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. Millions of traders use this platform. MT4 is renowned for its user-friendly interface, advanced charting tools, and customizable features. Most forex brokers use MT4 as their trading platform. There are thousands of forex brokers in Ireland that offer MT4 trading platforms. 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 MT4 broker is the best fit for your trading needs.
In this article, We have curated and listed the top MT4 Forex brokers in Ireland 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 MT4 brokers are best suited to your trading style and goals in Ireland.
A list of Top 8 MT4 Forex Brokers in Ireland
- Pepperstone: Best Overall MT4 Forex Broker
- IC Markets: Best for Low Spread Trading
- BlackBull Markets: Fastest Execution MT4 broker
- FP Markets: Transparent Forex and CFD broker
- ActivTrades: Best UK Based Forex Broker in Ireland
- ThinkMarkets: Best for Gold Trading
- FBS: Best for High Leverage
- AvaTrade: Best Market Maker Broker
Best MT4 Forex Brokers (Reviewed and Compared)
- Founded In: 2010
- Minimum Deposit: $0, Recommended: $200
- Maximum Leverage: $200:1 for retail traders, 500:1 for professional traders.
- Regulations: FCA, ASIC, CySEC, SCB, FSA
- Trading Platforms : MT4, MT5, cTrader, DupliTrade, TradingView
- Trading Instruments: Forex, CFD, Crypto CFD, and More
- Founded In: 2007
- Minimum Deposit: $200
- Maximum Leverage: 1:500
- Regulations: ASIC, CySEC, SCB, FSA, FSCA,
- Trading Platforms: MT4, MT5, Ctrader, Trading Central.
- Trading Instruments: Forex, CFD, Crypto CFD, and More
- Founded In: 2014
- Minimum Deposit: $0
- Maximum Leverage: 1:500
- Regulations : FCA, ASIC, NFA, or CySEC.
- Trading Platforms : MT4,MT5, Ctrader ,Tradingview, Copytrader
- Trading Instruments: Forex ,Share, CFDs and Commodities
- Founded In: 2005
- Minimum Deposit: 100 AUD or equivalent.
- Maximum Leverage: 500:1
- Regulations: ASIC, CySEC, SVGFSA, FSCA
- Trading Platforms : MT4, MT5, cTrader, WebTrader, IRESS
- Trading Instruments: Forex, Shares, Metals, Commodities, Indices, Digital Currencies, Bonds, ETFs
- Founded In: 2001
- Minimum Deposit: $0
- Maximum Leverage: 1:200 for retails traders, and 1:400 for Pro traders
- Regulations : FCA, SCB, CMVM, BACEN and CVM
- Trading Platforms :MT4, MT5, ActivTrader and Tradingview
- Trading Instruments: Forex ( Major, minor, exotics), shares, Indices, cryptocurrencies, ETFs, Commodities, Bonds, etc
- Founded In: 2010
- Minimum Deposit: $0 (Standard Account), $500 (ThinkZero account)
- Maximum Leverage: 500:1
- Regulations : ASIC, CySEC, FCA, FSA, FSC, NZFMA, DFSA, JFSA, FSCA, CIMA
- Trading Platforms : MT5, ThinkTrader, ThinkCopy
- Trading Instruments: Forex, cryptocurrencies, shares CFDs, indices, metals, and commodities.
- Founded In: 2009
- Minimum Deposit: $5
- Maximum Leverage: 1:3000
- Regulations :FSC(Belize)
- Trading Platforms : MT4, MT5, Webtrader
- Trading Instruments: Forex , Stock ,Indices , Crypto , Metals , Energies , Forex Exotic
- Founded In: 2006
- Minimum Deposit: $100
- Maximum Leverage: 1:400
- Regulations: CBI, ASIC, JFSA, FSA, FSCA, ADGM, ISA, KNF, IIROC
- Trading Platforms : MT4, MT5, AvaTradeGO, WebTrader, AvaOptions, DupliTrade, ZuluTrade
- Trading Instruments: Metals, Commodities, Stocks, FX Options, Oil, ETFs, Options, Crypto currencies, CFDs, Indexes, Shares, Spread Betting, Indices, Forex, Bonds
Can I trust these MT4 brokers in Ireland?
Yes, you can trust these MT4 brokers in Ireland. Brokersway recommends brokers based on facts and thorough research. We evaluate brokers using 170 data points, grouped into 6 key categories: regulations and security, fees, trading experience, trading tools, customer support, and trading education. These brokers are regulated by multiple authorities, ensuring they are legitimate and trustworthy. Below are the regulations of these brokers.
