MT5 vs TradingView Choosing the Best Forex Trading Platform

Its reputation is built on stability, reliability, and an unparalleled ecosystem for automated trading. MT4 isn’t designed to be flashy; it’s designed to execute trades efficiently and run trading robots 24/7 without complaint. When you sign up with most forex trading brokers, MT4 is the default platform they will offer you, fully integrated and ready to go. TradingView excels in user experience design, offering an intuitive, modern web-based interface that works seamlessly across devices. The platform's clean design and logical workflow make it accessible to beginners while still providing advanced features for experienced traders. The social integration feels natural and enhances the overall experience.
Now let's get into more details on the features in each platform so you can understand which one would be the best one for you. But I see that as a benefit because it ensures that they will have the income to continue to improve the platform. This means that Mac and Linux users can also use the full version of TradingView. Previous versions of online pros y contras revshare charts were clunky and would often crash. What TradingView is famous for is finally creating web charts that work exceptionally well.

However, the ability to place trades from TradingView depends on broker integration, which is available with only a select list of brokers. TradingView’s paid plans unlock advanced charting tools, additional indicators, and extended historical data that aren’t available in the free version. Meanwhile, MetaTrader users typically don’t pay for  the platform itself, but might face limitations based on what their broker offers. I appreciate MT4’s comprehensive charting tools despite the less modern interface.
The choice between TradingView and MetaTrader 5 is not about which is "best," but about understanding your needs as a trader. Use TradingView to become a master analyst; use MT5 to become a master of execution. Therefore, the web version is only good for managing trades, or if you don't need custom EAs or indicators. MT4 Web runs on almost any browser, but again you cannot install custom indicators or EAs.

This makes TradingView an ideal platform for traders looking to diversify their portfolios and explore multiple markets. Modern trading platforms often cater to specific trading styles and asset classes. For instance, MetaTrader excels in algorithmic trading, while TradingView focuses on providing detailed charting features and a collaborative trading community. With the right platform, traders can improve their ability to strategise and manage their trades more efficiently. MT4 has a simple and classic design, with a menu bar, a toolbar, a market watch, a navigator, a terminal, and a chart window. You can easily access and customize the various features and functions of the platform, such as indicators, EAs, orders, history, etc.
MT5 also enables algorithmic trading via Expert Advisors (EAs), which are automated trading systems that can execute trades on behalf of users. This feature is ideal for more advanced traders looking to automate their strategies or employ high-frequency trading algorithms. TradingView also features a powerful drawing tool suite, which makes technical analysis quick and easy.
Today, advanced trading platforms like MetaTrader (MT4/MT5) and TradingView dominate the scene, offering powerful tools for technical analysis, automation, and market insights. MT5 offers advanced charting capabilities with a wide range of timeframes, drawing tools, and indicators. The platform’s backtesting and optimization tools are robust, allowing traders to test their strategies in real market conditions, including multi-currency backtesting. Both MetaTrader and TradingView offer unique advantages that cater to different aspects of modern trading. As the trading landscape evolves, these platforms continue to add new features and integrations—empowering traders to optimize their strategies and truly trade like a pro.

But what many traders come for—and why they stick around—is the community. TradingView’s social networking features allow users to publish ideas, discuss strategies, and engage with a real-time trading community. This is especially valuable for new traders looking for guidance and insights, but even seasoned professionals use it to refine their strategies and gauge market sentiment. While TradingView was released more recently, MT4, although being 15 years old, still manages to be one of the best platforms in the market. Both of these platforms have their own users and every trader has their own personal reasons on why they are using a certain platform.
Integrated with a growing set of brokers and prop firms, especially those positioning themselves as modern or trader-first. The platforms themselves MetaTrader or TradeLocker are not what you pay for directly as a trader. When comparing platforms, make sure you’re also comparing the actual instruments available through the specific broker or prop firm you’re considering. Most traders pour hours into strategies, patterns, backtests and then run everything on whatever platform is handed to them. Though newer, Tradingview is expanding its selection of trading bots.

While highly functional, it can appear complex for first-time users due to its multiple windows, dense menus, and traditional design. However, experienced traders often appreciate the efficiency of its layout, which is optimized for rapid execution and multi-chart management. The downloadable client ensures stable performance even in low-internet situations.
TradingView, on the other hand, is widely recognised for its user-friendly experience, courtesy of intuitive navigation and easily accessible features. It leverages a more simplistic design philosophy, which can greatly reduce your learning curve and potentially lead to a quicker mastery of the platform. The platform was created a long time ago and has gained popularity very quickly.
Be noted that not all of the EAs that you can buy are working properly. There are many scammers in the market and you should always do research before investing in  EAs. What’s more, you can learn to code and develop EAs yourself based on your own ideas.

It's also possible to automate TradingView through an additional service like the MetaConnector to bridge TradingView alerts and actual execution in MetaTrader. ✅ Simple syntax – Easier to learn than MQL.✅ Visual backtesting – See how strategies perform on historical data.✅ Huge script library – Thousands of free scripts shared by traders. The platform was developed years ago and has rapidly grown in popularity. As a result, the market is filled with algorithms created by traders. Some algorithm creators commercialize their works, while others make their algorithms available for free. Expert Advisors, a term used to describe the MetaTrader algorithms, are frequently used to automate trading.