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MetaToolsLab vs ReadChart

A side-by-side comparison built from both listings. Blank cells mean the company has not given that detail; we never guess.

MetaToolsLab compared with ReadChart
DetailMetaToolsLab logo MetaToolsLabReadChart logo ReadChart
What it doesCloud-based MT5 trade copier with sub-second delivery and no broker credentials required Connect Claude, ChatGPT, and Cursor to live forex on MetaTrader 5
StageStartup Not given
Founded2024 Not given
Based inNot given Not given
Pricing modelNot given Free trial
PricingFree Trial: £0.00/month (1 master, 1 slave, full features, 14 days, no card required); Starter: £9.99/month (1 master, 5 slaves); Pro: £34.99/month (2 masters, 20 slaves); Enterprise: £149.99/month (5 masters, 100 slaves); Custom: Per account pricing for 10+ masters or 100+ slaves (in development) 14-day free trial, no card required. Then $15/month for MT5 connection, live quotes and candles, MCP tools for AI agents, confirm-gated orders, trade journal, account status, price alerts, economic calendar, and prop challenge tracking.
Key features
  • Sub-second trade delivery via cloud
  • No broker credentials required — EA key only
  • Per-slave lot multiplier and reverse trading
  • Per-slave max slippage protection
  • Symbol mapping across different brokers
  • Partial close handling
  • Trade history with per-slave copy status
  • CSV export of trade data
  • Real-time dashboard monitoring
  • Update EAs without reinstalling
  • Live forex quotes and candles from MetaTrader 5
  • Confirm-gated execution requiring explicit user approval
  • MCP integration for Claude, ChatGPT, and Cursor
  • Trade journal with AI vs manual fills tracking
  • Live account status including balance, equity, and margin
  • Price alerts and economic calendar
  • Prop challenge progress tracking
  • EA bridge connecting terminal to cloud
What makes it different
  • 81% cheaper than competitors at £1.50 per slave account versus ~£8 per month
  • Fully cloud-based with no VPS, local bridge, or shared machine required
  • Cross-broker symbol mapping and partial close handling
  • Secure authentication via revocable EA keys instead of broker passwords
  • No MT5 passwords stored; users retain control and can revoke access anytime
  • Educational tool only—never automates trades and not financial advice
  • Works with AI agents that already exist like Claude and ChatGPT
  • Uses broker's own quotes and spreads, not synthetic data
Community votes00
DR (Domain Rating by Ahrefs)Not checked yet no change since last checkNot checked yet no change since last check
Trust Flow (Majestic)00
Citation Flow (Majestic)1412
Referring domains (Majestic)41

4 details filled in for both companies.

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