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Metatrader 4 (MT4) is the most commonly used Forex trading platform and is supported by the vast majority of brokers. While there is now a newer version, MT5, MT4 is still widely recognised for its trade execution speeds, charting tools, customizability and overall brilliance. 

To test these brokers, we downloaded and connected the platform with our trading accounts. Setting up MT4 can be a challenge, so we engaged with customer service to create a customised dashboard featuring indicators and advanced charts and started trading to test execution speeds and slippage. Where possible, we downloaded EAs from the broker to test the social trading functionality of the platform and broker combination.  These are the best MT4 brokers in the UK for 2021, according to our testing and our research.

English

Best MT4 Brokers

Last updated on 12 May 2021
Updated 12 May 2021
by Editorial Director Jeffrey Cammackby Jeffrey Cammack
Jeffrey Cammack
All Brokers Regulated
All Brokers Regulated
by Trusted Authoritiesby Trusted Authorities
Trusted
1
AvaTrade
Min. Deposit
GBP 100
4.484.48
Min. Spread
0.90 pips
Trading Platforms
Fx Pairs
50+
Overall Rating
11110.54.48/ 5
AlertAccepts UK Clients. Average spread EUR/USD 0.9 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. AvaTrade Group regulated by ASIC, FSCA, B.V.I FSC & FSA. 72% of traders lose money with this provider.
2
XM
Min. Deposit
GBP 5
4.384.38
Min. Spread
0.60 pips
Trading Platforms
Fx Pairs
57
Overall Rating
11110.54.38/ 5
AlertAccepts UK Clients. Average spread EUR/USD 1.60 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. XM Group regulated by CySEC, ASIC, and the IFSC. 77.19% of traders lose money with this provider.
3
Pepperstone
Min. Deposit
GBP 5
4.614.61
Min. Spread
0 pips
Trading Platforms
Fx Pairs
80+
Overall Rating
11110.54.61/ 5
AlertAccepts UK Clients. Average spread EUR/USD 0.09 pips with 7 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 & cTrader platforms supported. Pepperstone is regulated by the FCA, ASIC, and the DFSA. 79.3% of traders lose money with this provider.
4
IG Markets
Min. Deposit
GBP 250
4.694.69
Min. Spread
0.60 pips
Trading Platforms
Fx Pairs
93
Overall Rating
11110.54.69/ 5
AlertAccepts UK Clients. Average spread EUR/USD 0.60 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, ProRealTime and L2 Dealer platforms supported. IG Markets Group is regulated by FCA, ASIC, and the FSCA. 75% of traders lose money with this provider.
5
Axitrader
Min. Deposit
GBP 5
4.344.34
Min. Spread
0 pips
Trading Platforms
Fx Pairs
80+
Overall Rating
11110.54.34/ 5
AlertAccepts UK Clients. Average spread EUR/USD 1.20 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. Axi Group is regulated by the FCA, ASIC and the DFSA. 75.6% of traders lose money with this provider.
6
IC Markets
Min. Deposit
GBP 200
4.464.46
Min. Spread
0.10 pips
Trading Platforms
Fx Pairs
60
Overall Rating
11110.54.46/ 5
AlertAccepts UK Clients. Average spread EUR/USD 0.10 pips with 7 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 & cTrader platforms supported. IC Markets is regulated by CySEC and ASIC.
7
easyMarkets
Min. Deposit
GBP 25
3.983.98
Min. Spread
0.90 pips
Trading Platforms
Fx Pairs
103
Overall Rating
1110.503.98/ 5
AlertAccepts UK Clients. Average spread EUR/USD 1.80 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & the proprietary easyMarkets platform are supported. easyMarkets is regulated by CySEC, ASIC, and the FSA in Seychelles. 73% of traders lose money with this provider.
8
BDSwiss
Min. Deposit
GBP 100
4.324.32
Min. Spread
1.40 pips
Trading Platforms
Fx Pairs
50+
Overall Rating
11110.54.32/ 5
AlertAccepts UK Clients. Average spread EUR/USD 1.50 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. BDSwiss is regulated by CySEC, FSC, and the FSA-Seychelles.*Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.3 % 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.
9
Tickmill
Min. Deposit
GBP 100
4.124.12
Min. Spread
0 pips
Trading Platforms
Fx Pairs
60+
Overall Rating
11110.54.12/ 5
AlertAccepts UK Clients. Average spread EUR/USD 0.20 pips with 4 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 platform support. Tickmill is regulated by CySEC, FCA, FSCA, and the FSA-Seychelles. 73% of traders lose money with this provider.

