Discover our detailed comparison of MT4 and Tradier 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 Tradier across the internet and compiled it all in this article.
Key Characteristics of MT4 and Tradier
| 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 |
| Tradier Sign Up Through TradingVIew | Brokerage Platform | Stocks, ETFs, Options, Index Options, Mutual Funds, Crypto | Web-based platform and integration with TradingView | Real-time data is free with an active brokerage account | $10 per month |
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 Tradier
Tradier is a brokerage platform built for active traders and allows you to get free commissions for equity and options trading with a $10 monthly subscription. You can connect Tradier with TradingView and trade directly from the charts, or you can use its advanced web-based trading platform. Tradier also offers useful features like paper trading and advanced order types which is useful for active traders. While Tradier is a great choice for trading, if you just a basic broker for investing, there are other options available like Schwab, Robinhood, and tastytrade that provide free equity commissions and DRIP features without a monthly fee.
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 Tradier Best For?
Tradier is best for traders who actively trade options and will normally spend more than $10 per month in commissions. It is also great for traders who enjoy using the TradingView platform since you can connect Tradier to your TradingView account and trade directly from the TradingView charts. You may also be able to get the $10 monthly fee waived for the first three months when you Sign Up Through TradingVIew.
Trading Features and Tools
| Provider | DRIP | Margin Trading | Insurance | Mobile App |
|---|---|---|---|---|
| MT4 Visit Site | Not a broker | Not a broker | Not a broker | Yes |
| Tradier Sign Up Through TradingVIew | No | Yes | SIPC Insured | Yes |
Trading Costs and Commissions Compared
| Fee Type | MT4 Visit Site | Tradier Sign Up Through TradingVIew |
|---|---|---|
| Equity Commission | Not a broker | $0.35 per trade with free account |
| Option Commission | Not a broker | $0.35 per contract with free account |
| Futures Commission | Not a broker | Futures are not yet supported |
| Futures Options Commission | Not a broker | Futures are not yet supported |
| Option Exercise Fee | Not a broker | $9 fee |
MT4 vs Tradier – Bottom Line
Choosing between MT4 and Tradier 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
TradingView Limited Time Offer!
Exclusive Deal: 30-Day FREE Premium Access + Bonus Credit
Don’t Miss Out – Sign up for TradingView Now!
- Advanced Charts
- Real-Time Data
- Track all Markets
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.
Related Trading Platform Comparisons
Barchart vs ETrade
Interactive Brokers vs tastytrade
Ninjatrader vs tastytrade
Tradestation vs thinkorswim
Barchart vs TC2000
