We found 11 online brokers that are appropriate for Trading 4 Digit.
The world of Forex trading involves various broker options, and understanding 4-digit brokers is a key step for beginners. This guide dives into what they are, their historical significance, and how they compare to the more common 5-digit brokers.
The term '4 Digit Brokers' refers to Forex brokers that quote currency pairs to four decimal places. This was more common when online trading platforms were in their earlier stages. For example, a quote for the EUR/USD pair might appear as 1.2356.
In contrast, '5 Digit Brokers' refer to brokers that quote currency pairs to five decimal places, reflecting a more precise market movement and allowing for tighter spreads and better execution. For example, the same EUR/USD pair might be quoted as 1.23567 in a platform offered by a 5 Digit Broker.
4-digit brokers display currency pairs with four decimal places for pricing. This means prices are quoted to the hundredth of a pip (percentage in point), offering a simpler view of the market compared to 5-digit brokers. In the past, this format was the standard due to:
The Forex market has evolved, demanding greater precision in pricing. 5-digit brokers emerged with the following advancements:
Criteria | 4-Digit Forex Brokers | 5-Digit Forex Brokers |
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Price Quotation | Four decimal places (e.g., 1.2345) | Five decimal places (e.g., 1.23456) |
Market View | Simpler, focuses on larger price movements | More granular, shows finer price movements |
Spreads | Generally wider | Generally tighter due to precision |
Suitability for Scalping | Less suitable | More suitable |
Technological Requirements | Less demanding on technology | More demanding on technology |
Platform Support | May have limited platform options | Wide range of platforms support 5-digit pricing |
Regulation | Both types can be regulated; check individual broker's regulation | Both types can be regulated; check individual broker's regulation |
Trading Strategy | Better for those focusing on larger trends | Better for those using short-term strategies |
Preferred by Beginners | Often preferred due to simplicity | Preferred by more experienced traders |
Historical Significance | Was the standard format in the early days of online trading | Now the more common standard due to market evolution |
While 5-digit quotes are now more common, 4-digit brokers still have a place in the market. Here's a breakdown to help you decide:
Ultimately, the best choice depends on your trading style and preferences. Some platforms even allow switching between 4 and 5-digit views for added flexibility.
Forex trading carries a significant risk of loss and may not be suitable for all investors. Leverage can magnify both profits and losses. Before trading foreign exchange, it's crucial to fully understand the risks involved and carefully consider your investment objectives, experience level, and risk tolerance.
IC Markets is an excellent choice for traders who value precision and speed. With a variety of advanced trading platforms like MT4, MT5, cTrader, and TradingView, IC Markets ensures minimal latency and fast execution, averaging around 40ms. This makes it perfect for scalpers and day traders who rely on quick order execution. Additionally, IC Markets offers tight spreads across many financial instruments, including Forex, commodities, indices, and cryptocurrencies. Their low latency VPS and trading automation options make it suitable for both new and experienced traders.
For those who prefer traditional pricing models, IC Markets supports 4-digit pricing, making it easier to manage fixed pip values and simple calculations.
RoboForex is a great option for traders looking for flexibility and competitive fees. It offers high leverage and ultra-tight spreads, starting from virtually zero, making it attractive for those aiming to maximize returns. RoboForex supports popular trading platforms like MT4 and MT5, ensuring a seamless trading experience on various devices. Features like EA scripting and high leverage options are available, but be mindful of the associated higher risks.
RoboForex is regulated by IFSC (Belize), ensuring a secure trading environment. For traders who prefer traditional pricing, RoboForex offers 4-digit trading, simplifying the trading process with fixed pip spreads and straightforward profit/loss calculations.
XTB is ideal for traders who value in-depth market analysis and educational resources. It offers extensive research tools and a comprehensive education section suitable for traders of all levels. XTB's stringent regulations from FCA and CySEC ensure a secure and compliant trading environment, instilling confidence in your trading activities.
XTB supports 4-digit trading, making it beneficial for traders who prefer traditional forex pricing. This setup simplifies pip calculations and is well-suited for those familiar with classic trading methodologies.
XM is an excellent broker for those looking for a well-rounded platform with strong customer support. It offers various account types and a wide range of trading instruments, making it suitable for traders at all levels. XM is regulated by ASIC, CySEC, and IFSC, ensuring high regulatory oversight and safety.
XM supports 4-digit trading, which is useful for traders who prefer traditional forex trading with simpler profit/loss calculations. This model is ideal for those who are more comfortable with classic trading approaches.
Pepperstone is renowned for its commitment to customer satisfaction and diverse trading options. It offers a variety of asset classes, making it suitable for different trading strategies. Backed by regulatory oversight from the FCA and ASIC, Pepperstone provides a reliable and trustworthy trading environment.
Pepperstone supports 4-digit trading, making it ideal for traders who prefer traditional forex pricing. This format is beneficial for those who are accustomed to conventional pip values and straightforward trading calculations.
AvaTrade is known for its versatility, offering numerous funding and withdrawal options to meet diverse trader needs. Its mobile app, AvaTradeGo, and social trading platform, AvaSocial, provide a convenient and community-driven trading experience. AvaTrade is regulated by multiple authorities, ensuring a safe and secure trading environment.
AvaTrade supports 4-digit trading options, which is perfect for traders who prefer traditional pricing models. This simplifies trading calculations and suits those familiar with classic forex trading methods.
FP Markets combines advanced technology with trading, offering enhanced features on MetaTrader 4 and 5. Known for competitive spreads and a wide range of trading options, FP Markets is ideal for traders looking for advanced tools and cost efficiency. Regulated by ASIC and CySEC, FP Markets ensures a trustworthy trading environment.
