MT4
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Compare forex brokers offering MetaTrader 4 (MT4), the industry-standard trading platform.
Brokers supporting MT4
RoboForexRead review- Minimal spreads
- Fast withdrawals
Forex4youRead review- Withdrawal requests are typically processed within two hours
- Scalping is allowed
EXNESSRead review- Low spreads
- Very fast trade execution
- Read review
FXOpenRead review- No-deposit bonus up to $10 for new accounts
- Tight spreads and low commissions on ECN accounts
Grand CapitalRead review- Binary options trading available
- No-deposit bonus of up to $500 within 7 days, with profits withdrawable
IGRead review- One of the largest international forex brokers
ICM CapitalRead review- No advantages listed.
MultiBank GroupRead review- Regulated across multiple international jurisdictions
- Low forex and CFD fees
FXTMRead review- ECN accounts with tight spreads
- Broad range of forex pairs
FIBOGroupRead review- Cent accounts available
- Scalping permitted
Admiral MarketsRead review- Low spreads and reliable trading conditions
- Daily market analysis and quality forecasts
AmarketsRead review- Demo account lets you trade using virtual money
- Simple deposit and withdrawal process
- Read review
FinamRead review- User-friendly platform for trading stocks and futures
- Wide range of tradable instruments
FxProRead review- Withdrawals are processed quickly
- Deposits are insured
FBS IncRead review- Scalping-friendly trading conditions
- No re-quotes on order execution
BCSRead review- Very narrow spreads
- Wide choice of trading instruments, including stocks of Russian and foreign companies
AtioraRead review- No standout advantages identified in our review
FXGiantsRead review- $35 no-deposit bonus
- Demo contest with a $5,000 prize fund
LiteForexRead review- Regular trading contests with real cash prizes
- Low $1 minimum deposit
TickmillRead review- Regulated by the UK's FCA
- Fast withdrawal processing
WeltradeRead review- High-speed trade execution
- Welcome bonus of $50 with promo code BONUS50
Your triomarketsRead review- Wide range of tradable instruments
- Fully regulated, pure STP broker
InstaForexRead review- Large selection of trading instruments
- Bitcoin trading available
AlpariRead review- Cash-prize contests and promotions
- 17 years operating in the market
NTFXRead review- Regulated by CySEC.
- Standard, unremarkable trading terms.
XMRead review- No genuine advantages stand out — recent user reports flag XM as a scam operation.
What is MT4?
MetaTrader 4 (MT4) is a trading platform developed by MetaQuotes Software. It supports Forex and CFD trading, with tools for technical analysis, manual trading, and algorithmic trading through Expert Advisors (EAs).
Key features
- User-friendly interface: a layout accessible to traders at any experience level.
- Charting tools: a range of charts and technical indicators for market analysis.
- Automated trading: Expert Advisors (EAs) let traders run automated strategies.
- Customization: the interface and indicators can be adapted to individual trading styles.
- Communication tools: built-in messaging between broker and trader.
- Security: encryption protects trading operations.
Limitations to know
MT4's depth of features can overwhelm new traders, and the platform must be accessed through a broker — trading quality depends heavily on which broker you choose. MT4 is also limited to Forex and CFDs, unlike newer platforms that cover a wider range of instruments.
Who MT4 suits
MT4 suits Forex and CFD traders who want a familiar, customizable platform with strong support for automated trading via EAs. Traders needing other asset classes or newer platform technology may want to compare it against alternatives such as MT5 or cTrader.