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've collected thousands of datapoints and written a guide to help you find the best MetaTrader 4 for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best MetaTrader 4 below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online MetaTrader 4 trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top MetaTrader 4.
Compare MetaTrader 4 min deposits, regulation, headquarters, benefits, funding methods and fees 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
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IC Markets
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XTB
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AvaTrade
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Roboforex
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FP Markets
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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Forex.com
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City Index
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), 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 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) |
Min Deposit | 200 | No minimum deposit | 250 | 1 | 100 | 200 | 100 | 5 | 100 | 100 | 25 |
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Used By | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 10,000+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ | 150,000+ | 14,000+ |
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Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps | MT4, Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with icmarkets |
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Up with xtb |
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Up with avatrade |
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Up with roboforex |
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Up with fpmarkets |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
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Up with forexcom |
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Up with cityindex |
Risk Warning | Losses can exceed deposits | 79% 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. | 72% of retail investor accounts lose money when trading CFDs with this provider | 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. 79.3% 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 | Your capital is at risk | Your capital is at risk | Losses can exceed deposits | 74% of retail investor accounts lose money when trading CFDs with this provider | 75% of retail investor accounts lose money when trading CFDs with this provider |
Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
Roboforex Demo |
FP Markets Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
Forex.com Demo |
City Index Demo |
Excluded Countries | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | BE, BR, KP, NZ, TR, US, CA, SG | US, JP | US, JP, NZ | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | BE | US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, 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 2021 article further below. You can see it now by clicking here
We have listed top MetaTrader 4 below.