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8 Best MetaTrader 4 Forex Brokers

Best Metatrader 4 Brokers

 

The 8 Best MetaTrader 4 (MT4) Forex Brokers – Rated and Reviewed. A Comprehensive Overview of the Best MT4 Forex Brokers for online trading, download, and apps.

 

In this in-depth guide, you’ll learn:

 

  • The Best MetaTrader 4 (MT4) Forex Brokers – a List
  • MetaTrader 4 Forex Trading Tutorial, Bot, and, Reviews
  • MetaTrader 4 Forex Trading for Beginners
  • Is MetaTrader 4 a Good Platform for Forex Trading?

 

and much, MUCH more!

 

🔎 Broker🚀 Open an Account🖱️ MetaTrader4💴 Min. Deposit
🥇 AvaTrade👉 Click Here✅Yes100 USD
🥈 Exness👉 Click Here✅Yes10 USD
🥉 XTB👉 Click Here✅YesNone
🏅 Pepperstone👉 Click Here✅YesNone

 

🏆 10 Best Rated Forex Brokers

Broker

Rating

Regulators

Platforms

Min Deposit

Max Leverage

Crypto

Official Site

🥇

4.7/5

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

MT4, MT5, Avatrade Social

USD 100

400:1

Yes

🥈

4.5/5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

MT4, MT5

USD 10

2000:1

Yes

🥉

4.8/5

FSA, CySEC, FSCA, FSC

MT4, MT5

USD 1

3000:1

Yes

4

4.6/5

FSC, CMA

MT4, MT5, FXTM Trader

USD 200

2000:1

Yes

5

4.9/5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

MT4, MT5, HFM App, HFM Copy Trading

USD 0

2000:1

Yes

6

4.6/5

CySEC, MISA, FSCA

MT4, MT5, OctaTrader

USD 25

1:1000

Yes

7

4.9/5

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

MT4, MT5, cTrader, Tradingview, Pepperstone Platform

USD 10

400:1

Yes

8

4.5/5

ASIC, CySEC, FSA, SCB

MT4, MT5, WebTrader

USD 200

1:1000

Yes

9

4.7/5

ASIC, FCA, CySEC, SCB

MT4, MT5, TradingView

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 200

2000:1

5

USD 0

2000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 200

1:1000

9

USD 100

1:500

9

USD 200

1:500

10

USD 100

500:1

🏆 10 Best Rated Forex Brokers

Broker

Rating

Regulators

Platforms

Min Deposit

Max Leverage

Crypto

Official Site

🥇

4.7/5

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

MT4, MT5, Avatrade Social

USD 100

400:1

Yes

🥈

4.5/5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

MT4, MT5

USD 10

2000:1

Yes

🥉

4.8/5

FSA, CySEC, FSCA, FSC

MT4, MT5

USD 1

3000:1

Yes

4

4.9/5

FSCA, FSC, ASIC, CySEC, DFSA

MT4, MT5

USD 5

1000:1

Yes

5

4.9/5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

MT4, MT5, HFM App, HFM Copy Trading

USD 0

2000:1

Yes

6

4.6/5

CySEC, MISA, FSCA

MT4, MT5, OctaTrader

USD 25

1:1000

Yes

7

4.9/5

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

MT4, MT5, cTrader, Tradingview, Pepperstone Platform

USD 10

400:1

Yes

8

4.5/5

ASIC, CySEC, FSA, SCB

MT4, MT5, WebTrader

USD 200

1:1000

Yes

9

4.9/5

ASIC, CySEC

MT4

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 5

1000:1

5

USD 0

2000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 200

1:1000

9

USD 100

1:500

10

USD 100

500:1

🏆 10 Best Rated Forex Brokers

Broker

Rating

Regulators

Platforms

Min Deposit

Max Leverage

Crypto

Official Site

🥇

4.7/5

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

MT4, MT5, Avatrade Social

USD 100

400:1

Yes

🥈

4.5/5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

MT4, MT5

USD 10

2000:1

Yes

🥉

4.8/5

FSA, CySEC, FSCA, FSC

MT4, MT5

USD 1

3000:1

Yes

4

4.9/5

FSCA, FSC, ASIC, CySEC, DFSA

MT4, MT5

USD 5

1000:1

Yes

5

4.9/5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

MT4, MT5, HFM App, HFM Copy Trading

USD 0

2000:1

Yes

6

4.6/5

CySEC, MISA, FSCA

MT4, MT5, OctaTrader

USD 25

1:1000

Yes

7

4.9/5

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

MT4, MT5, cTrader, Tradingview, Pepperstone Platform

USD 10

400:1

Yes

8

4.5/5

ASIC, CySEC, FSA, SCB

MT4, MT5, WebTrader

USD 200

1:1000

Yes

9

4.7/5

ASIC, FCA, CySEC, SCB

MT4, MT5, TradingView

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 5

1000:1

5

USD 0

2000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 200

1:1000

9

USD 100

1:500

9

USD 200

1:500

10

USD 100

500:1

🏆 10 Best Rated Forex Brokers

Broker

Rating

Regulators

Platforms

Min Deposit

Max Leverage

Crypto

Official Site

🥇

4.7/5

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

MT4, MT5, Avatrade Social

USD 100

400:1

Yes

🥈

4.5/5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

MT4, MT5

USD 10

2000:1

Yes

🥉

4.8/5

FSA, CySEC, FSCA, FSC

MT4, MT5

USD 1

3000:1

Yes

4

4.9/5

FSCA, FSC, ASIC, CySEC, DFSA

MT4, MT5

USD 5

1000:1

Yes

5

4.9/5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

MT4, MT5, HFM App, HFM Copy Trading

USD 0

2000:1

Yes

6

4.6/5

CySEC, MISA, FSCA

MT4, MT5, OctaTrader

USD 25

1:1000

Yes

7

4.9/5

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

MT4, MT5, cTrader, Tradingview, Pepperstone Platform

USD 10

400:1

Yes

8

4.5/5

ASIC, CySEC, FSA, SCB

MT4, MT5, WebTrader

USD 200

1:1000

Yes

9

4.7/5

ASIC, FCA, CySEC, SCB

MT4, MT5, TradingView

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 5

1000:1

5

USD 0

2000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 200

1:1000

9

USD 100

1:500

9

USD 200

1:500

10

USD 100

500:1

🏆 10 Best Rated Forex Brokers

Broker

Rating

Regulators

Platforms

Min Deposit

Max Leverage

Crypto

Official Site

🥇

4.7/5

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

MT4, MT5, Avatrade Social

USD 100

400:1

Yes

🥈

4.5/5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

MT4, MT5

USD 10

2000:1

Yes

🥉

4.8/5

FSA, CySEC, FSCA, FSC

MT4, MT5

USD 1

3000:1

Yes

4

4.9/5

FSCA, FSC, ASIC, CySEC, DFSA

MT4, MT5

USD 5

1000:1

Yes

5

4.9/5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

MT4, MT5, HFM App, HFM Copy Trading

USD 0

2000:1

Yes

6

4.6/5

CySEC, MISA, FSCA

MT4, MT5, OctaTrader

USD 25

1:1000

Yes

7

4.9/5

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

MT4, MT5, cTrader, Tradingview, Pepperstone Platform

USD 10

400:1

Yes

8

4.5/5

ASIC, CySEC, FSA, SCB

MT4, MT5, WebTrader

USD 200

1:1000

Yes

9

4.9/5

ASIC, CySEC

MT4

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 5

1000:1

5

USD 0

2000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 200

1:1000

9

USD 100

1:500

10

USD 100

500:1

8 Best MetaTrader4 Forex Brokers (2025)

 

