MetaTrader 4 (MT4) remains the most widely used trading platform in the forex industry, favoured by beginners and professionals for its speed, reliability, and compatibility with expert advisors (EAs). If you’re looking for a forex broker with MT4, this guide compares the top MT4-compatible brokers, outlines key features to consider, and explains why MT4 continues to dominate the retail trading space.
Why MT4 Still Matters in Forex Trading
Key Benefits of MT4
MT4 offers powerful tools for technical analysis, algorithmic trading, and order execution. Its popularity is due to:
- User-friendly interface: Easy to navigate for traders at all levels
- Custom indicators and scripts: Supports MQL4 programming for automation
- One-click trading: Fast order execution with minimal delay
- Advanced charting tools: 9 timeframes, 30+ built-in indicators, and multi-chart view
- Wide broker compatibility: Offered by nearly all top forex brokers
Top Forex Brokers Offering MT4 in 2025
IC Markets
- Regulation: ASIC, CySEC, FSA
- Execution: True ECN with low latency
- MT4 Access: Yes (Windows, Mac, Mobile, WebTrader)
- Spread: 0.1 pips (Raw)
- Leverage: Up to 1:500
- Best For: Algorithmic trading and scalping
Pepperstone
- Regulation: FCA, ASIC, CMA
- Execution: Razor account with ECN pricing
- MT4 Access: Yes (Desktop, Mobile, Web)
- Spread: 0.2 pips (Raw)
- Leverage: Up to 1:400
- Best For: EA users and TradingView enthusiasts (multi-platform support)
FXTM (ForexTime)
- Regulation: FCA, CySEC, FSCA
- Execution: Instant and market execution options
- MT4 Access: Yes (with Cent, Standard, and ECN accounts)
- Spread: From 1.3 pips (Standard)
- Leverage: Flexible, based on equity
- Best For: New traders and small accounts
Exness
- Regulation: FCA, CySEC, FSCA
- Execution: Market execution with deep liquidity
- MT4 Access: Yes (all account types)
- Spread: From 0.0 pips (Zero account)
- Leverage: Up to unlimited (based on equity tiers)
- Best For: High leverage traders and fast withdrawals
Admirals (Admiral Markets)
- Regulation: FCA, ASIC, CySEC
- Execution: STP/ECN hybrid
- MT4 Access: Yes (with MetaTrader Supreme Edition)
- Spread: From 0.6 pips
- Leverage: Up to 1:500 (Pro), 1:30 (Retail)
- Best For: Advanced charting and professional tools
How to Choose a Forex Broker with MT4
Platform Stability and Server Locations
Choose brokers with low-latency servers, VPS compatibility, and minimal slippage. This is critical for EA traders and scalpers.
Account Types and Spreads
Different brokers offer varying MT4 account types:
- Standard: No commission, wider spreads
- Raw/ECN: Tight spreads, low commissions
- Cent/Micro: Ideal for beginners and strategy testing
Regulation and Safety
Ensure your broker is regulated by top-tier bodies (FCA, ASIC, CySEC). Regulation ensures fund safety, fair pricing, and transparent operations.
Deposit & Withdrawal Methods
Fast and flexible payment options matter. Look for:
- Zero withdrawal fees
- Same-day processing
- Crypto and local funding methods
Add-ons and MT4 Enhancements
Some brokers offer plugins or enhanced MT4 versions:
- MetaTrader Supreme Edition (Admirals)
- Smart Trader Tools (Pepperstone)
- Advanced VPS hosting (IC Markets, Exness)
Key Takeaways
- MT4 remains the top trading platform for retail forex traders worldwide.
- Top brokers like IC Markets, Pepperstone, and Exness offer full MT4 support across devices.
- Choose a broker based on spreads, execution speed, regulation, and platform enhancements.
- Always test the broker’s MT4 offering on a demo account before trading live.
- Ensure your broker offers reliable MT4 server uptime and EA compatibility.
Frequently Asked Questions
Which forex broker is best for MT4?
IC Markets and Pepperstone are widely considered among the best forex brokers for MT4 due to their ECN execution, low spreads, and stable platforms.
Do all forex brokers offer MT4?
No, while most brokers offer MT4, some now focus on MT5 or proprietary platforms. Always check the broker’s platform support before registering.
Can I use MT4 on mobile?
Yes. MT4 is available on iOS and Android with full trading features, charting tools, and account access.
Is MT4 suitable for beginners?
Absolutely. MT4’s intuitive design and wide educational support make it ideal for beginners and professionals alike.
How do I connect MT4 to a broker?
After creating an account, your broker will provide MT4 login credentials. Simply download MT4, enter your server and account details, and start trading.
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