How to compare MT4 Brokers

When setting up a trading account, it is common for a broker to support various trading platforms. As you compare brokers, it is important to pay special attention to factors that set these MT4 accounts apart from the accounts offered connected with other trading platforms. To compare MT4 Forex brokers, we need to consider the following:

MT4 account types: While a broker will support MT4, brokers often have multiple account types, and it could be that not all account types will allow you to trade using the MT4 platform. If you intend to use MT4, verify the account that best suits you also supports MT4. 

MT4 trade execution and conditions: Be sure to check the trading conditions of your MT4 account. The trade execution method, speed of execution, and the trading costs of your trade can all be impacted by the platform and account combination. As you choose your MT4 account, be sure to verify the conditions against what was advertised.

MT4 tools and plugins: The occasional broker offers plugins and tools for the platform. Axi offers Psyquation and Autochartist to clients for free, while Admirals, through cooperation with MetaQuotes, built MT4 Supreme Edition. These additions to the platform change the trading experience and add additional benefits to the trading platform.

MT4 support: Setting up a trading platform like MT4 can take time to install and customize. Select brokers will offer their assistance, which can be helpful for beginners. Be aware that some brokers have limited customer service hours, especially on weekends, so finding a broker whose customer service hours suit you. 


Best MT4 Brokers for 2021

🏆AvaTrade – Best MT4 Broker

AvaTrade is a globally renowned market maker with the best commission-free trading conditions available on the MT4 platform. AvaTrade MT4 offers low spreads across Forex, commodities, and a range of other CFDs. Max leverage is 1:30, and spreads are very tight for a 100 USD minimum deposit and no commission – as low as 0.7 pips on the EUR/USD.

AvaTrade supports all native features of MT4, such as nine timeframes, EA functionality and 30 built-in indicators. AvaTrade also has the Guardian Angel system. This personalised trading feedback tool helps traders refine their decision-making and includes support for automated trading platforms like ZuluTrade and DupliTrade and free Trading Central for all MT4 clients.

Pros
  • Good for beginners
  • Well regulated
  • Low minimum deposit
Cons
  • Dealing desk
  • Limited market analysis
AlertAccepts UK Clients. Average spread EUR/USD 0.9 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. AvaTrade Group regulated by ASIC, FSCA, B.V.I FSC & FSA. 72% of traders lose money with this provider.

🏆XM – Best MT4 Education

An FCA regulated market-maker with tight spreads over three simple account types, XM stands out from a crowded field of MT4 brokers for its educational support and customer service. XM’s MT4 video tutorials guide new traders through all the important features of XM’s MT4 platform. Tutorials cover everything from opening a trading account to understanding pending orders and backtesting Expert Advisors.

All MT4 accounts have a max leverage 1:30, negative balance protection, and minimum deposits start from 5 GBP. XM MT4 spreads are as low as 0.6 pips, and 99.35% of all trades are executed in less than 1 second. XM also has a strict no-requotes/rejection policy, which means that all trades are always filled at the price expected. MT4 users will be able to trade Forex, stock indices, precious metals, and energies.

Pros
  • Well regulated
  • Excellent education
  • Wide range of assets
  • Fast and free withdrawals
Cons
  • Dealing desk
AlertAccepts UK Clients. Average spread EUR/USD 1.60 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. XM Group regulated by CySEC, ASIC, and the IFSC. 77.19% of traders lose money with this provider.

