MT4 vs. Vanguard – A Detailed Comparison

Mike

Updated July 26, 2024
Disclosure

Discover our detailed comparison of MT4 and Vanguard 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 Vanguard across the internet and compiled it all in this article.

Key Characteristics of MT4 and Vanguard

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
Vanguard Learn More	Brokerage Platform	Stocks, ETFs, Mutual Funds, Options, Bonds	Price history for Vanguard funds	Real-time data with funded account	No premium 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.

Overview of Vanguard

Vanguard was founded by the legendary investor John Bogle. Bogle is also credited with creating the first retail index fund, providing retail investors with a low-cost vehicle to invest in the broader stock market. Vanguard is known for offering low-cost mutual funds and ETFs with trillions of AUM.

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 Vanguard Best For?

Vanguard is best for long-term investors who want a low-cost set-it-and-forget-it investing approach. It is not great for active traders due to its lack of charting and trading tools. While Vanguard is an excellent and well-established brokerage, it is somewhat dated and not suitable for those who want a lot of control over their investments.

Trading Features and Tools

Provider	DRIP	Margin Trading	Insurance	Mobile App
MT4 Visit Site	Not a broker	Not a broker	Not a broker	Yes
Vanguard Learn More	Yes, no fees	Yes	SIPC Insured	Yes

Trading Costs and Commissions Compared

Fee Type	MT4 Visit Site	Vanguard Learn More
Equity Commission	Not a broker	Free
Option Commission	Not a broker	$0 + $1-per-contract fee
Futures Commission	Not a broker	No futures
Futures Options Commission	Not a broker	No futures options
Option Exercise Fee	Not a broker	None

MT4 vs Vanguard – Bottom Line

Choosing between MT4 and Vanguard 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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