It emphasizes fast execution speeds and offers smart order modules for advanced strategies. ActivTrades is an established broker known for its robust technological infrastructure and proprietary trading platform. IFC Markets offers a unique approach with its method allowing traders to create their own synthetic instruments. Suitable for traders looking for a mix of investment services and trading variety. Suitable for traders who enjoy flexible trading conditions. It is designed for traders who prefer the predictability of fixed spreads.

MarketPulse provides consistent research, and Algo Labs extends API trading. OANDA is a trusted U.S. broker with a long regulatory track record and reliable MT4 support, including VPS hosting for automation requiring constant up-time. Tastyfx, the U.S. branch of IG, stands out for competitive spreads, strong research, and full algo support on MT4. FP Markets’ refined MetaTrader offering also includes a suite of trading add-ons and plugins which together with its low-cost pricing, helped it finish Best in Class for MetaTrader in our 2025 Annual Awards.

IOS users can trade from the Tickmill Mobile App which offers a decent range of account management and live trading features as well as live chat support from the app. Licensed by CySEC and the FSA of Seychelles, users have the ability to trade on forex, indices, commodities, cryptocurrencies, and shares from both the MetaTrader 4 and MetaTrader 5 trading platforms. From our examination, you can also access additional plugins for more advanced trading features on top of the standard MT4 platform. We tested 80 brokers this year and pulled together the platforms that make trading on MetaTrader 4 as smooth and hassle-free as possible. With faster trade processing than MT4, it offers 21 timeframes, 115+ indicators, and advanced order types for an edge in volatile markets.

• MT4 supports copy trading through its built-in Signals service and third-party integrations.
• Automated systems cannot adapt to unexpected events like geopolitical tensions, major economic data releases, or sudden market volatility.
• You can use Expert Advisors (EAs) to automatically execute trading strategies, which can help remove emotion from your trading decisions.
• Once they select the option, it will allow them to test either EAs or indicators used by the trader.
• It’s regulated by multiple top-tier financial authorities globally, including the FCA, ASIC, and CFTC/NFA.
• The alerts and notifications feature can be used to keep traders informed about market events, trade executions and account activity.

A popular Forex trading application

If you’d like to learn more about how CFDs work – or you’d just like to see our list of the best CFD trading platforms – check out our full-length guide to the Best CFD Brokers and Trading Platforms. The MetaTrader 4 (MT4) platform is predominantly used for forex trading. It can also cost money to hold trades overnight — known as carry charges or overnight rollover premiums — depending on the live account type you have (Sharia-compliant accounts are usually interest-free, but may incur other costs). Check out our MetaTrader 5 guide to learn about the platform’s advanced features and to get a behind-the-scenes look at mobile, web, and desktop versions of the platform.

How Do I Choose a MetaTrader 4 (MT Broker?

This consistency allows traders to stick to their plan even during market turbulence. Automated trading systems, also known as algorithmic or mechanical trading systems, offer traders the ability to execute strategies automatically based on pre-programmed rules. For example, traders utilizing Expert Advisors (EAs) or custom indicators might need to purchase these tools from third-party developers. Traders do not need to pay for the platform itself, as brokers absorb the cost of licensing MT4 from MetaQuotes, the developer of the software. Additionally, traders should remain vigilant about the plugins and Expert Advisors (EAs) they integrate into the platform.

ForexChief operates on a STP/DMA model, ensuring direct execution and deep liquidity. FXOpen is an ECN pioneer, providing access to institutional liquidity. Eightcap is a CFD broker known for its extensive range of derivatives. Key features include efficient deposit processing and a wide array of asset pairs. Key highlights include efficient withdrawal processing, low floating spreads, and a wide range of assets.

MT5 has a more modern user interface and a few more options, but MT4 remains the better choice due to its superior trading infrastructure. Traders downloading MT4 from MetaQuotes must register with a just2trade review broker after launching MT4. Rigid rules can sometimes stop working if underlying market conditions change, for example, during an economic shock or unexpected news announcement.

What is MetaTrader 4 (MT ?

Explore our offers and make the most of trading with us. Discover the difference between our account types and the range of benefits, including institution-grade execution. Build a stronger trading strategy with our range powerful tools. By offering so many great opportunities, MetaTrader 4 has become the most popular Forex lexatrade review platform. The only difference is that trading is performed using a smartphone or tablet from anywhere in the world. The orders are trade requests to perform a trade immediately or upon meeting a certain condition.

Is CMC Markets safe and regulated?