🏆 Pepperstone – Best MT4 Execution

A world-renowned Australian broker, Pepperstone offers MT4 support, ASIC regulation and two simple accounts with ECN execution. Most orders are executed in less than 30 milliseconds, ideal for scalpers and clients who run MT4’s expert advisors. The Standard MT4 Account is commission-free, and the average spread on the EUR/USD is 1.09 pips. The Razor MT4 Account charges a 7 USD round turn commission, but the average spread on the EUR/USD is 0.09 pips – about as close as traders can get to zero spread as possible.

The Pepperstone MT4 trading experience comes with live quotes, real-time charts, in-depth news, and analytics. Pepperstone also offers a package of Smart Trader Tools for MT4, a suite of 28 expert advisors and indicators to improve trade execution and management. Also, all MT4 users will get access to Autochartist – a powerful pattern recognition plugin that automatically identifies trading opportunities based on price trends.

Pros
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Wide range of assets
Cons
    AlertAccepts UK Clients. Average spread EUR/USD 0.09 pips with 7 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 & cTrader platforms supported. Pepperstone is regulated by the FCA, ASIC, and the DFSA. 79.3% of traders lose money with this provider.

    🏆 IG Markets – Best Regulated MT4 Broker

    IG Markets is possibly the best regulated and most trusted MT4 broker in the world. Regulated by ten national authorities, including the FSCA, FCA, ASIC, MAS, and FINMA, IG Markets is also publicly traded on the London Stock Exchange and has a full banking license. IG Markets offers tight spreads, full MT4 support, and excellent education and market analysis.

    IG Market’s version of MT4 takes the platform to another level with its package of free add-ons and indicators. Highlights include a Trade Terminal, Stealth Orders, a Correlation Matrix as well as a dozen indicators. Also, all IG clients get access to Autochartist for free. This powerful automated technical analysis tool scans the markets for opportunities that you may have missed. All these features are available with tight spreads, with the EUR/USD averaging 0.86 pips but sometimes as low as 0.6 pips, and commission-free trading.

    Pros
    • Well regulated
    • Tight spreads
    • Great platform choice
    • Excellent education
    • Excellent market analysis
    Cons
    • High minimum deposit
    AlertAccepts UK Clients. Average spread EUR/USD 0.60 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, ProRealTime and L2 Dealer platforms supported. IG Markets Group is regulated by FCA, ASIC, and the FSCA. 75% of traders lose money with this provider.

    🏆 Axi – Best MT4 Customisation Options

    Built by traders, for traders, Axi is an Australian ASIC and FCA regulated ECN broker with full MT4 support, great trading tools, and excellent customisation options. By only supporting the MT4 platform, Axi offers the most customisable MT4 experience in the world. Axi offers a range of tools for MT4, but one of the highlights is its MT4 NexGen plugin.

    MT4 NexGen offers a sentiment indicator, a correlation trader, a more intuitive terminal window, and an automated trade journal. Apart from MT4 NexGen, traders at Axi have access to a range of tools. These include AutoChartist, the powerful automated technical analysis tool, and PsyQuation, an AI diagnostic that tracks your trading style and coaches you into more profitable trades. VPS hosting is also available, along with various trading algorithms to install on your MT4.

    Pros
    • Low minimum deposit
    • Wide range of assets
    • Well regulated
    • Tight spreads
    Cons
    • Poor customer service
    • Limited demo account
    AlertAccepts UK Clients. Average spread EUR/USD 1.20 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. Axi Group is regulated by the FCA, ASIC and the DFSA. 75.6% of traders lose money with this provider.

    🏆 IC Markets – Best MT4 for Beginners

    IC Markets is rare amongst ECN MT4 brokers, as it provides a welcoming environment for beginner traders. IC Markets offers an archive of structured course material, detailed independent market analysis, and expert-led webinars. IC Markets also provides excellent 24/7 technical support for the MT4 platform and more general queries.

