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Compare MT4 Forex Brokers (2026)

Last updated August 14, 2026

The 38 best mt4 brokers ranked side-by-side — spreads, regulation, minimum deposit, and the head-to-head matchups that matter.

How We Ranked

Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.

Compare Top BrokersRead IC Markets Review
Regulated brokersLow spreadsFast withdrawals
BrokerAnalysis Research Desk

Written by

BrokerAnalysis Research Desk

BrokerAnalysis Editorial Team

Fact Checked by

BrokerAnalysis Editorial Team

Top Shortlist for Global

#1
IC Markets
IC Markets
Review
#2
VT Markets
VT Markets
Review
#3
Exness
Exness
Review
Full Comparison
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Last reviewed:
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By:BrokerAnalysis Research Desk
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Fact-checked by:BrokerAnalysis Editorial Team
Last verified: Aug 2026

Our 2 top picks for Compare MT4

We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.

#1 · Best for Compare MT4
IC Markets

IC Markets

Min. deposit $200
  • Consistently deepest liquidity and tightest raw spreads (0.0)
  • Servers located in NY4 & LD5 datacenters for <40ms latency
  • No restrictions on scalping, hedging, or EAs
ASIC (Australia), CySEC (Cyprus), Seychelles FSA
Visit IC MarketsRead full review
#2 · Best alternative
VT Markets

VT Markets

Min. deposit $50
  • 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
ASIC (Australia), FSCA (South Africa), FSC (Mauritius)
Visit VT MarketsRead full review

Why these two

Both brokers are shortlisted specifically for Compare MT4, are regulated, and accept clients for this use case — we gate on regulation and safety first, then rotate the headline across the brokers that genuinely qualify so the same two names don't lead every page. Everything below is the fuller comparison.

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 brokers in 2026?

The best mt4 brokers in 2026 are led by Pepperstone, Exness, VT Markets. They were ranked on regulation, spreads, minimum deposit, and platform support, and every figure in the comparison comes from verified broker data.

How we compare mt4 brokers

MetaTrader 4 remains the standard for expert-advisor trading and lightweight execution. Our current ranking starts with IC Markets where it is available, followed by VT Markets, Exness, and XM. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account.

Quick Rankings

1
IC Markets logo
IC Markets
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2
VT Markets logo
VT Markets
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3
Exness logo
Exness
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4
XM logo
XM
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5
Pepperstone logo
Pepperstone
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How these brokers compare

12 brokers · how we rank

Side-by-side ranking of the best mt4 brokers in 2026.

