Top 10 Best MetaTrader 4 (MT4) Forex Brokers 2026 (Worldwide)

Forex brokers are fintech firms or dealers that facilitate their clients’ access to trading in forex and CFDs on global forex markets. These brokers provide market access using different trading platforms, including MT4, MT5, and Ctraders. Some brokers even have their own trading platforms.

Metatrader4 (MT4) is one of the most popular trading platforms in the forex market. The platform is renowned for its user-friendly interface, advanced charting tools, and customizable features. Most forex brokers use MT4 as their trading platform. However, not all brokers are equally trusted, regulated, or offer similar quality services. With so many options to choose from, it can be difficult to determine which broker is the best fit for your needs.

In this article, We have curated and listed the top MT4 Forex brokers that offer competitive trading conditions, a wide range of trading instruments, and excellent customer support. We have also reviewed their regulations, trading fees, pros, cons, and so on. By comparing these brokers, you can better decide which brokers are best suited to your trading style and goals

A List of Top 10 Metatrader4 Forex Brokers

• Pepperstone: Best Overall Forex broker  
• IC Markets: Best for Low Spreads  
• XM: Forex Brokers that Offer Deposit Bonus
• Eightcap: Best for Smart Trading Tools 
• Exness: Fastest Withdrawal ( Withdraw funds under 1 Minute)
• FBS: Best High Leverage ECN Broker 
• BlackBull Markets: Fastest Execution Forex Broker
• Skilling: Tight Spreads and Zero commission Broker
• Oanda: Best For US Traders 
• Avatrade: Best for Integrity and Innovation

Best MT4 Forex Brokers (Compared and Reviewed)

Pepperstone: Best Overall Forex broker

Founded in 2010 by Owen Kerr and Joe Davenport, Pepperstone is a forex, CFD, and spread betting broker that offers online trading services to traders globally. The broker is regulated by 7 top-tier regulatory authorities, including FCA, ASIC, CySEC, BaFIN, SCB (Bahamas), CMA, and DFSA (Dubai). 

Pepperstone offers 3 of the most popular trading platforms: MT4, MT5, and cTrader. The broker provides MT4 trading platforms for free to traders of all jurisdictions. 

The broker also supports third-party charting or trading tools such as Tradingview, Duplitrade, MirrorTrader, Myfxbook, Smart Trader Tools, cTrader Automate, Autochartist, and Algorithmic trading.

Pepperstone accepts almost all trading styles, including scalping, EA trading, news trading, hedging, copy trading, and more. Pepperstone also supports passive investment programs like PAMM and MAM. The broker also offers API trading and VPS hosting.

Key Features:

• Trading Instruments: 1250+Trading instruments including Forex, Commodities, Cryptocurrencies, Shares/Stocks CFDs, etc 
• Maximum leverage: 1:30 for retail traders of ASIC, CySEC, FCA, and BaFin jurisdictions, 1:200 for SCB Jurisdiction, 1:400 for CMA Jurisdiction, and 1:500 for professional traders. 
• Minimum Deposit: No Minimum Deposit. However, Pepperstone recommends $200 or equivalent for the margin requirement. 
• Account Types: Two ( Standard account, Razor Account) 
• Trading Fees: Spread starting from 1 pip for Standard Account or Commission 3.00 to 3.50 per lot for Razor Account on a Single Trip. 
• PAMM/ MAM:  Available 
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed

Pros:

• Pepperstone is regulated in 7 reputed jurisdictions, including FCA in the UK, CySEC in Cyprus, ASIC in Australia, BaFin in Germany, DFSA in Dubai, CMA, and SCB in the Bahamas.
• Fast order execution is ensured, with an average of 30 milliseconds.
• Competitive spreads starting from 0.0 pips are offered.
• Clients’ funds are segregated with tier 1 banks for added security.
• There are no inactivity fees associated with the platform.
• Attractive trading conditions are provided.
• Pepperstone offers over 1200 trading instruments for diverse investment opportunities.
• The platform facilitates fast and complete online account opening.
• MT4 Smart Trader Tools, Autochartist, Capitalise.ai, and free VPS are among the trading tools available for users.

