Use our comparison tables to compare the best Australian MT4 brokers authorised and regulated by the ASIC. Choose or switch to an MT4 broker that offers the most markets, best pricing and client security. MT4 trading carries a high level of risk and can result in losses that exceed your deposits. Featured brokers appear first.
Best Australia MT4 Brokers 2024
| AU MT4 Broker | MT4 Markets | Minimum Deposit | Our Rating | More Info |
|---|---|---|---|---|
 | 84+ | £100 | See Platform | |
 | 1,200 | £1 | See Platform | |
 | 578 | £100 | See Platform | |
 | 91 | £250 | See Platform | |
 | 200+ | £1 | See Platform | |
 | 2,100 | £1 | See Platform | |
 | 3,981 | £10 | See Platform |
Use our comparison tables to compare the best Australian MT4 brokers. Choose or switch to a CFD broker that offers the most markets, best pricing and client security.
City Index: Best Overall Australian MT4 Trading Platform
An excellent CFD trading platform with 12,000 markets 25 commodities, with spreads as low as 0.8 for gold trading and 0.3 for crude oil.
- Australia Address: City Index (StoneX): Suite 28/01 264 George St, Sydney NSW 2000, Australia
City Index MT4 Review
Name: City Index MT4
Description: Trade on Metatrader 4 with City Index and benefit from tight spreads, fast trade executions and unique trading tools. Download and explore automated trading strategies with Expert Advisors from FX Blue. Choose from nine different EAs to complement your trading style, including Sentiment Trader.
70% of retail investor accounts lose money when trading CFDs with this provider.
Summary
- MT4 markets available: 84+
- Minimum deposit: £100
- MT4 account types: CFDs & spread betting
- Equity overnight financing: 2.5% +/- SONIA
- Pricing: Shares 0.08%, FTSE 1, GBPUSD 0.9
Pros
- Spread betting
- Good pricing
- Backed by StoneX
Cons
- Limited market range
- Better signals and analytics on their main platform
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Pricing
(4)
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Market Access
(4)
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Online Platform
(4)
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Customer Service
(4.5)
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Research & Analysis
(4.5)
Overall
4.2Pepperstone: Great MT4 Trading Indicators In Australia
Has a very comprehensive package of automated trading tools on MT4.
- Australia Address: Pepperstone Group Limited, 727 Collins St Level 16, Tower One, Docklands VIC 3008, Australia
Pepperstone MT4 Review
Name: Pepperstone MT4
Description: With Pepperstone’s MT4 account you get 85 pre-installed indicators and 28 additional Smart Trader Tools where you can build and run your EAs using MetaQuotes Language 4 (MQL4) and identify statistically significant market movements with Autochartist.
75.6% of retail investor accounts lose money when trading CFDs with this provider.
Summary
- MT4 markets available: 1,200
- Minimum deposit: £1
- MT4 account types: CFDs, spread betting
- Equity overnight financing: 2.5% +/- SONIA
- Pricing: Shares 0.1%, FTSE 1, GBPUSD 0.9
Pros
- Good range of indicators
- Dedicated to MT4 & MT5
- Lots of international shares
- Spread betting
Cons
- Can be too complicated for beginners
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Pricing
(4.5)
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Market Access
(4.5)
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Online Platform
(4)
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Customer Service
(4)
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Research & Analysis
(3.5)
Overall
4.1IG: Best AU MT4 Platform For Large Traders
One of the largest global brokers operating in Australia with a vast selection of markets to trade with great liquidity.
- Australia Address: IG, 15/55 Collins St, Melbourne VIC 3000, Australia.
IG MT4 Review
Name: IG MT4
Description: IG’s MT4 package gives instant access to 18 free add-ons and indicators. Trade in sizes as small as 0.01 lots as a CFD or spread bet and get minimum spreads from just 0.6 pips on a host of forex pairs.
70% of retail investor accounts lose money when trading CFDs and spread bets with this provider.
Summary
- MT4 markets available: 91
- Minimum deposit: £250
- MT4 Account types: CFDs, spread betting, DMA, investing
- Equity overnight financing: 2.5% +/- SONIA
- Pricing: Shares 0.1%, FTSE 1, GBPUSD 0.6
Pros
- Backed by IG
- Spread betting i the UK
Cons
- Limited market range
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Pricing
(4)
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Market Access
(4)
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Online Platform
(4)
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Customer Service
(4)
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Research & Analysis
(4)
Overall
4CMC Markets: Low-cost Australian MT4 Broker
CMC Markets has good CFD sentiment tools and over 388 forex pairs to trade.
- Australia Address: Level 20, Tower 3, International Towers, 300 Barangaroo Ave, Barangaroo NSW 2000, Australia
CMC Markets MT4 Review
Name: CMC Markets MT4
Description: Competitive spreads on 175+ FX pairs, plus indices and commodities with no restrictions on scalping and no restrictions on minimum stop-loss or take-profit distances, or stop-loss and take-profit limits. Additional premium MT4 indicators and EAs, included at no cost on a London-located server.
74% of retail investor accounts lose money when trading CFDs with this provider.
Summary
- MT4 markets available: 200+
- Minimum deposit: £1
- MT4 account types: CFDs, spread betting
- Equity overnight financing: 2.9% +/- SONIA
- Pricing: Shares 0.1%, FTSE 1, GBPUSD 0.59
Pros
- Backed by CMC Markets
- Scalping
- Lots of premium indicators
Cons
- Limited market access compared to main platform
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Pricing
(4)
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Market Access
(4)
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Online Platform
(4)
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Customer Service
(4)
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Research & Analysis
(4)
Overall
4FAQs:
Here are the answers to the most commonly asked questions by people searching for the best Australian MT4 broker.
We have ranked Pepperstone as the best MT4 broker in Australia. Pepperstone has won our best MT4 broker award three years running now.
Yes MT4, is available in Australia. It is important that you only trade on MT4 through a broker regulated by the Australian regulator ASIC.
Yes, brokers can manipulate the markets they offer, and the pricing of the bid-offer spreads on MT4. However, they cannot manipulate the market to move one way or another.
Yes, MT4 is a good platform for Australian traders. It has a huge range of market access and is particularly good for traders who want to automate their trading strategy.
