13 Best MetaTrader 4 (MT4) Brokers for 2025

Swissquote is a Swiss bank leading the way in transparency and safety for brokers. Founded in 2000, the public bank is listed on the SIX Swiss Exchange and employs more than 1,000 people with offices and operating licenses from around the world in Gland, Zurich, London, Luxembourg, Malta, Dubai, Singapore, and elsewhere.

With Swissquote users can trade 400+ markets across spot forex, forex options, indices, stocks, commodities, and bonds from the MetaTrader 4 and MetaTrader 5 trading platforms, as well as its own web-based Advanced Trader platform.

You can use the Swissquote MT4 and MT5 platforms for automated trading capabilities. It includes access to a built-in editor to develop and test your strategies and the ability to download free Expert Advisors (which are essentially automated trading robots) or paid ones to run an algo trading system.

From our examination, you can also access additional plugins for more advanced trading features on top of the standard MT4 platform. The Swissquote MT4 Master Edition provides access to 15 more new indicators and 12 advanced tools such as stealth orders, a correlation matrix, and a mini-terminal for portfolio management.

We tested the trading fees of Swissquote using the standard account. We found that forex spreads were higher than the industry average of 1.0 pip. During the London open, we found the EUR/USD spread to be averaging 1.5 pips. Tighter spreads are available on some of the other account types but these require much higher minimum deposits.

FXTM was founded in 2011 and is regulated by the UK FCA, CySEC, FSCA, and the FSC Mauritius. Over 250 markets can be traded from the MT4 and MT5 trading platforms on desktop, web, and mobile. MT4 also includes advanced functions such as copy trading and automated trading.

The Advantage account offers spreads from 0.0 pips with a competitive commission of $2.50 per lot per side, beating the industry average of $3.50. The Advantage Plus account offers commission-free trading. In our live test, I found the spread for EUR/USD averaged 2.0 pips, higher than the 1.08 pip industry average.

The FXTM Invest copy trading portal offers strategy manager rankings and a strategy manager news feed. Each strategy manager has detailed performance metrics to help identify the best to follow. Opening an Advantage account allows traders to become strategy managers and earn a share of followers’ profits, up to 30%.

Errante was founded in 2019 and offers a great range of account types for all types of traders. Licensed by CySEC and the FSA of Seychelles, users have the ability to trade on forex, indices, commodities, cryptocurrencies, and shares from both the MetaTrader 4 and MetaTrader 5 trading platforms. MT4 can be used via Windows, Mac, Web Trader, or Android mobile apps.

The MT4 platform offered by Errante is the standard version which comes with 30 built-in indicators, 24 analytical tools, the ability to view 9 different timeframes, and 1-click trading options. Users can also use Errante’s MT4 platform for algorithmic trading.

Errante offers a range of different account types which include:

• Standard. Minimum deposit $50. Spreads from 1.5 pips. Zero commission.
• Premium. Minimum deposit $1,000. Spreads from 1 pip. Zero commission. Daily market summary.
• VIP. Minimum deposit $5,000. Spreads from 0.8 pips. Zero commission. 0% fees on deposits and withdrawals. Free VPS.
• Tailor Made. Minimum deposit $15,000. Spreads from 0 pips. Commission-based.

Errante’s fees were found to be competitive as its Standard Account spreads averaged 1.5 pips with zero commission. The Standard, VIP, and Premium account offers maximum leverage of up to 1:500 and the accounts can be funded in USD or EUR.

FxPro is a London-based leader in the forex and CFD industry established in 2006. It offers more than 2,100 tradable instruments across currency pairs, commodities, share CFDs, indices, cryptocurrencies, ETFs, and futures contracts.

I discovered that the broker achieves ultra-fast order execution speeds, averaging 11 milliseconds. Moreover, FxPro claims that 84% of all client orders are filled at the requested price or a better one. To cap it all off, it provides Virtual Private Server (VPS) hosting for low-latency trading and stable internet connectivity.

I performed my testing on a FxPro Standard account via the MT4 platform. This account type features commission-free trading, floating spreads from 1.2 pips, and a low deposit requirement of only $100.

MT4 users interested in fast execution must know that the trading platform is fully compatible with FxPro’s VPS offering. Additionally, it supports automated trading via Expert Advisors (EAs). MT4 also has a built-in strategy tester so that algo traders can tweak and perfect the parameters of their trading systems.

Tickmill was founded in 2014 but has gained an impressive reputation for its product offering. Authorized and licensed by the FCA, CySEC, FSA of Malaysia, and the FSA of Seychelles, users can trade a wide range of asset classes from platforms including MT4, MT5, and CQG.

The Tickmill MT4 platform can be used on Windows, Mac, Web, and Android devices. iOS users can trade from the Tickmill Mobile App which offers a decent range of account management and live trading features as well as live chat support from the app.

From our testing, trading fees for Tickmill were competitive as the Pro Account offers spreads from 0 pips and a low commission of just $2 per side, per $100,000 traded. The Classic Account offers spreads from 1.6 pips with zero commission. There is also a Futures Account for professionals.

Users can also access a wide range of extra tools, such as the Signal Centre for trading ideas, a VPS for futures and options trading, and a comprehensive education section.

