Not all brokers have support for MT4, so if you are interested in taking advantage of this platform, here are a list of the best brokers that offer this platform choice.

Not all brokers have support for MT4, so if you are interested in taking advantage of this platform, here are a list of the best brokers that offer this platform choice.

Home/Best MT4 Forex BrokersBy Jeffrey CammackUpdated: June 24th, 2019Best MT4 Supporting BrokersFilter Results (15)Trading ExperienceI am a beginnerI have traded beforeI am a proTrading Conditions4 & Up3 & Up2 & Up1 & UpTrading PlatformsMetaTrader4WebTraderMetaTrader5cTraderMetaTrader Supreme EditionProprietaryRegulatorsSCB – BahamasFSC – MauritiusFMA – LiechtensteinMAS – SingaporeDFSA – DubaiFSA – JapanB.V.I FSC – British Virgin IslandsIFSC – BelizeFSCA – South AfricaASIC – AustraliaFCA – United KingdomCySEC – European UnionWe pride ourselves on giving good advice and we always put our readers first. When choosing partners, we do our research according to our review process which covers areas such as regulation, trading conditions, and the product offering.

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In order to pay the bills, and keep the lights on, we need a business model. That business model makes use of affiliate programs whereby we get commission from partners featured on our website.

Our business model never influences the our opinion of any partner, and partner selection and review process are seperated. The compensation we receieve from partners may affect how our lists are arranged, but the reviews are genuine and the data is accurate. Our opinon can not be bought, and we always put our readers and their financial livelyhoods first.

AvaTrade is pushing the boundaries in many different directions at the same time. While they continue to lead the market with Cryptocurrency trading, they maintain a firm and steadfast stance in the traditional broker space. Offering tight spreads, 1-on-1 training sessions for higher depositors, and regulation on every continent where a regulator is found, AvaTrade is one of my top favourite brokers.

XM Group lets traders deposit as little as $5 to open an account; awards leverage up to 500:1, and even offer a bonus for new accounts up to $5000. A fully regulated brokerage by ASIC, CySEC and the FCA, XM Group offers both demo and real accounts to suit most traders including those interested in tight spreads and automated trading. At XM client funds are the top priority.

XM Group partner with investment grade banks and use segregated accounts to ensure security, your account manager ensures your satisfaction, and customer service is standing ready 24/5, live chat, email and 30 languages.

IC Markets presents itself as the best and largest true ECN broker. It is ASIC regulated and offers the MetaTrader4, MetaTrader5 and cTrader platforms. IC Markets is highly recommended to both new and experienced traders looking for faster execution and tighter spreads.

Beginner traders will find the IC Markets account structure welcoming and simple to understand and it understands customer retention involves a combination of tighter spreads, cutting edge technology, fast trade execution and top quality customer service.

Pepperstone is an Australian forex broker, fully-regulated by ASIC and known for their fast ECN execution of trades, and traditional trading platforms. Award-winning 24-hour support anchors their customer support services, where a personalised service for individual customers is available through numerous channels.

Started in 2010, Pepperstone won the fastest growing company award (2014) in Australia, from BRW Magazine and in the same year, Pepperstone emerged as the 2014 Winner of the Governor of Victoria Export Awards cementing their reputation as a powerful newcomer on the scene with appreciated trading conditions.

FP Markets is a leading ASIC-regulated ECN broker, providing tight spreads on their ECN RAW account, coupled with the choice of MT4, MT5 and IRESS trading platforms. A standard commission-free account is available for entry-level traders looking for a lower minimum deposit.

Relative to other ECN brokers, FP Markets has made a serious investment in new traders with award-winning customer service and a lightweight education section, which includes daily email updates of the latest financial news impacting the currency markets.

With a $200 initial deposit and an ability to copy other successful traders, this broker is best for beginners or those who enjoy the social elements of this platform.  Fully regulated on both sides of the Atlantic, eToro is a member of the NFA and CySEC.  With an attractively simple account setup, eToro offers a single risk-free demo account for trying the social concept, and a standard live trading account so you can get going easily without complication.

A good choice in broker if you want to try a unique broker with a modern twist.

EasyMarkets offers three simple account types, a 50% deposit bonus for new accounts up to $2000, and all the trading platforms you will need to get started. EasyMarkets is fully regulated by CySEC and the Australian ASIC giving peace of mind to any trader that your broker is being kept in compliance. With a minimum deposit of $100, you can trade Forex, commodities, agriculture, metals and other stocks allowing a diversified portfolio of investments.

Customer accounts have a dedicated account manager, 24/5 customer support from their offices around the world, fast withdrawals and a stacked learning centre. EasyMarkets is one of our favourite online Forex brokers.

It seems that whenever FxPro is at an award show, you can count on them taking home a good portion of the hardware.  An internationally respected FCA and CySEC regulated broker, they claim over 870,000 clients from 173 countries.  FxPro has tight spreads starting with their standard account, support for MT4, MT5 and cTrader, and a wide range of currency pairs to trade.  For traders looking for a well-known name in trading, with the right conditions to make trading profitable, and award-winning support, FxPro is a name to consider.

