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Best MetaTrader 4 Brokers
A long-term stable in the forex trading space, MetaTrader 4 (MT4) remains one of the most popular and extensive trading platforms, two decades after its launch.
Still, to take full advantage of its features and achieve the best possible performance and efficiency, you do need to keep in mind the broker through which you’ll use it, which is where we come in with our list of curated suggestions.
Best MetaTrader 4 Brokers in April 2025
Top MetaTrader 4 Brokers - Our Picks for 2025:
OANDA
FOREX.com
Pepperstone
AvaTrade
IC Markets
How We Evaluate MetaTrader 4 Brokers
Each broker listed here undergoes meticulous evaluation, which we base on a number of key factors, each weighted to determine the overall ranking on the list.
Regulation and Security
We will always favor brokers that are overseen by top regulatory authorities, as these institutions enforce strict standards for transparency, segregation of client funds, and reporting practices.
Nowadays there are numerous brokers that are regulated offshore, and while trading through them does not guarantee that you will use your funds, the reality is that legitimate regulatory authorities provide you with a much higher degree of safety and peace of mind.
What’s more, we want to highlight brokers which employ state-of-the-art encryption and data protection layers, as personal data safety represents a crucial part of the trading experience.
Trading Conditions and Costs
The second most important factor in our evaluation are the details regarding each broker’s pricing model.
That means that we favor and highlight brokers that do not feature hidden fees, or high withdrawal and deposit charges, while also having a balanced pricing model in regards to spreads and commission fees.
Diversity of Tradable Assets
While MT4 is still mainly used in forex trading, a number of modern brokers now also provide a variety of assets you can trade on, including stocks, commodities, indices and cryptocurrencies.
We value brokers that have a broader range of tradable instruments, as more options here allows for better portfolio management and higher diversification levels.
Customer Support and User Satisfaction
Customer experience is a big part of any online platform, and brokers are no different. It is essential that customer support is offered through various different channels, and we prefer those brokers that have 24/7 customer support.
We also look at user reviews on a number of review websites to determine how positive and negative experiences influence user satisfaction, and highlight brokers that have an overall positive track record with traders.
Educational and Trading Tools
Lastly, we believe that there can never be too much offered in terms of trading education and advanced tools readily available to traders on the website or the broker’s app.
Features like market analysis, webinars, indicators, expert advisor comparability and many others influence our final ratings, as a broker should strive to present a trading space for both growth, learning and mastering the trading craft.
A Quick Guide to MetaTrader 4
MT4 has been a household name for over two decades, retaining its popularity due to its robust functionality, ease of use, and highly customizable interface.
MetaTrader 4 is particularly favored by forex traders and those implementing automated trading strategies (Expert Advisors).
Key Features of MetaTrader 4
Here are the standout features that make MT4 a preferred choice for traders:
User-Friendly Interface and Customization
The MT4 interface is highly intuitive and suitable for traders of all experience levels. It also supports extensive customization, allowing traders to easily tailor their trading interface through tinkering with charts, layouts and indicators.
Advanced Charting and Technical Analysis Tools
The platform features 30 built-in technical indicators, 24 analytical objects and 9 timeframes, allowing for powerful analytical capabilities that are still impressive today, and that enable for a highly detailed market analysis and more precise trade execution.
Algorithmic and Automated Trading
Algorithmic trading is a cornerstone of MT4. The platform uses the MQL4 language, allowing traders to create, test, and implement automated trading bots easily.
Traders can also utilize custom indicators and scripts for increased automation and efficiency.
High-Speed Execution and Stability
MT4 brokers typically provide robust and high-speed trade execution, minimizing slippage and enhancing profitability.
Brokers with ECN or DMA execution types are particularly favored, offering traders direct market access and greater execution transparency.
Mobile and Web-Based Trading
MetaTrader 4 is accessible not only through desktop applications but also via web browsers and dedicated mobile apps.
This ensures traders remain connected and responsive to market conditions anytime, anywhere.