Top Mt4 Brokers for 2020

We found 11 online brokers that are appropriate for Trading Mt4.

Best Mt4 Brokers Guide

MT4 Brokers

Depending on the brokerages, the trading platforms can be different. Amongst these trading platforms, MetaTrader 4 or MT4 is arguably rated as one of the most popular.

It provides robust and resilient tools and features for serious traders around the world. This is why it is considered one of the best trading platforms in the world. The MT4 is widely used by professional brokers in the Forex industry.

MT4 has become the most mainstream trading platform in the world.

Apart from the features factors, the platform is also often picked by the professionals and retail traders because it provides great security.

Thanks to its 128 bit encryption, it can guarantee the safe and secure trading environment to play by the serious traders.

The customization of MT4 is also the reason why many brokerages are using this to facilitate traders to trade Forex and other securities.

Defining MetaTrader 4 or MT4

All traders need a reliable trading platform to conduct their trading activities.

If you are browsing, you could come across various brokers who are using various trading platforms and you will still discover the most common one used is MT4.

MetaTrader 4 or MT4 is a trading platform which facilitates the trader to trade. It is indeed the most well-known platform in the trading industry.

MT4 has been the benchmark of its competitors in the trading industry. Most brokerages will not take the risk of using other platforms because MT4 has demonstrated its resilience and reliability.

MT4 software has two main components: the client and the server.

The traders will use the client component which can be downloaded to the PC, laptop, or smartphone. In the meantime, the brokerages will use the server components.

This electronic trading platform is widely used around the world.

Authorities specify this software to the foreign exchange brokers who provide the trading software to the clients.

MT4 trading platform can cater to the pending and market orders.

With pending orders the deal will be held until the price of the financial instrument reaches the level that has the green light.

Market orders are more dynamic because these can be in the form of instant execution, market execution, request execution, as well as exchange execution.

MT4 Execution

As referred to MT4 has market orders.

In market execution, the basis is on the market price. So, traders will trade based on the market price. In this case, you will see the displays on the trading platform and make your decision based on the prices shown.

Similarly instant execution takes place when the traders execute at the price that displays on the trading platform.

For Exchange execution, as the name suggests, the orders are done by the exchange. In this kind of execution, it is not based on the depth of the market.

We then have the request execution order. In this execution, the traders will carry out the market order with two steps. The first step is to request the quote.

Then following when the quote is issued, the traders will have some time to decide if they want to proceed to the next step or not. The request orders will give ample time for traders to make informative decisions.

The MT4 platform, just like other trading software, also comes with different versions and essentially, all of the MT4 versions have the same functions.

You just need to focus on these three foundations: client terminal, mobile apps, MetaTrader 4 Manager.

Metatrader 4 brokers

Forex trading has changed allot the last decade. Many forex brokers have been quick to adopt advanced technology into their offerings to retail trading clients.

One of the best is the MetaTrader 4 trading platform software. It is licensed by the so-called MetaTrader 4 brokers and traders use the platform across the globe for retail Forex trading and trading CFD.

Metatrader 4 allows the writing of trading scripts and robots that can allow automated trading. traders through MT4 can see live market prices and charts allowing data analysis as well as trading on the platform.

The language MT4 is coded in MSQL created a market place where you can utilize 3rd party scripts, MT4 indicators, utilities, libraries, automated trading strategies also know as Expert Advisors.

Why MT4 Brokers are Popular

MetaQuotes launched MT4 in 2005 and licensed it to online brokers to offer services to clients on a less complex system. Over 15 years the software has become one of the most preferred platforms by both MetaTrader 4 brokers and traders.

MT4 is considered the industry standard in the foreign exchange trading industry. Brokers offering the MetaTrader 4 platform mostly attract beginners due to the easy flow user interface of the software and trades can be placed with fewer difficulties.

How to Choose The Best MetaTrader 4 Brokers

The best MetaTrader brokers are brokers like XTB and Pepperstone.

Register with a couple of these MT4 brokers from the result page and see if what they offer suits your trading needs. Ask the MetaTrader 4 broker whether the platform they offer is compatible with your Windows, Mac OS or Linux operating systems. Ask your broker if they can help you in customizing the charts easily, change languages to suit you.

You should be comfortable with the broker you decide to trade with and their features. All reputable MetaTrader 4 brokers will work with you to realize your Forex or CFD trading strategies.

MetaTrader Charting and Tools

The desktop version of MetaTrader MT4 and MT5, have an easy-to-navigate design. The wide selection of charting tools along with amount of available indexes by default gives traders a great beginning point for basic analysis of a stock, currency pair or commodity. Everything can be saved to sub folders in the platform.

Those seeking more complex indicators and evaluation tools as well as automated trading approaches can purchase or rent them straight in the MQL5 market from inside the platform. News varies based upon the agent and any applicable news suppliers the agent uses to provide headlines inside the system.

Social Copy Trading and Signals Market Trading on MT4

The Metatrader MQL5 Community has a signals market place that enables users to replicate the live transactions of approved signal suppliers in what could be called social copy trading. Some MQL contributors have done some amazing things including integrating push notifications with live prices. Features, fees and subscription costs differ for each supplier on the MQL marketplace.

