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BlogRank 01 · best overall
Spread
0.6 pips
Min dep.
$5
Withdrawal
24 hours
Platform
MT4, MT5
EAs Allowed
Yes
Free VPS
Yes (Free)
Best MT4 Forex Brokers 2026
Last updated October 9, 2026
Compare the best MT4 forex brokers for 2026. Expert-tested for EA support, execution speed, raw spreads, and VPS hosting. Find the top MetaTrader 4 broker.
How We Ranked
Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.
Regulated brokersLow spreadsFast withdrawals
Written by
BrokerAnalysis Research Desk
Fact Checked by
BrokerAnalysis Editorial Team
Personalized broker matching
Need a faster shortlist than reading every broker page?
Use the guided matching flow to narrow your next broker by country, budget, and trading platform before you compare the full table.
Last reviewed:
•By:BrokerAnalysis Research Desk
•Fact-checked by:BrokerAnalysis Editorial Team
Our 2 top picks for MetaTrader 4
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.
#1 · Best for MetaTrader 4
XM
Editor's pickMin. deposit $5
- Outstanding daily webinars and educational courses
- No deposit or withdrawal fees
- Strict no re-quotes policy with 99.35% execution in <1s
CySEC (Cyprus), ASIC (Australia), DFSA (Dubai)
#2 · Strong alternative
FP Markets
Editor's pickMin. deposit $100
- True ECN pricing from 0.0 pips
- ASIC and CySEC regulated
- cTrader and IRESS platforms
ASIC (Australia), CySEC (Cyprus), SVG FSA
Why these two
Of every broker we track, these two stand out specifically for MetaTrader 4 — we weigh regulation and safety first, then the exact strengths that matter for this use case. Everything below is the fuller comparison and lower-weight alternatives.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Trade only what you can afford to lose.
What are the best MT4 Forex Brokers?
XM ranks #1 among 29 brokers tested for Best MT4 Forex Brokers with EUR/USD spreads from 0.6 pips and a minimum deposit of $5. Rankings are based on spread data, regulation tier, and platform testing published in our methodology.
Why MetaTrader 4?
MetaTrader 4 (MT4) remains the most popular forex trading platform in the world, despite being released in 2005. Our current ranking starts with XM where it is available, followed by FP Markets, VT Markets, and Exness. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account.
Quick Rankings
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FIND MY BROKER| Broker | Withdrawal | Platform | EAs Allowed | Free VPS | Regulation & funding | Action | ||
|---|---|---|---|---|---|---|---|---|
| 0.6 pips | $5 | 24 hours | MT4, MT5 | Yes | Yes (Free) | No tier-1 licence listed | |
| 0.0 pips | $100 | Same day to 1 business day | MT4, MT5, Iress | Yes | Yes (Sponsored) | No tier-1 licence listed | |
 | 0.0 pips (Raw ECN) | 1.2 pips (Standard STP) | $50 | 1-2 business days | — | — | — | ASIC (Australia)FSCA (South Africa)FSC (Mauritius) | |
 | 0.0 pips | $10 | Instant | MT4, MT5 | Yes | Yes (Free) | No tier-1 licence listed | |
 | 0.0 pips (Prime) | 1.4 pips (Pro) | $10 | Instant for most electronic methods | — | — | — | FSC (Belize) | |
 | 0.0 pips (ECN) | $50 | 1-2 business days | — | — | — | FCA (UK)ASIC (Australia)FSCA (South Africa) | |
 | 0.0 pips | $0 | 24 hours | MT4, MT5 | Yes | Yes | No tier-1 licence listed | |
 | 1.3 pips (Standard) | $50 | 1-2 business days | — | — | — | FCA (UK)ASIC (Australia)CySEC (Cyprus) | |
