The news is by your side.
AED
$0.27
0%
AFN
$0.01
-1.38%
ALL
$0.01
-0.49%
AMD
$0.00
-0.37%
ANG
$0.56
-0%
AOA
$0.00
+0.09%
ARS
$0.01
+0.13%
AUD
$0.68
+1.65%
AWG
$0.56
-0%
AZN
$0.59
0%

MT4 Trading Platform Australia | Compare Top MT4 Trading Platform Brokers Australia


MetaTrader or MT is the most popular trading platform in the world favoured by forex traders, but it can be used for many other markets. Experienced investors also opt for MetaTrader, since its interface allows for automated trades, displays a broad range of trading indicators, and is completely free of charge. 

However, as MetaTrader is a third-party trading platform, you need to pick a broker first if you want to obtain access to it. The platform is free of charge, but its revenues come from the software licenses sold to brokerages, so the cost structure depends on your chosen broker. If you want to get started with the most popular trading platform right now, check out the next sections to find out what you need to do.

#1 MT4 Trading Platform Broker in Australia – AvaTrade

 

MT4 Trading Platforms Australia – List of Top MT4 Trading Platform Brokers Australia

As briefly mentioned above, MetaTrader is a third-party trading platform that can only be accessed if you choose a licensed broker. Although most brokers in Australia provide access to this platform, not all of them are cost-efficient or worthy of your attention. To help you out, we’ve curated a list of the top brokers in Australia that provide you with access to MetaTrader 4:  

  • AvaTrade – Best Overall Broker to Access the MT4 Trading Platform in Australia
  • Capital.com – Best Broker for the MT4 Trading Platform Australia for CFD traders
  • FP Markets – Best Broker for the MT4 Trading Platform Australia for Forex Trading
  • Pepperstone – Best Broker for the MT4 Trading Platform Australia for Scalpers
  • IC Markets – Best Broker for the MT4 Trading Platform Australia for Beginners

Scroll down to find out more about each broker and how they may help you achieve your trading objectives. 

Best Brokers for MT4 Trading Platform in Australia – Full Reviews

MetaTrader 4 is the most popular trading platform in the world created in the early 2000s. MetaTrader 5 also came out in 2010, although most traders still prefer MT4.

MT4 is completely free of charge, but you will have to do your due diligence and pick an MT4-licensed broker to be able to use it. Below, we will introduce you to the best brokers in Australia that offer access to the MT4 trading platform.

1. AvaTrade – Best Overall Broker for the MT4 Trading Platform in Australia

AvaTrade is a global broker with a commission-free cost structure. You can trade with only A$100 and choose from a broad range of assets, including forex, stocks, commodities, and bonds. There are no withdrawal or deposit fees, and it’s also recommended for beginners due to its broad range of educational resources. 

To access MT4, you need to open an account with AvaTrade and choose MT4 as your trading platform. AvaTrade MT4 further provides you with the entire range of MT4 features and tools for financial analyses, ranging from interactive charts to varied timeframes and built-in indicators. 

Pros

  • Commission-free trading 
  • Suitable for beginners 
  • ASIC-regulated broker 
  • Has an AUD trading account (no conversion fees)
  • Provides access to full MT4 functionalities

Cons

  • High inactivity fee of A$50 per quarter and A$100 after 12 consecutive months

67% of retail investor accounts lose money when trading CFDs with this provider.

2. Capital.com – Best Broker for the MT4 Trading Platform Australia for CFD traders

Capital.com is also an ASIC-regulated broker which has partnered with MetaTrader 4. You can access all the native features of the platform, there are no inactivity fees or withdrawal fees, providing a great opportunity for beginners and veterans alike. This low-cost broker is ideal for all trading styles and strategies – whether you are a beginner, high-frequency trader, or an investor. 

The broker provides access to numerous videos that cover the basics of trading. These are supplemented by trading courses and quizzes to ensure that new traders become accustomed to all the trading jargon and functions. 

Pros

  • US$20 is required to start trading
  • A demo account is available
  • A wide range of educational content
  • Wide range of assets, including commodities, stocks, gold, and indices
  • 0% fees for deposits, withdrawals, and opening or closing trades

Cons

  • AUD not available as base currency

67% of retail investor accounts lose money when trading CFDs with this provider.

3. FP Markets – Best Broker for the MT4 Trading Platform Australia for Forex Trading

FP Markets is one of the most popular MT4 brokers in Australia. Regulated by the ASIC, experienced forex traders opt for it due to its low spreads that start at 0 pips for major pairs, such as EUR/USD. If you are a forex day trader, you will be able to leverage different tools to take advantage of market volatility. 

What makes this broker stand out from the crowd is the FP Markets MT4 traders toolbox. This bundle contains 12 trading tools to ease your trading experience. For instance, you can use the correlations trader or the correlation matrix – these can help you understand the forex price action and how some currency pairs are correlated in the market. 

Pros

  • FP Markets covers the fees for MT4 users associated with banks and payment processors
  • More than 10,000 financial instruments are available
  • Automatic opening and closing trades
  • Economic calendar, news, charts, and other tools included
  • FP Marts MT4 traders toolbox

Cons

  • Trading commission varies from 0.1% to 0.08% for all ASX trading

67% of retail investor accounts lose money when trading CFDs with this provider.

4. Pepperstone – Best Broker for the MT4 Trading Platform Australia for Scalpers

Another well-known Australian, ASIC-regulated MT4 broker is Pepperstone. If you opt for a standard MT4 account, you can start trading without paying any trading fees or commissions. Also, the bundle known as Smart Trader Tools is a package you can access on your MT4 account and includes up to 28 indicators and expert advisors that will help you improve your trade execution. You will also be able to access Autochartist, a plugin that automatically recognizes price trends, but only if you have at least A$500 in your trading account.

Also, Pepperstone is ideal for scalpers due to its ECN execution. This refers to an “electronic communication network” and it automatically connects traders to liquidity providers. In other words, you enjoy faster execution speeds as all orders are automatically executed without requiring a “middleman”, unlike many other brokers, which would result in delays.

Pros

  • Excellent execution speeds (less than 30 milliseconds)
  • Much tighter spreads compared to traditional brokers
  • Access to tools like Autochartist for the best trading experience
  • Smart Trader Tools bundle for improved trading management
  • Low deposit requirement (A$200 or A$500 for Smart Trader Tools bundle)

Cons

  • Only a few articles/videos per week of research and market news

67% of retail…



Read More : MT4 Trading Platform Australia | Compare Top MT4 Trading Platform Brokers Australia

You might also like
Leave A Reply

Your email address will not be published.