Top Mt4 Brokers for 2024

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

Best Mt4 Brokers Guide

Analysis by Andrew Blumer, Updated and fact checked by Senad Karaahmetovic, Last updated - May 22, 2024

Best MT4 Brokers

As someone who's been using the MT4 trading software for a while, I can tell you that finding a broker that meshes well with your trading style is crucial. In Europe, IC Markets, eToro, XTB, and XM stand out for their compatibility with the MT4 platform. Here's a no-nonsense breakdown from one trader to another:

Best MT4 Brokers Compared

IC Markets

IC Markets Screenshot

IC Markets offers users MT4 and shines for those of us looking for razor-thin spreads and lightning-fast execution, key for scalping and day trading. You can also use MT4 with VPS and install your own plugins and scripts. They've got a solid lineup including Forex, commodities, indices, and even crypto. The regulatory backing by ASIC and CySEC is a cherry on top for peace of mind.

RoboForex

Roboforex Screenshot

RoboForex is the go-to for traders who demand a robust MT4 setup across devices. If you're into a variety of instruments and don't mind leveraging up, this one's for you. The platform's user-friendly nature and speedy execution make it a solid choice for those looking to act on their market insights quickly.

XTB

XTB Screenshot

For the MT4 traders among us who live and breathe market analysis and need top-notch research tools, XTB is a no-brainer. Their educational resources are gold for both newbies and seasoned traders aiming to up their game. Plus, FCA and CySEC regulation means you're trading in a secure environment.

XM

XM Screenshot

XM stands out for those who value a MT4 broker that's got your back. Their customer support is top-tier, and the range of account types and instruments makes it a versatile choice for various trading strategies. The triple regulation by ASIC, CySEC, and IFSC is a testament to their reliability and trustworthiness.

MetaTrader 4 Brokers

MetaTrader 4 (MT4) brokers offer the latest tools and services to help traders in their trading business. What is important for new traders is that you can basically start to trade within a few seconds after opening your demo account. MT4 has various automated tools to help you trade more accurately and efficiently. 

These tools make your trades using MT4 Brokers simple and easy to manage. For instance, MT4 Expert Advisors is a feature found with many MT4 Brokers. They are extremely helpful to beginners in the Forex industry, providing useful information to help you make decisions based on market conditions.

The top MT4 expert advisors will provide information to give you a clear picture of how a certain trade may play out. You can use these expert advisors to guide your Forex investment decisions but always remember to seek proper legal advice before proceeding with any trading.

Depending on the brokerages, the trading platforms can differ. Amongst these trading platforms, MetaTrader 4 or MT4 is arguably rated as one of the most popular. It provides robust, resilient tools and features for serious traders worldwide. MT4 is considered one of the best trading platforms in the world. Professional brokers in the Forex industry widely use the MT4.

MT4 has become the most mainstream trading platform in the world. Apart from the features factors, professionals and retail traders often pick the platform because it provides great security.

Thanks to its 128-bit encryption, it can guarantee a safe and secure trading environment played by serious traders. The customisation of MT4 is also why many brokerages use this to facilitate traders to trade Forex and other securities.

Defining MetaTrader 4 Or MT4

MetaTrader 4 is a platform known for facilitating trades. The software features two primary components, i.e., the server and the client. Traders use the client component that can be downloaded on any device. Brokerages, on the other hand. Use the server component.

MT4 Trading Charts

MetaTrader 4 also caters to the market and pending orders. In the case of pending orders, the deal is held until the asset's price reaches a certain green light level. On the other hand, market orders are considered more dynamic since they can be instant executions, request execution, instant execution, and exchange execution. Market orders are more dynamic because these can be in the form of instant execution, market execution, request execution, and exchange execution.

This program has set a benchmark for its many rivals in the trading industry. 

MT4 Brokers: What To Look For?

MT4 Trading is one of the fastest-growing trends in the online Forex markets. With an estimated 50% of the Forex market now being conducted on MT4 platforms, many traders have switched to it to take advantage of all the benefits this platform offers. But what are the key factors to consider when selecting an MT4 broker? This article will highlight several key areas to consider to ensure you choose the best broker for your trading needs.

The MT4 trading platform is fully automated, allowing users to execute trades without spending precious time in front of the computer. In addition, most MT4 platforms also come with advanced analytics and charting tools that allow tracking past and present trends to determine profitable trends and behaviour. For example, one of the popular tracking and trend tools being used by MT4 Brokers is called Metatrader 4.

