10 Best MetaTrader 4 (MT4) Brokers in Comparison (List)

MetaTrader 4 (MT4) brokers are trading service providers that offer traders access to the MT4 platform, one of the most popular and widely used trading platforms for Forex traders. Renowned for their intuitive user interface, MT4 brokers support automated trading, configurable charting tools, and fast trade execution.

Although MT4 brokers offer many benefits, finding the best one for traders can still be difficult. So, to help you make the right decision, we’ve provided our top 10 MT4 brokers and what to look out for before selecting them. 

List of The Best 10 MetaTrader 4 (MT4) Brokers in 2025: 

Top List And Detailed Reviews About The 10 Best MT4 Brokers:

1. Black Bull Markets – Our Top Choice

BlackBull Markets is our standout choice at WR Trading if you’re searching for a broker that offers MetaTrader 4 (MT4) with excellent trading conditions. One of the significant perks we love is that it lets you access MT4 with no minimum deposit, making it accessible for all traders. 

With BlackBull Markets, you can trade MT4 across various devices, including desktop, web, multiterminal, and mobile apps. The platform also comes with technical analysis tools, real-time fundamental data feeds, and seamless integration with Expert Advisors (EAS) for automated trading.

Apart from the MT4 availability on BlackBull, the broker offers up to three account types, four other trading platforms and numerous payment methods.

Key Facts About the MT4 Broker Black Bull Markets:

Feature	Information
MT4 Compatibility	Yes
Account Types	ECN standard account, ECN prime account, and ECN institutional account
Tradable Instruments	Forex, shares, commodities. futures, indices, Metals, Equity Indices
Trading Platforms	TradingView. MT4, MT5, cTrader, BlackBull CopyTrader
Regulation	FSA
Minimum Deposit	$0 (Standard), $2,000 (Prime), $20,000 (Institutional)
Minimum Order	0.01 lot
Leverage	1:500
Spreads	From 0.8 pips (ECN Standard), 0.1 pips (ECN Prime), 0.0 pips (ECN Institutional)
Commissions	$0 (Standard), $4 (ECN Institutional), $6 (ECN Prime) per round lot
Accepted Currency	EUR, USD, JPY, GBP, CHF, CAD, AUD, NZD, HKD, XAU, BTC, ETH.
Transaction Options	VISA, Mastercard, Bank transfer, Airtm, Neteller, Skrill, AstroPay, China Union Pay, crypto, Beeteller, Boleto, Fasapay, FxPay, Help2Pay, Payment Asia, Poli, SEPA, Amex, Hexopay

2. Vantage Markets – An Excellent Pick 

Vantage Markets is among our top picks as one of the best brokers for MetaTrader 4 (MT4). It offers a comprehensive trading experience for both beginner and advanced traders. Whether you’re looking to trade CFDS or Forex, MT4 provides a robust system filled with customisable charts and market analysis tools, making it a top choice for traders globally.

One key reason Vantage Markets shines on our list is the seamless integration of MT4’s powerful features, including Expert Advisors (EAS) for automated trading. This allows you to automate your trades based on strategies tailored to your goals.

Key Facts About the MT4 Broker Vantage Markets:

Feature	Information
MT4 Compatibility	Yes
Account Types	Cent, Standard STP, Raw ECN, Pro ECN, Premium, Swap free
Tradable Instruments	$50 (Standard and RAW), $ 10,000 (Pro ECN)
Trading Platforms	MT4, MT5, TradingView, Vantage App, ProTrader
Regulation	ASIC, SIBL, VFSC, CIMA
Minimum Deposit	Cent, Standard STP, Raw ECN, Pro ECN, Premium, Swap-free
Minimum order	0.01 lot
Leverage	Up to 1:500 (varies by account type and instrument)
Spreads	Forex, Indices, Precious metals, Soft commodities, Energy, ETFS, Share CFDS, Bonds
Commissions	$3 (Raw), $0 (Standard), $1.50 (Pro ECN) per round lot
Accepted Currency	AUD, USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, JPY
Transaction Options	Bank wires, credit/debit cards, BPAY, Poli, Skrill, Neteller, Astropay, Fasapay, Domestic Fast Transfer, International EFT, China Union Pay, JCB, Broker-to-Broker Transfer, Pagsmile, Perfect Money, Thailand Instant Bank Transfer

3. RoboForex – A Great Choice

RoboForex is among our leading choices for trading on MetaTrader 4 (MT4) because it offers a platform rich in features for new and experienced traders. The platform also supports basic graphic analysis tools and allows you to create and implement trading robots using MQL4.