BrokerWithdrawalWhy This BrokerExecution TypeRegulation & fundingAction
IC Markets4.6/5.0
0.0 pips (Raw) | 0.8 pips (Standard)$20024-48 hours#10 pick for mt4: Scalpers, EA traders & low-latency algorithmic trading.True ECN
ASIC (Australia)CySEC (Cyprus)Seychelles FSA
Visit IC Markets Read review
VT Markets4.8/5.0
0.0 pips (Raw ECN) | 1.2 pips (Standard STP)$501-2 business days#3 pick for mt4: traders who want free signals, 100% deposit bonus, copy trading support, and Raw ECN pricing.ECN / STP
ASIC (Australia)FSCA (South Africa)FSC (Mauritius)
Visit VT Markets Read review
Exness4.8/5.0
0.0 pips (Raw) | 0.2 pips (Standard)$1Instant#2 pick for mt4: Low-cost traders, high-volume day traders & scalpers.Market Execution
FCA (UK)CySEC (Cyprus)FSCA (South Africa)
Visit Exness Read review
XM4.7/5.0
0.6 pips (Ultra Low) | 1.6 pips (Standard)$524 hours#6 pick for mt4: Beginners, education-focused traders & low deposit users.Market Execution
CySEC (Cyprus)ASIC (Australia)DFSA (Dubai)
Visit XM Read review
Pepperstone4.8/5.0
0.0 pips (Razor) | 1.0 pips (Standard)$0 (Recommended $200)1-2 business days#1 pick for mt4: Advanced traders, automated trading & TradingView enthusiasts.NDD & STP
ASIC (Australia)FCA (UK)CySEC (Cyprus)
Visit Pepperstone Read review
AvaTrade4.5/5.0
0.9 pips (Standard)$1001-2 business days#12 pick for mt4: Beginners, copy traders & options enthusiasts.Market Maker
Central Bank of IrelandASIC (Australia)FSCA (South Africa)
Visit AvaTrade Read review
MultiBank4.6/5.0
1.5 pips (Standard) | 0.0 pips + $3/lot (ECN)$5024 hours#9 pick for mt4: High-volume traders who confirm which specific MultiBank entity and licence covers their country.ECN
SCA (UAE) 20200000031VARA (UAE) VL/24/06/001ASIC (Australia)
Visit MultiBank Read review
Markets.com4.7/5.0
0.6 pips$1001-2 business days#5 pick for mt4: Beginner-to-intermediate multi-asset CFD traders who value research tools.Market Execution
FCA (UK)CySEC (Cyprus)ASIC (Australia)
Visit Markets.com Read review
IG4.7/5.0
0.6 pips (Standard)$250 ($0 bank transfer)2-5 business days#4 pick for mt4: Professional traders, US traders & comprehensive market access.Market Maker (+ DMA routing available)
FCA (UK)ASIC (Australia)CFTC/NFA (USA)
Visit IG Read review
OANDA4.6/5.0
1.1 pips (Standard) | 0.1 pips (Core)$01-3 business days#7 pick for mt4: US traders, beginners & data-driven analysts.Market Maker / V2 Engine
CFTC/NFA (US)FCA (UK)ASIC (Australia)
Visit OANDA Read review
CMC Markets4.6/5.0
0.7 pips$01-2 business days#8 pick for mt4: Advanced chartists & UK spread bettors.Market Maker
FCA (UK)ASIC (Australia)BaFin (Germany)
Visit CMC Markets Read review
Forex.com4.5/5.0
1.2 pips (Standard) | 0.2 pips (Raw)$1001-2 business days#11 pick for mt4: US traders, experienced analysts & volume traders.Market Maker + DMA
CFTC/NFA (USA)FCA (UK)ASIC (Australia)
Visit Forex.com Read review
Rank 01 · best overall
IC Markets4.6/5.0
Spread
0.0 pips (Raw) | 0.8 pips (Standard)
Min dep.
$200
Withdrawal
24-48 hours
Why This Broker
#10 pick for mt4: Scalpers, EA traders & low-latency algorithmic trading.
Execution Type
True ECN
ASIC (Australia)CySEC (Cyprus)Seychelles FSA
Visit IC Markets Read review
Rank 02
VT Markets4.8/5.0
Spread
0.0 pips (Raw ECN) | 1.2 pips (Standard STP)
