Best Forex Brokers that use MetaTrader 4 (MT4) in 2025
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the best MT4 brokers based on our analysis:
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AvaTrade - Best Forex broker with MT4 - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources. - 2
FP Markets - Robust regulation, serious fund protection plus segregated accounts in AA banks. Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server. Rich selection of trading platforms. - 3
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Eightcap - Support for popular platforms MT4, MT5, and integration with TradingView. Over 800 trading instruments, including 160+ cryptocurrency CFDs. Regulated by ASIC, FCA, CySEC, and SCB. - 5
easyMarkets - Regulated in many jurisdictions. Unique risk management tools (dealCancellation, Freeze Rate). Access to various trading platforms. - 6
Roboforex - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts. - 7
FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools. - 8
ActivTrades - Wide range of trading assets. A wide variety of trading platforms. Extensive training materials including webinars, videos, articles and guides. - 9
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MetaTrader 4 (MT4) is a platform that offers traders extensive capabilities for market analysis, trading strategy automation, and executing trades in the international currency market.
Best MetaTrader 4 Brokers List
1. AvaTrade
AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.
Pros and Cons of AvaTrade
Pros
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
Cons
- Limited trading account options.
- Account inactivity fee.
2. FP Markets
FP Markets successfully combines a strict licensing framework, a fast ECN order book with zero spreads, a rich selection of platforms — ranging from classic MT4/5 to TradingView and Iress DMA — and a developed analytics, education, and 24/7 support infrastructure. This combination makes the broker attractive for active scalpers and algorithmic traders who value speed and moderate commission per lot, as well as for investors preferring copy trading, PAMM/MAM, or DMA stocks via Iress. Beginners will benefit from a low entry of 100 AUD, online courses, and no inactivity fees.
Pros and Cons of FP Markets
Pros
- Robust regulation, serious fund protection plus segregated accounts in AA banks.
- Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server.
- Rich selection of trading platforms.
- Wide range of instruments.
- Numerous deposit/withdrawal methods.
- Strong analytics and education.
- 24/7 support.
Cons
- Lack of cent accounts and fixed spread accounts.
- Some analytical materials and software are accessible only with a deposit or trading volume.
3. IC Markets
IC Markets is a reliable and versatile broker that offers a wide range of services and tools for trading in the financial markets. The company provides impressive trading instruments, high-quality trading platforms, advanced analytical tools, and valuable education for traders of all levels.
IC Markets is likely most suitable for experienced traders who value deep liquidity, tight spreads, and advanced trading tools. Beginner traders can also benefit from the educational materials offered by the company, but they should be prepared for some additional expenses and a higher minimum deposit requirement.
Pros and Cons of IC Markets
Pros
- A wide range of trading assets.
- Low spreads.
- Variety of trading platforms.
- Quality educational materials.
- Efficient customer support service.
Cons
- High minimum deposit.
4. Eightcap
Eightcap is a modern broker with reliable regulation, convenient MT4, MT5, and TradingView platforms, and a wide selection of instruments, including over 160 cryptocurrency CFDs. It suits traders who value technology, fast market access, and competitive trading conditions. The broker will be especially interesting for active traders and those who use CFD instruments, but is less convenient for investors seeking passive trading solutions.
Pros and Cons of Eightcap
Pros
- Support for popular platforms MT4, MT5, and integration with TradingView.
- Over 800 trading instruments, including 160+ cryptocurrency CFDs.
- Regulated by ASIC, FCA, CySEC, and SCB.
- Convenient deposit and withdrawal methods with no fees.
- Modern analytics tools: AI economic calendar and FlashTrader for MT5.
Cons
- No cent or Islamic accounts.
- No passive trading solutions (copy trading, PAMM).