Metatrader has proven itself to be exceptionally reliable and trustworthy regarding trading platforms, as it's almost entirely based on scalability and is highly customisable, being easy to use for beginners and veterans alike. With over 40 years of service in the Forex markets, MT4 has the expertise and the reputation to back it up, making it the obvious choice when selecting a platform for trading Forex.

Most MT4 online brokers offer a free demo account that you can use to practice trading strategies and learn about the MT4 trading platform before making a financial investment. When trading using an online brokerage, testing the product and learning how it works before risking real funds is always important. MT4 online brokers offer great user interfaces because of their wealth of experience and the extensive testing they've undergone and continue to undergo.

How To Trade Using MT4 Brokers

To initiate basic stock market trades, begin by downloading and instaling MetaTrader 4. After you conducted thorough research on potential stocks using financial data, news, and market trends, try placing orders using demo account.

MT4 Broker Watch List

Choosing a trading strategy is especially important and should not be taken lightly. MT4 Forex brokers have different trading strategies based on the experience and skills of traders and the style and rules of the platform itself. Therefore, it is important to consider your trading goals and then find a broker that matches your personality. Some traders may prefer a hands-off approach, while others may like to spend more time monitoring the market and tweaking their strategy as the market changes. Some specialised MT4 brokers work best with specific sectors, such as equities or commodities.

However, just because MT4 is an extremely popular Forex platform doesn't mean it's the best. It's important to realise that no platform is flawless, and while MT4 has some excellent features, it also has quite a few drawbacks that you should be aware of.

These disadvantages can be tricky to overcome, but with some simple education, you'll likely find ways to work around them. And while the trading system is designed to simplify the complex world of Forex trading, it does have a few flaws that could hinder your trading success.

When ready to trade, choose between live market orders (executed at the current price) with risk management like a set price for a limit order in MT4. Keep a close eye on your portfolio's performance and market changes. Execute trades by clicking the appropriate buttons on the brokerage platform. Regularly review and adjust your investment strategy based on evolving market conditions.

If you are brand new to the Forex market (or have been on it for only a brief time), there is a good chance that you've heard of or are currently using various trading strategies like scalping, trends trading, and other such strategies. However, it can be difficult to determine which strategy you should use at any given time. MT4 is currently among retail traders' most widespread trading platforms, thanks in part to its ease of use, a wide range of indicators, and ease of use.

MT4 Brokers Offer' Free Demo' Accounts - While most MT4 brokers offer free demo accounts, only a few offer MT4 demo accounts with real money. Most free demos are simply demonstration accounts that allow you to practice trading through a set of questions. These accounts cannot hold actual cash, so you cannot win trades nor learn how to interpret and strategise Forex signals. The one advantage of these demo accounts is that you can learn how to use the trading platform to pursue a real Forex trading career.

MT4 Brokers Are Only For Large Trader(s) - Although some demo accounts allow you to trade small sums of money, the MT4 trading platform itself is not meant for the big time. MT4 isn't for you if you're a professional trader with hundreds of trades at a time. It would be a shame to waste time on software that doesn't meet its full potential.

MT4 Tutorial: How To Get Started

MT4 Tutorials can be found online. Hundreds of tutorials are available for just about every topic under the sun. When you are looking for a tutorial to learn how to get started with an online business, you need to make sure that you do your homework before spending any money on training. You don't want to spend your hard-earned money on something that won't get you the results you are looking for.

Many websites offer free tutorials to get you started. You might even find some that offer free MT4 Tutorial: How to Get Started videos that you can watch on your computer. When looking for a video tutorial, you will want to look at the ones that offer the most comprehensive information. You want to look for tutorials that cover all the areas you need to be covered to succeed. Some websites will offer short introductory videos that will give you an innovative idea of their tutorial style. Look for one that covers the area you are having problems with.

MT4 Tutorials may also offer a free look at a specific business portion. They have tutorials that will help you get started on the unique features that your business has. If you are having problems with a specific aspect of your business, they likely have a tutorial to help you get started. If you want to learn more about the MT4 Tutorial: How to Get Started with an Online Business, you may also find information on how to subscribe to their website.

MT4 Execution

As referred to MT4 has market orders. In market execution, the basis is 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 decide based on the prices shown. Similarly, instant execution occurs when the traders execute at a price displayed on the trading platform.

