Looking for Best MT4 Forex Brokers? Not sure who is truly regulated and legit Forex Broker with MT4 MetaTrader4 trading platform? Or which Broker is suitable and best for you?

We provide answers to all the questions in this article. We researched and compared all Forex brokers MT4 and check their regulation status, spread & commission, the time for deposit & withdrawal and many more findings.

What is MetaTrader4 MT4

MT4 or MetaTrader4 is a market leading trading platform a widely used Foreign Exchange platform worldwide. MetaTrader4 was developed by MetaQuotes in 2005 and has a newer version MetaTrader5.

Even being a little outdated platform MT4 is still the most used software in Forex with largest executions of orders daily and powerful capabilities like Expert Advisors EAs for algorithmic trading, PAMM accounts, Multiterminal etc available on MT4 Desktop, Web and Mobile App. Check more on MetaTrader and through Wikipedia.

MT4 Forex brokers
MT4 Forex Brokers

Best Forex Brokers with MT4 Platform

To select the Best Forex Brokers using MT4 MetaTrader4 as trading software we research and compare only Regulated Forex Brokers and review details of license, spread and commission, deposits and withdrawals time, education and customer service. Here is our List of Best Forex Brokers for MT4 by category:

  • XM – Best MT4 for Beginners
  • City Index – Best UK MT4 Forex Broker
  • Vantage FX – Best MT4 ECN Forex Brokers
  • Admiral Markets – Best Low Spread Mt4 Brokers  

What makes a good MT4 Broker?

You should check 4 points that makes broker a good Forex Trading MT4 Brokers, compare licenses, trading conditions and MetaTrader4 package, account offering there should be no limitation of trading strategies, lastly customer service.

  • Must be licensed by the reputable authority like FCA in the UK or ASIC in Australia for traders funds safety
  • Offer MT4 MetaTrader platform with suitable research (note each broker MT4 is different, the broker define what package to offer and research include)
  • Provide good range of trading instruments and have no restriction on strategies including run of EAs or scalping if necessary
  • Run quality Customer Service and provide education to solve traders issues

Top MT4 Brokers List & Review

Here we made a list of Brokers for MetaTrader4 platform trading that are regulated and considered safe. In addition to the 4 top MT4 Forex Brokers mentioned above here is our List and MT4 Forex Broker Comparison:

Forex BrokerMT4 BrokerWhy they are our top picksOur Review
XMYesXM can be the best for easy start and MT4 platform traders. XM offers to start trading with only 5$, also offering to get a deposit bonus (while most brokers offer none bonuses) and provide good range of tools with excellent support essential for beginners.Visit XM site  
XM Review
Admiral MarketsYesLooking for Forex Brokers with lowest spreads on MT4 platform – check Admiral Markets. Admiral Markets offers both MT4 and newer version MT5 and EUR/USD spread averages at 0.6 which is much lower than average 1.2 with fixed or floating spreads proposal also suitable for beginners.Visit Admiral Markets site

Admiral Markets review
City IndexYesCity Index should be the top UK Forex Brokers MT4 and is publically traded company with good transparency, also if you look for wide instrument selection including Spread Betting. City Index Spread Betting offers over 12,000 instruments for trading, while majority only below 1000. Visit City Index site  

City Index Review
Vantage FXYesVantage FX might be the best ECN Forex brokers Mt4. Professional ECN account has great execution and offers only £1.00 per lot per side with great range of tools like Smart Trader, AutoChartist and VPS working the best on MT4.Visit Vantage FX site

Vantage FX Review
FxProYesFxPro might be good as Fixed Spread Forex brokers MT4. Fixed spread is good for beginners and is not widely offered for now. FxPro has numerous trading currencies, and there are promotions and offerings with competitive trading conditions for traders on range of platforms including MT4.Visit FxPro site

FxPro review
AxiTraderYesAxiTrader might be the best among Forex Brokers MT4 Cryptocurrency Broker and lowest Bitcoin spread. AxiTrader has 14.4 spread for Bitcoin, while industry average is around 70-80.  Visit HotForex site

AxiTrader Review
Forex.comYesForex.com is among few Mt4 brokers USA and is one of largest Forex Brokers worldwide with good transparency. Forex.com has both MT4 and MT5 platform with additional tools like VPS and analysis.Visit Forex.com site  

Forex.com Review

More on MT4 Forex Brokers

To get started with Forex Brokers using MT4 platform it is better to navigate and narrow categories to select broker that offer your trading need and available at you region. Here we answer some common questions and compare MetaTrader4 Forex Broker Reviews.

US Forex Brokers MT4

American List of US Forex Brokers on MT4 platform is not wide. Among top USA Brokers use MT4 is Forex.com  while Interactive Brokers Forex MT4 platform is not offered traders can use newer version MT5.

MT4 UK Brokers

Top UK Forex Brokers MT4 including some of the largest Forex brokers like FXTM, City Index and AvaTrade.

Which Forex brokers have MT4 for Binary?

Forex Brokers that allow MT4 Binary Options are typically only Offshore MT4 Binary Options brokers. Traders can use Forex brokers that trade on MT4 based on offshore, however, MT4 is only a software while trading both offshore brokers and Binary Options are not recommended due to highest risks and lack of transparency.

MT4 Australia Forex Brokers

Australia Forex brokers using MT4 platform are Vantage FX and Pepperstone.

South Africa MT4 Forex Brokers

Brokers in South Africa or those regulated brokers that accept South Africa traders best Forex brokers with Mt4 platform including FP markets, FXTM and XM.

Author of this review

By Jimmy O'Brien

Author of this review

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

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