Top 10 of the Best MT4 Forex Brokers for 2019

by | Oct 23, 2019

Do you want to find the best MT4 forex broker around?

Do you want to know what are the best specifically in UK or Australia?

If you do, then this is the perfect place to begin your search.

We have put together a comprehensive listing of the top 10 best forex brokers for MT4 to help you choose.

MT4 is one of the most respected trading platforms in the entire industry. It has been around for well over a decade and continues to be used by almost all of the best forex brokers. It has become a key part of the offering when you are choosing your next broker.

The top MetaTrader 4 forex brokers offer access to the trading platform, and some of the most top quality conditions which you will find. They will also in many cases offer access to MT4 in many varieties. This includes on desktop, through the webtrader, or any of your mobile devices.

The 10 brokers who we have chosen not only offer the best access to the platform, but also possess a selection of other top features, and are all highly trusted and transparent within their operations. This is another one of our top priorities for you as a trader beyond selecting the best MT4 forex broker possible.

(This post is part of the best forex brokers series)

best mt4 forex brokers

Top 10 Best MT4 Forex Brokers Listing for 2019

Here’s our general ranking of the best MT4 forex brokers:

  • Regulations: ASIC, FCA
  • Minimum deposit: $200
  • Platforms: MT4, MT5, cTrader,cAlgo
  • InvestinGoal rank: 4.8/5


78% of retail CFD accounts lose money

1. Pepperstone

Pepperstone is a globally respected broker in its own right. They are the first to feature as one of our MT4 best brokers list. The broker offers the MT4 trading platform with all account types including standard, razor, and swap-free. Our Pepperstone review also details how they offer a special suite of smart trader tools. These will help you unlock the fullest potential of the trading platform and all of the professional tools and charting capabilities it possesses. These tools can greatly enhance your trading potential as well as your ability to engage with MT4 features such as Expert Advisors. Overall, Pepperstone has utilized its top position and many years in the industry to great effect when harnessing the MT4 trading platform.

  • Regulations: Pepperstone Limited authorised & regulated by the FCA (684312); Pepperstone Group Limited registered with ASIC (414530). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: ECN, Market Maker
  • Leverage: 1:500
  • Minimum Deposit: $ 200
  • Platforms: MT4 (desktop, iPhone/iPad, Android), MT5 (desktop), cTrader (web platform, cAlgo, cTrader mobile)
  • Headquarters: Pepperstone Group Limited is headquartered in Melbourne, Australia
  • US Customers: No
  • Other instruments: CFDs on indices, commodities, cryptocurrency
Try PEPPERSTONE with a demo account

78% of retail CFD accounts lose money

  • Regulations: SCB, FCA, FSB, CySEC, DFSA
  • Minimum deposit: $500
  • Platforms: MT4, MT5, cTrader
  • IG rank: 4.5/5


79% of retail CFD accounts lose money

2. FxPro

Next on our listing of best MT4 forex brokers is FxPro. They are a top broker and well-regulated around the world, including by CySEC. Our FxPro review noted that they offer several trading platforms including their own proprietary one, but they retain a dedication to being among the best MT4 forex brokers in the sector. The long-standing nature of both MT4 and FxPro make them the perfect combination for any trader who values speedy and reliable order execution from a top broker. FxPro offers MT4 in all of its forms. This includes on desktop, mobile, and web-based which is easily accessible to millions of traders.

  • Regulations: FxPro UK Limited authorised & regulated by the FCA (509956); FxPro Global Markets MENA Limited authorised & regulated by the DFSA (F003333); FxPro Financial Services Ltd authorised & regulated by CySEC (078/07) and the FSCA (45052); FxPro Global Markets Ltd authorised & regulated by the SCB (SIA-F184). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Agency
  • Leverage: 1:500
  • Minimum Deposit: $100, however, clients under the DFSA will need to deposit $500
  • Platforms: MT4, MT5, cTrader, FxPro Edge (web platform)
  • Headquarters: FxPro Group Limited is headquartered in Limassol, Cyprus
  • US Customers: No
  • Other instruments: CFDs on futures, indices, shares, metals, energies; spread betting
Try FXPRO with a demo account

79% of retail CFD accounts lose money

  • Regulations: ASIC
  • Minimum deposit: $200
  • Platforms: MT4, MT5, cTrader
  • InvestinGoal rank: 4.8/5


74-89 % of retail CFD accounts lose money

3. IC Markets

Continuing on the vein of established brokers who are also top of the best MT4 forex brokers, we have IC Markets. As we covered in our IC Markets review, they offer MT4 to users who operate a standard account, or a Metatrader True ECN account. IC Markets attempt to offer true ECN connectivity through their MT4 platform. This also means no restrictions on trading which has also made them a great choice as a top forex broker for scalping. Spreads from 0 pips and trading in more than 60 currency pairs is available to traders using IC Markets as their MT4 forex broker.

