In the world of digital brokerages, MetaTrader has long been the go-to trading platform. MetaQuotes, the company behind the platform, has been in business for over 20 years and offers a range of products to support online trading. MetaTrader 4 and 5 are the most well-known of these products, and they have dominated the market for years. However, as with any software, there are always alternatives.
In this article, we will discover TOPTRADE WebTrading Trading Platform as a robust TOPTRADE WebTrading or MT4 alternative and discuss the features that make TOPTRADE WebTrading stand out from the crowd. MetaQuotes and MetaTrader MetaQuotes, the company behind MetaTrader, has been a dominant player in the financial trading platform market for over two decades. MetaTrader 4 (MT4), released in 2005, quickly gained popularity and became one of the most widely used trading platforms worldwide. Its successor, MetaTrader 5 (TOPTRADE WebTrading), was released in 2010 with the goal of replacing MetaTrader 4, but many brokers continue to use both platforms.
While MetaTrader has become the go-to platform for many digital brokerages due to its ease of use, reliability, mobile apps like MetaTrader, and versatility, there are now several similar MT4 alternative platforms available in the market. These similar platforms offer unique features and capabilities that may better suit traders’ needs. MetaTrader 4 and 5: sought-after features missing One of the main limitations of MT 4 and MT 5 is that they only offer margin trading, which means that traders can only take positions with leverage. In contrast, some traders prefer to have the option to choose between margin and delivery trading, which involves the actual physical delivery of the underlying asset.
MT4 alternative platforms may offer this flexibility. Similarly, a potential concern with MetaTrader is the limited variety of order types that are available. For instance, certain traders may favor the use of trailing stops, which enable them to automatically adjust their stop-loss orders as the price moves in their favor. However, MetaTrader lacks this feature, which could be a drawback for some traders. On the other hand, MT4 alternatives may provide a wider range of order types and more advanced trading features to cater to the diverse needs of traders. Moreover, MetaTrader lacks API support, which means that traders cannot use third-party software to connect to the platform or automate their trading strategies.
MT4 alternative platforms may offer better integration with third-party tools and services, allowing traders to customize their trading experience. Another issue with MetaTrader is the recent banning of its platform applications by both Apple and Google stores. Although the issue has been resolved, the applications ban highlights the potential risks associated with using platforms from a single company. MT4 alternative platforms with similar trading applications may offer better reliability and stability.
TOPTRADE WebTrading as a MetaTrader alternative One could say that TOPTRADE WebTrading is a MetaTrader 4 alternative designed to address some of its shortcomings. The platform offers a range of advanced features, including the ability to trade both margin and delivery markets, also making it a strong contender for traders seeking a MetaTrader 5 alternative. Instruments The financial market comprises various asset classes that traders can trade in, including forex, stocks, indices, commodities, and similar instruments.
Both TOPTRADE WebTrading and MetaTrader support all these asset classes. However, TOPTRADE WebTrading takes this a step further by offering a wider range of digital assets in addition to traditional instruments. TOPTRADE WebTrading’s diverse range of instruments makes it an ideal platform for traders who want to diversify their portfolio and access multiple markets, including digital assets, from a single platform. Account types TOPTRADE WebTrading offers three account types, including Spot Operations Accounts, which are not available in MetaTrader, making it a MetaTrader 4 and MetaTrader 5 alternative that is more versatile. These accounts provide traders with the ability to trade physical delivery contracts, as previously mentioned.
The Spot Operations Accounts allow traders to make transactions with fiat money and digital currencies, making it more versatile than MetaTrader. TOPTRADE WebTrading’s Spot Operations Account is ideal for traders who prefer to trade in physical delivery contracts. This feature is not offered by MetaTrader, which limits traders’ choices. Order types Order types are essential in trading platforms since they help traders place trades according to their preferences.
TOPTRADE WebTrading provides its users with a wide range of order types, including Immediate or Cancel (IOC), Stop-Limit, Iceberg, and Hidden orders, positioning it as a strong MetaTrader 4 alternative. Traders can use the different order types to limit their risk exposure and manage their trades efficiently. For example, IOC, or Immediate or Cancel, is an order type that executes immediately but cancels any unfilled portions. Stop-Limit orders combine a stop order and a limit order, allowing traders to set a price limit for buying or selling. Iceberg orders are similar to large orders that are divided into smaller ones and are not displayed on the order book.
