Best MT4 Brokers – Top Brokers Compared | Forex Crunch
MT4 is one of the most popular trading platforms worldwide – and understandably so. Packed with useful features and advanced charts, MT4 is the favoured software for traders across the globe, with the only requirement being that you have an account with an accepted MT4 broker.
In this guide, we explore the Best MT4 Brokers, discussing their attributes and pay structures and showing you how to get set up and ready to trade – all in less than ten minutes.
Best MT4 Brokers List
The list below presents the best MT4 brokers available today. If you’d like to learn more about them, the following section explores each of the online brokers in detail, highlighting their key features and discussing their fees and deposit options.
- Capital.com – Overall Best MT4 Broker
- AvaTrade – Best MT4 Broker for Leverage
- Libertex – Best MT4 Broker with Low Brokerage Fees
- Vantage FX – Best MT4 Broker for ECN Account
- IG – Best MT4 Broker for Asset Selection
- Skilling – Best MT4 Broker for Asset Selection
- FXCM – Best MT4 Broker for Educational Content
- Forex.com – Best MT4 Broker for Low Fees
- OANDA – Best MT4 Broker with No Minimum Deposit
- Pepperstone – Best MT4 Broker for Cost-Effective Trading
Best MT4 Brokers
7 Providers that match your filters
Deposit Methods
Regulated by
FCA, CySEC, ASIC, CFTC, NFA, BAFIN
Regulated by
FCA, CySEC, ASIC, CFTC, NFA, BAFIN
Regulated by
FCA, CySEC, ASIC, CFTC, NFA, BAFIN
Deposit Methods
Regulated by
FCA, CySEC, ASIC, CFTC, NFA, BAFIN
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Find the Best MT4 Brokers – Comparison
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Regulation
| FCA, CySEC, ASIC, CFTC, NFA, BAFIN | FCA, CySEC, ASIC, CFTC, NFA, BAFIN | FCA, CySEC, ASIC, CFTC, NFA, BAFIN |
Min. Deposit
Min. Spread
Max. Leverage
FX Pairs
EUR/GBP
EUR/USD
EUR/JPY
EUR/CHF
GBP/USD
GBP/JPY
GBP/CHF
USD/JPY
USD/CHF
JPY/CHF
Rolling fee
Conversion Fee
Demo
WebTrader
MT4
MT5
CopyTrading
Forex
Indices
Actions
Cryptocurrencies
Raw Materials
ETFs
Islamic Account
Education & Webinars
Charts & Tools
Scalping
Spread Betting
Bank Transfer
Credit Card
Neteller
Sepa Transfer
Skrill
Top 10 MT4 Brokers Reviewed
If you are looking for the best forex brokers that offer support for MT4, then you’re in the right place. This section covers the best options for trading the foreign exchange market using MT4, highlighting each broker’s features and fee structure.
1. Capital.com – Overall Best MT4 Broker
Our recommendation for the best MT4 broker to trade forex with is Capital.com. Capital.com have been around 
since 2016 and are fully regulated by the Financial Conduct Authority (FCA) and CySEC. In addition, they are also covered under the Financial Services Compensation Scheme (FSCS) – ensuring customers’ capital is protected in the unlikely event of bankruptcy.
One of the best things about Capital.com is that they do not charge any commissions when trading CFDs. This contrasts with many other brokers who could charge a percentage of your position size as a commission. Furthermore, spreads on many of the currency pairs offered by Capital.com are incredibly tight, meaning that you get market-leading rates when you trade with this broker.
In addition to low spreads, Capital.com does not charge any deposit or withdrawal fees whatsoever. Users can make deposits from as little as £20 – meaning that you can begin small and increase your trading amount over time. Finally, Capital.com even offer a handy demo account to use, which lets you gain trading experience in a risk-free manner.
Pros:
- 0% commissions
- Tight spreads
- No deposit or withdrawal fees
- Useful demo trading feature
- Minimum deposit of only £20
Cons:
71.2% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.
2. AvaTrade – Best MT4 Broker for Leverage
Founded back in 2006, Avatrade is a well-established broker that has more than 200,000 users worldwide. Primarily offering CFD trading instruments, Avatrade is very popular with traders across the world thanks to its 0% commission structure. In addition to this, Avatrade is monitored by top regulators such as the FCA, ASIC and the FSCA – ensuring your capital and personal details are afforded the highest levels of security.
Avatrade can be thought of as one of the best MT4 forex brokers available, as they offer a total of 56 currency pairs for users to trade. These pairs comprise majors, minors, and even some exotics, ensuring a wide variety of online trading options. Furthermore, Avatrade is a high leverage forex broker, as users can use up to 1:500 leverage on FX trades. In essence, this provides the opportunity for your position size to be magnified by up to 500x!
Pros:
- 0% commissions
- Regulated by FCA, ASIC, and FSCA
- Large selection of currency pairs to trade
- Up to 1:500 leverage
- More than 200,000 active users
Cons:
72% of retail CFD accounts lose money with this provider.
3. Libertex – Best MT4 Broker for Tight Spread
Another of the best MT4 brokers is Libertex. Libertex is popular when it comes to trading (especially in the forex market) due to their tight spread offering, making Libertex one of the best MT4 forex brokers when it comes to cost-effectiveness. In addition to their tight spread fee structure, Libertex also offers low commissions when trading major currency pairs, ensuring low trading costs for users.
Much like the other brokers on our list, Libertex allows full integration with MT4 so that when you place a trade using the platform, the requisite capital will automatically come from your Libertex account. In addition, Libertex is also regulated by CySEC, adding further credibility to its services. Finally, Libertex also offers a valuable MT4 demo account for users, which comes with a balance of €50,000 – this is ideal for traders who haven’t used MT4 before and wish to become familiar with the platform without risking real money.
Pros:
- Tight spreads
- Low commissions
- Full compatibility with MT4
- Demo account feature
Cons:
83% of retail investors lose money trading CFDs at this site.
4. Vantage FX – Best MT4 Broker for ECN Account
Vantage FX is another excellent addition to our list of the best MT4 trading platforms, thanks to their great asset selection and useful leverage facilities. Founded back in 2009, Vantage FX is regulated by the ASIC and CIMA, ensuring that users’ safety…
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