Metatrader vs TradingView Forex Trading Education & Analysis

It is perfect for beginner and experienced traders, with a vibrant community and excellent charts, backtesting, scanning, and screening globally. The rating section shows that TradingView equals or beats MetaTrader in every category. The key reason to go with MetaTrader is that it is offered for free by your broker.
However, TradingView is a front-end platform that requires a backend system to execute orders, which MetaTrader provides. MetaTrader's outdated user interface  is another drawback to consider. Some find it less intuitive compared to modern platforms like TradingView. In forex affiliate traffic terms of appearance, TradingView offers an intuitive, modern, and futuristic user interface.

He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Just because MT5 is a secure platform doesn’t mean that your MT5 broker is reputable or regulated. Check out our Trust Score page to learn more about regulation, and read my educational series about forex scams to learn more about the most common scams (and how to avoid them).
Whereas MT4 mostly inclined toward forex trading, MT5 caters to all kinds of financial instruments, including equities, commodities, and futures. Then there is TradingView, which is also a very popular platform used by traders globally. The biggest difference between TradingView and MT4 is that MT4 offers traders both trading and analytical opportunities, while TradingView was created specifically for market analysis. Another very important difference between these two is that TradingView is a purely web-based charting tool, which can be used directly in your web browser. While MT4 has a web-based interface, it is mainly used through downloaded standalone applications that run on your phone or computer. MT5 supports a wide range of asset classes, including forex, stocks, CFDs, and futures, making it ideal for forex traders looking for advanced analysis tools.

TradingView’s charting is intuitive and visually appealing, offering more customization options than MT5. However, its backtesting tools are not as advanced, limiting the platform for traders focused on algorithmic strategy testing. TradingView’s subscription-based model offers different levels of access to features such as multiple charts per screen, additional indicators, and more historical data.
The basic version is free and includes access to most charting tools and features. However, advanced features such as more than one chart per layout, additional indicators, and priority customer support are only available through paid subscriptions. These subscriptions range from the Pro plan to the Premium plan, with each tier offering increasingly advanced features and tools. TradingView bests MetaTrader 4 with its charting package and social trading community.
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.

Charting tools  are essential for any trader who wants to perform technical analysis and identify trading opportunities. Both MT4 and Tradingview offer a variety of charting options and technical indicators that can help you analyze the price movements and trends of different assets. MetaTrader 5 is renowned for its versatile market access, supporting trading in forex, stocks, commodities, and indices. This makes it an ideal platform for traders who want to diversify their portfolios while maintaining the same level of automation across all asset classes.
In contrast, TradingView is more focused on charting and analysis rather than automation. Although it supports strategy creation through Pine Script, the lack of native automated trading tools makes it less suited for traders looking to fully automate their strategies. TradingView excels in user experience, offering an intuitive, web-based platform that is fully customizable. Users can easily drag and drop elements, adjust timeframes, and access a vast library of indicators. Unlike MetaTrader and cTrader, TradingView is built for both beginners and advanced traders, ensuring a seamless experience for all.

For a more detailed explanation of how they compare with charting, watch this video. For a more detailed explanation  of the programming language difference, watch this video. For a more detailed explanation of the brokers & symbols, watch this video. Experienced in helping Knowledge Brokers to extract their knowledge and effectively convey their passion and experience.
That said, TradingView has a more appealing design to most users than MetaTrader 4. This is partially due to the significant gap between both platforms’ release dates and the update frequency. You’ll learn the subtle and noticeable distinctions to help make the perfect choice tailored to your trading goals.
Technically, it's still possible to integrate TradingView with MetaTrader through a third-party technology stack, but brokers must first obtain approval from MetaQuotes before proceeding. One broker quoted by Finance Magnates explained that any trading apps not using MetaQuotes' API cannot be connected to MetaTrader, as such third-party connections would violate their contract. It's unclear when MetaQuotes enforced this restriction, though industry insiders suggest it began last year. The highest plan is the premium plan that goes for $59.95 a month, and it is a complete package that contains all the features that the program has to offer. TradingView is more flexible, and you can go several years into the past to see how a particular currency or pairing has been doing historically. You can specify any timeframe you want, such as a 9-hour, 9-day, or 9-year timeframe chart.

Developed by MetaQuotes Software, it allows traders to execute orders, analyze markets, and automate trading strategies. Unlike TradingView, which is cloud-based, MetaTrader is a downloadable desktop application. It also supports trading in forex, commodities, indices, and cryptocurrencies but is best known for its robust automated trading capabilities through Expert Advisors (EAs).