Alternative apps in 2022.
Why is CTrader the Best Metatrader 4 Alternative?
Reason #1 Trading Platform Interface
Both trading platforms, cTrader and MetaTrader 4 have various features. Even though both trading platforms fulfill the basic functionalities, cTrader provides more advanced features which are not available in MetaTrader 4. It gives the user an experience of modern technology. Moreover, the cTrader platform can be accessed on multiple devices such as Android, Mac, Desktop, and Web Browsers.
The distinguishing feature of cTrader is that the user can access imminent tools and options from its main screen. For instance, cTrader has the following sections, the Main menu, cTID bar, market watch, active symbol panel, trade watches, charts, instruments toolbar, account bar, and status bar. With the good-looking platform we can be able to trade with renewed energy for that reason we can for sure choose CTrader as one of the best MetaTrader 4 alternatives.
On the other hand, MT4 has a standard window heading, depth of market, data window, chart tester, main menu, status bar, navigator, fast navigation tools, toolbars terminals, and market watch. While looking at both the trading platform’s user interfaces, it is evident that the cTrader platform’s user interface is the best alternative for MetaTrader 4. For MT4, many alternative apps are available. Yet, cTrader functions as the Best Metatrader 4 Alternative.
Reason #2 Tools For Risk Management
Both trading platforms offer risk management tools to avoid significant losses for traders. It is done by voicing out or through email. For instance, the bid and the asking price can exceed mentioned price marked by the trader, which will result in the trader losing money.
To avoid the potential losses of the traders, trading platforms send a notification to the traders, in which cTrader operates as one of the best MetaTrader 4 alternative sites. CTrader offers more advanced alerts to traders, such as stop-out, three custom margin call alerts, pending orders filled, stop loss, and deposits/withdrawals.
Such features make traders’ experience on the trading platform much better. Moreover, cTrader uses more complex automated features to create a proprietary cTrader API and trading robots. In addition, its cTrader automation supports C++ coding language. However, in security vice cTrader is the Best Metatrader 4 Alternative.
Reason #3 Copy Trading
One of the fruitful techniques for the beginner is to copy trade. In copy trading, a trader copies the strategies of other experienced traders. Although MetaTrader 4 provides few features to copy trade, cTrader stands out as it has many exclusive features supporting copy trading. Most renowned brokerage platforms like Skilling and Axiory use cTrader as their trading platform.
Moreover, copy trading facility of cTrader has been updated with many risk management tools. In addition, for every copied strategy, a separate investment account is created. It allows us to assess the market accurately and manage risks better. The accessibility to the successful trading strategies of traders from all over the world is one reason cTrader is the Best Metatrader 4 Alternative.
Reason #4 Pricing
What makes cTrader the Best Metatrader 4 Alternative is its ability to create applications using cTrader’s open API, and they charge no fee for it. CTrader’s open API is publicly accessible to everyone and can be used to build mobile, desktop, or web applications. In addition, developers can leverage its advanced technologies. Although the platform is free to use, the trader has to pay for copy trading.
Technically, it is partially free, as some people won’t charge anything to provide strategies for free. At the same time, some other traders may charge volume fees, performance fees, and management fees. Using the Start copying button, he can check the amount he will pay for a particular strategy.
Management fee has to be paid irrespective of the outcome of the FX market. Be it a profit or loss, the trader must pay the strategy provider irrespective of the strategy performance. The trader has to pay the performance fee only if the strategy works and he gains profit, and it won’t exceed 30%.
Volume fee is the amount that an investor pays for one million volumes copied; this, the Best Metatrader 4 Alternative’s pricing is comparatively low compared to the other MetaTrader alternative.
Reason #5 Support and Service assurance
The brokers who use cTrader can get help around-the-clock as Software has a team of bilingual engineers. They provide customer support 24/7 and make sure nobody struggles to trade using the cTrader platform. In addition, cTrader provides exceptional support to enterprises and organizations exclusively designed for enterprise-level support.
