Discover our detailed comparison of Barchart and MT4 to help determine which is best for you. Whether you’re a seasoned trader or just starting out, choosing the right platform can significantly impact your trading experience.
To make your research easier, we manually found key data for Barchart and MT4 across the internet and compiled it all in this article.
Key Characteristics of Barchart and MT4
Provider | Platform Type | Tradeable Assets | Charting Features | Data | Premium Pricing |
---|---|---|---|---|---|
Barchart Visit Site | Charting Software | Not a broker, but you can chart stocks, ETFs, futures, & forex | Downloadable desktop platform and web app with access to indicators and drawing tools for free | Use any time frame for free, but real-time data requires a paid subscription | $89-$140 per month |
MT4 Visit Site | Charting and Trading Software | Not a broker | Free charting platform | Depends on broker | Free, just connect a broker |
Overview of Barchart
Barchart is a charting platform that allows you to analyze stocks, ETFs, currencies, and futures. You get access to indicators, drawing tools, and all time frames for free, but you must pay for real-time data and other advanced features.
Overview of MT4
Meta Trader 4 (MT4) is a charting platform that is mostly used by Forex traders. You can also chart stocks and other assets depending on which broker you connect.
Who is Barchart Best For?
Barchart is best for swing traders and investors who want free access to a decent charting platform. If you are an active trader, the pricing is quite expensive for real-time data, and the charting isn’t as good as competitors like TradingView and TrendSpider.
![](https://www.financialtechwiz.com/wp-content/uploads/2024/06/barchartplatformimage.jpg)
Who is MT4 Best For?
MT4 is best for those who already have a broker tha is compatible with it. Otherwise, there are much better charting platforms like TradingView or TrendSpider.
![](https://www.financialtechwiz.com/wp-content/uploads/2024/06/mt4platformimage.jpg)
Trading Features and Tools
Provider | DRIP | Margin Trading | Insurance | Mobile App |
---|---|---|---|---|
Barchart Visit Site | Not a broker | Not a broker | Not a broker | Yes |
MT4 Visit Site | Not a broker | Not a broker | Not a broker | Yes |
Trading Costs and Commissions Compared
Fee Type | Barchart Visit Site | MT4 Visit Site |
---|---|---|
Equity Commission | Not a broker | Not a broker |
Option Commission | Not a broker | Not a broker |
Futures Commission | Not a broker | Not a broker |
Futures Options Commission | Not a broker | Not a broker |
Option Exercise Fee | Not a broker | Not a broker |
Barchart vs MT4 – Bottom Line
Choosing between Barchart and MT4 depends on your specific trading needs, preferred trading tools, and the type of assets you’re interested in.
Both platforms offer distinct advantages, but by considering the detailed comparison above, you can select the one that aligns best with your trading strategy and goals.
For more detailed reviews and comparisons, continue exploring our other articles on brokerage platform comparisons.
What is the Overall Best Charting Software?
I have reviewed and used nearly every trading platform available, and I believe that TradingView is the best overall charting software available. Here are some reasons why:
- All of TradingView’s key features are free to use
- TradingView provides real-time data for free whenever possible
- You are not tied to a single broker and can use whichever you want while charting on TradingView
- You can track all markets on a single platform, including stocks, ETFs, crypto, forex, and futures.
- TradingView has an excellent economic calendar and various screeners
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