We found 11 online brokers that are appropriate for Trading MetaTrader 4.
MetaTrader is a well-known electronic trading platform from the stable of MetaQuotes Software. The fourth generation, or the so-called MetaTrader 4, was launched in 2005.
The first generation of MetaTrader was released in 2002 and the MetaTrader 4 is a much-enhanced version. Between 2007 and 2010 several brokerage houses offered the platform to clients as an alteration to their existing trading software.
The current version of the trading platform is MetaTrader 5 and it was launched in 2010, following successful release of its beta version in 2009. However, even though the company has launched MetaTrader 5, the MetaTrader 4 is still very popular among the traders.
MetaTrader 4 is mostly used by brokers in offering margin trading to their clients. Lately, some have also started facilitating CFD trading with it even though the software is not developed for full-time work in exchange-traded futures or stock market. However, the successive version works with commodities exchange-traded commodities and equities. Both the platforms use custom indicators and both offer Expert Advisors or EAs for trading automation.
The MetaTrader 4 started with a desktop version with easy-to-navigate layout and some valuable charting tools to help traders perform basic technical analysis. The customizable chart templates are easy to control and make the charts appear in a friendly display.
Expert Advisors lead to automated trading. Used in both the MT4 and MT5, the EAs come with several customizable parameters and traders can specify the size of their position as well as risk/reward-related attributes along with a couple of other elements to enable automation in trading.
MetaTrader 4 allow traders to test how the automation would perform in back testing processes, which is based on historical data. It is accomplished through a section called Strategy Tester. This is a useful feature. When EA is coded and tested for the first time, it is called testing on out-of-sample data. Some of the developers who code EA on MetaTrader 4 optimize strategies based on historical data set.
Automation is not good all the time. Automated strategy is only positive when the market is not highly volatile, and risks can be adjusted. Not all the EAs are good as claimed by their respective vendors. Some poor EAs are also being lately circulated online. Hence, it is important to verify whether the software is performing as being promised to perform.
Below are some tips to verify whether the EA being sold is positive or negatve.:
Brokers play an important role and most of them offer the MetaTrader 4. However, check to see which MT4 broker offers the best version of the software that helps to ease the workload for traders.
MetaTrader 4 is basically a Forex trading platform and is previous generation software while MetaTrader 5 is the latest version. MT5 supports individual shares and is equipped with some advanced functions like conducting back testing and utilizing cloud-storage to run methodologies. In MT4 these are missing and need to be done locally. It can also be accomplished through a VPS.
Determining whether to use any one version, it is suggested to consider the range of available markets on each and related tools made available such as scripts, libraries, EAs and custom indicators. These may differ. Lately, it is being seen that some developers have started creating a dedicated version of either MT4 or MT5.
MetaTrader 4 is one of the most popular electronic trading platforms and is being used mostly in Forex trading. It is the best companion for traders and conducts many useful trading functions. Even though the next version has been on the market for about a decade, MT4 is still popular.
Traders are suggested to make use of MT4 if offered by brokers as an alternative platform. MT4's Expert Advisor features can be highly beneficial for traders to automate repetitive trading tasks.
We have conducted extensive research and analysis on over multiple data points on MetaTrader 4 to present you with a comprehensive guide that can help you find the most suitable MetaTrader 4. Below we shortlist what we think are the best MetaTrader 4 after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching MetaTrader 4.
Selecting a reliable and reputable online MetaTrader 4 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 MetaTrader 4 more confidently.
Selecting the right online MetaTrader 4 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 MetaTrader 4 trading, it's essential to compare the different options available to you. Our MetaTrader 4 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 MetaTrader 4 broker that best suits your needs and preferences for MetaTrader 4. Our MetaTrader 4 broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top MetaTrader 4.
Compare MetaTrader 4 brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a MetaTrader 4 broker, it's crucial to compare several factors to choose the right one for your MetaTrader 4 needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are MetaTrader 4. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more MetaTrader 4 that accept MetaTrader 4 clients.
Broker | IC Markets | Roboforex | XM | Pepperstone | AvaTrade | FP Markets | NordFX | EasyMarkets | FXPro | Admiral | ThinkMarkets |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | 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 | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | 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), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), Financial Services Authority Seychelles (FSA), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, 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 Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec) |
Min Deposit | 200 | 10 | 5 | 200 | 100 | 100 | 1 | 100 | 100 | 200 | No minimum deposit |
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Used By | 180,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ | 142,500+ | 1,866,000+ | 10,000+ | 500,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | ThinkTrader, MT4, MT5, Mac, Web Trader, Tablet & Mobile apps |
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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 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 nordfx |
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Up with easymarkets |
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Up with fxpro |
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Up with admiralmarkets |
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Up with thinkmarkets |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 74-89 % 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 | Losses can exceed deposits | Your capital is at risk | 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 |
Demo |
IC Markets Demo |
Roboforex Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
NordFX Demo |
easyMarkets Demo |
FxPro Demo |
Admiral Markets Demo |
ThinkMarkets 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, CA, IL, IR | AF, AS, AQ, AR, 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, UY, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, CA, EU, RU, SY, KP, CU | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | 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 |
You can compare MetaTrader 4 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 MetaTrader 4 for 2024 article further below. You can see it now by clicking here
We have listed top MetaTrader 4 below.