For Exchange execution, as the name suggests, the exchange does the orders. This kind of execution is not based on the depth of the market. Then we have the request execution order. In this execution, the traders will carry out the market order in two simple steps. The first step is to request a quote.

Then, when the quote is issued, the traders will have some time to decide if they want to proceed to the next step. The request orders will give ample time for traders to make informative decisions. The MT4 platform, like other trading software, also comes with different versions, and essentially, all of the MT4 versions have the same functions.

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

Why MT4 is Popular

The platform was launched by MetaQuotes in 2005 and licensed to Forex brokers to provide customer services on a less complicated system. Over fifteen years, the platform has become one of the most desired platforms by traders and brokers alike. The platform is currently seen as the industry standard in the Forex industry. MT4 brokers offering the platform usually draw in new traders because of the platform's simple interface and many features.

MetaTrader 4 is widely embraced in the financial industry due to its user-friendly interface, accommodating both beginners and seasoned traders. The platform's advanced charting tools, technical analysis features, and customizable indicators enable in-depth market analysis. MT4 supports automated trading through Expert Advisors, allowing users to implement algorithmic trading strategies. Its popularity is further reinforced by a large and supportive community of users, fostering collaboration and knowledge sharing within the trading community.

How To Choose The Best MetaTrader 4 Brokers

Before moving forward, traders can consider five main factors about MT4 brokers, which are discussed below:

Trustworthiness

The most crucial step for choosing a broker is looking into their trustworthiness. This quality is featured only in brokers regulated by reputable regulatory bodies like the FCA or CySEC. Such regulators levy strict measures on brokers to keep their clients safe from fraud.

Trading Freedom

Every broker decides the assets they want to make available for trade through their Metatrader 4 terminal. Even though it is most common for brokers to provide all types of minor and major currency pairs, some offer a greater variety of asset classes like stocks, exotic pairs, and digital currencies. Considering anyone has a specific set of financial instruments they want to trade, it helps to check whether their chosen broker offers it on their platform.

The Costs

All brokers offer different commissions, spreads, fees, and swap rates. These altogether vary on how much it may cost a user to trade with them. It is always advisable to do the math to determine how much the user will pay for every trader with their chosen broker.

Trade Execution Methods

A majority of brokers will take up that particular role for their trading clients, taking the opposite side of their trade for them to be able to carry out the trades they want. Such brokers are mainly known as 'market makers'. Other brokers, like ECN brokers, link their clients up with another bank or trader who wishes to take the role opposite them.

Both execution styles have their benefits and drawbacks. ECN brokers often have pricing for high-volume seasoned traders and high minimum deposit limits. Market makers, on the other hand, are better for traders wanting to trade in smaller amounts.

MT4 Broker Funding And Withdrawals

When it comes to funding and withdrawing from your MT4 account. It might seem mundane, but it's as crucial as picking the right trades. First off, the speed of funding and withdrawals can make or break your trading strategy. Imagine spotting a perfect entry point, but your funds are stuck in limbo. Or worse, you've nailed a trade, but can't access your profits when you need them. It's not just frustrating; it can cost you real opportunities.

Then there's the cost factor. Every broker has different structures - some charge a flat fee, others a percentage, and some might even absorb the fees for you. But remember, those fees add up over time, eating into your profits. You need a broker that offers a fair shake, not one that nickel and dimes you at every turn.

Now, let's talk options. The days of wire transfers being your only choice are long gone. E-wallets like PayPal, Skrill, and Neteller have become game-changers, offering faster transactions and often lower fees. Cryptocurrency payments are also on the rise, providing anonymity and speed, though they come with their own set of volatility risks.

But here's a pro tip: always double-check the security measures. The last thing you want is for your financial information to be compromised. A reputable broker should offer encryption and other safeguards to protect your transactions.

And let's not forget about accessibility. Depending on where you are in the world, some payment options might not be available to you. It's vital to ensure your broker supports payment methods that work in your region.

So, when you're choosing a broker, don't just look at their spreads or leverage. Dive into their funding and withdrawal policies. It might seem like homework, but trust me, it's worth it. It's those little details that can make a big difference in your trading journey.

Allowed Trading Volume And Size

Brokers often impose specific limits on their clients, e.g., maximum and minimum deposit amounts, minimum trade sizes, and maximum open trade amounts.

