Tradingview Vs MT4: Which Platform Is Right For You?

You can use MT5 to access various brokers and trading platforms that support the software. However, depending on the type of account, instrument,  and market you are trading, you may have to pay fees to your broker. These fees may include spreads, commissions, swaps, and other charges.
It also has its scripting language, Pine Script, which allows how to promote forex affiliate users to create and share custom indicators and strategies. It boasts a modern user-friendly interface with a wide array of indicators and screeners. Their charts support multiple asset classes such as stocks, forex, cryptocurrencies and commodities.

Both platforms typically offer a range of indices, giving you the capacity to trade on the aggregated performance of selected groups of stocks. When you engage in forex trading, you’re participating in the largest and one of the most volatile segments of the global markets. The forex market enables you to trade currency pairs 24 hours a day, reflecting the non-stop nature of global trade and economics. MetaTrader 4 (MT4) is renowned for its robust forex trading capabilities, offering a range of currency pairs and a suite of tools tailored for forex traders.
Order placement, position management, and execution are more streamlined than in TradingView, with direct market access  features built into the core experience. MT4’s “Strategy Tester” is more robust for backtesting automated EAs, providing detailed reports on execution, drawdown, and profit factors. The information on this website does not constitute investment advice, and TradingBrokers.com does not make any offers or solicitations to buy or sell any financial instruments. MetaTrader 5's interface, in contrast, feels dated and can be overwhelming for new users. The platform is powerful and highly customizable, but it has a steeper learning curve and a less intuitive design.

The MetaTrader vs TradingView issue has led many traders to leave MetaTrader and switch to TradingView. While MetaTrader pioneered modern trading platforms, its stark contrast with TradingView has pushed it to a corner. MetaTrader has long been popular among traders for its robust features like Expert Advisors (EAs), custom indicators, and compatibility with numerous brokers. For instance, Meta Trader 4 is easier to use and is also more customizable. Further, it offers you direct access to the markets, which makes your trading experience much easier. The other area of comparison is the instruments that both platforms deal with.
Choosing between Tradingview and MT4 involves understanding one's trading strategies and goals. The decision may hinge on whether a trader values Tradingview's innovation or MT4's reliability. Trying both platforms can be the best way to decide, ensuring the choice complements an individual's trading approach. The range and quality of automated trading tools, like bots and EAs, influence their efficacy. MT4 is renowned for its extensive library of EAs and customizable options, establishing it as a leader in automated trading.
MetaTrader 5 (MT5) is a versatile platform that supports a wide range of trading instruments and markets. You can trade forex, stocks, futures, options, commodities, cryptocurrencies, and more on MT5. However, the availability of these instruments and markets depends on the broker you are using. Not all brokers offer the same instruments and markets, and some may have different conditions and fees for trading them.

Two highly regarded contenders in the field are MetaTrader 4 (MT4) and TradingView. With distinct features tailored to various trading styles, this comprehensive comparison delves into the core aspects of MT4 and TradingView. By the end, you'll be well-equipped to make an informed decision aligning with your unique trading needs.
This article provides an unbiased, in-depth comparison to help you decide which platform, or combination of platforms, is the perfect fit for your trading strategy in 2025. It supports multiple order types, one-click trading, and automated strategies. MT5 includes Depth of Market (DOM) functionality, allowing traders to view liquidity and place pending orders directly in the order book. The platform’s integration with brokers ensures efficient execution speeds, making it ideal for scalping and high-frequency trading. TradingView covers a wide range of global markets, including equities, forex, cryptocurrencies, commodities, indices, and bonds. Data is aggregated from various exchanges, allowing traders to analyze multiple asset classes in one place.

MetaTrader 4 & 5 has long been considered the gold standard for forex traders worldwide. Launched in the early 2000s, MetaTrader has built its reputation on reliability, depth, and powerful trading features that cater especially well to experienced and professional traders. My journey as a trader began approximately 18 years ago when I first encountered the Metatrader platform. This Windows-based software not only provided live chart prices but also offered an incredibly intuitive charting experience. In this article, I’ll share my experiences and insights, reflecting on how my trading journey has evolved since those early days with Metatrader.
It’s where millions of visual traders and multi-asset investors live. TradingView doesn’t have built-in execution features, meaning that you can’t place and manage your trades directly from the charts. Therefore, you need to integrate TradingView with a broker platform that supports the software and execute your trades from there. You can use the trading panel on TradingView to connect to your broker platform and see your account information, orders, and positions.
Additionally, MT5 allows for direct market execution and has built-in risk management tools such as stop loss and take profit. Though somewhat dated, MetaTrader provides deep market access with features like multiple order types, comprehensive charting tools, and a range of technical analysis options. Its robust architecture supports a wide array of customisations and add-ons, giving traders the flexibility to tailor the platform to their specific needs. Whether you are trading forex, commodities, or CFDs, Meta Trader's extensive range of tools and functionalities ensures you have everything you need to make informed trading decisions. The choice between MT4 and TradingView largely depends on your trading style and preferences. MT4 excels in technical analysis, algorithmic trading, and backtesting, making it suitable for advanced traders.

They supposedly corrected this with MT5, but I have never seen it offered on any brokerage. This has to do with how mt4 draws it’s charts making it seem like the trend line has shifted, but it has not. Draw a trend line on a higher time frame, e.g. 4H,  then note a few points along the line. You will see the ends are still at the same price and it is still drawn over the same price points in between the ends. On a side note, you can easily sign up for a live account without depositing a single cent to rid of the irritating pop up.