 | 0.0 pips (Raw ECN) | $50 | 1-2 business days | — | — | — | ASIC (Australia)FCA (UK)CIMA (Cayman) | |
 | 1.3 pips (Standard) | 0.0 pips + commission (Prime/ECN) | $20 | 1-3 business days | — | — | — | FSCA (South Africa)FSC (Mauritius)FSA (Seychelles) | |
 | 0.0 pips (ECN Prime) | $0 | 1 business day | — | — | — | FMA (New Zealand)FSA (Seychelles) | |
 | 0.0 pips (Raw ECN) | 1.2 pips (Standard) | $10 | 1-2 business days | — | — | — | FCA (UK)FSC (Mauritius) | |
 | 0.0 pips | $200 | 24-48 hours | MT4, MT5, cTrader | Yes (Unlimited) | Yes (Sponsored) | No tier-1 licence listed | |
 | 0.0 pips (Razor) | $0 (Rec $200) | 1-2 business days | MT4, MT5, cTrader | Yes | Yes (Discounted) | No tier-1 licence listed | |
 | 0.1 pips | $10 | 24 hours | MT4, MT5 | Yes | Yes | No tier-1 licence listed | |
 | 0.9 pips | $100 | 1-2 business days | MT4, MT5, Web | Yes | Third-party | No tier-1 licence listed | |
 | 0.0 pips (Raw+) | 1.2 pips (Standard) | $100 | 1 business day | — | — | — | FCA (UK)CySEC (Cyprus)FSCA (South Africa) | |
 | 0.0 pips | $0 | 1-2 business days | MT4 | Yes | Yes | No tier-1 licence listed | |
 | 0.0 pips (Raw) | $100 | 1-2 business days | — | — | — | ASIC (Australia)FCA (UK)SCB (Bahamas) | |
 | 0.0 pips | $100 | 1 business day | MT4, MT5 | Yes | Yes | No tier-1 licence listed | |
 | 0.0 pips (Zero) | $0 | Same day | — | — | — | ASIC (Australia)VFSC (Vanuatu) | |
 | 0.0 pips (ThinkZero) | $0 | 1-2 business days | — | — | — | ASIC (Australia)FCA (UK)FSCA (South Africa) | |
 | 0.0 pips (Raw) | $0 | Same day | — | — | — | ASIC (Australia)VFSC (Vanuatu) | |
 | 1.5 pips (Standard) | 0.0 pips + $3/lot (ECN) | $50 | 24 hours | — | — | — | SCA (UAE) 20200000031VARA (UAE) VL/24/06/001ASIC (Australia) | |
 | 0.2 pips (Raw) | $100 | 1-2 business days | — | — | — | FCA (UK)CySEC (Cyprus)CIMA (Cayman Islands) | |
 | 0.0 pips (Commission-based) | $10 | 1-5 business days | — | — | — | CySEC (Cyprus) | |
 | From ~1.0 pips (confirm current terms) | $50 | Confirm current terms directly | — | — | — | FCA (UK) | |
 | 0.0 pips (GO Plus+) | 1.1 pips (Standard) | $0 | 1-2 business days | — | — | — | ASIC (Australia)CySEC (Cyprus)FSC (Mauritius) | |
 | 0.0 pips (Raw) | 1.0 pips (Standard) | $100 | 1-2 business days | — | — | — | ASIC (Australia) |
Rank 02
Spread
0.0 pips
Min dep.
$100
Withdrawal
Same day to 1 business day
Platform
MT4, MT5, Iress
EAs Allowed
Yes
Free VPS
Yes (Sponsored)
Rank 03
Spread
0.0 pips (Raw ECN) | 1.2 pips (Standard STP)
Min dep.
$50
Withdrawal
1-2 business days
Platform
—
EAs Allowed
—
Free VPS
—
ASIC (Australia)FSCA (South Africa)FSC (Mauritius)
Visit VT Markets Read reviewRank 04
Spread
0.0 pips
Min dep.
$10
Withdrawal
Instant
Platform
MT4, MT5
EAs Allowed
Yes
Free VPS
Yes (Free)
Rank 05
Spread
0.0 pips (Prime) | 1.4 pips (Pro)
Min dep.
$10
Withdrawal
Instant for most electronic methods
Platform
—
EAs Allowed
—
Free VPS
—
FSC (Belize)
Visit RoboForex Read reviewRank 06
Spread
0.0 pips (ECN)
Min dep.
$50
Withdrawal
1-2 business days
Platform
—
EAs Allowed
—
Free VPS
—
FCA (UK)ASIC (Australia)FSCA (South Africa)
Visit Moneta Markets Read reviewRank 07
Spread
0.0 pips
Min dep.
$0
Withdrawal
24 hours
Platform
MT4, MT5
EAs Allowed
Yes
Free VPS
Yes
Rank 08
Spread
1.3 pips (Standard)
Min dep.
$50
Withdrawal
1-2 business days
Platform
—
EAs Allowed
—
Free VPS
—
FCA (UK)ASIC (Australia)CySEC (Cyprus)
Visit FXCM Read reviewRank 09
Spread
0.0 pips (Raw ECN)
Min dep.
