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Home » Forex Brokers » by Trading Platform » Non Metatrader

Best Non-MetaTrader Forex Brokers

While MetaTrader 4 is the most in-demand platform for online Forex traders, there are plenty of other alternative options. Each non-MetaTrader platform has its cons and pros and knowing all of them is not the waters novice traders have always swam in. However, Forex market’s newcomers may stop scratching their heads being puzzled by the complexity of choice. Our experts know all the angles of different trading platforms and the brokers that operate them. They are glad to offer you a list of the best brokers that work on MetaTrader alternatives. Be sure to check it and use it to increase your profits from trading.

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OANDA
trusted
Available in
Country Flag
1
OANDA
13 customer reviews
Rating
4.5
/ 5
Expand
  • Exceptional Execution
  • US Clients
  • Scalping
Pros

  • OANDA is among the few international online forex brokers that accept U.S. clients.

  • The broker’s trading platforms are unique with features of various valuable tools and resources, including the famous Dow Jones Forex Select news and trading calculators.

  • OANDA does not require a fixed initial deposit on the standard account.

Cons

  • OANDA’s financial offerings have some irregularities that may only suit some traders

  • -Trading on OANDA may incur several fees, including a monthly inactivity fee

  • Withdrawal feeN/A
  • Deposit feeN/A
  • Max Leverage1:50
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Libertex
trusted
Not available in
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2
Libertex
0 customer reviews
Rating
4.7
/ 5
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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
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IC Markets
Not available in
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3
IC Markets
18 customer reviews
Rating
4.6
/ 5
Expand
  • Specialized trading accounts
  • Tight Spreads
  • Low commissions
Pros

  • Provides trading aids and resources such as risk depth, spread monitoring, and risk calculator.

  • Offers low average spreads and competitive pricing for all account types.

  • Provides plugins for third-party research and trading tools.

Cons

  • Limited product offerings.

  • No investor protection for traders outside the European Union.

  • No weekend trading, extra bonuses or promos.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:500
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Pepperstone
trusted
Not available in
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4
Pepperstone
7 customer reviews
Rating
4.4
/ 5
Expand
  • Free VPS hosting
  • 24/7 instant money withdrawal
  • Specialized trading accounts
Pros

  • Strong Regulatory Oversight

  • Fast Execution Speeds

  • Wide Range of Trading Instruments

Cons

  • Platform Complexity for Beginners

  • Limited Educational Resources for Advanced Traders

  • Limited Demo Account Access

  • Withdrawal feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
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AVATrade
Not available in
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5
AVATrade
7 customer reviews
Rating
4.3
/ 5
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  • Specialized trading accounts
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$0
  • Deposit fee$0
  • Max Leverage1:400
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SpreadEX
Not available in
Country Flag
6
SpreadEX
0 customer reviews
Rating
4.3
/ 5
Expand
  • 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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SAXO
Not available in
Country Flag
7
SAXO
15 customer reviews
Rating
4.3
/ 5
Expand
  • 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
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Our ranking methodology and selection process

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.