    IC Markets offers two Raw Spread Accounts and a Standard Account, all with variable spreads, on the MT4 platform. The Raw Spread Accounts charge a small commission of 3.50 USD, but spreads are often down to 0 pips, averaging 0.1 pips on the EUR/USD pair. The Standard Account charges no commission but spreads start at 1 pip. IC Markets pricing relies on 25 different liquidity providers ensuring deep liquidity and the lowest spreads in the industry.

    Pros
    • Well regulated
    • Tight spreads
    • Wide range of assets
    • Great platform choice
    Cons
    • High minimum deposit
    • Limited market analysis
    AlertAccepts UK Clients. Average spread EUR/USD 0.10 pips with 7 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 & cTrader platforms supported. IC Markets is regulated by CySEC and ASIC.

    🏆easyMarkets – MT4 Broker with the Best Trading Tools

    easyMarkets has always innovated MT4, introducing tools like negative balance protection and guaranteed stop-loss back in 2001, which are now industry standards. EasyMarkets is still innovating a range of interesting risk management tools with MT4 support available on a single 25 USD account accompanied by tight EUR/USD 0.9 pip spreads. The easyMarkets MT4 platform includes a range of standard features, including pre-installed indicators and a huge range of base currencies for traders worldwide. 

    The latest tools released are the Freeze Rate, dealCancellation and EasyTrade tools to help new traders manage their risk. Freeze Rate allows traders to freeze a price for a few seconds to open a trade, which would help a volatile market. dealCancellation lets traders cancel a trade either one, three or six hours after the client opens the trade. EasyTrade is a simple trading tool that allows traders to set their risk level and hold a trade for a one, three, or six-hour period. A simple binary choice between up and down is all the trader needs to manage.

    Pros
    • Well regulated
    • Wide range of assets
    • Innovative trading tools
    Cons
    • Limited platform choice
    • Limited account options
    AlertAccepts UK Clients. Average spread EUR/USD 1.80 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & the proprietary easyMarkets platform are supported. easyMarkets is regulated by CySEC, ASIC, and the FSA in Seychelles. 73% of traders lose money with this provider.

    🏆BDSwiss – Best MT4 Tools and Analysis

    BDSwiss has taken the MT4 platform and optimised it with BDSwiss’ advanced technology to create a user-friendly trading interface designed to support traders of all levels. MT4 traders will benefit greatly from BDSwiss’ collection of MT4 trading tools and market-leading research for traders of all experience levels. 

    BDSwiss offers MT4 account types suitable for beginners and more experienced traders, including a Raw Account with spreads down to 0 pips. All accounts benefit from fast execution speeds, with 97.5% of all trades executed in less than 0.2 seconds.

    Pros
    • Tight spreads
    • Good for beginners
    • Wide range of assets
    Cons
    • Expensive withdrawals
    AlertAccepts UK Clients. Average spread EUR/USD 1.50 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. BDSwiss is regulated by CySEC, FSC, and the FSA-Seychelles.*Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.3 % 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.

    🏆Tickmill – MT4 Broker with Lowest ECN Commission

    An MT4-only broker and a regular winner of trading conditions awards, Tickmill offers tight spreads and commission on both ECN and traditional accounts, both of which offer copy trading. While Tickmill does not offer traders huge complexity, it does many of the basics with excellence, charging a low 4 USD per lot commission on its Pro Account.

    MT4 is the only platform supported at Tickmill, which offers STP market executed trades in 0.1 seconds on 62 currency pairs and CFDs on stock indices, metals, and bonds, without any dealing desk interference. While a Classic Account is available with no commission charged, the tight spreads and low commission on the ECN account are industry-leading, making it hard to find a lower commission MT4 broker with ECN execution.

