MetaTrader 4 remains one of the most widely used trading platforms, known for its simplicity, reliability, and automated trading support. But the MT4 experience can vary depending on the broker you use. To identify the best forex brokers with MetaTrader 4, we focused on brokers that not only support MT4 but also provide favorable trading conditions and competitive prices.
We confirmed that each broker in this list provides free, easy access to MT4 and favored those who extend MT4’s functionality with additional plugins and third-party tools like Trading Central, AutoChartist, and custom indicator packages, as well as support for Expert Advisors (EAs) for algorithmic trading.
We also reviewed each broker’s regulatory framework and client protection measures, evaluated their overall offering, recorded live spreads, measured execution speed, and assessed the range of trading assets available on MT4.
Our team of experts has identified each broker’s strengths and weaknesses using FXEmpire’s comprehensive methodology.
Now let’s dive into the selected brokers.
FP Markets was founded in 2005 in Australia and operates globally, holding licences from several regulators. It has grown into a major broker in the forex and CFD markets. It’s our best MT4 broker for international traders, offering raw pricing, fast MT4 execution from the Equinix NY4 server, zero trade restrictions, and access to its MT4 Traders Toolbox and Autochartist plugin.
Key MT4 Features
I discovered a strong selection of additional MT4 tools available through the broker’s MT4/MT5 Traders Toolbox. These include an alarm manager, a correlation trader, a market manager, and a stealth order indicator. I found the Correlation Trader particularly useful because it quickly identifies which markets are correlated, helping avoid overexposure.
FP Markets also integrates Autochartist within MT4. This third-party tool scans markets in real time and highlights potential trading opportunities across forex,
metals, indices, commodities, and cryptocurrencies. It can be useful for beginners to find trade ideas and for advanced traders to speed up research.
Our live testing revealed that FP Markets offers very competitive trading fees. We have tested the Standard account and found that its spreads are low or in line with the industry average across all assets we tested. The 0.8-pip DAX 40 spread and the $16 Bitcoin spread were especially tight.
Capital.com was founded in 2016 and is headquartered in Cyprus. The broker has become a strong choice for crypto-focused MT4 traders thanks to its extensive cryptocurrency offering and advanced trading tools.
Key MT4 Features
Capital.com’s selection of over 543 crypto assets is the largest I have ever seen from a regulated CFD broker. The broker also boasts a vast selection of 147 forex pairs, which is also one of the largest ranges in the industry.
Capital.com lets you trade crypto 24/7, providing pre-built category lists of the most traded, most volatile, top risers, and top fallers. This is a useful feature to quickly grasp what’s happening in the crypto market.
For fast timeframe crypto traders, MT4’s one-click trading and Depth of Market (DoM) functionality make it easier to react quickly to market volatility and execute trades instantly. MetaTrader 4 platform can also be enhanced through Capital.com’s FIX API integration, which provides access to raw spreads directly from an exchange’s order book, including BTC/USD and ETH/USD, and helps to achieve very fast execution speeds.
FxPro was established in 2006 and is headquartered in London. The broker has built a strong reputation for its exceptionally fast order execution. With an average execution speed of under 12 milliseconds and a high percentage of orders filled at the requested price or better, FxPro is a strong choice for traders who prioritise execution quality.
Key MT4 Features
Our research team found that around 84% of client orders are executed at the requested price or better, highlighting FxPro’s focus on efficient trade execution. As a no-dealing desk (NDD) broker, it provides true market execution with zero requotes. Alongside MT4’s features like one-click trading and customisable charts, it’s a great package for fast timeframes and automated trading.
For traders looking to maximise speed and stability, FxPro offers Virtual Private Server (VPS) hosting, which helps reduce latency and maintain a stable connection to trading servers. With an average execution speed of 12 milliseconds, FxPro is well-suited to fast-timeframe and algorithmic traders.
Swissquote is a Swiss banking group founded in 2000 and listed on the SIX Swiss Exchange. As a regulated bank, it stands out for its strong reputation for transparency and security. With global offices in major financial centres, Swissquote is particularly attractive for traders looking to build automated strategies in a well-regulated trading environment.
