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Best MT4 Trading Platform Providers
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Written by:
George Rossi -
Updated:
- What is the MT4 Trading Platform?
- Top 5 Best MT4 Trading Platform Providers
- MetaTrader 4 Platform Overview
- List of Brokers with MetaTrader4 Trading Platform
- How to Choose the Best MT4 Platform Provider
- Reasons MT4 Remains One of the Best Online Trading Platforms
- Liquidity and Pricing Conditions on MT4
- Costs and Fees Related to MT4 Trading Platform
- Frequently Asked Questions
What is the MT4 Trading Platform?
MetaTrader4 (MT4) trading platform is the most popular and used trading software. It is a pioneer platform in Forex trading, with the largest number of orders executed daily worldwide.
- MetaTrader4 is developed by MetaQuotes and is a third-party software used for trading purposes.
- MT4, as a trading software, processes trades with high efficiency, good security, and is packed with numerous trading tools and capabilities suitable for beginner or professional traders.
- However, MT4 is only a platform itself, so to access the market, traders need a Broker. In this setup, MT4 acts as a trading software, and the broker acts as the execution venue.
- The MT4 platform ensures a secure trading environment by using encryption and security protocols. Through these measures, the platform protects its users’ data and transactions.
Read more about MetaTrader on the official site or on Wikipedia.
Top 5 Best MetaTrader4 Trading Platform Providers
Since you need a broker to trade markets, and MT4 acts as a trading software only, we have made a listing of the Best Forex Trading Providers offering their mainstay on the MT4 platform, also ranked by us as the best in their category.
For this list, we consider numerous essential factors, such as regulatory compliance, liquidity depth, platforms’ availability, fees and commissions, client protection, and the broker’s overall standing in the market.
Choosing a regulated MT4 broker considerably reduces the risks associated with Forex trading, ensuring a trustworthy environment.
- HFM – Best Overall MT4 Platform 2026
- BlackBull Markets – Best Lowest Spread MT4 Platform 2026
- FP Markets – Best ECN MT4 Platform 2026
- TopFX – Best for Beginners MT4 Platform 2026
- Fusion Markets – Best EA Trading MT4 Platform 2026
MetaTrader 4 Platform Overview
MT4 Trading Platform is customer-friendly and intuitive, ensuring a straightforward and efficient trading experience. To access the MT4 platform, traders need a reliable forex broker that supports the platform. We also recommend checking the Video Guides or Trading Academy to learn how to use the platform efficiently. The MT4 trading platform also offers a demo account, allowing traders to practice before engaging in real-time trades.
See some of the benefits we mark and found useful on MT4 below:
- MT4 includes all the necessary elements needed for an efficient trading performance. We found it very suitable for long or short strategies, auto trading, copy trading, scalping, and hedging.
- The platform also includes various chart types, timeframes, and technical indicators. Traders can use them for in-depth market analysis to reach informed trading decisions.
- The good news is that the platform is supported by the majority of brokers worldwide, allowing access to smooth trades with advanced capabilities and powerful tools.
| 📈Trading Instruments | Forex, CFDs |
| 💻Programming Language | MQL4 |
| 🔎Technical Analysis Tools | 30 |
| 📊Graphical Objects | 31 |
Key Features and Flexibility of the MT4 Trading Platform
The MT4 trading platform is known for its flexibility and ease of use and is one of the most sought-after trading platforms among both new and experienced traders. It includes a variety of features and functions that include Expert Advisors (EAs) and complex technical analysis tools. Due to these features, traders easily manage and control their accounts.
Automated EA for MT4 Platform
MT4’s famous EAs or automated trading strategies known as Expert Advisors (EA), which run scripted programs that traders can purchase from the marketplace, download, or develop themselves by using the proprietary MQL language, with endless options for auto trading.
- MT4 does not feature an included VPN, unlike the newer version, MT5, which allows traders to run strategies uninterrupted, ensuring more stability.
MT4 Indicators
MT4 Indicators offer a great charting package, even though the platform’s overall design is slightly outdated. Also, technical indicators are available, supporting both fundamental and technical analysis.
- The platform design is easy to navigate and includes numerous indicators available through the standard package or add-ons with plugins. Exclusive tools are available for purchase on the Marketplace, while some Brokers include them for their clients.