  • Regulations: International Capital Markets Pty Ltd. licensed by ASIC (AFSL no. 335692). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker, ECN, STP
  • Leverage: 1:500
  • Minimum Deposit: $ 200
  • Platforms: MT4, MT5, MT WebTrader, MT iPhone/iPad, MT Android, MT Mac, cTrader, cTrader Web, cTrader Android, cTrader iPhone/iPad, cTrader cAlgo
  • Headquarters: International Capital Markets Pty Ltd. is headquartered in Sydney, Australia
  • US Customers: No
  • Other instruments: CFDs on indices, commodities, stocks, futures, bonds, cryptocurrency
Try IC MARKETS with a demo account

74-89 % of retail CFD accounts lose money

  • Regulations: IFSC, CySEC
  • Minimum deposit: $1
  • Platforms: MT4, MT5
  • InvestinGoal rank: 3.9/5


74-89% of retail CFD accounts lose money

4. FBS

Next among our MT4 brokers list is FBS. Another CySEC regulated broker, as we can see through our FBS review, they are fully dedicated to offering MT4 exclusively to traders. Again this allow all levels of trader from beginner to experienced, to utilize one of the best trading platforms in the business to execute lightning fast trades. It is one of the best trading platforms for many reasons, one being the simplicity with which trades can be executed. This is something FBS traders can look forward to when trading on the MT4 platform.

  • Regulations: Tradestone Limited authorized & regulated by the by CySEC (331/17); FBS Markets Inc. regulated by IFSC (IFSC/60/230/TS/18). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker, ECN
  • Leverage: 1:3000
  • Minimum Deposit: $ 1
  • Platforms: MT4 (for Windows, iOS, Android and/or webtrader)
  • Headquarters: FBS Markets Inc. is headquartered in Belmopan, Belize
  • US Customers: No
  • Other instruments: Futures; CFDs on precious metals, oil, cryptocurrency
Try FBS.COM with a demo account

74-89% of retail CFD accounts lose money

  • Regulations: ASIC, CySEC, FCA
  • Minimum deposit: $5
  • Platforms: MT4, MT5
  • InvestinGoal rank: 4/5


69.75% of retail CFD accounts lose money

5. XM

Rounding off the first 5 of our list of best forex brokers using MT4 is the well-known XM. Our XM review noted that they have more than 1000 trading instruments available for traders to take advantage of. All of these are operated through the sole trading platforms of XM. These platforms are primarily MT4, with MT5 also available. This level of trust from a broker to the platform exemplifies why MT4 has been able to establish as one of the best and most-trusted in the industry. It has also been a big factor in the rise of XM and other top MT4 forex brokers over the years.

  • Regulations: Trading Point of Financial Instruments Pty Limited licensed by ASIC (443670); Trading Point of Financial Instruments UK Limited authorised & regulated by the FCA (705428); Trading Point Of Financial Instruments Ltd regulated by CySEC (120/10). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker
  • Leverage: 1:500
  • Minimum Deposit: $ 5
  • Platforms: MT4 (PC, Mac, web platform, iPad/iPhone, Android/Android tablet), MT5 (PC, Mac, web platform, iPad/iPhone, Android/Android tablet)
  • Headquarters: Trading Point Of Financial Instruments Ltd is headquartered in Limassol, Cyprus
  • US Customers: No
  • Other instruments: CFDs on indices, commodities, stocks, metals, and energies
Try XM with a demo account

69.75% of retail CFD accounts lose money

  • Regulations: CySEC, FCA, IFSC
  • Minimum deposit: $5
  • Platforms: MT4, MT5
  • InvestinGoal rank: 3.9/5


90% of retail CFD accounts lose money

6. FXTM

FXTM is the next best forex broker for MT4 we will focus on. FXTM offers trader’s accessibility to MT4 through all of their 6 account types as mentioned in our FXTM review. This includes standard accounts, and ECN account types where MT5 is also available alongside the MT4 platform. As with the other best brokers for MT4, this provides the best access to the full functionality of MT4 and has no doubt been, at least in part a catalyst for the success of the now hugely popular FXTM broker. FXTM is a Metatrader only broker and has been since its foundation.