- Pepperstone: Regulated by 7 regulatory authorities including FCA, ASIC, CySEC, BaFin, DFSA, CMA, and SCB
- IC Markets: Regulated by 3 Regulatory Authorities including FCA, CySEC, and ASIC
- BlackBull: Regulated by 2 Regulatory Authorities including FMA, FSA-S
- FP Markets: Regulated by 5 Regulatory Authorities including ASIC, CySEC, SVGFSA, FSCA
- ActivTrades: Regulated by 5 Regulatory Authorities including SCB, FCA, CMVM, BACEN, and CVM
- ThinkMarkets: Regulated by 10 Regulatory Authorities including ASIC, CySEC, FCA, FSA, FSC, NZFMA, DFSA, JFSA, FSCA, CIMA
- FBS: Regulated by 3 Regulatory Authorities including Cysec, ASIC, FSC-Belize
- AvaTrade: Regulated by 9 Regulatory Authorities including ASIC, JFSA, FSA, FSCA, ADGM, CBI, ISA, KNF, IIROC
How Did We Select the Best MT4 Forex Brokers in Ireland?
Research
To identify the best MT4 forex brokers in Ireland, we conducted extensive research, focusing on the leverage, features, services, and regulations associated with each broker. We analyzed market trends, broker offerings, and user feedback to understand what traders value most. This comprehensive approach allowed us to build a solid foundation for our evaluations.
Data Collection
We gathered data from a variety of reliable sources, including official regulatory bodies, broker websites, TrustPilot, FPA, WikiFX, and reputable financial news platforms. This data encompassed key metrics such as trading fees, available assets, leverage options, and client support services. Additionally, we considered user reviews and testimonials to gauge trader satisfaction and experiences.
Verification
After collecting data, we verified the information to ensure accuracy and reliability. This step involved cross-referencing details from multiple sources, including regulatory websites and independent reviews. By ensuring that our data is accurate, we aim to present an honest assessment of each broker’s strengths and weaknesses.
Live Testing
To provide a real-world perspective, we conducted live testing of the shortlisted brokers. This involved opening demo accounts and executing trades to evaluate the trading platforms, order execution speed, and customer service responsiveness. Our live testing process allowed us to assess each broker’s performance under actual market conditions, providing valuable insights into their functionality.
Scoring
Finally, we scored each broker based on a set of criteria, including regulatory compliance, trading costs, platform usability, available trading instruments, customer support, overall user experience, and leverage. Each category was assigned a specific weight, reflecting its importance in trading. The scores helped us rank the brokers, ensuring that our recommendations align with the needs and preferences of traders looking for MT4 forex brokers in Ireland.
What is the number 1 MT4 forex broker in Ireland?
Based on our evaluation and broker ratings, Pepperstone is the number one MT4 forex broker in Ireland. The broker is regulated by top regulatory authorities such as the FCA, ASIC, CySEC, BaFIN, DFSA, CMA, and SCB. Pepperstone offers spreads as low as 0.0 pips with deep liquidity and no requotes. It provides a variety of trading platforms and tools, including MT4, MT5, cTrader, TradingView, DupliTrade, Autochartist, and more. Over 400,000 traders use the broker globally
Which MT4 Forex Brokers Are Good for Beginners in Ireland?
From our research, analysis, testing, and experience; Pepperstone, FBS, BlackBull Markets, and are the best brokers for beginners in Ireland. They all provide comprehensive training resources for newbies and also demo accounts for practice. When the newbies are ready for live trading, some of these brokers offer micro accounts which they can use to start experimenting with live trades at very little risk.
- Pepperstone: Most popular forex broker with ultra-low spread.
- FBS: Offers a cent account, low minimum deposits starting from $1, and demo accounts for practice.
- BlackBull Markets: Provides low spreads, a user-friendly platform, and demo accounts for beginners.
These brokers are ideal for beginners due to their low entry barriers, affordable trading costs, and the availability of demo accounts to practice trading without financial risk
Which MT4 Forex Brokers Offer Copy Trading Platforms in Ireland?
Pepperstone, IC Markets, and AvaTrade are good MT4 brokers for copy trading in Ireland. For example, Pepperstone facilitates copy trading with third-party platforms like Signal Start, MetaTrader Signals, and DupliTrade. These platforms work flawlessly with Pepperstone.
IC Markets offers the ICSocial copy trading platform. IC Social is a social trading app that allows traders to replicate or copy the strategies of signal providers and also to become a signal provider by using their IC Markets Global MetaTrader 4 account.
AvaTrade also offers the AvaSocial app for copy trading, allowing users to connect, copy, and conquer the markets alongside expert traders
Which MT4 Forex Brokers Offer High Leverage in Ireland?
