1
9.6Score
ℹ️
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Best MT4 Brokers
Independently reviewed and ranked by our editorial team.
Introduction
MetaTrader 4 remains a popular trading platform among forex and CFD traders. Its straightforward interface, extensive library of custom indicators and support for Expert Advisors continue to appeal to both manual and automated traders.
Although newer platforms offer additional features, MT4 remains widely supported by online brokers. However, the trading experience can differ considerably between providers. Spreads, commissions, execution quality, available instruments and account protections are determined by the broker rather than the platform.
This guide compares the best MT4 brokers for 2026 based on their overall Editorial Scores.
How We Ranked the Best MT4 Brokers
Only brokers identified in our database as offering MetaTrader 4 are eligible for this ranking. They are ordered from the highest Editorial Score to the lowest.
Each broker is assessed across five core areas:
- Safety and regulation
- Fees and overall trading costs
- Platform quality and trading experience
- Research and educational resources
- Customer support
We compare brokers regulated by authorities such as the FCA, ASIC and CySEC alongside practical factors that affect the trading experience, including execution quality, spreads, commissions, available account types and customer support.
We also consider how each broker delivers MT4. This includes access through desktop, web and mobile devices, support for Expert Advisors, available trading tools and any restrictions that may affect automated strategies.
The highest-ranked MT4 broker will not necessarily suit every trader. Before opening an account, confirm the legal entity serving your country, its regulatory status and the trading conditions attached to your chosen account.
1ATFX9.62
IC Markets9.53
Pepperstone9.44
IG9.25
Exness9.16
FP Markets9.07
CMC Markets9.08
XM8.99
AvaTrade8.810
Eightcap8.7
ATFX9.62IC Markets9.53Pepperstone9.44IG9.25Exness9.16FP Markets9.07CMC Markets9.08XM8.99AvaTrade8.810Eightcap8.71ATFX
Pros
- Scores high for safety, execution quality, and support.
- Regulated by the FCA (UK), ASIC (Australia), SFC (Hong Kong), CySEC (Cyprus), CMA (UAE), SFC (Colombia), FSCA (South Africa), SERC (Cambodia), FSC (Mauritius), FSA (Seychelles)
- In-depth educational content, with webinars and courses.
- Fast, reliable trade execution with minimal slippage reported in independent testing
- Quick trade execution, showing minimal slippage in tests.
- 24/5 customer service that's quick to respond, available in many languages
- Free market analysis and daily commentary from a professional in-house analyst research team.
Cons
- Charges an inactivity fee if you don't trade for three months
- Has fewer assets than larger competitors.
- Doesn't accept clients from the United States.
- Fixed-spread accounts have higher trading fees than raw accounts.
2IC Markets
2
9.5Score
Pros
- True ECN pricing from many liquidity providers
- Spreads can be as low as 0.0 pips on the Raw Spread account during peak hours
- Order execution is very fast, often under 40 milliseconds
- High maximum leverage is available for eligible accounts
- Deep liquidity helps with larger trades, limiting slippage
- You can choose from MT4, MT5, cTrader, and TradingView
Cons
- Requires a higher minimum deposit than some competing platforms.
- Raw accounts charge a commission fee in addition to market spreads
- Limited proprietary research or in-house market analysis tools
3Pepperstone
3
9.4Score
Pros
- Raw spreads start at 0.0 pips on the Razor account
- Four platforms: MT4, MT5, cTrader, and TradingView
- No minimum deposit requirement, lowering the barrier to entry
- Fast execution speed in independent tests
- Regulated in four jurisdictions
- Copy-trading and social-trading options available
Cons
- The Razor account charges commission per lot, in addition to raw spreads
- No proprietary desktop trading platform
- Its educational content is lighter than some competitors', particularly for beginners
- Standard account spreads are wider than those on the commission-based Razor tier
4IG
4
9.2Score
Pros
- Over 50 years of operating history
- Publicly listed on the London Stock Exchange (LSE: IGG), part of the FTSE 250
- Access to over 17,000 financial markets across asset classes
- Comprehensive educational resources via the IG Academy
- Its platform stays stable even during volatile market events
- Strong track record of regulatory compliance across multiple major jurisdictions
Cons
- Higher minimum deposit requirement than many competing brokers
- Maximum leverage is lower under European regulatory guidelines
- Wide asset selection can feel overwhelming for absolute beginners….
5Exness
5
9.1Score
Pros
- Withdrawals are processed instantly for most payment methods.
- A low minimum deposit, only $10
- Regulated in several jurisdictions, including the FCA and CySEC.
- Flexible account currencies and local funding methods are available.