FP Markets supports 4-digit trading, which is beneficial for traders who prefer simpler and more traditional forex trading practices. This makes managing trades and calculating profits and losses more straightforward.
This guide will help new traders understand the concept of 4-digit trading using an example with the EUR/USD currency pair.
Favorable Trade: If EUR/USD rises to 1.0968, you make a profit of $1,000.
Unfavorable Trade: If EUR/USD falls to 1.0768, you incur a loss of $1,000.
By understanding these scenarios, you can better manage your trades and make informed decisions to enhance your trading strategy.
The use of 4 Digit Brokers, who quote currency pairs with four decimal places, can be attributed to several reasons, especially in the context of the earlier stages of online Forex trading:
Simplicity and Clarity: Quoting currencies to four decimal places makes the pricing easy to read and understand for traders. This simplicity was particularly useful when electronic trading was not as advanced as it is today.
Standardization: Earlier financial systems and trading platforms were standardized around four decimal quotes. This was partly due to the technological limitations of the time and the lower volatility and less granularity in price movements observed then compared to now.
Technology Constraints: Earlier trading platforms and computational resources were less capable of handling the more granular data associated with 5 digit quoting. As technology improved, platforms were able to offer more precise quotes.
Market Conditions: In the past, the market did not demand such tight spreads that necessitated additional decimal places. As the Forex market grew more competitive and traders sought more precision, particularly for short-term strategies, the need for additional precision grew.
Transition to 5 Digits: The transition from 4 to 5 digit quotes reflects advancements in financial technology and an increase in market precision. It allows traders to take advantage of smaller movements in the markets, which can be crucial for strategies like scalping.
Most of the 4 Digit brokers today offer MT4 or MT5 trading platforms. These two trading platforms are capable of reading price quotes with up to 4 decimal places.
MetaTrader4 and MetaTrader5, both platforms also provide mobile apps to help traders execute orders at any time and from anywhere.
Choosing a 4-digit broker, much like selecting any Forex broker, involves several key considerations to ensure that the broker is reliable, suits your trading style, and offers competitive trading conditions. Here are some essential factors to consider:
Understanding the differences between 4-digit and 5-digit brokers empowers you to choose the platform that best aligns with your trading style and preferences. Whether you prioritize simplicity or seek tighter spreads, both options offer valuable entry points into the Forex market. Remember, a successful trading journey hinges on a combination of platform selection, knowledge, and well-defined strategies.
4-digit brokers offer a simplified entry point to Forex trading, focusing on larger price movements. While 5-digit quotes have become more prevalent, 4-digit brokers remain relevant for traders seeking a clear and less cluttered view of the market.
Remember, both 4-digit and 5-digit brokers can be viable options depending on your trading style and preferences.
We have conducted extensive research and analysis on over multiple data points on 4 Digit Brokers to present you with a comprehensive guide that can help you find the most suitable 4 Digit Brokers. Below we shortlist what we think are the best 4 digit brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching 4 Digit Brokers.
Selecting a reliable and reputable online 4 Digit trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade 4 Digit more confidently.
Selecting the right online 4 Digit trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for 4 digit trading, it's essential to compare the different options available to you. Our 4 digit brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a 4 digit broker that best suits your needs and preferences for 4 digit. Our 4 digit broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top 4 Digit Brokers.
Compare 4 digit brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a 4 digit broker, it's crucial to compare several factors to choose the right one for your 4 digit needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are 4 digit brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more 4 digit brokers that accept 4 digit clients.
Broker | IC Markets | Roboforex | XTB | XM | Pepperstone | AvaTrade | FP Markets | FXPro | Admiral | ThinkMarkets | FXPrimus |
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) | Financial Conduct Authority (FCA) (595450), Cyprus Securities and Exchange Commission (CySEC)(310328), FSA (Financial Services Authority of Seychelles) (SD073) | Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), TF Global Markets Int Limited (Seychelles) (8424818-1), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TFG (Payments) Limited (United Kingdom) (10537331), Think Capital Services UK Ltd (United Kingdom) (11054653), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272), TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Seychelles Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272) | VFSC (Vanuatu Financial Services Commission) (14595), CySEC (Cyprus Securities and Exchange Commission) (261/14) |
Min Deposit | 200 | 10 | No minimum deposit | 5 | No minimum deposit | 100 | 100 | 100 | 1 | 50 | 15 |
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Used By | 200,000+ | 730,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ | 7,800,000+ | 30,000+ | 450,000+ | 300,000+ |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT4, MetaTrader WebTrader, Admirals Mobile Apps, iOS (App Store), Android (Google Play), Admirals Platform, StereoTrader | ThinkTrader, WebTrader, TradingView, TradingView, Mobile Apps, iOS (App Store), Android (Google Play) | WebTrader, MT4, MT5, cTrader, Mobile Apps, iOS (App Store), Android (Google Play) |
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Learn More |
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Up with icmarkets |
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Up with roboforex |
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Up with xtb |
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Up with xm |
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Up with pepperstone |
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Up with avatrade |
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Up with fpmarkets |
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Up with fxpro |
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Up with admiralmarkets |
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Up with thinkmarkets |
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Up with fxprimus |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 75-83% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% 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 | Losses can exceed deposits |
Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
FxPro Demo |
Admiral Markets Demo |
ThinkMarkets Demo |
FXPrimus Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, CA, IR | US, CA, JP, SG, MY, JM, IR, TR | RU, AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. |
You can compare 4 Digit Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top 4 Digit Brokers for 2025 article further below. You can see it now by clicking here
We have listed top 4 digit brokers below.