Many MT4 brokers offer high leverage in Ireland. However, based on our research and evaluation FBS, ThinkMarkets, and IC Markets are some of the highest-leverage MT4 forex brokers that offer their services in Ireland. The leverages of these brokers include
- FBS: as high as 1:3000
- ThinkMarkets: as high as 1:2000
- IC Markets: as high as 1:1000
Which MT4 Forex Broker Has the Lowest Spread in Ireland?
Pepperstone, IC Markets, and FP are among the lowest-spread MT4 brokers in Ireland, offering good trading services. Pepperstone provides spreads starting from 0.0 pips for Razor accounts and 1 pip for Standard accounts. IC Markets offers spreads starting from 0.0 pips for Raw accounts and 0.8 for Standard accounts. FP provides spreads starting from 0.0 pips.
Frequently Asked Questions (FAQs)
What is a Forex Broker ?
A forex broker is a financial service provider that facilitates access to the foreign exchange market, enabling traders to buy and sell currency pairs. Serving as intermediaries, brokers connect traders with liquidity providers and offer platforms for executing trades, analyzing market data, and managing positions. Forex brokers operate during global trading hours, allowing traders to participate in the market throughout the week.
In addition to currency pairs, many brokers offer CFDs on assets like commodities, indices, stocks, and cryptocurrencies. These instruments allow traders to speculate on price changes without owning the underlying assets. Brokers often provide leverage, trading tools, and educational materials to help traders enhance their strategies and improve their decision-making processes.
What is an MT4 Forex Broker?
The broker that offers or supports the MT4 (Metatrader4) trading platform is called an MT4 forex broker. Metatrader4 or MT4 is one of the most popular trading platforms used by about 40 million active traders. The platform is renowned for its versatility and user-friendly interface. Launched in 2005, it quickly became popular among traders and brokers in various financial markets, especially Forex.
MT4 offers advanced charting tools, support for automated trading through Expert Advisors (EAs), customizable indicators and scripts with MetaQuotes Language 4 (MQL4), multiple timeframes, and asset classes beyond Forex. It also offers a secure trading environment with encrypted communication and risk management features. MT4’s combination of robust features and widespread adoption makes it a preferred choice for traders of all levels.
Is MT4 Forex Broker available in Ireland?
Yes, MT4 forex brokers are available in Ireland. Many international brokers that support the MT4 trading platform accept clients from Ireland. These brokers offer MT4 trading platforms for web, desktop, and mobile trading. They often provide services such as customer support in local languages, convenient deposit and withdrawal methods, and educational resources specific to Ireland traders
Is MT4 Legal in Ireland?
Yes, trading with MetaTrader 4 (MT4) is legal in Ireland. It is a widely used trading platform developed by MetaQuotes Software Corporation and is offered by forex and CFD brokers worldwide, including those operating in Ireland. The trading platform is completely safe and legitimate.
Is MT4 Good for Beginners in Ireland?
Yes, MT4 is a good choice for beginners in Ireland. It offers a user-friendly interface, educational resources, demo accounts for practice, customizable charts and tools, and support for automated trading with Expert Advisors (EAs). These features make MT4 an excellent platform for new traders to learn and start trading effectively. Additionally, the availability of demo accounts allows beginners to practice without risking real money.
Can I use Metatrader4 for Free in Ireland?
Yes, MetaTrader 4 (MT4) is entirely free to use in Ireland. You can access a demo account without needing a broker. However, to start live trading, you may need to open a brokerage account. Brokers provide MT4 trading platforms at no additional cost other than their default commission or spreads.
Final Verdict:
There are numerous forex brokers available in Ireland. These forex brokers offer various trading platforms and tools including MT4, MT5, cTrader, TradingView, Tradelocker, Pro4, Zulutrade, and more. Among these platforms, MT4 is the most popular trading platform in the forex market. The platform is used by more than 40 million active traders.
When choosing a Metatrader 4 forex broker, traders should consider factors such as regulations, reputation, trading fees, platforms and tools, and trading conditions. While all MT4 trading platforms may appear similar, they can differ significantly in terms of service quality.
MT4 Forex brokers typically provide both demo and live accounts. If you are a beginner, it is advisable to start trading with a demo account first before moving into live trading.
Our Methodology
We developed a methodology with over 170 data points grouped into 6 macro areas for assessing the performance of forex brokers. They are as follows:
- Regulation and Security
- Fees and Commissions
- Trading
- Trading tools
- Customer Support
- Trading Education
Our team collated information from various sources and verified them before assessment and rating. We tested the services offered by the brokers using various devices, software, and strategies. Final fact-checking, evaluation, and editing were done and the best brokers were selected. To find out more, read our methodology.
Risk Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