  • Regulations: ForexTime Limited regulated by CySEC (185/12), licensed by the FSCA (FSP No. 46614), and registered by the FCA (600475); ForexTime UK Limited authorised & regulated by the FCA (777911); FT Global Limited regulated by the IFSC (license numbers IFSC/60/345/TS and IFSC/60/345/APM). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker
  • Leverage: 1:1000
  • Minimum Deposit: $ 5, £5, € 5
  • Platforms: MT4 (PC, Mac, iOS, Android, multi terminal, web platform), MT5 (PC, Mac, iOS, Android, web platform), MyFXTM (Android, iOS)
  • Headquarters: ForexTime Limited is headquartered in Limassol, Cyprus
  • US Customers: No
  • Other instruments: CFDs on shares, commodities, indices; spot metals
Try FOREX TIME with a demo account

90% of retail CFD accounts lose money

  • Regulations: ASIC
  • Minimum deposit: $100
  • Platforms: IRESS, MT4, MT5
  • InvestinGoal rank: 4.5/5


74-89% of retail CFD accounts lose money

7. FP Markets

FP Markets has also made the list of our best brokers with MT4 list. They offer up to 10,000 trading instruments starting from a 0 pips spread all through MT4. One click trading, ECN execution, and multiple language options are just some of the features we outlined in our FP Markets review. Beyond this, traders can expect the usual excellent and robust functionality which has made MT4 one of the best trading platforms for many years through the availability of charts and professional trading tools in abundance. The FP Markets MT4 trading platform is fully customizable as always.

  • Regulations: First Prudential Markets Pty Ltd licensed by ASIC (286354). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: STP, ECN, Market Maker
  • Leverage: 1:500
  • Minimum Deposit: $ 100 AUD, $ 100 USD or €100
  • Platforms: IRESS, MT4
  • Headquarters: First Prudential Markets Pty Ltd is headquartered in Sydney, Australia
  • US Customers: No
  • Other instruments: CFDs on equities, futures, commodities, indices, Bitcoin
Try FP MARKETS with a demo account

74-89% of retail CFD accounts lose money

  • Regulations: SCB, FCA, FSB, CySEC, DFSA
  • Minimum deposit: $500
  • Platforms: MT4, MT5, cTrader
  • InvestinGoal rank: 4.5/5


71% of retail CFD accounts lose money

8. Avatrade

Avatrade are next to make our list as one of the top forex brokers for MT4. They have been around for a long time and are regulated across 6 jurisdictions, most notably within Europe by CySEC. This shows that they take the security and experience of traders very seriously as we have noted in our Avatrade review. This becomes apparent by the fact that they have developed their own platforms but still choose to retain the much liked and respected MT4 to give their traders a wide range of options when choosing a trading platform to use. In fact, they even herald MT4 as the most powerful trading platform in the world.

  • Regulations: AVA Trade EU Ltd regulated by the Central Bank of Ireland (No.C53877); AVA Trade Ltd regulated by the B.V.I Financial Services Commission; Ava Capital Markets Australia Pty Ltd regulated by ASIC (No.406684); Ava Capital Markets Pty regulated by the South African Financial Sector Conduct Authority (FSCA No.45984); Ava Trade Japan K.K. regulated by the FSA (No.1662) and the FFAJ (No.1574). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker
  • Leverage: 1:30
  • Minimum Deposit: AUD $ 100, USD $ 100, £ 100, or € 100
  • Platforms: AvaTradeGo (mobile app), MT4, Mac Trading (specifically for Macs), Webtrader
  • Headquarters: AVA Trade EU Ltd is headquartered in Dublin, Republic of Ireland
  • US Customers: No
  • Other instruments: CFDs on indices, stocks, cryptocurrencies, commodities, options, ETFs
Try AVA TRADE with a demo account

71% of retail CFD accounts lose money

  • Regulations: FCA, IFSC, KNF, CNMV
  • Minimum deposit: $250
  • Platforms: MT4, xStation5
  • InvestinGoal rank: 4.3/5


79% of retail CFD accounts lose money

9. XTB

XTB is the next major broker to feature in our top 10 MT4 brokers list. They are a strong company within the industry, particularly within Europe, and like so many of the other top brokers they clearly recognize the value of making the MT4 trading platform available to traders alongside their own trading platform, both featuring in our XTB review. It can bring an additional sense of trust and transparency to be an MT4 forex broker as they are utilizing a platform which any experienced trader can recognize and has likely used previously. This familiarity also ensures that as a trader, you stand the best possible chance of making successful trades with a likely prior knowledge of the trading platform.

