Alternatives to MetaTrader

While MetaTrader 4 and Metatrader 5 were the go-to for many, there are several new and notable competitors that offer better execution speeds, more assets, trading support, or user-friendly interfaces.

MetaTrader has long been a standard trading platform, known for its strong analytical tools and automated trading capabilities.

MetaTrader 5 Alternatives You Will Love

When you’re looking to trade online, you’ve got a sea of choices beyond MetaTrader. Different trading platforms cater to various trading styles and preferences, each with its own set of features.

1. Tradelocker: Known for its intuitive interface, Tradelocker offers advanced charting tools and a robust trading system. Especially popular for forex and commodities trading, it’s a common alternative for those who want a change from MetaTrader’s environment.
2. TradingView: With a powerful charting system, TradingView is a favorite for technical analysts. It’s not just for looking pretty; its social network aspect lets you follow and share strategies with other traders.
3. ThinkorSwim: Operated by TD Ameritrade, this platform is a hit among options traders. It provides professional-level analytics, a variety of tools, and comes with a paper trading feature to practice your trades without risk.
4. eToro: If you’re into social trading, eToro’s platform allows you to connect with, learn from, and copy the trades of experienced investors.
5. ETrade Web Platform: Perfect for stock traders looking for a straightforward interface that’s packed with research materials and tools.

Here’s a quick glance at some options:

Platform	Best For	Notable Feature
TradeLocker	Advanced Charting	Intuitive Interface
TradingView	Technical Analysis	Social Network Features
ThinkorSwim	Options Trading	Professional Analytics
eToro	Social Trading	Copy Trading
ETrade	Stock Trading	User-Friendly & Informative

Check out the best alternative platforms to MT4 & MT5, and see which one fits your trading style. Whether it’s forex or stocks, you’ve got options.

Desktop Trading Solutions

When you’re considering desktop trading platforms, you want reliability, diversity of tools, and robustness. Here’s a rundown of some solid alternatives to MetaTrader that you might want to consider for your trading desk.

Platform	Description
cTrader	cTrader is a favorite for forex traders who need an intuitive and cleanly-designed interface. It supports advanced order types and algorithmic trading. If you’re looking for detailed charting and extensive backtesting capabilities, cTrader could be a strong contender.
NinjaTrader	For futures and forex markets, NinjaTrader offers a suite of features including advanced charting and trade simulation. Your analysis can get a boost with over 100 technical indicators that come with NinjaTrader, making it a solid pick if you have a knack for technicals.
ThinkorSwim	ThinkorSwim by TD Ameritrade is a powerhouse that gives you access to forex, stocks, futures, and options. Packed with real-time data, analytics, and ThinkorSwim is also known for its comprehensive set of research tools which could be great assets in your trading strategy.

Web-Based Trading Platforms

When you’re trading and can’t be tied down to a desktop software, web-based platforms are your go-to. They offer the convenience and flexibility you need to trade from anywhere with an internet connection.

Platform	Description
TradeLocker	Tradelocker offers you an intuitive, browser-based trading experience. You’ll find it’s robust in features yet straightforward to use, ideal when you’re juggling multiple trades on-the-go.
TradingView	TradingView is known for its powerful charting and social networking features. If you’re one to analyze trends with a community, it’s your best pick. It’s free to start with, and there are additional tools and capabilities available if you decide to upgrade.
eToro	With eToro, you can join a massive network of traders. It’s great for you if you’re into copying trades from seasoned traders. Moreover, the platform provides a user-friendly interface that’s perfect for beginners in the trading world.

Mobile Trading Apps

When you’re looking to trade on the go, a robust mobile app is your best friend. Here’s the lowdown on some of the most notable ones that can serve as alternatives to MetaTrader.

Platform	Description
Robinhood	Robinhood is a game-changer if you’re into a sleek design and straightforward functionality. This app lets you trade stocks, options, and ETFs without commission fees. Plus, it’s user-friendly, so you can start trading without needing to navigate complex interfaces.
Forex.com	Forex.com’s mobile app is your ticket to the foreign exchange market. With a variety of interactive charts and technical analysis tools, it arms you with in-depth information to make informed trading decisions while catering to your need for mobility.
IQ Option	IQ Option can be a solid choice with its intuitive interface and a host of trading options ranging from forex to cryptocurrencies. They offer a free demo account, so you can get the hang of mobile trading without the risk.

Remember, all trading involves risk and you should make sure that you understand the platforms you choose to use.

Open Source Trading Software

If you’re tired of proprietary platforms and looking for a more hands-on approach to trading, open-source trading software might be your answer. These tools offer customizability and transparency that you can’t always get with commercial software like MetaTrader.

Platform	Description
Gekko	Gekko is a straightforward trading bot platform that you can use to automate your strategies. It’s great for beginners due to its simplicity and comprehensive documentation. With Gekko, you can backtest your strategies over historical data and even run simulations in real-time market conditions before going live.
Backtrader	Backtrader takes things up a notch by catering to those who have a good grip on Python programming. Not only can you backtest and live trade, but you can also optimize your strategies. Backtrader offers an extensive range of indicators and analytical tools straight out of the box, helping you refine your trading tactics to perfection.
Lean	With Lean, you can model your strategies and deploy them across multiple brokerages and asset classes. It’s a more advanced platform, designed for quant traders who demand the utmost in analytics and computational power. Lean is maintained by QuantConnect, which supports a massive community where you can collaborate and share insights with other quants.

Proprietary Broker Solutions

When you’re on the hunt for powerful trading platforms, sometimes your best bet is a proprietary broker solution. These are tailor-made platforms offering unique features and tools that set them apart from standard options like MetaTrader.

Platform	Description
Interactive Brokers Platform	Interactive Brokers offers you a platform that’s incredibly deep in functionality, especially if you’re into serious investing and trading. With tools that cater to both individual and institutional traders, you’ll find a suite of options for order types, risk management, and research.
TD Ameritrade	TD Ameritrade’s ThinkorSwim platform is a haven for traders who love charts, analysis, and strategy. It brings you a rich set of features including customizable screens and social sentiment tracking. Plus, their paper Money feature lets you practice your strategies without real-world risk.
SaxoTrader	Saxo Bank’s SaxoTrader goes the extra mile to provide you with a high-end trading experience. You’ll get access to comprehensive research tools and a vast array of asset classes, making it suitable for your diverse trading portfolio.

Conclusion

You’ll find various trading platforms that could better suit your trading style than Metatrader. TradeLocker offers a comprehensive suite of features and, based on your needs, it might be a good fit for transition. The same goes for platforms like cTrader, which serves up a different experience but still packs a punch when it comes to tools and functionality.

Looking for a robust community and additional indicators? TradingView might catch your eye. It’s a popular choice among active traders and integrates smoothly with various brokers. Similarly, NinjaTrader and ThinkorSwim have the credentials to stand out, whether that’s for their advanced analysis tools or customizable interfaces.

Each alternative comes with its own strengths:

• TradeLocker: A new contender carving its niche
• cTrader: Known for its clean interface and algorithmic trading capabilities
• NinjaTrader: Favored for futures and forex markets
• ThinkorSwim: Offers professional-grade tools for sophisticated traders

Use demos if they’re available.  Check and read forums, measure the pros and cons, and match them against your trading needs.