MetaTrader 4 (MT4) has long been the go-to platform for forex traders, but its outdated design and lack of modern features make it a relic in today’s fast-moving trading world. Worse yet, Mac users face compatibility issues since newer macOS versions no longer support MT4’s 32-bit architecture.
TradingView, on the other hand, delivers a superior experience—especially for Mac users—with a sleek, intuitive interface, advanced charting tools, and seamless broker integration. If you’re still on the fence, here’s why TradingView is the better choice.
TradingView vs. MT4: Quick Comparison
| Feature | TradingView | MT4 |
|—————-|————|—–|
| Charting Tools | 100+ built-in indicators, customizable scripts | Limited, outdated indicators |
| Mac Support | Native app for Intel & Apple Silicon | Requires workarounds (32-bit only) |
| Broker Integration | Connects to OANDA, Forex.com, TradeStation, and more | Limited to forex brokers |
| Instruments | Forex, stocks, crypto, futures, indices | Forex-only |
| User Interface | Modern, intuitive | Clunky, outdated |
| Alerts & Automation | Easy-to-set alerts, Pine Script for custom indicators | Basic alerts, limited customization |
| Community & Social Trading | Active trader community, shared ideas | No built-in community |
| Accessibility | Free basic plan, no mandatory broker link | Requires broker account |
1. Superior Charting Tools
Charting is the backbone of trading, and TradingView excels with over 100 built-in indicators—far more than MT4’s limited selection. Plus, users can create and share custom indicators using Pine Script, something MT4 can’t match.
Unlike MT4’s unreliable trendlines (which sometimes shift unexpectedly), TradingView’s charts remain stable and precise, ensuring your technical analysis stays accurate.
2. Real-Time Trading Without Switching Platforms
Time is money in forex trading. While MT4 lets you execute trades directly, TradingView now offers broker integration, allowing instant trades without switching apps. Connect to platforms like OANDA, Forex.com, or TradeStation and execute trades right from your charts.
3. A Modern, User-Friendly Interface
MT4 looks like it’s stuck in the Windows XP era—because it is. MetaQuotes (MT4’s developer) has stopped major updates, leaving it outdated and clunky.
TradingView, meanwhile, offers a clean, intuitive design that works flawlessly on Mac, PC, and mobile.
4. More Than Just Forex
MT4 is forex-only, but TradingView supports stocks, crypto, futures, commodities, and indices. Whether you’re a forex trader or diversifying into other markets, TradingView has you covered.
5. Better Indicators & Custom Scripts
MT4’s default indicators are basic and limited. TradingView provides advanced tools, plus the ability to code your own indicators with Pine Script—or use thousands of community-created scripts.
6. Flexible Timeframes
MT4 restricts you to 9 fixed timeframes. TradingView lets you customize charts down to the minute—analyze 9-hour, 9-day, or even 9-year trends with ease.
7. Easy-to-Set Alerts
No more staring at charts all day. TradingView’s alert system notifies you via email or pop-up when a price hits your target, perfect for swing and position traders.
8. A Thriving Trading Community
MT4 has no built-in community, but TradingView’s platform is packed with expert analysis, shared ideas, and real-time discussions. Learn from seasoned traders and refine your strategies.
9. No Mandatory Broker Link (Free to Use)
MT4 requires a broker account—even for demo access, which expires every 30 days. TradingView lets you analyze markets for free without a broker, making it ideal for beginners.
10. Reliable Support & Continuous Updates
MT4 is abandonware—no real updates, no dedicated support. TradingView is actively developed, with frequent improvements and a help center for troubleshooting.
Final Verdict: Is TradingView Better Than MT4?
For Mac users, multi-asset traders, and those who value modern tools, TradingView is the clear winner. While MT4 still has its place for forex-only algorithmic trading, TradingView’s superior charts, social features, and broker integrations make it the better choice for most traders.
Try TradingView for free and see the difference yourself!
FAQ
1. Can I use TradingView for live forex trading?
Yes, with supported brokers like OANDA and Forex.com.
2. Does MT4 support crypto or stocks?
No—MT4 is forex-only.
3. Is TradingView’s free plan enough for beginners?
Absolutely! The free version offers robust charting and paper trading.
4. Can I automate trades on TradingView?
Not natively, but tools like AutoView enable automation.
5. Why is MT4 still popular?
Legacy support for forex brokers and algorithmic trading (EAs).
About the Author
