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Reviews By
Richard Berry
- Updated
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.
| AU MT4 Broker | MT4 Markets | Customer Reviews | GMG Rating | More Info |
|---|---|---|---|---|
 | 84+ | See Platform | ||
 | 80 | See Platform | ||
 | 91 | See Platform | ||
 | 200+ | See Platform | ||
 | 2,100 | See Platform | ||
 | 1,200 | See Platform |
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.
City Index: Best Overall Australian MT4 Trading Platform
👍Featured👍
- CFD markets available: 84
- Minimum deposit: $1
An excellent MT4 broker with 84 markets 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
👍Featured👍
- CFD markets available: 1,200
- Minimum deposit: $1
Pepperstone as 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
Expert Review
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.
75.6% of retail investor accounts lose money when trading CFDs with this provider.
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.
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
- CFD markets available: 91
- Minimum deposit: $250
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.
Expert Review
Account: 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.
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
- Backed by IG
- Spread betting in 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
- CFD markets available: 200+
- Minimum deposit: $1
- Australia Address: Level 20, Tower 3, International Towers, 300 Barangaroo Ave, Barangaroo NSW 2000, Australia
Expert Review
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.
74% of retail investor accounts lose money when trading CFDs with this provider.
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.
- MT4 markets available: 200+
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
4AU 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.
