The Best MT4 Brokers List Compare Metatrader 4 Platforms in 2023

• Web, mobile app, desktop platforms
• Fast execution platform and a great MT4 alternative
• More than 2100 global markets

3. Vantage – Access over 3,200 Professional Signals with MT4

Launched in 2009, Vantage is a popular CFD trading platform for Forex pairs, cryptos, commodities, shares and indices. With the Raw ECN account, investors can access the popular EUR/USD pair at low spreads, starting at 0.2 pips. Moreover, the STP account on Vantage offers commission-free trading on CFDs.

Vantage makes its trading platform available with MT4 trader – which offers high-speed trading on FX pairs. Allowing investors to gain an edge in the global markets, the MT4 brokerage gives investors access to over thousands of charting & customization options with Vantage. On this popular trading platform, MT4 is made available on the web, desktop, as well as Vantage app – which can be accessed on iOS and Android.

For traders lacking the time to open manual trades, MT4 offers an automated trading feature in the form of a forex robot – known as Expert Advisors. By designing a state-of-the-art optic network which connects with the platform’s global servers, Vantage leverages MT4 to execute trades accurately and securely with 99.99% uptime.

Offering over 3,200 trading signals, MT4 on Vantage allows investors to leverage the best possible strategies to open FX trades.

What We Like:

• ECN account available
• Best forex broker for PAMM accounts
• Integrates with MT4, MT5, cTrader, and TradingView
• Up to 500:1 leverage for professional traders

5. AvaTrade – Popular MT4 Forex Broker with Added MT5 Support

Our pick for the best MT5 broker with added support for MT5 is AvaTrade. AvaTrade is a well-known CFD broker, offering over 50 FX pairs to trade as well as the best forex VPS. The platform has been in operation for over 15 years and is regulated by several leading bodies; most notably, the Central Bank of Ireland.

Like most MetaTrader 4 brokers that focus on CFDs, AvaTrade incorporates its trading fees into the bid/ask spread and charges no commissions. Spreads can be as low as 0.9 pips for EUR/USD, with functionality for up to 30:1 in leverage. AvaTrade also makes it simple for users to fund their accounts, with no deposit fees levied and support for bank transfers, credit/debit cards, and several e-wallets.

AvaTrade offers a free MT4 download for all users, although it does not support MT4 for Mac. Once downloaded, users can begin trading immediately, requiring a minimum deposit of only $100. Finally, AvaTrade also offers the MT5 trading application, which will appeal to users who wish to trade other asset classes.

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6. Skilling – Popular MT4 Broker with Low Spreads

Skilling is a MetaTrader 4 broker popular due to its low spread offering. Due to this, many consider Skilling to be one of the best algorithmic trading platforms, as more than 70 FX pairs can be traded through the low-fee ‘Premium’ account. Although this account charges low spreads, it does set a commission on each trade.

Alternatively, users can opt for the ‘Standard’ account, with spreads averaging around 1.2 pips for EUR/USD. Skilling also offers full integration with MT4, allowing users to employ ‘Expert Advisors’ to automate the trading process. Finally, Skilling even provides ultra-fast execution speeds, averaging just 0.05 seconds per position.

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7. Forex.com – Leading MT4 Trading Platform for Automated Trading

US-based investors looking to use the MetaTrader 4 app may wish to partner with Forex.com. Forex.com has a stellar reputation within the FX industry, boasting over 90 pairs to trade. Users can choose from a selection of account types, although the ‘STP Pro’ account provides access to deep liquidity – meaning spreads can be as low as 0.1 pip for highly-traded pairs.

Forex.com is also one of the best Islamic brokers to partner with, offering a dedicated ‘swap-free’ account type. Like the other options on this list, Forex.com offers seamless integration with MT4, with an added Reuters newsfeed and various research resources. Finally, Forex.com even offers a free MT4 demo account, which is excellent for beginners who are trading for the first time.

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8. Oanda – One of the Best MT4 US Forex Brokers for Advanced Investors

Oanda is one of the best MT4 brokers for US-based traders and is regulated within the country by the CFTC and the NFA. Users can trade 69 currency pairs on Oanda, with all fees built into the spread. Notably, Oanda provides full support for micro lot trading and offers up to 50:1 leverage on the platform’s tradable currency pairs.

Oanda has no minimum deposit threshold and supports nine base currencies. There are no deposit or withdrawal fees to contend with, and Oanda also accepts funding via PayPal, Neteller, and Skrill. Finally, Oanda offers integration with MT4 for Mac, Windows, and smartphone devices – along with ‘depth of market’ pricing, ensuring the tightest spreads possible.

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9. IC Markets – Great MT4 App with Raw Pricing and Fast Execution

Another option for the best MT4 broker is IC Markets due to the fact that it is a low-spread forex broker. IC Markets is policed by ASIC and offers spreads from as little as 0.0 pips on the ‘Raw’ account. Over 60 currency pairs are available to trade through IC Markets, with micro lot trading and fast execution providing a seamless user experience.

Deposits are free to make with IC Markets, although the minimum deposit threshold is slightly higher, set at $200. By using the MetaTrader 4 app in conjunction with IC Markets, professional traders can receive leverage of up to 500:1. Finally, IC Markets also ensures no minimum order distance, which is excellent for scalpers who thrive on small price movements.

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Traders looking to robot copy on MT4 may wish to consider FxPro, as this platform offers 70 FX pairs to trade, with full support for micro lot trading. FxPro has been in operation and is regulated by the FCA, ensuring high credibility. The minimum deposit threshold is $100 with FxPro, and users can choose from an array of account types – including ones that integrate with MT4 and MT5.

Deposits can be made for free via bank transfer, credit/debit card, and e-wallet (e.g. PayPal). Withdrawals are also free to make, although a fee will be charged after six months of inactivity. Finally, FxPro also supports MetaTrader 4 for Mac and Windows, offering a Virtual Private Server with no downtime.

What We Like:

Rounding off our list of MT4 brokers is FP Markets. FP Markets is the best MT4 broker for copy trading, as the platform allows users to automatically copy the trades placed by other FP Markets traders. Notably, this feature integrates with MT4 and MT5, allowing users to tailor their risk level accordingly.

FP Markets’ ECN account will appeal to frequent traders as it offers ultra-low latency, designed to reduce (or remove) slippage. Spreads on this account can be as low as 0.0 pips, although a commission will be charged. Finally, FP Markets even allows users to buy cryptocurrency (and other asset classes), making it easy to create a diversified portfolio.

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Best MT4 Brokers – Conclusion

In conclusion, this guide has taken an in-depth look at a selection of the best MT4 brokers on the market, highlighting their fees, features, and asset selection. By reviewing the information presented in this guide, users can find a platform that suits their needs and begin trading with MT4 immediately.

Our pick for the best broker for MetaTrader 4 is Axi – click below to learn more.