  1. ☑️ AvaTrade – Overall, the Best MetaTrader 4 Forex Broker
  2. ☑️ Exness – Excellent all-round offering
  3. ☑️ XTB – Best MT4 Forex Broker for Beginners
  4. ☑️ Pepperstone – MetaTrader suite with add-ons
  5. ☑️ TickmillLow-Cost MT4 Forex Broker
  6. ☑️ HF Markets – Best MetaTrader Forex Broker for Professionals
  7. ☑️ Oanda – High User Trust Score
  8. ☑️ Octa – User-Friendly MT4 Interface

 

 

AvaTrade Review

 

1. AvaTrade

AvaTrade is a leading, trusted, and popular Forex Broker that offers its services to 400K traders across the globe. AvaTrade provides access to multiple Trading Platforms, including:

 

  • MetaTrader 4
  • MetaTrader 5
  • WebTrader
  • AvaOptions
  • DupliTrade
  • ZuluTrade

 

MetaTrader 4 is suitable for beginners and advanced traders, plus it offers access to offers automated trading through Expert Advisors.

 

🔎 Broker🥇 AvaTrade
📌 Year Founded2006
👤 Amount of staffApproximately 400
👥 Amount of active tradersOver 300,000
📍 Publicly TradedNone
Regulation and SecurityVery High
🛡️ RegulationASIC
FSA
CBI
BVI
FSCA
FRSA,
CySEC
ISA,
JFSA
🌎 Country of regulationAustralia (ASIC)
UK (FCA)
Ireland (CBI), etc.
↪️ Account Segregation✅Yes
🅰️ Negative balance protection✅Yes
🅱️ Investor Protection Schemes✅Yes
📈 Account Types and FeaturesMultiple
📉 Institutional Accounts✅Yes
📊 Managed Accounts✅Yes
💹 Minor account currenciesSeveral, including
USD, EUR, GBP,
AUD, CAD
💱 Minimum Deposit100 USD
⏰ Avg. deposit processing time1-3 business days
⏱️ Avg. Withdrawal processing time1-5 business days
🪙 Fund Withdrawal FeeGenerally None
💰 Spreads from0.9 pips
💴 CommissionsVaries by instrument
and account type
💶 Number of base currencies5+
💵 Swap FeesVaries by instrument
and account type
⏹️ LeverageUp to 400:1
⏯️ Margin requirementsVaries by instrument
and account type
☪️ Islamic account✅Yes
🆓 Demo Account✅Yes
⏺️ Order Execution TimeInstant to a
few seconds
🖱️ VPS HostingAvailable
📈 CFDs Total1,000+
📉 CFD Stock Indices✅Yes
🍎 CFD Commodities✅Yes
📊 CFD Shares✅Yes
💷 Deposits and WithdrawalsTrusted Options
💳 Deposit OptionsCredit/debit cards,
bank transfer,
e-wallets
(e.g., PayPal)
💸 Withdrawal OptionsCredit/debit cards,
bank transfer,
e-wallets
(e.g., PayPal)
🖥️ Trading PlatformsMetaTrader 4,
MetaTrader 5,
AvaTradeGo,
WebTrader,
AvaSocial,
DupliTrade
💻 OS CompatibilityWindows,
Mac,
iOS,
Android
📌 Forex trading toolsVarious tools
including charting,
technical analysis,
economic calendar
🥰 Customer SupportResponsive
🗯️ Live Chat✅Yes
💌 Support EmailContact Form
☎️ Support ContactVaries by Region
🐦 Social mediaFacebook,
Twitter,
LinkedIn,
YouTube
📍 Languages SupportedEnglish,
Spanish,
French,
German,
Italian,
Arabic, and more
✏️ Educational ResourcesMultiple
📔 Forex course✅Yes
📚 Webinars✅Yes
📒 Educational ResourcesVarious articles,
guides,
and tutorials
🫶 Affiliate program✅Yes
🤝 Amount of partnersNumerous global partners
🫰🏻 IB Program✅Yes
🚩 Sponsor notable events/teamsSponsorship of various sports teams and events
➡️ Rebate program✅Yes
🅰️ Cent AccountsNone
🅱️ Micro AccountsNone
😊 Suited to Beginners✅Yes
😎 Suited to Professionals✅Yes
⚡ Suited to Active Traders✅Yes
⭐ Suited to Scalpers✅Yes
🌞 Suited to Day Traders✅Yes
🚀Open an Account👉 Open Account

 

Overall Rating

Min Deposit

USD 100 

Regulators

ASIC, FSA, CBI,  BVI, FSCA, FRSA, ISA

Trading Platform

MT4, MT5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

MetaTrader 4

The MetaTrader 4 trading platform offers access to Flexible, Fast trading, Trading Signals, Expert Advisors, and, Global Accessibility. Furthermore, the AvaTrade MT4 Trading Platforms come with the following Main Features:

 

  • One-click trading
  • EA functionality
  • 9 timeframes
  • 3 charts (line, bar, and candlesticks)
  • 30 built-in indicators
  • 24 graphical objects
  • 1 single login across all your trading platforms
  • Guaranteed full data backup and security
  • 4 pending order types
  • Trade history information
  • Micro lots available
  • Internal mailing system
  • News streaming

 

Finally, Built-in MT4 and MQL4 guides. This will allow traders to build their knowledge of MT4 navigation and MQL4 by taking advantage of the free resources on the platform.  MetaTrader 4 is available via AvaTrade for Web, PC, and Mobile Trading.

 

Overall Rating

Min Deposit

USD 100 

Regulators

ASIC, FSA, CBI,  BVI, FSCA, FRSA, ISA

Trading Platform

MT4, MT5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Additional Trading Platforms

AvaTrade offers access to multiple additional Trading Platforms, including:

 

  • MetaTrader 5
  • WebTrader
  • AvaOptions
  • DupliTrade
  • ZuluTrade

 

The MetaTrader 5 Trading Platform, part of the MetaTrader Suite, offers access to advanced auto-trading systems, technical tools, and copy trading.