At WR Trading, we discovered that the MT4 user-friendly design includes one-click trading for quick market access and algorithmic trading for automated strategies.

Key Facts About the MT4 Broker RoboForex:

Feature	Information
MT4 Compatibility	Yes
Account Types	Prime, ECN, ProCent, Pro, R Stocks Trader
Tradable Instruments	Commodities, Metals, Indices, ETFs, Stocks, Futures, Energies, Currencies
Trading Platforms	MT4, MT5, R Stocks Trader, R Mobile Trader, R WebTrader, MT 4 MultiTerminal
Regulation	FSC Belize
Minimum Deposit	$10 (Prime, ECN, Pro, ProCent), $100 (R StocksTrader)
Minimum order	0.01 lot
Leverage	1:300 (Prime), 1:500 (ECN and R StocksTrader), 1:2000 (ProCent and Pro)
Spreads	0.0 pips (Prime, ECN), 0.01 pips (R Stocks Trader), 1.3 pips (Pro, ProCent)
Commissions	$0 (Pro and ProCent)Available (Prime, ECN, and R StocksTrader)
Accepted Currency	USD, EUR, Gold
Transaction Options	Bank transfers, credit/debit cards, AstroPay, Skrill, Neteller, Perfect Money, STICPAY, QR and  Vouchers

4. Moneta Markets- A Leading Option

When you choose Moneta Markets for trading on MetaTrader 4 (MT4), you can access various markets with ECN spreads starting from 0.0 pips. You can easily trade over 1000 FX pairs, indices, commodities, share CFDS, and cryptocurrencies. This means you can explore major and minor markets at low costs, making it easy to find trading opportunities.

Key Facts About the MT4 Broker Moneta Markets:

Feature	Information
MT4 Compatibility	Yes
Account Types	Direct STP, Prime ECN, Ultra ECN Accounts
Tradable Instruments	Forex pairs, indices, commodities, Share CFDS, Shares, ETFS, Bonds, Metals, Energy, Crypto CFDS, and Index CFDS
Trading Platforms	MT4, MT5, ProTrader, CopyTrader App, App Trader, MetaTrader App, MT4 WebTrader
Regulation	SLIBC, FSCA
Minimum Deposit	$50 (Prime and Direct), $20,000 (Ultra)
Minimum order	0.01 lot
Leverage	1:1000
Spreads	From 0.0 pips (Prime ECN and Ultra ECN), 1.2 pips (Direct STP)
Commissions	$1(Ultra), $3(Prime
Accepted Currency	USD, GBP, EUR, SGD, JPY, NZD, CAD, BRL, AUD, HKD
Transaction Options	Wire transfers, Debit/credit cards, PayPal, STICPAY, Neteller, Skrill, JCB, FasaPay

5. FP Markets – An Option Worth Choosing

Our research shows that FP Markets offers advanced charting tools, technical indicators, and real-time price feeds to help traders analyse the markets effectively. This means you can make informed decisions and execute trades with greater precision.

FP Markets also provides fast execution speeds and deep liquidity through partnerships with top forex liquidity providers. Thanks to the tight spreads and transparent commissions FP Markets offers, you can leverage MT4’s expert advisors (EAS) to automate your trading strategies. 

Key Facts About the MT4 Broker FP Markets:

Feature	Information
MT4 Compatibility	Yes
Account Types	Standard account, Raw account
Tradable Instruments	ASIC, Cysec, FSCA, ESMA, FSA, FSC
Trading Platforms	MT4, MT5, cTrader, TradingView, WebTrader, FP Mobile App, IRESS
Regulation	ASIC, CySEC, FSCA, ESMA, FSA, FSC
Minimum Deposit	$100
Minimum order	0.01 lot
Leverage	1:500
Spreads	1.0 pips (Standard account), from 0.0 pips (Raw account)
Commissions	$0 (Standard Account), $3 per lot ( Raw Account)
Accepted Currency	AUD, CAD, CHF, EUR, GBP, HKD, JPY, INR, NZD, SGD, USD, PLN, BRL, NGN, ZAR, MXN
Transaction Options	Credit & Debit card, Neteller, Bank transfer, Skrill, Sticpay, ePay, Google Pay, Crypto, Apple Pay, Astro pay, Perfect Money, Online Banking, Bpay, Paypal

6. Pepperstone – Our Best Trader for a Dedicated ECN Account

If you’re looking for an MT4 broker with a dedicated ECN account, we believe Pepperstone is worth considering. Their ‘Razor’ account offers incredibly tight spreads, starting as low as 0.0 pips on EUR/USD. However, since there’s a commission on each trade, you might prefer the ‘Standard’ account, where all costs are built into the spread for a more straightforward experience.