5. easyMarkets
easyMarkets is a reliable international broker with nearly 25 years of experience, licenses from leading regulators (CySEC, ASIC, FSCA, etc.), and a focus on simplicity and trading safety. It suits beginner traders thanks to a low minimum deposit from 25 USD, fixed spreads, and a convenient proprietary platform with unique risk management tools. At the same time, the broker will also appeal to more experienced users thanks to the availability of MT4, MT5, TradingView, Islamic accounts, and VIP service. Despite a relatively average selection of CFD instruments and the absence of passive trading services, easyMarkets delivers a good combination of reliability, technology, and customer support.
Pros and Cons of easyMarkets
Pros
- Regulated in many jurisdictions.
- Unique risk management tools (dealCancellation, Freeze Rate).
- Access to various trading platforms.
- Minimum deposit from 25 USD, convenient for beginners.
- A wide range of deposit and withdrawal methods, including cryptocurrencies.
- Strong analytics (Daily Pitch, AI reviews, trading signals).
- Competent support with many contact channels.
Cons
- High swaps compared to competitors.
- No cent accounts or passive trading services (PAMM, copy trading).
- Average number of CFD instruments, behind market leaders.
6. RoboForex
RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.
Pros and Cons of Roboforex
Pros
- A variety of trading platforms.
- Over 12,000 trading assets.
- Different types of trading accounts.
- Competent 24/7 customer support.
- Loyalty programs and bonus offers for clients.
- Low spreads and fees.
Cons
- Regulation in an offshore jurisdiction.
- Beginner traders may find a lack of educational materials.
7. FxPro
FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.
Pros and Cons of FxPro
Pros
- Various trading platforms.
- A diverse range of available markets and products.
- Multiple analytics tools.
- Extensive educational materials.
Cons
- An inactivity fee.
- Absence of cent accounts and services for copying trades.
8. ActivTrades
ActivTrades is suitable for beginner traders who value simplicity and intuitive trading platforms, as well as a variety of educational materials to improve their skills. Moreover, this broker can be a suitable option for experienced traders who prefer to trade various instruments and use the powerful features of the MetaTrader 4, MetaTrader 5 and TradingView platforms.
However, for traders with more specific requirements, such as a variety of trading accounts or individual conditions for professional traders, ActivTrades may be less attractive.
Pros and Cons of ActivTrades
Pros
- Wide range of trading assets.
- A wide variety of trading platforms.
- Extensive training materials including webinars, videos, articles and guides.
- Professional Support Team.
Cons
- Lack of diversity in trading accounts.
9. Admirals
The broker Admirals is suitable for a broad spectrum of traders. With its strict regulation, various account types, and a competent set of educational and analytical materials, this broker provides high-quality services for novice and experienced traders.
Beginners seeking detailed educational resources and support will undoubtedly appreciate this broker. Experienced traders will also find it beneficial due to competitive trading commissions, abundant tools for analysis and trading, and the convenience of the depositing and withdrawal process.
Pros and Cons of Admirals
Pros
- Low trading fees.
- Wide range of payment methods.
- Extensive analytical resources.
- A rich collection of educational materials.
Cons
- Inactivity fee.
- Some users complain about the intrusiveness of the support service.
10. Exness
Broker Exness is one of the most attractive companies offering brokerage services for clients worldwide in the Forex market.
Partnership with leaders in financial analytics, minimal commissions, numerous positive client reviews, a well-established operational scheme, and a decent selection of real assets and account currencies makes trading with the broker profitable and secure.
Pros and Cons of Exness
Pros
- Wide selection of trading accounts.
- Instant fund withdrawal.
- Variety of trading platforms.
- A variety of analytical tools.
Cons
- Limited selection of educational materials.
- Average selection of markets and products.
- Deposit fees.
How the List of the Best MT4 Brokers Was Compiled
The list of the top Forex brokers with MT4 was compiled based on the following criteria:
- The ranking of brokers was performed considering our Forex broker list, which considers multiple factors, including reliability, trading conditions, and customer service.
- The brokers included in the list have been tested and rated according to our methodology, which includes an analysis of their financial stability, trading offerings, and customer service quality.