ActivTrades was founded in 2001 and is regulated by the UK FCA, CMVN, CSSF, SCB and CVM. One of its standout features is the additional private indemnity insurance with Lloyds of London from $10,000 to $1,000,000.

Users can trade from MT4, MT5, TradingView, and the proprietary ActivTrader platform. The list of global share CFDs available at ActivTrades covers the U.S., Europe, UK, Asia, South America, and others. Another standout feature is that you can trade fractional shares. This means you could purchase 1/10th of a share which is useful if the value of one share is very high and you have a small account.

I found the spread for EUR/USD at ActivTrades averaged 0.95 pips, beating the 1.0 pip industry average for a commission-free account. The spread on Apple share CFDs averaged 0.04 points during the New York open which is also competitive.

A commission of $0.02 per share for US share CFDs is in line with the industry average. A $1 minimum commission applies which is better than some other brokers who may charge a $10 minimum. European share CFDs incur a 0.05% commission of the total transaction value which is also very competitive.

JustMarkets was founded in 2012 and has become well-known for its quality of customer support. Authorized and regulated by CySEC and the FSA of Seychelles, users can trade on a wide range of markets covering forex, commodities, indices, cryptocurrencies, and stocks from the MT4 and MT5 platforms.

The JustMarkets MT4 platform is available for download on Windows and for Web Trader and Android apps. MAC users will need to find their own solution to run MT4 Windows or use the MT4 Web Trader.

From our live testing on the commission-free Pro account, we found the average spread for EURUSD during the London open was 0.8 pips which was much better than the industry average. You can access even tighter spreads with the Raw Spread account but with a commission of 3 units of the base currency per side, per lot.

We also conducted a live test of the broker’s customer support which scored nearly full marks in our rating review. From contacting JustMarkets customer support through online chat the agent was knowledgeable and helpful.

You can access customer support 24 hours a day, 7 days a week in 14 languages which include English, French, Spanish, Turkish, Arabic, Malaysian, and many others.

IronFX was founded in 2010 and has a great offering for beginners. The broker has entities authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the UK Financial Conduct Authority (FCA). Providing negative balance protection, the broker prevents beginner traders from losing more than their account balance.

Beginners can trade from the MetaTrader 4 platform from seven different account types suitable for beginners which include fixed spread and commission-free trading accounts. Beginners can also access a free demo trading to practice in a virtual environment risk-free.

We tested the live spreads during the London open and found them to be in line with the industry average for forex pairs but higher than the industry average for indices and commodities. The live EUR/USD spread at the time of testing was 0.9 pips.

From our analysis, IronFX offers the MT4 platform for Windows, and Android mobile devices and via MT4 Web Trader for browser-based trading. Mac users will need to download external programs to run the MT4 windows application or use the IronFX mobile trading app or web trader software.

The IronFX School provides access to webinars, podcasts, trading videos, seminars, and a wide range of research and educational tools, as well as access to the IronFX AutoTrade platform to copy the trades of successful traders.

tastyfx is a new brand name of IG US that provides Americans access to the global forex market with leverage and tight spreads. tastyfx earned a strong trust ranking from FXEmpire in light of being regulated by the NFA and CFTC, its lengthy operating history, financial stability, and transparency.

tastyfx offers its proprietary platform which is available on web and mobile. We rated both versions as among the best in the industry, with powerful features like sentiment data from its large client base. Traders looking for advanced features like automated trading and Depth of Market (DOM) also have access to MetaTrader 4.

Low trading costs make this an attractive broker. Via the Standard Account, traders can benefit from spreads as tight as 0.8 pips in EUR/USD and 1 pip in GBP/USD. In addition, high-volume traders who qualify as Premium clients can earn substantial cash rebates.

tastyfx offers 82 spot forex instruments, including major, minor, Australasian, Scandinavian, exotic, and emerging market currency pairs, which we rate as above average for the industry. If you are a US trader looking to try out the spot forex market, we recommend tastyfx as a strong choice.

OANDA Corporation was founded in 1996 and has grown an impressive reputation among institutional, corporate, and retail clients. The broker is authorised and regulated in Canada, the UK, Australia, and Japan and is also a member of the National Futures Association and registered with the Commodity Futures Trading Commission in the United States.

We found that US traders are offered four different platforms to trade from. This includes MetaTrader 4, the fully customizable OANDA Trade web and desktop platform and trading app. OANDA clients can also access an MT4 premium upgrade which adds 28 more indicators including additional order types, alert managers, and other automated trading capabilities.

US traders can trade on 70 currency pairs as well as 10 cryptocurrencies with pricing from Paxos’s itBit exchange. There are two types of trading accounts available to US traders which include the Standard Account (minimum balance $0) and the Advanced Trader Loyalty Program Account (minimum balance $10,000 and unlimited free wire transfers).

Both account types of either spread-only pricing or core pricing and commissions. During our live test, we checked the trading fees from its commission-free account on EUR/USD and found it to average 1.3 pips during the London open which is higher than the industry average of 1.0 pips.

We discovered that the Loyalty Programme account allows you to earn cash rebates or commission markdowns from $5 to $15 per million when minimum volume trading requirements have been met which is a good feature for active traders.