One popular trading platform used by many proprietary trading firms is MetaTrader. While MetaTrader is a powerful and versatile platform, it may not be the best fit for every prop firm. In this article, we’ll explore some of the alternatives to MetaTrader that are available to prop firms.
Proprietary Trading Firms and Trading Platforms They Use
| Proprietary Trading Firm | Trading Platform |
|---|---|
| E8 Funding | MetaTrader 4, MetaTrader 5 |
| Alpha Capital Group | MetaTrader 5 |
| AquaFunded | MetaTrader 4, MetaTrader 5 |
| Audacity Capital | MetaTrader 4 |
| Bespoke Funding | MetaTrader 4, MetaTrader 5 |
| Blue Guardian | MetaTrader 4, MetaTrader 5 |
| City Traders Imperium | MetaTrader 5 |
| Crypto Fund Trader | MetaTrader 5, CFT Platform |
| Direct Funded Trader | MetaTrader 4, MetaTrader 5 |
| Fidelcrest | MetaTrader 4, MetaTrader 5 |
| Finotive Funding | MetaTrader 5 |
| Forex Capital Funds | MetaTrader 4 |
| Forex Prop Firm | MetaTrader 4, MetaTrader 5 |
| FTUK | MetaTrader 4, MetaTrader 5 |
| FTMO | MetaTrader 4, MetaTrader 5, cTrader, DXtrade |
| Funded Trading Plus | MetaTrader 4, MetaTrader 5 |
| FundedNext | MetaTrader 4, MetaTrader 5 |
| FunderPro | MetaTrader 4, MetaTrader 5, TradeLocker |
| Funding Pips | MetaTrader 5 |
| Glow Node | MetaTrader 4, MetaTrader 5 |
| Goat Funded Trader | MetaTrader 4, MetaTrader 5 |
| Leveled Up Society | MetaTrader 5 |
| Lux Trading Firm | MetaTrader 4, MetaTrader 5, The Lux Trader |
| Ment Funding | MetaTrader 4, MetaTrader 5 |
| MyFlashFunding | MetaTrader 4, MetaTrader 5 |
| MyFundedFX | MetaTrader 4, MetaTrader 5 |
| RebelsFunding | RF-Trader |
| Smart Prop Trader | MetaTrader 4, MetaTrader 5 |
| Super Funded | MetaTrader 4, MetaTrader 5 |
| SurgeTrader | MetaTrader 4, MetaTrader 5 |
| The Funded Trader | MetaTrader 4, MetaTrader 5 |
| The Trading Pit | MetaTrader 4, MetaTrader 5 |
| The5%ers | MetaTrader 4, MetaTrader 5 |
| Top One Trader | MetaTrader 4, MetaTrader 5 |
| TopTier Trader | MetaTrader 4, MetaTrader 5 |
| Trading Funds | MetaTrader 4, MetaTrader 5 |
| True Forex Funds | MetaTrader 4, MetaTrader 5 |
Comparing MetaTrader with Alternatives
When choosing a trading platform for prop firms, MetaTrader is a popular option. However, other platforms also offer similar or better features. Here’s a comparison based on different aspects:
User Interface and Experience: MetaTrader vs Tradelocker
MetaTrader: Simple and easy to navigate.
TradeLocker: Modern interface with advanced charting.
Technical Indicators and Charting: MetaTrader vs ProRealTime
MetaTrader: Customizable indicators and charting tools.
ProRealTime: Over 100 technical indicators and advanced charting.
Algorithmic Trading Support: MetaTrader vs NinjaTrader
MetaTrader: Strong support for algorithmic trading and automated trading programs (EAs).
NinjaTrader: Advanced charting, technical analysis tools, and support for automated trading.
Cost Comparison
- MetaTrader is a free platform that can be downloaded from the MetaQuotes website. Some brokers may charge a fee for using MetaTrader on their platform.
- TradeLocker offers paid plans that offer more advanced features and data.
- ProRealTime offers a free trial period, after which traders need to pay a monthly subscription fee.
- NinjaTrader offers a free version with limited features, as well as paid plans that offer more advanced features and data. However, traders also need to pay a one-time license fee to use NinjaTrader.
Is MetaTrader Leaving the USA? Considering an Alternative
It seems MetaTrader is no longer available for USA Prop firms. In this scenario, TradeLocker could be a suitable alternative customized for the needs of US-based traders. Let’s explore further.
TradeLocker: An Alternative for MT4 and MT5 Based Prop Firms
TradeLocker offers fast order execution, reliability, security protocols, and an intuitive user interface. It provides extensive customization and scalability, making it appealing for prop firms.
Why TradeLocker Stands Out for Prop Firms in [Year]
TradeLocker features include a lot size of 0.01, 500+ assets, one-click trading, TradingView integration, high-quality charts and indicators, in-app trading, optimization for all devices, and the ability to trade micro lots.
Read the full Tradelocker review.
Which Prop Firms use what Platform?
- TradeLocker: FunderPro and OspreyFX are using TradeLocker.
- MetaTrader 4 (MT4): FunderPro, FTMO, and Toptier Trader use MetaTrader 4.
- MetaTrader 5 (MT5): FunderPro, FTMO, and TopTier Trader use MetaTrader 5 trading platform.
- cTrader: FTMO is noted as one of the best options for traders that use cTrader as their trading platform.
- TradingView: Topstep is offering TradingView as their trading platform.
Final Word
Compliance with key regulations such as MiFID II in Europe, the Dodd-Frank Act in the U.S., ASIC regulations in Australia, and data protection and privacy laws is crucial. This includes stringent requirements for transparency, reporting, comprehensive market regulation, consumer and investor protection, as well as the safeguarding of client information in the digital era. Finding reliable platforms becomes essential to meet these regulatory demands.
