Alternatives to MetaTrader 4 (MT4) & MetaTrader 5 (MT5)

Updated October 4, 2022 GuidesTrending

MetaTrader’s removal from App Store: What Happened? 

Having been around for more than a decade, the MetaTrader platform has rocketed in popularity, becoming the top choice for online traders as well as industry stakeholders. However, as of 23rd September 2022, Apple has pulled MetaTrader 4 (MT4) and MetaTrader 5 (MT5) from the App Store.  

MetaQuotes, the company behind MT4 and MT5, received news from Apple stating that the applications do not comply with the App Store’s reviewed guidelines. Details regarding the case have yet to be confirmed by MetaQuotes [1].  

However, the desktop version of MT4 and MT5 still remain available, while Android users can rest assured knowing that the Google Play Store versions have not been affected. 

MT4 and MT5 Alternatives 

With no resolution in sight for now, traders may wish to explore other alternatives. Here are three in-house options for you to consider. 

1. Vantage WebTrader  

Unlike MT4 and MT5 which requires downloading from the App Store, Vantage WebTrader allows traders to open and close positions and conduct technical analysis without downloading any software. 

With just a stable internet connection and a reliable browser, traders can have the flexibility to switch from desktop to mobile easily. The Vantage WebTrader also comes with the classic tools and indicators that MT4 and MT5 offers. 

Here’s a snapshot of what the WebTrader looks like on the Vantage platform. 

metatrader alternative

How to get the Vantage WebTrader? 

  1. Sign up for a Vantage Demo or Live account 
  2. Under the “Downloads” tab, click WebTrader 
  3. Sign in with Account Number, Password, and Server 

Learn more about the Vantage WebTrader  

2. Vantage ProTrader 

Powered by TradingView, the Vantage ProTrader offers all types of traders access to hundreds of the most popular indicators, with over 50 technical tools and a comprehensive suite of tools for in-depth market analysis that cover the most well-known trading system and strategies.  

metatrader 4 alternative

How to get the Vantage ProTrader? 

  1. Sign up for a Vantage Demo or Live Account 
  2. Click on “ProTrader Platform” tab 
  3. Login with account details  

Learn more about Vantage ProTrader 

3. Vantage App 

The Vantage App offers mobile access to 400+ tradable instruments including forex, CFDs on commodities, indices, and shares. You can open an account, manage your funds by making deposits and withdrawals and access a feature-packed trading platform through the Vantage app. 

Equipped with features such as order management, customised watchlists, alerts, social trading and more, the Vantage App provides an enhanced trading experience. Before opening a live trading account, traders may try out a demo account via the Vantage App. With Vantage, global markets are now accessible at your fingertips. 

Here’s what the Vantage App looks like on the Google Play Store. 

mt5 alternative
mt4 alternative

How to get the Vantage App? 

  1. Sign up for a Vantage Demo or Live account 
  2. Download the Vantage App on the App Store (IOS) or Play Store (Android) 
  3. Log in to the Vantage App 

 Learn more about the Vantage App 

Reference

  1. “Apple Removes A Trading App Linked To Crypto Scams From The App Store” . https://www.forbes.com/sites/cyrusfarivar/2022/09/26/apple-removes-metatrader-crypto-pig-butchering-scams/?sh=461886ec2e31  . Accessed 4 Oct 2022

Disclaimer
Vantage does not represent or warrant that the material provided here is accurate, current, or complete, and therefore should not be relied upon as such. The information provided here, whether from a third party or not, is not to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any financial instruments; or to participate in any specific trading strategy. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. We advise any readers of this content to seek their own advice. Past performance is not an indication of future results whereas reference to examples and/or charts is solely made for illustration and/or educational purposes. Without the approval of Vantage, reproduction or redistribution of this information is not permitted.

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