TickTrader Trading Platform as a MetaTrader Alternative
- MetaQuotes and MetaTrader
- MetaTrader 4 and 5: sought-after features missing
- TickTrader as a MetaTrader alternative
- Comparison with other popular platforms
- Comparison table: TickTrader, MetaTrader platforms and MetaTrader competitors
- Final thoughts
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 TickTrader Trading Platform as a robust MT5 or MT4 alternative and discuss the features that make TickTrader 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 (MT5), 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.
TickTrader as a MetaTrader alternative
One could say that TickTrader 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.
The financial market comprises various asset classes that traders can trade in, including forex, stocks, indices, commodities, and similar instruments. Both TickTrader and MetaTrader support all these asset classes. However, TickTrader takes this a step further by offering a wider range of digital assets in addition to traditional instruments. TickTrader'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.
TickTrader 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.
TickTrader'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 are essential in trading platforms since they help traders place trades according to their preferences. TickTrader 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.
TickTrader 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.
TickTrader'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 TickTrader 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 TickTrader 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.
TickTrader'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, TickTrader 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 TickTrader 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 TickTrader Trading Platform specifically for the sublicensee entity. This feature is unique to TickTrader 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 MT5 alternatives that offer a range of unique features and benefits.
One such alternative is the TickTrader 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.
TickTrader 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 MT5 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. TickTrader'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 is an essential component of any trading platform, and it ensures that users receive timely assistance when they encounter issues with the platform. TickTrader offers an individual 24/7 support line, which is not yet available in the MetaQuotes product arsenal.
Comparison with other popular platforms
Match-Trader, a trading platform owned by Match-Trade Technologies, stands out in the Forex platforms market due to its modern in-house technology and innovative features. One of its main strengths is its use of cutting-edge Progressive Web App (PWA) technology, which allows it to be an omnichannel trading app that adapts to screen resolution. This means that traders can seamlessly switch between devices, such as web, mobile, and desktop, with all their settings synchronized in real-time, providing a consistent trading experience. As an MT4 and MT5 alternative, Match-Trader offers traders a robust and user-friendly platform with advanced tools and features for efficient trading in the financial markets.
- A key feature of Match-Trader, a robust MT4 and MT5 alternative, is its mobile-first approach, which provides easy and fast access to the platform on mobile devices through apps similar to MetaTrader. The platform can be branded with the broker's logo and downloaded from app stores or the website, functioning like a native app without taking up storage space. This ensures smooth performance regardless of the device used, offering traders convenience and flexibility in their trading activities.
- Match-Trader's intuitive and trader-centered design also enhances the overall trading experience. The platform provides easy access to essential trading information, including current market events, top movers, and the option for automatic trading. It also offers comprehensive information on funds when opening a position, empowering traders with the tools they need for successful trading with this MT4 and MT5 alternative platform.
- Another notable feature of Match-Trader, an MT4 and MT5 alternative, is its social trading capabilities. The platform allows traders to choose between trading on their own or following other traders' strategies. Social Feed and Copy trading widgets enable easy access to signal providers within the platform, eliminating the need to leave the platform to follow money managers' strategies or copy selected trades to automate their trading.
In conclusion, Match-Trader's unique features, such as its use of PWA technology, mobile-first approach with apps like MT4, trader-centered design, and social trading capabilities, make it a compelling alternative to traditional trading platforms.
cTrader is a multi-asset trading platform provided by Spotware, a leading trading software provider. cTrader is also available in both web and mobile versions and offers a range of advanced trading features.
When comparing the two platforms, TickTrader and cTrader, there are several areas where they differ:
- User Interface: TickTrader's interface is intuitive and user-friendly, making it ideal for traders of all levels. The platform has a customizable dashboard that allows traders to arrange their workspace to suit their needs. In contrast, cTrader's interface is sleek and modern, but it may be more complex and less intuitive for novice traders.
- Execution Speed: Both platforms offer fast and reliable trade execution, but TickTrader's one-click trading feature enables traders to execute trades quickly and efficiently with just one click. This feature is especially useful for scalpers and day traders who need to enter and exit positions quickly.
- Customer Support: Both platforms offer customer support, but TickTrader's support team is available 24/5 via live chat, email, and phone. cTrader's support team is available during market hours via live chat, email, and phone.
In summary, while cTrader is a popular multi-asset trading platform, it's important to consider its competitors. With its intuitive user interface, one-click trading feature, and round-the-clock customer support, TickTrader offers a strong alternative to cTrader and other metatrader competitors in the market.
ThinkTrader is a trading platform provided by ThinkMarkets, a multi-regulated forex and CFD broker. The platform is available in both web and mobile versions and offers a range of advanced trading features. However, there are some areas where TickTrader stands out.
- Robust strategy backtester allows traders to test their trading strategies on historical data to determine their effectiveness before implementing them in live trading. This feature is essential for traders who want to ensure that their strategies are profitable and effective before putting their capital at risk.
- An extensive range of advanced order strategies allows traders to execute trades automatically based on predefined conditions, such as price levels or technical indicators. These orders can be used to enter or exit positions automatically, which can be especially useful for traders who need to monitor the markets continuously and cannot execute trades manually.
- A trading alert system enables traders to receive notifications about specific events in the markets, such as price movements, technical indicator levels, and news events. These alerts can be sent via email or SMS, and they can help traders stay informed about the markets and make more informed trading decisions.
In summary, while ThinkTrader is a popular trading platform that offers many advanced trading features, it may not be the best fit for every trader. However, there are MT5 alternatives that offer a more customizable and flexible trading experience, providing traders with the tools they need to make informed trading decisions and achieve their trading goals.
Comparison table: TickTrader, MetaTrader platforms and MetaTrader competitors
|Price (for the end user)
|Forex, CFDs, Futures, Options, Stocks
|Forex, CFDs, Futures, Options, Stocks
|Forex, CFDs, Futures, Options
|Forex, CFDs, Futures, Options
|Forex, Cryptocurrency, Stocks, Futures, Options, CFDs
|Mobile Trading (Applications available)
|Yes (mobile, web and desktop apps)
|Advanced encryption, 2FA
|Advanced encryption, 2FA
|Advanced encryption, 2FA
|Advanced encryption, 2FA
|Advanced encryption, 2FA
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.