    Pros
    • Tight spreads
    • Well regulated
    • Fast and free withdrawals
    • Wide range of assets
    Cons
    • MT4 only
    AlertAccepts UK Clients. Average spread EUR/USD 0.20 pips with 4 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 platform support. Tickmill is regulated by CySEC, FCA, FSCA, and the FSA-Seychelles. 73% of traders lose money with this provider.

    What is MetaTrader 4 (MT4)?

    Best MT4 Brokers

    MT4 is the most popular Forex trading platform in the world and has been for the last fifteen years. The launch of MT4 in 2005 changed the retail Forex industry almost overnight. It offered retail Forex traders an institutional-grade tool: Anyone with an internet connection was now on equal footing with professional Forex traders. 15 years later, MT4 is still the industry standard for several reasons:

    1. MT4 is the lowest-latency and a highly customisable trading platform, complete with a cutting-edge charting suite offering market charts overlaid with indicators from MT4’s library. 
    2. MT4 allows users to build or buy expert advisors (EAs), indicators, and other algorithmic trading tools using MQL4. 
    3. MT4’s algorithms and customisable charts allow retail traders to analyse market movements with precision and speed. Trades can then be made in an instant due to the platform’s execution speed.
    4. MT4 is available on mobile, tablet, in a web browser and as a downloadable application.

    This versatility makes MT4 the world’s leading trading platform.

    MT4 Pros and Cons

    Before you decide on whether to use an MT4 broker we need to look at the advantages and disadvantages of the MT4 platform.

    Pros

    • Customisable layout provides a stable and personalised trading experience.
    • Advanced charting allows traders to combine technical analysis and trade management from within the chart view.
    • One-click trading. In fast-moving markets, traders can execute trading decisions quickly.
    • The lowest-latency platform available. Trade execution speeds will also depend on internet connection speed.
    • Built-in scripting tools allow users to build or buy expert advisors (EAs), indicators and other algorithmic trading tools.
    • Over 2000 free indicators available in the MetaTrader Code Hub.
    • Traders can move between brokers without losing any customised changes to the platform. MT4 can also support multiple brokers and multiple accounts from the same broker.
    • Social trading integration, available with a free subscription. Trading signals let you to automatically copy the trades of other traders.
    • High secure. all information between client and server is 128-bit encrypted, and it also supports RSA Digital Signatures.
    • Widespread Use. Most brokers will offer it, and it is well supported. If you have a question, someone will have answered it – if you have a problem, someone will have solved it.
    • MT4 runs smoothly on all modern computers and is happy even on old systems.

    MT4 runs smoothly on all PCs, even old ones

     Cons

    • It is old. It looks like a program from 2005. If you want a trading platform that looks nice this is not your platform
    • It lacks native integration of news and economic data, though this can be added via plugins.  
    • While MT4 can run on Macs with a few tweaks, it will only run on Mac OS versions prior to Catalina (version 10.15, released in 2019).

    MAC OS Catalina only supports 64bit applications and as MT4 is a 32bit application, it is not compatible. For earlier versions of Mac OS, the safest way of getting MT4 to run is to install a Windows emulator called Wine (a tool for Unix-based systems to run an application developed for Windows) along with fonts and the graphical interface. Wine is a great tool, but not necessarily the most stable and your experience can suffer as a result.

    List of All FCA-Regulated MT4 Forex Brokers

    This is a list of all FCA.regulated Forex brokers we have reviewed which support the MT4 platform. They are ordered by Overall Rating meaning the ones at the top of the list are the all-round best brokers.

