5 Best TradingView Alternatives and Competitors

Trading platforms have come a long way in the last decade, and TradingView has emerged as one of the most popular and user-friendly platforms in the world. It has received a rating of 4.9 out of over 1 million reviews and is a great trading platform in many ways. But it’s not perfect. The platform lacks some notable features like portfolio tracking, macro dashboards, ETF mutual fund holdings, etc. So, if you’re looking for a TradingView alternative, you’re not alone.

There are probably hundreds of trading platforms on the internet, but finding the best TradingView alternatives isn’t easy, especially if you’re a busy professional. Plus, it’s not easy to try out new trading platforms as they carry financial risks. To help you find the best TradingView alternatives, we’ve put together this list. In this article, we’ll introduce you to the 5 best alternatives to TradingView.

Let’s get started.

Best TradingView Alternatives With a Detailed Comparison

TradingView is a very popular platform. It’s so popular that anyone who thinks of trading and investing in assets thinks of the TradingView platform. But it’s not just the brand image that the platform has created. It’s also the features it offers to traders and investors. And if other platforms offer similar features and benefits, they could be a worthy alternative to TradingView.

Below, you will find the 15 most important criteria we considered when selecting the 5 best TradingView alternatives.

1. Real-Time Data: Trading data mainly refers to price information and indices. When trading, the price information of the securities is updated live and tick by tick. The data offered by the trading platform must, therefore, be reliable and updated without delay. As the financial markets are dynamic and prices change quickly, the platform must be able to keep pace with them.
2. Historical Data: Historical data refers to the past data points of securities and indices. This includes prices, volumes, etc. Historical data is mainly used for backtesting and validating trading strategies. With historical data, traders can develop better strategies and make more informed decisions.
3. Variety of Assets: Trading involves different assets. A good trading platform should offer a variety of assets, e.g., stocks, forex, cryptocurrencies, futures, options, etc. A variety of assets allows traders and investors to diversify their portfolios and spread risk.
4. Technical Indicators: Technical indicators are mathematical calculations based on the price, volume, or open interest of a security or contract. These indicators help predict future price movements in the market. A good platform should offer both technical indicators and allow traders to create their own indicators.
5. Drawing Tools: Drawing tools are great for technical analysis and chart marking. These tools are useful for drawing trend lines, marking support and resistance levels, recognizing chart patterns and much more.
6. Customizability: The trading platform needs to be customizable so that you can change the layout, settings, and features to your liking. Platform customizability allows traders to have more control over the trading interface.
7. Alerts: Alerts are critical to trading. Traders can receive notifications based on price levels, technical indicator values, news events, etc.
8. Paper Trading: Paper trading means trading in counterfeit or virtual currencies. A platform that offers paper trading can help traders learn in a risk-free way. It also allows traders to stimulate and test their strategies in a risk-free way.
9. Ease of Use: The platform must be easy to use. Its interface should be user-friendly. It should be intuitive, easy to navigate, and have advanced features without being overly complex.
10. Mobile App: The platform should be available on various devices. This allows you to trade on the go.
11. Customer Support: The platform should offer excellent customer support. A responsive and knowledgeable customer support team is everything that makes a good trading app.
12. Community: A trading platform with an active community can be very beneficial. It allows traders to share insights, news, and strategies and learn from each other.
13. Pricing: The platform should offer good value for money.
14. Security: The platform should have strong security measures in place to protect user data.
15. Broker Integration: The platform should offer integration with broker platforms such as Binance, Dhan, FOREXcom, etc. With broker integration, traders can trade directly from the TradingView platform.

Top 5 TradingView Alternatives

Let us now discuss each of these platforms in detail.

MetaTrader 5 (MT5)

MetaTrader 5 is a great alternative to the TradingView platform. It is an upgrade of the MetaTrader 4 forex trading platform, which MetaQuotes developed in 2010. Unlike MT4, MT5 offers a much wider range of assets, such as stocks, commodities, cryptocurrencies, etc. The platform is accessible via desktop, website, and mobile devices.

MT5 offers a whole arsenal of advanced and exclusive features ranging from fundamental and qualitative to technical and quantitative analysis. It also offers integrated trading robots that allow users to automate their trading strategies. It also offers copy trading and virtual hosting services with a large database for strategy developers.

One of the best features of this platform is that it supports 31 languages and has a user-friendly interface. It also has the MetaQuotes Language (MQL) that allows programmers and quant enthusiasts to develop automated and algorithmic trading systems.

Some noteworthy features of MetaTrader 5 include:

• Trading shares, forex, indices, cryptocurrencies, and commodities
• Advanced Market Depth and technical indicators
• Supports pending stop order types (buy stop limit and sell stop limit)
• Advanced tools for fundamental and technical analysis
• Improved strategy tester for algorithmic trading
• Support for automated trading

eToro

eToro was founded in 2007 and is one of the leading social trading platforms. It offers trading in more than 3000 financial instruments from various investment areas such as stocks, cryptocurrencies, forex, and more. You can use the platform via a desktop, website, or mobile app.

