Discover our detailed comparison of MT4 and Trade Ideas 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 MT4 and Trade Ideas across the internet and compiled it all in this article.
Key Characteristics of MT4 and Trade Ideas
| Provider | Platform Type | Tradeable Assets | Charting Features | Data | Premium Pricing |
|---|---|---|---|---|---|
| MT4 Visit Site | Charting and Trading Software | Not a broker | Free charting platform | Depends on broker | Free, just connect a broker |
| Trade Ideas Get 15% Off | Charting & AI Stock Scanner | Not a broker, but you can chart stocks, ETFs, futures, crypto, and forex | Advanced web-based charting platform + downloaded desktop version | Real-time data included with paid subscription plans | $89-$179 per month, get 15% off using my affiliate link |
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.
Overview of Trade Ideas
Trade Ideas is an advanced charting platform and stock screening software that provides real-time quotes, indicators, and heat maps. The dashboard seems overwhelming at first, but you can easily customize it to see only what you want, such as charting, screeners, or heatmaps. The platform is constantly scanning the stock market, and showing you which stocks are trending up, which is great for day traders.
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.
Who is Trade Ideas Best For?
Trade Ideas is best for day traders and swing traders who need a premium platform to help them track which stocks are making the biggest moves of the day. You can easily filter stocks by various metrics like daily volume %, gap %, change % from open, and many more.
Trading Features and Tools
| Provider | DRIP | Margin Trading | Insurance | Mobile App |
|---|---|---|---|---|
| MT4 Visit Site | Not a broker | Not a broker | Not a broker | Yes |
| Trade Ideas Get 15% Off | Not a broker | Not a broker | Not a broker | No |
Trading Costs and Commissions Compared
| Fee Type | MT4 Visit Site | Trade Ideas Get 15% Off |
|---|---|---|
| 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 |
MT4 vs Trade Ideas – Bottom Line
Choosing between MT4 and Trade Ideas 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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- Advanced Charts
- Real-Time Data
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If you sign up for a TradingView account using my affiliate link, you can get a 30-day free trial of its premium features plus a $15 credit toward your subscription. However, signing up for a free trial is not required, and you can use nearly all of its features with a basic free account. You can read my full review of TradingView to learn more.
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