    Scroll for more detailsPreviousNext
    Broker
    Overall Rating
    Official Site
    Regulators
    Trading Desk
    Platforms
    Min. Deposit
    Max. Leverage
    Cost of Trading
    Islamic Acct
    Time To Withdraw
    Withdrawal Fee
    No. of FX Pairs
    Hedging
    Scalping
    Support Hours
    Website Language: English
    Support Language: English
    Compare
    Official Site
    4.69 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    Market Maker
    CMCmarkets
    GBP 5
    30:1
    USD 7
    Same Day
    Fees Included in Spread
    330
    24/5
    Visit Broker >
    Your capital is at risk
    4.69 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    Market Maker
    L2 Dealer
    ProRealTime
    GBP 250
    30:1
    USD 6
    Same Day
    Fees Included in Spread
    93
    24/5
    Visit Broker >
    Your capital is at risk
    4.61 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    ECN/DMA
    GBP 5
    30:1
    USD 7.90
    Same Day
    From 7 USD / lot - Razor Account
    80+
    24/7
    Visit Broker >
    Your capital is at risk
    4.38 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    Market Maker
    GBP 5
    30:1
    USD 16
    Next Business Day
    7 USD / lot - XM Zero Account
    57
    24/5
    Visit Broker >
    Your capital is at risk
    4.37 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    ECN/DMA
    Market Maker
    GBP 10
    Flexible
    USD 15
    Same Day
    4 USD / ECN Accounts
    59
    24/7
    Visit Broker >
    Your capital is at risk
    4.34 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    ECN/DMA
    GBP 5
    30:1
    USD 12
    Next Business Day
    7 USD / lot - PRO account
    80+
    24/7
    Visit Broker >
    Your capital is at risk
    4.27 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    Market Maker
    GBP 0
    200:1
    USD 7
    Next Business Day
    4 USD per lot
    38
    24/5
    Visit Broker >
    Your capital is at risk
    4.25 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    ECN/DMA
    GBP 5
    500:1
    USD 7
    Next Business Day
    6 USD / Lot
    80+
    24/5
    Visit Broker >
    Your capital is at risk
    4.24 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    STP
    MT Supreme
    GBP 25
    30:1
    USD 5
    Two Plus Business Days
    1.8 - 3 USD per lot
    40+
    Business Hours
    Visit Broker >
    Your capital is at risk
    4.24 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    Market Maker NDD
    FxProEdge
    GBP 100
    30:1
    USD 14
    Same Day
    9 USD / lot
    70+
    24/5
    Visit Broker >
    Your capital is at risk
    4.19 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    Market Maker
    ECN/DMA
    GBP 50
    1000:1
    USD 11
    Next Business Day
    Zero Accounts
    85
    24/7
    Visit Broker >
    Your capital is at risk
    4.18 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    Market Maker
    ATPro
    GBP 50
    30:1
    USD 6.90
    Two Plus Business Days
    Fees Included in Spread
    84+
    24/5
    Visit Broker >
    Your capital is at risk
    4.18 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    Market Maker
    GBP 100
    500:1
    USD 12
    Same Day
    8 USD / lot - Raw Account
    38
    24/5
    Visit Broker >
    Your capital is at risk
    4.18 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    Market Maker
    USD 100
    100:1
    USD 20
    Two Plus Business Days
    Fees Included in Spread
    70
    24/5
    Visit Broker >
    Your capital is at risk
    4.18 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    ECN/DMA
    STP
    GBP 5
    500:1
    USD 12
    Next Business Day
    7 USD / lot - ThinkZero Account
    36
    24/6
    Visit Broker >
    Your capital is at risk
    4.13 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    Market Maker
    NinjaTrader
    GBP 50
    30:1
    USD 13
    Two Plus Business Days
    5 USD / lot
    40
    24/5
    Visit Broker >
    Your capital is at risk
    4.12 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    STP
    GBP 100
    30:1
    USD 6
    Next Business Day
    4 USD / lot - Pro Account
    60+
    24/5
    Visit Broker >
    Your capital is at risk
    4.08 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    Market Maker
    GBP 100
    30:1
    USD 10
    Next Business Day
    50+
    24/5
    Visit Broker >
    Your capital is at risk
    4.05 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    Market Maker
    Cloud Trade
    GBP 5
    30:1
    USD 6
    Two Plus Business Days
    Fees Included in Spread
    33
    24/5
    Visit Broker >
    Your capital is at risk
    4.00 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    Market Maker
    AdvancedTrader
    GBP 1000
    100:1
    USD 17
    Two Plus Business Days
    Fees Included in Spread
    78
    8:00 - 22:00 CET Monday to Friday
    Visit Broker >
    Your capital is at risk
    3.78 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    ECN/DMA
    STP
    USD 200
    30:1
    USD 14
    Same Day
    On ECN Accounts
    40
    Business Hours
    Visit Broker >
    Your capital is at risk
    3.52 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    STP
    USD 500
    30:1
    USD 7
    Two Plus Business Days
    €/$5 per 1 lot
    40
    24/5
    Visit Broker >
    Your capital is at risk
    3.47 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    ECN/DMA
    USD 5000
    30:1
    USD 6.50
    Next Business Day
    3.5 USD / lot
    35
    24/7
    Visit Broker >
    Your capital is at risk
    3.42 /5
    Read Review
    Visit Broker >
    Your capital is at risk
    Market Maker
    Sirix
    GBP 100
    30:1
    USD 40
    Next Business Day
    Fees Included in Spread
    55
    24/5
    Visit Broker >
    Your capital is at risk