Key MT4 Features
Swissquote provides access to more than 400 tradable instruments, including spot forex, forex options, indices, stocks, commodities, and bonds, through MetaTrader 4, MetaTrader 5, TradingView, and its proprietary CFXD platform. MT4 and MT5 support automated trading through Expert Advisors (EAs), and the platforms include built-in editors and strategy-testing tools, enabling traders to design, develop, and optimise their own trading algorithms.
During my testing, I found the Swissquote MT4 platform also offers 2,000 free custom indicators and 700 paid ones. There are also ready-made Expert Advisors (free and paid) that traders can implement instantly. This will work well with the broker’s ultra-fast execution speed of 9 milliseconds. You can also access MT4 Signals, which automatically copies trades of other traders in your own account.
RoboForex was founded in 2009 and is headquartered in Belize. The broker stands out for offering some of the highest leverage in the industry – up to 1:2000. Traders can access around 110 CFDs via the MetaTrader 4 platform and boost their performance with free VPS hosting.
Key MT4 Features
The broker offers some of the highest leverage in the industry—up to 1:2000 on currency pairs and metals, 1:100 on energies and indices, and 1:20 on share CFDs. Traders should note, however, that this comes with a strict margin policy: both the margin call and stop-out are set at 100%.
In my live tests, RoboForex’s pricing came out mixed. Share CFDs were the most competitive with very low spreads, indices were low to average, currency pairs and gold were around the industry benchmark, while crude oil spreads were higher than average.
When it comes to platforms, RoboForex doesn’t disappoint. Its flagship R StocksTrader platform offers a smooth, intuitive trading experience with responsive charts and streamlined order execution. For those who prefer more traditional setups, the broker also supports MetaTrader 4 and MetaTrader 5.
Finally, traders looking for speed will appreciate that RoboForex provides free VPS hosting for low-latency trading, making it a strong option for algo traders and scalpers.
FXTM was founded in 2011 and stands out in the professional trader category thanks to its combination of advanced trading tools, multiple account types, and strong in-house research. It offers 1,460 CFDs and real stocks that can be traded on MT4, MT5, and FXTM’s own mobile app.
Key MT4 Features
I found that FXTM’s Pro Trader Tools plugin for MT4 is a great feature for professional traders. These tools expand the platform’s basic functionality, provide more control over trade execution and analysis, and support automated trading and Expert Advisors, allowing traders to run complex strategies efficiently.
FXTM also provides a range of advanced account types, including commission-based options with tight spreads, which are better suited to high-volume or professional traders. The broker’s strong research tools, including in-house market analysis, trading signals, and third-party insights from providers such as Acuity and Trading Central, are excellent resources for fundamental traders.
Errante was founded in 2019 and is headquartered in Seychelles. The broker stands out in this category thanks to its simple, efficient account-opening process, which is fully digital and designed to get traders up and running quickly. With multiple account options, a low minimum deposit, and private indemnity insurance, Errante is a convenient choice for both beginners and experienced traders seeking a smooth onboarding process and secure trading experience.
Key MT4 Features
After going through the steps to open a live account, our team found the process quick and hassle-free, with accounts typically ready for trading almost immediately after registration. The broker offers three commission-free account types called Standard, Premium and VIP, as well as a commission-based Tailor Made account. The Standard account has a low minimum deposit of $50 but has the highest spreads.
There are no additional MT4 plugins or add-ons beyond the basic platform features, but Errante provides access to other platforms like MetaTrader 5, cTrader, and TradingView. While the range of 160 tradable instruments is low and trading costs are mixed compared to competitors, the ease of registration, variety of payment options, and quick onboarding process make it a strong option for traders who value convenience when getting started.
ActivTrades is a well-established global broker headquartered in London. It stands out as a solid choice for traders seeking stock market exposure thanks to its extensive range of share CFDs and competitive pricing on equities.
Key MT4 Features
The broker provides access to over 900 global share CFDs covering the USA, UK, and Europe. These can be traded using fractional shares, meaning you can buy or sell in units less than one share, such as a third or a fourth of a share, which is a useful option for small accounts. Furthermore, any long share CFD positions will receive dividend payouts.
I also found the spreads for share CFDs very competitive, well below the industry average. In addition to zero-commission trading, ActivTrades offers an appealing solution for cost-conscious stock traders.
ActivTrades also offers the full suite of Trading Central tools free of charge. After opening a live account and depositing funds, you can download the Trading Central MT4 plugin. I found the Technical Views indicator particularly useful for share CFD trading, as it scans thousands of stocks for candlestick and chart patterns to trade on.
