For many years, MetaTrader 4 and MetaTrader 5 have dominated the FX trading world as premier choices for brokerages, delivering a package of functionality and tools that suit each individual: from newbies to pros. However, with the changes in policies followed by tighter regulations recently from MetaQuotes, many are now finding the best MetaTrader alternatives and eyeing other white-label options.
In this article, we will consider some of the top alternatives to MT4/5 white-label solutions and find out their peculiar features, which give them advantageous positions over the previous ones.
Most Preferred Alternatives to MetaTrader Trading Platform
With continuous growth and evolution, some white-label solutions always come up as new contenders. Here are some noteworthy MetaTrader alternatives:
1. cTrader
cTrader is known to be the most sophisticated trading platform out there, especially for ECN accounts. This comes in first position for best MetaTrader alternatives. It boasts super-fast execution of orders and the potential to process large volumes of market data, making it a favorite not only among beginners but also among experienced traders.
One of the brightest spots on the platform is its focus on automation. The flexibility it provides to the user for trading either manually or employing trading bots and custom indicators adds to it. Besides, a vigorous ecosystem enables users to share or swap these tools easily.
You can access cTrader from desktops, mobile devices, or simply a web browser. Thus, it allows one to trade everywhere. It allows multiple API connections and has its White Label version in use by numerous top forex brokers with good names, so you know it’s reliable for delivering great service to clients.
Key Features:
- Professional Charting: With cTrader, you can get robust charting functionalities that help you take a look at the data across time frames and utilize hundreds of technical indicators to support your trading strategy.
- Algorithmic Trading: Thanks to cAlgo, now any trader can easily develop and implement automated trading strategies, therefore simplifying the procedure for actually executing one’s trading ideas without constant manual oversight.
- Transparency and Fairness: The cTrader forex trading platform offers open pricing and no-dealing-desk execution, which guarantees you transparent and fair conditions for trading.
2. DXtrade CFD
DXtrade CFD is an innovative platform and one of the best alternatives to MT4 / MT5 that is designed in a way to fulfill the needs of today’s traders. This platform is developed by Devexperts, a company with a legacy in innovation since 2002, DXtrade has a reputation for being advanced and leading technology. There are three versions for various asset classes.
The DXtrade CFD version is designed for over-the-counter markets, in particular, to trade FX and cryptocurrency CFDs. Much customization can be done to this very flexible platform that also allows branding to the broker’s taste and interface changes to be made per the needs of his clients. This platform comes with robust risk management tools, automated trading features, and a variety of order types.
The sleek, modern design of DXtrade CFD makes trading not only convenient but a joy. Integration with multiple liquidity providers is easy, providing brokers with an affordable and effective trading solution. For those who want to use an alternative to the MT5 trading platform, DXtrade is worth a try.
Key Features:
- Mobile Applications: DXtrade provides branded mobile applications for both iOS and Android, which enable traders to handle trades anywhere.
- Flexible Customization: Brokers are at liberty to configure everything from the layout of an app, trading conditions, or risk management features to their preferences.
- Free Integration: There is free integration with any liquidity provider chosen by the broker.
3. Match-Trader
Match-Trader offers everything a trader needs and this thing makes it one of the top choices for traders other than MetaTrader. The ease of use, intuitiveness, advanced charting, and detailed technical analysis combine to provide the solution. Built with modern web technology, it is light and requires only an internet connection to any device.
Match-Trader provides timely market updates and analytical tools so that traders can stay ahead. Moreover, it provides its users with a real-time feed of the most important market events that might have an impact on trading, together with a fully integrated payment gateway that makes it easier to fund an account and fully automates the work of the broker.
In addition, the availability of a white-label, fully branded application is possible in Match-Trader. It greatly helps in brand building and makes every broker outstanding. It is also seamlessly integrated with client offices and CRM systems, providing single sign-on to traders for easy management by brokers.
