In this MultiCharts review, we look at its charting, scanning, backtesting, automation, pricing, and how it stacks up against other trading platforms like NinjaTrader and TradeStation.
Back in 1999, Dennis Globa, one of the principals behind Multicharts, got involved with some of his friends in Forex trading. He soon realized that the trading platforms available in the industry at the time offered limited choices.
This forced him to combine multiple services to get the job done. Still today, the flexibility of trading platforms is often an issue. You can relate if you’re a day trader. You won’t find many traders who like both Multicharts and NinjaTrader equally.
Multicharts has other competitors, too, of course, including TradeStation and so on. But it is more often compared to NinjaTrader. I tried NinjaTrader before my Multichart experience. Although I like that NinjaTrader can be used for free while learning to “code,” for me, Multicharts is easier to use. But that’s just me…and I’m not a coder, mind you. This platform is geared towards techy traders with advanced technical skills. If you’re a programmer or want to work with algorithms or build a customized trading app, this is for you.
What Is MultiCharts? (2026 Review)
Many of us use ThinkorSwim just for charting, Trade-Ideas for scanning, and then a different broker for shorting, and then… Well, you get the point.
MultiCharts solves this problem by streamlining the numerous data sources traders require to perform at optimal levels. Global and its team wanted to operate under one roof with all the needed functionality.
By 2005, Globa set out to develop a platform to perform charting according to each user’s preferences. Hence, Multicharts was officially born.
Today, the Multicharts charting bundle has evolved into a full trading platform. Since 2011, it has operated on the web via stock and Forex charts.
Our MultiCharts review found that its advanced charting, PowerLanguage scripting, and precision backtesting make it a favorite among algorithmic traders and active professionals.
Pros & Cons
- Pros
- Award-winning platform
- Backtest your trading strategy
- In-depth features and customization options
- Integrate with a variety of brokers
- A lot of training resources available
- Cons
- The platform is Windows-based only
- No mobile app
- High subscription cost
- Heavy computer resource-intensive
- Poor customer service based on user experience
MultiCharts Pricing (2026 License Costs)
- Free Account: $0
- Standard: $99 per month, & $79 a month paid annually, Lifetime payment $1,499
- Advanced: $149 a month, $199 a month paid annually, Lifetime payment $1,999
You can visit Multicharts’ website for updated pricing here. (Updated 3/26).
MultiCharts Features and Trading Platform
MultiCharts .NET vs MultiCharts (Which Should You Choose?)
MultiCharts comes in two flavors. The standalone version at MultiCharts.net is a trading program designed to automate your trades. It’s also a backtesting software.
The main MultiCharts program is found at Multichart.com. This is designed to be user-friendly and intuitive.
TradeStation’s EasyLanguage inspired the PowerLanguage programming format. Trader-developers interested in configuring MultiCharts can do as they see fit.
In other words, if you “speak” the EasyLanguage of TradeStation, you can fully understand the PowerLanguage of Multicharts.
Not everyone is an experienced programmer or an expert technical analyst in the stock market. No worries, MultiCharts can help.
It’s built-in tools issue stock rankings and recommendations. Indeed, the proprietary charting and analytics system will provide alerts you can follow daily.
Both versions of the program are available online and offline. It works on the Windows Operating system. But as far as I know, it’s unavailable for Mac yet.
Mac or Windows doesn’t matter, though. Most software is cloud-based these days. A trader requires a good internet connection.
Charting Tools
A trader without a chart is like a traveler without a map. Charts are essential. The strongest attribute of the MultiCharts trading platform is its charting abilities, tools, and features.
Traders can customize their charts to suit their trading styles and preferences.
At the time of this writing, with MultiCharts, traders can work with multiple data series and symbols. Create up to 20 sub-charts in one chart. I counted 19 chart types to choose from, including some obscure ones.
Add drawings, comments, and images, change colors, mix resolutions, and compress and expand scales. Use data feeds to view historical and real-time data. The options are nearly limitless.
The interface is easy to use, thanks to the drag-and-drop tool. The multitude of features is convenient for traders of all stripes, from newbies to experts, even those using the most complex strategies.
Market Scanning
When making a list of stocks to trade, you can scan with your eyes or a machine. You can do both with MultiCharts.
However, most traders, particularly beginners, will be better off using their real-time scanner. It monitors, researches, and even organizes the stocks they’d be interested in.