Moreover, cTrader makes sure that knowledgeable person provides support to their clients. Support agents are available 24/5 as the FX market is active only for five and a half days a week, and they use an email-based ticketing system and phone support. Service assurance engineers make sure that every customer’s query is answered.
The support team members have years of experience helping out traders and brokers. As they deal with global operations, they are accustomed to offering multi-lingual service. Moreover, cTrader’s support team has a fast response time which is one of the reasons for cTrader being the Best Metatrader 4 Alternative.
Features of CTrader
It has tooltips to calculate the margin required to place an order, pip value, and order value.
It shows a comprehensive breakdown of trading history
In cTrader, one can limit orders for one-click trading to put a limit range to the order.
Traders can trade with the desktop, mobile, IOS, and Android versions.
It allows you to double or close all positions and reverse in one click.
Pros
It has 54 technical indicators and time frames
It is available in 21 different languages
The key parts of cTrader ID are the watch list, workspaces, and templates
Level 2 pricing, which comes directly from liquidity providers
Shared access to the trading account.
Cons
The user interface is a bit hard to welcome traders
Management and performance fees are a bit pricier as the provider decides.
The mobile is a bit unstable.
CTrader FAQ
What people say about:
CTrader has a consumer rating of 4.46 stars, and consumers consider it the Best Metatrader 4 Alternative app in 2022. Most consumer states, “cTrader is better than anything else!”. Most importantly, the consumer can double, reverse, or close their forex trades with one click.
So they say cTrader is a very promising and good platform. People also praise the fast execution and flawless trading experience. Since it has excellent software for different trading methods, people think it is the Best Metatrader 4 Alternative.
Buying Guide
First, the client must sign up with the broker and download the cTrader beta. We can download it from featured brokers such as Axiory, Fibo group, FX PIG, FX Pro, Pondex, IC Markets, ICM, Kimura, OctaFX, OMI, Pepperstone, Robo forex, Trading view, and many more. After that, in the tools menu, you can find cTrader. Once clicked on, you can download it for windows, Mac, Android, and IOS. The tutorials can be seen on YouTube and Instagram.
Alternative #3 eToro
The eToro is an Israeli multi-national social trading company founded in 2007. It is a multi-asset investment company that provides financial instruments, including currencies, commodities, indices, cryptocurrencies, & stocks, and copy trading services worldwide. Its headquarters is located in Tel Aviv, Israel.
It was founded as RetailFX in 2007. Mr Yoni Assia, Ronen Assia, and David Ring are the founders of eToro. Mr Yoni Assia is the CEO of the eToro company. Mr Yoni and Ronen Assia are brothers. Globally, eToro has more than 25 million users in 140+ countries. It was reliable and regulated by various authorities around the world.
The company was authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) – Cyprus, the Finance Conduct Authority (FCA) – UK, FINRA – US, and the Australian Securities and Investments Commission (ASIC) – Australia. It is also licensed by the Financial Services Authority Seychelles (FSAS). The firm has registered offices in Cyprus, the United States, the United Kingdom, and Australia.
In 2010, the company released the eToro OpenBook social investment platform and its Copy Trader feature. Copy trading helps investors to copy the network’s top traders automatically. In 2012, the firm released a mobile app for Android and Apple users. The Web trader platform and the OpenBook social platform are available via a handy mobile app.
In 2016, the firm introduced the smart portfolios group assets. It is formerly known as CopyFunds. There is no commission fee on this platform. In 2021, they launched eToro Money, a new financial service. It allows traders to enjoy instant withdrawal and no forex conversion fees. It is available in Web platform and mobile app only. There is no desktop platform.
The analytical tools like charts and indicators are different in the web platform and mobile app. Both platforms have an easy user interface and also support multiple languages more than 20 languages. It offers various educational and research tools, news feeds, and more. It is considered safe and the most trusted platform for trading. It is one of the Best Metatrader 4 Alternatives. The rating of eToro is 4.5 out of 5.
