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Reviews By Richard Berry - Updated
| Name | Logo | MT4 Markets | Minimum Deposit | GMG Rating | Customer Reviews | CTA | Tag | Feature | Expand |
|---|---|---|---|---|---|---|---|---|---|
 | MT4 Markets 84 | Minimum Deposit $1 | GMG Rating | Customer Reviews | Visit Platform 74%–77% of retail CFD accounts lose money. | Featured Broker | Account Types:
| FOREX.com supports MetaTrader 4 (MT4), the popular forex trading platform used by millions of traders worldwide. MT4 offers advanced charting with 80+ indicators, automated trading through Expert Advisors, and one-click trading directly from charts. Traders can access their MT4 account across desktop, web and mobile devices, with fast execution and tools designed for analysing and trading forex markets. FOREX.com Expert Review: An Excellent All-Round Broker With Added Value Provider: FOREX.com Australia Verdict: FOREX.com is one of the largest forex brokers operating globally and owned by Nasdaq-listed institutional broker StoneX. FOREX.com offers traders access to 6,300+ assets including 80+ currency pairs, thousands of stocks, popular commodities, indices and cryptocurrencies (pro accounts only in AU, UK & EU). Australia Address: FOREX.com (StoneX): Suite 28/01 264 George St, Sydney NSW 2000, Australia Is FOREX.com a good Australian trading platform? Yes, we rate FOREX.com as one of the best and safest ways to trade in Australia due to it’s corporate ownership, regulation and pricing structure. Pricing: FOREX.com does not charge commission on trades as fees are built into the CFD spreads. CFD pricing is tight spreads on major forex pairs, starting from around 0.5 points on EUR/USD, with many FX trades commission-free. Professional traders can earn monthly cash rebates based on how much they trade, with rebates up to AU$20,000 per month. For non-share CFDs, traders receive around $4–$7 per $1m traded once monthly volumes exceed AU$50m, while share CFD traders can earn 10–20% commission rebates. Higher-volume traders may also qualify for custom Tier 3 “bespoke” rebates, agreed with their account manager. Market Access: Australian traders can access 6,300+ global CFD markets, including 80+ forex pairs, thousands of share CFDs, indices, commodities and cryptocurrencies. FOREX.com also offers extended hours trading on major US shares (24/5) and weekend crypto CFD trading, allowing traders to speculate on markets outside traditional hours. As well as standard CFD trading accounts, FOREX.com is one of the few brokers to also offer joint accounts, SMSF, trust and corporate accounts. Again making it suitable for more sohpisticated traders in Australia. App & Platform: FOREX.com provides a range of trading platforms, including its proprietary web and mobile apps, MetaTrader 4, and TradingView integration. The platforms feature advanced charting, technical indicators, custom watchlists, price alerts and performance analytics, making them suitable for both beginners and experienced traders. It’s especially good for advanced traders as unlike other brokers, you can execute VWAP and TWAP orders, if you have a large position to open and close and you don’t want to tip off the market. Customer Service: Customer support is available through a dedicated support team and relationship managers for higher-tier accounts, including Pro traders. Clients can also access account management assistance, platform support and educational guidance through webinars and platform tutorials. Research & Analysis: FOREX.com provides a solid suite of research tools including integrated market news, economic calendars, technical analysis tools and trading insights. The Trading Academy offers courses, webinars and strategy guides to help traders improve their understanding of markets and trading techniques. The products and services available to you at FOREX.com will depend on your location and on which of its regulated entities holds your account. Pricing may also vary depending on your region and the specific entity that manages your account. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Pros
Cons
Overall4.6 | |
| | MT4 Markets 100 | Minimum Deposit $1 | GMG Rating | Customer Reviews | Visit Platform 71.9% 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 4,500 | Minimum Deposit $1 | GMG Rating | Customer Reviews | Visit Platform Trading on leverage is high risk and is not suitable for everyone. Refer to our PDS and TMD at Capital.com. AFSL 513393. | Account Types:
| Capital.com Voted Best Trading Account In 2025Provider: Capital.com Verdict: Capital.com won the People’s Choice vote for “Best Trading Account” in the 2025 Good Money Guide Awards and “Best Trading App” in our 2023 awards as they have one of the most intuitive apps for trading the most popular markets globally. Capital.com was founded in 2016 and is a CFD trading platform broker with offices in the UK and around the world. Since then, they have grown to offer over 3,000 tradable assets to 100,000 monthly active clients. Is Capital.com any good for trading? Capital.com has a user friendly and intuitive trading platform and app, that gives access to the most popular financial markets with competitive spreads with the ability to reduce risk by decreasing your leverage. Trading via the app has always been capital.com’s forte, and in 202, it won our award for “best trading app” not in part due to