For traders looking to delve into algorithmic trading on MT4, the MQL4 website offers a comprehensive manual that covers a range of topics from the basics of algorithmic trading to more advanced concepts. MT4 is a trading platform, and it doesn’t offer direct customer support to users. For assistance with MT4, you would need to contact your broker who provides the platform.
If you are faced with this choice, we are ready to hold a free consultation for you. Tech support is an essential component of any trading platform, and it ensures that users receive timely assistance when they encounter issues with the platform. TickTrader offers an individual 24/7 support line, which is not yet available in the MetaQuotes product arsenal. The TickTrader platform offers several unique trading terminal features that are not offered by the MetaTrader platform.
The views and opinions expressed in postings on this website belong solely to the author and may not reflect those of the company’s management or the official position of the company. The contents of the site do not constitute financial advice and are provided solely for informational purposes without taking into account your personal objectives, Build An App Like Exodus Cryptocurrency Wallet financial situation or needs. Through offering white label services to the sublicensee, the white label software purchaser is able to increase its profits through expanded trading volumes and additional commissions. TickTrader’s Spot Operations Account is ideal for traders who prefer to trade in physical delivery contracts.
To support the white label sublicense, custom-branded client trading applications are set up for the sublicensee, including web, mobile, and desktop platforms. In addition, a separate custom-branded client personal area component is also set up for the sublicensee. TickTrader offers three account types, including Spot Operations Accounts, which are not available in MetaTrader, making it a MetaTrader 4 and MetaTrader 5 alternative that is more versatile. These accounts provide traders with the ability to trade physical delivery contracts, as previously mentioned. The Spot Operations Accounts allow traders to make transactions with fiat money and digital currencies, making it more versatile than MetaTrader.
This is why TradingView is perhaps the most viable alternative in the case of an MT4 and MT5 ban, as long as, of course, you are able to connect it to your trading account. Their platform is designed to make the trading experience as easy, efficient, and rewarding as possible. They offer a premium range of trading opportunities on the most popular Forex and cryptocurrency markets – so they can get in on the action and enjoy the highest possible returns.
Stop-Limit orders combine a stop order and a limit order, allowing traders to set a price limit for buying or selling. Iceberg orders are similar to large orders that are divided into smaller ones and are not displayed on the order book. They are ideal for traders who want to keep their trading strategies private.
One of the features that has made MT4 an immensely successful forex trading platform is the offer of automated trading. Traders can use Expert Advisors combined with technical indicators to develop, test and apply their own algorithms on MT4, making it the benchmark for online forex trading. Fintechee is a comprehensive WEB-based trading platform, offering a wide range of services to meet the needs of different types of investors.
Follow AltSignals to stay up to date with the latest developments in the world of finance and technology, and explore how our insights can help improve your trading strategies. The AltSignals team is here to guide you through the exciting, dynamic and challenging world of financial markets. Our mission is to provide analysis that informs as well as guides users and enthusiasts through the complexities of the cryptocurrency and forex markets.
It is a great alternative to MetaTrader, which looks native to traders migrating from that platform. I created a comparison list of MT4/MT5 alternative trading platforms for startup FX Brokers (White Labels) and you can download that list HERE. We firmly believe that, with the support of an appropriate platform coupled with accurate guidance, our readers and traders can turn market volatility into a competitive advantage. CTrader is another trading platform that will allow users to handle the trading pairs they want without having to be worried about the user interface. Indeed, one of the reasons why people search for MetaTrader 4 alternatives is related to the fact that it is not user-friendly, especially for new investors.
MT5, by contrast, has a more complex programming language, but it also provides the ability to write or modify scripts. Amateur and novice traders may not need to access complex granular timeframe data, which makes MT4 an easier choice, providing the resources you need without the complex features you don’t need. The Financial Information Exchange (FIX) API is an important tool for traders to obtain real-time information related to financial securities.
As you consider the merits of MT4 versus MT5, be aware of the small criteria that may affect your trading experience. Both platforms offer hedges on certain trades, for example, but only MT5 offers net, and some traders rely heavily on it to control their relative exposure. Compared to other platforms like MT5, the MT4 offers less features especially in terms of time frames available (the MT5 has 21 in total), but overall, it’s still a quite solid trading platform. Additionally, MT4 offers an extensive array of technical analysis tools, with 30 indicators available.
Despite MT5 outperforming the MT4 in all areas, the latter is still popular due to its extensive community support, especially for those using custom indicators and EAs. MetaTrader 4, often abbreviated as MT4, is a widely used electronic trading platform for retail foreign exchange (Forex), developed by the Russian software company MetaQuotes Software Corp. VertexFX — visually resembles the MetaTrader platform but is a completely different solution for FX, CFD, futures, and commodities trading. Currently, it is more popular with brokers in the Middle East and Asia than with the global online brokerages.
Introducing Arbitrage Scanner the perfect tool for trading on cryptocurrency exchanges. With their advanced personal and AI-powered bot, they can monitor the markets in real time to detect profitable arbitrage opportunities. It’s easy to set up and use, so even beginners will have no problem getting started. Their plans come with a specialized personal manager who can offer them personalized advice on how to make the most out of the bot. They can teach them how to spot different currencies and exchanges, help manage their capital effectively, and provide useful training materials and example strategies that they can employ in your trades.
Professionals can further enhance their analysis by uploading custom indicators, tailoring the platform to their specific trading strategies and preferences. Years ago, an overwhelming popularity of the MetaTrader 4 platform eclipsed everything else. Let’s briefly review the top 5 trading platforms (software) used for online FX trading. If you are an advanced trader, you can connect this platform to your broker account or cryptocurrency exchange and you will be able to start trading with TradingView in minutes. Furthermore, TradingView has also added a large number of indicators and trading tools that make the whole experience even better.