 

Overall Rating

Min Deposit

USD 100 

Regulators

ASIC, FSA, CBI,  BVI, FSCA, FRSA, ISA

Trading Platform

MT4, MT5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

 

✅Pros❌Cons
Regulated by multiple
authorities
AvaTrade does not
offer managed
accounts,
Offers a wide variety
of financial
instruments
Spreads can be higher
Provides leverage up
to 1:400
Cryptocurrency
trading might
not be available
Access to popular
platforms like
MetaTrader 4 (MT4),
MetaTrader 5 (MT5)
Withdrawal fees
can vary
depending on
the
payment method
Offers swap-free
Islamic accounts
The account
setup
process and
trading
conditions can
be
complex for beginners
Provides VPS
hosting options
Direct stock
trading is
not available

 

Frequently Asked Questions

 

What is AvaTrade?

AvaTrade is a leading and trusted Forex broker that serves over 400,000 traders worldwide, providing a range of trading services and platforms.

 

Which trading platforms does AvaTrade offer?

AvaTrade offers several trading platforms, including MetaTrader 4, MetaTrader 5, WebTrader, AvaOptions, DupliTrade, and ZuluTrade.

 

What are the main features of MetaTrader 4 (MT4)?

MT4 provides flexible and fast trading, one-click trading, automated trading through Expert Advisors (EAs), multiple timeframes, and various technical indicators and graphical objects.

 

Is MetaTrader 4 suitable for beginners?

Yes, MetaTrader 4 is suitable for both beginners and advanced traders, with user-friendly features and extensive resources for learning.

 

Overall Rating

Min Deposit

USD 100 

Regulators

ASIC, FSA, CBI,  BVI, FSCA, FRSA, ISA

Trading Platform

MT4, MT5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

When testing many MT4 Forex Brokers, I found that AvaTrade takes the lead. With the support, tools, and trading conditions on offer, it makes this possibly the best provider of the MT4 platform.

 

Exness Review

 

2. Exness

Exness is one of the world’s largest retail brokers, offering access to ultra-fast execution, instant withdrawals, and, 24/7 customer support. Exness offers traders a wide selection of trading platforms across desktop, Mobile, and Web. Trading Platforms on offer include:

 

  • MetaTrader 4
  • MetaTrader 5
  • Exness Trade App
  • Exness Terminal

 

and many more!

 

🔎 Broker🥇 Exness
📌 Year Founded2008
👤 Amount of Staff1,000+
👥 Amount of Active TradersOver 500,000
📍 Publicly TradedNone
🛡️ Regulation>CBCS,
CySEC,
FCA,
FSA,
FSC,
FSCA,
CMA
🌎 Country of RegulationMultiple
Safety and SecurityHigh
↪️ Account Segregation✅Yes
🚨 Negative Balance Protection✅Yes
📈 Investor Protection Schemes✅Yes
🅰️ Institutional Accounts✅Yes
🅱️ Managed AccountsNone
💴 Minor Account CurrenciesUSD,
EUR,
GBP,
AUD,
ZAR, etc.
💶 Minimum Deposit1 USD
⏰ Average
Deposit/Withdrawal
Processing Time
Instant to a
Few hours
💵 Fund Withdrawal FeeNone
📉 Spreads From0.0 pips
💷 CommissionsFrom $0 to
$3.5 per lot
🔢 Number of Base Currencies Supported80+
💳 Swap Fees✅Yes
📊 LeverageUp to 1:2000
💹 Margin RequirementsVariable based
on instrument
and leverage
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
⏲️ Order Execution TimeAverage
0.1 seconds
🖥️ VPS Hosting✅Yes
📊 CFDs Total100+
⭐ CFD Stock Indices10+
🍎 CFD Commodities5+
📈 CFD Shares70+
📉 Deposit OptionsBank Transfer,
Credit/Debit,
E-wallets,
Cryptocurrencies
📊 Withdrawal OptionsBank Transfer,
Credit/Debit,
E-wallets,
Cryptocurrencies
💹 Trading PlatformsMetaTrader 4,
MetaTrader 5,
Exness Trader
(Mobile)
💱 OS CompatibilityWindows,
macOS,
iOS,
Android,
Web
📌 Forex Trading ToolsEconomic Calendar,
Currency Converter,
Trading Calculators,
Tick History
🥰 Live Chat Availability24/7
💌 Support Email Addresssupport@exness.com
☎️ Support Contact NumberVaries by region
💙 Social Media PlatformsFacebook,
Twitter,
Instagram,
LinkedIn
✏️ Languages SupportedMultiple
📔 Forex Course✅Yes
📚 Webinars✅Yes
📒 Educational ResourcesArticles,
Video Tutorials,
How-To Guides
📑 Affiliate Program✅Yes
🗃️ Amount of PartnersThousands globally
🗄️ IB Program✅Yes
📇 Sponsors✅Yes
📏 Rebate Program✅Yes
📐 Cent or Micro Accounts✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 10

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

Trading Platform

MT4, MT5, Web Terminal, Trader App

Crypto

Yes

Total Pairs

100+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

MetaTrader 4

By choosing the MetaTrader 4 Trading Platform, users can trade CFDs on more than 200 instruments, including Forex, Metals, and, Energies.  The MT4 trading platform comes packed with multiple trading tools and notable features, including:

 

  • 6 types of Pending Orders
  • 30 Built-in Technical Indicators
  • 23 Analytical Objects
  • 2 Execution Types
  • Automated trading

 

Furthermore, Financial and data security is provided via the description of all communications between the server and the MT4 platform using 128-bit keys.

 

Overall Rating

Min Deposit

USD 10

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

Trading Platform

MT4, MT5, Web Terminal, Trader App

Crypto

Yes

Total Pairs

100+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Additional Trading Platforms

Aside from MT4, Traders will have access to a wide selection of trading platforms across desktop, Mobile, and Web.  Exness Trading Platforms include:

 

  • MetaTrader 4 & MetaTrader 5
  • Exness Trade App
  • MT4 Mobile & MT5 Mobile
  • Exness Terminal
  • MetaTrader WebTeriminal

 

Traders who choose to trade with the MetaTrader 5 trading platform will be met with the MetaEditior Tool. Hedging Tools, Fundamental Analysis plus 38 built-in indicators, 22 analytical tools, and 46 graphical objects.

 

Overall Rating

Min Deposit

USD 10

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

Trading Platform

MT4, MT5, Web Terminal, Trader App

Crypto

Yes

Total Pairs

100+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

 

✅ Pros❌ Cons
Well-regulated Limited portfolio
of financial
instruments offered
Several retail investor
accounts
limited number of
payment methods

 

Frequently Asked Questions

 

What is Exness?