The platform offers numerous innovative trading functions. One of the most important features is social trading, which allows you to benefit from the knowledge and wisdom of the crowd. The platform has created and maintained a vibrant social network of traders, investors, and analysts who share trading strategies and ideas via their news feeds.

It also offers a unique feature called CopyTrader, which allows traders to mimic the trading decisions and actions of other traders in real-time. To make it even more useful for consumers, the platform also offers smart portfolios that contain pre-built investment strategies. With all these features, it’s definitely a top alternative to TradingView.

Some noteworthy features of eToro include:

• 3000+ financial instruments across various assets like crypto, stocks, etc.
• Social trading network
• CopyTrader to replicate other traders’ trades
• Smart Portfolios for ready-made investment strategies
• Easy-to-use and intuitive platform.

TrendSpider

TrendSpider is one of the best-automated trading platforms and an excellent TradingView alternative. It allows you to put almost any trading action on autopilot, such as backtesting, technical analysis, chart watching, etc. TrendSpider is designed to offer automation, versatility, and a more trader-centric platform with a smooth and intuitive user interface.

The platform offers a highly customizable interface with real-time and historical data, popular chart types, drawing and annotation tools, and hundreds of indicators. TrendSpider also offers multi-frame analysis, technical charts, raindrop charts, and much more to refine your trading strategies.

The best feature of TrendSpider is the fully customizable automation engine that can perform a range of tasks and trading actions on the platform.

Some noteworthy features of TrendSpider include:

• Fully customizable real-time alerts
• Multi-chart viewing layouts
• Market scanner to identify good trading opportunities
• Fully automated analysis and execution of trading tasks and actions
• Highly customizable yet intuitive platform

Benzinga Pro

Benzinga Pro is another financial media platform that can be a great TradingView alternative. It offers real-time investment news and actionable trading ideas and strategies. It is accessible on both desktop and mobile devices.

The platform boasts numerous unique features, such as a real-time news feed, advanced news feed filters, watchlists, alert systems, stock screeners, and much more.

The platform also focuses on delivering all information without delay. It also offers numerous helpful tools for traders. It offers full access to the newsfeed, audio news, comprehensive search functions, trading ideas, customizable watch lists, exclusive comments from corporate CEOs, the ability to chat with the new desk, and much more – all in a seamless interface.

Some noteworthy features of the Benzinga Pro include:

• Access to real-time news
• Real-time alerts
• Customized price and volume signals
• Ticker Search to quickly find preferred news
• Customizable watchlist
• Audio Squawk – fast audio news broadcasting
• Chat with newsdesk

Trade Ideas

Trade Ideas is an advanced stock scanning tool and our last TradingView alternative in this list. Like TrendSpider, this platform focuses on serving users with artificial intelligence and automated features to deliver the best insights.

The platform combines real-time and historical market data in a customizable interface. It also offers automated trendline and candlestick analysis, chart-based alerts, and multi-frame analysis to help users make trading decisions and actions.

Some noteworthy features of Trade Ideas include:

• Brokerage integration that allows to trade directly from the chart
• Instant market alerts
• AI-powered trading insights
• Backtesting strategies
• Automated trading functions and actions

Wrapping Up: Which is the Best TradingView Alternative?

The best TradingView alternative ultimately depends on your needs and preferences. Choose a platform that best suits your trading style and needs. If you’re looking for an automated trading platform, TrendSpider and Trade Ideas are good choices. However, if you are interested in robotic trading systems, MetaTrader 5 is one of the best. If you’re looking for a social trading platform, eToro offers a large community and the ability to replicate other traders’ trades. Finally, Benzinga Pro is a good TradingView alternative if you’re looking for real-time investment news without delays.

FAQs about Best TradingView Alternatives

1. How much does TradingView cost?

TradingView is available as both a free and a premium package. The free version offers only limited features. The premium version is available for both non-professional and professional traders and can be tested free of charge for 30 days.

Non-professional Packages:

• Essential: $12.95/month or $155.40/year
• Plus: $24.95/month or $299.40/year
• Premium: $49.95/month or $599.40/year

Professional Packages:

• Expert: $199.95/month or $2399.40/year
• Elite: $349.95/month or $4199.40/year
• Ultimate: $499.95/month or $5999.40/year

Check TradingView’s pricing page for current prices.

2. Is eToro free?

The eToro trading platform is not free. However, it does not charge high subscription fees and commissions like other platforms. Instead, there is a trading fee and a non-trading fee that applies to every trade you make. Read this official eToro pricing document better to understand the pricing structure of the eToro platform.

3. Can I directly trade from TradingView?

Yes, you can trade directly from the TradingView platform. You just need to connect your broker or select one of the available brokers, and you are ready to trade.

4. Are there any free cryptocurrency charting platforms?

Some of the best free cryptocurrency charting platforms include:

• TradingView
• MetaTrader 4
• Insillico Terminal
• Coinigy
• Quadency
• Orion Terminal
• CryptoView