List of The Best MetaTrader 4 (MT4) Brokers
Here’s a quick comparison of the best MetaTrader 4 (MT4) brokers based on their trading conditions, pricing, and available tools.
| Commision | Instruments | Trading Cost | Leverage | ||
|---|---|---|---|---|---|
 Admiral Markets | From $6 per lot | Commodities Forex Crypto Stocks | From 0.0 pips | Up to 1:500 | |
 Alpari | No commission (for Standard accounts) | Forex CFDs Indices Commodities Crypto | From 0.1 pips | Up to 1:1000 | |
 AvaTrade | From $5 per lot | Commodities Currencies Cryptocurrencies ETFs Indices Stocks | From 0.9 pips | Up to 1:400 | |
 eToro | No commission | Forex Stocks ETFs Commodities Crypto | From 1 pip | Up to 1:30 (1:5 for crypto) | |
 Exness | No commission | Commodities Currencies Cryptocurrencies Indices Stocks | From 0.1 pips | Up to 1:2000 | |
 FBS | No commission (for Standard accounts) | Commodities Currencies Cryptocurrencies Indices Stocks | From 0.0 pips | Up to 1:3000 | |
 Forex.com | From $5 per lot | Commodities Forex Stocks Indices Metals | From 0.2 pips | Up to 1:50 | |
 FXPro | From $4 per lot | Energies Forex Cryptocurrencies Stocks Futures Indices Metals | From 0.0 pips | Up to 1:500 | |
 FXTM | No commission | Commodities Stocks Forex Indices Metals Shares | From 0.1 pips | Up to 1:1000 | |
 HFM | From $6 per lot | Forex Metals Energies Indices Stocks Commodities Bonds ETFs Cryptocurrencies | From $6 per lot | Up to 1:1000 | |
 IC Markets | From $3 per lot | Bonds Commodities Cryptocurrencies Stocks Forex Futures Indices | From 0.0 pips | Up to 1:500 | |
 IG Markets | No commission | Commodities Currencies Cryptocurrencies ETF Indices Stocks Futures Bonds Options | From 0.6 pips | Up to 1:200 | |
 InstaForex | No commission | Forex Stocks Commodities Crypto Futures Indices Metals | From 0.0 pips | Up to 1:1000 | |
 IQ Option | No commission on standard accounts | Forex Stocks Cryptocurrencies Commodities Indices Options | From 0.1 pips | Up to 1:1000 | |
 Oanda | No commission | Forex Cryptocurrency Commodities Indices Metals | From 0.1 pips | Up to 1:50 | |
 OctaFX | No commission on standard accounts | Commodities Currencies Cryptocurrencies Indices Stocks | From 0.4 pips | Up to 1:1000 | |
 Pepperstone | No commission | Commodities Energies Stocks ETFs Forex Metals Indices | From 0.0 pips | Up to 1:500 | |
 RoboForex | No commission | Commodities Forex ETFs Indices Stocks Energies Metals | From 0.0 pips | Up to 1:2000 | |
 Tickmill | From $2 per lot | Currencies Commodities Indices Bonds ETFs Futures Metals | From 0.0 pips | Up to 1:500 | |
 XM | No commission | Commodities Energies Stocks Forex Indices Metals | From 0.0 pips | Up to 1:1000 |
Top 10 MT4 Brokers
MetaTrader 4 (MT4) remains a top choice for traders due to its user-friendly interface, advanced charting tools, and automated trading capabilities. Below is a list of the best MT4 brokers in 2025, highlighting their key features, advantages, disadvantages, and specifications:
Exness
Summary: Best for low spreads and high-speed execution
- Execution Speed: 0.05s
- Spreads: From 0.0 pips
- Accounts: Standard, Raw Spread
- Leverage: Up to 1:500
- Additional Tools: Autochartist, Myfxbook, VPS
Exness provides one of the fastest execution speeds, tight spreads, and flexible account options. Its support for automated trading and free VPS makes it an excellent choice for scalpers and algorithmic traders. With Autochartist and Myfxbook integration, traders get advanced analytics and trade tracking. Read more.
