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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.

Order by
41eToro EUBest For Stock and Crypto TradingMin deposit $50Regulated by CySEC, ASIC, FINRA +1Add to compare listRating 4.3 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • User-Friendly Trading Experience

  • Innovative Social Trading Features

  • Regulated and Secure Platform

Cons

  • Limited Advanced Trading Tools and Customization

  • Presence of Non-Trading Fees

  • Limited Research and Educational Resources

Withdrawal fee 5$Deposit fee 0$ (Conversion fees apply)
42Hantec Markets1:500 Max LeverageMin deposit $10Max leverage 1:500Regulated by FCA, FSCAdd to compare listRating 4.3 / 5Start trading
Pros, cons & fees
Swap Free AccountsWide range of trading instrumentsAffiliate ProgramRead review
Pros

  • Strong Regulation

  • Fast Execution Speeds

  • Low Minimum Deposit

Cons

  • Lack of Proprietary Platform

  • Limited Educational Resources

  • Some Reported Withdrawal Issues

Withdrawal fee $0Deposit fee $0
43AVATradeBonusWelcome Deposit Bonus by AvaTradeBest User Friendly BrokerMin deposit $100Max leverage 1:400Regulated by CySEC, ASIC, FSA (SV)Add to compare listRating 4.3 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • Highly Regulated and Trustworthy

  • Excellent Educational Resources

  • User-Friendly Platforms

Cons

  • High Inactivity Fees

  • High Pricing for Retail Accounts

  • Does Not Allow US & Canadian Clients

Withdrawal fee $0Deposit fee $0
44eToro USBest For Crypto TradingMin deposit $100Max leverage NoRegulated by FINRA, ASIC, CySEC +1Add to compare listRating 4.3 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • User-Friendly Trading Experience

  • Innovative Social Trading Features

  • Regulated and Secure Platform

Cons

  • Limited Advanced Trading Tools and Customization

  • Presence of Non-Trading Fees

  • Limited Research and Educational Resources

Withdrawal fee 5$Deposit fee 0$ (conversion fees apply)
45FXCMBonusWelcome Bonus Offer by FXCMRegulated by FCA and ASICRegulated by ASIC, CySEC, CIRO +1Add to compare listRating 4.3 / 5Start trading
Pros, cons & fees
Read review
Pros

  • Regulated by Top-Tier Authorities

  • User-Friendly Proprietary Platform

  • Competitive Spreads for Active Traders

Cons

  • Limited Product Portfolio

  • High Bank Withdrawal Fees

  • No Two-Step Authentication on Trading Platforms

46Switch MarketsBonus100% deposit bonusAutomated Trading StrategiesMin deposit $50Max leverage 1:1000Regulated by VFSC, FSA (SV), ASIC +1Add to compare listRating 4.3 / 5Start trading
Pros, cons & fees
Free VPS hosting24/7 Customer Support100% Credit BonusFree AlgoBuilderFree EA ToolsRead review
Pros

  • Wide Range of Tradable CFDs: Switch Markets offers over 1,000 tradable assets across six markets like forex, commodities, shares, ETFs, cryptos, and indices.

  • Advanced Free Trading Tools: Switch Markets provides clients with a variety of free trading tools, including a VPS, PineConnector, AlgoBuilder (an AI trading tool that enables traders to automate their trading without coding skills), and TrackATrader to enhance their trading experience.

  • Islamic Swap-Free Trading Account is Available: Switch Markets offers an Islamic (swap-free) account, enabling traders to hold positions overnight without paying swap fees.

Cons

  • No Rebate Program: Switch Markets does not offer a rebate program for active traders who trade high volumes, but by becoming a VIP, there is an option for lower commissions.

  • No Phone Support: Phone support is not available 24/7, but there is an option to book a callback.