$50
Withdrawal
1-2 business days
Platform
—
EAs Allowed
—
Free VPS
—
ASIC (Australia)FCA (UK)CIMA (Cayman)
Visit Vantage Read reviewRank 10
Spread
1.3 pips (Standard) | 0.0 pips + commission (Prime/ECN)
Min dep.
$20
Withdrawal
1-3 business days
Platform
—
EAs Allowed
—
Free VPS
—
FSCA (South Africa)FSC (Mauritius)FSA (Seychelles)
Visit PU Prime Read reviewRank 11
Spread
0.0 pips (ECN Prime)
Min dep.
$0
Withdrawal
1 business day
Platform
—
EAs Allowed
—
Free VPS
—
FMA (New Zealand)FSA (Seychelles)
Visit BlackBull Markets Read reviewRank 12
Spread
0.0 pips (Raw ECN) | 1.2 pips (Standard)
Min dep.
$10
Withdrawal
1-2 business days
Platform
—
EAs Allowed
—
Free VPS
—
FCA (UK)FSC (Mauritius)
Visit Hantec Markets Read reviewRank 13
Spread
0.0 pips
Min dep.
$200
Withdrawal
24-48 hours
Platform
MT4, MT5, cTrader
EAs Allowed
Yes (Unlimited)
Free VPS
Yes (Sponsored)
Rank 14
Spread
0.0 pips (Razor)
Min dep.
$0 (Rec $200)
Withdrawal
1-2 business days
Platform
MT4, MT5, cTrader
EAs Allowed
Yes
Free VPS
Yes (Discounted)
Rank 15
Spread
0.1 pips
Min dep.
$10
Withdrawal
24 hours
Platform
MT4, MT5
EAs Allowed
Yes
Free VPS
Yes
Rank 16
Spread
0.9 pips
Min dep.
$100
Withdrawal
1-2 business days
Platform
MT4, MT5, Web
EAs Allowed
Yes
Free VPS
Third-party
Rank 17
Spread
0.0 pips (Raw+) | 1.2 pips (Standard)
Min dep.
$100
Withdrawal
1 business day
Platform
—
EAs Allowed
—
Free VPS
—
FCA (UK)CySEC (Cyprus)FSCA (South Africa)
Visit FxPro Read reviewRank 18
Spread
0.0 pips
Min dep.
$0
Withdrawal
1-2 business days
Platform
MT4
EAs Allowed
Yes
Free VPS
Yes
Rank 19
Spread
0.0 pips (Raw)
Min dep.
$100
Withdrawal
1-2 business days
Platform
—
EAs Allowed
—
Free VPS
—
ASIC (Australia)FCA (UK)SCB (Bahamas)
Visit Eightcap Read reviewRank 20
Spread
0.0 pips
Min dep.
$100
Withdrawal
1 business day
Platform
MT4, MT5
EAs Allowed
Yes
Free VPS
Yes
Rank 21
Spread
0.0 pips (Zero)
Min dep.
$0
Withdrawal
Same day
Platform
—
EAs Allowed
—
Free VPS
—
ASIC (Australia)VFSC (Vanuatu)
Visit Fusion Markets Read reviewRank 22
Spread
0.0 pips (ThinkZero)
Min dep.
$0
Withdrawal
1-2 business days
Platform
—
EAs Allowed
—
Free VPS
—
ASIC (Australia)FCA (UK)FSCA (South Africa)
Visit ThinkMarkets Read reviewRank 23
Spread
0.0 pips (Raw)
Min dep.
$0
Withdrawal
Same day
Platform
—
EAs Allowed
—
Free VPS
—
ASIC (Australia)VFSC (Vanuatu)
Visit Global Prime Read reviewRank 24
Spread
1.5 pips (Standard) | 0.0 pips + $3/lot (ECN)
Min dep.
$50
Withdrawal
24 hours
Platform
—
EAs Allowed
—
Free VPS
—
SCA (UAE) 20200000031VARA (UAE) VL/24/06/001ASIC (Australia)
Visit MultiBank Read reviewRank 25
Spread
0.2 pips (Raw)
Min dep.
$100
Withdrawal
1-2 business days
Platform
—
EAs Allowed
—
Free VPS
—
FCA (UK)CySEC (Cyprus)CIMA (Cayman Islands)
Visit HYCM Read reviewRank 26
Spread
0.0 pips (Commission-based)
Min dep.
