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Total 19 | Sort by :
Trading Experience
Trading Conditions
Account Types
Trading Platforms
Regulators
Minimum Deposit
USD 100
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
  • ETFs
TYPE OF BROKER

Market Maker

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
    Bank Transfer, Visa, Mastercard, Skrill, Neteller, Paypal
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.7 pips
  • Currency Pairs : 50+
Account Spread From Commission Execution Min. Deposit
Islamic 1.3 pips None Instant USD 100 Account Details
Professional 1.3 pips None Instant USD 100 Account Details
Retail 1.3 pips None Instant USD 100 Account Details
Minimum Deposit
USD 5
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • Energies
TYPE OF BROKER

Market Maker

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
DEPOSIT METHODS
    Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 55+
Account Spread From Commission Execution Min. Deposit
Micro 1.0 pips None Instant USD 5 Account Details
Standard 1.0 pips None Instant USD 5 Account Details
XM Ultra Low 0.6 pips None Instant USD 50 Account Details
XM Zero 0.6 pips None Instant USD 100 Account Details
Minimum Deposit
USD 200
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Energies
TYPE OF BROKER

ECN/STP

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • cTrader
DEPOSIT METHODS
    Bank Transfer, Visa, Mastercard, Skrill, Paypal, Unionpay
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : Variable pips
  • Currency Pairs : 80+
Account Spread From Commission Execution Min. Deposit
Razor 0.0 pips AUD$ 7 ECN USD 200 Account Details
Standard 1.0 pips None ECN USD 200 Account Details
Swap-free 1.0 pips None ECN USD 200 Account Details
Minimum Deposit
USD 5
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • Energies
  • Bonds
TYPE OF BROKER

ECN/STP

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
    Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, Unionpay
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 51
Account Spread From Commission Execution Min. Deposit
Islamic 1.0 pips None Market USD 5 Account Details
Micro 1.0 pips None Market USD 5 Account Details
Premium 1.0 pips None Market USD 100 Account Details
Auto 1.0 pips None Market USD 200 Account Details
Zero 0.0 pips $3.00 Market USD 200 Account Details
Minimum Deposit
USD 100
TRADING INSTRUMENTS
  • Forex
  • Indicies
  • Metals
  • Equities
  • Energies
  • Futures
TYPE OF BROKER

NDD Intervention Market Maker

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
  • cTrader
  • Proprietary
DEPOSIT METHODS
    Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Unionpay
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.6 pips
  • Currency Pairs : 70+
Account Spread From Commission Execution Min. Deposit
FxPro cTrader 0.45 pips $4.50 Market USD 100 Account Details
FxPro MT4 1.2 pips None Market USD 100 Account Details
FxPro MT5 1.52 pips None Market USD 100 Account Details
Islamic 1.2 pips Variable Market USD 100 Account Details
Minimum Deposit
USD 500
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • WTIs
TYPE OF BROKER

Market Maker

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
    Bank Transfer
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.8 pips
  • Currency Pairs : 80+
Account Spread From Commission Execution Min. Deposit
MT4 Pro Account 0.0 pips $7 STP USD 5 Account Details
MT4 Standard Account 1.0 pips None STP USD 5 Account Details
Minimum Deposit
USD 100
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Vanilla Options
TYPE OF BROKER

Market Maker

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
    Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Astropay
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 1.8 pips
  • Currency Pairs : 97
Account Spread From Commission Execution Min. Deposit
Islamic 3 pips None Instant USD 100 Account Details
Standard 3 pips None Instant EUR 100 Account Details
Premium 2.5 pips None Instant USD 1000 Account Details
VIP 1.8 pips None Instant USD 2500 Account Details
Super VIP 1.2 pips None Instant USD 50000 Account Details
Minimum Deposit
USD 100
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
TYPE OF BROKER

Market Maker & ECN

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
    Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Unionpay, Fasapay
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 1.0 pips
  • Currency Pairs : 85
Account Spread From Commission Execution Min. Deposit
Live Fixed Spread 2.2 pips None Instant USD 100 Account Details
Live Floating Spread 1.1 pips None Instant USD 100 Account Details
Live Zero Spread 0.0 pips $18 Instant USD 500 Account Details
STP/ECN No Commission 1.7 pips None ECN/STP USD 500 Account Details
STP/ECN Zero Spread 0.0 pips $7.50 ECN/STP USD 500 Account Details
Minimum Deposit
USD 100
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • ETFs
  • Bonds
TYPE OF BROKER