Why is eToro the Best Metatrader 4 Alternative?
Reason 1 eToro And MetaTrader 4 – Features
The eToro is a forex broker offering a user-friendly online platform that integrates social trading and copy trading. At the same time, MetaTrader 4 is a platform offered by a wide range of forex brokers such as Exness, OctaFX, and more. The eToro platform features can vary depending on where it is regulated and authorized.
Social and copy trading is integrated into the eToro platform, with features such as a social feed attached to information about a forex market to trade. Traders can use this social information when analyzing forex markets, and also they can use copy trading methods from experienced traders. MT4 also has social trading features, suitable for automated trading with robots.
Reason 2 Financial Instruments
The eToro platform has more trading financial instruments than the MetaTrader 4 platform. MetaTrader 4 platform is strictly for forex trading and has never evolved beyond that, while the eToro platform is a multi-asset investing company. The eToro offers over 2000+ financial instruments, including stocks, cryptocurrencies, ETFs, indices, commodities, and currencies.
It offers a wide range of assets to trade in the forex market. Using this platform, traders can access 49 currency pairs, 32 commodity CFDs, 41 cryptocurrencies, 13 index CFDs, 2695 global stock CFDs, and 263 ETF CFDs. The MT4 platform is the most popular trading platform in forex trading. Overall, the MT4 platform is one of the best choices for forex trading and other types of trading instruments – eToro is the Best Metatrader 4 Alternative.
Reason 3 Analytical Tools
The analytical tools, including both platforms’ charts, indicators, and timeframes, are not the same. The eToro platform offers different indicators for web and mobile platforms. The web platform of eToro provides 5 chart types (Hollow Candle, Bar, Candle, Line, & Mountain), 66 indicators, 9 timeframes (range from 1 minute to 1 week), and 13 drawing tools.
While the mobile platform has fewer indicators than the Web platform, it has only 5 indicators, i.e., MACD, Moving Averages, RSI, Bollinger Bands, and Stochastics. There is no drawing or graphical tools on the mobile app.
MT4 has 40 built-in technical indicators, 9 timeframes, and 40 charts. MT4 built-in indicators are fundamental and only suitable for beginners. Experienced traders need to buy custom indicators on the MetaQuotes market.
Reason 4 Accounts and Pricing
The eToro offers a Standard account and a Professional account. The fees for both accounts are the same, but the only difference is the amount of leverage offered. This platform is best for stock, cryptocurrency, ETF traders, and social or copy trading. It doesn’t charge trading fees for stocks and ETFs, but it charges a 1% fee to buy or sell cryptocurrencies.
There is no deposit fee on the eToro platform. The withdrawal fee is free for US investors, and the minimum withdrawal amount should be $30. Other than for US investors, the withdrawal fee is $5. The inactivity fee is $10 per month, and the conversion fee for non-US dollar deposits varies depending on the currency.
MetaTrader 4 platform can be downloaded free from their official website. It needs a registration process every 30 days. The MT4 demo account is free to trade, which helps traders test all features of the trading platform. When traders access the MT4 platform through a broker, some brokers offer free for their clients or paid plans in the MT4 Standard account and MT4 Pro account. The minimum deposit for the MT4 platform is $100.
Reason 5 Customer Support
The eToro platform supports web and mobile apps. It doesn’t support desktop versions, and the MT4 platform supports web, mobile, and desktop versions. We can download the eToro app from Android and Apple stores, i.e., Google Play and iOS app stores. But, we can download MetaTrader 4 platform from the Google play store only. Recently, MetaTrader 4 and 5 were removed from the Apple store.
There is no development team or support staff to help customers in MetaTrader 4 platform, while the eToro platform has extensive customer support 24/5. They offer customer support via a ticketing system, live chat, and phone support. Ticketing system customer support is available to all customers.
Live chat and phone support are available only to Silver tier eToro Club members. Silver tier membership requires an equity balance of at least $5000. Overall, eToro will be the top alternative to MetaTrader 4 in 2022 and one of the Best Metatrader 4 Alternative apps.
