Best MetaTrader 4 (MT4) Brokers

MetaTrader 4 (MT4) is one of the most widely used and versatile trading platforms developed by MetaQuotes. Based on the MetaQuotes Trading platform that was released in 2000, MetaTrader 4 has become the most popular trading platform for the online forex trading community because of its excellent automating abilities. 

In this article, we've reviewed and rated the best brokers that support the MetaTrader 4 platform, so if you are looking for a top MetaTrader 4 broker to enhance and facilitate your online trading activities, keep reading.

Quick Look: Best MT4 Brokers

• Best Offerings for US Traders: FOREX.com
• Best for CFD Trading: Vantage Markets
• Best for Algo Traders Using MetaTrader: FxPro
• Best for Futures Traders: Tickmill
• Best for High Volume Traders: tastyfx

Best MetaTrader 4 Brokers

Here's is an overview of some of the best forex brokers who offer the MT4 trading platform and how they compare.

Best Offerings and for U.S.-Based Traders: FOREX.com

• Minimum Deposit: $100
• Active Promotions: Up to 5% cashback of initial deposit for new U.S. traders; Active trader cash rebates
• Forex Pairs: 80+

Overview: FOREX.com has been providing traders with solid forex executions since 2001 and lets you choose from more than 80 forex currency pairs. Depending on the account type selected, spreads at this broker can run as low as 0.0 pips, although some accounts charge commissions.

Why We Picked It: Forex trades in major currency pairs can be leveraged 50:1 when trading via MetaTrader 4 and MetaTrader 5 and via the broker’s proprietary Web Trader platform. In addition to having access to a wide variety of Expert Advisor (EA) software including automated trading system programs for MetaTrader 4, FOREX.com also offers algorithmic trading for qualifying traders.

Best for CFD Trading: Vantage Markets

• Minimum Deposit: Starting at $50
• Active Promotions: New clients can receive a 50% bonus on their first deposit, up to $500, and a 10% bonus on subsequent deposits. Existing clients can earn up to $100 for each friend they refer who opens a live account.
• Forex Pairs: 40+

Overview: Vantage Markets is a versatile online broker offering access to over 1,000 CFD trading products. Vantage also offers educational resources through its Vantage Academy, where traders can access webinars, eBooks, and courses to deepen their market knowledge. Additionally, the platform provides promotional incentives, such as deposit bonuses and loyalty rewards, to enhance the trading experience for its users.

Why We Picked It: Vantage enhances MT4 with their smart trader tools package, offering features like dynamic alerts, one-click trading, and correlation matrices. You'll gain access to advanced trading tools like MetaTrader 4 and 5, as well as exclusive market insights. Additionally, its stringent security measures and regulatory compliance reinforce trust, ensuring a safe trading environment. Whether for beginners or experienced traders, Vantage delivers a well-rounded platform that blends innovation, accessibility, and top-tier trading conditions.

Best for Algo Traders Using MetaTrader: FxPro

• Minimum Deposit: $100
• Active Promotions: Refer a friend and you'll both receive a $50 cash reward directly into your trading accounts.
• Forex Pairs: 70+

Overview: FxPro offers traders access to the forex and contracts for difference (CFD) market using MT4 and MT5 (along with other platforms). When you use FxPro, you can trade in forex, metals, indices, shares and cryptocurrencies. There are 8 base currencies, no commissions, tight spreads, no account or transaction fees and only an inactivity fee that kicks in if you don’t use the account for 6 months.

Why We Picked It: FxPro allows you to enhance your trading with a premium suite of technical analysis indicators from Trading Central. The platform helps identify trading opportunities, optimize your entry and exit timings, and gain immediate insights into Trading Central’s preferred direction, target levels, and alternative scenarios based on support and pivot lines.

Best for Futures Traders: Tickmill

• Minimum Deposit: $100
• Active Promotions: $30 welcome bonus to new traders.
• Forex Pairs: 60+

Overview: If you trade in the commodities markets and want to use futures contracts, then you really should check out Tickmill. Founded in 2014, U.K.-based Tickmill Group currently has over 550,000 registered accounts and has oversight by 5 regulators, including the FCA, CySEC, FSB, Labuan FSA and FSA. 

