What Forex Brokers Use MT4

The MetaTrader 4 (MT4) platform remains the world’s most widely used forex trading software, known for its custom indicators, expert advisors (EAs), charting tools, and low-latency execution. Despite the rise of MetaTrader 5 and proprietary platforms, many leading forex brokers continue to support MT4 due to strong trader demand and established trading ecosystems.

This article highlights the top forex brokers that still offer MT4, their account types, execution models, and how they optimise the platform for both beginner and professional traders.

Why MT4 Remains Popular

Lightweight and stable across devices
Supports automated trading (EAs)
Wide range of custom indicators and scripts
Fast execution with low system requirements
Deep broker integrations and plugin compatibility

Top Forex Brokers That Use MT4

1. IC Markets

MT4 Availability: Yes (Raw and Standard accounts)
Execution: True ECN with low latency
Spreads: From 0.0 pips on Raw account
Features: One-click trading, depth of market, MAM support
Why MT4 Works: Popular with algo traders and EA users

2. Exness

MT4 Availability: Yes (Standard, Pro, Zero, Raw)
Execution: Market execution with fast servers
Spreads: From 0.1 pips
Features: Unlimited leverage, instant withdrawals
Why MT4 Works: Highly customisable and ideal for EA deployment

3. HFM (HotForex)

MT4 Availability: Yes (Micro, Premium, Zero)
Execution: Market and STP execution
Spreads: From 0.0 pips on Zero account
Features: VPS hosting, multi-terminal options
Why MT4 Works: Built for multiple account types and trading styles

4. FXTM (ForexTime)

MT4 Availability: Yes (Micro, Advantage, Advantage Plus)
Execution: ECN/STP hybrid
Spreads: Variable and tight
Features: FXTM Invest (copy trading), MT4 WebTrader
Why MT4 Works: Beginner-friendly with robust African market support

5. Pepperstone

MT4 Availability: Yes (Standard and Razor)
Execution: ECN-like via STP model
Spreads: From 0.0 pips with low commissions
Features: Smart Trader Tools plugin suite
Why MT4 Works: Suitable for scalpers and technical analysts

6. FBS

MT4 Availability: Yes (Cent, Standard, ECN)
Execution: Market execution
Spreads: From 0.3 pips
Features: MT4-based bonus accounts and social trading
Why MT4 Works: Supports bonus trading, cent account integration

7. FXPro

MT4 Availability: Yes (MT4, MT5, cTrader all supported)
Execution: No-dealing desk execution
Spreads: Competitive floating spreads
Features: Free VPS, EA compatibility, risk management tools
Why MT4 Works: Broad liquidity and expert advisor optimisation

8. Octa

MT4 Availability: Yes (MT4/MT5 account split)
Execution: STP/ECN
Spreads: From 0.6 pips
Features: Copy trading via Octa app
Why MT4 Works: Works well with their cashback and low-deposit offers

9. AvaTrade

MT4 Availability: Yes (Fixed spread accounts)
Execution: Market maker model
Spreads: Fixed from 0.9 pips
Features: AvaProtect risk tool, MT4 Mac compatibility
Why MT4 Works: Stable fixed spreads ideal for long-term trades

10. RoboForex

MT4 Availability: Yes (Pro, Prime, ECN, Cent)
Execution: NDD model
Spreads: From 0.0 pips
Features: Free VPS, strategy builder, copy trading
Why MT4 Works: Supports EA optimisation and automated portfolios

Key Takeaways

Most major brokers still offer MT4 due to trader demand and EA dependency
IC Markets, Pepperstone, and Exness are top choices for ECN execution on MT4
Brokers like FXTM and FBS support MT4 with cent accounts and localised features
MT4 is suitable for manual trading, automation, and scalping
Always check whether the broker’s MT4 supports hedging, VPS, and add-ons

Frequently Asked Questions

Do brokers still use MT4 in 2025?

Yes, despite MetaQuotes phasing out new MT4 licences, most top brokers continue offering MT4 to existing and new clients.

Which brokers are best for MT4 trading?

IC Markets, Exness, Pepperstone, and HFM offer top-tier MT4 experiences with ECN execution and ultra-low spreads.

Is MT4 better than MT5?

MT4 is preferred for forex and EA trading due to simplicity and compatibility. MT5 offers more features but has lower EA support.

Can I use MT4 on mobile and desktop?

Yes, all major brokers support MT4 across Windows, Mac, iOS, and Android platforms.

Do all brokers support Expert Advisors on MT4?

Most do. Ensure your broker allows automated trading and doesn’t restrict EAs or scalping strategies.

What Forex Brokers Use MT4

Why MT4 Remains Popular