MT4 Account Transfer
One of the advantages of using MT4 is that you can transfer your account to another broker if the current one fails to meet your trading needs. Since brokers act as an execution venue, you can transfer all your charts and data to another broker automatically.
Traders can transfer their MT4 Accounts to another broker by simply creating a new account with the desired Broker. They will need to log in to their existing MT4 platform using new credentials, and all their chart data and analysis will automatically synchronize.
List of Brokers with MetaTrader4 Trading Platform
Here is a full list of well-regulated brokers that offer the MT4 trading platform. We have verified each so that they meet strict regulatory standards and provide reliable access to MT4 with competitive trading conditions and secure execution:
| Broker | Detail |
|---|
How to Choose the Best MT4 Platform Provider
When deciding which MT4 provider to choose for a favorable experience, traders should prioritize factors such as MT4 technology, quality, functionality, and a smooth and productive experience. A good MT4 provider must ensure a stable and speedy execution, combined with the core tools that ensure flexibility and execution quality.
Below, we have gathered all the essential factors to consider when choosing a reliable MT4 provider:
- Platform stability is one of the most essential factors in choosing a provider. Ensure that the MT4 platform operates efficiently with minimal downtime.
- Execution speed will help traders to avoid slippage, especially at times of high volatility.
- Security measures are an important part of a stable and safe experience. Traders should ensure that the provider offers secure data protection mechanisms, encryption, and protected servers.
- Customization is another feature to consider when choosing a provider. Traders must be able to customize Expert Advisors, indicators, and custom scripts.
- Another essential point is the flexibility and accessibility of trades through various platforms. The MT4 provider should support desktop, web, and mobile versions.
- Support is another essential part when looking for an MT4 provider. Getting a dedicated and prompt help when facing technical issues with the platform will grant traders more confidence and stability in trading.
- Educational resources and guides will help traders to navigate the platform, arming them with the necessary knowledge and skills.
| MT4 Platform Advantages | MT4 Trading Disadvantages |
|---|---|
| Reliable and Widely used platform worldwide | Might not match personal preference |
| Good Charting and Clear Design | Outdated design |
| Automate Trading – EA | Some tools might be complicated for beginners |
| Algorithmic Trading | Programs, EAs and APIs working on MT4 only |
| Numerous Indicators | |
| All types of Trading Operations |
Reasons MT4 Remains One of the Best Online Trading Platforms
MT4 remains one of the leading trading platforms used globally owing to its reliability, simplicity, and excellent trading facilities. The platform is older compared to its newer MT5 version, but it still stands out for its exceptional performance and fast execution speeds, with all the necessary capabilities for profitable trading. The platform is simple and suitable for all traders, including beginners with no trading experience.
Key Factors why MT4 remains popular among traders:
- The platform has proved to be safe and reliable through years of testing and usage. It has been utilized by several million users worldwide, with positive feedback from traders of different levels, from beginners to professionals.
- Another key factor of the broker’s popularity is its accessibility. Almost every other regulated broker includes the MT4 platform in its offering, equipped with great tools and features.
- Automated trading functionality is another feature that attracts so many traders. Its Expert Advisors, customizable indicators, and charts allow traders to perform in-depth analysis.
- At last, the platform stands out for its large community and stable ecosystem.
Liquidity and Pricing Conditions on MT4
Liquidity and pricing infrastructure form the backbone of an MT4 trading platform’s performance. MT4 provides merely the interface for trading, but the quality of liquidity and pricing lies with a broker, and it is still based on the underlying infrastructure. Strong connections to liquidity help ensure competitive spreads, faster execution, and reduced slippage even in high market volatility.
With the MT4 platform, traders benefit from the best possible prices, complete transparency of current market conditions, and the speed of order execution in various trading conditions.
The main aspects of liquidity and pricing are as follows:
- With access to multiple liquidity providers, it is easier to maintain deeper market depth and tighter spreads.
- Pricing disparities and errors in execution are minimized due to stable and reliable price feeds.
- Low-latency connections reduce slippage and allow quicker execution of trades.
