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.
Vantage
trustedBonus50% deposit bonus
Best For Online CFD TradingMin deposit $50Max leverage 1:2000Regulated by ASIC, FCA, FSA +1Add to compare list4.5 / 5Start tradingPros, cons & fees
Low Trading Fees
Multiple Regulatory Licenses
Advanced Copy Trading Options
High Minimum Deposit for Pro ECN Account
Limited Product Range
Mixed Customer Service Reviews
MultiBank Group trustedBonus25% deposit bonusBest Gold BrokerRegulated by ASICAdd to compare list4.5 / 5Start tradingPros, cons & fees
Highly Regulated and Trustworthy
Excellent Asset Selection
Multiple Account Types
High Minimum Deposit for Best Conditions
Limited Educational Resources
Occasional Customer Support Delays
Strifor trusted
Investor protectionBonusDeposit Bonus by Strifor VIP ClubIslamic Swap-Free AccountMin deposit $0.1Max leverage 1:500Regulated by FSCAdd to compare list4.5 / 5Start tradingPros, cons & fees
One notable advantage is the availability of an Islamic account, which adheres to Sharia law and allows for interest-free trading.
The broker provides multiple account types, including Basic, Advanced, Professional, and Islamic, each catering to different levels of experience and financial capabilities.
Customer support at Strifor is accessible through several channels, including phone, email, Telegram, and WhatsApp, ensuring that help is available when needed.
One significant risk is the potential non-return of funds in crypto payments, which may concern traders who favor digital currencies for transactions.
The broker offers a singular trading platform, limiting choices for users who might prefer alternatives.
The broker's services are not available to residents of the United States, restricting access for a significant portion of potential clients.
TIOmarkets trusted Investor protectionBonusLoyalty Deposit Bonus by TIOmarkets800+ Stocks and Multiple MarketsMin deposit $20Max leverage 1:500 - Unlimited (Terms apply)Regulated by FSA, MISA, FCAAdd to compare list4.5 / 5Start tradingPros, cons & fees
Unlimited Leverage: Traders can access unlimited leverage on the Standard account through MT5, subject to the broker's terms and conditions.
Commission-Free Trading: Traders can trade with $0 commission per lot on TIOmarkets’ Standard and VIP Black accounts.
Low Trading Costs: Raw spreads start from 0.0 pips on the Raw account while Standard and VIP Black accounts offer commission-free trading.
Unlimited Leverage Has Restrictions: The broker can reduce available leverage during high-impact news events and around weekends.
Higher Minimum Deposit on Some Accounts: Raw requires $250, while VIP Black requires a minimum deposit of $1,000.
Bonus Availability: The 30% loyalty bonus comes with specific terms and is available only under certain conditions.
ADMIRAL MARKETSBonusPro. Cashback Program by Admiral MarketsBest Investor EducationRegulated by FCA, CySEC, ASIC +2Add to compare list4.4 / 5Start tradingPros, cons & fees
Regulated by Top-Tier Authorities
Excellent Educational Content
Competitive Pricing on Some Account Types
Inactivity Fee
No 24/7 Customer Support
Limited Product Portfolio for Some Account Types
Pepperstone Investor protectionBonusUp to AUD $40,000 refer-a-friend rewardBest For Low CommissionsRegulated by ASIC, FCA, BaFIN +1Add to compare list4.4 / 5Start tradingPros, cons & fees
Strong Regulatory Oversight
Fast Execution Speeds
Wide Range of Trading Instruments
Platform Complexity for Beginners
Limited Educational Resources for Advanced Traders
Limited Demo Account Access
NPBFXBonusUp to 30% deposit bonus1:200 Max LeverageMin deposit 10$Max leverage 1:200Regulated by FSCAdd to compare list4.4 / 5Start tradingPros, cons & fees
Competitive Spreads and Leverage
Fast Order Execution
Flexible Trading Strategies
Lack of Major Regulatory Oversight
Limited Platform Options
Limited Educational Resources
InstaforexBonus30% deposit bonusBest Offer On BonusesRegulated by FSC (BVI)Add to compare list4.4 / 5Start tradingPros, cons & fees
Wide Range of Trading Instruments
High Leverage Options
Low Minimum Deposit
Not Regulated by Top-Tier Authorities
Mixed User Reviews
High Spreads on Some Account Types
Pros, cons & fees
Wide Range of Trading Instruments
Multiple Account Types
High-Quality Trading Platforms
Limited Educational Resources
Higher-than-Average Spreads
Pros, cons & fees
Low-Cost Trading
Advanced Platforms
Regulated by Top-Tier Authorities
Limited Educational Resources
No 24/7 Customer Support
Unavailable to US Users
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.