Why We Picked It: In addition to trading futures via the Tickmill platform, you can trade CFDs on forex, stock indices, commodities and bonds via the MetaTrader 4 platform. MetaTrader 4 is available in 39 languages and provides advanced technical analysis with over 50 indicators, as well as support for algorithmic trading. 

Best for High Volume Traders: tastyfx

• Minimum Deposit: $100
• Active Promotions: Funding bonus up to $10,000 along with a cashback up to 15%.
• Forex Pairs: 82

Overview: Founded in 1974, IG Group serves over 313,000 clients worldwide. In 2019, IG introduced its premium FX service tastyfx to the US market, providing informed and adventurous traders with access to over 80 currency pairs at competitive rates. In 2024 IG U.S. rebranded to tastyfx to better serve its dedicated forex traders.

Why We Picked It: tastyfx's MT4 platform offers a robust trading experience with exclusive features designed for serious traders. Highlights include customizable charts, 18 advanced technical indicators, and the ability to automate trading through Expert Advisors. Traders also benefit from free access to an MT4 VPS, provided they meet the minimum balance requirements. With competitive spreads starting from 0.8 pips on major forex pairs, tastyfx aims to provide fast execution and tight pricing.

What is MetaTrader 4?

MetaTrader 4 (MT4) is an electronic trading platform designed primarily for forex and CFD trading. Developed by MetaQuotes Software Corp., the free software boasts advanced technical analysis tools, customizable interfaces and automated trading via EAs developed using the MQL4 programming language that allows for strategy testing and implementation based on predefined rules. 

Key additional features of MT4 include advanced charting with numerous indicators, various order types and one-click trading from charts. In addition to desktop client and web options, MT4 also supports mobile device integration, secure client-server communications and seamless connection with most online forex brokers. 

With MT4, you get a comprehensive suite of over 20 professional-grade apps that offer exceptional control and flexibility in your trading. The platform includes nine expert advisors (EAs), such as Sentiment Trader, allowing you to implement automated strategies customized to your specific needs. You can build your own algorithms and access a vast marketplace featuring over 950 trading robots and 2,000 technical indicators. Additionally, integrated Reuters news keeps you updated with real-time market insights.

MT4’s large user base contributes to comprehensive community support, which includes social trading and readily accessible tutorials, guides and other resources. Overall, MetaTrader 4 has proven itself as a versatile, powerful and reliable toolset tailored to meet the diverse needs of online retail traders.

Factors to Consider When Choosing a MetaTrader 4 Broker 

When picking an MT4 broker, you will want to look into some important factors to ensure you have a good trading experience and avoid major issues. In general, you will want to check out three main factors for any broker you are considering trading through:

• If they're regulated and licensed: When an online broker has reputable regulatory oversight, it should provide greater confidence in dealing with it. Attentive customer care will also often help improve your trading experience.
• What kind of fees they charge: Competitive pricing, including tight dealing spreads and zero or modest commissions, can also contribute significantly to your overall profitability, especially if you trade actively.
• The variety of investments they offer: Having access to a wide array of tradable assets will facilitate using more diverse trading strategies.  

Doing research in these three areas will improve your chances of success in finding an MT4 broker that meets your needs and keeps your funds safe.

MetaTrader 4 vs. MetaTrader 5

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are both leading online trading platforms created by MetaQuotes Software Corporation. Although comparable in many ways, the older MT4 platform offers a more mature infrastructure and an extensive range of EA add-ons written in MQL4 by third parties, although its focus is mainly on currency and CFD trading.

In contrast, the newer MT5 incorporates multiple asset classes, including equities. It also offers a different but enhanced programming language (MQL5 instead of MQL4), as well as boosted technical indicators, extended timeframes, deeper market insights and hedging capability.

Choosing between MT4 or MT5 essentially hinges on your individual priorities as a trader, taking into account desired assets, whether your preferred EA is written in MQL4 or 5, local limitations, and your proficiency level and preferences. In any case, each platform is popular and worth checking out.

Frequently Asked Questions