-
Reviews By
Richard Berry
- Updated
| Name | Logo | MT4 Markets | Minimum Deposit | GMG Rating | Customer Reviews | CTA | Feature | Expand |
|---|---|---|---|---|---|---|---|---|
 |
MT4 Markets 84 |
Minimum Deposit $1 |
GMG Rating |
Customer Reviews |
Visit Platform 71% of retail investor accounts lose money |
Account Types:
|
An excellent MT4 broker with 84 markets with spreads as low as 0.8 for gold trading and 0.3 for crude oil.
City Index: Best MT4 Broker For Trading Signals And AnalyticsProvider: City Index MT4 Verdict: 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.
Is MT4 available on City Index? Yes, City Index does offer MT4, but functionality and market access is not as good as their main proprietary trading platform or some of their MT4 competitors like Pepperstone. You can only trade around 84 markets on MT4 through City Index and there are better brokers for trading on MT4. But if you just want to trade the major markets, City Index is a good broker for MT4 based on their regulation, service and pricing. Pros
Cons
Overall4.2 |
|
 |
MT4 Markets 100 |
Minimum Deposit $1 |
GMG Rating |
Customer Reviews |
Visit Platform 75.3% of retail investor accounts lose money |
Account Types:
|
Pepperstone as a very comprehensive package of automated trading tools on MT4.
Pepperstone Wins Best MT4 Broker 2025 Account: 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. Does Pepperstone use MT4? Yes, MT4 is one of Pepperstone’s primary trading platforms. However, they are building their own trading in-house and also offer cTrader and MT5. Pepperstone won “Best MT4 Broker” in the 2025 Good Money Guide Awards. Pros
Cons
Overall4.1 |
|
 |
MT4 Markets 51 |
Minimum Deposit $250 |
GMG Rating |
Customer Reviews |
Visit Platform 71% of retail investor accounts lose money |
Account Types:
|
One of the largest global brokers operating in Australia with a vast selection of markets to trade with great liquidity.
IG: Good MT4 Broker For Larger TradersAccount: 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. Does IG work with MT4? Yes, you can use MT4 with IG, but you are limited to only a few markets. If you are going to use MT4 as your main trading platform specialist MT4 brokers like Pepperstone give you access to more markets. However, one of the key advantages to trading on MT4 with IG is their experienced development team for helping implement strategies and how well-capitalised IG are as a business. Pros
Cons
Overall4 |
|
 |
MT4 Markets 338 |
Minimum Deposit $1 |
GMG Rating |
Customer Reviews |
Visit Platform 70% of retail investor accounts lose money |
Account Types:
|
CMC Markets: Wide Range Of MT4 Markets Account: 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. Does CMC Markets have MT4? Yes, and it’s actually quite a good offering, compared to other mainstream brokers like IG who also have their own in-house platform. You get 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. Pros
Cons
Overall4 |
Good Money Guide Shortlisted Our Featured MT4 Brokers Based On:
- Over 30,000 votes and reviews in the annual Good Money Guide awards
- Our team’s experiences testing the Australian MT4 trading platforms with real money
- In-depth comparison of the features that make these AU MT4 brokers the best
- Exclusive interviews with the MT4 brokers CEOs and senior management
- Find out more about our review process in the How We Test Providers page.
AU MT4 Broker FAQs:
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.