- Transparent, publicly displayed real-time trading statistics on its website
- Wide range of account currencies and flexible funding options
Cons
- Very high maximum leverage poses extreme financial risk for beginners
- Account features vary by regional entity
- It lacks advanced in-house market analysis and research software.
6FP Markets
6
9.0Score
Pros
- Long operating history since 2005 under regulated entities
- Competitive raw spreads from 0.0 pips on the Raw account
- Wide range of CFDs including individual shares
- Strong regulatory footprint spanning ASIC, CySEC, and FSCA
- Consistent execution quality reported across independent broker reviews
Cons
- The website and trading platform interface feel less modern than some newer competitors.
- Customer support response times can vary by region and time zone.
- It relies on MT4 and MT5 instead of a proprietary next-generation platform.
- The website and trading platform interface feel less modern than some newer competitors.
7CMC Markets
7
9.0Score
Pros
- It's publicly traded on the London Stock Exchange (LSE: CMCX).
- The Next Generation platform comes packed with features, like advanced charting tools
- They cover a wide range of products, with over 12,000 tradable instruments
- There's no requirement for minimum deposit to open an account.
- You can add optional guaranteed stop-loss orders for better risk control.
Cons
- Spreads are wider than many competitor ECN specialists offer
- Beginners might find the platform's many features complex
- An inactivity fee applies if you don't trade for 12 months.
- Their crypto offerings are limited compared to specialist crypto brokers
8XM
8
8.9Score
Pros
- A low $5 minimum deposit makes trading accessible to many.
- They offer free daily webinars and educational materials in multiple languages.
- Market execution account tiers have a no-requotes policy.
- Standard negative balance protection keeps accounts from going below zero.
- It's been operating globally since 2009, giving it a long track record
Cons
- Spreads are wider than ECN competitors on the Standard account.
- Only MT4 and MT5 platforms are available. o cTrader or proprietary desktop platform — MT4/MT5 only
- Very high maximum leverage might encourage excess risk.
- Withdrawal processing can take longer than a day for some methods.
9AvaTrade
9
8.8Score
Pros
- Regulated across several international jurisdictions.
- Intuitive AvaTradeGO mobile app, good for newer users.
- Fixed-spread account options provide cost predictability during volatile news events
- Built-in risk management tools including AvaProtect, a downside-protection feature
- Supports social trading integrations, including AvaSocial and DupliTrade
- Offers fixed-spread accounts, making costs predictable during market news
Cons
- Trading spreads are wider than low-cost ECN alternatives.
- Inactivity fees apply if an account is idle for 90 days
- Fewer advanced tools aimed specifically at professional or institutional traders
- Features like AvaProtect come with separate utility costs
10Eightcap
10
8.7Score
Pros
- Full native integration with TradingView for charting and execution
- Competitive raw spreads starting from 1.0 pips.
- Expanding selection of crypto CFDs, alongside traditional assets
- Streamlined account opening and identity verification
- Regulated across ASIC, FCA, and CySEC for broad jurisdictional coverage
- Fast account opening process with a streamlined verification flow
Cons
- Shorter operating track record and brand recognition than some larger rivals
- Research and in-house analysis tools are still comparatively early in development
- Phone support availability is more limited outside core business hours
- Fewer account currency options than some multi-regional competitors
Frequently Asked Questions
Is MT4 still available in 2026?
Yes. MT4 remains available through many forex and CFD brokers in 2026. However, some brokers now focus more heavily on MT5 or proprietary trading platforms, so availability should be confirmed before opening an account.
What is the difference between MT4 and MT5?
MT5 is the newer platform with additional order types, more timeframes, and a built-in economic calendar, but MT4 retains the largest library of third-party indicators and expert advisors, which is why many brokers still offer it as a first-class option.
Is MetaTrader 4 good for beginners?
MT4 can be suitable for beginners because its layout is relatively straightforward and many brokers provide demo accounts. New users can practise placing orders, reading charts and managing positions before trading with real money.
Is MT4 better than MT5?
MT4 remains popular with forex traders and users of existing MQL4 indicators and Expert Advisors. MT5 offers more timeframes, additional order types and support for a wider range of markets. The better choice depends on your preferred instruments and trading tools.
Can I use automated trading on MT4?
Yes. MT4 supports automated trading through Expert Advisors written in MQL4. Traders should test automated strategies in a demo environment and confirm that their broker permits the strategy before using real funds.
Can I use an MT5 account on MT4?
No. MT4 and MT5 use different account and server systems. An MT5 trading account cannot normally be accessed through MT4, even when both platforms are offered by the same broker.
Can I use MT4 on my phone?
Yes. MT4 is available on mobile devices as well as desktop and web platforms. Available functions may vary between versions and brokers.