$10
Withdrawal
1-5 business days
Platform
—
EAs Allowed
—
Free VPS
—
CySEC (Cyprus)
Visit Libertex Read reviewRank 27
Spread
From ~1.0 pips (confirm current terms)
Min dep.
$50
Withdrawal
Confirm current terms directly
Platform
—
EAs Allowed
—
Free VPS
—
FCA (UK)
Visit TIO Markets Read reviewRank 28
Spread
0.0 pips (GO Plus+) | 1.1 pips (Standard)
Min dep.
$0
Withdrawal
1-2 business days
Platform
—
EAs Allowed
—
Free VPS
—
ASIC (Australia)CySEC (Cyprus)FSC (Mauritius)
Visit GO Markets Read reviewRank 29
Spread
0.0 pips (Raw) | 1.0 pips (Standard)
Min dep.
$100
Withdrawal
1-2 business days
Platform
—
EAs Allowed
—
Free VPS
—
ASIC (Australia)
Visit Blueberry Markets Read reviewWe earn a commission when you open an account through the buttons above. It does not change the ranking — our methodology. High risk: 68–80% of retail CFD accounts lose money.
In-Depth Broker Analysis
Our research team continuously monitors over 100 parameters per broker. Below is a detailed breakdown of our top-rated platforms, including their distinct advantages, ideal user profiles, and potential drawbacks.
XM Review Summary
XM guarantees no requotes on MT4 with 99.35% of orders executed in under 1 second. Free VPS and low $5 minimum deposit.
Pros
- No Requotes
- 99.35% Execute <1s
- Free VPS
- Low Deposit
Cons
- Inactivity Fee
FP Markets Review Summary
FP Markets offers a robust MT4 solution with raw ECN pricing. They are particularly generous with their VPS sponsorship program, making them a great home for traders running heavy automated strategies 24/7.
Pros
- Trader's Toolbox included
- Raw pricing structure
- Reliable uptime
- VPS for high volume
Cons
- Website slightly dated
Our Rating
4.8/5.0
Best Fortraders who want free signals, 100% deposit bonus, copy trading support, and Raw ECN pricing
Min Deposit$50
VT Markets Review Summary
VT Markets is a multi-regulated broker with MT4, MT5, VT Markets App, WebTrader access, 0.0 pips (Raw ECN) | 1.2 pips (Standard STP) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- 100% deposit bonus on first deposit (minimum deposit $50)
- Raw ECN account with 0.0 pip spread potential
- MT4 and MT5 available across desktop and mobile
- Free Telegram signals funnel through Unshakable Traders
Cons
- Entity, leverage, and protection level vary by country
- Free signals are educational support, not profit guarantees
- Traders still need to manage risk and verify terms before depositing
Exness Review Summary
Exness offers exceptional MT4 execution with instant withdrawals and unlimited leverage. Free VPS and tick history data for EA developers.
Pros
- Instant Withdrawals
- Spreads from 0.0
- Unlimited Leverage
- Tick History Data
Cons
- Cent account has higher spread
Our Rating
4.3/5.0
Best ForHigh-leverage traders, automated trading & varied account types
Min Deposit$10
RoboForex Review Summary
RoboForex is a multi-regulated broker with MT4, MT5, cTrader, R StocksTrader access, 0.0 pips (Prime) | 1.4 pips (Pro) on EUR/USD, and $10 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Extreme leverage available up to 1:2000
- Massive variety of account types including specific Cent accounts
- Robust proprietary CopyFX social trading system
- Daily withdrawals process very quickly
Cons
- Lacks Tier-1 regulation (regulated only in Belize)
- Not available to US, UK, or EU residents natively
- Website interface is somewhat dated and cluttered
Our Rating
4.1/5.0
Best ForECN traders & copy-trading followers across Asia-Pacific
Min Deposit$50
Moneta Markets Review Summary
Moneta Markets is a multi-regulated broker with MT4, MT5, AppTrader, ProTrader access, 0.0 pips (ECN) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- FCA and ASIC regulated
- ECN spreads from 0.0 pips
- Native CopyTrader + DupliTrade copy trading
- Low $50 minimum deposit
Cons
- Relatively newer brand vs. legacy competitors
- Ultra ECN tier needs $20,000
HFM Review Summary
HFM offers zero spread accounts on MT4 with HFCopy integration. Premium trading tools and fast execution with no dealing desk.
