Best MT4 Forex Brokers
MetaTrader 4 is one of the most popular, if not the most popular, trading platforms used by millions of traders. The platform came out two decades ago, but it is still the platform of choice for many traders, especially seasoned traders. For this reason, many brokers still offer the MT4 platform. We have curated a list of brokers with the widest range of tradable instruments, best regulations, customer service, and so much more. Check out our list of the best MT4 forex brokers.
FreshForexBonus15% deposit bonus
Best For Trading Without Min DepositMin deposit $10Max leverage 1:2000Regulated by NoAdd to compare list3.3 / 5Start tradingPros, cons & fees
Multiple Trading Platforms: Fresh Forex offers traders the popular MetaTrader 4 and 5 platforms on desktop, web, and mobile devices.
Wide Range of Assets: Traders have access to a variety of assets, including forex, commodities, indices, and cryptocurrencies.
Competitive Spreads: Fresh Forex offers competitive spreads starting from as low as 0.1 pips for major forex pairs.
Limited Customer Support: Fresh Forex only offers customer support from Monday till Friday 24/5, which may be inconvenient for traders who have questions on weekends.
No US and Canada Clients: Fresh Forex does not accept clients from the United States, limiting its reach to traders from these regions.
Commission on CFD Trades: Fresh Forex charges a commission on CFD trades, which can increase trading costs.
Pros, cons & fees
Regulated for the safety of funds.
Flexible leverage up to 1: 1000 for potential profits.
Wide range of assets including currency pairs, metals, energies, and indices.
Limited educational resources for beginners.
The high minimum deposit for certain account types.
Limited trading restrictions.
KGI FuturesBonusTrading Credit Bonus by KGI Futures24/7 SupportMin deposit $1000Max leverage 1:50Regulated by MASAdd to compare list3.1 / 5Start tradingPros, cons & fees
Strong regional presence, particularly in Taiwan, Hong Kong, Singapore, and other Asia-Pacific countries.
Offers a wide range of trading instruments, including futures, options, and leveraged derivatives.
Provides comprehensive services such as futures investment consulting and smart trading solutions, with 24/7 trading support
Limited global reach, primarily focusing on the Asia-Pacific region.
Potential language barriers for non-Asian clients, especially those who do not speak the local languages.
Less focus on Western markets compared to brokers that cater to Europe or the Americas.
QuoMarkets
trustedBonusDeposit Bonus by QuoMarketsCopy TradingMin deposit $1Max leverage 1:1000Regulated by SCA, FSA, FSCA +1Add to compare list4.6 / 5Start tradingPros, cons & fees
Wide Asset Offering: QuoMarkets provides access to 350+ instruments across forex, stocks, indices, commodities, cryptocurrencies, synthetic indices, and NDFs.
High Leverage and Low Spreads: The broker offers a very high leverage 1:1000 or limitless leverage (depending on the account type). The broker offers raw spreads on most accounts with the exception of Zero Spread Account.
Flexible Funding System: Multiple payment (including crypto) and currency options.
Lack of Tier 1 Regulations: The company has multiple regulatory licences from UAE, South Africa, and Seychelles. However, the company lacks a tier-1 regulator.
Limited Phone Support Available: Customer support is mainly handled via live chat and email, with a call back option available instead of a straightforward call support option.
Pros, cons & fees
Offers multiple account types to cater to different trading preferences.
Implements negative balance protection, safeguarding traders from losses exceeding their account balance.
Provides an excellent range of instruments, including Forex, indices, metals, stocks, cryptocurrencies, and commodities.
Restricted regional availability may limit access for traders from certain regions.
The lack of MT4 and MT5 trading platforms may disappoint traders accustomed to these popular platforms.
According to few reviews, the withdrawal process can be lengthy, taking 8-10 business days, which may inconvenience traders needing prompt access to their funds.
Pros, cons & fees
Multiple CFD Asset Classes Available: The broker offers tradeable assets across forex, metals, cryptocurrencies, stocks, indices, and commodities, allowing traders to diversify easily.
Three Clear Account Types: The broker provides Silver, Gold, and Platinum accounts, each designed for different experience levels.
Consistent Leverage Across Accounts: All account types offer leverage up to 1:200, giving traders flexibility regardless of their account level.
No MetaTrader 4/5 Available: AXWEL does not offer MetaTrader 4 or 5 trading platforms.
No Tier-1 Regulations: The company lacks a tier-1 regulator.
No Islamic Swap-Free Accounts Offered: There is no confirmed information about Islamic swap-free account options.
Pros, cons & fees
No Time Limits: FinxProp’s evaluations have no time restriction which allows traders to take as long as needed to hit targets without pressure.
