TopBrokers.com > MT4 Forex brokers

Best MT4 Forex brokers

MT4 Forex Brokers MetaTrader 4 Forex Brokers is the standard of brokerage business in the world. Most Forex brokers use it as their primary software. It is also a favorite among tens of million traders. Such widespread popularity is due to its intuitive interface that provides easy navigation. It is suitable for both newbies and experts. MetaTrader 4 offers advanced technical analysis features, algorithmic trading, Experts Advisors, and a customizable trading system.

The trading platform has three integral parts: market, trading signals and mobile trading app. The Market option provides several technical indicators and robots (EAs) that traders purchase to improve their trading experience. The trading signals allow traders to copy what others are doing.

It is currently the most readily available in the Forex industry. There are versions for PC operating systems such as Windows, Mac, and Linux. Mobile apps are also available for iOS and Android devices. Unfortunately, it does not have a web-based platform for understandable reasons, security being one of them. You can easily find a list of some of the top MT4 Forex brokers who support MetaTrader4 platforms in the table below.

Classic filter Constructor

View tutorial

Filter

Spreads

Trading instruments

Spread value type

Interval

Spread size

Promotion

No deposit bonus

Deposit bonus

#	Forex broker	Founded	Regulated	Reviews	Payment systems	Broker type(?)	Min. Deposit	Max. leverage	Live spread Live Average Interval: Live spreadAverage spreadEUR/USD	Live spread Live Average Interval: Live spreadAverage spreadGBP/USD	Live spread Live Average Interval: Live spreadAverage spreadUSD/CHF	Live spread Live Average Interval: Live spreadAverage spreadUSD/CAD	Live spread Live Average Interval: Live spreadAverage spreadUSD/JPY	Live spread Live Average Interval: Live spreadAverage spreadAUD/USD	Live spread Live Average Interval: Live spreadAverage spreadNZD/USD	Live spread Live Average Interval: Live spreadAverage spreadEUR/AUD	Live spread Live Average Interval: Live spreadAverage spreadEUR/CAD	Live spread Live Average Interval: Live spreadAverage spreadEUR/CHF	Accepting US traders?	Account
1	RoboForexbest broker	2009	IFSC	22	Payment systems	NDD, ECN Broker type NDD ECN STP MM	0 $	1:2000	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
2	XM.COM	2009	ASIC, IFSC Regulated ASIC IFSC CySEC	79	Payment systems	MM	5 $	1:30	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
3	EXNESS	2008	FCA, CySEC	95	Payment systems	NDD, ECN Broker type NDD ECN STP MM	0 $	1:2000	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
4	FxPro	2006	FCA, CySEC Regulated FCA CySEC CNMV	182	Payment systems	NDD, ECN Broker type NDD ECN STP	100 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
5	MultiBank Group	2005	ASIC	2	Payment systems	ECN	0 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
6	IC Markets	2007	ASIC	30	Payment systems	NDD, ECN	0 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
7	Forex.com	2001	FCA, CFTC Regulated FCA CFTC NFA	47	Payment systems	ECN, MM	100 $	1:50	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1	Real Demo	Add for comparison
8	Just2Trade	2006	CySEC	57	Payment systems	ECN, STP	100 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
9	AMarkets	2007	FSA	83	Payment systems	NDD, ECN Broker type NDD ECN STP	100 $	1:3000	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
10	LiteFinance	2005	-	43	Payment systems	ECN	50 $	1:1000	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
11	FXPRIMUS	2009	CySEC, VFSC	11	Payment systems	STP	100 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
12	Vantage FX	2009	ASIC	18	Payment systems	ECN	200 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
13	XTB.com	2002	FCA, CNMV	5	Payment systems	NDD, STP	250 $	1:200	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
14	EasyMarkets	2001	ASIC, CySEC	13	Payment systems	MM	100 $	1:400	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
15	RoboMarkets	2012	CySEC	46	Payment systems	NDD, ECN Broker type NDD ECN STP MM	100 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
16	Admiral Markets	2001	FCA, CNMV	25	Payment systems	NDD, ECN	0 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
17	FXOpen	2005	ASIC, FCA	108	Payment systems	ECN, STP Broker type ECN STP MM	1 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
18	AXITrader	2007	ASIC, FCA	12	Payment systems	NDD	0 $	1:400	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
19	Instaforex	2007	RAUFR	97	Payment systems	NDD, ECN	1 $	1:1000	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
20	Yadix.com	2010	FSC	65	Payment systems	ECN, STP	100 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
