Best MT4 Forex Brokers In 2024

MetaTrader 4 (MT4) is a widely used and respected trading platform in the forex industry. Many forex brokers offer the MT4 platform to their clients, providing access to a range of charting and analysis tools, customizable indicators, and the ability to automate trading through the use of expert advisors (EAs).

With so many brokers offering the MT4 platform, it can be challenging to choose the right one for your trading needs. To help you make an informed decision, we have compiled a list of the best MT4 forex brokers. These brokers have been selected based on a range of factors, including reputation, regulation, trading conditions, and customer support. Whether you are a novice trader or an experienced professional, our list of the best MT4 forex brokers can help you find a broker that meets your trading needs and preferences.

10 Best MT4 Forex Brokers List

AssetsFX

Start Trading

Full Review

AssetsFX, a Forex broker established in 2013, provides online currency trading and CFD trading on metals, indices, and US and EU stocks. With over 180,000 traders worldwide, AssetsFX is known…

Founded :

2013

Headquarters :

Mauritius

Regulation :

FSC Mauritius registration number C207079 GBC and license number GB23201811.

Trading Desk :

ECN/STP

Min Deposit :

$1

Leverage :

1:500

Platforms :

MT4/MT5, Webtrader

RoboForex

Start Trading

Full Review

RoboForex Ltd, established in 2009, is a globally recognized financial brokerage company adhering to stringent regulatory standards under the Financial Services Commission of Belize. It offers diverse account types suited…

Founded :

2009

Headquarters :

Belize

Regulation :

FSC license No. 000138/333.

Trading Desk :

ECN

Min Deposit :

10

Leverage :

1:1000

Platforms :

MetaTrader 4, MetaTrader 5, cTrader, R WebTrader, R MobileTrader, R StocksTrader

Bold Prime

Bold Prime

Full Review

Bold Prime was founded by several teams of experts in multiple sectors of the financial services industry who came together in collaboration to create an amalgamation of all the features,…

Founded :

2020

Headquarters :

Saint Vincent and the Grenadines

Regulation :

SVG FSA, International Business Companies

Trading Desk :

ECN

Min Deposit :

$15

Leverage :

1:2000

Platforms :

MT5, MT4

Doo Prime

Doo Prime

Full Review

Doo Prime Review Doo Prime, an online Forex and CFD trading company headquartered in the Cayman Islands, is a part of the Doo Group company. The company offers clients access…

Founded :

2014

Headquarters :

Vanuatu

Regulation :

Regulated by the SEC and FINRA in the U.S., the FCA in the UK, the ASIC in Australia, the FSA in Seychelles, the FSC in Mauritius, and the FSC in Vanuatu.

Trading Desk :

ECN/STP

Min Deposit :

$0

Leverage :

1:1000

Platforms :

MT4, MT5, Doo Prime InTrad, TradingView

Trive Invest

Start Trading

Full Review

Trive Investment B.V. delivers investment services through its investment platform. It has wholly owned subsidiaries spanning the globe from the United States to Europe, Africa, the Middle East, Indonesia, Australia,…

Founded :

2023

Headquarters :

British Virgin Islands

Regulation :

BVI FSC Regulated

Trading Desk :

ECN

Min Deposit :

$0

Leverage :

1:2000

Platforms :

MT4, MT5

XTrend Speed

XTrend Speed

Full Review

Exploring XTrend Speed, a Multi-Asset Trading Provider. If you’re in the market for trading in forex, indices, commodities, stocks and cryptocurrencies, then XTrend Speed might be the right choice for…

Founded :

2016

Headquarters :

South Africa

Regulation :

XTrend Speed is regulated by FSCA. The FSP license number is 23497.

Trading Desk :

ECN

Min Deposit :

$5

Leverage :

1:300

Platforms :

MT5, Proprietary

FXGT.com

Start Trading

Full Review

FXGT is a new breed of Forex broker. FXGT is the upshot of the digital transformation of currency markets and the widespread adoption of cryptocurrencies. We offer traders the stability…

Founded :

2019

Headquarters :

Seychelles

Regulation :

Financial Sector Conduct Authority (South Africa), Financial Services Authority (Seychelles), License number SD019

Trading Desk :

ECN/STP, Market Maker

Min Deposit :

$5

Leverage :

1:1000

Platforms :

MT4, MT5, Web, Mobile

Tickmill

Tickmill

Full Review

Tickmill is a trading name of Tickmill Ltd, a member of Tickmill Group, which is regulated by the Seychelles Financial Services Authority (FSA). With a proven track record of strong…

Founded :

2014

Headquarters :

Seychelles

Regulation :

FSA, FSC, CySEC, Labuan FSA, FSCA, FCA, BaFin, CONSOB, ACPR & CNMV

Trading Desk :

DMA, ECN

Min Deposit :

100

Leverage :

1:500

Platforms :

MT4, MT5 & Web Trader

FBS Markets

FBS Markets

Full Review

FBS Markets is an authorized provider of online foreign exchange trading services. Being an ECN/STP broker, it provides its clients with a wide range of services and competitive trading environment….

Founded :

2009

Headquarters :

Belize

Regulation :

IFSC, license IFSC/000102/310

Trading Desk :

ECN

Min Deposit :

$5

Leverage :

1:3000

Platforms :

MT4, MT5

AvaTrade

AvaTrade

Full Review

AvaTrade has been an innovative pioneer in online trading since 2006. The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of…

Founded :

2006

Headquarters :

Ireland

Regulation :

Central Bank of Ireland, ASIC, FSA, FSCA

Trading Desk :

ECN

Min Deposit :

100

Leverage :

1:1000

Platforms :

AvaTradeGo, AvaOption, MT4, MT5

What is MetaTrader 4 (MT4)?

MetaTrader 4 (MT4) is a popular electronic trading platform widely used by online forex traders. It was developed by MetaQuotes Software and was released in 2005. Since then, it has become one of the most widely used trading platforms in the forex industry due to its user-friendly interface, comprehensive charting and analysis tools, and the ability to automate trading through the use of expert advisors (EAs).

MT4 provides traders with real-time access to the forex market and allows them to analyze and trade financial instruments, including forex, commodities, and CFDs. The platform offers a range of technical analysis tools, including charting and indicators, that enable traders to analyze price movements and identify potential trading opportunities. In addition, MT4 allows traders to customize their trading experience through the use of custom indicators and automated trading strategies.

Should You Use MT4?

Whether or not to use MetaTrader 4 (MT4) depends on your specific trading needs and preferences. However, there are several factors to consider that may make MT4 a suitable choice for many traders.

Firstly, MT4 is a widely used and respected trading platform in the forex industry. This means that there is a vast amount of resources, including tutorials, guides, and indicators, available to traders who use MT4. Additionally, MT4 is supported by many brokers, making it easy to find a broker that offers the platform.

Secondly, MT4 offers a range of charting and analysis tools that enable traders to analyze price movements and identify potential trading opportunities. These tools are customizable, so traders can tailor them to their individual trading strategies and preferences.

Thirdly, MT4 supports the use of expert advisors (EAs), which are automated trading strategies that can execute trades on behalf of the trader. This can be particularly useful for traders who prefer a more hands-off approach to trading.

Lastly, MT4 has a user-friendly interface that is easy to navigate, even for novice traders. The platform is also customizable, so traders can personalize their trading experience to suit their needs.

However, it is important to note that there are other trading platforms available that may better suit your specific trading needs and preferences. It is always a good idea to research and compare different trading platforms before deciding which one to use.