Traders aiming to trade with specifically high or low amounts of funds must see whether their chosen broker allows such a thing. Metatrader 4 may show errors if they attempt to open traders or deposit amounts incompatible with the limits established by their chosen brokers.

Some other, less important, factors to consider are the broker's time zone or whether the broker accepts specific funding methods like PayPal, Skrill, crypto, Debit cards as well as bank transfers.

MT4 Customer Support

No matter how experienced a trader is, there will always be times when they might need additional support. In such a case, brokers offering solid post-sales attention is crucial. To get the best experience, seeking 24/5 customer support in both tech assistance and account issues is advisable. Some brokers even offer multi-language support.

Why Are MT4 Demo Accounts Important?

I've been in this game for more years than I care to admit, and if there's one piece of advice I can give, it's this: never underestimate the value of a good demo account, especially with MT4.

Think of it this way: you wouldn't jump into the deep end without knowing how to swim, right? Well, trading's no different. The markets are a beast of their own, unpredictable and full of surprises. A demo account? That's your swimming pool where the water's just right, no currents, no sharks, just you getting the feel of things.

MT4, with its charts, indicators, and all the bells and whistles, can be overwhelming. It's like sitting in the cockpit of a fighter jet with all those controls. Where do you even start? A demo account gives you the lay of the land. You can tinker with strategies, get a feel for the market's rhythm, all without risking a single dime of your hard-earned money.

MetaTrader Charting And Tools

The platform's desktop version has an easily navigable design. Various charting tools and default indexes offer traders good starting points for analysing stocks, commodities, or currency pairs. Those looking for more advanced evaluation tools, indicators, and approaches can buy or rent them from the MQL5 market found on the platform.

MetaTrader 4's charting and tools offer traders advanced features for comprehensive market analysis. With customizable indicators and an array of technical analysis tools, users can gain deep insights into price movements. The platform's robust charting capabilities contribute to its popularity among traders for effective decision-making and strategy implementation.

Social Copy Trading And Signals Market Trading

The MT4 MQL5 Community offers a signals market that allows users to copy the live transactions of qualified signal suppliers called social copy trading. Some contributors have done revolutionary things, such as offering push notifications with live prices. Features, subscription costs, and fees vary for every supplier in the marketplace. Expert advisors are also easily available, with some having complimentary reviews and some having bad. These advisors facilitate trading automation, so traders must know how to vet an advisor before depositing funds.

How To Copy Trade On MetaTrader 4

Metatrader 4 offers many social trading features, including Trading Signals. Trading Signals lets users automatically copy another trader's trades in real time. This feature is often provided for free, but some other Signal providers require a certain fee to replicate their traders. To copy a trader, users must have an active Metatrader 4 live account and an MQL5 account with enough funds. This way, users can look at a specific list of signal providers they can subscribe to in the 'Signals' section.

Scalping And Hedging Using Metatrader 4

Scalping is an intraday trading method that exploits small moves in the market. Scalping can be executed effectively on the MetaTrader 4 platform, owing to its prompt single-click trading aspect.

It is important to note that this method may not be permitted by a broker prohibiting it. Some brokers may even implement a 'holding time' requirement for trades, and that could render the strategy less achievable.

Hedging is allowed on the MetaTrader 4 platform. However, similar to scalping, some jurisdictions and brokers impose specific rules on whether or not traders are allowed to hedge positions in that way.

For instance, numerous Metatrader 4 brokers based in the UK allow their customers to hedge trades on their platform. They also tally the trader's margin requirements. Consequently, if a trader hedges a trade, the original trade's margin is reduced upon setting a hedge. A hedge trade can completely or partially removes the risk associated with the initial position.

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 maximise their profit chances. It is everyone's effort.

MT4 trading platforms is the best software that can help traders trade their assets without hassle.

Due to its robust experience, the MT4 platform is adopted by many brokers worldwide. Most of these brokerages believed in the capabilities of the MT4.

The safe and secure trading environment is their primary concern. After that, there is a user-friendly interface which is also why MT4 is popular.

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

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

These features have helped the MT4 trading platform become the first online trading choice.

