MT4 vs. TrendSpider – A Detailed Comparison
Discover our detailed comparison of MT4 and TrendSpider 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 TrendSpider across the internet and compiled it all in this article.
- Pricing: $74-$149/month
- 16 charts per layout
- Real-time data included
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.
Overview of TrendSpider
TrendSpider is an advanced charting platform where you can track all markets with real-time data. It offers automated technical analysis featires, several indicators, raindrop charts, volume profile, and more.
✓ Pricing: $74-$149/month
✓ 16 charts per layout
✓ Real-time data included
TrendSpider is Best For
TrendSpider is best for those who want a premium charting service and don’t mind paying a bit more than TradingView. It is especially good for those who rely heavily on technical analysis and want access to advanced indicators like the volume profile plus automated analysis.
Key Characteristics of MT4 and TrendSpider
| Platform | Platform Type | Tradeable Assets | Charting Features | Data | Premium Pricing |
|---|---|---|---|---|---|
| MT4 | Charting and Trading Software | Not a broker | Free charting platform | Depends on broker | Free, just connect a broker |
| TrendSpider | Charting Software | Not a broker, but you can chart stocks, ETFs, futures, crypto, and forex | Advanced web-based and mobile charting platform | Real-time data included in subscription price | $74-$149 per month |
Trading Features and Tools
| Platform | DRIP | Margin Trading | Insurance | Mobile App |
|---|---|---|---|---|
| MT4 | Not a broker | Not a broker | Not a broker | Yes |
| TrendSpider | Not a broker | Not a broker | Not a broker | Yes |
Trading Costs and Commissions Compared
| Fee Type | MT4 | TrendSpider |
|---|---|---|
| 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 TrendSpider – Bottom Line
Choosing between MT4 and TrendSpider 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
- Track all Markets
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