Key Facts About the MT4 Broker Pepperstone:

Feature	Information
MT4 Compatibility	Yes
Account Types	Standard, Razor
Tradable Instruments	Forex, commodities, indices, currency indices, cryptocurrencies, shares
Trading Platforms	MT4, MT5, cTrader & TradingView, Pepperstone Trading Platform
Regulation	FCA, ASIC, DFSA, SCB,  CMA, CySEC, BaFin
Minimum Deposit	$0
Minimum order	0.01 lot
Leverage	1:400
Spreads	Raw spreads from 0.0 pips  (Razor), Variable Spreads (Standard)
Commissions	$3.5 per lot side (Razor account)
Accepted Currency	AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
Transaction Options	VISA. Mastercard, Bank transfer, PayPal, Neteller, Skrill, MPESA.

7. IC Trading – An Option to Consider

IC Trading stands out for its fast execution speeds and flexible trading conditions. You can trade with raw pricing that mirrors the best prices in the market, and you’ll benefit from tight spreads starting from 0.0 pips. 

Moreover, with IC Trading’s MetaTrader 4, you’ll enjoy quick order execution thanks to the server’s low latency, making it ideal for high-frequency trading. You also have various funding options and can trade with flexible lot sizes, starting from just one micro lot. 

Key Facts About the MT4 Broker IC Trading:

Feature	Information
MT4 Compatibility	Yes
Account Types	Raw, Standard, Islamic
Tradable Instruments	Forex CFD, Indices, Stocks, Commodities, Gold, Bonds, Crypto
Trading Platforms	MT4, MT5, CTrader,  WebTrader
Regulation	FSC
Minimum Deposit	$200
Minimum order	0.01 lot
Leverage	1:1000
Spreads	From 0.0 pips (Raw Account) and 0.8 pips (Standard Account)
Commissions	$3.5 (Raw MetaTrader), $3 (Raw cTrader), and $0 (Standard) per lot side
Accepted Currency	AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF
Transaction Options	Bank wires, credit/debit cards, PayPal, Neteller, and Broker to Broker.

8. XM – A Broker You Can Trust

We consider XM a well-regulated broker known for offering low trading fees and straightforward account types. It stands out among MT4 brokers due to its strong focus on education and customer service. 

With their helpful MT4 video tutorials, you’ll learn everything from setting up your trading account to understanding how pending orders work and even backtesting strategies with Expert Advisors.

Key Facts About the MT4 Broker XM:

Feature	Information
MT4 Compatibility	Yes
Account Types	Micro account, Standard account, Ultra-low  standard account, Shares account
Tradable Instruments	Forex, Cryptocurrencies, Commodities,  Stocks, Futures, Energies, Metals, Turbo Stocks, Thematic Indices
Trading Platforms	MT4, MT5, XM Web Trader, XM Mobile App
Regulation	0.1 lot (Ultra low standard account and Micro account), 0.01 lot (Standard account), one lot (Shares account)
Minimum Deposit	$5 (Micro, Standard, Ultra Low Standard), $10,000 (Shares Account)
Minimum order	0.1 lot (Ultra low standard account and Micro account), 0.01 lot (Standard account), 1 lot (Shares account)
Leverage	1:1000
Spreads	From 0.8 pips (ultra-low Standard), 1.6 pips (Micro, Standard)
Commissions	Zero commission ( Micro, Standard, Ultra low Standard), Available (Shares)
Accepted Currency	USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, SGD, ZAR
Transaction Options	Credit/Debit cards, Bank wire transfers, Skrill, Neteller, FasaPay, Perfect Money, UnionPay

9. FBS – A Smart Choice

FBS is our pick for a reliable global broker allowing Forexrade to trade multiple assets, including Forex, commodities, cryptocurrencies, metals, and equities on the MT4 platform. With five different MT4 account options, you can start with a small deposit. 

If you’re new to trading, FBS offers commission-free accounts with very low minimum deposits, making them a great choice if you want to start with less risk. We recommend this broker if you wish to have more precise control over your trades.