MT4 Benefits

The MT4 platform is trusted globally, with millions using its broad features. For many years, reputable brokers have provided MetaTrader 4 to their customers instead of their private trading platforms. The program has a beginner-friendly interface with sufficient opportunities for traders with all skill levels. Below are the advantages of using MT4:

Access To Market Prices And Liquidity

MT4 lets traders access Forex quotes to carry out trades. Any securities (currencies, for example) the trader chooses to trade via an MT4 broker are found in the Market Watch section. The bid or ask quote is also found next to the security symbol. Traders can also use the MT4 to look at other details like contract sizes, spreads, margin currency, and percentages from that same window.

In addition, an extra feature called market depth informs traders of market activity (real-time). For example, the buy and sell orders of currency pairs at varying price rates can be found in the market depth area.

This gives traders intel into market sentiment. If the data shows that the offer side liquidity is less than the bid side liquidity, the trend can be seen as bullish for a currency pair. There are usually greater chances of orders being executed at the current price rates in case of increased liquidity. Liquidity may prove extremely helpful for short-term trading methods such as scalping.

Multiple Execution Modes And Trading Orders

There are several kinds of execution methods and trading orders available on the MT4 via the best MT4 brokers, enabling traders to establish and use the strategy of their choosing. The system permits four kinds of pending orders and two market orders. Besides that, users also get three diverse types of trade execution modes, which offers them considerable flexibility.

Devising strategies for risk management is vital for trading Forex successfully. The MT4 trading platform offers two kinds of stop orders, i.e., trailing stocks and taking profit orders to diminish risks. A stop-loss order exits a trading position automatically whenever the market heads in a direction not predicted by the forecast.

The take profit feature lets traders set up their desired gain level and exit the position when the price reaches a preset level. It is quite simple to place trading orders. They can either be executed from the chart directly or the toolbar section. They can be modified and deleted with ease, too.

The several types of orders offered make MetaTrader 4 suitable for all kinds of traders. Traders who may not want to choose Forex trading as a career can also use MT4 for trading.

Analysis Tools Of All Levels

With many built-in tech indicators and charting features, the MT4 platform provides various price analysis tools. The system has over thirty built-in tech indicators, which include volume and trend tools such as MACD (or Moving Average Convergence Divergence), OBV (On-Balance Volume, RSI (Relative Strength Index (or RSI), and Fibonacci Retracements, etc.

Traders can simultaneously use the platform to look at unlimited charts. Moreover, every currency pair can be seen in nine different timeframes, i.e., from minute intervals to monthly intervals. Users can source extra charts from MQL4 community forums or build indicators independently.

Detailed chart analysis tools and drawing object features help traders analyse price movements of any complexity level. Besides that, users can customise these charts to suit their needs. The charts can also be saved based on trader profiles.

Users can predict movements in price, determine resistance and support levels, set stop-loss limits, and establish entry and exit points from the charts. They can set alert notifications for financial news or crucial economic information and personalise information relevant to their chosen market.

Solid Security Features And Stability

According to MT4 reviews, the program is highly stable and secure for users. Data transactions between customer terminals and servers are encrypted via a 129-bit key. The platform also offers RSA (Rivest–Shamir–Adleman) signatures. The platform also secures trader IPs. These security features let traders transact funds in a safe and secure environment, their user accounts protected from cyber-attacks.

The platform's fast trade execution and security features let users trade without worrying about negative slippage. Users can also use the system from other devices like smart gadgets, allowing them to trade while on the move. The platform's mobile version comes with all the same features the desktop version offers, i.e., tech analysis tools, full order sets, and charts.

The mobile version of MetaTrader 4 also offers extra features like the MT4 live chat feature and push notifications. Ultimately, Mt4 is ideal for traders of all ages.

Automated Trading For Seasoned Traders

Seasoned traders can easily execute automated trading via MT4 EAs. Automated trading enables traders to leverage market price movements smartly without intervention or human bias. Besides that, the IDE (or Integrated Development Environment) lets users build or set up their tech indicators or EAs. After building an EA, the platform's Strategy Tester can test and improve any trading strategy.

Personalised EAs have aided seasoned traders in creating and executing their trading strategies. The platform also allows users to monetise their established strategies and publish them for others on the marketplace. This way, traders can get paid for their programming expertise because the MQL4 jargon is easy to learn.

MT4 is a fairly versatile program, its USPs being its main level of personalisation and flexibility options. MetaTrader is a top choice among beginners and professionals with infinite tech tools, easy-to-use controls, strategy-testing abilities, and educational resources.