Exness is one of the world’s largest retail brokers, known for ultra-fast execution, instant withdrawals, and 24/7 customer support.

 

Which trading platforms does Exness offer?

Exness provides a variety of trading platforms, including MetaTrader 4, MetaTrader 5, Exness Trade App, Exness Terminal, and others.

 

What can I trade using MetaTrader 4 (MT4) on Exness?

With MT4, you can trade CFDs on over 200 instruments, including Forex, metals, and energies.

 

What features does MetaTrader 4 offer?

MT4 includes 6 types of pending orders, 30 built-in technical indicators, 23 analytical objects, and supports automated trading.

 

Overall Rating

Min Deposit

USD 10

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

Trading Platform

MT4, MT5, Web Terminal, Trader App

Crypto

Yes

Total Pairs

100+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

When reviewing Exness as an MT4 Forex Broker, I found that the Standard Account has a low minimum deposit and spreads from as low as 1 Pip. Additionally, it supports the MT4 MultiTerminal platform and custom-built EAs on the app.

 

XTB Review

 

3. XTB

XTB is a leading Forex Services Provider with over 20 years of experience in the Financial Markets. XTB traders can choose between the MetaTrader4 and xStation Trading Platforms on desktop and mobile.

 

🔎 Broker🥇 XTB
📌 Year Founded2002
👤 Amount of StaffApproximately 2,000
👥 Amount of Active TradersOver 500,000
📍 Publicly Traded Warsaw Stock Exchange
(WSE)
📈 RegulationFCA,
KNF,
IFSC,
CySEC
🌎 Country of RegulationUK (FCA),
Poland (KNF)
📉 Account Segregation✅Yes
📊 Negative Balance Protection✅Yes
💹 Investor Protection Schemes✅Yes
🅰️ Institutional Accounts✅Yes
🅱️ Managed AccountsNone
💰 Minor Account CurrenciesMajor,
Minor
💴 Minimum DepositVaries by account type
⚡ Average
Deposit/Withdrawal
Processing Time
1-3 business days
💶 Fund Withdrawal FeeNone
📐 Spreads FromFrom 0.1 pips
💶 CommissionsVariable
💵 Number of Base
Currencies Supported
30+
💷 Swap Fees✅Yes
🔖 LeverageUp to 1:500
🏷️ Margin RequirementsVaries
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
🖇️ Order Execution TimeMilliseconds -
Seconds
🖥️ VPS HostingSelect accounts
📈 CFDs Total
Offered
Over 2,000
📉 CFD Stock IndicesMajor global indices
🍎 CFD CommoditiesOil, gold, etc.
📊 CFD Shares✅Yes
💴 Deposit OptionsBank transfer,
credit/debit,
e-wallets, etc.
💶 Withdrawal OptionsBank transfer,
credit/debit,
e-wallets, etc.
🖱️ Trading PlatformsxStation 5
⭐ OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️ Forex Trading ToolsCharting tools,
technical analysis
🥰 Live Chat Availability✅Yes
☎️ Customer Support Contact NumberVaries by region
💙 Social Media PlatformsTwitter,
Facebook,
LinkedIn,
Instagram
🚩 Languages SupportedMultiple languages
✏️ Forex Course✅Yes
📔 Webinars✅Yes
📚 Educational ResourcesArticles,
tutorials, etc.
🤝 Affiliate Program✅Yes
🫶 Amount of PartnersNumerous global partners
🫰🏻 IB Program✅Yes
🔖 Notable Events or Teams✅Yes
🏷️ Rebate Program✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 0

Regulators

FCA, CySEC, IFSC, KNF

Trading Platform

MT4, xStation

Crypto

Yes

Total Pairs

48

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

MetaTrader 4

XTB offers access to one of the world’s most popular trading platforms, MetaTrader4.  MetaTrader4 from XTB comes packed with the following features:

 

  • MT4 Strategy Tester
  • One-click dealing system
  • Automated Trading

 

and much, MUCH more!

 

Overall Rating

Min Deposit

USD 0

Regulators

FCA, CySEC, IFSC, KNF

Trading Platform

MT4, xStation

Crypto

Yes

Total Pairs

48

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Additional Trading Platforms

Aside from the MT4 trading platform, traders can select to trade with the XTB xStation 5 Trading Platform. The XTB xStation 5 Trading Platform is available on desktop and mobile, offering access to over 5800 instruments including CFDs for Forex, Crypto, and Commodities.

 

Overall Rating

Min Deposit

USD 0

Regulators

FCA, CySEC, IFSC, KNF

Trading Platform

MT4, xStation

Crypto

Yes

Total Pairs

48

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

 

✅ Pros❌ Cons
Award winning platformPoor email support
Negative balance protectionLimited product portfolio
Fast account openingNo Banking License

 

Overall Rating

Min Deposit

USD 0

Regulators

FCA, CySEC, IFSC, KNF

Trading Platform

MT4, xStation

Crypto

Yes

Total Pairs

48

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

In my opinion, XM is an excellent Forex Broker that offers the MT4 platform and a comprehensive how-to guide. Spreads start as low as 0.6 pips and trading is available across Forex, stock indices, precious metals, and energies.

 

Pepperstone Review

 

4. Pepperstone

Pepperstone is a popular Broker choice amongst Beginner traders, due to their focus on customer satisfaction and support. Traders will be able to choose from multiple trading platforms, including:

 

  • TradingView
  • MetaTrader4
  • MetaTrader5

 

and many more!

 

🔎 Broker🥇 Pepperstone
📌 Year Founded2010
👤 Amount of Staff300+
👥 Active Traders300,000+
📍 Publicly TradedNone
🛡️ RegulationASIC, BaFin,
CMA,
CySEC,
DFSA,
FCA,
SCB
🌎 Country of RegulationUK,
Australia,
Cyprus
Safety and SecurityHigh
🔃 Account Segregation✅Yes
🚨 Negative Balance Protection✅Yes
📊 Investor Protection Schemes✅Yes
🅰️ Institutional Accounts✅Yes
🅱️ Managed AccountsNone
💴 Minor Account Currencies✅Yes
💶 Minimum DepositNone
⏰ Average Deposit/Withdrawal Processing TimeDepends on method
💵 Fund Withdrawal FeeNone
⭐ Spreads From0.0 pips
💷 Commissions✅Yes
🔢 Number of Base Currencies Supported10+
💳 Swap Fees✅Yes
⏩ LeverageUp to 1:500
▶️ Margin RequirementsVaries
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
📈 Order Execution TimeUnder 30ms
📉 VPS Hosting✅Yes
📊 CFDs Total1200+
💹 CFD Stock Indices14+
🍎 CFD Commodities20+
💱 CFD Shares900+
🅰️ Deposit OptionsBank Transfer,
Credit/Debit Cards,
PayPal,
Neteller,
Skrill,
POLi
🅱️ Withdrawal OptionsBank Transfer,
Credit/Debit Cards,
PayPal,
Neteller,
Skrill,
POLi
🖱️ Trading PlatformsMetaTrader 4,
MetaTrader 5,
cTrader,
TradingView
💻 OS CompatibilityWindows,
macOS,
iOS,
Android,
Web-based
⚙️ Forex Trading ToolsAdvanced charting,
Autochartist,
TradingView integration,
Market Analysis
🩷 Customer SupportMultiple Channels
🥰 Live Chat Availability24/5
💌 Support Email Addresssupport@pepperstone.com
☎️ Support Contact Number+254 2038 93547/8/9
💙 Social Media PlatformsFacebook,
Twitter,
LinkedIn,
Instagram
↪️ Languages Supported20+
✏️ Forex Course✅Yes
📔 Webinars✅Yes
📚 Educational ResourcesArticles,
Videos,
Trading Guides,
eBooks
🤝 Affiliate Program✅Yes
📑 Amount of PartnersThousands globally
🗃️ IB Program✅Yes
🗄️ Sponsors Notable Events or Teams✅Yes
📇 Rebate Program✅Yes
⭐ Cent or Micro AccountsNone
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 10

