Comparison

MetaTrader 4 vs PTrader terminal

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

MetaTrader 4

Trade currency markets and analyze quotes with real-time data and advanced charting tools. Perform trading operations, manage orders, and access financial news. Connect to hundreds of brokers for a comprehensive trading experience.

Highlights
  • Real-time currency quotes
  • Full set of trade orders
  • High-performance interactive charts
  • 30 technical indicators
  • 24 analytical objects
  • Financial news and sound notifications
  • Secure chats with other traders
Features
Read full description

Connect to hundreds of brokers and trade on currency markets from the MetaTrader 4 for iPhone or iPad! The mobile trading platform allows you to perform trading operations and analyze currency quotes using technical indicators and graphical objects. Risk Warning: Our programs may involve real trading with a high risk of losing money rapidly. Most retail investor accounts lose money when trading financial products. You should consider whether you understand how various financial products work and whether you can afford to take the high risk of losing money. TRADING • Real-time quotes of financial instruments • Full set of trade orders, including pending orders • Trading from charts in iPad • All types of trade execution • Complete trading history ADVANCED FUNCTIONALITY • High-performance charts • Customizable chart color scheme • Configuring properties of graphical objects and indicators • Display of four charts in one window available on iPad • Trade levels visualizing the prices of pending order, as well as SL and TP values on the chart • Information window that displays orders, trading history, emails, news, and logs on iPad • Sound notifications • Financial news — dozens of materials daily • Secure and fast chats with other traders, creation of group chats and channels • Support for push-notifications from the desktop platform and MQL5.community services TECHNICAL ANALYSIS • Interactive real-time price charts with zoom and scroll options • 30 most popular technical indicators • 24 analytical objects: lines, channels, geometric shapes, as well as Gann, Fibonacci and Elliott tools • 9 timeframes: M1, M5, M15, M30, H1, H4, D1, W1 and MN • 3 types of charts: bars, Japanese candlesticks and broken line Download MetaTrader 4 and trade on currency markets! To trade using real money, you need to open a real trading account by entering into a separate agreement with a financial company (broker), which has installed the server component of the MetaTrader 4 trading platform and has the appropriate permissions to provide financial trading service in their respective country. MetaQuotes is a software company and does not provide financial services, nor it has access to MetaTrader 4 platform servers and databases managed by financial companies.

About

PTrader terminal

Features
Read full description

PTrader is a professional trading platform built specifically for prop firm traders. The app provides advanced tools for trade execution, account monitoring, analytics, and performance management across proprietary trading firm environments. PTrader is NOT a broker, exchange, investment advisor, or financial institution. The platform does not hold client funds, provide investment services, or facilitate deposits. Features: • Real-time trading interface • Prop firm account management • Trading analytics and performance tracking • Fast execution environment • Secure account access • Multi-device trading experience Built for serious traders operating within proprietary trading firm ecosystems.

Screenshots

MetaTrader 44 screens
PTrader terminal3 screens

Verdict

The call

The clearest difference is update cadence: PTrader terminal at every 2 weeks against MetaTrader 4's every 2 months. MetaTrader 4's advantage is iOS requirement (13.0 vs 16.0). On price, ads, in-app purchases and device support there is nothing between them.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

UpkeepUpdate frequency

MetaTrader 4 ships an update every 2 months, PTrader terminal every 2 weeks. The most recent releases landed on October 23, 2026 and October 18, 2026 respectively.

Scorecard2 real differences · 8 level
MetaTrader 4 versus PTrader terminal: the parameters behind the verdict, then further details
ParameterMetaTrader 4PTrader terminal
PriceFreeFree
Rating4.8 (82K ratings) — better—
Positive reviews93.4% of reviews—
Number of ratings82K — better—
Update frequencyEvery 2 monthsEvery 2 weeks — better
AdsNoNo
In-app purchasesNoNo
MonetizationFree—
DevicesiPhone, iPad, iPod — betteriPhone, iPad
Requires iOS13.0 — better16.0
Further details — not scored
Size21 MB8 MB
Age rating4+17+
DeveloperMetaQuotes Software Corp.FxUnifyPro

Bugs and requests

MetaTrader 4

Reported bugs

3 issues
  • Chart customizations and drawings disappearing when switching accounts or restarting the app
  • Occasional freezing or lagging of the app
  • Inconsistent behavior when accidentally switching between buy and sell orders

Requested features

5 requests
  • Add more technical indicators
  • Allow setting parameters for trades and saving them for quick execution
  • Prevent loss of chart customizations and drawings when switching between accounts
  • Add price alerts and push notifications
  • Improve ability to adjust stop loss and take profit levels directly on the chart

PTrader terminal

Not enough reviews yet to summarise bugs or requests.

In-app purchases

None

MetaTrader 4

No in-app purchases

None

PTrader terminal

No in-app purchases

Questions

Is MetaTrader 4 free?
MetaTrader 4 is free to download, with no in-app purchases.
Is PTrader terminal free?
PTrader terminal is free to download, with no in-app purchases.
Do MetaTrader 4 or PTrader terminal have ads?
Neither MetaTrader 4 nor PTrader terminal shows ads.
Which is updated more often, MetaTrader 4 or PTrader terminal?
MetaTrader 4 ships an update every 2 months, and PTrader terminal every 2 weeks. Most recently, MetaTrader 4 was updated on October 23, 2026 and PTrader terminal on October 18, 2026.

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