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.
Pros, cons & fees
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.
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.
Pros, cons & fees
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.
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.
Pros, cons & fees
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.
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.
SpovaBonusTrading Credit Bonus Scheme by Spova
Extensive Educational ResourcesMin deposit $250Max leverage 1:400Regulated by NoAdd to compare list4.1 / 5Start tradingPros, cons & fees
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.
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.
Pros, cons & fees
Multilingual Customer Support: Support is available in nine languages, including English, French, Spanish, Italian, German, Portuguese, Polish, Turkish, and Russian.
200+ Tradable Assets: FRTX offers access to more than 200 CFD instruments across forex, stocks, indices, commodities, and cryptocurrencies.
Proprietary Web Platform: The broker provides its own proprietary FRTX Web platform, which combines trading, account management, and market monitoring within the same environment.
No MetaTrader 4/5 Options Available: MetaTrader 4 and MetaTrader 5 are not available. Traders are limited to the broker's proprietary FRTX Web platform.
High Minimum Deposit: The platform's Basic account requires a hefty $500 minimum deposit, which is higher than most brokers require.
Limited Customer Options: Support is available only via form submission. No live chat or call support.
Pros, cons & fees
Round-the-clock Multilingual Support: Customer support is available 24/7 in more than 8 languages. This makes it easier for traders from different regions to get help when needed.
Extensive Range of Tradable Assets: Envessa Markets offers access to 160+ CFD instruments across forex, stocks, indices, commodities, metals, and cryptocurrencies.
High Leverage & Low Spreads: Forex traders can access leverage of up to 1:400 and spreads as low as 0.9 pips.
MetaTrader 4/5 Unavailable: MetaTrader 4 and MetaTrader 5 are not available. Traders are limited to the broker's WebTrader platform.
Offshore Regulated Broker: The broker is regulated by an offshore authority.
No Islamic Swap-Free Trading Account: The company does not offer a swap-free/Islamic trading account.
Pros, cons & fees
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.
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.
Pros, cons & fees
Access to Wide Range of Markets: HighMarkets provides access to forex, indices, commodities, stocks, and cryptocurrencies from one platform.
Bilingual 24/5 Support: Customer service is available via call, live chat and email in English and Arabic.
Multiple Account Types: Traders can choose between Silver, Gold, Platinum, and Islamic accounts depending on their requirements. A demo account option is also available.
Restricted Jurisdictions: HighMarkets does not accept residents of several jurisdictions, including the USA, Canada, the European Union, Iran, Iraq, Syria, North Korea, Sudan, Myanmar, and Russia.
No MetaTrader 4 or 5: The broker doesn’t support popular third-party platforms such as MetaTrader 4 or MetaTrader 5.
Offshore Regulation: HighMarkets has offshore regulation and lacks the security features of a tier-1 regulator.
Pros, cons & fees
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.
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.
Pros, cons & fees
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.
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.
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.