TradeLocker vs MetaTrader 5: Which Platform Should You Use?

In short: TradeLocker is a newer, browser-first platform with TradingView charts built in and a clean interface that is quick to learn. MetaTrader 5 is a long-established platform with a huge library of automated strategies and custom indicators. Chart-focused and newer traders often prefer TradeLocker; traders who rely on MT5 Expert Advisors usually stay with MT5.

For years, MetaTrader was the default platform for retail forex trading. TradeLocker is one of the platforms now offered as an alternative by a growing number of brokers. Both let you chart, place orders and manage positions, but they are built around different ideas. Here is how they compare.

The quick comparison

• Charting: TradeLocker integrates TradingView charts. MetaTrader 5 uses its own charting engine.
• Where it runs: TradeLocker is built for the browser, with desktop and mobile apps. MT5 is centred on its desktop terminal, with web and mobile versions.
• Learning curve: TradeLocker has a simpler, modern layout. MT5 offers more menus and settings, which suits experienced users.
• Automation: MT5 has a large ecosystem of Expert Advisors written in MQL5. If automated strategies are central to your trading, check carefully what your broker supports before switching.
• Availability: MT5 is offered by a very large number of brokers. TradeLocker is offered by a growing list of brokers.

Interface and ease of use

TradeLocker was designed recently and it shows: the layout is clean, the order panel is always within reach, and positions, orders and account details sit in one panel. Many new traders find they can place a first trade within minutes.

MetaTrader 5 is powerful but denser. Windows, toolbars and right-click menus give experienced traders a lot of control, though new users can take longer to feel at home.

Charting and analysis

TradeLocker's TradingView integration is its headline feature. If you already analyse markets on TradingView, you get familiar indicators and drawing tools and can trade from the same chart.

MT5 has a capable built-in charting engine with many standard indicators and a large market of custom indicators. Traders who have built their workflow around specific MT5 indicators may not want to change.

Devices and access

TradeLocker works in your browser with nothing to install, and also has desktop, iOS and Android apps that share one login. That makes it easy to move between a work computer, a laptop and your phone.

MT5's main experience is its desktop terminal, with separate web and mobile apps. It runs well, though some features are only available on desktop.

Orders and risk management

Both platforms support market orders, limit and stop orders, and stop-loss and take-profit levels. TradeLocker focuses on making these quick to set from the chart and order panel. Whichever platform you use, set your stop-loss before you enter and size positions from the amount you are willing to lose. Our guide to managing risk shows how.

Automation and algorithmic trading

This is MT5's biggest advantage. Expert Advisors and the MQL5 language have years of community development behind them, and many traders run automated systems on MT5. If you rely on EAs, confirm what automation is available before moving platforms.

Which should you choose?

• Choose TradeLocker if you want a modern interface, TradingView charts, easy browser and mobile access, and you trade manually.
• Choose MetaTrader 5 if you depend on Expert Advisors or MT5-specific indicators.
• Not sure? Open a free demo account on TradeLocker and trade your usual plan for a week before deciding.

Try TradeLocker with Clarity FX. Every Clarity FX account runs on TradeLocker with ECN execution, crypto deposits and no minimum deposit. Learn more or open an account.

Frequently asked questions

Is TradeLocker better than MT5?

Neither is better for everyone. TradeLocker is often easier to learn and has TradingView charts built in; MT5 has a larger automation ecosystem.

Can I use TradingView charts on TradeLocker?

Yes. TradeLocker integrates TradingView charting directly into the platform.

Does Clarity FX offer MetaTrader 5?

Clarity FX accounts trade on TradeLocker. See What is TradeLocker? for how it works.

Keep reading

• How to choose a TradeLocker broker
• How to use TradeLocker
• What is TradeLocker?

Trading forex and crypto on leverage carries a high risk of loss and may not be suitable for all investors. This article is educational and not financial advice. Read our risk disclosure.