Last updated October 9, 2026
The 39 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.
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BrokerAnalysis Research Desk
Fact Checked by
BrokerAnalysis Editorial Team
Use the guided matching flow to narrow your next broker by country, budget, and trading platform before you compare the full table.
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.
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.
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.
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Side-by-side ranking of the best mt4 brokers in 2026.
| Broker | Withdrawal | Why This Broker | Execution Type | Regulation & funding | Action | ||
|---|---|---|---|---|---|---|---|
| 0.0 pips (Raw) | 0.8 pips (Standard) | $200 | 24-48 hours | #10 pick for mt4: Scalpers, EA traders & low-latency algorithmic trading. | True ECN | ASIC (Australia)CySEC (Cyprus)Seychelles FSA | |
| 0.0 pips (Raw ECN) | 1.2 pips (Standard STP) | $50 | 1-2 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) | |
 | 0.0 pips (Raw) | 0.2 pips (Standard) | $1 | Instant | #2 pick for mt4: Low-cost traders, high-volume day traders & scalpers. | Market Execution | FCA (UK)CySEC (Cyprus)FSCA (South Africa) | |
 | 0.6 pips (Ultra Low) | 1.6 pips (Standard) | $5 | 24 hours | #6 pick for mt4: Beginners, education-focused traders & low deposit users. | Market Execution | CySEC (Cyprus)ASIC (Australia)DFSA (Dubai) | |
 | 0.9 pips (Standard) | $100 | 1-2 business days | #12 pick for mt4: Beginners, copy traders & options enthusiasts. | Market Maker | Central Bank of IrelandASIC (Australia)FSCA (South Africa) | |
 | 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) | |
 | 1.5 pips (Standard) | 0.0 pips + $3/lot (ECN) | $50 | 24 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) | |
 | 0.6 pips | $100 | 1-2 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) | |
 | 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) | |
 | 1.1 pips (Standard) | 0.1 pips (Core) | $0 | 1-3 business days | #7 pick for mt4: US traders, beginners & data-driven analysts. | Market Maker / V2 Engine | CFTC/NFA (US)FCA (UK)ASIC (Australia) | |
 | 0.7 pips | $0 | 1-2 business days | #8 pick for mt4: Advanced chartists & UK spread bettors. | Market Maker | FCA (UK)ASIC (Australia)BaFin (Germany) | |
 | 1.2 pips (Standard) | 0.2 pips (Raw) | $100 | 1-2 business days | #11 pick for mt4: US traders, experienced analysts & volume traders. | Market Maker + DMA | CFTC/NFA (USA)FCA (UK)ASIC (Australia) |
74-89% of retail investor accounts lose money when trading CFDs
We earn a commission when you open an account through the buttons above. It does not change the ranking — our methodology.Risk Warning: 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.
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 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.
#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).
#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.
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.
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.
#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.
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.
#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).
#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.
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.
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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 channel for when you are ready. Forex and CFD trading carries significant risk and can result in the loss of your capital. Never deposit money you cannot afford to lose. Past results do not guarantee future performance. This is general education, not financial advice.
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