Looking at a chart with your eyes tells you a lot if you’re an experienced technical trader. You can only look at one chart at a time with your eyes, though.
Discretionary Trading
For those with nerves of steel who want to keep their trading in their hands, look for a platform enabling quick entries and exits. MultiCharts is a good tool that helps make market analysis easier and faster for decision-makers. It executes trades at the click of the mouse or with hotkeys.
Visual chart trading with MultiCharts makes intuitive manual trading simpler. Traders can place orders and change positions quickly with the Chart Trading Panel.
Even the icons are easy to understand. They make it a breeze to manage stop, limit, and stop limit orders at a glance. To route trades, multiple brokers can be selected from a drop-down list.
Other features like the screen-space-saving Compact Mode, the Trader’s Calculator, and Symbol Mapping make MultiCharts a valuable tool for discretionary traders.
As a discretionary trader, I often use the vertical ladder trading style. You won’t be disappointed with the MultiCharts interface if that’s also your style.
Automated Trading
For traders who want to make a plan and stick to it without the jitters getting in the way, MultiCharts.net offers several options for algorithmic trading.
Traders can automate their trading. The system can create and send orders directly to the broker without the trader’s intervention.
Of course, this is only if the trading strategy is scripted to execute accordingly. MultiCharts.net is compatible with multiple scripts, such as EasyLanguage and Visual Builder.
With their advanced analytics, traders can access over 250 pre-built studies and customized strategies.
Because of the simpler syntax of EasyLanguage/PowerLanguage, compared to NinjaScript, Multicharts may be easier to use for those entering the world of algorithmic trading.
Granted, NinjaTrader has a greater contributing community nowadays. But some say that the sheer number of scripts with NinjaTrader is overkill.
Backtesting and Strategy Optimization
MultiCharts’ tick-by-tick backtesting tool is designed with precision in mind. It considers multiple factors, including price changes and differences, liquidity, slippage, commission, currency, interest rate, initial capital, and trade size.
It also simulates OCO (One Cancels the Other) order type, stop, limit, and stop limit orders.
The realistic backtesting tool helps to take a lot of the guesswork out of trading, delivering reports that enable optimization of strategies.
Traders can learn and adapt their techniques without risking money via MultiCharts’ Market Data Playback.
Portfolio Trader and Portfolio Backtesting
Trading is dynamic. As such, MultiCharts affords great flexibility. Traders can send orders quickly and accurately to brokers. More than one broker, instrument, or data feed can be used simultaneously. The Order and Position Tracker provides a comprehensive trading summary.
Their Quote Manager data management system collects and stores data locally from the trader’s feeds. A third-party feature updates charts automatically.
Traders can easily import or export data even if the formatting varies. Pre-configured session templates are available for most market sectors. Also, traders can change them at the chart, exchange, and symbol levels.
MultiCharts Alternatives
- NinjaTrader
- TradingView
- TradeStation
- cTrader
- Quantower
- Sierra Chart
- eSignal
MultiCharts Customer Reviews
MultiCharts has approximately 7 customer reviews on Trustpilot with a 2.5 TrustScore (Poor as of March 2026).
Bottom Line: Is MultiCharts Worth It?
MultiCharts is an excellent trading platform, better than NinjaTrader in some areas. At the same time, the latter is also good for different reasons.
They have built a strong base among CMTs (Chartered Market Technicians), financial advisers, and professional individual traders worldwide.
Trading magazines give the company positive reviews. However, Multicharts’ large following of satisfied customers speaks louder than any review from a magazine.
Our MultiCharts review concludes that it’s a premium, high-powered platform built for traders who want total control — from backtesting and automation to charting and discretionary trading.
Frequently Asked Questions
MultiCharts is a great platform for traders who are looking for chart customization, numerous tools and features, precision backtesting, automatic trade execution, and custom indicators.
MultiCharts is a top-of-the-line charting platform. They have many different features, such as support for EasyLanguage, single-click trading from charts and the DOM, and numerous indicators and strategies.
The biggest differences between MultiCharts and MultiCharts.net are the scripts and backtesting strategies. MultiCharts uses EasyLanguage as its programming language. MultiCharts.net is tailored for programmers who use VB.NET and C#.
Denis Globa is the owner of MultiCharts.
