MetaQuotes - 55 Competitors and alternatives in May 2024 - Tracxn (2024)

FAQs

Is MetaQuotes a Russian company? ›

Other attributes. MetaQuotes Software is a Russian software company specializing in the development of software for foreign exchange trading. MetaQuotes main product is the MetaTrader family of online trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Its interface is intuitive and easy to use. It's fairly simple to place a trade in both MT4 and MT5. But as a new trader, you may not be as familiar with the different trading tools available in MetaTrader 5. When it comes down to it, your success will depend on your strategy, not the platform.

Customizability and security, simplicity of use, graphical capabilities, and high performance are all aspects of MetaTrader 4. Many traders wonder if MetaTrader 4 is trustworthy and lawful. Yes, the MT4 WebTrader trading platform is legitimate.

Over the past few months, MetaQuotes has tightened its grip on licensing policies, particularly impacting those operating with Grey Labels – brokers who share their platforms with other companies. This shift culminated in a major policy change in October 2022, with MetaQuotes discontinuing their White Label offerings.

Who is the founder of MetaQuotes Software? Renat Fatkhullin is the founder of MetaQuotes Software.

The two MetaTrader apps were banned on Apple's App Store in 2022 for their alleged use by fraudsters targeting the US citizens and residents.

Recently, the much-appreciated trading platforms all over the world, MT4 and MT5, have been banned in India. This is a major shock for traders. The Indian government made this decision unexpectedly. It is believed that this happened because these platforms are not registered in India and thus operate illegally.

MetaQuotes founded in Russia in 2000, released MetaTrader 4 (MT4) in 2005, and soon became the predominant trading platform in use by FX Retail brokers and their clients worldwide.

While MT5 itself is not a scam, it's essential to recognize that for a secure experience, one must know about any potential scams and fraudulent behaviour they may encounter when using the platform.

Meta Trader 4 and Meta Trader 5 apps were likely removed from the Play Store due to policy violations or compliance issues with Google's guidelines. This could involve concerns over security, privacy, or other regulatory matters.

How much money do you need to start trading on MT5? ›

Is there a minimum deposit to trade on MetaTrader 5? Yes, the minimum deposit is $100. We'd always recommend making sure you have more than the minimum available, to afford you more flexibility with your strategy. Start trading on MT5 by opening an account, or practice first using virtual funds with an MT5 demo.

MetaTrader is an electronic trading software created by MetaQuotes Software Corp. for online trading in Forex, CFD, equities, futures, and options.

Yes, you can. With MetaTrader 4 you have the option to set buy and sell limits in the 'orders' window. They are presented as the 'stop loss' and 'take profit' options. How do I set price alerts with MetaTrader 4?

While exhaustive in its offerings, the latter comes with a hefty price tag of $100,000 for each MT4 license, often making it prohibitive for startups or SMEs.

Other important factors to consider when researching alternatives to MeTA include reliability and ease of use. The best overall MeTA alternative is Google Cloud Translation API. Other similar apps like MeTA are Tune AI, Google Cloud Natural Language API, Amazon Comprehend, and Afforai.

The stock underperformed when compared to some of its competitors Friday, as Apple Inc. AAPL, +0.50% rose 0.50% to $192.25, Microsoft Corp. MSFT, +0.11% rose 0.11% to $415.13, and Alphabet Inc. Cl C GOOG, +0.23% rose 0.23% to $173.96.