What is the Difference Between TradingView and MetaTrader?

Explore the key differences between TradingView and MetaTrader. Learn about their features, ease of use, automation options, and more to decide which platform suits your trading style.

When it comes to trading platforms, two big names often come up: TradingView and MetaTrader. Both are popular among traders worldwide, but they offer different features and experiences. Let's explore the key differences to help you choose the one that suits your trading style best.

Platform Focus

• TradingView: TradingView is mainly a web-based charting platform. It focuses on providing beautiful, easy-to-use charts and social features where traders can share ideas.
• MetaTrader (MT4/MT5): MetaTrader is a downloadable software that is built mainly for executing trades. It is powerful for forex trading, automated trading with Expert Advisors (EAs), and detailed technical analysis.

Ease of Use

• TradingView: Very beginner-friendly. You can start immediately by opening it in your web browser. No downloads are needed.
• MetaTrader: Slightly more complex. You need to install the software and understand its interface, which may take a bit of time if you are new.

Charting and Tools

• TradingView: Offers advanced charting tools, a wide range of custom indicators, and drawing tools. Great for technical analysis lovers.
• MetaTrader: Also offers strong charting but with a focus on forex and CFD trading. You can add custom indicators, but it usually requires coding knowledge in MQL language.

Automation and Bots

• TradingView: You can create simple alerts and connect them to trading bots via webhook services like PineConnector or TradersPost.
• MetaTrader: Known for its powerful automated trading capabilities. You can program your own bots (EAs) directly inside the platform or buy them from a marketplace.

Assets and Markets

• TradingView: Supports stocks, forex, crypto, commodities, and more from many global exchanges.
• MetaTrader: Primarily designed for forex trading, but some brokers offer stocks, indices, and crypto CFDs through it.

Community and Social Features

• TradingView: Has a large social network of traders sharing strategies, scripts, and charts.
• MetaTrader: Focuses more on trading itself; it doesn't have strong built-in social features.

Final Thoughts

• Choose TradingView if you want a modern, flexible charting tool with social sharing features.
• Choose MetaTrader if you focus on forex trading and need strong automation options.

Need Help with Automation?

Want to automate your TradingView strategies or create a custom indicator? We are here to help! Contact our team today to start building your custom trading tools!

‍