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Best Non-MetaTrader Forex Brokers

Non-MetaTrader forex brokers are the brokers that do not offer MetaTrader 4 or MetaTrader 5 trading platforms. Instead, these brokers offer their own proprietary trading platforms, NinjaTrader, cTrader, TradingView, or similar trading platforms. We compared dozens of brokers in areas such as regulations, customer service, and overall experience to help you choose the best. The following are our top 10 non-MetaTrader forex brokers.

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Spova
Available in
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1
Spova
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  • 24/7 Customer Support
Pros
  • High Leverage Trading: Spova offers a high leverage of 1:400, much higher than what many brokers offer.

  • 24/7 Multilingual and Multichannel Support: Spova offers customer service via calls, live chat, and emails 24/7 in 10+ languages. 

  • Proprietary Trading Platform: The company offers its proprietary WebTrader platform that you can access straight from browser and stay on top of your trades from anywhere. 

Cons
  • Offshore Regulation: Spova has an offshore regulation, which means the company lacks advanced security features and strict oversight.

  • Limited Availability: Spova does not accept clients from the US, EU, GCC, and the UK. 

  • No MT4 or MT5 Trading Platform: The company lacks MT4 and MT5 platforms. 

  • Withdrawal fee3.5%
  • Deposit fee$0
  • Max Leverage1:400
Capitalcore
Available in
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  • Free VPS hosting
  • 24/7 Customer Service
  • Very High Leverage
Pros
  • Ultra-High Leverage: Capitalcore offers one of the highest leverage in the industry. Traders can get much bigger positions with 1:2000 leverage when trading with Classic accounts. 

  • Swap-Free Accounts & No Hidden Fees: The broker does not charge overnight swap interest or trading commissions on any instrument. The company also does not charge inactivity fees, withdrawal fees, and deposit fees unlike other brokers. 

  • Binary Options and CFD Trading Options: Trade 35+ forex pairs, major stock indices, metals, cryptos, and even binary options.

Cons
  • Offshore Regulation: Capitalcore is not regulated by a tier -1 regulator. The company operates under an offshore IFSA regulation in St. Vincent & the Grenadines.

  • No MT4/MT5 or cTrader Support: The broker only offers proprietary platforms, with no MetaTrader or other third-party platforms for those who prefer industry-standard software or automated EA trading.

  • Limited Number of Tradable Assets: Capitalcore lacks many tradable assets. For example, the broker does not offer ETFs and only has limited commodities like no agricultural products.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:2000
Libertex
trusted
Not available in
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  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • Proprietary platform
  • Mobile trading
Pros
  • Lack of Investor Protection Features: Libertex offers much higher leverage than most brokers. Retail traders can enjoy leverage up to 1:999 on CFD trades, enabling traders to control much bigger positions for their investments.

  • Extensive Range of Tradable Instruments and Stocks: Libertex provides access to 250+ CFDs across forex, commodities, indices, metals, energies, cryptocurrencies, ETFs, and bonds. Uniquely, the broker also allows investing in real stocks with over 300 stocks.

  • Major and Proprietary Trading Platforms: You can access popular trading platforms like MT4 and MT5. In addition, you can also trade with the company’s proprietary trading platform.

Cons
  • Offshore Regulatory Status: Libertex.org is not regulated by top-tier authorities like CySEC or FCA. Instead, it operates under offshore jurisdictions (St. Vincent & the Grenadines and Mauritius).

  • Lack of Investor Protection Features: Being offshore regulated, Libertex does not offer security features like investor protection schemes that brokers with a tier-1 regulation offer. 

  • No Islamic (Swap-Free) Accounts: The broker does not offer Islamic accounts for interest-free trading. All accounts incur overnight swap charges on CFD positions.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:600
SpreadEX
Not available in
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  • No minimum deposit
  • No inactivity fee
  • Financial Times Subscription
  • WebTrader Platform
  • Trading Education
Pros
  • No minimum deposit

  • No inactivity fees

  • 15000 tradable instruments

Cons
  • No MetaTrader Support

  • Limited availability

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:30
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62% of retail CFD accounts lose money with this broker.
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SAXO
Not available in
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5
SAXO
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  • Best for Advanced Trader
  • Proprietary trading platform
  • Multiple regulations
  • Wide range of trading Instruments
Pros
  • SAXO is regulated by various licensing bodies globally, with licenses in six tier-1 jurisdictions.

  • Access over 60,000 instruments, including crypto derivatives, micro-futures, and forex options.

  • SaxoTraderGo is equipped with all the necessary tools traders might need.

Cons
  • SAXO is regulated by various licensing bodies globally, with licenses in six tier-1 jurisdictions.

  • Access over 60,000 instruments, including crypto derivatives, micro-futures, and forex options.

  • SaxoTraderGo is equipped with all the necessary tools traders might need.

  • Withdrawal feeNo
  • Deposit feeNo
  • Max Leverage1:100
BXB Market
Not available in
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  • Multilingual Support
Pros
  • User Friendly Proprietary Platform: The broker offers an intuitive web-based trading platform and mobile app with TradingView integration. The mobile and web apps are easy to use and highly accessible. 

  • Extensive Variety of Tradable Assets: Access over 300 CFD instruments including forex pairs, global indices, commodities, stocks, metals, and cryptocurrencies from a single trading account.

  • Tiered Account Structure: Three clearly defined account levels (Silver, Gold, VIP) with progressive benefits including swap discounts up to 60% and tighter spreads for higher tiered accounts.