21	NordFX	2008	SEBI, VFSC	102	Payment systems	NDD, ECN Broker type NDD ECN STP	0 $	1:1000	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
22	Hantec Markets	2009	FCA	15	Payment systems	NDD	1000 $	1:200	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
23	Forex4you	2007	FSC	33	Payment systems	NDD, STP	20 $	1:1000	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
24	IFC Markets	2006	FSC, CySEC	40	Payment systems	STP	0 $	1:400	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
25	AVATrade	2006	ASIC, CBI Regulated ASIC CBI FSA FFAJ	64	Payment systems	NDD	100 $	1:400	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
26	LMFX	2015	-	25	Payment systems	NDD	50 $	1:1000	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
27	FxGrow	2008	CySEC	5	Payment systems	ECN, STP	100 $	1:300	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
28	HYCM	1977	FCA	182	Payment systems	MM	100 $	1:400	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
29	FxGlory	2012	-	18	Payment systems	NDD, MM	1 $	1:3000	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
30	Fort Financial Service	2010	IFSC	3	Payment systems	NDD, ECN Broker type NDD ECN STP	5 $	1:1000	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
31	Tickmill	2014	FCA, SIBA	10	Payment systems	NDD	25 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
32	HotForex	2010	CySEC, FSC	91	Payment systems	NDD	5 $	1:1000	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
33	FXCM	1999	ASIC, FCA	20	Payment systems	NDD	0 $	1:100	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
34	FIBO Group	1998	FSC, CNMV	37	Payment systems	NDD, MM	0 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
35	OANDA	1996	ASIC, FCA Regulated ASIC FCA MAS CFTC NFA	21		-	0 $	1:50	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1	Real Demo	Add for comparison
36	FP Markets	2005	ASIC, CySEC	19	Payment systems	DMA	100 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
37	Swissquote	1996	FINMA	36	Payment systems	STP	1000 $	1:100	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
38	FXDD	2002	MFSA	8	Payment systems	NDD, ECN	250 $	1:50	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
39	DeltaStock	1998	BNB	21	Payment systems	NDD, ECN Broker type NDD ECN STP MM	100 $	-	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
40	Markets.com	2006	CySEC	13	Payment systems	NDD	100 $	1:300	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
41	ActivTrades	2001	FCA, CNMV	132	Payment systems	NDD	100 $	1:400	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
42	Fortrade	2013	FCA, FSCS Regulated FCA FSCS NB RB	23	Payment systems	-	100 $	1:30	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
43	AAFX Trading	2014	ASIC, FSA	231	Payment systems	NDD, ECN	100 $	1:2000	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
44	GrandCapital	2006	-	16	Payment systems	STP	10 $	1:2000	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
45	BCS Forex	2006	FSA	16	Payment systems	NDD, ECN Broker type NDD ECN STP MM	1 $	1:200	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
46	FreshForex	2004	KROUFR	83	Payment systems	NDD, MM	0 $	1:1000	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
47	IG	1974	ASIC, FCA Regulated ASIC FCA BaFin CONSOB CNMV AMF	15	Payment systems	DMA, MM	0 $	1:200	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1	Real Demo	Add for comparison
48	Orbex	2010	CySEC	30	Payment systems	ECN	500 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
49	FBS	2009	IFSC, NAFD	101	Payment systems	ECN, STP	1 $	-	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
50	Swiss Markets	2012	CySEC	3	Payment systems	STP	200 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
51	BMFN	1988	ASIC, FCA Regulated ASIC FCA FSP FSCS	12	Payment systems	NDD, DMA	0 $	1:400	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
52	ForexMart	2015	CySEC	24	Payment systems	ECN	1 $	1:5000	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
53	ForexChief	2014	VFSC	124	Payment systems	ECN, STP	1 $	1:400	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
54	Octa FX	2011	FCA, FSA	29	Payment systems	ECN	100 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
55	ICM Capital	2009	FCA	4	Payment systems	-	200 $	1:200	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
56	PhillipCapital UK	1975	ASIC, FCA	7		NDD	200 $	1:400	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
57	Finam Forex	1994	CBR, NAFD Regulated CBR NAFD AFD	4	Payment systems	NDD, DMA	0 $	1:200	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
58	Core Spreads	2014	FCA	18	Payment systems	NDD	1 $	1:240	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
59	FxGiants	2015	FCA	41	Payment systems	ECN, STP Broker type ECN STP MM	50 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
60	GO Markets	2006	ASIC	14	Payment systems	NDD	200 $	1:300	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