Pros:
✔ Ultra-fast execution with minimal slippage
✔ Spreads from 0.0 pips for cost-effective trading
✔ Supports algorithmic trading with Myfxbook integration
✔ Free VPS for uninterrupted trading sessions
✔ High leverage up to 1:500 for flexible risk management
✔ Reliable market execution with no requotes
Cons:
✘ Limited asset selection outside forex
✘ Some features require higher account tiers
IC Markets
Summary: Best for high-volume trading and scalping
- Execution Speed: 0.1s
- Spreads: From 0.0 pips
- Accounts: Standard, Raw Spread, cTrader
- Leverage: Up to 1:500
- Additional Tools: Depth of Market (DoM), VPS, Autochartist
IC Markets is a top choice for traders who prioritize speed and low spreads. With access to raw pricing and no dealing desk execution, it’s ideal for scalpers and high-frequency traders. The platform also integrates with Autochartist and offers a free VPS for automated strategies. Read more.
Pros:
✔ Raw spreads from 0.0 pips with deep liquidity
✔ Ideal for scalping and algorithmic trading
✔ No dealing desk execution for minimal price manipulation
✔ Free VPS for automated trading solutions
✔ Advanced charting and analysis tools
✔ High-speed order execution with low slippage
Cons:
✘ Requires a higher deposit for raw spread accounts
✘ Limited educational resources
XM
Summary: Best for low minimum deposit and trading bonuses
- Execution Speed: 0.15s
- Spreads: From 0.6 pips
- Accounts: Micro, Standard, XM Zero
- Leverage: Up to 1:1000
- Additional Tools: Free VPS, Trade Signals, Economic Calendar
XM is a great choice for beginner traders, offering low minimum deposits and regular trading bonuses. Its flexible account types and wide range of tradable assets make it suitable for different trading styles. XM also provides educational materials and daily market insights. Read more.
Pros:
✔ Low minimum deposit starting from $5
✔ Multiple account types for different trading needs
✔ Spreads as low as 0.6 pips with no hidden fees
✔ Free VPS for uninterrupted trading
✔ Regular trading bonuses and promotions
✔ Strong educational support for beginners
Cons:
✘ Wider spreads compared to ECN brokers
✘ Limited advanced trading tools
FBS
Summary: Best for high leverage trading and promotions
- Execution Speed: 0.08s
- Spreads: From 0.7 pips
- Accounts: Standard, Cent, ECN
- Leverage: Up to 1:3000
- Additional Tools: Cashback, Trade Analytics, Free VPS
FBS is known for its high leverage options, cashback programs, and trading promotions. With a wide selection of account types, it caters to both beginners and experienced traders. Its ECN account offers competitive spreads, making it an attractive choice for active traders. Read more.
Pros:
✔ High leverage up to 1:3000 for aggressive trading strategies
✔ Cashback and bonus programs for active traders
✔ Fast order execution with minimal requotes
✔ ECN account with tighter spreads
✔ Free VPS for uninterrupted trading
✔ Strong customer support available 24/7
Cons:
✘ High leverage can increase risk for beginners
✘ Limited regulatory oversight in some regions
RoboForex
Summary: Best for automated trading and copy trading
- Execution Speed: 0.09s
- Spreads: From 0.0 pips
- Accounts: Pro, ECN, Prime
- Leverage: Up to 1:2000
- Additional Tools: CopyFX, VPS, Trading Signals
RoboForex is ideal for traders who use automated and copy trading strategies. With access to CopyFX and a free VPS, it supports hands-free trading while offering tight spreads and fast execution. The broker also provides multiple account types with ECN execution. Read more.
Pros:
✔ Supports automated and copy trading via CopyFX
✔ ECN execution with raw spreads from 0.0 pips
✔ Free VPS for uninterrupted algorithmic trading
✔ Leverage up to 1:2000 for flexible strategies
✔ Wide range of account types for different needs
✔ Instant order execution with minimal slippage
Cons:
✘ Withdrawal fees on some payment methods
✘ Limited educational resources
Pepperstone
Summary: Best for scalping and low-latency trading
- Execution Speed: 0.06s
- Spreads: From 0.0 pips
- Accounts: Standard, Razor
- Leverage: Up to 1:500
- Additional Tools: Smart Trader Tools, Autochartist, VPS
Pepperstone is an excellent broker for scalpers and high-frequency traders, offering raw spreads and ultra-fast execution. Its Smart Trader Tools enhance MT4 functionality, providing an edge for technical traders. The broker also supports VPS hosting for automated trading. Read more.