Min dep.
$50
Withdrawal
1-2 business days
Why This Broker
#3 pick for mt4: traders who want free signals, 100% deposit bonus, copy trading support, and Raw ECN pricing.
Execution Type
ECN / STP
ASIC (Australia)FSCA (South Africa)FSC (Mauritius)
Visit VT Markets Read review
Rank 03
Exness4.8/5.0
Spread
0.0 pips (Raw) | 0.2 pips (Standard)
Min dep.
$1
Withdrawal
Instant
Why This Broker
#2 pick for mt4: Low-cost traders, high-volume day traders & scalpers.
Execution Type
Market Execution
FCA (UK)CySEC (Cyprus)FSCA (South Africa)
Visit Exness Read review
Rank 04
XM4.7/5.0
Spread
0.6 pips (Ultra Low) | 1.6 pips (Standard)
Min dep.
$5
Withdrawal
24 hours
Why This Broker
#6 pick for mt4: Beginners, education-focused traders & low deposit users.
Execution Type
Market Execution
CySEC (Cyprus)ASIC (Australia)DFSA (Dubai)
Visit XM Read review
Rank 05
Pepperstone4.8/5.0
Spread
0.0 pips (Razor) | 1.0 pips (Standard)
Min dep.
$0 (Recommended $200)
Withdrawal
1-2 business days
Why This Broker
#1 pick for mt4: Advanced traders, automated trading & TradingView enthusiasts.
Execution Type
NDD & STP
ASIC (Australia)FCA (UK)CySEC (Cyprus)
Visit Pepperstone Read review
Rank 06
AvaTrade4.5/5.0
Spread
0.9 pips (Standard)
Min dep.
$100
Withdrawal
1-2 business days
Why This Broker
#12 pick for mt4: Beginners, copy traders & options enthusiasts.
Execution Type
Market Maker
Central Bank of IrelandASIC (Australia)FSCA (South Africa)
Visit AvaTrade Read review
Rank 07
MultiBank4.6/5.0
Spread
1.5 pips (Standard) | 0.0 pips + $3/lot (ECN)
Min dep.
$50
Withdrawal
24 hours
Why This Broker
#9 pick for mt4: High-volume traders who confirm which specific MultiBank entity and licence covers their country.
Execution Type
ECN
SCA (UAE) 20200000031VARA (UAE) VL/24/06/001ASIC (Australia)
Visit MultiBank Read review
Rank 08
Markets.com4.7/5.0
Spread
0.6 pips
Min dep.
$100
Withdrawal
1-2 business days
Why This Broker
#5 pick for mt4: Beginner-to-intermediate multi-asset CFD traders who value research tools.
Execution Type
Market Execution
FCA (UK)CySEC (Cyprus)ASIC (Australia)
Visit Markets.com Read review
Rank 09
IG4.7/5.0
Spread
0.6 pips (Standard)
Min dep.
$250 ($0 bank transfer)
Withdrawal
2-5 business days
Why This Broker
#4 pick for mt4: Professional traders, US traders & comprehensive market access.
Execution Type
Market Maker (+ DMA routing available)
FCA (UK)ASIC (Australia)CFTC/NFA (USA)
Visit IG Read review
Rank 10
OANDA4.6/5.0
Spread
1.1 pips (Standard) | 0.1 pips (Core)
Min dep.
$0
Withdrawal
1-3 business days
Why This Broker
#7 pick for mt4: US traders, beginners & data-driven analysts.
Execution Type
Market Maker / V2 Engine
CFTC/NFA (US)FCA (UK)ASIC (Australia)
Visit OANDA Read review
Rank 11
CMC Markets4.6/5.0
Spread
0.7 pips
Min dep.
$0
Withdrawal
1-2 business days
Why This Broker
#8 pick for mt4: Advanced chartists & UK spread bettors.
Execution Type
Market Maker
FCA (UK)ASIC (Australia)BaFin (Germany)
Visit CMC Markets Read review
Rank 12
Forex.com4.5/5.0
Spread
1.2 pips (Standard) | 0.2 pips (Raw)
Min dep.
$100
Withdrawal
1-2 business days
Why This Broker
#11 pick for mt4: US traders, experienced analysts & volume traders.
Execution Type
Market Maker + DMA
CFTC/NFA (USA)FCA (UK)ASIC (Australia)
Visit Forex.com Read review