Expert Advisors There are a few Expert Advisors readily available. Some has great reviews while some have terrible reviews circulating online. Expert advisors on the Metatrader platform facilitate the automation of trading. traders have to know about the pitfalls and understand how to vet a expert advisor before depositing funds.

Pros and Cons of Best MetaTrader 4 Forex Brokers

When trading for a favorable result make sure you have a good trading knowledge and understanding of the MetaTrader 4 platform. MT4 brokers vary greatly and you should understand exactly what your mt4 broker is offering you.

MT4 was developed originally as primarily a windows application for clients, although some brokers to offer a Apple Mac OS custom variant of MT4. So make sure MT4 is compatible with your operating system and trading computer.

Sign up with a demo account to see if a broker meets your trading needs. Be aware that Forex trading does involve risk so make sure you understand your Metatrader 4 platform thoroughly.

The popularity of MT4 software

Forex market can be volatile and not friendly for most traders. It is an exact challenge for anyone who wants to join.

While the market is not easy, traders should have the best platform to use to maximize their chances for profiting. Clearly, it is everyones effort.

MT4 trading platform are by far the best software which can help the traders to trade their assets without hassle.

Due to its robust experience, MT4 platform is adopted by a lot of brokers from around the world. Most of these brokerages have believed the capabilities of the MT4.

The safe and secure trading environment is their primary concerns. Thereafter, there is a user-friendly interface which is also the strong reason why MT4 is popular.

No matter how much your trading experience, you can make use of this app to earn more profits.

It also supports multiple languages. There is a possibility that you can use the MT4 in your own native language.

All of these features have helped the MT4 trading platform become the first choice when trading online.

We've collected thousands of datapoints and written a guide to help you find the best Mt4 Brokers 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 mt4 brokers below. You can go straight to the broker list here.

Reputable Mt4 Brokers Checklist

There are a number of important factors to consider when picking an online Mt4 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.

Our brokerage comparison table below allows you to compare the below features for brokers offering Mt4 Brokers.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Mt4 Brokers of 2020 compared

Here are the top Mt4 Brokers.

Compare Mt4 Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are mt4 brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more mt4 brokers that accept mt4 clients

Broker IC Markets XTB FP Markets Pepperstone XM FXPrimus Roboforex EasyMarkets City Index Markets.com AvaTrade
Rating
Regulation Australian Securities and Investment 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 Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI)
Min Deposit 200 No minimum deposit 100 200 5 100 1 100 25 250 250
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 60,000+ 250,000+ 10,000+ 10,000+ 70,000+ 10,000+ 10,000+ 142,500+ 14,000+ 10,000+ 200,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Demo account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps MT4, MT5, Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
icmarkets
Sign Up with
xtb
Sign Up with
fpmarkets
Sign Up with
pepperstone
Sign Up with
xm
Sign Up with
fxprimus
Sign Up with
roboforex
Sign Up with
easymarkets
Sign Up with
cityindex
Sign Up with
marketscom
Sign Up with
avatrade
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. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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 Losses can exceed deposits Losses can exceed deposits Your capital is at risk 74% of retail investor accounts lose money when trading CFDs with this provider 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. 79% of retail investor accounts lose money when trading CFDs with this provider
Demo IC Markets
Demo
XTB
Demo
FP Markets
Demo
Pepperstone
Demo
XM
Demo
FXPrimus
Demo
Roboforex
Demo
easyMarkets
Demo
City Index
Demo
Markets.com
Demo
AvaTrade
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 US, JP, NZ BR, KR, IR, IQ, SY, JP, 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. US, JP US 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 RU, BR, CH, ZA, SG, JP, US, CA, BE, IL, TR, NZ, MY, SY, TH, ID, IR, IQ, HK, PH, PR BE, BR, KP, NZ, TR, US, CA, SG

All Mt4 brokers in more detail

You can compare Mt4 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 Mt4 Brokers for 2020 article further below. You can see it now by clicking here

We have listed top Mt4 brokers below.

Mt4 Brokers List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 60000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 250000+ traders. 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. XTB offers Forex, CFDs, Cryptocurrency

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by 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
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 10000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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 Pepperstone offers Forex, CFDs, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 70000+ traders. Your capital is at risk XM offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
FXPrimus
(4/5)
Min deposit : 100
FXPrimus was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
City Index
(4/5)
Min deposit : 25
City Index was established in 1983 and is used by over 14000+ traders. 74% of retail investor accounts lose money when trading CFDs with this provider City Index offers Forex, CFDs, Spread Betting

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS)
Markets.com
(4/5)
Min deposit : 250
Markets.com was established in 2008 and is used by over 10000+ traders. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Markets.com offers Forex, CFDs and Spread Bets. Spread Bets are only available to UK customers

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
AvaTrade
(4/5)
Min deposit : 250
AvaTrade was established in 2006 and is used by over 200000+ traders. 79% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, CFDs, Spread Betting, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI)