MT4 Forex Brokers

MetaTrader 4 (MT4) is the most widely used forex trading platform globally, favored for its user-friendly interface, powerful charting tools, automated trading capabilities, and extensive community support. Many brokers offer MT4 accounts to cater to traders ranging from beginners to experts.

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

Why Choose MT4?

Easy to use with a customizable interface
Advanced charting and technical analysis tools
Supports automated trading via Expert Advisors (EAs)
Large library of custom indicators and scripts
Active community and abundant educational resources

Top MT4 Forex Brokers

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 is the industry standard for forex trading
Brokers like IC Markets and Pepperstone offer competitive MT4 trading conditions
Automated trading and customizable tools make MT4 popular
Suitable for both beginners and experienced traders

Frequently Asked Questions

What makes MT4 popular?

Its ease of use, extensive tools, 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 focus on MT5 or proprietary platforms.

Is MT4 suitable for beginners?

Yes, MT4 is user-friendly with abundant tutorials.

Can I trade cryptocurrencies on MT4?

Many brokers offer crypto CFDs on MT4.

MT4 Forex Brokers

Why Choose MT4?