MetaTrader 4 and ProRealTime are some of the most popular trading platforms in the world. Whether you’re new to trading or searching for the best platform to meet your needs, keep on reading for our detailed comparison of MetaTrader 4 vs ProRealTime.
ProRealTime vs Metatrader 4: which one is the best in the UK?
| ProRealTime | MetaTrader 4 | |
| 🖥️ Available Brokers | Interactive Brokers IG Markets Saxo Bank | Eightcap ActivTrades XTB IG Markets Pepperstone |
| 💰 Costs | Depends on broker | Depends on broker |
| 📈 Products | Saxo Bank – Futures, stocks, forex Interactive Brokers – Futures, stocks, forex IG – CFDs, forex | CFDs only (particularly best for forex trading) |
| 🕹️ Demo account | Yes (for 2 weeks) | Yes |
ProRealTime
ProRealTime is an online trading platform focused on market analysis that was developed by IT Finance. It’s compatible with multiple brokers, including IG and Interactive Brokers and provides complete charts, over 100 indicators and a wide toolkit of technical analysis.
As for the products you can trade, you can find stocks, futures, forex, CFD and commodities.
Additionally, it’s important to note that while ProRealTime is free, there is a fee for accessing real-time data. The free software only provides updated data at the end of the day, not in real-time.
MetaTrader 4
MetaTrader 4 is a popular forex trading platform used by many traders worldwide. It is available on Windows, Mac OS X, Linux, and iOS and Android mobile devices.
MT4 stands out for its customizable interface and is highly regarded for its analytical tools, especially for forex traders.
Moreover, MetaTrader 4 operates independently and is not exclusive to any particular broker. Similar to ProRealTime, you’ll need a brokerage account to carry out trades on the market.
Broker comparison: ProRealTime vs MetaTrader 4 in the UK
In the UK, you can access ProRealTime through three different brokers:
- IG Markets
- Interactive Brokers
- Saxo Bank
In the UK, you can access MT4 through some of the top brokers in the market. This list includes:
- Eightcap
- XTB
- ActivTrades
- IG
- Pepperstone
- AvaTrade
MetaTrader 4 vs ProRealTime: order types
| ProRealTime | MetaTrader 4 | |
| Types of orders | – Market order – Limit orders – Stop orders – Trailing stop – Market if touched | – Market orders – Limit orders – Stop orders – Stop-loss orders – Take profit orders |
ProRealTime vs MT4: summary
The best trading platform for you is the one that meets your specific needs. If you’re new to trading, you can experiment with various platforms until you find the one that suits you best.
However, it’s essential to thoroughly research and practice extensively with demo accounts before settling on a trading platform and broker. This strategy will help you become more comfortable and skilled in navigating the markets.
Here, we present a compilation of key advantages and disadvantages of the two platforms:
| 👍 ProRealTime Advantages | 👍 MetaTrader 4 Advantages |
| Available for computers, tablets, mobile phones. | Wide variety of technical indicators. |
| More than 100 technical indicators. | Can be downloaded and used for free. |
| Very intuitive tool. | Custom analysis tools. |
| 👎 ProRealTime Disadvantages | 👎 MetaTrader 4 Disadvantages |
| Must pay for real-time data. | Non-intuitive design. |
| Not many brokers to choose from (only 3 in the UK) | Non-intuitive design. |
| Demo account only available for 2 weeks | Limited asset offering (best for forex only). |
FAQ: Metatrader 4 vs ProRealTime
In general, MetaTrader 4 is more suitable for forex trading, while ProRealTime is more suitable for multi-asset trading strategies.
Yes, both with ProRealTime and MetaTrader 4 you can place trades directly from the charts.
MT4 is widely known for its cost-effectiveness. Many brokers offer the platform to their clients free of charge, so you can access and use it without incurring any additional fees or subscription costs.
On the other hand, ProRealTime typically operates on a subscription-based model, which means users must pay a fee to access its advanced features and real-time data.