MetaTrader 4, commonly known as MT4, stands as the cornerstone of electronic trading in the realm of retail foreign exchange trading. Brokers who integrate this platform into their services are often referred to as MT4 brokers. In this article, we will discuss 10 best MT4 brokers, their features, and the top 10 brokers to consider in 2023. MetaTrader 4 offers a comprehensive suite of tools necessary for brokerage services, including trade servers, access points, manager terminals, various gateways, and data feeds. It efficiently handles crucial broker responsibilities such as account management, trade processing, and quote transmission.
The Top 10 best Mt4 Brokers in 2023
We have compiled a list of the best MT4 brokers based on expert evaluations and user feedback. These brokers stand out in terms of providing the complete range of MetaTrader 4 features, including trading bots, custom indicators, supported markets, copy trading, and other specialized tools.
1. RoboForex – Best Overall for MetaTrader
RoboForex leverages both MetaTrader 4 and MetaTrader 5, two of the most renowned trading platforms. MT4 offers three types of order execution, basic graphical analysis tools, and fifty technical indicators. Additionally, users can develop their artificial intelligence (AI) traders. For those seeking alternatives to MetaTrader, RoboForex’s cTrader platform caters to experienced traders, offering unique order types, 54 indicators, 14 timeframes, and Level II pricing.
RoboForex, founded in 2009, serves financial markets in 169 countries with over 3.5 million clients. It’s a leading software developer in the Forex industry and boasts numerous prestigious awards.
2. XM Group – Best MT4 Broker for Both Beginners and Experienced Traders
XM Group offers a wide range of financial instruments for trading on MT4 and MT5 platforms, including forex currency pairs and CFDs. They provide over 55 pairs for forex trading, with competitive spreads and account types to choose from.Article Sponsored Find something for everyone in our collection of colourful, bright and stylish socks. Buy individually or in bundles to add color to your sock drawer!
3. Admiral Markets – Best for MT4 advanced Features
Admiral Markets excels in offering a downloadable, software-based MT4 platform that allows traders to customize their trading experience with unique technical indicators.
4. Exness – Best MT4 Broker for Scalping and EA Trading
Established in 2008, Exness Group is regulated by authorities such as the British Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority (FSA) of the Seychelles. With various trading accounts, including Raw Spread, Pro, and Zero, Exness offers high leverage on MT4 and MT5.
5. Pepperstone – Best for Scalping and EA Trading MT4 Broker
Pepperstone is a top choice for scalping strategies, providing access to a vast network of liquidity providers, tight spreads, and lightning-fast order execution. Their MetaTrader 4 platform offers additional Smart Trader Tools, enhancing precision in strategy implementation.
6. IC Markets – Best for Fast MT4 Execution
IC Markets stands out as a low-spread forex broker, offering spreads as low as 0.0 pips on their ‘Raw’ account. With micro lot trading, over 60 currency pairs, and 24/5 trading hours, IC Markets is ideal for both new and experienced traders.
7. FxPro – Best for Micro Lot Trading on MT4
FxPro appeals to traders interested in robot copying on MT4, offering 70 FX pairs with micro lot trading support. The broker is known for its credibility and offers a range of account types, including MT4 and MT5 options.
8. FP Markets – Lowest Spread on MT4
FP Markets, founded in 2005, is regulated by the Australian Securities and Investments Commission (ASIC) and offers market analysis and education resources. Their integration with MT4 provides traders with advanced charting tools, technical indicators, and real-time price charts.
9. Swissquote – Best for Mobile Trading on MT4
Swissquote Bank Ltd. allows traders to access forex, CFDs, and derivatives online. With a multilingual website and MT4 support, Swissquote offers a variety of features to enhance the trading experience.
10. AvaTrade – Popular MT4 Forex Broker
AvaTrade, a well-known CFD broker, provides over 50 forex pairs for trading. Their platform offers a user-friendly interface and competitive spreads, making it suitable for both beginners and experienced traders.
MT4: A Platform for All Traders
MetaTrader 4 has remained a popular choice among traders since 2005. While MetaTrader 5 has its own strengths, MT4’s simplicity and user-friendliness continue to attract traders of all levels. It offers the essential tools for successful forex trading, including technical analysis, automated trading, and custom indicators.
Choosing the best Mt4 Brokers
Here are steps to help you choose the best Mt4 brokers for your needs: 10 best mt4 brokers
- Evaluate Conditions: Consider factors such as commissions, execution speed, signals, and trading bots. Make a list of brokers of interest and compare them based on various criteria.
- Practice with a Demo Account: Try trading on a demo account to test your strategies without risking real money.
- Open an Account: After narrowing down your options, choose a broker that aligns with your requirements and open a live account.
MetaTrader 4 remains a reliable choice for traders, and with the right broker, you can access its full potential for profitable trading.
summary 10 best mt4 brokers
MetaTrader 4 continues to be a trusted platform for forex trading. While MetaTrader 5 offers additional features, the simplicity and versatility of MT4 make it a preferred choice for many traders. By selecting a 10 best MT4 brokers, traders can access a wide range of tools and opportunities for successful trading.