61	Forex.ee	2004	FSA	8	Payment systems	NDD, ECN Broker type NDD ECN STP	10 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
62	City Index	2001	ASIC, FCA	15	Payment systems	NDD, ECN	250 $	1:400	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
63	ICE FX	2015	-	8	Payment systems	STP	30 $	1:300	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
64	TrioMarkets	2014	CySEC	9	Payment systems	ECN, STP	500 $	1:300	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
65	UOB Kay Hian	2000	MAS	7		NDD	0 $	1:50	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
66	City Index Singapore	2006	MAS	3		MM	100 $	1:50	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
67	Haitong	2010	MAS	9		NDD, ECN Broker type NDD ECN STP	0 $	1:50	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
68	FXCitizen	2010	VFSC	11	Payment systems	NDD, ECN	10 $	1:1000	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
69	Land FX	2013	FCA, FSCS Regulated FCA FSCS FSA	11	Payment systems	NDD, ECN	300 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
70	Pepperstone	2010	ASIC	13	Payment systems	ECN	200 $	1:400	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
71	InvestAZ	2010	FSP, SPK	8		ECN	100 $	1:1000	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
72	Abshire-Smith	2011	FCA, FSCS	10	Payment systems	STP, DMA	500 $	1:200	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
73	ArgusFX	2000	CySEC	10	Payment systems	STP	0 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
74	Bacera	2009	ASIC	11	Payment systems	MM	0 $	1:400	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
75	Capital Index	2014	FCA, CySEC Regulated FCA CySEC FSCS	3	Payment systems	NDD, STP	100 $	1:200	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
76	Core Liquidity Markets	2012	ASIC, FSA	10	Payment systems	NDD	100 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
77	Darwinex	2012	FCA	10	Payment systems	STP, DMA	500 $	1:200	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
78	CMG	2015	ASIC	19	Payment systems	-	250 $	1:400	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
79	Colmex Pro	2010	CySEC	14		NDD, ECN	2000 $	1:400	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
80	eTrader	2014	CySEC	11		NDD	100 $	1:200	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
81	Flatex	1999	BaFin	9		NDD, MM	0 $	1:100	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
82	Fullerton Markets	2015	FSP	16	Payment systems	ECN, STP	100 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
83	FX88	2016	CySEC	2	Payment systems	ECN	100 $	1:50	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
84	FXCC	-	FCA, CySEC	163	Payment systems	NDD, ECN Broker type NDD ECN STP	100 $	1:300	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
85	FX Choice	2010	IFSC	6	Payment systems	NDD	100 $	1:200	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
86	GMG Markets	2015	FCA	2		NDD, STP	200 $	1:100	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
87	Infinox Capital	2009	FCA	10	Payment systems	ECN, STP	100 $	1:30	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
88	iTrader	2012	IFSC	4	Payment systems	NDD	250 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
89	Mex Exchange	2012	ASIC	3	Payment systems	NDD, ECN	200 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
90	FXPCM	2007	FSC, DFSA Regulated FSC DFSA DMCC	2	Payment systems	NDD, ECN	100 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
91	RietumuFX	1992	FCMC	9		NDD	1000 $	1:300	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
92	TFI Markets	1999	CySEC	3		NDD	50 $	1:30	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
93	Tradealot	2010	FCA	8	Payment systems	STP	2000 $	1:30	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
94	AMP Global	2018	CySEC, CFTC Regulated CySEC CFTC NFA	7	Payment systems	STP	100 $	1:30	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
95	Ingot Brokers	2004	ASIC	8		ECN	100 $	1:400	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
96	Alvexo	2014	CySEC, SIBA	10	Payment systems	ECN	0 $	1:300	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
97	AETOS	2007	ASIC	6	Payment systems	NDD	250 $	1:200	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
98	ATFX	2015	FCA	17	Payment systems	NDD	0 $	1:400	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
99	Key to Markets	2010	FCA, FSP Regulated FCA FSP DMCC	6	Payment systems	ECN	100 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
100	BDSwiss	2012	CySEC, FSC Regulated CySEC FSC CFTC NFA	10	Payment systems	ECN	0 $	1:400	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
101	ATC Brokers	2005	-	3		ECN	2000 $	1:100	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison
102	Milton Prime	2015	CySEC, SIBA	1	Payment systems	NDD	0 $	1:500	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	Real Demo	Add for comparison