IG is a regulated forex broker offering MetaTrader 4 with low spreads, fast execution, and powerful charting tools. AvaTrade is an approved forex broker offering MetaTrader 4 with low spreads, advanced features, and secure execution. It’s one of their main platforms, available for desktop, web, and mobile devices, and it’s a popular choice for traders who use automated trading systems. FP Markets is a legit and authorized forex broker offering MetaTrader 4 with low spreads, advanced tools, and reliable execution.

Forex costs in the commission-based account feature raw spreads from 0.0 pips for a commission of $7.00 per 1.0 standard round lot. Pepperstone upgrades MT4/MT5 platforms with the 28-plugin Smart Trader Tools package and Autochartist. It holds client funds in segregated accounts separate from the company’s operations.

• Therefore, I rank IFC Markets among the best Forex brokers.
• We also found that users can access Autochartist from the MT4 platform.
• At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers.
• OANDA is an authorized forex broker offering MetaTrader 4 with competitive spreads, fast execution, and advanced trading tools.
• By thoroughly comparing the data sets covered, you can identify the Forex broker that best meets your trading objectives and personal needs, ensuring a well-informed and tailored decision.
• One of the most distinctive features of MT4 is its user-friendly interface, which allows smooth trading for both inexperienced traders and professionals.

Order Types Available in MT4

Your broker will impose certain limits, such as minimum and maximum deposit amounts, maximum open trade amounts, and minimum trade sizes. It’s always worth doing the math to calculate how much you’ll pay per trade with each broker, by comparing any average spread data and per-trade commission to determine the effective spread. Most brokers offer dozens of major and minor currency pairs, but some brokers offer a wider variety of asset classes, such as exotic pairs, indices, metals, commodities, stocks, and cryptocurrencies. These regulators impose stringent measures on brokers to protect their clients. You’ll be using the same MT4 platform no matter which MT4 broker you choose. If you’ve downloaded MT4 directly from the developer (MetaQuotes Software Corp.), you’ll be able to select a broker’s server from a dropdown menu, and then open an account with the broker of your choice.

Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. He also traded at a couple of different prop trading firms in Chicago. Later, Dan gained insight into the forex industry during his time as a Series 3 licensed futures and forex broker.

To cap it all off, it provides Virtual Private Server (VPS) hosting for low-latency trading and stable internet connectivity. It offers more than 2,100 tradable instruments across currency pairs, commodities, share CFDs, indices, cryptocurrencies, ETFs, and futures contracts. FxPro is a London-based leader in the forex and CFD industry established in 2006. Scalpers benefit from Pepperstone’s 99.8% fill rate and ultra-fast order execution of under 50 milliseconds. It’s backed up by multiple Tier-1 licenses and dominates the industry with its top-notch execution performance.

OANDA is an authorized forex broker offering MetaTrader 4 with competitive spreads, fast execution, and advanced trading tools. IC Markets is a legal and regulated forex broker offering MetaTrader 4 with ultra-low spreads, advanced tools, and reliable execution. IC Markets is a legit forex broker offering MetaTrader 4 with ultra-low spreads, fast execution, and advanced trading tools. FP Markets is an authorized forex broker offering MetaTrader 4 with low spreads, fast execution, and advanced trading tools.

I was fortunate enough in my early twenties to have a friend that recommended a Technical Analysis course run by a British trader who emphasized raw chart analysis without indicators. The 1990s were a bull market, so naturally, I made money. I started my trading journey by buying UK equities that I had read about in the business sections of newspapers. Traders should ensure that they can trust their broker offering MT4. The best third-party trading services can integrate with MT4, including code-free algorithmic trading solutions and copy trading providers. Beginners have thousands of educational and trading videos to choose from.

It’s available alongside their proprietary Next Generation platform and supports automated trading with Expert Advisors (EAs). It suits both beginners and professional traders, providing secure, efficient, and reliable trading conditions worldwide. Yes, IG’s MetaTrader 4 (MT4) platform supports automated trading.

Client funds are also held in segregated accounts, and the company is listed on the London Stock Exchange. It’s regulated by multiple top-tier financial authorities globally, including the FCA, ASIC, and CFTC/NFA. They also protect client funds by holding them in segregated accounts. Yes, AvaTrade is considered safe and is regulated by numerous top-tier financial bodies globally, including the Central Bank of Ireland and ASIC.

Diverse liquidity providers ensure our spreads are tight around the clock. Every trader deserves resources for smarter decisions and long-term success. Available only questrade forex for Switch Market account holders with $50+ deposited.