Quick answer
- MT4 mobile — familiar, multi-broker, solid for managing trades.
- Broker apps — usually better design, research, alerts and account features.
Comparison
| MT4 mobile | Typical broker app | |
|---|---|---|
| Design | Functional | Modern |
| Charts | Good, limited drawing tools | Varies; often TradingView-style |
| Research & news | Minimal | Often built in |
| Price alerts | Via desktop/MetaQuotes ID | Usually native push alerts |
| Deposits / withdrawals | No | Usually yes |
| Multiple brokers | Yes | One broker |
| EAs | Monitor only | N/A |
Which to use
- MT4 desktop user: MT4 mobile keeps everything consistent.
- Beginner or spread bettor: a broker's own app is usually easier.
- Both: many traders use the broker app for account management and MT4 for trading.
Frequently asked questions
Can MT4 mobile run Expert Advisors?
No. EAs run only on the desktop platform or a VPS. The app can monitor and manage trades they open.
Can I use one MT4 app for different brokers?
Yes. You can add several broker accounts to the same MetaTrader app.
CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading these products. You should consider whether you understand how they work and whether you can afford to take the high risk of losing your money.