Download the MetaTrader 5 app for iPhone and iPad

The terminal boasts an intuitive design vs the more cluttered and outdated MetaTrader profiles. Beginners may also feel more confident with the cTrader interface thanks to its focus on slick navigation. This does come at a price, however, with user reviews indicating slower server response times and execution speeds.

The platform can be downloaded to Macbooks and Windows machines and is available as an iOS and Android mobile app. CTrader and MetaTrader are multi-asset platforms that provide access to forex, commodities, indices, and cryptocurrencies, among others. However, there is a key difference in that neither cTrader nor MetaTrader 4 offers stocks. The top in-house trading platforms that qualify as MT4 and MT5 alternatives have developed the right tools to enable a seamless account integration with other platforms.

The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch. By implementing this kind of connection, Apple will also make sure that the apps are only available for download in the countries where the broker is licensed to operate legally. There is no way to correlate the legitimacy of the app with the legitimacy of the brokerage.

RoboForex supports MetaTrader 4 and offers all the useful standard features of that platform including three types of order execution and 50 ready-to-use indicators for technical analysis. For algorithmic trading, you can create your own trading bots in the MQL4 programming language. However, one of the key downsides of Robinhood compared to other investing platforms is that it doesn’t offer 401(k)s, IRAs, or any other retirement accounts. These accounts provide substantial tax benefits, so they’re often the most cost-effective way for new investors to get started. Furthermore, there’s no support for foreign exchange trading or certain common assets, such as bonds and mutual funds. Features like the Market are often victims of this conversion problem, which makes it more difficult to acquire new Expert Advisors and robots.

Below we provide an introduction to and break down the key features and functionality of MT4 and MT5. Alternatives to MetaTrader, such as ThinkTrader, typically come out on top when it comes to chart types. MetaTrader 4 and 5 are both limited to three basic charting layouts on PC and mobile. However, you can find an impressive 20 chart types when you login to the ThinkTrader platform. There are 6 pending order types available from ThinkTrader vs the 4 provided by MT4 and six by MT5. The platform also allows partial order filling, which MetaTrader 4 does not.

In the event of sudden problems like the ones that recently shook the industry, these brokers will suffer double losses. This is essential if the technology is supplied by a third-party vendor who also takes on the risk of running their own company. The company representative also stated that the removal of MT4 and MT5 from the AppStore caused the company significant losses. Another reason could be Apple’s recent tendency to remove apps after receiving a certain number of development complaints. XM is a subsidiary of Trading Point Group, an FCA-regulated firm available in over 100 countries. Unfortunately, the United States is not one of these countries, but the platform does provide a dedicated MetaTrader for Mac program.

5 MetaTrader alternatives for Apple devices

It also offers a different but enhanced programming language (MQL5 instead of MQL4), as well as boosted technical indicators, extended timeframes, deeper market insights and hedging capability. U.S. traders can use this updated platform with popular brokers like FxPro offers traders access to the forex and contracts for difference (CFD) market using MT4 and MT5 (along with other platforms). When you use FxPro, you can trade in forex, metals, indices, shares and cryptocurrencies.

5 MetaTrader alternatives for Apple devices

Note, Backtesting is a feature offered by both cTrader and MetaTrader, enabling users to test strategies using historical data.

MT4’s support for algorithmic trading via EAs is nothing less than legendary. Despite alternative platform options existing for online forex trading, most seasoned online retail traders regard MT4 as a valuable and virtually indispensable trading companion. Unlike M1 Finance and Robinhood, Ally Invest provides full support for forex trading 24 hours a day on weekdays. Along with its deep selection of assets, this feature makes Ally Invest substantially more flexible than many other online stock trading platforms.

5 MetaTrader alternatives for Apple devices

Indicators and objects are provided with customizable color schemes and can be applied on charts or added in other indicator windows. With L2 Dealer, you can access share and forex DMA trading, which gives you direct access to the order book of the exchange. We have the world’s best trading platform and app – and it’s free to use. If you use our MT4 VPS, it’s possible to log into the VPS using a remote desktop app on your device. Find out which trading platforms you can use on your mobile to keep seizing trading opportunities.

  • These accounts provide substantial tax benefits, so they’re often the most cost-effective way for new investors to get started.
  • Robinhood is currently in early access and should receive a full rollout in the near future.
  • It also offers a different but enhanced programming language (MQL5 instead of MQL4), as well as boosted technical indicators, extended timeframes, deeper market insights and hedging capability.

Your MetaTrader 4 experience on the Mac operating system may vary depending on the broker you use. Many brokers have their own process to follow when installing the platform on non-Windows systems and some features could be inaccessible. Although it initially seemed a significant problem, traders who have MetaTrader installed on their devices can continue using the app with the only limit — they can’t get any updates or new features. The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. The application supports the complete set of orders and trading functions.

5 MetaTrader alternatives for Apple devices

While MT4 is not strictly required for forex trading, it is an excellent platform offering numerous benefits that will enhance your overall trading experience. Renowned for its many features, MT4 will empower you to create sophisticated strategies, perform detailed technical analyses and leave or execute market orders easily. Based on the MetaQuotes Trading platform that was released in 2000, MetaTrader 4 has become the most popular trading platform for the online forex trading community because of its excellent automating abilities.

Both MetaTrader 4 and 5 offer full functionality through iOS, Huawei and Android-compatible mobile apps. The MT4 and MT5 trading platforms can also be downloaded to desktop devices (Windows, Mac OS and Linux), or they can be used via the web trader terminal on all major web browsers. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the most popular retail trading platforms. In this guide, we review some of the best alternatives to MetaTrader 4 and MetaTrader 5, comparing everything from indicators and historical data to EA builders and backtesting capabilities.

Both MetaTrader and ThinkTrader’s features can be used in a simulated market environment via a demo profile. This is a great way to learn new strategies and practice trading risk-free. Both platforms offer copy trading and auto-investing functionalities.

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