Pros:
✔ Low-latency execution with spreads from 0.0 pips
✔ Ideal for scalping and high-frequency trading
✔ No dealing desk intervention for pure market pricing
✔ Smart Trader Tools for enhanced MT4 performance
✔ Free VPS for algorithmic trading setups
✔ Strong regulatory framework for trader security
Cons:
✘ Limited range of non-forex assets
✘ Requires higher deposit for Razor accounts
FXTM
Summary: Best for beginners and educational resources
- Execution Speed: 0.12s
- Spreads: From 0.1 pips
- Accounts: Standard, ECN, Cent
- Leverage: Up to 1:1000
- Additional Tools: Daily Market Insights, Free VPS, Trade Signals
FXTM is a beginner-friendly broker offering excellent educational resources and flexible trading conditions. Its wide range of account types caters to both novice and experienced traders. The broker also provides competitive spreads and fast execution. Read more.
Pros:
✔ Strong educational resources for beginners
✔ Multiple account types with flexible trading conditions
✔ Spreads from 0.1 pips on ECN accounts
✔ Free VPS for stable trading execution
✔ Daily market insights and trade signals
✔ High leverage up to 1:1000 for various strategies
Cons:
✘ Limited advanced trading tools for professionals
✘ Wider spreads on standard accounts
Alpari
Summary: Best for flexible trading conditions and custom strategies
- Execution Speed: 0.10s
- Spreads: From 0.4 pips
- Accounts: Standard, ECN, Pro
- Leverage: Up to 1:1000
- Additional Tools: Trading Signals, PAMM Accounts, Free VPS
Alpari offers a mix of standard and ECN accounts, making it suitable for both casual and professional traders. With PAMM accounts, traders can invest in managed funds, while VPS hosting ensures stable automated trading. Read more.
Pros:
✔ Flexible account types for all trading styles
✔ PAMM accounts for passive investment strategies
✔ Competitive ECN spreads from 0.4 pips
✔ High leverage up to 1:1000 for aggressive trading
✔ Free VPS for automated trading setups
✔ Reliable trade execution with minimal slippage
Cons:
✘ Limited customer support on weekends
✘ Fewer advanced analysis tools
OctaFX
Summary: Best for commission-free trading and cashback offers
- Execution Speed: 0.07s
- Spreads: From 0.6 pips
- Accounts: Micro, Pro, ECN
- Leverage: Up to 1:500
- Additional Tools: Trading Contests, Free VPS, Cashback
OctaFX offers commission-free trading with competitive spreads, making it an attractive option for cost-conscious traders. The broker also provides cashback programs, trading contests, and a free VPS for uninterrupted trading. Read more.
Pros:
✔ No commissions on trades for cost-efficient trading
✔ Cashback rewards for active traders
✔ Spreads from 0.6 pips with no hidden fees
✔ Free VPS for automated trading strategies
✔ Trading contests with real money prizes
✔ User-friendly platform for beginners and professionals
Cons:
✘ Limited selection of non-forex assets
✘ Fewer advanced order execution tools
Admiral Markets
Summary: Best for diverse asset selection and MetaTrader add-ons
- Execution Speed: 0.11s
- Spreads: From 0.5 pips
- Accounts: Trade.MT4, Zero.MT4
- Leverage: Up to 1:500
- Additional Tools: MT4 Supreme Edition, Free VPS, Trading Signals
Admiral Markets stands out with its advanced MetaTrader add-ons, including the Supreme Edition for enhanced charting and risk management. It offers a wide range of assets, making it ideal for traders looking for diversification. Read more.
Pros:
✔ Supreme Edition add-ons for enhanced trading experience
✔ Wide range of assets beyond forex, including stocks and ETFs
✔ Competitive spreads from 0.5 pips with fast execution
✔ Free VPS for stable algorithmic trading
✔ Strong regulatory framework ensuring trader security
✔ Reliable trade execution with low slippage
Cons:
✘ Higher spreads compared to ECN brokers
✘ Limited support for high-frequency trading
Introduction to MetaTrader 4 (MT4)
MetaTrader 4 is a fully customizable trading platform that accommodates traders with different levels of expertise. It supports multiple asset classes, including forex, commodities, indices, and cryptocurrencies, making it a versatile tool for a variety of trading strategies.
One of the biggest reasons for MT4’s popularity is its extensive charting capabilities and compatibility with algorithmic trading through Expert Advisors (EAs). These EAs allow traders to automate their strategies and execute trades without manual intervention.
When looking for the best MT4 brokers, traders should consider factors such as execution speed, spreads, available trading instruments, and support for automated trading.
