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Richard Berry - Updated
MT4 brokers provide MetaQuotes’ MetaTrader4 (MT4) platform so you can speculate on financial markets. MT4 brokers have risen in popularity as the platform is considerably cheaper for a broker than developing proprietary technology.
| Name | Logo | MT4 Markets | MT4 Indicators | GMG Rating | Customer Reviews | CTA | Feature | Expand |
|---|---|---|---|---|---|---|---|---|
 | MT4 Markets 84+ | MT4 Indicators 64 | GMG Rating | Customer Reviews | Visit Platform 71% of retail investor accounts lose money | Account Types:
| City Index: Best MT4 Broker For Trading Signals And Analytics Provider: 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 84+ | MT4 Indicators 64 | GMG Rating | Customer Reviews | Visit Platform 78% of retail investor accounts lose money | Account Types:
| FOREX.com's MT4 Connection Lets You Automate Your FX Trading Account: FOREX.com MT4 Description: Trade on Metatrader 4 with FOREX.com 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. Can you use MT4 with FOREX.com? Yes, alongside FOREX.com’s own trading platform, you can execute trades and create strategies through MetaQuotes MT4 and MT5. When you trade on Metatrader 4 with Forex.com, you 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.
Pros
Cons
Overall4.8 | |
 | MT4 Markets 1,200 | MT4 Indicators 100 | GMG Rating | Customer Reviews | Visit Platform 75.3% of retail investor accounts lose money | Account Types:
| 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 91 | MT4 Indicators 18 | GMG Rating | Customer Reviews | Visit Platform 71% of retail investor accounts lose money | Account Types:
| IG: Good MT4 Broker For Larger Traders 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. 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 200+ | MT4 Indicators 12 | 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 | |
 | MT4 Markets 2,100 | MT4 Indicators n/a | GMG Rating | Customer Reviews | Visit Platform 75% of retail investor accounts lose money | Account Types:
| XTB: Good Platform For Multi-Asset MT4 Trading Provider: XTB MT4 Verdict: xStation is XTB’s main trading platform, but they also provide access to MT4. You do get access to a wide range of markets and pricing is tight. The key advantage of trading on MT4 through XTB, is that yo are trading MT4 through XTB, who are a well-established, regulated and publicly listed company. Summary XTB offer both MT4 and MT5 for their clients (you can’t trade via MetaQuotes without a broker), but the own xStation 5 platform is much better for the majority of beginner traders. To see how XTB’s MT4 offering compares to other brokers read our review below or see our best MT4 broker guide. Pros
Cons
Overall4 |
✅ Methodology: Our trading experts chose the best MT4 brokers based on:
- 30,000+ votes and reviews in the annual Good Money Guide Awards
- Our team’s own experiences testing MT4 brokers with real money
- An in-depth comparison of their stand-out features compared to alternative MT4 brokers
- Good Money Guide’s exclusive interviews with the MT4 broker CEOs and senior management
Best MT4 Broker For Beginners
CMC Markets is the best MT4 broker for beginners as they are well established, publicly listed on the LSE, and offer over 200 markets to trade. They are also backed up by an exceptional in-house trading platform which beginners may find more user-friendly and easier to use than MT4.
This comparison table shows which MT4 brokers offer beginner-friendly features:
| Beginner Features: |  |  |  |  |  |  |  |
|---|---|---|---|---|---|---|---|
| Trading Signals | ✔️ | ❌ | ✔️ | ✔️ | ✔️ | ✔️ | ❌ |
| Webinars | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| Seminars | ✔️ | ✔️ | ❌ | ✔️ | ✔️ | ✔️ | ✔️ |
| Leverage Control | ❌ | ❌ | ❌ | ❌ | ❌ | ❌ | ❌ |
| Low-Risk Products | ❌ | ❌ | ❌ | ✔️ | ✔️ | ❌ | ❌ |
| Investment Account | ❌ | ❌ | ❌ | ✔️ | ✔️ | ❌ | ❌ |
MT4 Brokers For Advanced & Professional Traders
Pepperstone is the best MT4 broker for experienced traders. They offer by far the most markets of all the MT4 brokers we feature (around 1,200), including UK, US and Australian shares. They also provide free technical indicators and automated trading strategies in their Smart Trader Tools package, a suite of expert advisor tools that help with trade execution and management.
The below comparison table shows which MT4 brokers provide advanced trader tools and access for sophisticated MT4 users.
| Advanced Features: |  |  |  |  |  |  |
|---|---|---|---|---|---|---|
| Voice Brokerage | ✔️ | ✔️ | ❌ | ✔️ | ❌ | ❌ |
| Corporate Accounts | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| Level-2 | ❌ | ❌ | ❌ | ✔️ | ✔️ | ✔️ |
| Algo Trading | ❌ | ❌ | ❌ | ✔️ | ✔️ | ❌ |
| Prime Brokerage | ❌ | ✔️ | ❌ | ✔️ | ❌ | ❌ |
Market Access & Added Value
MT4 is available from thousands of brokers and used by millions of traders every year. With so many brokers utilising the same platform, they must work hard to differentiate themselves and win business.