Regulators

ASIC, FCA, CySEC, DFSA

Trading Platform

MT4, MT5, cTrader, TradingView, Pepperstone Platform

Crypto

Yes

Total Pairs

1000+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

MetaTrader 4

The MT4 trading Platform from Pepperstone offers a long list of notable features, including:

 

  • A Customizable Platform.
  • Build and run EAs using MetaQuotes Language 4 (MQL4).
  • Identify statistically significant market movements with Autochartist.
  • Access to 28 indicators and EAs.

 

Furthermore, Automated trading will allow traders to trade the markets 24/5 without any intervention.

 

Overall Rating

Min Deposit

USD 10

Regulators

ASIC, FCA, CySEC, DFSA

Trading Platform

MT4, MT5, cTrader, TradingView, Pepperstone Platform

Crypto

Yes

Total Pairs

1000+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Additional Trading Platforms

Aside from the MetaTrader4 Trading platform, traders will have a choice between the following Pepperstone Platforms:

 

Pepperstone Trading Platform:

The Pepperstone Trading Platform is a trading App that allows traders to switch between mobile and desktop trading effortlessly.  The Pepperstone Trading Platform is available on Browsers, Android, and, iOS, offering one-click trading, live stream prices, and trusted customer support.

 

Trading View:

Traders can connect directly to TradingView via their Pepperstone trading account via its integration with cTrader.  Tradingview allows traders to connect with the largest social trading network in the world and offers impressive charting technology.

 

MetaTrader 5:

MetaTrader 5 is the updated version of MetaTrader 4 and allows traders to enjoy faster processing and inbuilt indicators.

 

cTrader:

cTrader is a trusted copy trading platform that allows traders to control slippage and order fills with advanced cTrader features.

 

Overall Rating

Min Deposit

USD 10

Regulators

ASIC, FCA, CySEC, DFSA

Trading Platform

MT4, MT5, cTrader, TradingView, Pepperstone Platform

Crypto

Yes

Total Pairs

1000+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

 

✅ Pros ❌ Cons
Pepperstone ensures client fund security by keeping it in segregated accountsThere are additional fees applied to the Islamic account
Pepperstone is both a multi-regulated and multi-award-winning brokerThere are some leverage restrictions

 

Overall Rating

Min Deposit

USD 10

Regulators

ASIC, FCA, CySEC, DFSA

Trading Platform

MT4, MT5, cTrader, TradingView, Pepperstone Platform

Crypto

Yes

Total Pairs

1000+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Frequently Asked Questions

 

What is XTB?

XTB is a leading Forex services provider with over 20 years of experience in the financial markets, offering a variety of trading options.

 

Which trading platforms does XTB offer?

Traders at XTB can choose between MetaTrader 4 (MT4) and the proprietary xStation 5, both available on desktop and mobile.

 

What features does MetaTrader 4 (MT4) include?

MT4 offers features such as an MT4 strategy tester, a one-click dealing system, and automated trading capabilities.

 

How many instruments can I trade on xStation 5?

The xStation 5 platform provides access to over 5,800 instruments, including CFDs for Forex, cryptocurrencies, and commodities.

 

Overall Rating

Min Deposit

USD 10

Regulators

ASIC, FCA, CySEC, DFSA

Trading Platform

MT4, MT5, cTrader, TradingView, Pepperstone Platform

Crypto

Yes

Total Pairs

1000+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

According to my findings, Pepperstone offers leverage of up to 1:200 and spreads as low as 0.0 Pips. Pepperstone not only offers the MetaTrader 4 platform but also makes MT5 and cTrader available.

 

Tickmill Review

 

5. Tickmill

Tickmill is a market-leading Forex Services Provider that offers access to superior trading conditions, ultra-fast execution, and dedicated support.

 

🔎 Broker🥇 Tickmill
📌 Year Founded2014
👤 Amount of StaffApproximately 100
👥 Amount of Active TradersOver 100,000
📍 Publicly TradedNone
📈 RegulationFCA,
CySEC,
FSA
📉 Country of RegulationUK,
Cyprus,
Seychelles
📊 Account Segregation✅Yes
💹 Negative Balance Protection✅Yes
💱 Investor Protection Schemes✅Yes
🅰️ Institutional Accounts✅Yes
🅱️ Managed AccountsNone
💴 Minor Account Currencies5+
💶 Minimum Deposit$100
⚡ Average Deposit/Withdrawal Processing Time1-2 business days
withdrawals
💵 Fund Withdrawal FeeGenerally free
📌 Spreads From0.0 pips
(ECN accounts)
💷 CommissionsVariable
🔢 Number of Base Currencies SupportedOver 50
💳 Swap FeesApplicable.
Varies.
⭐ LeverageUp to 1:500
(Forex trading)
📍 Margin RequirementsVaries
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
🖥️ Order Execution TimeMilliseconds
💻 VPS HostingAvailable for a fee
📈 CFDs - Total Offered 80+
📉 CFD Stock Indices✅Yes
🍎 CFD Commodities✅Yes
📊 CFD Shares✅Yes
💴 Deposit OptionsBank transfer,
credit/debit,
e-wallets
💶 Withdrawal OptionsBank transfer,
credit/debit,
e-wallets
🖥️ Trading PlatformsMetaTrader 4 (MT4),
MetaTrader 5 (MT5)
💻 OS CompatibilityWindows,
macOS,
iOS,
Android
🖱️ Forex Trading ToolsAdvanced charting,
market analysis tools
Customer Support ✅Yes
🥰 Live Chat Availability✅Yes
☎️ Customer Support Contact Number+44 20 8089 0385
💙 Social Media PlatformsFacebook,
Twitter,
LinkedIn
⚙️ Languages Supported on Tickmill WebsiteEnglish,
Spanish,
German,
Arabic
↪️ Education and Research ✅Yes
📔 Forex Course✅Yes
✏️ Webinars✅Yes
📚 Educational ResourcesComprehensive
Resources
🤝 Affiliate Program✅Yes
🫶 Amount of PartnersNumerous
Worldwide
🫰🏻 IB Program✅Yes
⭐ Do They Sponsor Any Notable Events or Teams✅Yes
🎁 Rebate Program✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 100 

Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

MetaTrader4

Tickmill’s MT4 Platform is fully customizable and offers access to:

 

  • Advanced Technical Analysis
  • 50+ Indicators
  • One Click Trading

 

and much, MUCH more!