Features of eToro
It is a multi-asset platform.
It offers social trading with a community trading of more than 25 million users.
It offers numerous analysis tools.
It is regulated and authorized by top-tier entities.
It has features like copy trading, a virtual portfolio, educational tools, a news feed, and more.
It supports mobile and web.
Pros
It is a user-friendly interface or platform.
Regulated by top-tier firms.
Traders can use copy trading done by other experienced investors.
Traders can access more than 30 cryptocurrencies.
It offers unique social trading and educational tools.
It offers free insurance in certain regions.
Cons
Stock, cryptocurrency, and ETF trading are only available in 44 US states.
It has a withdrawal fee of $5.
It has only one base currency, i.e., US dollars.
Live chat and phone customer needs an account balance of at least $5000.
eToro FAQ
Buying Guide
Traders can download the eToro platform app from the Google play store or the iOS/Apple app store. Then, sign in from an Apple device, Facebook, or Gmail account using a user id and password. Next, they can choose a real or virtual account and start trading.
Alternative #4 Capital.com
Capital.com is a worldwide CFD brokerage platform that is the Best Metatrader 4 Alternative, and it was founded in 2016. The parent company of Capital.com is Capital com SV investments limited, and it accepts clients from more than 183 countries, excluding the USA. Most platforms do not use EQ Patented AI trade bias detection systems.
But, Capital.com uses it to give the trader the best experience. Capital.com gives investors more attention and provides educational guides to investors. Capital.com is the Best Metatrader 4 Alternative because it functions with the motto of commission-free trading, excluding overnight fees and buy-sell spreads.
Moreover, it is regulated by most of the regulatory authorities such as the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CYSEC), the Australian Securities and Investments Commissions (ASIC), and the NBRB and Financial Services Authority of Seychelles (FSA).
More than four million traders benefit from Capital.com’s global web and app-based platform. They built a platform rooted in technology and innovation to unleash the full potential of the people. Capital.com is the Best Metatrader 4 Alternative app in 2022 as it grants access to 6000 world-renowned markets in which the trader can directly invest in trade derivatives, ETFs, and stocks.
And also, 455,000+ traders have joined Capital.com worldwide to date. Moreover, most people consider it the Best Metatrader 4 Alternative since it not only provides advanced technology and a user-friendly interface but also they provide comprehensive guides. Let us explore the features of Capital.com that make it the top alternative to MetaTrader 4 in 2022.
Why Is Capital.com The Best Metatrader 4 Alternative?
Reason #1 Accessibility
All the MetaTrader 4 similar apps in 2022 offer mobile and desktop versions of the platform. Yet, Capital.com stands out as the best by maintaining the stability of its mobile app. It can be accessed on Windows, Mac, Android, IOS, and web browsers. One special feature that makes Capital.com the Best Metatrader 4 Alternative is that the mobile app is advanced as charting, and we can do technical analysis via the mobile app itself.
Capital.com has a rating of 4.8 on the Apple App Store and 4.4 on the Google play store. Money deposits and withdrawals are easy on Capital.com as they can be done via almost every source possible. Deposits, in terms of bank accounts, usually take two business days. But, when it comes to Capital.com if the deposit is made via credit card, it shows up in seconds.
On Capital.com, you can make deposits through debit cards, credit cards, electronic transfers, bank transfers, and wire transfers. However, can make the deposit only in U.S Dollars, Euros, or British pounds; this is one of the major features of the best trading apps, and such advanced features make Capital.com the Best Metatrader 4 Alternative.
Reason #2 Security
The key feature of Capital.com is its security features which are not available in other alternative apps. They ensure the maximum security of traders’ data and accounts. To provide tightened security, they make use of advanced technologies. They have included market-leading security solutions to provide a secure infrastructure and detect the security breaches they put in place.