Market Maker

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
  • Sirix
DEPOSIT METHODS
    Bank Transfer, Visa, Mastercard, Skrill, Neteller
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 1.8 pips
  • Currency Pairs :
Account Spread From Commission Execution Min. Deposit
Micro 3.0 pips None Market USD 100 Account Details
Silver 1.9 pips None Market USD 1000 Account Details
Gold 1.5 pips None Market USD 10000 Account Details
Platinum 1.2 pips None Market USD 50000 Account Details
Exclusive 1.0 pips None Market USD 100000 Account Details
Minimum Deposit
USD 240
TRADING INSTRUMENTS
  • Commodities
  • Forex
  • Indicies
  • Equities
  • ETFs
TYPE OF BROKER

Market Maker

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
  • Sirix
DEPOSIT METHODS
    Visa, Mastercard, Maestro, Skrill, Neteller
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 1.8 pips
  • Currency Pairs :
Account Spread From Commission Execution Min. Deposit
Mini 4.0 pips None Instant USD 500 Account Details
Standard 3.0 pips None Instant USD 1000 Account Details
Gold 2.0 pips None Instant USD 5000 Account Details
Islamic Not Published pips None Instant USD 10000 Account Details
Platinum 2.0 pips None Instant USD 10000 Account Details
VIP 1.6 pips None Instant USD 50000 Account Details
Minimum Deposit
GBP 100
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
  • ETFs
TYPE OF BROKER

Pure STP

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
    Bank Transfer, Visa, Mastercard
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 68
Account Spread From Commission Execution Min. Deposit
Advanced Account 1.4 pips None STP USD 100 Account Details
Copy Trading 1.4 pips None STP USD 500 Account Details
Pro Account 1.0 pips None STP USD 5000 Account Details
Minimum Deposit
USD 250
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
TYPE OF BROKER

Market Maker

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
  • Sirix
DEPOSIT METHODS
    Visa, Mastercard
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 1.5 pips
  • Currency Pairs : 47
Account Spread From Commission Execution Min. Deposit
Bronze 1.5 pips None Instant USD 250 Account Details
Silver Not Published pips None Instant USD 1000 Account Details
Gold Not Published pips None Instant USD 10000 Account Details
Premium Not Published pips None Instant USD 25000 Account Details
Minimum Deposit
USD 100
TRADING INSTRUMENTS
  • Commodities
  • Forex
TYPE OF BROKER

Pure STP

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
    Bank Transfer, Visa, Mastercard
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.6 pips
  • Currency Pairs : 32
Account Spread From Commission Execution Min. Deposit
Basic Normal pips None STP ZAR 2000 Account Details
Standard Competative pips None STP ZAR 15000 Account Details
Premier Tight pips None STP USD 30000 Account Details
VIP Institutional pips None STP ZAR 50000 Account Details
Minimum Deposit
USD 300
TRADING INSTRUMENTS
  • Commodities
  • Forex
  • Indicies
  • Equities
TYPE OF BROKER

ECN/STP

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
  • Sirix
DEPOSIT METHODS
    Bank Transfer, Mastercard, Skrill, Neteller
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 60+
Account Spread From Commission Execution Min. Deposit
Institutional Not Published pips Not Published Market Volume Based Account Details
Basic 2.4 pips None Market USD 500 Account Details
Standard 1.4 pips None Market USD 5000 Account Details
Advanced Mark-Up 1.1 pips None Market USD 10000 Account Details
Advanced RAW 0.0 pips $5.50 Market USD 10000 Account Details
Premium Mark-up 0.8 pips None Market USD 50000 Account Details
Premium RAW 0.0 pips $4.00 Market USD 50000 Account Details
Minimum Deposit
USD 100
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
TYPE OF BROKER

Market Maker

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
    Bank Transfer, Visa, Mastercard, Skrill
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : pips
  • Currency Pairs :
Minimum Deposit
USD 100
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Metals
  • Equities
  • Energies
  • ETFs
  • Bonds
  • Blends
TYPE OF BROKER

Market Maker

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
DEPOSIT METHODS
    Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Paypal
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.9 pips
  • Currency Pairs : 50+
Account Spread From Commission Execution Min. Deposit
LIve 0.9 pips None Market ZAR 1000 Account Details
Minimum Deposit
USD 10
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
TYPE OF BROKER

ECN/STP

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
DEPOSIT METHODS
    Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay
Trading Conditions
  • Max. Leverage : Flexible
  • Min. Spread : 0.1 pips
  • Currency Pairs : 59
Account Spread From Commission Execution Min. Deposit
Cent Account 1.5 pips None Instant USD 10 Account Details
Standard Account 1.3 pips None Instant USD 100 Account Details
ECN Zero Account 1.5 pips None Market USD 200 Account Details
ECN Account 0.1 pips $2.00 Market USD 500 Account Details
FXTM Pro Account 0.0 pips None Market USD 25000 Account Details
Minimum Deposit
USD 210
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Equities
  • Bonds
  • Interest Rates
  • Digital 100s
  • IPOs
TYPE OF BROKER

