However, some brokers may offer CFDs so you can trade indices and some of the popular stocks. Thus, the markets offered are mainly currency pairs. This statement is biased because MT4 is created for Forex traders. You have access to a limited number of markets So you must adjust the settings, re-draw your charts, and plot your indicators again.

Sure you can use a laptop, but the MT4 settings on your laptop will not be the same as the one on your computer. This means if your computer crash, there goes everything along with it - and that includes all the settings you have in MT4.Īlso, if you want to trade while you’re overseas, it will be a problem because you can’t bring your computer over, right?ĭon’t tell me you can trade on your phone, I’ll smack you. The MT4 platform must be installed on your local device. You lose all your data if your system crash Now, if your trading approach requires you to use trendlines, then the MT4 platform is not something you’ll want to trade with - especially on a live account. The next moment, when you got down to the lower timeframe, the same trendline (that you’ve drawn earlier) has shifted by itself… like some voodoo magic taking place. You’ve spent hours drawing trendlines on your charts. If you’ve used MT4 long enough, you’ll realise the trendlines on your chart are as reliable as trying to withdraw your funds from a Forex broker based in Cyprus - you never know if it’s there or not. You need to re-register your account every 30 days.You have access to a limited number of markets.You lose all your data if your system crash.When I look at MT4 vs TradingView, there are a few obvious mind-boggling issues on MT4… This means if you sign up with TradingView pro, I’ll earn a referral fee. Note: This post contains affiliate links. The 5 biggest reasons why I switched to TradingView from MT4.So in today’s TradingView review, you’ll learn: After all, what’s there not to like about it… it’s free, it has many indicators, and it loads fast.īut after using it for years… I realised there are issues that won’t go away and you’ll either have to suck it up or find something else (I’ll explain later). If you have known me long enough, I’ve been a huge fan of MT4 (otherwise known as Metatrader 4). It was a long and deliberate decision between MetaTrader vs TradingView, but I’ve finally taken the plunge and switch to TradingView - and it’s the best trading decision I’ve made this year.

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