 

Overall Rating

Min Deposit

USD 100 

Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Additional Trading Platforms

Additional trading platforms made available by Tickmill include MetaTrader5 and the Tickmill Mobile App. The Tickmill MetaTrader5 trading platform supports 6 types of Pending orders, including Limit, Stop, and Stop-Limit, 38+ integrated Indicators, 21 timeframes, and multiple customizable charts.

 

Overall Rating

Min Deposit

USD 100 

Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

 

✅Pros❌Cons
Robust trading platformsCurrency conversion fees
Very high trust score No fixed spread accounts offered
Several convenient funding options The spreads are not the tightest

 

Overall Rating

Min Deposit

USD 100 

Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Frequently Asked Questions

 

What is Tickmill?

Tickmill is a market-leading Forex services provider known for offering superior trading conditions, ultra-fast execution, and dedicated support.

 

Which trading platforms does Tickmill offer?

Tickmill provides access to MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the Tickmill Mobile App for trading.

 

What features does Tickmill’s MetaTrader 4 (MT4) include?

Tickmill’s MT4 platform is fully customizable and includes advanced technical analysis tools, over 50 indicators, and one-click trading functionality.

 

How does MetaTrader 5 (MT5) differ from MT4 at Tickmill?

MT5 supports 6 types of pending orders, over 38 integrated indicators, 21 timeframes, and multiple customizable charts, providing enhanced trading capabilities.

 

Overall Rating

Min Deposit

USD 100 

Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

Aside from being user-friendly, I found that Tickmill offers low forex fees, free deposits/withdrawals, and, a fast and easy MT4 account registration process.

 

HFM Review

 

6. HF Markets

HF Markets is a global leader in online trading. Traders will have access to multiple bonus offers, account types, and trading platforms.

 

🔎 Broker🥇 HFM
📌 Year Founded2010
📍 Publicly TradedNone
Regulation and SecurityFCA
CySEC
FSCA
and other regionals
🌎 Country of regulationUK
Cyprus
South Africa
among others
↪️ Account Segregation✅Yes
🅰️ Negative balance protection✅Yes
🅱️ Investor Protection Schemes✅Yes
📈 Account Types and FeaturesMultiple
📉 Institutional Accounts✅Yes
📊 Managed Accounts✅Yes
💹 Minor account currenciesVarious
💱 Minimum Deposit5 USD
⏰ Avg. deposit processing timeInstant to a
few hours
⏱️ Avg. Withdrawal processing time1-3 business days
🪙 Fund Withdrawal FeeVaries depending
on the method
💰 Spreads from0.0 pips (depending
on account type)
💴 CommissionsVaries by account type
and instrument
💶 Number of base currencies25+
💵 Swap FeesVaries depending on
account type and
currency pair
⏹️ LeverageUp to 1:1000
(varies by account
and instrument)
⏯️ Margin requirementsDepends on leverage
and trading
instrument
☪️ Islamic account✅Yes
🆓 Demo Account✅Yes
⏺️ Order Execution TimeInstant to
milliseconds
🖱️ VPS HostingYes (for clients
meeting criteria)
📈 CFDs Total1500+
📉 CFD Stock Indices✅Yes
🍎 CFD Commodities✅Yes
📊 CFD Shares✅Yes
💷 Deposits and WithdrawalsTrusted Options
💳 Deposit OptionsBank transfer
Credit/debit cards
E-wallets
💸 Withdrawal OptionsBank transfer
Credit/debit cards
E-wallets
🖥️ Trading PlatformsPropietary platform
MT4
MT5
💻 OS CompatibilityWindows
Mac
iOS
Android
📌 Forex trading toolsCharting tools,
Economic calendar
Market news
🥰 Customer SupportVery responsive
🗯️ Live Chat✅Yes
💌 Support Emailsupport@hfmarkets.com
☎️ Support ContactVaries by Region
🐦 Social mediaFacebook
Twitter
LinkedIn
Instagram
📍 Languages SupportedMultiple
(including
English,
Spanish,
Arabic)
✏️ Educational ResourcesArticles
eBooks
Video tutorials
📔 Forex course✅Yes
📚 Webinars✅Yes
🫶 Affiliate program✅Yes
🫰🏻 IB Program✅Yes
🚩 Sponsor notable events/teamsVarious sports
teams and events
➡️ Rebate program✅Yes
🅰️ Cent Accounts✅Yes
🅱️ Micro Accounts✅Yes
😊 Suited to Beginners✅Yes
😎 Suited to Professionals✅Yes
⚡ Suited to Active Traders✅Yes
⭐ Suited to Scalpers✅Yes
🌞 Suited to Day Traders✅Yes
🚀Open an Account👉 Open Account

 

Overall Rating

Min Deposit

USD 0 

Regulators

CySEC, FCA, FSA, DFSA, FSCA, CMA

Trading Platform

MT4, MT5, HFM APP, HFM Copy Trading

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

MetaTrader 4

The MetaTrader4 trading Platform from HFM comes with multiple notable features, including automated trading and trading flexibility. Furthermore, CFD Trading is available on 250+ trading instruments and MT4 is available for any device.

 

Overall Rating

Min Deposit

USD 0 

Regulators

CySEC, FCA, FSA, DFSA, FSCA, CMA

Trading Platform

MT4, MT5, HFM APP, HFM Copy Trading

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Additional Trading Platforms

HFM additionally offers access to MetaTrader5 and HFM Trading App. MT5 offers multi-asset trading on 3000+ trading instruments, automated trading via EAs, and, exceptional customer support.

 

Overall Rating

Min Deposit

USD 0 

Regulators

CySEC, FCA, FSA, DFSA, FSCA, CMA

Trading Platform

MT4, MT5, HFM APP, HFM Copy Trading

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

 

✅ Pros❌ Cons
High-Trust ScoreSmall range of tradable assets
Low Min. DepositLimited Customer Support
MT4 and MT5Limited Base Account Currency
Proprietary PlatformWithdrawal Fee may apply
Premium Trader ToolsLimited Customer Support
Micro AccountTrading Fees higher than Average

 

Frequently Asked Questions

 

What is HF Markets (HFM)?