Capital.com assessment activities and security detection are progressively monitored and enhanced to protect security systems’ integrity. They use Two Factor Authentication (2FA) and encryption to protect clients’ accounts. Moreover, they use salted secure hash algorithms to protect accounts and account passwords instead of storing them in plain text.
In addition, to rapidly detect vulnerabilities and to improve code security, Capital.com runs Application Security Programme. Moreover, their bug bounty program faces challenges in emerging security threads. Furthermore, to secure their network, they use a combination of firewalls, code balances, and VPNs to monitor and filter outgoing and incoming network traffic to defend against cyber-attack threads.
Capital.com is very cautious about protecting its client’s information and data. They have obtained ISO 27001 certification for their privacy risk management. The “Gold standard”, an ISO international standard, ensures that everything is safe in the platform. Such advanced security features are why Capital.com is the Best Metatrader 4 Alternative.
Reason #3 User-Friendly Interface
Its user-friendly interface is one of the most distinguishing features that make Capital.com the Best Metatrader 4 Alternative. Capital.com’s easily accessible interface is understandable and functional to all users. Even welcome traders can access its data with so much ease, as well as experienced traders.
Even though MetaTrader 4 similar apps in 2022 provide most of the accessible features, Capital.com’s user-friendly interface makes it stand out. Now, let us look at the user interface feature that makes Capital.com the Best Metatrader 4 Alternative. Capital.com provides quick links to explore features to trade. In that way, the user doesn’t need to be exhausted by spending too much time.
In addition, you can read articles about current market fluctuations, major companies’ stock prices like Amazon, latest news on metals and gold. Such features can be helpful to traders in making fundamental analysis and technical analyses.
Additional options include newsfeed, indices map, market analysis, platform exploration, market heatmap, economic calendar, trading guides, trading calculator, trader’s dashboard, and financial news. Such a user-friendly interface has built the trust of the traders throughout time.
Reason # 4 Pricing – Commission-Free Trading
In this free alternative to MetaTrader 4, traders don’t need to pay any commission fee apart from overnight fees and spreads. Capital.com’s overnight fee is a beautiful choice if the trader uses leveraged trades and their transparent low bid-ask spreads help the traders before they make the trade.
On Capital.com, there is no signup fee, inactivity fee, withdrawal fee, commission on trades, deposit fees, “per trade” fees, and no fees for real-time quotes. Moreover, it does not charge any fees for currency conversion, which is a common feature among best MetaTrader 4 alternative sites.
On Capital.com, one can open an account with a minimum deposit of just 20 dollars based on the currency choice for the account. On Capital.com, all the major currency pairs and minor currency pairs are offered, such as USD, EUR, CAD, GBP, JPY, CNY, AUD, CHF, SGD, HKD, CNY, RUB, NOK, DKK, JRY, PCN, SEX and more.
Almost every currency pairs have tight spreads. Their account type is a standard account and offers maximum leverage of up to 130 for retail clients; this is one of the reasons Capital.com is the Best Metatrader 4 Alternative.
Reason # 5 Customer Support
Customer support of Capital.com is impeccable, and it is the best alternative for MetaTrader 4. They provide customer support in 24 languages 24/7. A dedicated account manager is also available via Telegram, online live chat, Facebook messenger, Viber, and WhatsApp.
They never take more than five minutes to answer the queries on the call. Their customer is available in eight languages German, English, Italian, Russian, French, Turkish, Spanish, and Arabic. Their support center page provides many options to answer their customers’ queries, making them the Best Metatrader 4 Alternative.
The available options are platform video guide, Your Capital.com account, deposits and withdrawals, trading information, partnership, and submit a request. These options made traders’ work easy and accessible. Moreover, their on-time support system provides a sense of security to the traders. Their customer support team consists of experienced advisors and a dedicated account manager.
Features Of Capital.com
- Capital.com offers forex trading, stocks, crypto (NFTs and blockchain), economics, and energy (oil and gas).
- They provide regular live updates, and for 6,400+ markets, they provide price alerts.