Was the information useful for you?

5 (4)

Features To Consider When Choosing a Forex Broker Trading Platform

Meta Trader 4 Forex Brokers

Your trading experience directly depends on the platform you are using. Most Forex brokers offer multiple platform choices to their traders. However, just because a reputable broker uses a specific platform is not a guarantee that it is suitable for your trading needs. Below are some of the factors worth considering.

· Availability

Are you planning to use a mobile device or PC? What is the operating system of the device you are using? A suitable trading platform is one that allows you to use what you have without incurring extra cost. Most of them are downloadable software that you install on your PC or apps for mobile devices. If you have neither, then you should consider a platform that is available over the web. A stable high-speed internet connection is necessary for internet-based platforms, and most of them are.

· The accuracy of Forex quotes

The last thing you will want during your trading period is not being able to monitor changes in the market in a real-time. You need to see the changes as soon as they happen. Such possibility will save you from costly re-quotes. It also enables you to observe your investment as a keenly as an eagle watches over its nest.

· Management of orders

An excellent platform will make it possible for you to enter all the type of orders that you wish to make, including take profits and stop loses among others. Another important feature to consider in this section is the “One Cancels the Other,” OCO feature. It helps in avoiding executing two orders for the same trade.

· Freedom to manage your accounts

An ideal trading platform in the Forex allows you to keep track and control some of the critical features of your trading. It has functions that help you keep track of your account balance and monitor the changes in your portfolio on a real-time basis.

· Charting and indicators

The two are some of the most common tools for technical analysis that you will find handy when trading with Forex brokers. The levels of sophistication of these tools vary from one platform to another depending on the level of experience of the targeted niche of users. The charts should be able to update in real time irrespective of the users level of skills. Some platforms also provide support features that allow traders to trade directly using the information on the charts.

· Fundamental analysis

The functionality provides access to live news feed from trusted financial news sources such as Associated Press, Reuters, among others. Traders on platforms have these tools can know when the next significant economic news is due and plan for it.

· Security of personal information

The heightened levels of cybercrime call for caution when using a platform that operates on the internet. You should have an assurance of the safety of sensitive information such as financial information, login data, and other personal details. A suitable platform uses secure internet encryption protocols. A backup is also essential in case a hacker takes over the system and data are lost.

· Trading strategy options

The latest trading trend is the automated trading strategy. It enables traders to program their trading plans such that it triggers automatic transaction execution. It is advisable to go for a platform that allows this feature, even if you are a beginner. You will undoubtedly need in the future.

· Downtime records

Downtime is an annoying period when you can perform no transaction on the platform. It becomes a problem when it occurs during the trading hours. You can check a platforms’ downtime by checking its uptime records. It should be as close to 100% as possible. Using a Virtual Private Server, VPS also helps during downtimes on your side of the system.

After pointing out the feature that matters when selecting a trading platform, we turn to the reasons why MT4 is the most popular choice among Forex brokers.

The Benefits of Using an MT4 Forex Broker Trading Platform

Readily available: the platform is available for both PC and mobile device users. It is compatible with the Windows, Linux and Mac a well as iOS and Android operating systems. The MT4 platform is also available is several native languages.

Easy to use: MetaTrader 4 has an intuitive interface that is easy to use by all traders irrespective of their experience. The mobile trading option allows you trade while on the move.

Excellent charting tools: MT4 platform offers advanced charting tools the enables traders to conduct a technical analysis of the market and conduct trades simultaneously. Additionally, the charts are customizable hence, easy to use and read. You can as well remove what you do not need from the chart, create templates, change colors and styles.

Automated Trading strategy: This time-saving feature is one of the reasons for the popularity and success of this platform. The platform provides EAs that you can use to automate your trading activities to meet your needs.

Profile management: It is possible for you to view your profile details on the same interface. Some of the available information includes account details, trading history, and passwords. You can create a profile for each market and arrange the charts and windows according to your personal preference.

High information security: Security is another reason that makes MT4 stand out in the industry despite the fact that there are other sophisticated more platforms than it. It uses a 129-bit key to encrypt user information. It salon secures the IP address of the trader. It, therefore, guarantees the security of sensitive information such as the user’s details and location.