Fast Payouts: Funded traders enjoy rapid withdrawals as the first profit payout is eligible 14 days after your first trade and processed within 48 hours.
High Profit Split: FinxProp offers an 80% profit split starting out, which can scale up to 90% as you grow your account.
Strict Drawdown on Quick Challenge: The one-phase Quick Challenge has tighter risk limits at 6% maximum trailing drawdown (with 4% daily loss cap).
No Instant Funding Option: FinxProp does not offer an “instant funding” program where you skip evaluation. All traders must pass either the Classic or Quick challenge to get funded. This may disappoint those looking for a direct funded account (you’ll need to prove yourself through a challenge first).
Proprietary Platform Only: Trading is done on FinxProp’s proprietary simulated platform as there is no MetaTrader 4/5 or cTrader integration. While the custom platform provides real-time data and risk monitoring, traders who rely on third-party tools or EAs might find the lack of familiar platforms a drawback.
GO Markets
Investor protectionBonusVolume Rebate Program by GO MarketsGreat Customer ServiceMin deposit $0Max leverage 1:500Regulated by FSC, ASIC, CySEC +2Add to compare list4.1 / 5Start tradingPros, cons & fees
Highly Regulated Broker: GO Markets is licensed by ASIC (Australia), CySEC (Cyprus), FSC (Mauritius), and FSA (Seychelles).
Extensive Range of Tradable Assets: The broker offers 600+ instruments, such as forex, indices, commodities, metals, cryptocurrencies, and CFDs on global stocks.
Multiple Trading Platforms: Unlike most brokers who merely support MT4 or MT5, GO Markets provides cTrader, TradingView, and WebTrader as well.
No Fixed-Spread Accounts: All accounts are variable spread, which might not suit traders who prefer the stability of fixed spreads.
Regional Restrictions: Clients from certain countries, including the US and Canada, cannot open accounts due to regulatory limitations.
No Islamic or Swap-Free Accounts: Go Markets does not offer Islamic or Swap-Free accounts unlike many popular brokerages.
IUX Investor protectionBest For High Volume TradingMin deposit $50Max leverage 1:3000Regulated by ASIC, FSCA, FSCAdd to compare list4.1 / 5Start tradingPros, cons & fees
Multi-Regulated Broker: IUX is regulated by ASIC (Australia), FSCA (South Africa), and FSC (Mauritius). The multi-regulated setup allows flexible trading conditions and security features.
Ultra-Low Trading Costs and High Leverage Options: Spreads starting from 0.0 pips on Raw accounts with competitive $7 per lot commission. Standard accounts offer commission-free trading with spreads from 0.2 pips. The company offers 1:3000 leverage across all account types, providing significant trading flexibility for experienced traders.
Very Low Barrier to Entry: Traders can start trading with as little as $10, making the company one of the most accessible brokers for beginners and traders with limited capital.
Limited Geographic Availability: The broker does not operate in the US, UK, EU, Canada, Australia, Japan, and several other restricted countries.
No MetaTrader 4 Support: Only MT5 is available for those who prefer MetaTrader platforms, which may disappoint traders accustomed to MT4.
Solus FinanceBonusRefer a Friend & Earn with SolusFinance24/7 Trading CompetitionsRegulated by NoAdd to compare list4.1 / 5Start tradingPros, cons & fees
Gamified Trading: Solus gamifies the complex trading experience which is great for new traders with limited complex trading knowledge.
Proprietary Mobile App (Android): The company has a proprietary mobile trading app available on PlayStore.
Multiple Online Payment Options: Traders (or players) can fund their accounts via Crypto, PayPal, Volet, and Cryptic.
Unclear Regulatory Framework: ITU Financial Services Inc. is registered in Delaware, US but not as a financial services provider. According to the company, they do not identify as a brokerage and therefore do not need to be regulated.
No Visa or Mastercard Payment Options: The company does not accept Visa or Mastercard payment options.
No iOS App: Solus lacks an iOS mobile app. Currently, the app is only available for Android devices and all mobile devices through mobile web.
Our ranking methodology and selection process
What Should I Look for in an MT4 Forex Broker?
When choosing an MT4 forex broker, consider regulatory compliance, trading costs (spreads and commissions), available markets, customer support, execution speed, and any extra features. But the most important thing is matching the broker to your trading goals.
Is MetaTrader 4 Still Relevant for Forex Trading?
Yes! MT4 is still one of the top platforms. It’s popular for its stability, user-friendly interface, and powerful features like custom indicators and Expert Advisors (EAs) for automation.
Final Thoughts
There’s a wide range of MT4 brokers, each with its own strengths. The key is choosing one that fits your trading style and goals. Look for regulation, competitive pricing, and a solid feature set.