Key Facts About the MT4 Broker FBS:

Feature	Information
MT4 compatibility	Yes
Account Types	Cent Account, Standard Account
Tradable Instruments	Forex, Metals, Indices, Futures, Energies, Stocks, Crypto
Trading Platforms	MT4, MT5, FBS App
Regulation	Varies by account type, from 0% to commission-based
Minimum Deposit	$5, but this may vary for different payment systems
Minimum order	0.01 lot
Leverage	Up to 1:3000
Spreads	From 0.7 pips
Commissions	Varies by account type, From 0% to commission-based
Accepted Currency	USD, EUR, XAU, MXN, JPY, CHF, GBP, CAD, AUD, NZD, TRY, SGD, ZAR, SEK
Transaction Options	Over  200+ payment methods. Bank wire transfers, bank cards, e-payment methods, and exchangers

10. VT Markets – A Comprehensive Platform 

VT Markets has all the necessary tools and is user-friendly, making it great for beginners and experienced traders. Based on our experience, you can easily set up your VT Markets account, download MT4, and start with a demo account to get comfortable before moving on to real trades.

VT Markets offers MT4 for various devices. Whether you use a Windows PC, a Mac, or a mobile device like an iPhone or Android phone, MT4 will work for you. The platform helps you track market trends, execute trades, and stay updated on news from your device.

Key Facts About the MT4 Broker VT Markets:

Feature	Information
MT4 Compatibility	Yes
Account Types	Standard STP account, Raw ECN Account
Tradable Instruments	Forex, indices, energies, precious metals, ETFs, CFD shares, CFD bonds
Trading Platforms	MT4, MT5, WebTrader, TradingView, VT Markets App
Regulation	ASIC, FSCA, FSC Mauritius
Minimum Deposit	$100
Minimum order	0.01 lot
Leverage	1:500
Spreads	From 0.0 pips (Raw ECN) and 1.2 pips (Standard STP)
Commissions	$6 (RAW ECN), $0 (Standard STP) per round turn
Accepted Currency	USD, AUD, GBP, EUR, CAD, HKD
Transaction Options	Wire transfer, credit card/debit card, FasaPay, Skrill, Neteller, UnionPay transfer, Mobile pay, EU bank.

How To Connect Your Broker With The MT4:

To get started with trading on MetaTrader 4 (MT4), you’ll first need to connect your broker to the platform following these steps:

• Open an Account with your MT4 Broker
• Download MetaTrader 4
• Launch MT4
• Verify

Step 1: Open Your MT4 Forex Account With Your Broker

To start using MetaTrader 4, you first need a Forex account. Choose a reputable broker that’s regulated by a financial authority. Open your account with them and deposit the necessary funds.

Step 2: Download and Install MetaTrader 4

Visit your broker’s website and download MT4 from the list of available trading platforms. Be sure to select one that is compatible with your device.

Step 3: Launch MT4

Once the installation is complete, launch MT4. You wouldn’t need to register again since you created and installed it through your broker. However, you may need to provide the following details:

• Account number: Provided by the broker upon registration
• Password: Set during account creation
• Server: Choose the appropriate server in your broker’s login details (Demo or Live Server).
• Server address and name: Available in the Welcome email from the broker or account dashboard on the broker’s website.

Step 4: Verify Connection

Check the terminal window for your connection status to ensure you’re connected. Your account balance, currencies, and other relevant details should be displayed.

How To Trade With Your Broker On MetaTrader 4:

You can start trading once you’ve connected your broker with MetaTrader 4. With just a few steps, you can pick an asset, place your trades, and manage them all from one screen. Here’s a simple guide to help you trade confidently with your broker on MT4 so that you can make the most of your trading experience.

• Pick Asset
• New Order
• Stop Loss and Take Profit
• Monitoring
• Close Trade

Step 1: Pick Your Asset

After connecting with your broker, choose the asset you want to trade. Look at the “Market Watch” window on the left, where you’ll see a list of available assets like currencies, commodities, or stocks. Click on the asset you’re interested in to prepare for your trade.

Step 2: Open a New Order

Once you’ve picked your asset, it’s time to open a trade. Click on “New Order” at the top of the screen. A window will pop up where you choose your trade size (volume) and whether you want to buy or sell. If you expect the price to rise, click “Buy.” If you think it will fall, click “Sell.”

Step 3: Set Your Stop Loss and Take Profit

You can set a Stop Loss and take profit to manage risk for your trade. A Stop Loss profitably closes your trade if the price drops too much, limiting your loss. A Take Profit closes your trade when the price reaches a certain point, locking in your profit without constantly monitoring the market.

Step 4: Monitor Your Trade

After placing your trade, it will appear in the “Terminal” window at the bottom of the screen. You can check its progress and see whether you profit or lose. You can benefit from your StopProfit or Take profit, or even close the trade manually.

Step 5: Close Your Trade

When you’re ready to close your trade, click the “X” next to it in the “Terminal” window. This will finalise the trade, Profitg your profit or loss, depending on how the Profitt moves.

How Good Is The Execution Speed On The MT4?