GO Markets, the first MetaTrader Australian broker, has a reputation for being a technical innovator, yet preserves a traditional operation at their core. With variable, tight spreads, GO Markets impresses with transparency, integrity, technology, client approach, and ASIC regulation.

City Index is extremely well regulated, simple and traditional, and seems to understand the traders needs enough to balance them with good trading conditions and software choices.  For those looking for an ASIC regulated broker, and you have $200 to open the account, then City Index could be a good option for you.

Founded in 2001, Admiral Markets offers reliability, market leadership and simple modern trading. A global presence, a large Australian and international client base, flexible trading accounts, competitive trading conditions, and peerless educational material have attracted both beginner and experienced traders to the brand.

Compared to other brokers in their class, the trading conditions at FXTM are some of the best in the industry.  The client base relies on fast execution, tight spreads as low as 0 pips, and leverage as high as 1:1000.  Suitable for day traders, scalpers and position traders alike, FXTM is a broker you should choose should you value a good mix of profitable trading conditions, quality support, and regulation.

100% Market-executed trades on the MetaTrader platform, solid execution, advanced fundamental and technical analysis, tight spreads on the advanced accounts and only 50 USD to get going.  Amana Capital is one of the best-regulated brokers available to individual traders and has taken a modern approach to their software offering phasing out MT4 and pushing MT5 that is traditionally less popular with other brokers running MetaTrader.

For a minimum deposit of $250, try the new and innovativeCrowd Tradingplatform built by Trade 360.  At Trade360 this approach means that traders are empowered to recognise the market trends based on the actions of the trading crowd.  Regulated by CySEC in Europe, Trade360 offers traders a broad range of asset choices, not just Forex.

The user-friendly interface, the one-click trading, and advanced charting abilities all come together to provide a good trading experience, which means the MT4 platform gives you the ability to focus more on the market and less on the software.

Using the MT4 trading platform has many advantages.  It is best that look at the essential features that you as a trader will need during your trading activities. There are a variety of trading platforms available to choose between. However, MetaTrader4 remains one of the most widely used trading platforms among retail traders.

MetaTrader4 was built for the retail traders.  The most compelling fact about the platform is its simple design. The MT4 platform has been serving the needs of Forex traders all around the globe for 13 years no matter of their background and their level of experience.

You can also adjust the platform interface so everything fits according to your own needs so your trading experience can become better. You can download and install three versions of the MT4 software: desktop, mobile, and tablet from the supporting brokers.  If you wish to download the tool independent of a broker, you can do sofree of charge here.

Besides having a friendly user interface, the MT4 platform also offers advanced charting capabilities. The MT4 charting package enables you to do technical analysis and trade directly from your charts.  The advanced charting comes in handy when you need to make quick decisions or if you are managing multiple accounts simultaneously.

You can make your charts to reflect your priorities and only display the information you find useful for formulating a decision.

MT4 charts also have shortcomings. It doesnt allow traders to overlay data on charts, or do studies over studies which would be helpful in coming to more advanced conclusions.

In fast-moving markets, it is imperative to be able to get into the market quickly.  MT4 is built to accommodate that need. The user interface offers one-click trading which means you can be in and out of a trade very quickly.

By being able to buy and sellcurrency pairswith just one click, you can potentially save lots of money that you would otherwise have lost when the market is moving fast.

MetaTrader4 ensures fully stable operations when you trade. However, if you need fast connections to the server, you also need to invest in a good ISP so that you have an excellent connection to the Internet, so you dont get slippage.

Another feature of the MT4 platform is its social trading integration. Trading signals enable you to automatically copy the trades made by other people and mimic their performance. You can subscribe to a large variety of traders and only pick the ones that suit your style and risk parameters.

However, if you want to grow as a trader, you need to do your thinking and develop your trading ideas because copying other people is never a good idea since the majority of traders, in the end, lose money.

Another important feature that comes with MetaTrader4 is the Expert Advisors (EA) tool. An Expert Advisor will allow you to automate your trading process with a customised EA. The EAs are good because it enables you to do algorithmic trading and backtest your trading ideas so you can have empirical evidence that you have a trading edge in the market.

The MetaTrader4 platform remains one of the most reliable trading software and not just for novice traders, but professional traders as well.  So if youre starting your trading career, the MT4 platform should be your 1stchoice.

Due to its simple design, the MT4 platform is going to help you to be able to analyse the market more efficiently. One of the biggest challenges for traders is to be able to focus on the market and not on the software.  The MT4 platform has a user-friendly interface that assures no distractions and succeeds in giving traders a portal to the market that is advanced, stable and agile.

FX Australia, as part of our parent company Schlossbrink AB, is a full member of:

Global Legal Entity Identifier Foundation (GLEIF)

Membership : 254900LUG07G07A31U72 – as we have shared values of efficiency, transparency, and trust associated with legal entity identification (LEI) in the handling of investments. As Finance Professionals, the LEI is the highest standard

Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.

It is really important that you do not trade any money that you cant afford to lose because regardless of how much research you have done, or how confident you are in your trade, there will always be a time that you lose.


Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.