    Should I use MT4?

    If you are just starting your trading career you should consider moving straight to MT5 or cTrader instead. But, if you have been using MT4 and you are happy with it then keep on using it.

    MT4 is old, and MetaQuotes is actively trying to get Forex brokers to switch to MT5. MT4 is still the industry standard, but it will eventually be replaced. MT5 and cTrader also have more built-in functionality and have a more modern, cleaner layout.

    But if you have been using MT4 for some time, then your version is probably heavily customised. Algos built for MT4 will not function in MT5 or cTrader, so any customisations you have made will be lost.

    MT4 will eventually be replaced, but its popularity means that is not going to happen anytime soon. But if you want to move to a more modern platform, or you are just starting out then you should check out MT5 or cTrader.

    What is the difference between MT4 and MT5?

    The significant change is that MT5 has native support for shares, futures, and commodity trading, whereas MT4 does not. MT5 also has a new scripting language, MQL5, which allows for more rigorous backtesting of algorithms and more advanced trading robots. It is important to note that trading algorithms built for MT4 will not run in MT5 (and vice versa) due to the incompatibility of their scripting languages.

    MT5 also boasts a cleaner interface and comes with an integrated news feed and more charting capabilities. Additionally, MT5 is finally seeing serious support from the industry, with some brokers abandoning MT4 in favour of the newer version.

    MT4 Broker Guide

    If you are sure you want to use MT4, you need to find a broker. There are many ways to compare brokers, depending on what is important to you as a trader. These are a selection of brokers broken down by trading costs, customer support, and education material, including features relevant to each area.

    MT4 brokers with the best trading conditions

    Each broker will have different trading conditions. Trading conditions include the assets available to trade, if negative balance protection is available, and the total cost of trading. The cost of trading is the sum of the cost of the spread and the commission. If you are looking for the lowest trading costs at an MT4 broker, these are the top 5 regulated MT4 brokers with the lowest cost of trading.

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    Overall Rating
    Min. Deposit
    Regulators
    Cost of Trading
    Trading Commission
    Compare
    Official Site
    4.24 /5
    Read Review
    GBP 25
    USD 5
    1.8 - 3 USD per lot
    Visit Broker >
    Your capital is at risk
    4.00 /5
    Read Review
    GBP 5
    USD 6
    6 USD / lot
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    Your capital is at risk
    4.69 /5
    Read Review
    GBP 250
    USD 6
    Fees Included in Spread
    Visit Broker >
    Your capital is at risk
    4.12 /5
    Read Review
    GBP 100
    USD 6
    4 USD / lot - Pro Account
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    Your capital is at risk
    4.05 /5
    Read Review
    GBP 5
    USD 6
    Fees Included in Spread
    Visit Broker >
    Your capital is at risk

    MT4 brokers with the best customer support

    Because setting up a trading platform like MT4 can take time for beginners to install and customize, brokers offer a variety of customer service options to get you started. Better customer support means brokers will have various contact methods, including local phone numbers and extended opening hours, including help on the weekend. Brokers should also have customer service agents who speak the languages of their client base. If you want a broker with leading client support, these are the best MT4 brokers by customer service in the UK. 

