What are Some Alternatives to MT4 / MT5?

Now that MetaTrader 4 and MetaTrader 5 are no longer available in the iPhone store, many traders and brokers alike are seeking alternatives to MetaQuotes software. The recent changes by the Apple Store to ban MT4/MT5 has now drawn the attention of many software providers.

FDCTech – The Most Cost Effective MT4/MT5 Alternative

Having reviewed many platforms, we believe that FDCTech provides the best alternative to MetaTrader 4 and MetaTrader 5. Their flagship trading platform, known as Condor, has taken the market by storm due to its ease of use, robust back office, and cost effectiveness. Finally, FDCTech is the only provider we know of that can fully support prop trading.

Why Consider FDCTech as an Alternative to MetaTrader 4 / MetaTrader 5?

First, the Condor system allows brokers to fully customize the business from top to bottom. Unlike MT4/MT5, the front end can be completely changed to reflect a trading platform fully unique in the market place. This is a major advantage for brokers interested in promoting their own branding.

Secondly, the Condor system does not allow EAs or algos. While this initially may be viewed as a drawback, ask any broker and they will tell you that algos cause too many headaches. Most amateur MT4/MT5 traders run EAs which attempt to arbitrage pricing or take advantage of other system inefficiencies, in essence these are not trading strategies but ways to cheat a broker out of money.

Finally, the Condor system is cost effective and supports the growing prop trading market. Whether it is a traditional broker or prop trading, FDCTech is the ideal technology provider for the FX & CFD industry.

Guidance in Selecting Alternatives to MT4/MT5

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