Is MetaTrader better than TradingView? (2024)

Is MetaTrader better than TradingView?

Leveraging the strengths of both platforms: TradingView has superior charting, analysis, and backtesting features, while MetaTrader has more brokers, instruments, and execution options. By combining them, you can enjoy the best of both worlds.

What is better MetaTrader or TradingView?

Conclusion: Embracing the Right Trading Platform

MT4 is a reliable and user-friendly platform for beginners and experienced traders, while TradingView is a powerful tool for technical analysis and social trading enthusiasts.

Why do people use MT4 instead of TradingView?

If you are a forex or CFD trader who wants a powerful platform with a wide range of features and customization options, then MT4 is a good choice. If you are a trader who wants a platform that is easy to use and has a wide range of markets and instruments available, then TradingView is a good choice.

Is there something better than TradingView?

TrendSpider offers an advanced, ad-free experience that stands out from TradingView and other competing products.

Do professional traders use TradingView?

Professional traders visit forums like TradingView. They use these online spaces to talk about trading strategies, share ideas, and learn from others. On these platforms, traders of all levels, including experts, come together to chat and learn.

What are the disadvantages of TradingView?

You'll Need To Have 2 Platforms At All Times

TradingView by itself isn't a trading platform through which you can place trades. While it is true that TradingView associated with some brokers like Oanda and FXCM, in most cases you won't be able to enter your trades from the charting platform itself.

Can you trust TradingView?

TradingView is very popular and trustworthy. It is avaiable via your web browser, desktop app and mobile app. It offers a free product and a premium paid product. It provides a wide range of tools and assets for charting, has news, contributors, trade ideas, screeners and more.

Why do people still use MT4?

Although MT4 was specifically built for Forex trading, the platform can also be used to trade other assets such as stocks, indices, and commodities via CFDs. Both beginners and experienced traders appreciate MT4 because it is multi-functional, user-friendly, and allows users to customize the interface to their needs.

Why do most traders use MT4?

MT4 is extremely popular due to the fact that it is highly customisable to your individual trading preferences. It can also be used to automate your trading, using algorithms which open and close trades on your behalf according to a list of set parameters.

Do people still use MetaTrader?

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two of the most popular trading platforms in the world. MT4 was released in 2005, while MT5 was released in 2010. As of January 2023, there are over 40 million active MT4 users and 10 million active MT5 users.

Who is TradingView's biggest competitor?

What is better than TradingView charting?

Thinkorswim - Combined Trading and Analysis

Owned by TD Ameritrade, Thinkorswim (TOS) integrates trading capabilities along with robust charting and analysis tools. Some reasons why traders may prefer Thinkorswim over TradingView: Charting fully matches TradingView's technical capabilities.

What is the most powerful indicator in TradingView?

Which platform do professional traders use?

Founded in 2007, IC Markets has established itself as the go-to forex broker for high-volume, high-frequency professional traders. IC Markets offers a deep pool of liquidity and ECN pricing, along with extremely low fees.

Is paying for TradingView worth it?

You'll be at a serious disadvantage without these tools, which is something I'm all too familiar with. I'll spare you the painful details, but I would have saved a lot of time, frustration, and money if I'd found TradingView sooner. If you're wondering whether paying for TradingView is worth it, my answer is 100% yes.

What is the best trading chart website?

The best free stock charts are on TradingView. Other free charting websites include StockCharts.com, FINVIZ, Stock Rover and Yahoo Finance. Traders can also open an account at many U.S. brokers for free and chart stocks, even with a zero balance.

Is TradingView good for day trading?

TradingView is known for its charting tools, technical analysis capabilities, and flexibility across devices. But is it suitable for day trading? The short answer is yes. Its chart types, drawing tools, and watchlist functionalities have made it a favorite among day traders.

Is TradingView better than thinkorswim?

TradingView is better for crypto trading. It has specific tools for crypto like Renko charts, crypto screener, and charting for thousands of crypto pairs. Thinkorswim mainly focuses on stocks, options and futures.

Do I need a broker to use TradingView?

Do I need a broker for TradingView? Yes, you'll need a broker that supports TradingView integration if you want the ability to execute trades, track your orders, and/or manage your positions from within the TradingView platform.

Can you make real money on TradingView?

Earn with TradingView

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Who own TradingView?

Who owns TradingView? TradingView was founded by Stan Bokov, Denis Globa, and Constantin Ivanov, who continue to own and operate the platform. The platform is also undergoing an investment round led by Tiger Global Management.

What is the most accurate TradingView broker?

Why is MT4 banned in US?

In September 2022, a ban on the MT4 and MT5 apps in Apple's App Store, which affected all markets, made headlines. Though the reasons for the decision were unclear, there was speculation that it was related to trading scams published in the iOS app store, impersonating popular trading platforms.

Why is MT4 banned?

MT4 and MT5 have also been banned from Indian Google Play. The reason for the issue is not yet known. However, there is speculation that it has something to do with the recent actions by India's financial regulator to warn and crack down on unregulated brokers.

Will MT4 be phased out?

Will mt4 be phased out? No. Although Metaquotes announced several years ago they would no longer be supporting MetaTrader 4, it is still available from their website for free download and remains by far the most popular and widely used trading platform. What is the difference between MT4 and MT5?