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    Overall Rating
    Min. Deposit
    Support Hours
    Regulators
    Compare
    Official Site
    4.37 /5
    Read Review
    GBP 10
    24/7
    Visit Broker >
    Your capital is at risk
    4.61 /5
    Read Review
    GBP 5
    24/7
    Visit Broker >
    Your capital is at risk
    4.46 /5
    Read Review
    GBP 200
    24/7
    Visit Broker >
    Your capital is at risk
    4.32 /5
    Read Review
    GBP 100
    24/5
    Visit Broker >
    Your capital is at risk
    4.24 /5
    Read Review
    GBP 25
    Business Hours
    Visit Broker >
    Your capital is at risk

    MT4 Brokers with best education material 

    Broker education will vary considerably. Better brokers will offer beginners and experienced traders courses, coupled with webinars that allow interactive learning. A printable ebook is valuable for those who want to learn on paper and away from a keyboard. These are the MT4 brokers the best educational offering in the industry and ordered by their education score.

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    Overall Rating
    Regulators
    Beginner Friendly
    Beginner Course
    Experienced Course
    Webinars
    Printable Ebook
    Unlimited Demo
    Support Hours
    Min. Deposit
    Compare
    Official Site
    4.24 /5
    Read Review
    Excellent
    Business Hours
    GBP 25
    Visit Broker >
    Your capital is at risk
    4.48 /5
    Read Review
    Excellent
    24/5
    GBP 100
    Visit Broker >
    Your capital is at risk
    4.32 /5
    Read Review
    Excellent
    24/5
    GBP 100
    Visit Broker >
    Your capital is at risk
    4.69 /5
    Read Review
    Excellent
    24/5
    GBP 5
    Visit Broker >
    Your capital is at risk
    4.37 /5
    Read Review
    Excellent
    24/7
    GBP 10
    Visit Broker >
    Your capital is at risk

    Conclusion

    MetaTrader 4 is central for so many traders in their development towards becoming professional traders. It will be here for many years to come and will continue to help new traders launch a trading career. If you’re trying to get the most out of your charts and focus without the distraction of fancy tools, then it remains a candidate to satisfy 90% of all your trading needs.

    Forex Risk Disclaimer

    Trading Forex and CFDs is not suitable for all investors as it carries a high degree of risk to your capital: 75-90% of retail investors lose money trading these products. 

    Forex and CFD transactions involve high risk due to the following factors: Over-leveraging, unpredictable market volatility, slippage arising from a lack of liquidity, inadequate trading knowledge or experience, and a lack of regulatory protection for clients.

    Traders should not deposit any money that is not disposable. Regardless of how much research you have done, or how confident you are in your trade, there is always a substantial risk of loss. (Learn more from the FCA or from ASIC)

    Our Methodology

    Our State of the Market Report and Broker Directory are the result of extensive research on over 100 Forex brokers. The explicit goal of these resources is to help traders find the best Forex brokers – and steer them away from the worst ones – with the benefit of accurate and up-to-date information.

    With over 150 data points on each broker and over 3000 hours of research and review writing, we believe we have succeeded in our goal. 

    In a world where trading conditions and customer support can vary based on where you live, our broker reviews focus on the local trader and give you information about these brokers from your perspective.

    All research has been conducted by our in-house team of researchers and writers, gathering information from various company representatives, websites and by sifting through the fine print. Learn more about how we rank brokers

    Featured Brokers

    Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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