Why eToro doesn’t offer the MT4 platform
What is MT4?
Meta Trader 4 is a financial trading platform that is commonly used by foreign exchange brokers to provide traders with access to the online trading marketplace from their computers.
While the MT4 platform is anything if not comprehensive in the array of tools it offers to its users, here at eToro we see it as a representative of the old traditional financial trading industry as opposed to eToro’s disruptive socially oriented approach to the global markets.
eToro’s objective in founding the world’s first and largest social investment network is to simplify the way investors access the markets and open them up to ordinary people who just want to take control of their capital and pursue their financial goals.
We do so by eliminating the need for over-complex charts and indicators and presenting a social trading alternative – the eToro OpenBook. We replace price charts with trader performance charts, indicators with portfolio statistics, and trading signals with our Social Alerts mobile app, as part of our focus on crowd generated data as opposed to the traditional algorithm generated data.
Having said that, our WebTrader platform still provides all the manual trading tools that investors require for opening manual positions as well as Copy Trading positions. The online WebTrader platform comes complete with a charting suite (which includes a wide array of technical indicators), movable stops, orders, price alerts, economic news and calendar, and much more.
Our Mobile Trader app for Andorid and iOS, brings the WebTrader and all its core functions to the mobile environment, enabling you to trade on the go and manage your portfolio – anywhere, any time.