Cons:

• US Traders are not allowed 
• Only CFDs are Offered 
• No cent/Micro Account 
• Minimum recommended deposit is $ 200
• Support works only 24/5  
• Limited account protection for non-U.K./E.U. clients
• No guaranteed Stop-loss 
• 30-day expiry for demo accounts

Pepperstone offers a variety of platforms like MT4, MT5, cTrader, and TradingView. Along with these, they provide handy tools such as Smart Trader Tools, cTrader Automate, Autochartist, algorithmic trading, API trading, and VPS hosting. For those interested in social trading, Pepperstone offers options like MetaTrader Signals, DupliTrade, and Signal Start. Learn more about Pepperstone here

IC Markets: Best for Low Spread Trading

Founded by Andrew Budzinksi in 2007, IC Markets is a Forex and CFD brokerage firm offering online trading services for retail and institutional clients. Although the company is based in Australia, it provides online trading services globally. IC Markets is regulated by top-tier regulatory authorities such as ASIC, CySEC, and FSA. The firm usually onboard EU clients under CySEC, Australian Clients under ASIC, and global clients under FSA jurisdiction. 

IC Markets offers the most popular trading platforms such as MT4, MT5, and cTrader, which are accessible on desktops, web browsers, and mobile devices. The brokerage provides access to over 2150 trading instruments, including 61 forex pairs, 25 Indices CFDs, 20 commodity CFDs, 2100+ stock CFDs, 21 cryptocurrency CFDs, and 4 Future CFDs

Key Features:

• Trading Instruments: 2150+ including  Forex, commodities, indices, bonds, stocks, futures, cryptocurrencies
• Regulations: ASIC, CySEC, and FSA
• Maximum leverage: up to 1000:1 in FSA jurisdiction, in some countries, it offers 500:1 leverage, for ASIC, and CySEC entity the brokers offers up to 1:30 leverage.   
•  Minimum Deposit: $200 or Equivalent
• Account types: Standard Account and Raw Account (Metater, Ctrader) 
• Fees:  Spread starting from 0.8  pips for Standard Account or 3.00 to 3.50 per lot for Raw Account on a single Trip. 
• PAMM/ MAM:  Not Available 
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed 

Pros:

• A fully regulated broker operates in two tier-1 jurisdictions and one tier-4 jurisdiction.
• It offers super-fast trade execution speed.
• The broker provides low spreads starting from 0 pips.
• Account opening is easy and fast.
• Deposits and withdrawals are free.
• The broker offers standard and raw spread account options.
• Trading EA is allowed.
• Traders have the ability to trade from a mobile device.
• A demo account is available.

Cons:

• The broker requires a higher minimum deposit of $200.
• Non-EU clients do not have investor protection.
• The product selection is limited.
• Weekend trading is not available.
• US traders are not accepted.
• The broker is not regulated by the FCA.

IC Markets offers trading platforms such as MT4 (web, Iphone/IPAD, Android, MAC,  MT5, cTrader (cTrader, cTrader Web, cTrader iPhone/iPad, cTrader Android, cTrader Automate, cTrader Copy Trading). Additionally, it provides a number of tools including VPS, advanced mt4 tool, and research tools like IC Insight). Learn more about IC Markets here 

XM: Best for Deposit Bonus

Founded in 2009, XM is a forex and CFD broker that offers global online trading services. The broker operates through 5 entities worldwide and is regulated by top authorities such as ASIC, CySEC, FSC, DFSA, and FSCA. XM provides personal account managers for its clients and also offers an in-depth video tutorial, daily news analysis, and a trading signal program for newbie traders. Additionally, XM organizes webinars to educate its clients about trading.

XM offers over 1000 trading instruments, including Forex, Crypto CFDs, Indices CFDs, Commodity CFDs, Stock CFDs, Turbo Stock CFDs, Metal CFDs, Themetics CFDs, and Energies CFDs. The broker provides access to more than 10 trading platforms, including MT4, MT5, and XM apps. XM offers a 20% deposit bonus up to $5000 on its global entity (FSC)

Key Features:

• Trading Instruments: 1000+ including  Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs, Turbo Stocks CFDs, Metals CFDs, Energies CFDs
• Maximum leverage: up to 1000:1 
•  Minimum Deposit: $5 or Equivalent
• Account Types: Micro, Standard, Ultra Low, Shares Accounts 
• Fees: Starting from 0.6 in Ultra-low account, 1 Pips for standard account, and 1 Pips for Micro account
• PAMM/ MAM:  Not Available 
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed 

Pros:

• CySEC, ASIC, DFSA in UAE, and FSC Belize regulate XM.
• Minimum deposit is $5
• Over 1000 forex/CFDs are available for trading.
• MT4 and MT5 are the available trading platforms.
• No FCA regulations 
• Quality research, market analysis, and access to trading tools like Autochartist.
• Quality training for newbies and ‘ultra-low micro account’ for beginners.
• High leverage up to 1000:1 (this leverage is not available to all the entities of the Group)

Cons:

• An inactivity Fee is applied. 
• Trading of real stocks is not available to European traders.
• Traders have no other choice apart from the MetaTrader platforms.
• Limited tradable assets.
• No passive investment services (social trading platform, PAMM accounts);
• Funding with PayPal is unavailable.