You can compare which UK MT4 broker is most suited to your trading in this matrix of account types and market access.
| MT4 Offering |  |  |  |  |  |  |
|---|---|---|---|---|---|---|
| Market Access | 84 | 200 | 1,200 | 91 | 578 | 2,100 |
| Minimum Deposit | £100 | £1 | £1 | £250 | £100 | £1 |
| CFD Trading | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| Spread Betting | ✔️ | ✔️ | ✔️ | ✔️ | ❌ | ❌ |
| Futures | ❌ | ❌ | ❌ | ❌ | ✔️ | ❌ |
So, what makes one MT4 broker better than another? The key questions you need to ask yourself when choosing an MT4 broker are:
- Where is the broker regulated? – In the UK this is the FCA
- How many markets do they offer on MT4? – Some brokers only offer 10 or so FX pairs which is not enough
- What types of trading account do they have? Spot FX, CFDs or financial spread betting
- What are trading costs? Some brokers include commission in the spread, while others add it post-trade
- Is there any added value on offer? Larger brokers offer free indicator packages, faster execution plus news and analysis
What Do You Need To Trade On MT4 & MT5?
FX and CFD traders who use either MT4 or MT5 can enable one-click trading in their charts. That puts bid and ask prices for a given instrument in the top left-hand corner of the chart.
To execute a market order in a predetermined size you set, simply click the bid or ask button as required. Be aware though there are no second chances with one-click dealing enabled. Click on the bid or the ask price and you have dealt in your preselected order size.
How Does Trading From Charts Work On MT4?
MT4 brokers who offer a ‘souped-up’ version of the Meta trader platforms give their customers access to add-ins such as Tick Chart Trader which allows you to place orders directly from a tick chart with has an order ticket within it.
The Tick charts themselves can be configured in a variety of formats and the add-in also supports hot-keys for trading such as B for Buy, S for sell and so on.
If you have access to the Mini Terminal which usually comes in the same package of add-ons as one click trading you can make use of smart lines which allows you to draw intelligent lines on chart.
Those lines can act as stop losses or take profits for full or partial orders and it’s also possible to use a time based line to close open positions at at specific point in the trading day.
✅ We Only Recommend FCA-Regulated MT4 Brokers
All online MT4 brokers that operate in the UK must be regulated by the FCA. The FCA is the Financial Conduct Authority and is responsible for ensuring that UK MT4 brokers are properly capitalised, treat customers fairly and have sufficient compliance systems.
Any broker recommended here is regulated by the FCA and is where your funds are protected by the FSCS (Financial Services Compensation Scheme).
MT4 Broker FAQs
Yes. One of the strongest and most popular features is the ability to trade automatically on MT4. The automatic trading feature has been active since 2006 and tens of thousands of traders have used the function. The automated trading is two-sided so you can either follow other traders via copy trading or upload your own code to the marketplace and sell it to potential followers in the MT4 marketplace where traders can buy robots & indicators. In the market place you’ll also find the complete array of MT4 signals and can search by filters to find a Forex trading signal.
EA stands for Expert Advisor. Automated Expert Advisors allow you to take positions automatically, based on pre-set trading parameters. You can program Expert Advisors to follow a very specific set of instructions, allowing your positions to be automatically opened and closed without you needing to be present. or you can buy them ready made.
No, Interactive Brokers does not offer MT4 instead they have their own suite of in house trading platforms and API connectivity, which they offer to their clients.
For MT4 and Expert Advisors you should be looking for execution speeds of sub 25-30 milliseconds. MT4 brokers are responsible for the price feeds and the infrastructure behind the scenes that actually execute the trades, so always choose a well-established broker with the free VPS.
Yes, Pepperstone will give clients a free VPS for trading on MT4, based on your traded volume.
A Virtual Private Server (VPS) allows you to use Expert Advisors (EAs) 24/7. The VPS means you no longer need your home computer continuously running for your EAs to execute trades, ensuring uninterrupted trading day and night. If the VPS provided is in close physical proximity to your brokers MT4 servers, then you will also benefit from much faster execution times, allowing you to catch that price before it changes.
Yes, you can but this feature must be enabled by your broker, and cannot be changed direct on the MT4 platform. Note that changing leverage levels on an account will affect existing open positions as well as new positions opened post the changes.
Yes, you can have two MT4 installs from the same broker although you will have to download the platform multiple times and specify a different destination folder for each version of the platform.
City Index, Pepperstone, CMC Markets and IG offer micro-lots for MT4 trading.
With MT4 you can choose to either trade in standard lots or micro-lots, which allows you to trade in smaller increments and limit your overall exposure.
The MT4 app was banned from Apple’s app store in September 2022 because of the volume of scam reports Apple received. This was due to the app being used in social media trading scams.
