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Alternatives to MetaTrader 4 (MT4) & MetaTrader 5 (MT5)
Vantage Editorial Team >
Market Analyst
Vantage Editorial Team >
Market Analyst
Updated Mon, 2023 November 20 02:32
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TABLE OF CONTENTS
Updated Mon, 2023 November 20 02:32
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.
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. Charts by TradingView
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.
How to get the Charts by TradingView?
1. Sign up for a Vantage Demo or Live Account
2. Click on “Charts by TradingView” tab
3. Login with account details
Learn more about Charts by TradingView
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.
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 PlayStore (Android)
3. Log in to the Vantage App
Learn more about the Vantage App
References
- “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: The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research we will not seek to take any advantage before providing it to our client. No representation or warranty is given as to the accuracy or completeness of this information and therefore it shouldn’t be relied upon as such. Any research provided does not have regard to specific financial situations, needs or investment objectives. Vantage accepts no responsibility for any use that may be made of these comments and for any consequences that result. Consequently, any person acting on it does so entirely at their own risk. We advise any readers of this material to seek professional advice where necessary. Without the approval of Vantage, reproduction or redistribution of this information isn’t permitted.
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