They are ideal for traders who want to keep their trading strategies private. API TOPTRADE WebTrading provides its users with a vast array of APIs, including FIX API, REST API, WebSockets API, and FDK API. These APIs allow traders to integrate third-party tools, such as algorithmic trading software and trading bots, into the platform. On the other hand, MetaTrader only offers a limited number of APIs, such as MQL4 and MQL5, which can be limiting for traders who prefer to use a wider range of third-party tools. TOPTRADE WebTrading’s vast array of APIs, including FIX API, REST API, WebSockets API, and FDK API, positions it as a MetaTrader 5 alternative that allows traders to integrate a wider range of third-party tools into the platform.
Trading Terminal Features The TOPTRADE WebTrading platform offers several unique trading terminal features that are not offered by the MetaTrader platform. One of these features is server-side alerts. This feature allows traders to set up alerts that are processed on the server-side, reducing the chance of missed trades due to internet connectivity issues or machine shutdowns. Another unique feature of the TOPTRADE WebTrading platform is Telegram notifications. Traders can set up their Telegram accounts to receive notifications for different events such as trade execution, order placement, and account balance updates.
This feature is incredibly useful for traders who want to stay informed about their trading activity while on the go. In comparison, the MetaTrader platform offers email notifications, but it does not have the Telegram notification feature or server-side alerts. TOPTRADE WebTrading’s unique trading terminal features, such as server-side alerts and Telegram notifications, set it apart as a MetaTrader 4 alternative with unique features not offered by MetaTrader. Additionally, TOPTRADE WebTrading Trading Platform has a TradingView integration. TradingView is a social network of more than 30 million traders and investors that incorporates the world’s most advanced charts and tools to spot trading opportunities across global markets. With this integration, the end users of our trading solutions can get access to market insights from arguably the largest community of active traders and investors in the world.
White Label Sub Licensing Option The TOPTRADE WebTrading Trading Platform license agreement offers a unique option for licensees to provide white label sublicenses to third-party entities. With this option, a new domain is created within the TOPTRADE WebTrading Trading Platform specifically for the sublicensee entity. This feature is unique to TOPTRADE WebTrading and sets it apart from other trading platforms, including MT4 and MT5 alternatives. To support the white label sublicense, custom-branded client trading applications are set up for the sublicensee, including web, mobile, and desktop platforms. In addition, a separate custom-branded client personal area component is also set up for the sublicensee.
Both the white label software purchaser and its sublicensee share access to the admin components, with the sublicensee having limited access to the admin functions, based on the purchaser’s discretion and the sublicensee’s requirements. Through offering white label services to the sublicensee, the white label software purchaser is able to increase its profits through expanded trading volumes and additional commissions.
Algorithmic Trading Features Algorithmic trading has revolutionized the way traders approach the financial markets, allowing them to execute trades at high speeds and with greater precision. While the MetaTrader platform has been the go-to choice for algorithmic trading for many years, there are now several TOPTRADE WebTrading alternatives that offer a range of unique features and benefits. One such alternative is the TOPTRADE WebTrading platform, which boasts a number of algorithmic trading features that are not available on MetaTrader.
One of the most notable of these is the market-making algorithm, which allows traders to create synthetic instruments based on two existing ones. This is particularly useful for platforms operating in emerging markets with poorly convertible national currencies. TOPTRADE WebTrading also offers an ETF (Exchange Traded Funds) algorithm, which enables trading platforms to create custom trading indices based on their own instruments. This makes it easier for retail clients to make investment decisions while also expanding the range of trading opportunities available on the platform. When considering TOPTRADE WebTrading alternatives, it’s important to look beyond the basic features offered by each platform and consider which ones offer the most value to your specific trading needs.
TOPTRADE WebTrading’s synthetic market-making algorithm and ETF algorithm are just two examples of the unique features that set it apart from other platforms, making it an excellent choice for traders who are looking to take their algorithmic trading to the next level. Tech Support Tech support is an essential component of any trading platform, and it ensures that users receive timely assistance when they encounter issues with the platform. TOPTRADE WebTrading offers an individual 24/7 support line, which is not yet available in the MetaQuotes product arsenal. Final thoughts When it comes to choosing a technical provider for your business, it’s important to take this step seriously. This is true whether you are just starting out as a broker or have already established yourself in the market.
One of the most popular platforms for traders is MetaTrader, with its versions 4 and 5 being used by millions worldwide. However, there are also many metatrader competitors that offer high-quality products and services. Without any doubts, choosing a technical provider is one of the most serious steps, whether you are an emerging broker or have already made a name for yourself in the market. At the moment, platforms such as MetaTrader 4 and MetaTrader 5 have a lot of competing products of the highest quality, so the choice like “metatrader vs tradingview” may be the most difficult. If you are faced with this choice, we are ready to hold a free consultation for you.