Market Maker

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
DEPOSIT METHODS
    Bank Transfer, Visa, Mastercard, Paypal
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.6 pips
  • Currency Pairs :
Account Spread From Commission Execution Min. Deposit
Live Account 0.6 pips None Instant USD 250 Account Details
Spread Betting 0.6 pips None Instant USD 250 Account Details
Minimum Deposit
USD 100
TRADING INSTRUMENTS
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • Bonds
  • WTIs
TYPE OF BROKER

STP

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
    Bank Transfer, Visa, Mastercard, Skrill, Neteller, SticPay, Unionpay, Fasapay
Trading Conditions
  • Max. Leverage : 30:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 60+
Account Spread From Commission Execution Min. Deposit
Classic 1.6 pips None Market USD 100 Account Details
Pro 0.0 pips Variable Market USD 100 Account Details
VIP 0.0 pips Variable Market USD 50000 Account Details

Compare All Forex Brokers

Should I Trade With MetaTrader 4?

So, you’re still not sure whether this is the right platform for you? Let’s run over some of the advantages and disadvantages of the platform.

Best MT4 Brokers

Metatrader 4 Advantages

It’s Free!

Yes, a fairly obvious one here – but a critical point. The platform is completely free of charge. If it weren’t we probably would never have seen the massive explosion in retail Forex trading in the 2000s and the industry would be a very different, and more restricted, space.

Mobile

I don’t mean it’s available on your phone/tablet, though it certainly is that too. What I mean by mobile, in this case, is that once you download the platform to your computer, it is yours. If you switch broker, it goes with you. It can also support multiple brokers and multiple accounts from the same broker. As your trading goals and needs change, you can move freely between brokers without worrying about losing any customised changes you made to your version of the platform. And speaking of customisation, that brings us on neatly to…

Expert Advisers

Probably the most popular feature of this platform is its ability to support user-defined Expert Advisors (EAs). Algorithms written in the MQL4 script, EAs are user-defined trading tools that allow traders to automate their trades within set parameters. These can be purchased from the MetaTrader Market and easily installed. As MQL4 is freely downloadable there is a large community of EA creators and hundreds of EAs to choose from, many of which are free, and if that’s not enough, you can always write your own.

Indicators

Much like EAs, indicators are algorithms made in MQL4. Unlike EAs, indicators will not automate your trades but rather feed you real-time technical analysis – leaving you to make the trading decision manually. There are over 2000 free indicators available in the MetaTrader Code Hube, and hundreds more have been created by the community and can be purchased in the MetaTrader Market.

Charts

Despite its age, it is still regarded as having one of the best charting tools of any trading platform. You can simultaneously open an unlimited number of charts, customise their appearance and apply various graphical objects and indicators to them. All charts are interactive, and you can zoom and scroll through them in real time.

Security

It is also famous for its security – all information between client and server is 128-bit encrypted, and it also supports RSA Digital Signatures.

Widespread Use

It is almost fifteen years old and is still the industry standard. Most brokers will offer it, and it is incredibly well supported – if you have a question, someone will have answered it – if you have a problem, someone will have solved it. There are many thousands of people who know the platform inside and out, and many of them have made videos or tutorials for pretty much every aspect of it. For beginners and experienced traders alike, this is a great advantage.

Not Resource/Bandwidth Intensive

Because of its age, it runs smoothly on all modern computers and will be happy on even ageing systems. Many proprietary platforms run in a browser using Flash, and system resource issues can occur, slowing down or crashing the platform – this is not ideal as seconds really can count in Forex trading. None of these issues exists with MetaTrader 4, even on your ageing laptop.

MetaTrader 4 Disadvantages

It’s old!

Yes, it looks like a program from 2005. If you are looking for something aesthetically pleasing this is not your platform – but if you are that concerned with how your platform appears then maybe you should re-examine your trading priorities.

It doesn’t like Macs

It can run on Macs but not without some effort. You must 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.

No News-feed integration

It lacks the integration of news and economic data.  On more modern platforms, traders can keep updated with the latest news affecting exchange rates without having to leave the platform.

It’s not Metatrader 5

MetaQuotes released the latest version of Metatrader (Metatrader 5 or MT5) in 2010. There are several essential differences between the two, but the significant functional change is that MT5 can support stocks, futures and commodity trading, whereas MT4 cannot. That said, MT5 is a more sophisticated platform – but if you are interested in trading these asset classes alongside Forex on a Metatrader platform, you don’t have a choice. Additionally, MT5 is finally seeing serious support from the industry, with some ditching the older sibling entirely in favour of the newer version. The jury is still out over whether this will become a trend, but it is something to keep in mind.

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, get focused without the distraction of fancy tools, then it remains a good candidate to satisfy 90% of all your trading needs.

If you’re interested in learning all trading features that this platform has to offer, please check out our complete guide to MetaTrader 4.

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.