Does eToro Use MT4?

Written by Nick Zelver

Reviewed by Mike Druttman

No, eToro does not support MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Instead, eToro offers its own proprietary trading platform with unique features tailored to its community of traders. This platform is accessible via web browsers and mobile apps for Android and iOS devices.​

Why eToro Doesn't Use MT4

eToro has chosen not to integrate MT4 or MT5 because these platforms are not compatible with its social trading features and proprietary tools, which includes functionalities like CopyTrader and Smart Portfolios. These features are designed to promote a collaborative trading environment where users can follow and replicate the strategies of other eToro traders, including their Popular Investors.​

Features of eToro's Own Platform

• Social Trading: Connect with a community of over 35 million users worldwide, share insights, and follow top traders.
• CopyTrader: Automatically replicate the trades of selected investors.
• Smart Portfolios: Invest in diversified portfolios curated by eToro's investment team.
• Multi-Asset Access: Trade a wide range of assets, including stocks, crypto, ETFs, and more.

If you prefer using MetaTrader platforms, there are plenty of brokers out there that support MT4 and MT5. The downside however is that they don't have the social trading features that eToro provides.​ Something which I think is very unique that other brokers don't offer and still cannot replicate.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice.  The value of your investments may go up or down.  Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which hasbeen prepared by our partner utilizing publicly available non-entity specific information about eToro.