- Flexible pricing depends on the broker and the pricing structure it offers. Some brokers may offer floating spreads, whereas others will include fixed spreads. Besides, brokers offer different account types with spread and commission-based structures. These pricing options allow traders to choose the most suitable conditions to match their trading needs and preferences.
Costs and Fees Related to MT4 Trading
Even if the MT4 trading platform is offered for free, it is essential to be aware of the costs while using MT4 through a broker. Thus, the trading costs are determined by the MT4 broker, which may vary depending on the entity, account types, instrument, and other factors.
To manage trading costs effectively and chase profits, traders should understand trading charges. It is imperative to ensure there are no hidden costs, as transparency of costs is what makes trades profitable.
Here are the common costs traders face when trading through the MT4 platform:
- Spreads depend on several factors, including the broker, the account type, and the instrument traded. Spreads can be either floating or fixed. Additionally, spreads are often combined with fixed commission fees. Before placing trades, it is essential to check spreads for the particular instrument traded.
- Commissions are fixed fees charged per trade. Commissions are often combined with very low spreads, starting from 0.0 pips. Commissions depend on the broker’s account type and the traded instrument.
- Swaps or overnight fees are calculated and charged to positions open overnight, based on the interest rate differentials. Overnight fees can be short or long. Also, traders should check these fees for each instrument, as they vary from one instrument to another. They are also changeable; thus, they should be checked before each trade.
- Inactivity fees are also common in forex trading. An inactivity fee is charged for a dormant account that has been inactive for a specified period of time.
- Brokers often charge deposit and withdrawal transaction fees. Withdrawal fees are more common and vary depending on the payment method used.
- Lastly, there may be charges for paid tools from the MT4 Marketplace, such as plugins, indicators, and other add-ons.
MT4 Platform Limitations and Considerations
While MT4 is a favorable trading platform, it has certain limitations that traders should be aware of. Since it is an older system, it might lack some features that newer MT5 trading platforms offer. Understanding the limitations will enable a trader to make informed decisions about which platform to use based on their trading objectives.
Key limitations to consider are below:
- Older design of the interface is practical but not as trendy as newer platforms.
- Compared to other platforms (such as its newer MT5 version), the MT4 platform has limited asset coverage. Its primary focus is trading forex and CFDs, so there are limitations for those looking for multiple assets.
- The platform does not support VPN. Automated strategies are only available locally or through third parties.
- MT4 provides fewer order types compared to other platforms. Besides, the available charts and indicators are also limited when compared to other, more advanced trading terminals.
Frequently Asked Questions
Is the MT4 Platform Available for Windows, Mac, and Linux?
MT4 Platform features multiple versions and is available for various devices, including Desktop versions for Windows, Mac, or Linux. In addition, the MT4 Mobile App is available for iPad, iPhone, and Android devices, allowing traders to access their positions on the go.
What Brokers Use the MT4 Platform?
Based on our experience in Forex trading, the majority of brokers still offer MT4. However, some brokers have started to include the newer MT5 version in their proposals instead. Note that the platform may include extra trading tools, based on the chosen broker.
Does MT4 Support Copy or Mirror Trading?
Yes, MT4 does have copy and mirror trading capabilities through integrated services or extensions provided by brokers. The platform enables traders to mirror and copy the strategies of professional traders automatically. However, this feature is available and differs according to brokers.
What Markets are Available on MT4?
MT4 is primarily used for forex, but many brokers offer CFDs on indices, commodities, stocks, and cryptocurrencies. This also varies from broker to broker, so a trader has to check what instruments are available with the particular broker.
Can I Change My Broker While Using the Same MT4 Setup?
Yes, traders can change brokers, keeping chart templates, indicators, and settings. After changing the broker, they will need to log in with the new broker credentials.
Are the Trading Terms the Same for All MT4 Brokers?
No, trading conditions vary among brokers. These differences may be in spreads, speed of execution, traded instruments, leverage, and quality of liquidity. Some differences may also be in accounts, commissions, minimum deposits, and risk management. Besides, each broker decides on the MT4 capabilities to support, thus the available MT4 tools and features can vary, too.
Can a Beginner Use MT4?
MT4 is, in fact, beginner-friendly due to its intuitive interface, demo accounts, and educational resources. Trading can be practiced risk-free by acquiring knowledge in the market and learning how indicators and charts work.