- An important factor is the availability of the MetaTrader 4 platform with the broker, known for its advanced features and extensive trading capabilities.
These criteria ensure that the brokers in our list not only offer access to the advanced trading platform MetaTrader 4 but are also reliable and preferred options for traders seeking effective Forex trading.
FAQ
What is the best broker for MetaTrader 4?
The best Forex brokers that use MetaTrader 4 are known for their reliability, low spreads, fast execution, and excellent customer service. Some of the top brokers for MT4 include:
- IC Markets: Known for its competitive spreads and high execution speed.
- Pepperstone: Offers low commissions, reliable execution, and strong customer support.
- RoboForex: Provides various account types and good trading conditions.
- Admirals (formerly Admiral Markets): Offers a wide range of instruments and high liquidity.
Is MT4 good for Forex?
Yes, MetaTrader 4 is excellent for Forex trading. The platform is widely used by traders globally due to its simplicity, reliability, and extensive features. MT4 offers:
- A comprehensive set of technical indicators and analytical tools.
- Support for algorithmic trading through the built-in MQL4 programming language.
- Compatibility with expert advisors (EAs) and custom indicators.
- User-friendly interface and customizable features.
Do professionals use MT4?
Yes, many professional traders continue to use MetaTrader 4 due to its reliability, ease of use, and extensive capabilities for technical analysis and algorithmic trading. Despite the introduction of MetaTrader 5 (MT5), MT4 remains popular among professionals because of its proven functionality and widespread broker support.
Which MetaTrader is Best for Forex Trading?
Choosing between MetaTrader 4 and MetaTrader 5 depends on your trading preferences and needs:
MetaTrader 4: Suitable for traders who prefer simplicity and stability. It is widely used and supported by many brokers, making it an ideal choice for beginners.
MetaTrader 5: Suitable for more advanced traders who need advanced features such as additional order types, market depth, and improved analysis tools. MT5 brokers support more financial instruments and provide more opportunities for algorithmic trading.
Do I need a broker for MT4?
Yes, you need a broker to trade on the MetaTrader 4 platform. A broker provides access to financial markets, allowing you to execute trades based on current market quotes. The broker also ensures order execution, provides leverage, and offers other essential services for successful trading.
How to choose a Forex broker with MT4?
When choosing a Forex broker with MetaTrader 4, it is important to consider several factors. First, make sure that the broker is regulated by reliable financial authorities, which guarantees the safety of your funds. Second, pay attention to the trading conditions, including spreads, commissions, and available leverage. It is also important to have a demo account to test the platform and the level of customer support. Consider the available trading instruments (currency pairs, CFDs, and other assets) and make sure that the broker offers fast and stable order execution on MT4.
Can I withdraw money from MT4 without a broker?
No, you cannot withdraw money directly from the MetaTrader 4 platform without a broker. The MT4 platform is used for trading and analysis, but all financial transactions, including deposits and withdrawals, are managed through your broker's account management system. To withdraw funds, you need to log into your account on your broker's website and follow their withdrawal process.
Why do people still use MT4?
People still use MetaTrader 4 for several reasons:
- Reliability: MT4 has been a stable and reliable platform for many years.
- Simplicity: The platform is easy to use, making it suitable for both beginners and experienced traders.
- Wide Broker Support: Many brokers continue to offer MetaTrader 4, ensuring broad access for traders.
- Extensive Resources: There is a vast array of indicators, expert advisors (EAs), and custom scripts available for MT4.
- Community Support: A large user base and numerous online resources provide strong community support.
What is the minimum deposit for MT4?
The minimum deposit for trading on the MetaTrader 4 platform depends on the specific broker's terms. Some brokers allow you to start trading with very low deposits, such as:
- IC Markets: Minimum deposit $200.
- RoboForex: Minimum deposit $10.
- Pepperstone: Minimum deposit $1.
- AvaTrade: Minimum deposit $100.
It is important to check the minimum deposit requirements with your chosen broker, as they can vary depending on the account type and trading conditions.