Key Features:
- White Label Options: Out of a myriad of branding possibilities, Match-Trader suits your needs.
- Flexible Interface: The system seamlessly fits into different devices and screen sizes.
- Unlimited Trading Instruments: Various brokerage firms can use a wide set of trading tools with markups and other settings available at their very disposal.
4. TradeLocker
TradeLocker is an all-in-one, easy-to-use, rich-in-features alternative to MetaTrader trading platform. It gives you not only regular tools like analytics and charts with quick trade execution but also further enriches your trading experience by integrating a tier-one analytics tool, TradingView.
More than this, TradeLocker is versatile with a wide array of trading products and API integrations that could cater to most brokerage firms. Its micro-lot trading option is most helpful to those who are new to trading or just looking to work with a small budget—it will let users play around with their strategies without too much capital outlay on the line.
Key Features:
- Improved charting: With the powerful analytics engine of TradingView by your side, deep dive into the market trends and execute educated decisions.
- Integration: TradeLocker seamlessly integrates with any of the current systems and is the ultra-affordable solution for brokerage and prop firms. Its API integration also smoothened out trading, making it efficient and automated.
- Diverse instruments: From stocks and derivatives to currencies, cryptocurrencies, and bonds, TradeLocker is an all-rounder for traders in several markets.
5. SIRIX
SIRIX by Leverate is a white-label platform created by one of the major tech and service providers in the trading industry, offering an intuitive interface, one-click trade execution, and complex analytics with a lot of indicators. You can opt for SIRIX as your MetaTrader alternative and access it through web, desktop, and iOS/Android apps.
SIRIX comes with over 140 brokers and a whopping $70 billion in monthly trading volume on the web, while it reaches $20 billion on mobile. More than 2,000 instruments are opened for trading by this platform and suit any type of trader, whether based on experience or style.
Among the unique features is SIRIX Social, a copy trading tool allowing users to copy the strategies of successful traders on the platform. Recently, SIRIX has introduced cryptocurrency CFDs to meet the growing interest in such digital assets.
Key Features:
- Mobile Trading: Since Sirix is web-based, it is accessible on mobile devices, hence enabling one to trade anywhere, anytime.
- Social Trading Integration: You will have a way of socializing or copying trades of popular traders, which keeps you engaged and learning from others.
- Manager User-Friendly Interface: The platform includes a contemporary intuitive dashboard for brokers and administrators.
6. XOH Trader
XOH Trader remains one of the top choices for alternatives in MetaTrader that a broker desiring advanced and customizable white-label trading platforms could make. It offers a rich set of charting tools—from readily available templates to overlay charts, not to mention customizable views. Traders may even separate and adjust charts according to taste.
It also excels in real-time market updates, insights, and trend analysis. There shall be a calendar of key financial events, thus enabling traders to keep pace with the changes in the markets. Besides, there is a live market sentiment indicator for showing the balance between long and short positions.
What sets the white-label solution provided by X Open Hub above par is that nearly everything is custom-made. Brokers will be able to brand it with their logos, and color schemes, and set default preferences. It’s integrated with educational materials, webinars, and news updates that give a better feel to the users for trading.
Key Features:
- Professional charting tools: Compared to most off-the-shelf solutions, XOH Trader provides state-of-the-art charting features.
- Market insights: Stay on top of what is going on in the marketplace and financial world with market analysis and insights to drive very well-informed decisions.
- High customizability: The platform offers a wide range of options for branding and integration of educational resources.
Conclusion
Although the MetaTrader 4/5 remains a valid solution for many traders, the different scenario is pushing brokerages toward searching for alternative options to MetaTrader. The availability of multi-platform options is useful for allowing companies to cover more customers and give a more complete offer to the client.
Due diligence on the part of the user in choosing the right white-label trading platform is necessary. See which of the options each has in terms of features, compliance capabilities, and the nearness it aligns to for business goals to concur and form a perfect fit for a brokerage’s success.