TakeProfit vs MetaTrader

TakeProfit charges a subscription, while MetaTrader's software is free and trading costs are set by the broker. TakeProfit lists one paid plan, All-In, at $20 per month or $120 per year, plus a permanent free tier called Freeroll. It has no pricing page, so these figures appear only in FAQ answers, and its Terms say the fee depends on promotions, location and payment method. Trial wording differs between its pages: the homepage says every new account gets a 30-day trial, while the Terms say a trial is offered only to some users. MetaQuotes states that MetaTrader 5 features are accessible for free, and its licence agreement says the product is provided free of charge rather than sold. Optional MetaTrader VPS rental is listed at 15 USD for a 1-month plan with a 24-hour free trial, and the vendor's two VPS price pages disagree on longer terms. The two prices are not like for like. All figures come from the vendors' own pages, last checked in October 2026.

MetaTrader 5 is a desktop-first terminal, while TakeProfit runs only in a browser. MetaTrader 5 installs natively on Windows and runs under Wine on macOS and Linux; its web terminal on the MetaQuotes site is demo-only, and live web trading uses a broker-hosted terminal. Mobile apps come from the App Store, Google Play, Huawei AppGallery and an APK file. TakeProfit's documentation says mobile use is through a mobile browser, but its Terms of Use mention mobile applications, so the vendor's own pages disagree. Scripts on MetaTrader are written in MQL5, an object-oriented language based on C++ concepts, or MQL4 on MetaTrader 4. TakeProfit scripts are written in Indie, described as a dialect of Python, and run server-side in the cloud. MetaTrader 5 lists 38 built-in indicators, and TakeProfit lists 80+ native indicators, though MetaQuotes pages also cite more than 80 indicators and analytical tools combined. All figures come from the vendors' own pages, last checked in October 2026.

MetaTrader is built around automated trading with Expert Advisors, while TakeProfit centres on cloud alerts and Indie scripts. MetaTrader 5 runs Expert Advisors without trader participation, offers an MQL5 Wizard for building one without programming, and can rent a VPS from inside the platform to keep them running. Its Strategy Tester is multi-threaded with real ticks, supports genetic optimization, and can use the MQL5 Cloud Network. TakeProfit's built-in strategy tester runs backtests on up to 20,000 candles, and no bar-replay or paper-trading feature was found on the pages checked. TakeProfit's All-In plan includes up to 400 non-expiring cloud alerts, delivered by Telegram, email, pop-ups or webhooks, and live trades from scripts go through webhook alerts. Its latency figures conflict: feature pages claim under 100 ms, while the FAQ gives about 300 ms typically, up to about 1 second. MetaTrader alerts notify by sound, email or mobile push. All figures come from the vendors' own pages, last checked in October 2026.

MetaTrader has the larger library of ready-made programs, built around the MQL5 Market, the Code Base and Signals. MetaQuotes states that the Market features more than 2,000 trading robots and indicators for MetaTrader 5, a vendor claim not independently measured, and that Market sellers pay a 20% commission on each sale. Thousands of free robots and indicators can be downloaded from the Code Base. Signals copies trades in real time from one trading account to another and requires an MQL5.community account. TakeProfit has a Marketplace of public indicators, which are moderated in typically 2-4 business days, with earnings paid out after reaching $200 and a 60-day hold. TakeProfit's 80+ built-in indicators are all written in Indie, and the vendor describes AI tools that can translate Pine Script logic into Indie, with complex features needing a manual pass. All figures come from the vendors' own pages, last checked in October 2026.

MetaTrader executes only through a broker, while TakeProfit connects directly to Bybit. MetaQuotes states that real trading in MetaTrader is done only through a broker, that brokers host the software on their own hardware, and that the execution mode is set by the broker. MetaTrader 5 covers forex, futures, options, stocks and bonds depending on the broker, and MetaTrader 4 covers forex. TakeProfit integrates Bybit spot and derivatives natively and lists US stocks through Lime Trading widgets; Binance and Exness support are described as in development. Its homepage menu marks Chart Trading and Algo Trading as coming soon, while the Trading FAQ describes chart trading on Bybit as available, so its pages differ. TakeProfit's cashback returns 50% of Bybit fees, or 10% for accounts already affiliated elsewhere, only for orders executed in its terminal, and the Rebates Policy does not guarantee the program continues. MetaQuotes lists no cashback. All figures come from the vendors' own pages, last checked in October 2026.

MetaTrader is not a broker: MetaQuotes states that it is a software development company that does not provide investment, brokerage, trading or data feed services. The MetaTrader 5 licence agreement names MetaQuotes Ltd, registered in the Republic of Cyprus, and is governed by Cyprus law. MetaQuotes also says it may not have complete and up-to-date information on the regulatory status of the brokers listed in the platform. TakeProfit's Terms of Use name the contracting company as Takeprofit Systems Ltd, a BVI business company, governed by the laws of the British Virgin Islands, while the homepage footer shows the copyright holder as TakeProfit Inc, so the vendor's pages differ on the entity name. No regulatory licence or register number was found for TakeProfit, and its Terms state that it does not hold or control user funds. Checking the regulatory status of the broker or exchange you connect is a separate step. All figures come from the vendors' own pages, last checked in October 2026.