Best Forex Brokers with MT4

MetaTrader 4 (MT4) is the most popular forex trading platform globally, known for its user-friendly interface, advanced charting tools, automated trading capabilities, and extensive customizability. Many brokers offer MT4 accounts to cater to traders ranging from beginners to experts.

This article highlights some of the best forex brokers supporting MT4, their key features, and why MT4 remains a top choice.

Why Choose MT4?

Intuitive and easy-to-use interface
Powerful charting and technical analysis tools
Supports Expert Advisors (EAs) for automated trading
Extensive library of custom indicators and scripts
Wide community support and tutorials

Top Forex Brokers Offering MT4

1. IC Markets

Regulation: ASIC, CySEC
Minimum Deposit: $200
Features: True ECN spreads from 0.0 pips, fast execution, VPS hosting

2. Pepperstone

Regulation: FCA, ASIC, CySEC
Minimum Deposit: $200
Features: Razor accounts with raw spreads, multiple execution options

3. XM

Regulation: ASIC, CySEC, IFSC
Minimum Deposit: $5
Features: Multiple account types, educational resources, bonuses

4. FXTM (ForexTime)

Regulation: FCA, CySEC, FSCA
Minimum Deposit: $10
Features: Flexible leverage, copy trading, strong regional support

5. HotForex (HFM)

Regulation: FCA, CySEC, FSCA
Minimum Deposit: $5
Features: Micro accounts, bonus programs, educational webinars

6. OANDA

Regulation: CFTC, NFA, FCA
Minimum Deposit: No minimum
Features: Transparent pricing, proprietary platform alongside MT4

7. FxPro

Regulation: FCA, CySEC, FSCA
Minimum Deposit: $100
Features: Multi-platform support including MT4, MT5, and cTrader

Key Takeaways

MT4 remains the industry standard platform for forex trading
Top brokers like IC Markets, Pepperstone, and XM offer competitive spreads on MT4
Automated trading with Expert Advisors (EAs) is a major advantage
MT4 supports advanced technical analysis for all trader levels

Frequently Asked Questions

What makes MT4 popular?

Its ease of use, customization, automated trading, and wide broker support.

Can I use MT4 for automated trading?

Yes, MT4 supports Expert Advisors (EAs) for algorithmic trading.

Do all brokers support MT4?

Many brokers support MT4, but some offer MT5 or proprietary platforms exclusively.

Is MT4 suitable for beginners?

Yes, MT4 is user-friendly and has abundant educational resources.

Can I trade cryptocurrencies on MT4?

Many brokers offer crypto CFDs on MT4.

Best Forex Brokers with MT4

Why Choose MT4?