The speed at which your trades are executed on MetaTrader 4 (MT4) can vary based on the chart you’re using and how far you are from your broker’s trade server. 

For fast trades on a 1-minute chart, we suggest aiming for execution times under 500 milliseconds. On a 5-minute chart, up to 1000 milliseconds is incredible.

Is Automated Trading On The MT4 Allowed With These Brokers?

Yes, all the brokers reviewed support automated trading. This means you can automate your trading strategies to execute trades based on predefined criteria, helping you make swift and accurate trading decisions without manual intervention.

To get started with automated trading, set up your Expert Advisors on your MetaTrader platform after opening an account with one of these brokers. Review the broker’s specific guidelines and features related to automated trading, as they might have unique settings or tools to enhance your trading experience.

What Are Important Things To Consider When Choosing An MT4 Broker?

At WR Trading, selecting the right MT4 broker is essential for your success in forex trading. However, finding the best MT4 broker can be challenging, given the many options available. So, to help you make the right choice, we recommend considering the following key factors:

Regulation and Security

We advise that your top priority should be the broker’s regulation and security. The forex market can be unpredictable, so choosing a broker regulated by a reputable financial authority is crucial. 

Look for brokers regulated by well-known bodies such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (Cysec). This ensures that your broker adheres to strict guidelines and provides a safe trading environment.

Trading Conditions

When assessing brokers, we recommend focusing on their trading conditions, including spreads, commissions, leverage, and minimum deposit requirements. Opt for brokers that offer tight spreads to lower your trading costs, and check whether they charge commissions per trade or provide commission-free options. 

Ensure the leverage matches your trading style and risk tolerance, and the minimum deposit fits your budget. Considering these factors, you can find a broker that aligns with your trading needs.

Trading Instruments

For those looking to diversify their portfolios, we suggest choosing a broker that offers a broad range of forex instruments. In addition to forex, consider brokers that provide access to stocks, indices, commodities, and cryptocurrencies. 

This variety allows you to explore different markets and trading strategies, enhancing your overall trading experience.

Customer Support

We recommend ensuring that the broker offers robust customer support. Since the forex market operates 24/5, having access to reliable support is crucial. 

Look for brokers that provide multiple support channels, including live chat, email, and phone support. Additionally, check if they offer support in various languages to accommodate your needs.

Educational Resources

If you’re new to forex trading, we advise choosing a broker that offers comprehensive educational resources.  Research brokers that provide webinars, video tutorials, e-books, and trading guides. These resources can help you build a solid foundation, improve your trading skills, and make informed decisions.

Demo Account

Before committing to a live trading account, we suggest testing the platform with a demo account. This lets you practice trading with virtual money and get comfortable with the MT4 platform. 

Alternative Platforms Where You Can Trade via Your Broker

We suggest considering several powerful trading platforms when looking for alternatives to MetaTrader 4 (MT4). Each platform offers unique features that can enhance your trading experience. Here’s a brief overview of some popular options:

• MetaTrader 5
• cTrader
• TradingView

MetaTrader 5 (MT5)

MetaTrader 5 is the successor to MT4 and offers a range of new features. With MT5, you can access more timeframes, advanced charting tools, and a wider selection of technical indicators. 

IForexo supports asset classes beyond forex, such as stocks and commodities. The platform provides improved order execution and is designed for novice and experienced traders.

See here our best MT5 Forex Brokers.

cTrader

cTrader is known for its user-friendly interface and advanced trading features. It offers direct market access and tight spreads, which can be advantageous for scalping and high-frequency trading. cTrader includes advanced charting tools, various order types, and a customisable layout. 

See here our best cTrader Forex Brokers.

TradingView

TradingView is a web-based platform popular for its intuitive design and social trading features. It offers extensive charting capabilities with various indicators and drawing tools. 

You can connect TradingView to many brokers to execute trades directly from the platform. Its community-driven approach also allows you to share and view trading ideas and strategies with other traders.

Each platform has strengths; the best choice depends on your trading style and preferences. Whether you’re looking for advanced tools, ease of use, or social trading features, these alternatives offer robust options for trading via your broker.

See here our best TradingView Brokers.

Conclusion 

At WR Trading, we understand that finding the right broker for your MetaTrader 4 (MT4) needs is critical for the best trading experience. Our review of the top 10 brokers for MT4 highlights the best options available, each offering unique features that can enhance your trading journey.

Remember, the right tools and platform can facilitate better trades and more efficient market analysis. Explore these top brokers and see how they can elevate your trading journey with MT4.

Frequently Asked Questions MetaTrader 4 Brokers: