Best MetaTrader 4 Brokers 2025
Discover the best MetaTrader 4 brokers, tested for top performance on the world’s leading forex platform.
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1Established in 1999, FOREX.com is part of StoneX, a global financial services company that serves over a million customers. It's regulated in the US, UK, EU, Australia, and other countries. The broker offers a wide range of markets beyond forex and provides competitive pricing on advanced platforms.
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2OANDA is a well-known company that excels in quick trade executions, low deposit necessities, and impressive charting and trading platform functions. The highly-regarded brand has over 25 years of expertise and is overseen by reliable authorities like the NFA/CFTC. It provides 24/7 support for traders and offers flexible contract sizes with automated trade executions.
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3Founded in 2004, Dukascopy Bank SA is a Swiss online bank and brokerage offering trading on over 1,200 instruments, including binary options. It provides various accounts (JForex, MT4/5, Binary Options) and advanced platforms (JForex, MT4/MT5) with strong tools and market data for active traders.
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4Plexytrade, founded in 2024 and based in Saint Lucia, is an ECN/STP broker. It caters to active traders and offers four account choices. It also allows crypto transactions and a notably high leverage of up to 1:2000, due to its unregulated status.
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5InstaTrade, located in the British Virgin Islands, is an online broker that focuses on structured fixed income products and active trading via CFDs. Its no-spread accounts, outstanding research primarily from InstaTrade TV, and access to the well-known MT4 and InstaTrade Gear make it a good choice for traders of all levels.
Top MT4 Brokers Comparison
| Broker |  |
USD Account |
VPS Hosting |
AutoTrading |
|---|---|---|---|---|
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✓ | ✓ | Expert Advisors (EAs) on MetaTrader | |
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✓ | ✗ | Expert Advisors (EAs) on MetaTrader | |
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✓ | ✗ | Yes (EAs & FIX APIs) | |
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✓ | ✓ | Expert Advisors (EAs) on MetaTrader | |
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✓ | ✓ | Experts Advisors (EAs) on MetaTrader | |
| Broker | |
USD Account |
VPS Hosting |
AutoTrading |
Broker Details Comparison
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Assets |
Platforms |
|---|---|---|---|---|---|---|
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✓ | $100 | 0.01 Lots | 1:50 | Forex, Stocks, Futures, Futures OptionsForex, CFDs, Stocks, Indices, Commodities, Futures, Options, Crypto | MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral |
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✓ | $0 | 0.01 Lots | 1:50 | Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA) | OANDA Trade, MT4, TradingView, AutoChartist |
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✓ | $100 | 0.01 Lots | 1:200 | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, Binary Options | JForex, MT4, MT5 |
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✓ | $50 | 0.01 | 1:2000 | CFDs, Forex, Indices, Stocks, Commodities, Crypto | MT4, MT5 |
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✓ | $1 | 0.01 | 1:1000 | FISP, CFDs, Forex, Stocks, Indices, Commodities, Cryptos, Futures | InstaTrade Gear, MT4 |
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Assets |
Platforms |
Safety Comparison
Compare how safe the Best MetaTrader 4 Brokers 2025 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
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✗ | ✓ | ✗ | |
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✓ | ✗ | ✗ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best MetaTrader 4 Brokers 2025.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best MetaTrader 4 Brokers 2025 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $100 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $0 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $100 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $50 | 0.01 | ✗ | ✗ | ||
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✓ | $1 | 0.01 | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best MetaTrader 4 Brokers 2025 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Expert Advisors (EAs) on MetaTrader | ✓ | ✓ | ✓ | ✗ | 1:50 | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | ✗ | ✗ | 1:50 | ✓ | ✗ |
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Yes (EAs & FIX APIs) | ✗ | ✓ | ✗ | ✗ | 1:200 | ✗ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | ✗ | ✗ | 1:2000 | ✓ | ✗ |
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Experts Advisors (EAs) on MetaTrader | ✓ | ✗ | ✗ | ✗ | 1:1000 | ✗ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best MetaTrader 4 Brokers 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✓ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best MetaTrader 4 Brokers 2025 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best MetaTrader 4 Brokers 2025.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✗ | $15 | 0.14 | 1.2 | BTC 1.4%, ETH 2% | |
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✗ | $0 | ✗ | 1.6 | $100 | |
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✗ | CHF 100 | 0.1 | 0.1 | 0.1 | |
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✗ | ✗ | 5 | 0.7 | 1.1 | |
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✗ | ✗ | 8 (Apple Inc) | 0.0 | 0 | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best MetaTrader 4 Brokers 2025 are in terms of number of clients.
| Broker | Popularity |
|---|---|
| InstaTrade |
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| FOREX.com |
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| Dukascopy |
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Why Trade With FOREX.com?
FOREX.com is a top-tier brokerage suitable for forex traders of all skill levels. It offers more than 80 currency pairs, has small spreads starting from 0.0 pips, and features low fees. The platform provides powerful charting tools that include over 100 technical indicators and multiple research aids.
Pros
- FOREX.com provides a selection of top trading platforms and additional features. These include Trading Central research, a SMART Signals pattern scanner, trading signals, and strategy builders.
- The Web Trader remains one of the top platforms for budding traders, boasting a sleek design and more than 80 technical indicators for market analysis.
- FOREX.com provides top-tier forex pricing beginning at 0.0 pips. They also offer competitive cashback rebates up to 15% for dedicated traders.
Cons
- The funding options are not as extensive as those of top competitors such as IC Markets and lack several widely-used e-wallets, particularly UnionPay and POLi.
- US clients do not have negative balance protection, so you can potentially owe more than your original account deposit.
- Demo accounts have a limited time duration of 90 days, which may not be sufficient for thoroughly testing trading strategies.
Why Trade With OANDA US?
OANDA is a reputable broker for US traders. It offers user-friendly tools for analysis and a simple sign-up process. It is very trustworthy due to heavy regulation.
Pros
- Traders can experience quick and dependable order execution.
- The broker's API provides access to extensive historical data from the past 25 years and rates from over 200 currencies for traders.
- You can start trading as a beginner with no minimum initial deposit required.
Cons
- The trading markets are limited to only forex and cryptocurrencies.
- Few payment options are available and e-wallets are not supported.
- Customer support is not accessible during weekends.
Why Trade With Dukascopy?
If you're an experienced trader, Dukascopy offers the tools you need: JForex for algorithmic strategies, competitive spreads from 0.1 pips, leverage up to 1:200, and the assurance of a Swiss-regulated bank and broker.
Pros
- The proprietary JForex platform is advanced, offering tools for algorithmic trading, detailed charting, and access to deep liquidity for traders.
- Dukascopy is regulated by the Swiss Financial Market Supervisory Authority (FINMA) as a broker and a bank, providing high-level financial security and compliance with strict standards.
- Dukascopy provides tight spreads starting at 0.1 pips, leverage up to 1:200 (based on jurisdiction), and volume-based commissions that benefit high-frequency traders.
Cons
- JForex offers many features, but its complexity makes it less ideal for beginner traders who might prefer simpler platforms.
- Dukascopy's withdrawal fees are higher than most competitors we've tested, especially for bank wire transfers, which may discourage traders who need frequent fund access.
- Dukascopy offers educational resources and 24/7 support, but its complex platforms and tools require extensive testing and can overwhelm new traders.
Why Trade With Plexytrade?
Plexytrade is a new trading platform offering attractive features such as a 1:2000 leverage, zero spreads on certain instruments, and quick execution speeds of less than 46 milliseconds. However, the company is not regulated which is a substantial issue, and the lack of research and educational tools puts it behind other leading platforms.
Pros
- Plexytrade provides up to 1:2000 leverage, one of the highest rates available. It's designed for experienced traders who opt to bypass regulatory safeguards.
- Plexytrade supports various trading tactics such as quick buying and selling, risk management, and computer-based trading.
- Plexytrade is a unique offshore broker that accepts US residents as clients. This makes it one of the few offshore brokers that serve US-based traders.
Cons
- The platform doesn't offer social or copy trading options. This means that novice traders cannot mirror the actions of more accomplished traders, unlike on platforms such as eToro.
- Plexytrade isn't regulated in key regions, which raises the risk for traders who open an account or deposit money.
- Plexytrade, offering about 100 instruments, limits the options for traders interested in a variety of assets. This is particularly noticeable when compared to Blackbull, which has 26,000 securities.
Why Trade With InstaTrade?
InstaTrade provides active trading on an extensive platform. It has a unique offering known as Fixed Income Structured Product (FISP), which allows for passive investment. Investors can potentially earn up to a 50% return within 6 months, provided certain conditions are fulfilled.
Pros
- InstaTrade provides approximately 300 assets for investment. It particularly shines in the area of currency pairs, making it an excellent platform for experienced traders interested in volatile exotics.
- InstaTrade TV provides video interviews and insightful market information about stocks, cryptocurrencies, and more. It assists in identifying opportunities for quick trading.
- InstaTrade provides a high-quality range of charting tools for traders. Its web trader includes over 250 indicators, 11 types of charts and a design that's easy to use.
Cons
- The advertising of FISP, specifically about its "profit guarantee" and "risk-free trading," creates unease.
- InstaTrade's website and client interfaces are quite complex which can be confusing for new traders. On the other hand, XTB offers a more straightforward and user-friendly trading experience.
- InstaTrade is registered in the British Virgin Islands, providing minimal regulatory protections for retail traders.
Filters
Methodology
We analyzed a comprehensive database of online brokers to identify those offering the MetaTrader 4 (MT4) platform across desktop, web, and mobile.
After conducting hands-on tests and evaluating hundreds of data points, we ranked these brokers based on their overall performance, assigning ratings to reflect the best user experience, features, and functionality.
The MT4 brokers listed here are sorted by the highest overall ratings from our in-depth analysis.
What To Look For in an MT4 Broker
MT4 Packages
Some brokers, like Admirals, enhance the MetaTrader 4 (MT4) experience by offering proprietary add-ons and plugins that expand the platform’s functionality, providing traders with tools that go beyond the standard MT4 features.
For instance, Admirals’ MetaTrader Supreme Edition transforms the standard MT4 experience into a professional-grade trading toolkit with powerful add-ons that enhance functionality, efficiency, and analysis.
Here are my five favorite features that set it apart:
- Global Opinion Widgets: Gain real-time sentiment insights and enhance decision-making with live trading widgets.
- Mini Terminal: Streamline trade management with preset stop-loss/take-profit levels, margin calculators, and smart order templates like OCO.
- Trade Terminal: A comprehensive dashboard for multi-currency trade management, advanced order handling, and account monitoring.
- Tick Chart Trader: Track real-time price movements, access various chart styles, and execute trades directly from tick charts.
- Indicator Package: Advanced tools like pivot points, Renko charts, and freehand drawing provide deeper market insights.
User-Friendly Interface
I like MT4 for its intuitive and user-friendly interface, albeit slightly dated, and brokers should make it accessible for both beginners and experienced traders.
The platform’s straightforward layout allows traders to navigate quickly, place orders, and analyze market data without a steep learning curve.
Advanced Charting Tools
MT4 provides a comprehensive suite of charting tools and technical indicators, enabling traders to conduct in-depth market analysis.
The platform supports multiple timeframes and chart types, offering a detailed view of market trends and patterns.
Automated Trading with Expert Advisors (EAs)
One of MT4’s standout features is its support for automated trading through EAs. Traders can create, test, and deploy EAs to execute trades automatically based on pre-defined criteria, helping eliminate emotional decision-making.
When I use Expert Advisors (EAs) for automated trading, I ensure the broker fully supports this functionality on MT4.
So my advice is to check for any restrictions on EAs or if the broker, like FXCC and Interactive Brokers, offers additional services such as VPS (Virtual Private Server) hosting for better performance.