We 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.

IC Markets logo
Our Rating
4.6/5.0
Best ForScalpers, EA traders & low-latency algorithmic trading
Min Deposit$200
Read Full ReviewVisit IC Markets

IC Markets Review Summary

IC Markets is a multi-regulated broker with MT4, MT5, cTrader, TradingView access, 0.0 pips (Raw) | 0.8 pips (Standard) on EUR/USD, and $200 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Consistently deepest liquidity and tightest raw spreads (0.0)
  • Servers located in NY4 & LD5 datacenters for <40ms latency
  • No restrictions on scalping, hedging, or EAs
Cons
  • Customer service can be slower during peak times
  • Protection and leverage depend heavily on your account entity
VT Markets logo
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
Read Full ReviewVisit VT Markets

VT Markets Review Summary

#3 on this mt4 comparison, rated 4.8/5. Best positioned for: traders who want free signals, 100% deposit bonus, copy trading support, and Raw ECN pricing. Front-line verdict: 100% deposit bonus on first deposit (minimum deposit $50).

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
Cons
  • Entity, leverage, and protection level vary by country
  • Free signals are educational support, not profit guarantees
Exness logo
Our Rating
4.8/5.0
Best ForLow-cost traders, high-volume day traders & scalpers
Min Deposit$1
Read Full ReviewVisit Exness

Exness Review Summary

#2 on this mt4 comparison, rated 4.8/5. Best positioned for: Low-cost traders, high-volume day traders & scalpers. Front-line verdict: Ultra-tight spreads from 0.0 pips.

Pros
  • Ultra-tight spreads from 0.0 pips
  • Instant automated withdrawals 24/7
  • Unlimited leverage options
Cons
  • No cTrader or TradingView integration
  • Educational resources are relatively basic
XM logo
Our Rating
4.7/5.0
Best ForBeginners, education-focused traders & low deposit users
Min Deposit$5
Read Full ReviewVisit XM

XM Review Summary

XM is a multi-regulated broker with MT4, MT5, XM App access, 0.6 pips (Ultra Low) | 1.6 pips (Standard) on EUR/USD, and $5 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Outstanding daily webinars and educational courses
  • No deposit or withdrawal fees
  • Strict no re-quotes policy with 99.35% execution in <1s
Cons
  • Spreads on Standard account are wider than competitors
  • No crypto trading on weekends
Pepperstone logo
Our Rating
4.8/5.0
Best ForAdvanced traders, automated trading & TradingView enthusiasts
Min Deposit$0 (Recommended $200)
Read Full ReviewVisit Pepperstone

Pepperstone Review Summary

#1 on this mt4 comparison, rated 4.8/5. Best positioned for: Advanced traders, automated trading & TradingView enthusiasts. Front-line verdict: Top-tier liquidity with frequent 0.0 pip spreads.

Pros
  • Top-tier liquidity with frequent 0.0 pip spreads
  • Exceptional platform choice including TradingView and cTrader
  • Award-winning 24/5 customer support
Cons
  • Educational content is good but not standard-setting
  • No proprietary mobile app (relies on MetaQuotes/cTrader apps)
AvaTrade logo
Our Rating
4.5/5.0
Best ForBeginners, copy traders & options enthusiasts
Min Deposit$100
Read Full ReviewVisit AvaTrade

AvaTrade Review Summary

AvaTrade is a multi-regulated broker with MT4, MT5, AvaTradeGO, WebTrader, AvaOptions, AvaSocial access, 0.9 pips (Standard) on EUR/USD, and $100 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Heavily regulated across 7+ jurisdictions
  • Excellent mobile app (AvaTradeGO)
  • DupliTrade and AvaSocial copy trading
Cons
  • Spreads slightly wider than ECN brokers
  • Inactivity fee after 3 months
MultiBank logo
Our Rating
4.6/5.0
Best ForHigh-volume traders who confirm which specific MultiBank entity and licence covers their country
Min Deposit$50
Read Full ReviewVisit MultiBank

MultiBank Review Summary

MultiBank is a multi-regulated broker with MT4, MT5 access, 1.5 pips (Standard) | 0.0 pips + $3/lot (ECN) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Real UAE SCA and VARA licences plus additional entity-specific regulators
  • Large claimed paid-up capital ($322M+)
  • Tight ECN commission ($3/lot)
Cons
  • Marketing claims of '18+ regulators' are inflated — some versions of that count include non-trading registries
  • $60/month inactivity fee is aggressive
Markets.com logo
Our Rating
4.7/5.0
Best ForBeginner-to-intermediate multi-asset CFD traders who value research tools
Min Deposit$100
Read Full ReviewVisit Markets.com

Markets.com Review Summary

#5 on this mt4 comparison, rated 4.7/5. Best positioned for: Beginner-to-intermediate multi-asset CFD traders who value research tools. Front-line verdict: Strong tier-1 regulation (FCA, CySEC, ASIC).