HF Markets is a global leader in online trading, offering a variety of bonus offers, account types, and trading platforms for traders.

 

Which trading platforms does HFM provide?

HFM offers access to MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the HFM Trading App.

 

What features does MetaTrader 4 (MT4) offer at HFM?

MT4 includes features such as automated trading, trading flexibility, and access to CFD trading on over 250 instruments.

 

How does MetaTrader 5 (MT5) differ from MT4?

MT5 supports multi-asset trading on over 3,000 instruments, offers automated trading via Expert Advisors (EAs), and provides exceptional customer support.

 

Overall Rating

Min Deposit

USD 0 

Regulators

CySEC, FCA, FSA, DFSA, FSCA, CMA

Trading Platform

MT4, MT5, HFM APP, HFM Copy Trading

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

HFM offers not one, but six different accounts on the MT4 platform. Additionally, Beginners can test the platform on its impressive Demo Account option.

 

Reviewed and Rated Oanda

 

7. Oanda

Oanda is an award-winning Forex Broker with over 25 years of experience in the Financial Markets. Oanda stands out due to its excellent customer care and transparent pricing.

 

🔎 Broker🥇 OANDA
📌 Year Founded1996
👤 Amount of Staff400+
👥 Publicly TradedNone
Regulation and SecurityVery High
🛡️ RegulationASIC,
BVI,
CFTC,
FCA,
FFAJ,
FSC,
IIROC,
MAS,
NFA
🌎 Country of RegulationUK,
Australia,
USA etc.
🔃 Account Segregation✅Yes
🚨 Negative Balance
Protection
✅Yes
📍 Investor Protection
Schemes
✅Yes
🅰️ Institutional Accounts✅Yes
🅱️ Managed Accounts✅Yes
💴 Minor Account CurrenciesMultiple, including
minor currencies
💶 Minimum Deposit0 USD
⏰ Avg. Deposit Processing TimeInstant to 1
business day
⏱️ Avg. Withdrawal Processing Time1-5 business
days
💵 Fund Withdrawal FeeVaries by method
💷 Spreads From0.0 pips
(varies by account
type)
💳 CommissionsNo commission for
standard accounts
💸 Number of Base Currencies40+
💲 Swap FeesVaries by
instrument and
position
⏹️ LeverageUp to 1:30 for
retail accounts
⏺️ Margin RequirementsVaries with leverage
and position
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
🖥️ Order Execution TimeInstant to a
few seconds
💻 VPS HostingAvailable upon
request
📈 CFDs Total Offered50+
📉 CFD Stock Indices✅Yes
🍎 CFD Commodities✅Yes
📊 CFD Shares✅Yes
🅰️ Deposit OptionsBank transfer,
credit/debit card,
e-wallets
🅱️ Withdrawal OptionsBank transfer,
credit/debit card,
e-wallets
🔖 Trading PlatformsFXTrade,
MetaTrader 4 (MT4),
MetaTrader 5 (MT5)
🏷️ OS CompatibilityWindows, macOS, iOS, Android
⚙️ Forex Trading ToolsAdvanced charting, analysis tools
▶️ Account TypesStandard,
Core,
Premium
🥰 Live Chat✅Yes
💌 Support EmailContact Form
☎️ Support ContactVaries by Region
🐦 Social MediaTwitter,
LinkedIn,
Facebook,
YouTube
🗯️ LanguagesEnglish,
Spanish,
Chinese
✏️ Forex Course✅Yes
📔 Webinars✅Yes
🫰🏻 Partnerships and Programs✅Yes
🫶 Affiliate Program✅Yes
🤝 IB Program✅Yes
🏆 Sponsor Notable Events/Teams✅Yes
💡 Rebate Program✅Yes
😊 Suited to Beginners✅Yes
😎 Suited to Professionals✅Yes
🧐 Suited to Active Traders✅Yes
💹 Suited to Scalpers✅Yes
🌞 Suited to Day Traders✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 0

Regulators

ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA

Trading Platform

MT5, TradingView, OANDA Mobile app

Crypto

Yes

Total Pairs

71

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

MetaTrader4

Oanda offers access to MT4 for Web, Desktop, and, Mobile on either Live or Demo accounts. Notable features include:

 

  • Automated trading strategies
  • Automatic chart pattern recognition tool
  • Advanced mobile and tablet charting
  • Free indicators and widgets

 

and much, MUCH more!

 

Overall Rating

Min Deposit

USD 0

Regulators

ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA

Trading Platform

MT5, TradingView, OANDA Mobile app

Crypto

Yes

Total Pairs

71

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Additional Trading Platforms

Additionally, traders can choose from the MetaTrader5 and fxTrade trading platforms. The fxTrade app offers access to a Customisable interface, Multi-asset product suites, and, One-click trading.

 

Overall Rating

Min Deposit

USD 0

Regulators

ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA

Trading Platform

MT5, TradingView, OANDA Mobile app

Crypto

Yes

Total Pairs

71

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

 

✅ Pros❌ Cons
Excellent trading platformsOnly FX and CFD available
Great research toolsNo stock exchange listing
User-friendlyCustomer support is not 24/7

 

Frequently Asked Questions

 

What is Oanda?

Oanda is an award-winning Forex broker with over 25 years of experience in the financial markets, known for its excellent customer care and transparent pricing.

 

Which trading platforms does Oanda offer?

Oanda provides access to MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary fxTrade trading platform.

 

What features does Oanda’s MetaTrader 4 (MT4) include?

MT4 at Oanda offers automated trading strategies, an automatic chart pattern recognition tool, advanced mobile and tablet charting, and free indicators and widgets.

 

Is MT4 available on different devices?

Oanda’s MT4 is accessible on web, desktop, and mobile devices, allowing for flexible trading options.

 

Overall Rating

Min Deposit

USD 0

Regulators

ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA

Trading Platform

MT5, TradingView, OANDA Mobile app

Crypto

Yes

Total Pairs

71

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

Oanda is a well-regulated Forex Broker that offers access to the MT4 platform and commission-free trading across various assets, including forex, commodities, indices, and bonds.

 

Octa Review

 

8. Octa

Octa, previously OctaFX, is a Forex Broker that offers convenient portfolio management, transparent trading conditions, and, helpful educational materials.