Customizable Indicators and Scripts
MT4 allows users to create and implement custom indicators and scripts using the MQL4 programming language. This flexibility enables traders to develop personalized tools and strategies tailored to their trading style.
I’ve discovered that some brokers, like OANDA and IC Markets, offer additional features to enhance your trading experience.
These may include access to advanced research tools, educational resources, market analysis, and integrated copy trading services. These extras can provide valuable insights and support, especially for traders looking to improve their skills and strategies.
Secure and Reliable Platform
Security is paramount in trading, and MT4 ensures a safe trading environment with encrypted data transmission.
The platform is also known for its stability and reliability, even during high market volatility. Make sure your broker is licenced by the authority where you trade, such as the FCA in the UK and ASIC in Australia.
In my experience, the stability and reliability of the trading platform are vital for uninterrupted trading.
A broker that provides a stable MT4 platform makes sure you execute trades smoothly without experiencing downtime or glitches that could affect your trading performance.
Broad Range of Asset Classes
Brokers offering MT4 typically provide access to a wide range of asset classes, including forex, precious metals, and cryptocurrencies.
This variety allows traders to diversify their portfolios and explore different markets within a single platform.
But if you’re set on trading a specific instrument, such as the USD/JPY, make sure it’s provided before opening an account.
Wide Broker Support
MT4 is supported by a large number of brokers worldwide, giving traders a broad choice of service providers.
This widespread adoption means traders can easily find a broker that fits their specific needs, whether it’s low spreads, high leverage, or excellent customer service.
Mobile and Web Trading
MT4 offers mobile and web-based versions, ensuring that traders can access their accounts and trade on the go.
Ensure your broker provides an MT4 app and web version, too.
The mobile app is available for both iOS and Android devices, while the web version runs smoothly on most browsers without needing downloads.
Community and Support
With its vast user base, MT4 boasts a large community of traders who share strategies, tips, and custom tools.
This support network, combined with extensive online resources and tutorials, helps traders maximize the platform’s potential.
Check out what support your broker offers to new users of MT4.
It’s worth choosing a broker that has created a specific support service for MT4 users. I’ve noticed that IG and others like IC Markets and Pepperstone provide this, too. If you’re new to MT4, this is an essential factor.
Trading Costs
Trading costs can significantly affect your overall profitability. It’s essential to look beyond the spreads and consider additional fees such as commissions, withdrawal charges, and inactivity fees.
Opting for an MT4 broker with low trading costs can help maximize your returns, especially if you are a high-frequency trader.
Execution Speed
This is a critical factor, particularly for traders who use strategies like scalping or trading during high-volatility periods.
An MT4 broker with fast execution speeds can help reduce slippage, ensuring that your trades are executed at the intended price.
Account Types and Leverage
Different traders have different needs, and the availability of various account types can cater to these preferences.
Whether you are a beginner or an experienced trader, choosing a broker with account types that align with your trading style is essential.
Additionally, the leverage offered by the broker should be suitable for your risk appetite and trading strategy.
FAQ
Is MetaTrader 4 a Broker?
No, MetaTrader 4 is a trading platform provided by brokers.
An MT4 broker provides access to the MetaTrader 4 (MT4) platform, which is widely used for trading forex, CFDs, and other instruments.
The broker integrates MT4 with its infrastructure, allowing traders to analyze markets, execute trades, and access live market data.
Offerings vary by broker, including execution models (STP, ECN, or market-making) and trading costs like spreads and commissions.
Why Trade on MT4?
- User-Friendly Interface: MT4’s intuitive design makes it accessible to beginners and experienced traders.
- Advanced Charting Tools: The platform provides comprehensive charting capabilities with numerous indicators.
- Automated Trading: Through Expert Advisors (EAs), traders can automate their trading strategies.
- Wide Accessibility: MT4 is available on various devices, including desktop, mobile, and web.
Is MetaTrader 4 Free at Online Brokers?
Normally, however trading incurs usual fees like spreads and commissions.