MT4 vs ProRealTime: what are the differences?
Compare top third-party trading softwares to use on the UK’s leading spread betting and CFD provider.1 Explore what the differences are between using MetaTrader 4 vs ProRealTime when trading with us.
What is MT4?
MetaTrader 4 (MT4) is an automated third-party, algorithmic trading platform that enables you to trade thousands of markets through spread betting and CFD trading. The platform, which can be tailor-made to your trading needs and preferences, enables you to automatically set parameters for your trade using algorithms.
What is ProRealTime?
ProRealTime (PRT) is an intuitive online charting software you can use for technical analysis and trading. If you’re a skilled trader, this software that’s integrated on our order server (where trades placed from PRT are executed), will give you a fully customised interface as well as automated advanced technical analysis and trading experience. We’re the only UK spread betting and CFD trading provider that offers ProRealTime.
MT4 vs ProRealTime: pros and cons
There are several pros and cons of trading via MT4 vs ProRealTime, which have been summarised below.
How to start trading with MT4 and ProRealTime
When trading with us, you’ll have access to charts for trade and analysis using MT4 and ProRealtime software. You can follow the steps below to learn how to start trading using either.
Start trading on MT4
Start trading on ProRealTime
Is MT4 free?
You can download and access an MT4 account on our trading platform for free.
Is ProRealTime free?
ProRealTime is free if you trade spread bets and CFDs at least four times a month. If you trade less frequent than that you’ll have to pay a £30 fee per month.
Is MT4 good for beginners?
MT4 is good for you if you’re a beginner trader. But if you’re not a confident trader then you might want to first try the MT4 demo account, which’ll enable you to trade real market conditions using virtual funds in a risk-free environment.
But note that once you open an MT4 live account and start trading, you’ll be subject to slippage, interest and dividend adjustments, or out-of-hours price movements. Ensure you manage your risks carefully.
Is ProRealTime good for beginners?
If you’re a beginner trader, you can open a ProRealTime demo account. ProRealTime is for experienced traders that prefer to use advanced technical analysis, and want to use an automated and customised interface for their trading.
While the demo account has key differences to the ProRealTime live account, it’ll provide you with an idea of how the platform works in a risk-free setting.
Is Metatrader 4 or ProRealTime better?
The choice of either Metatrader 4 or ProRealTime will be based on your trading needs and preferences. You’ll have to consider the differences between the two software’s as well as weigh the pros and cons of each before you decide which one works best for the trading experience you seek.
Try these next
Discover how to trade online on our award-winning platform2
Explore what makes a platform the best beginner trading platform
Learn how to search and find the best day trading platform in the UK
1 Based on revenue (published financial statements, October 2022); for forex based on number of primary relationships with
FX traders (Investment Trends UK Leveraged Trading Report released June 2021).
2 Best platform for the active trader, best multi-platform provider and best trading app as awarded at the ADVFN International Financial Awards 2022.