There are many trading platforms, each offering unique features for different types of traders. The MT4 trading platform is one of the most widely used trading platforms. It is popular due to its advanced charting tools and automated trading features.
If you’re finding MT4 a bit challenging to use this platform, many alternatives are easy to use for new traders as compared to MT4. Platforms like eToro and Interactive Brokers also offer different benefits. I have also read all these sites to assist you in identifying the best trading platform.
Best Alternatives to MT4
Here are the alternatives to the MT4 trading platform that are easy to use for new traders.
1. Interactive Brokers LLC
Interactive Brokers is a leading online broker that provides access to multiple markets. It offers many trading features, cheap trading charges, and all-inclusive research. It’s the best platform that can be used by traders of all levels.
2. eToro
eToro is a social trading site, and it is possible to imitate the trades of other people. It is easy to use because of its user-friendly interface. eToro provides a variety of assets, such as stocks, foreign currency, and cryptocurrencies.
3. Plus500
Plus500 is a well-known CFDs broker that has a convenient platform. It provides a range of CFDs, which include stocks, commodities, and forex. Plus500 is regulated and gives a practice account.
4. XTB
XTB is a reputable broker that provides stock, forex and commodity CFDs. It is ideal for novice and intermediate traders. XTB offers high-quality education and spreads. Additionally, it provides powerful trading tools that make it easy for traders to execute strategies and analyse market trends.
5. IG
IG is a multinational CFD broker that has a broad selection of assets to trade. It provides excellent functionality to new traders and sophisticated merchants. IG is reputed to have a good reputation and education.
6. AvaTrade
AvaTrade provides different types of CFDs, such as forex and stocks. It is a regulated trading platform that has a basic platform. AvaTrade offers training materials and support on the side of the traders.
7. StoneX
StoneX is a market-making and trading company with global operations. It specialises in CFD trading of commodities, indices and forex. StoneX is perfect for retail and institutional traders.
8. FOREX.com
FOREX.com is a large CFD broker dealing in commodities and forex. It offers sophisticated charting software and research. FOREX.com is appropriate for traders who desire a multifaceted trading platform.
9. City Index
City Index provides a sound CFD and forex trading platform. It opens up to different markets, including stocks and commodities. City Index is highly managed and provides traders with learning materials.
10. Capitalcore
Capitalcore is a more recent CFD trading platform. It provides competitive spreads on commodities and forex. Capitalcore is an option that traders would find affordable and has high customer service.
Conclusion
MT4 is widely used and has unique features, but it may be difficult to use for new traders. If you find MT4 difficult, you can use eToro, Interactive Brokers, and Plus500 offer user-friendly designs, social trading features, and helpful learning resources for traders at all levels.