  • Regulations: XTB International Limited authorised & regulated by the IFSC (IFSC/60/413/TS/17); XTB Limited authorised & regulated by the FCA (522157) and by CySEC (169/12); X-Trade Brokers DM SA authorised & regulated by the KNF; XTB Sucursal authorised & regulated by the CNMV. (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker
  • Leverage: 1:200
  • Minimum Deposit: £ 250, € 250 or $ 250
  • Platforms: MT4, xStation 5
  • Headquarters: XTB Group is headquartered in Warsaw, Poland
  • US Customers: No
  • Other instruments: CFDs on stock indices, commodities, ETFs, cryptocurrency
Try XTB with a demo account

79% of retail CFD accounts lose money

  • Regulations: CySEC, FSC, FSB
  • Minimum deposit: $50
  • Platforms: MT4
  • InvestinGoal rank: 3.9/5


72.21% of retail CFD accounts lose money

10. HotForex (HF Markets)

Finally on our top 10 best MT4 forex brokers we have HotForex. They are another longstanding, MT4 exclusive broker. They make the trading platform available on desktop, webtrader, and all kinds of smart and mobile device. Their MT4 trading platform benefits from additional features thanks to their collaboration with Blue Labs to enable some premium trader tools add-ons as mentioned in our Hot Forex review. This makes what is already a great platform and one of the best MT4 forex brokers, even better for traders. If you are looking for a broker to really get the most out of MT4 then this could be the perfect choice.

  • Regulations: HF Markets (Europe) Ltd regulated by CySEC (183/12); HF Markets (UK) Ltd authorised &regulated by the FCA (801701); HF Markets (DIFC) Ltd authorised & regulated by the DFSA (F004885); HF Markets SA (PTY) Ltd authorized & regulated by the FSCA (46632); HF Markets (Seychelles) Ltd regulated by the FSA (SD015). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker
  • Leverage: 1:1000
  • Minimum Deposit: $ 5
  • Platforms: HF Markets MT4 Terminal, HF Markets Multiterminal, MetaTrader 4 Webterminal, HF Markets iPhone Trader, HF Markets iPad Trader, HF Markets Android
  • Headquarters: HF Markets Ltd is headquartered in Cyber City, Mauritius
  • US Customers: No
  • Other instruments: CFDs on spot metals, energies, commodities, indices, bonds, shares, cryptocurrency
Try HOT FOREX with a demo account

72.21% of retail CFD accounts lose money

Top 7 best Metatrader Brokers UK for 2019

Known as having a large community of online retail traders, the United Kingdom is a magnet for big brokerage houses. This comes with an advantage for traders too: the FCA (Financial Conduct Authority) is one of the most reputable regulatory bodies in the industry.

To operate in the United Kingdom, one needs to be FCA regulated. Therefore, there is a massive competition among U.K. Forex brokers, and the customer is the one to benefit the most.

One of the criteria to differentiate between different brokers is the trading platform they offer. For the retail trader, the MT4 and MT5 platforms are mandatory due to their easy-to-use interface and various third-party integrations they offer.

Here’s our detailed list of the best UK Metatrader brokers (regulated or authorized by FCA) according to our research:

  1. FxPro
  2. FXTM
  3. Pepperstone
  4. Admiral Markets
  5. Active Trades
  6. OCTAFX
  7. FIBO GROUP

Top 10 Best Metatatrader Brokers Australia for 2019

Australian forex brokers with MT4 are known to be some of the most innovate in the world. The same can also be said of Australian forex brokers with MT5 as well.

However, traders should not make the mistake of signing up to any MT4 forex broker in Australia. Before signing up to their service, traders should have a comprehensive understanding of what their potential broker can offer them on top of MT4 trading. There’s no point signing up to any broker if they don’t fit in with your trading style.

Here’s our detailed list of the best Australian Metatrader brokers (regulated or authorized by ASIC) according to our research:

  1. IC Markets
  2. FP Markets
  3. Pepperstone
  4. Vantage FX
  5. AxiTrader
  6. ThinkMarkets
  7. AvaTrade
  8. Synergy FX
  9. Global Prime
  10. easyMarkets

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