the fact that the company CTO has extensive experience in building engaging apps like Candy Crush. What makes Capital.com different? Thumbs up, literally Do you know what one of the most impressive thing about Capital.com is? They put the buy and sell buttons at the bottom of the app. I don’t mean that in a facetious way, it’s genuinely a brilliant feature. This may not sound like much but it’s a good example of how Capital.com has integrated decades of analytics, experience, feedback and customer data into creating a very easy-to-use intuitive trading app from scratch. When Capital.com first became authorised by the FCA back in 2018, I visited their offices in London to have a chat about what they offer. The two main things we discussed were button placement and AI. Trading App But anyway, if you’ve updated your iPhone to the latest iOS you’ll notice that Apple has started moving things to the bottom of the screen, the search bar for instance. This is because, phones are getting bigger, and your thumb can’t reach the top of the screen if you are holding it with one hand. This is something that Capital.com figured out would make trading easier 5 years ago. I’ve just been through a bunch of other trading apps on my phone and still, amazingly enough, none of the other brokers have done this yet.
Capital.com was also the first to integrate artificial intelligence to help you improve your trading, they say, based on the Martingale theory. When I spoke to Chris Demetriou, the head of sales in the UK, he said that the system should give you prompts based on your previous trades. So for example, if you are about to do a trade that is similar to ones you have constantly lost on before, you should get a “are you sure you want to do this” notification. Leverage Control Everybody knows, that one of the main reasons people lose money when trading is overleverage. This could be either from not having enough free cash on account to give your position breathing space, or simply putting on trades that are too risky. One really good feature is that you can change your leverage based on asset class. The default leverage is the max that retail traders in the UK are permitted, but you can change this to 1:1 so you need to fully pay up for positions. A sensible thing to do if you are just getting started, which can help reduce excessive losses. As your experience grows you can increase your leverage accordingly. Hedging You can also set the platform to put on hedging positions, so you can be long and short the same thing at the same time. Why you ask? Well, it can help you run longer-term positions and short-term hedges. This in fact is the very point of CFDs. They were originally hedging tools, and still a good way to protect your long-term investment portfolio against short-term market corrections without having to close off your positions. Customer Support Customer support is pretty good too, you can get in touch via the chat widget on the platform, whatsapp or telegram. When I tested it I got a response within a minute and the issue I had was dealt with quickly (uploading ID to verify my account if you must know). TradingView You can’t trade from the charts, but when you have open positions they are overlayed along with your stops and limits, which you can move by dragging and dropping. But, if charting is your thing, you can join the other 78,000 Capital.com customers using and trading from TradingView. Proprietory Tech One thing I quite like though is that instead of relying on third-party software, the Capital.com trading platform is built in-house, and if you want something you can ask for it. For example, previously on the app you could see where an asset is as a percentage relative to the daily range. But, a customer asked, if you could see it in points too. So, that was quickly integrated so that you can now toggle between percentages and points. A small thing, but indicative of a broker that can do things and does do things, rather than just logging a helpdesk ticket. Refinitiv There are no trading signals on the platform or app, but you do get access to Refinitiv reports on US stocks, which give you a good overview of historic and potential future financial health. A good feature for those looking at slightly longer-term positions. Overnight funding Talking of long positions, or longer long positions, Capital.com also display quite clearly what your overnight financing rates are going to be on a daily basis. I’m sure this is a regulatory obligation anyway, but it’s done in a way that you can actually see what the price is, rather than an opaque formula. It gives a bit more transparency about how much a position is going to cost you. Investmate If you are new to trading, they have a stand-alone app called Investmate, which puts you through a series of bitesize courses that explain the financial markets. Capital.com also own currency.com if you fancy a punt on crypto, and shares.com so we can expect to see more comprehensive physical investing options soon. Pros
Cons
Overall4.5 | ||
| | MT4 Markets 51 | Minimum Deposit $250 | GMG Rating | Customer Reviews | Visit Platform 68% 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 68% of retail investor accounts lose money | Account Types:
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CMC Markets: Wide Range Of MT4 MarketsAccount: 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.