Pros
- Zero Spread Account
- HFCopy on MT4
- Premium Tools
- Fast Execution
Cons
- Shares only on MT5
Our Rating
4.3/5.0
Best ForAlgorithmic traders & historical data enthusiasts
Min Deposit$50
FXCM Review Summary
FXCM is a multi-regulated broker with Trading Station, MT4, TradingView access, 1.3 pips (Standard) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- 25+ years in business
- No dealing desk execution
- Strong API for algo trading
- Extensive historical data
Cons
- Spreads wider than ECN competitors
- Limited product range
- No MT5 support
Our Rating
4.4/5.0
Best ForRaw spread traders & Australian forex enthusiasts
Min Deposit$50
Vantage Review Summary
Vantage is a multi-regulated broker with MT4, MT5, Vantage App, TradingView access, 0.0 pips (Raw ECN) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Raw ECN spreads from 0.0 pips
- ASIC and FCA regulated
- ProTrader with TradingView built in
- Fast execution speeds
Cons
- $50 minimum deposit for standard account
- Customer support can be slow during peak
- Limited educational resources
Our Rating
3.5/5.0
Best ForSmall-balance traders in South Africa and Latin America; 24/7 gold traders
Min Deposit$20
PU Prime Review Summary
PU Prime is a multi-regulated broker with MT4, MT5, PU WebTrader, PU Prime App access, 1.3 pips (Standard) | 0.0 pips + commission (Prime/ECN) on EUR/USD, and $20 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- $20 Cent and $50 Standard accounts
- FSCA-authorised entity for South Africa
- 24/7 gold trading (XAUUSD247)
- PU Copy Trading app
Cons
- Most international clients sign with offshore entities
- FCA, Philippine SEC, OSC and Japan FSA warnings
- Trustpilot score suspended; withdrawal complaints
Want 5 days of VIP signals free while you research brokers?
No deposit and no broker account to start — you watch the real calls first and decide about VT Markets afterwards.
Join @unshakabletraders on Telegram — 5 days of VIP signals free, no deposit
The 5-day VIP trial is free and needs no deposit. Ongoing access is funded through our VT Markets partnership — the registration link is pinned inside the community for when you are ready.
Frequently Asked Questions About MT4 Forex Brokers
Frequently Asked Questions
Mac traders should prioritize brokers that offer either a straightforward MT4-for-Mac install path, a stable web trader fallback, or free VPS hosting for older Expert Advisors. The goal is to avoid fragile Wine setups if you plan to trade or run EAs daily.
Yes, the MT4 platform software is free to download and use on desktop and mobile. Brokers pay the license fee to MetaQuotes.
It depends. MT4 was built for forex. While many brokers offer Stock CFDs on MT4, they are not real exchange-traded stocks. For real stocks, MT5 is better suited.
MetaQuotes stopped selling new MT4 licenses creating a push towards MT5. However, due to its massive user base, existing brokers continue to support it fully, and it isn't going away anytime soon.
No. MT4 uses MQL4 language, while MT5 uses MQL5. They are not compatible, so you would need to rewrite or find new versions of your indicators.
Top Searched Questions
Which brokers offer the best MT4 trading experience?
The best MT4 brokers combine raw spreads from 0.0 pips, sub-50ms execution, free VPS hosting, and full support for Expert Advisors. Look for brokers with servers close to your location, hedging support, and the ability to use custom indicators from the large MQL4 community.
How do I choose an MT4 forex broker?
Priority criteria for MT4 broker selection: 1) Regulation quality (Tier-1 preferred), 2) Spread competitiveness on your pairs, 3) Execution type (ECN vs. STP), 4) EA policy (some brokers restrict scalping EAs), 5) VPS availability, 6) Server location for latency. Demo test for at least two weeks.
Information automatically localized based on "best mt4 brokers" and related trends.
Sources & References
- XM Account Types— XM
- Exness Accounts— Exness
- HFM Trading Accounts— HFM
- BrokerAnalysis ranking methodology— BrokerAnalysis
- BrokerAnalysis data sources— BrokerAnalysis
- BrokerAnalysis editorial policy— BrokerAnalysis
Related Broker Pages
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Risk Warning: Forex and CFD trading involves significant risk of loss and may not be suitable for all investors. You could lose more than your initial investment. 68-80% of retail investor accounts lose money when trading CFDs with most providers. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
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Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers. See Editorial Policy and Data Sources.
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