XM offers MT4 and MT5 trading platforms with versions compatible with mobile, desktop, tablet, Mac, and iPhone. The broker also provides up to $5000 deposit bonus (20% of your initial deposit). Learn more about XM here.  

Eightcap: Best for Smart Trading

Founded in 2009, Eightcap is an Australia-based forex and CFD broker that offers a wide range of trading instruments, including forex, CFDs, Cryptos, share CFDs, Commodity CFDs, and more. The broker provides a variety of trading platforms such as MT4, MT5, TradingView, and Webtraders. Eightcap allows scalping, EA Trading, and copy trading, and also offers passive investment programs like PAMM and MAMM.

Eightcap offers MT4, MT5, and TradingView trading platforms. MT5 is the upgraded version of MT4. MT5 offers more trading options than MT4 which offers Forex, futures, stocks, bonds, and options markets, while MT4 primarily focuses on Forex and CFD trading.

Regulated by ASIC, CySEC, FCA, and SCB, Eightcap provides several useful trading tools and services for traders, including AI-powered Economic Calendar Capitalise.ai, FlashTrader, and ForexVPS. The company is renowned for offering prop trading solutions to many brokers.

Key Features:

• Trading Instruments: 1000+ including  Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs, 
• Maximum leverage: up to 500:1 for SCB regulation, and 30:1 for ASIC, CySEC, and FCA Jurisdiction.  
•  Minimum Deposit: $100 or Equivalent
• Account Types: Three Types of Accounts including Raw Account, Standard Account, Trading View Account 
• Fees: about $3.5 per lot on each side for the raw account, 1 pip spread for the standard account, 1 pip spread for the Tradingview account 
• PAMM/ MAM:  Available 
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed 

Pros:

• Top Tier regulated Broker
• Free deposit and withdrawal
• The maximum leverage is as high as 500:1
• Fully Digital Account Opening
• MT4 and MT5 trading Platforms are offered
• TradingView is integrated
• Stable Liquidity

Cons:

• Does not accept US Clients
• The minimum deposit is $100, which might be a bit more for beginners
• Limited research and educational tools
• No investor protection scheme in its Global Entity (in fact, no brokers have)

Eightcap offers MT4, MT5, and TradingView trading platforms. Additionally, the broker provides smart trading tools such as Capitalise.ai and Flash Trader. It also offers Prop Trading Platforms. Learn more about Eightcap here.

Exness: Best for Instant Withdrawal

Exness is the best choice for those who value instant withdrawal of their profits. With Exness, you can get your money out of your account quickly and easily, without having to wait for days or even weeks. And, because Exness is a regulated broker, you can be sure that your money is safe and secure. So, if you’re looking for a forex broker that offers instant withdrawals, Exness is a perfect choice.

Exness is a forex broker with multiple regulation jurisdictions, including FCA (UK), CySEC (Cyprus), FSCA (Africa), FSC (Mauritius), FSA-S (Seychelles), BVI FSC, CBCS (Curaçao and Sint Maarten), and FSA (Seychelles). The company offers popular MT4 and MT5 trading platforms available for desktop and mobile devices as well as web traders. Trading instruments include over 115 currencies; popular cryptocurrencies including Bitcoin and Ethereum; and also precious metals, commodities, and stock indexes as CFDs.

Key Features:

• Trading Instruments: 200+ trading instruments including  Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs, 
• Maximum leverage: up to Unlimited :1 
•  Minimum Deposit: $1 
• Account Types: Exness offers 5 different types of accounts including Standard, Standard Cent account, Pro,  Raw Spread, Zero accounts 
• Fees: starting from 0.2 pips for a standard account, 0.3 pips for a standard cent account, 0.1pip for a pro account, up to 3.50 per Lot per one side for a raw spread account, 0.05/lot per side for a zero account,
• PAMM/ MAM:  Not Available 
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed 

Pros:

• Regulated in multiple jurisdictions.
• Offers popular MT4 and MT5 trading platforms.
• Available for desktop and mobile devices.
• Over 115 currency pairs are available for trading.
• Trading Central analysis and VPS services are available.

Cons:

• The minimum deposit required is $1.
• Not available to residents of certain countries.

Exness offers MT4, MT5, Exness Term