Finviz vs. MT4 – A Detailed Comparison
Discover our detailed comparison of Finviz 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 Finviz and MT4 across the internet and compiled it all in this article.
Overview of Finviz
Finviz is a great charting and fundamental analysis software primarily designed for stocks, but it does offer some features for crypto, futures, and forex. You can view charts, analyst price targets, and useful fundamental data quickly for most tickers.
✓ Pricing: $24-$40/month
✓ Excellent screeners
✓ Fundamental analysis tools
Finviz is Best For
Finviz is best for swing traders who want a free charting platform and an easy way to view key fundamental data and analyst price targets. The platform has cool features like auto-trendlines and indicators to help you quickly analyze good trading and investing opportunities. Finviz Elite is great for day traders who want intraday data, but keep in mind TradingView includes nearly real-time intra-day data for free on most tickers.
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.
✓ Integrates with various brokers
✓ Comprehensive analytical tools
✓ Algo trading features
MT4 is 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.
Key Characteristics of Finviz and MT4
| Platform | Platform Type | Tradeable Assets | Charting Features | Data | Premium Pricing |
|---|---|---|---|---|---|
| Finviz | Charting and Screening Software | Not a broker, but you can chart stocks, ETFs, futures, crypto, and forex | Provides web-based charting tools for stocks, futures, crypto, and forex, including technical indicators and interactive charts | Daily, weekly, and monthly time frames are free, but you must purchase Finviz Elite for intra-day data | $24-$40 per month |
| MT4 | Charting and Trading Software | Not a broker | Free charting platform | Depends on broker | Free, just connect a broker |
Trading Features and Tools
| Platform | DRIP | Margin Trading | Insurance | Mobile App |
|---|---|---|---|---|
| Finviz | Not a broker | Not a broker | Not a broker | No |
| MT4 | Not a broker | Not a broker | Not a broker | Yes |
Trading Costs and Commissions Compared
| Fee Type | Finviz | MT4 |
|---|---|---|
| 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 |
Finviz vs MT4 – Bottom Line
Choosing between Finviz 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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- Advanced Charts
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