Tickmill was founded in 2014 and is headquartered in Cyprus. By offering a comprehensive suite of trading tools, third-party integrations, in-house analytics, and multiple platforms, the broker offers a well-rounded environment for traders looking to improve analysis and execution.
Key MT4 Features
I was impressed with Tickmill’s Advanced Trading Tool Kit for MT4. It includes tools such as a trade terminal, a mini terminal, a correlation matrix, and a sentiment trader, all designed to enhance MT4’s core functionality. These tools allow for better trade execution, deeper market analysis, and improved risk management, making them particularly useful for more experienced traders.
My favorite tool is the sentiment trader, as it allows you to quickly see how other traders are positioned in the market, helping to identify overbought and oversold market conditions. Tickmill also integrates Acuity-powered trading signals and provides access to VPS hosting for low-latency execution, along with copy trading and extensive research content.
IronFX was founded in 2010 and is headquartered in Cyprus. The broker stands out as a strong option for beginners thanks to its low minimum deposit, commission-free trading, copy trading service, and outstanding market research and educational resources.
Key MT4 Features
I was impressed by the diversity and depth of the IronFX Academy, which offers a wide variety of informative educational resources in both written and video formats. There are numerous eBooks, hundreds of webinars, and a regularly updated podcast. The content is carefully crafted to support traders at every level of experience, particularly beginners.
While the MT4 desktop platform is not designed for beginners, the web version and mobile app are easy to use and navigate. However, the MT4 Advanced Trader tools are only available on the desktop platform, so it is worthwhile reviewing the broker’s platform tutorials.
IronFX’s TradeCopier service runs through MT4 accounts, linking signal providers with followers, and is available directly through the client portal. The leaderboard is clear, informative, and easy to navigate, allowing users to evaluate different trading strategies at a glance. Following the trades of other successful traders can be a useful educational tool for beginners.
tastfxy (formerly IG US) is part of the IG Group, a financial services company founded in 1974. It stands out as a top overall broker for U.S. traders, offering access to leveraged forex trading, multiple account types, and a wide range of MT4 add-ons and plugins. The broker also boasts a strong selection of trading software, including the proprietary tastyfx Web Platform, MT5, TradingView, and ProRealTime.
Key MT4 Features
These include a Renko indicator, a pivot point indicator, stealth orders, a correlation matrix, a sentiment trader, and many more. I was mostly impressed with the mini terminal add-on. This offers an adapted MT4 deal ticket with a wide range of configurations. It allows you to create entries, stops, and limits directly on the chart using smart lines. The ticket also has a built-in profit and loss calculator that can switch between pips and cash.
tastyfx also offers two excellent MT4 plugins. The Signal Centre plugin is an Expert Advisor that provides trade ideas based on research from human analysts and AI. The Autochartist plugin is a real-time pattern-recognition tool that monitors markets for you. While installing these plugins requires a few technical steps, the extra MT4 tools tastyfx provides are great for beginner and advanced traders.
In fact, tastyfx provides something for everyone. New Zero+ accounts offer raw spreads starting at 0.0 pips and low commissions. The Prime account offers interest on idle cash. News is provided by Thomson Reuters, and you can trade from MT5, TradingView, ProRealTime, and tastyfx’s proprietary web platform.
OANDA was founded in 1996 and has built a strong reputation among institutional, corporate, and retail traders. It’s our top MT4 provider in the US, due to its API access, fast order execution, and 28 new indicators and apps in its premium upgrade package.
Key MT4 Features
I found the MT4 Premium upgrade particularly useful for live trading. The additional indicators and advanced order types expand the standard MT4 functionality, while the alert manager helps traders track important price levels and market events. These tools can automate parts of the trading process and provide more flexibility when managing positions.
The standout feature is the ability to place OCO (one-cancels-the-other) orders via MT4, which many platforms don’t offer. This enables you to place two trades on the same market, one long and one short. When one trade triggers, the other automatically cancels. This is a great feature for breakout traders.
As an active trader myself, I found the Elite Trader Program interesting. This can reduce trading costs by 34% by providing cash rebates of up to $5 to $17 per million traded. You can also be invited to VIP events, such as special sporting events and dinners across the US, to get a more social experience.