- They offer analytics tools, tech indicators, and advanced charts.
- Capital.com has the up to date information on company ESG risk ratings.
- They provide basic online courses for trading free of cost.
Pros
- User-friendly and intuitive interface
- The trading platform is driven by AI technology
- Registered platform and regulated by multiple authorities such as FCA, ASIC, CYSEC, and FSA.
- Excellent customer support
- They charge a low minimum deposit
Cons
- We can access Features of Capital.com only by opening an account
- They charge an overnight fee
- They do not accept clients from some of the major countries.
Capital.com – FAQ
What People Say About
People consider Capital.com the Best Metatrader 4 Alternative as it has advanced features and negative balance protection, which is not available in most trading platforms. We can see many positive reviews from the users like “Excellent platform, easy to use, intuitive and provides all the necessary tools to help investors make informed investment decisions” and “There’s good security on the trading platform, and it is going exactly what the customer wants”.
Buying Guide
Over 455,000 traders worldwide trade with Capital.com, considering it the top alternative to MetaTrader 4 in 2022. It has an easy process to register and open an account. First, the trader must create an account, which will be verified. Once the account is verified, the trader must make the first deposit of 20 dollars. Then, the trader is set to trade. In addition, the tutorial to buy and use Capital.com can be seen on YouTube and Instagram.
Best Trading Platform Like MetaTrader 4
No doubt, MetaTrader 4 is the best trading and more popular platform in the forex market. However, there are more alternative platforms like MetaTrader 4. Below is the top 4 Best Metatrader 4 Alternatives in 2022.
Metatrader 4 Similar Websites In 2022
Above are the top 4 best MetaTrader4 similar websites. We have seen why it is an alternative and the features, advantages, and disadvantages of all alternatives of the MetaTrader 4 trading platform. Trading platforms are considered full-fledged workstations for both beginners and professional forex traders. MetaTrader 4 trading platforms contain several markets leading tools and features, including charting, security, and live feeds.
Metatrader 4 Free Alternatives In 2022
Some other free alternatives to MetaTrader 4 platforms are Active Trader Pro, IEX, Binance Broker, TT Platform, Tiger Trade, E-Trade web platform, and more platforms available in the forex market.
FAQ of Best Metatrader 4 Alternative
Is MetaTrader 4 good for beginners?
Yes, it is good for beginner traders because it has a built-in programming language, MQL4.
How much does it cost to use the MT4 platform?
The MT4 platform is free to use, whether traders have a demo or live account.
What is better than MT4?
Among the above top 4 alternatives, TradingView is better than MT4.
Winner
Among the top 4 Best Metatrader 4 Alternative platforms, the winner is TradingView. The TradingView platform is a bit more modern than the MT4 platform. It has a much better design for its charts. The MT4 platform is the most popular trading platform in forex trading, and TradingView has more trading instruments than the MT4 platform.
The MT4 platform is strictly for forex trading. It has never evolved beyond that, while the TradingView platform allows traders to trade stock trading, crypto trading or CFDs, indices, futures, currency pairs, and more assets. Both platforms have an easy user interface. Overall, the MT4 platform is one of the best choices for forex trading and other types of trading – TradingView is the Best Metatrader 4 Alternative.
Conclusion – Best Metatrader 4 Alternative
MetaTrader 4 platform is good when compared to all other platforms in the forex market. There are plenty of MetaTrader 4 similar apps in 2022. But if a user is considering moving from MetaTrader 4 for some reason, I am sure you can pick anyone from the above-mentioned Best Metatrader 4 Alternative apps in 2022. If you ask me to recommend the best one out of the 4 best alternatives for MetaTrader 4, I will go for the TradingView platform.
Hopefully, I pointed out why it is the Best Metatrader 4 Alternative and the features, advantages, & disadvantages of the top 4 alternatives of MetaTrader 4 similar apps in 2022. So, let’s look at the above article to find out the Best Metatrader 4 Alternative.