Why Some Traders Use MT4 Vs MT5

You know, it's quite fascinating how we, traders, have our unique preferences when it comes to trading platforms. Take MT4 and MT5, for example. You'd think everyone would be jumping on the MT5 bandwagon, given its newer features and capabilities. But that's not always the case.

For starters, MT4 has this kind of 'classic' feel to it, almost like an old, reliable car that you know inside out. It's been around since 2005, and over the years, it's built a solid reputation for reliability and simplicity. It's user-friendly, which makes it a go-to for many traders, especially those who've been in the game as long as we have.

Then there's the aspect of customizability. MT4 has an incredible ecosystem of custom indicators and Expert Advisors (EAs). Over the years, traders have developed a myriad of tools tailored to MT4's environment. Switching to MT5 means giving up on a treasure trove of these custom tools unless they're rewritten or adapted for the newer platform, which can be a hassle or sometimes not feasible.

Liquidity is another critical factor. Because MT4 has been the industry standard for so long, it has a massive user base, which translates to significant liquidity. This is crucial for executing large orders without slippage. MT5, despite its advanced features, hasn't yet reached the same level of market penetration, which can be a deal-breaker for high-volume traders.

And let's not forget about the trading community. The community around MT4 is vast. There's a wealth of forums, discussion groups, and resources dedicated to MT4 trading strategies, indicators, and EAs. This community support makes problem-solving much easier and fosters a sense of camaraderie among users.

MT4 Brokers Verdict

Metatrader 4 is an excellent program for most kinds of traders, especially beginners. It is known to run smoothly, offer many features, and is reliable to use. However, you will encounter numerous brokers, which may be confusing. It helps to ask for a free 30-day trial and try things out before committing to one broker. This way, you will be sure about the services you will receive.

We have conducted extensive research and analysis on over multiple data points on Mt4 Brokers to present you with a comprehensive guide that can help you find the most suitable Mt4 Brokers. Below we shortlist what we think are the best mt4 brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Mt4 Brokers.

Reputable Mt4 Brokers Checklist

Selecting a reliable and reputable online Mt4 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 Mt4 more confidently.

Selecting the right online Mt4 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.

Compare Key Features of Mt4 Brokers in Our Brokerage Comparison Table

When choosing a broker for mt4 trading, it's essential to compare the different options available to you. Our mt4 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 mt4 broker that best suits your needs and preferences for mt4. Our mt4 broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 Mt4 Brokers of 2024 compared

Here are the top Mt4 Brokers.

Compare mt4 brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a mt4 broker, it's crucial to compare several factors to choose the right one for your mt4 needs. Our comparison tool allows you to compare the essential features 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 Roboforex XM Pepperstone AvaTrade FP Markets NordFX EasyMarkets FXPro Admiral ThinkMarkets
Rating
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
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 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+
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
  • 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
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • 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
  • Low min deposit
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Demo account
  • Standard account
  • Islamic account
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, cTrader, 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
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
roboforex
Sign Up with
xm
Sign Up with
pepperstone
Sign Up with
avatrade
Sign Up with
fpmarkets
Sign Up with
nordfx
Sign Up with
easymarkets
Sign Up with
fxpro
Sign Up with
admiralmarkets
Sign 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. 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 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, 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, 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


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 2024 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 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Roboforex
(4/5)
Min deposit : 10
Roboforex was established in 2009 and is used by over 1000000+ traders. Losses can exceed deposits Roboforex 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 ECN account
Islamic account VIP account
Regulated by 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
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 10000000+ traders. 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. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies 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 ECN account
Islamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 400000+ traders. 75-95 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by 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
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 300000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by 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
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, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by 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)
NordFX
(4/5)
Min deposit : 1
NordFX was established in 2008 and is used by over 10000+ traders. Losses can exceed deposits NordFX offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008
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. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
FXPro
(4/5)
Min deposit : 100
FxPro was established in 2006 and is used by over 1866000+ traders. 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider FxPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)
Admiral
(3/5)
Min deposit : 200
Admiral Markets was established in 2001 and is used by over 10000+ traders. Losses can exceed deposits Admiral Markets 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 ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
ThinkMarkets
(3/5)
Min deposit : 0
ThinkMarkets was established in 2010 and is used by over 500000+ traders. 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 ThinkMarkets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by 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)

Learn more Learn more about IC Markets.
Losses can exceed deposits
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Losses can exceed deposits