Real-time communication: MT4 Forex brokers can communicate directly with their traders on the platform through messages. It eliminates the need for long emails, which you might not see in time and are often complicated.

Low PC performance requirement: MetaTrader 4 is not one of those performance intensive programs that take your PC’s memory. Its low computer resource requirement enables faster response to a trading request and real-time market analysis.

Vast choice of trading instruments: MT 4 trading platform supports a wide variety of trading instruments such as equities, securities, and commodities. It also allows trading in nearly all types of currencies.

Trader customizations: You can fully customize your MT t4 account to suit your needs as well as taste and preferences. If you have some skills in MQL4 programming, then you can develop your own EA and technical indicators. It also enjoys sizeable online community forums where you can find open source codes and help with programming issues.

How to Select the Right MT4 Forex Broker

Meta Trader 4 Features

The above benefits of the MT4 trading platform have made it a favorite among Forex trade brokers. Nearly all the Forex brokers have MT4 as one of the trading platforms. So how do you select the best broker in such a sea of options? Below are some of the essential factor s consider when hunting for a broker that uses an MT4 platform.

Type of broker

The first place to start your search is by narrowing down to a specific kind of broker. The common type is the market making brokers. They function as counter-parties to every transaction. They buy orders from traders who are selling, hold it and until they find a buyer willing to pay for the prices they have set. They are also known as dealing desk brokers.

You will not be able to access the actual market prices with these brokers, and there is always a conflict of interest. They are a good option if you plan to trade in small amounts. They also come in handy during volatile market scenarios.

The other broker types are the Non-dealing desk ones. They provide a trader with direct access to the liquidity provider and other traders. Straight Through Processing (STP) and Electronic Communication Network, ECN, is the type of brokers in this category. They may have overlapping features, but they are different in principle. A significant difference is that STPs do not have a Depth of the Market Functionality. MT4 ECN is available for ECN Forex brokers.

Compliance with relevant regulatory requirements

MT4 Forex brokers are subject to regulation. The name of these regulatory bodies and their needs vary from country to country. In the US for example, two agencies regulate the operations of Forex brokers namely: the National Futures Association, NFA, and the Commodity Futures Trading Commission. A legitimate Forex dealer will have CFTC registration and be a member of the NFA.

Dealing with duly regulated MT4 Forex brokers ensures security for your deposit. If the broker collapses, you stand to be compensated by the regulating economy. In some countries such as the UK, the government protects the amount a trader invests with any of the licensed brokers.

Account requirements

Account on MT4

The above two factors will eliminate most of the MT4 Forex brokers leaving you with legitimate ones only. You can now focus on the intricacies that make them different one from the other. The first place to look is the different account offerings and requirements. They include:

Minimum account size: Some MT4 Forex brokers require deposits as low as $50. STP and ECN brokers, however, are for high rollers and experts. The minimum deposit for this brokers ranges between $10,000 and $50,000 even if they operate on the ECN MT4 platform.

Leverage: It is an attractive feature because it enhances your chances of winning big and increases your purchasing power. Leverage of 100:1, for example, gives a trader with $1000 investment the purchasing power of $100,000. However, it is essential to use these cautiously as the same factor also multiplies the losses.

The mode of compensation: MT4 Forex brokers get their cut in two ways, charging commission or widening the spread. ECN brokers charge commission on each transaction since they are not participants but only facilitators. Market makers, on the other hand, make money on the spreads. None of the options is outrightly better than the other. The commission-based brokers charge highly while market makers always price the spread to protect their bottom-line, not that of the traders.

Commodity and currency

Even though MT4 platform allows for several choices of trading instruments as well as currencies, the interest of traders vary. One may choose to deal with a specific pair of commodities while another prefers currencies. In the end, the broker you settle for should be offering your instruments of interest.

Customer service

Though the last on this list, it is the most important. You need to be sure that you can get help promptly when you need it. A worthy MT4 Forex broker will employ real people to handle its customers. You can get a glimpse into the dealer’s customer service by calling them and asking questions on features such as the account requirement details and trade volume.

Conclusion

You can start your Forex trading by using the most widely used platform, the MetaTrader 4. IT has sufficient information and community support than most of the new platforms. You will join a community of tens of million traders. Only ensure you choose a licensed, reliable, and reputable MT4 Forex broker that suits your trading needs.