Key Features of MT4
MetaTrader 4 offers a range of features that cater to the needs of both beginner and advanced traders. Below are some of its most important functionalities:
| Feature | Description |
|---|---|
| Advanced Charting Tools | Provides multiple time frames, technical indicators, and graphical tools for in-depth market analysis. |
| Technical Indicators & Analytical Tools | Includes over 50 built-in indicators for trend analysis, volume tracking, and price movement predictions. Users can also add custom indicators. |
| Expert Advisors (EAs) | Supports automated trading with customizable bots that execute trades based on pre-set conditions. |
| Flexible Order Execution | Allows traders to place market, limit, stop, and trailing stop orders for better control over trade execution. |
| Security & Encryption | Ensures secure data exchange between the client terminal and the platform’s servers, protecting traders’ information and transactions. |
| Mobile & Web Trading | Available on Windows, macOS, iOS, and Android, enabling traders to monitor the markets and execute trades from any device. |
| Multi-Asset Trading | Provides access to forex pairs, commodities, stocks, indices, and cryptocurrencies, depending on the broker. |
Selecting the best broker MT4 allows traders to benefit from optimized trade execution, competitive spreads, and enhanced trading conditions.
How to Get Started with MT4
Setting up MetaTrader 4 is a simple process that only takes a few minutes. Follow these steps to start trading on MT4:
Choose the Best Broker for MT4
Selecting the right broker is essential for a smooth trading experience. The best brokers for MT4 offer:
- Low spreads and commissions
- Fast execution speeds
- Support for algorithmic trading
- A variety of asset classes
- Regulatory oversight for secure transactions
Create an Account
- Visit the broker’s website and click “Open an Account.”
- Provide your personal details, including name, email, and phone number.
- Complete any necessary identity verification if required.
Download and Install MetaTrader 4
- Navigate to the broker’s trading platform section and download MT4.
- Choose the correct version for Windows, macOS, Android, or iOS.
- Run the installation file and follow the on-screen instructions to complete the setup.
Log in to Your Trading Account
- Open MT4 and go to ‘File’ → ‘Login to Trade Account’.
- Enter your account number, password, and the server details provided by the broker.
Fund Your Account
- Access the broker’s funding section and deposit funds using your preferred payment method.
- Choose an amount that aligns with your risk management strategy.
Explore MT4 and Start Trading
- Familiarize yourself with the platform’s charting tools, technical indicators, and order execution features.
- If you are new to trading, consider using a demo account to practice before trading with real funds.
Choosing the best broker for MT4 ensures traders have access to top-tier execution speeds, deep market liquidity, and optimized trading conditions.
Downloading MetaTrader 4
Downloading MT4 is a straightforward process. While the platform itself is free, trading requires an account with a best MT4 broker. Follow these steps to install and set up the platform:
For Windows & macOS Users
- Visit the broker’s website and navigate to the trading platforms section.
- Select MetaTrader 4 and choose the correct version for your operating system.
- Click the download link and save the installation file.
- Run the setup file and follow the installation prompts.
- Open MT4 and log in using your broker-provided credentials.
For Mobile Users (iOS & Android)
- Open the App Store (iOS) or Google Play Store (Android).
- Search for MetaTrader 4 and install the app.
- Launch the app and log in using your broker-provided credentials.
The best MT4 brokers provide optimized server configurations for minimal latency, fast order execution, and seamless trading on desktop and mobile devices.
Advantages and Strategies on MT4
Trading on MetaTrader 4 (MT4) offers a range of advantages for both beginners and experienced traders. The platform is known for its flexibility, advanced charting tools, and support for automated trading. These features, combined with effective trading strategies, can help traders maximize their performance in the financial markets. Below is a detailed look at the advantages of MT4 and the trading strategies that can be implemented.
Advantages of MT4
MT4 is one of the most widely used trading platforms, known for its flexibility, advanced tools, and automation capabilities. It offers a range of features that make it suitable for traders of all levels.
Effective Trading Strategies on MT4
MT4 supports a variety of trading strategies, making it a versatile platform for different market conditions. From manual trading techniques to fully automated systems, traders can choose the approach that best suits their goals.
Conclusion
MT4 remains one of the most popular trading platforms due to its flexibility, advanced tools, and automated trading features. Whether you are using scalping, swing trading, trend following, or algorithmic trading, MT4 provides the resources needed to develop and execute strategies efficiently.
Choosing the best MT4 broker is essential for maximizing the platform’s potential. Factors such as low spreads, fast execution speeds, access to diverse markets, and reliable security should be considered when selecting a broker. Traders who take full advantage of MT4’s features while applying strong risk management practices can significantly improve their trading performance over time.
FAQ
Can I Use MT4 on Multiple Devices?
Yes, MT4 is available on various devices, including Windows, macOS, Android, and iOS. Traders can log in using the same account credentials across multiple devices, allowing for seamless market monitoring and trade execution from anywhere.