MetaTrader 4 (MT4) remains the most widely used trading platform in the forex industry, known for its user-friendly interface, automated trading (EAs), and deep customisation options. In 2026, despite the rise of newer platforms, MT4 continues to dominate, especially among retail traders, scalpers, and algorithmic systems. This guide ranks the best forex brokers on MT4, based on regulation, execution speed, spreads, and platform enhancements.
Why Trade Forex on MT4?
- Easy-to-use interface suitable for beginners and pros
- Automated trading with Expert Advisors (EAs)
- Custom indicators and strategy testing
- Supports all order types including trailing stops
- Available on Windows, Mac, iOS, Android, and web
Best Forex Brokers on MT4 in 2026
1. IC Markets – Best ECN MT4 Broker
- Regulation: ASIC, CySEC, FSA
- Min Deposit: $200
- Spreads: From 0.0 pips (Raw Spread)
- MT4 Add-ons: Depth of Market, one-click trading, MAM
- Why It’s Best:
- True ECN environment on MT4
- 2000+ assets including forex, crypto, indices
- Ideal for scalpers and EAs
2. Pepperstone – Best for MT4 + Tools
- Regulation: FCA, ASIC, CySEC, DFSA
- Min Deposit: $0
- Spreads: From 0.0 pips (Razor)
- Platform Enhancements: Smart Trader Tools (MT4 plugin suite)
- Advantages:
- Fast order execution
- VPS hosting and EA optimisation tools
- Available on MT4 desktop, mobile, and web
3. XM – Best for Beginners on MT4
- Regulation: ASIC, CySEC, IFSC
- Min Deposit: $5
- Account Types: Micro, Standard, Ultra Low
- Why MT4 Works Here:
- Supports micro lots and tight spreads
- Bonus promotions and swap-free accounts
- Multilingual tutorials and live support
4. FXTM – Best for Localised MT4 Access
- Regulation: FCA, FSCA, CySEC
- Min Deposit: $10
- Platform Access: MT4 on mobile, desktop, and Mac
- Key Benefits:
- Naira and mobile money support
- Daily trading signals and analytics
- Suitable for African and Asian traders
5. Exness – Best for MT4 + Leverage Flexibility
- Regulation: FCA, FSCA, CySEC
- Min Deposit: $10
- Leverage: Up to unlimited
- MT4 Features:
- Low latency execution
- Instant withdrawal integration
- Great for scalping and auto-trading setups
Comparison Table: Top MT4 Forex Brokers
Broker | Regulation | Min Deposit | Spread From | MT4 Features | Best For |
---|---|---|---|---|---|
IC Markets | ASIC, CySEC | $200 | 0.0 pips | ECN spreads, low latency | Scalping, algos, pros |
Pepperstone | FCA, ASIC, DFSA | $0 | 0.0 pips | Smart Trader Tools plugin | Tools + execution speed |
XM | ASIC, CySEC | $5 | 0.6 pips | Micro lots, easy setup | Beginners and micro traders |
FXTM | FCA, FSCA, CySEC | $10 | 1.5 pips | MT4 for mobile/bank users | Regional deposit support |
Exness | FCA, FSCA, CySEC | $10 | 0.3 pips | Unlimited leverage | Automated + high leverage |
What to Look for in an MT4 Forex Broker
✅ Server Location and Execution Speed
Choose brokers with low-latency infrastructure to ensure your MT4 orders are filled without slippage.
✅ EAs and VPS Hosting
If you use Expert Advisors, look for brokers offering VPS or dedicated EA infrastructure (IC Markets, Pepperstone, Exness).
✅ Regulation and Withdrawals
Regulated brokers offer better client fund protection and faster, more reliable withdrawal systems.
✅ MT4 Add-Ons and Tools
Advanced MT4 plugins like Smart Trader Tools, Sentiment Indicators, and Autochartist can improve decision-making.
✅ Mobile App and WebMT4
Ensure your broker offers MT4 mobile and browser-based trading, especially for on-the-go execution.
Key Takeaways
- IC Markets offers the best MT4 trading experience for pros using ECN and EAs
- Pepperstone enhances MT4 with exclusive tools for execution and trade analysis
- XM is ideal for beginners starting with micro accounts and bonus offers
- FXTM is a strong choice for traders needing mobile-friendly MT4 and localised deposit options
- Exness stands out for MT4 with unlimited leverage and instant withdrawals
Frequently Asked Questions
Which forex brokers support MT4?
Most major brokers including IC Markets, XM, Pepperstone, FXTM, and Exness support MT4 across desktop, mobile, and web.
Is MetaTrader 4 still available in 2026?
Yes. Despite newer platforms, MT4 remains widely used for its stability, EAs, and global broker support.
Can I trade with robots (EAs) on MT4?
Yes. MT4 was designed with full EA and algorithmic trading support and is ideal for automated strategies.
Is MT4 better than MT5?
MT4 is simpler and better supported for forex-only traders, while MT5 offers multi-asset features and more advanced depth.
Which MT4 broker is best for low spreads?
IC Markets and Pepperstone offer 0.0 pip raw spreads with low commissions, ideal for scalpers and high-frequency traders.
Leave a Reply
Please log in or register to share your thoughts.