Withdrawal fee $0Deposit fee $0
47CMC Markets Investor protectionBonusWelcome Bonus Offer by CMC MarketsBoth Long-Term and Short-Term Assets AvailableMin deposit $0Max leverage 1:30 Regulated by FCA, ASIC, BaFIN +4Add to compare listRating 4.3 / 5Start trading
Pros, cons & fees
Long-Term Tradable AssetsExtensive Range of CFDsRead review
Pros

  • Extensive Range of Tradable Assets: CMC Markets offers access to more than 12,000 financial instruments, including forex pairs, stocks, commodities, indices, cryptocurrencies, and ETFs.

  • Advanced Trading Platforms: Traders can access markets through the Next Generation web platform, mobile trading apps, and support for MetaTrader 4 & 5 and TradingView.

  • Strong Regulatory Oversight: CMC Markets is highly regulated globally by several top-tier financial authorities like the Monetary Authority of Singapore (MAS) and UK’s FCA.

Cons

  • 24/5 Customer Support: CMC Markets offers 24/5 customer support instead of 24/7 support.

  • Leverage Restrictions in Some Regions: Due to regulations, allowed leverage is lower in certain jurisdictions such as the United Kingdom and Europe.

  • MetaTrader 5 is Not Available in All Regions: MetaTrader 5 is not available in all regions. The availability of the platform should be checked prior signing up.

Withdrawal fee $0Deposit fee $0
48DuraMarketsBonus250% deposit bonus250% Deposit BonusMin deposit $10Max leverage 1:500Regulated by MISAAdd to compare listRating 4.3 / 5Start trading
Pros, cons & fees
24/5 Customer SupportRead review
Pros

  • Low Barrier to Entry: Traders can start trading with a very low minimum deposit of $10, making the broker accessible to many new traders.

  • MetaTrader 4 & 5 Trading Platforms: DuraMarkets offers access to both MetaTrader 4 & 5 trading platforms.

  • Swap-Free Islamic Account Option: The company offers a dedicated swap-free trading account for traders who want to avoid overnight swap fees.

Cons

  •  

  • Lack of Tier 1 Regulators: DuraMarkets lacks the oversight of a Tier-1 regulator like ASIC, CySEC, NFA, or FCA.

  • Crypto-Only Payments: The broker exclusively accepts cryptocurrency for deposits and withdrawals, which may be inconvenient for traders who prefer traditional payment methods.

Withdrawal fee $0Deposit fee $0
49IQ BrokerUp To 1:3000 LeverageMin deposit $10Max leverage 1:3000Regulated by ASIC, CySECAdd to compare listRating 4.3 / 5Start trading
Pros, cons & fees
Tier-1 Regulations$10 Minimum Deposit1:3000 Leverage24/7 Customer SupportRead review
Pros

  • 500+ Tradable Assets: Access to more than 500 CFD instruments across forex, stocks, indices, commodities, cryptocurrencies, and ETFs.

  • Feature-Rich Proprietary Platform: Available on web, desktop, iOS, and Android, with 100+ technical indicators, customisable charts, and script-based strategies.

  • Flexible Margin Management: Traders can choose between Simple isolated margin and Advanced cross margin on the same account.

Cons

  • No Copy Trading: Traders cannot automatically copy or mirror the positions of other traders.

  • No Islamic (Swap-Free) Accounts: Swap-free account variants are not currently available.

  • Basic Educational Resources: The broker mainly offers short on-platform video tutorials rather than full courses, webinars, or extensive market research.

Withdrawal fee Free 1st Withdrawal and 2% on 2nd WithdrawalDeposit fee Free
50DarwinexBest ECN BrokerMin deposit 500Max leverage 1:300Regulated by FCA, CNMV, FSAAdd to compare listRating 4.3 / 5Start trading
Pros, cons & fees
Specialized trading accountsFree VPS hosting24/7 instant money withdrawalRead review
Pros

  • MetaTrader platforms and automated trading tools

  • Wide range of tradable instruments

  • Third-party deposit protection

Cons

  • High minimum deposit requirement

  • Limited educational resources

  • Customer service is unavailable 24/7 in every language

Withdrawal fee 0Deposit fee 0

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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.