Even though the basic functionality of MetaTrader 4 is the same across all brokers, the overall experience can still vary greatly. Since MT4 is an older platform, the quality of your trading experience depends heavily on how the broker delivers and enhances it. Here are some of the key MT4 factors to consider when choosing a broker:
The way your trades are executed from the MT4 platform is not equal across brokers. The difference between native and bridged MetaTrader 4 lies in how trades are executed.
Native MT4 processes orders entirely within the broker’s own system, typically used by market makers, offering fast execution but less transparency since prices are set internally.
Check our list of Best brokers with fast execution.
A bridged MT4 connects the platform to external liquidity providers, allowing trades to be routed to the wider market with potentially better pricing and greater transparency. This is often used by ECN/STP brokers and is generally more ideal for forex trading.
What to look for:
Brokers offering No Dealing Desk (NDD), STP, or ECN execution.
Explore our guides of Best ECN forex brokers and Best STP forex brokers.
Why it matters:
MT4 was originally designed for market makers. A poorly configured bridge can lead to more requotes and higher slippage, especially during volatile market conditions.
Execution speed is a crucial factor when trading on MetaTrader 4, particularly for scalpers, day traders, and algorithmic strategies that rely on precise entry and exit points. Even small delays between placing an order and its execution can lead to price slippage, missed opportunities, and reduced profitability.
Learn more about Best forex brokers for scalping and Best forex broker for day trading.
What to look for:
Brokers hosting MT4 servers in major financial data centres like Equinix NY4 (New York) or LD4 (London).
Why it matters:
The closer you are to the broker’s server, the lower the latency and the faster the trade execution.
One reason MT4 is so popular is its support for automated trading via Expert Advisors (EAs). However, to run an Expert Advisor, the MT4 platform needs to run continuously without interruption. This makes VPS hosting an essential part of any MT4 setup.
What to look for:
Brokers offering free or discounted VPS hosting.
Why it matters:
Running MT4 on a personal computer can lead to internet interruptions or power issues. A VPS ensures stable, 24/7 operation with low latency.
Find more about Best forex brokers with VPS hosting.
The standard MT4 platform is relatively basic by today’s standards, so many brokers enhance it with additional tools. One of the major benefits of MT4 is that many developers can easily create enhancements that can be added to the platform as upgrades.
What to look for:
Additional MT4 plugins and add-ons from third-party providers like Trading Central, Autochartist, Figaro, Acuity, and others.
Why it matters:
These add-ons can significantly improve your trading research and execution.
Check out Best brokers with Trading Central and Best brokers with Autochartist.
Although MT4 was originally designed for forex trading, many brokers now extend its functionality by offering additional asset classes through the platform. However, the number and type of instruments available can vary significantly between brokers.
What to look for:
A wide range of instruments within the MT4 “Market Watch” tab covering forex, shares, indices, commodities and cryptocurrency CFDs.
Why it matters:
Having a broad range of asset classes to trade means you capitalize on the best opportunities developing in the market.
Discover our full list of Best CFD brokers.
While brokers mainly focus on advertising their spreads, execution quality is just as important when trading on MT4. Slippage, the difference between the requested and executed price, can significantly affect your profitability.
What to look for:
The ability to set “Maximum Deviation” (slippage tolerance) in MT4.
Why it matters:
Brokers that allow slippage control tend to offer more transparent execution. Receiving many requotes or rejected orders can indicate poor execution quality, even if advertised spreads are low.
MT4 has remained one of the most popular retail trading platforms in the world, largely because of its support for automation and customization. While MT4 supports automated and advanced trading, some of its tools may be disabled by the broker.
What to look for:
The ability to use Expert Advisors (EAs), access the MetaTrader Market and Signals.
Why it matters:
If you plan to automate your trading, ensure the broker fully supports MT4’s algorithmic features without restrictions. Similarly, if you plan to use its copy trading technology, ensure the broker grants access to MetaTrader Signals.
Discover our list of Best brokers for automated trading.
The forex and CFD analysts and editors at FXEmpire bring together seasoned trading professionals and experienced financial journalists. Many of our experts have been featured in leading publications such as Investopedia and Forbes, and all of them combine strong industry credentials with hands-on trading experience.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later, Dan gained insight into the forex industry during his time as a Series 3 licensed futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.