Pros
  • Strong tier-1 regulation (FCA, CySEC, ASIC)
  • Easy-to-use Marketsx platform with sentiment tools
  • Investment Strategy Builder & 'Blends'
Cons
  • Inactivity fee after just 3 months
  • 0.6% currency conversion fee
IG logo
Our Rating
4.7/5.0
Best ForProfessional traders, US traders & comprehensive market access
Min Deposit$250 ($0 bank transfer)
Read Full ReviewVisit IG

IG Review Summary

#4 on this mt4 comparison, rated 4.7/5. Best positioned for: Professional traders, US traders & comprehensive market access. Front-line verdict: Publicly traded (FTSE 250) with exceptional financial stability.

Pros
  • Publicly traded (FTSE 250) with exceptional financial stability
  • Access to over 17,000 global markets
  • Industry-leading proprietary web and mobile platform
Cons
  • Does not offer MetaTrader 5 (MT5)
  • Stock CFD commissions can be high
OANDA logo
Our Rating
4.6/5.0
Best ForUS traders, beginners & data-driven analysts
Min Deposit$0
Read Full ReviewVisit OANDA

OANDA Review Summary

OANDA is a multi-regulated broker with OANDA Trade, Advanced Charting (TradingView), MT4 access, 1.1 pips (Standard) | 0.1 pips (Core) on EUR/USD, and $0 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • One of the few reputable brokers serving US retail clients
  • Exceptional regulatory footprint globally
  • No minimum deposit required
Cons
  • Does not support MetaTrader 5 (MT5)
  • Spreads on Standard account aren't the tightest

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Frequently Asked Questions About Compare MT4 Forex Brokers ()

Frequently Asked Questions

Exness, VT Markets, XM currently lead our mt4 ranking. Exness ranks #1 with 4.8/5, FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles) licensing, and EUR/USD from 0.0 pips (Raw) | 0.2 pips (Standard). The whole group averages 0.3 pips on EUR/USD with minimum deposits from $0.
For mt4 trading, the brokers that lead the ranking combine three things: a Tier-1 licence where available (37 of the 38 here hold one), total trading cost under control (group spreads 0.0–1.5 pips, deposits $0–$2500), and maximum leverage up to 1:10000 for the accounts that need it. MetaTrader 4 remains the standard for expert-advisor trading and lightweight execution.
37 of the 38 brokers on this page hold at least one Tier-1 licence (FCA, CySEC, ASIC, or equivalent) and the remaining 1 are Tier-2/3 licensed — the licence tier determines leverage limits, deposit methods, and compensation-scheme coverage. Every broker is independently reviewed on this site, and each review page lists the entities it contracts through and their regulators.
Ranking is computed from centralBrokerDatabase fields: overall rating, regulatory tier coverage, EUR/USD spread, minimum deposit, and platform support. For this mt4 comparison the broker set was filtered to 38 public brokers that actually match the niche, then ranked by rating with Tier-1 coverage as the tiebreaker — every figure in the table traces back to a verifiable database field.
All brokers on this page offer MetaTrader 4 to traders worldwide with full functionality: automated trading (EAs), custom indicators, one-click execution, and mobile apps. USD deposits are supported.
Yes. While MetaQuotes has stopped issuing new MT4 licenses, existing broker integrations continue to work. All brokers on this page maintain active MT4 server infrastructure. Some also offer MT5 alongside MT4.
MT4 has the larger EA ecosystem and is simpler to use. MT5 offers more timeframes (21 vs 9), built-in DOM, and support for stocks/futures. For forex-only trading with EAs, MT4 is usually preferred. For multi-asset trading, choose MT5.

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

  1. — IC Markets
  2. — Exness
  3. — XM
  4. — BrokerAnalysis
  5. — BrokerAnalysis
  6. — BrokerAnalysis

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Not Financial Advice:

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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BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology. Read our Content Standards.

Regional Availability Notice

Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows the country-acceptance status captured in our latest eligibility checks.