Cons
  • Offshore Regulation Only: MISA (Comoros) is an offshore regulator with limited oversight.

  • No MetaTrader Support: The broker does not offer MT4 or MT5 platforms which may disappoint traders who are more accustomed to these platforms. 

  • Higher Minimum Deposit: Minimum deposit of $250 USD is slightly higher than many brokers usually offer. However, there is an option of a demo account for a risk-free approach.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:200
FirstECN
Not available in
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  • Multilingual Support
Pros
  • Extensive Range of Tradable Assets: FirstECN offers 300+ CFD instruments across forex, stocks, indices, commodities (including precious metals), and cryptocurrencies. 
  • High Leverage & Spreads: The broker offers leverage of up to 1:200 for all account tiers.
  • Low Spreads: FirstECN generally offers low spreads starting from 1.2 pips to 1.9 pips depending on the trading account type. 
Cons
  • Offshore Regulation: The company is regulated by MISA, which is an offshore regulator. Thus, it lacks the strict oversight and regulatory framework of EU regulators.
  • No MetaTrader Platforms: The broker does not offer MetaTrader 4 or 5 unlike most  brokers.
  • No Swap-Free/Islamic Account: FirstECN offers swap discounts on different account tiers, but lacks a swap-free Islamic account.
  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:200
SuxxessFX
Not available in
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  • Multilingual Customer Support
  • Extensive Range of CFDs
Pros
  • Extensive Range of Tradable CFDs: SuxxessFX offers around double (320+ in total) the number of tradable assets you usually get from a broker. 

  • No Withdrawal, Deposit, and Inactivity Fees: The trading fees from SuxxessFX are very straightforward with no fees on withdrawals, deposits, and inactivity. 

  • Proprietary Mobile and Browser Trading Apps: Instead of third-party trading platforms, SuxxessFX offers proprietary WebTrader and mobile trading apps. 

Cons
  • No MetaTrader 4 or MetaTrader 5 Options: MetaTrader 4 and MetaTrader 5 are super popular trading platforms among traders. SuxxessFX does not offer these platforms. 

  • Lack of Educational Resources: Brokers usually have extensive material for traders on their websites. SuxxessFX has a brief FAQs section on their website instead.

  • Offshore Regulation: Even though the company is registered in Cyprus, the company operates under FSA Seychelles regulation. It could be a step to avoid strictness tier-1 regulatory bodies usually have.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:200
TradGrip
Not available in
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  • 24/5 Support
  • Proprietary Mobile App
Pros
  • A Wide Range of Tradable Assets: TradGrip offers around 250 tradable assets including forex, cryptocurrencies, stocks, commodities, indices, and ETFs.

  • Multiple Tiered Accounts for All Traders: You get the option to choose from 3 live trading accounts Silver, Gold, and Platinum and a demo account.

  • WebTrader and Proprietary Mobile App: Trade with the browser based WebTrader or trade from the company’s proprietary mobile trading app.

Cons
  • No Swap Free or Islamic Accounts: Swap-free or Islamic accounts are not available on TradGrip. All the accounts charge swap fees for overnight positions. However, swap discounts are available on Gold and Platinum accounts.

  • Offshore Regulation: TradGrip is regulated by MISA in the Union of Comoros. MISA is not a tier 1 regulator.

  • No MT4 or MT5 Options: TradGrip offers WebTrader and does not offer MetaTrader 4 and MetaTrader 5 trading platforms.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:200
CapPlace
Not available in
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  • Multilingual Support
Pros
  • Extensive Range of Tradable Assets: CapPlace offers around 300 tradable assets ranging from forex, cryptocurrencies, stocks, commodities, indices, and ETFs. 

  • Tiered Accounts for All Traders: You get the option to choose from 3 live trading accounts (Silver, Gold, and Platinum) and a demo account. 

  • Mobile App and WebTrader: Trade with the browser-based WebTrader or trade from the company’s app on Android and iOS devices. 

Cons
  • No Swap-Free or Islamic Accounts: Swap-free or Islamic Accounts are not available on CapPlace. All the accounts charge swap fees for overnight held positions. 

  • Offshore Regulation: CapPlace is regulated by MISA in the Union of Comoros. MISA is not a tier-1 regulator. 

  • No MT4 or MT5 Options: CapPlace does not offer MetaTrader4 and MetaTrader5 trading platforms.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:200

The Guide to Choosing a Non-MetaTrader Platform

Let’s take a short overview of the list of the leading non-MT4 platforms presented in the Forex trading market. The majority of non-MetaTrader Forex brokers offer their customers the ECN-trading-friendly platform Currenex, which allows operating swaps and spot Forex using Straight-Through Processing. It perfectly suits traders who operate large volumes because ECN is recognized as the most cost-effective trading.

The rest trading platforms on the list are developed by the best non-MetaTrader Forex broker means and meet each company’s special requirements. That’s why traders can experience certain confusion due to the lack of common features all other platforms have. So, you should lay particular emphasis on a non-MetaTrader Forex platform that you are going to use as a main tool in trading.

Trading Station II can offer its users a tremendous variety of orders types and working modes allowing placing orders in one click, double click, or in a special mode, called “click and confirm.” cTrader is another ECN-trading friendly platform that suggests a tool for conducting a market technical survey in pair with extended charting package. ActTrader Forex brokers allow users to fasten trading, e.g. opening new positions and managing current ones, via a one-click feature. Flexibility and the ability to detach windows serve as additional benefits of this platform. Mirror Trader is taken for a social Forex platform, which has an interesting ability to mirror other traders’ actions and skip off manual trading.