 

🔎 Broker🥇 Octa
📉 Regulation and LicensesCySEC,
MISA,
FSCA
🎁 Bonuses✅Yes
⏰ Support Hours24/7
📌 Year Founded2011
👤 Amount of Staff500+
👥 Amount of Active Traders1,000,000+
📍 Publicly TradedNone
🌎 Country of RegulationCyprus
🔃 Account Segregation✅Yes
🚨 Negative Balance Protection✅Yes
⚙️ Investor Protection SchemesInvestor Compensation Fund (ICF)
🅰️ Institutional Accounts✅Yes
🅱️ Managed Accounts✅Yes
💴 Minor Account Currencies✅Yes
💶 Minimum Deposit25 USD
⚡ Average Deposit/Withdrawal Processing Time1-3 business days
💵 Fund Withdrawal FeeNone
📈 Spreads From0.0 pips
💷 CommissionsNone
💳 Number of Base Currencies Supported40+
💰 Swap Fees✅Yes
📐 LeverageUp to 1:500
📏 Margin RequirementsVaries by
account type
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
⏰ Order Execution TimeVaries
🌐 VPS Hosting✅Yes
📈 CFDs - Total Offered200+
📉 CFD Stock Indices✅Yes
🍎 CFD Commodities✅Yes
📊 CFD Shares✅Yes
💴 Deposit OptionsBank transfer,
Credit/Debit,
eWallets
💶 Withdrawal OptionsBank transfer,
Credit/Debit,
eWallets
🖥️ Trading PlatformsMetaTrader 4,
MetaTrader 5,
OctaTrader
💻 OS CompatibilityWindows,
MacOS,
iOS,
Android
🖱️ Forex Trading ToolsEconomic calendar
🥰 Live Chat Availability✅Yes
☎️ Customer Support Contact NumberVaries by region
💝 Social Media PlatformsFacebook,
Twitter,
Instagram,
YouTube
↪️ Languages SupportedEnglish,
Arabic,
Chinese,
Indonesian
✏️ Forex Course✅Yes
📔 Webinars✅Yes
📚 Educational ResourcesTrading guides,
articles,
tutorials
🤝 Partnerships and Programs✅Yes
🫶 Affiliate Program✅Yes
👤 Amount of Partners1,000+
🫰🏻 IB ProgramYes
✈️ Do They Sponsor Any Notable Events or Teams✅Yes
Rebate Program✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 25

Regulators

CySEC, MISA, FSCA, FSC

Trading Platform

MT5, OctaTrader

Crypto

Yes

Total Pairs

52

Islamic Account

Yes

Trading Fees

No

Account Activation

24 Hours

 

MetaTrader 4

Octa offers access to the MetaTrader 4 trading platform across the Web, Android, Windows, and, macOS. The MT4 trading platform provides robust technology and tools for price change tracking, trend pattern recognition, and automated trading.

 

Overall Rating

Min Deposit

USD 25

Regulators

CySEC, MISA, FSCA, FSC

Trading Platform

MT5, OctaTrader

Crypto

Yes

Total Pairs

52

Islamic Account

Yes

Trading Fees

No

Account Activation

24 Hours

 

Additional Trading Platforms

Aside from MetaTrader 4, traders can choose between MetaTrader 5 and OctaTrader. The OctaTrader trading platform has the following notable features:

 

  • One-click trading
  • Seamless deposits and withdrawals
  • Terminal alerts and notifications
  • Access to regularly updated analytics

 

and much, MUCH more!

 

Overall Rating

Min Deposit

USD 25

Regulators

CySEC, MISA, FSCA, FSC

Trading Platform

MT5, OctaTrader

Crypto

Yes

Total Pairs

52

Islamic Account

Yes

Trading Fees

No

Account Activation

24 Hours

 

Pros and Cons

 

✅ Pros❌ Cons
High maximum leverageUS Clients not accepted
Low minimum depositLow asset selection

 

Frequently Asked Questions

 

What is Octa?

Octa is a Forex broker that provides convenient portfolio management, transparent trading conditions, and helpful educational materials for traders.

 

Which trading platforms does Octa offer?

Octa offers access to MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary OctaTrader platform.

 

What features does Octa’s MetaTrader 4 (MT4) include?

MT4 at Octa includes robust tools for price change tracking, and trend pattern recognition, and supports automated trading.

 

Is MT4 accessible on different devices?

Octa’s MT4 platform is available on the web, Android, Windows, and macOS, ensuring flexibility for traders.

 

Overall Rating

Min Deposit

USD 25

Regulators

CySEC, MISA, FSCA, FSC

Trading Platform

MT5, OctaTrader

Crypto

Yes

Total Pairs

52

Islamic Account

Yes

Trading Fees

No

Account Activation

24 Hours

 

Our Verdict

In my experience, the Best tool on offer to a Novis Trader is a Demo Account. Octa clients can test the MT4 Platforms and enjoy an extensive range of research and educational materials.

 

MetaTrader4 or MT4

 

What is MetaTrader4?

MetaTrader4 or MT4 is a trading platform used for trading Forex, analyzing the financial markets, and using expert advisors. MetaTrader 4 is a third-party trading platform that offers access to online trading in various financial markets, offering real-time price analysis, and, charting via a user-friendly interface.

 

What is MetaTrader4?

 

Factors to Consider When Choosing a MetaTrader 4 Broker

Multiple factors should be taken into consideration when choosing a MetaTrader 4 Forex Broker, the most notable of which include:

 

Fees and Commission

It is important to compare Broker Fees and Commissions before selecting an MT4 Forex Broker. Some Brokers may charge additional or higher Fees and Commissions.

 

Additional Trading Platforms

In addition to the MetaTrader 4 platform, selected Brokers will offer additional third-party or proprietary trading platforms and it is important to evaluate all features and functionalities on offer.

 

Account Types

Each Forex Broker will have its own set of account types, each with its features and possible benefits. Traders should select an account type based on their individual trading needs.

 

Customer Service

Having access to reliable and responsive customer support is a very important factor to consider when choosing an MT4 Forex broker, especially for Beginners.

 

Factors to Consider When Choosing a MetaTrader 4 Broker

 

In Conclusion

MetaTrader 4 is a popular online trading platform that offers trusted access to a wide range of tools and resources for traders.

 

You might also like:

 

 

Frequently Asked Questions

 

What is MetaTrader 4?

MetaTrader is a popular trading platform developed by MetaQuotes Software Corp. MetaTrader has two available options, MetaTrader 4 and MetaTrader 5.

 

Which is the most popular MT4 Broker Choice for Beginners?

According to research, HF Markets is the most popular MT4 Broker choice amongst beginners in forex trading.

 

Does MT4 Support Copytrading?

Yes, MT4 does support copy-trading through MT4 Trading Signals.

 

Does MT4 Support Automated Trading?

MT4 does support automated trading through the MT4 signal service.

 

Can I trade on MT4 without a broker?

No. Traders will need some form of Forex Trading account to access MT4, be it a live trading account or a demo account option.

 

Is the MetaTrader4 Platform free?

Yes, the MT4 Trading Platform is completely free to use.

Author Details

Picture of Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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