Trading platforms are the backbone of every trader’s journey. In 2024, most proprietary trading firms (prop firms) lost their licenses with MetaQotes to offer MetaTrader 5/4 in their Prop Firm but a lot of alternatives emerged and some are even offering better features than MT5/4
In this article, we’ll review the 5 Best Trading Platforms by Prop Firms. Each platform offers unique features.
What Are Trading Platforms
Trading platforms are the tools that let you buy and sell different assets from your Mobile Phone or PC. These platforms connect you to the global market, where you can see live market prices and place your trades.
These platforms must offer features:
- Order Placement
- Charts and analysis tools
- Real-time currency quotes
Trading platforms can either be offered by Prop Firms or online brokers, and you will need to open an account with a Prop Firm or a broker before you can start using them.
Top 5 Trading Platforms by Prop Firms
The best 5 trading platforms by prop firms are TradingView, MetaTrader 5, cTrader, TradeLocker, and MatchTrader. These platforms are selected based on the following criteria.
- Order Execution Speed
- Charting and Analysis Tools
- Algorithmic Trading Support
- Risk Management Features
Note that some of the platforms may not be offered by your favorite Prop Firm, but they are the best trading platforms based on this ranking.
1: TradingView
TradingView is my favorite trading platform and is widely known for its excellent charting tools and a lot of features. It has an App, PC Software, and a web-based platform that works seamlessly synchronizing your analysis across all devices, making it a top choice for remote traders.
TradingView Key Features:
- Price Alerts
- Bar Reply (For Bracketing)
- The Best Charts
- Custom Indicators
- Risk Management Tool
- Custom Trading Robots
- Synchronize Everything Across Devices (Even Analysis)
The only downside of TradingView in the Prop Firm Space is that only 1 Prom Firm offers a TradingView Integration. The only Prop Firm having TradingView Integration is Think Capital.
2: MetaTrader 5
MetaTrader 5 (MT5) is the industry standard for many prop firms and online brokers because of its multi-asset support and speed. It is a powerful platform that caters to both manual and automated trading.
MetaTrader 5 Key Features:
- Very Fast
- Trade With EAs
- Simple Chart UI
- Custom Indicators
- Available For Mobile and Desktop
The one thing I like about Metatrader 5 above all this trading platform is its ability to be fast, the app is fast to open which is a must when trading lower time frames. The second thing is Metatrader just looks nice when you have running traders and want to take a screenshot and flex.
3: cTrader
cTrader is a safe haven for prop firms because if they don’t have MataTreader and aTradingView integration cTrader is the only better platform to offer.
cTrader Key Features:
- Custom Indicators
- Backtesting
- Available For Mobile and Desktop
cTrader is like an in-between MetaTrader 5 and TradingView. I like it because it offers mobile and desktop versions.
4: TradeLocker
TradeLocker is a modern trading platform built using TradingView Advance Charts which is why it offers almost the same features as Tradingview but is limited.
TradeLocker Key Features:
- TradingView Charts For Analysis
- Risk Management Tool
- Available on Mobile and Web
TradeLocker has the potential to be one of the best trading platforms since it uses the TradingView charts that most traders love so having the capability to trade is like trading directly from TradingView.
5: MatchTrader
MatchTrader is a flexible platform that combines simplicity with powerful tools. Its cloud-based design ensures traders can access their accounts anywhere, MatchTrader is the standard for prop firms since 90% of prop firms offer MatchTrader.
MatchTrader Key Features:
- Easy To Use
- Web-only Trading Platform
- Build in Economic Calendar
Most prop firms do offer MmatchTrader maybe because it’s cheaper to integrate. The platform is not that bad but you must have reliable fast internet and a fast device so that you won’t experience any delays.
cTrader Vs TradeLocker Vs MatchTrader Vs DXTrader
When deciding between cTrader, TradeLocker, MatchTrader, and DXTrader. cTrader is the best option based on general user feedback and platform reliability.
I have been testing this platform myself cTrader is the best option but if cTrader is not being offered TraderLocker will be the choice.
FAQ
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