MT5 Vs. Tradingview

Choosing the right trading platform is crucial for success. With numerous options available in the market, two popular choices are MT5 and TradingView. Both platforms offer advanced features and tools for traders, but they have differences that can impact the trading experience. In this article, we will compare MT5 and TradingView, highlighting their key features, usability, pricing, and more, to help traders make an informed decision.

MT5 Overview

MetaTrader 5 (MT5) is a powerful trading platform developed by MetaQuotes Software, known for its predecessor, MetaTrader 4 (MT4). MT5 is designed for multi-asset trading, including forex, stocks, commodities, and cryptocurrencies. It offers a wide range of technical indicators, charting tools, and expert advisors, making it popular among traders worldwide.

TradingView Overview

TradingView is a web-based trading platform that provides real-time market data, technical analysis tools, and social trading features. It is known for its user-friendly interface and visual charting capabilities, making it a popular choice among traders, investors, and analysts.

Features Comparison

Both MT5 and TradingView offer a range of features, but there are key differences between the two platforms.

  • MT5 features: MT5 offers a wide range of technical indicators, charting tools, and timeframes, allowing traders to analyze the market in detail. It also supports algorithmic trading with its built-in MetaEditor and MQL5 programming language. MT5 also offers a comprehensive economic calendar, news alerts, and a mobile app for trading on the go.
  • TradingView features: TradingView offers a wide range of technical indicators, drawing tools, and chart types, making it easy to analyze the market visually. It also provides a social trading platform where traders can share ideas, strategies, and analysis. TradingView allows users to create and share custom indicators, strategies, and watchlists. It also offers a mobile app for trading on smartphones and tablets.

xBelow is a side-by-side comparison table illustrating the differences and similarities between MetaTrader 5 (MT5) and TradingView, two popular platforms used for trading and charting financial instruments:

Comparison CriteriaMT5TradingView
  • Comprehensive interface with complex features and settings, suitable for experienced traders
  • User-friendly web-based interface, easy to navigate, suitable for both novice and experienced traders
  • Free platform with limitations on certain features, premium versions with additional features available for a fee
  • Free and paid plans with varying features and price points
Charting and Analysis
  • Wide range of technical indicators, chart types, drawing tools, custom indicators, and backtesting capabilities
  • Rich set of charting tools, multiple timeframes, real-time data, custom indicators, and backtesting capabilities
Trading and Order Execution
  • Multiple order types, one-click trading, advanced order management features, depth of market (DOM) feature
  • Various order types, place orders from chart or order panel, advanced order management features, no depth of market (DOM) feature
Community and Social Trading
  • Smaller community, signal service, built-in chat feature
  • Large and active community, social network-like features, social trading feature, built-in chat feature
Mobile Trading
  • Mobile app for Android and iOS devices, real-time quotes, interactive charts, order management features, notifications and alerts
  • Mobile app for Android and iOS devices, comprehensive charting tools, technical indicators, order management features, access to saved chart layouts and strategies


Both MT5 and TradingView are popular trading platforms with their own unique features and advantages. MT5 offers a powerful trading environment with advanced technical analysis tools, automated trading capabilities, and a dedicated community of traders. On the other hand, TradingView is known for its extensive social trading features, large community, and accessibility through a web-based platform.

When it comes to choosing between MT5 and TradingView, it ultimately depends on the individual trader’s preferences, trading style, and requirements. Factors such as charting and analysis tools, trading and order execution features, community and social trading features, mobile trading capabilities, pricing, and accessibility should be considered in making an informed decision. It is recommended that traders to test out both platforms and determine which one aligns better with their trading needs and goals. Whichever platform a trader chooses, it is important to use it effectively and efficiently to make informed trading decisions and manage risks effectively in the dynamic world of online trading.