MT4 or MetaTrader 4 is one of the most popular forex trading platforms in the world.
Spread betting companies that provide MT4 give clients the ability to upload and purchase custom indicators, then run automated trading strategies based on pre-set technical perimeters. Traders can also follow “Expert Advisors” and trade based on established FX strategies without the need to manually execute trades.
Metatrader also provides FX traders with around 400:1 margin, multi-chart capability, micro lot (small per point size), hedging tools, a mobile platform and “One Click Trading”
There are only a few spread betting brokers that provide access to MT4.
The Best Brokers offering Spread Betting on MT4 (Metatrader 4)
IG MT4 Spread betting
ETX Capital MT4 Spread Betting
ETX are one of the most established spread betting brokers. As well as their own platform, clients can trade FX, Index and commodities through MT4.
Core Spreads MT4 Spread Betting
Core Spreads are one of the newest MT4 brokers in the UK. Core Spreads objective to to provide the tightest spreads in the industry but offering an execution-only platform (i.e. now news, analysis, or trader tools). For spread bettors looking to reduce trading costs Core Spreads MT4 offer a simple, quick and easy to use trading platform. For new clients they also offer a 50% rebate on your first month’s trading costs (which is a bit like an uncapped welcome bonus (sort of)).
Other spread betting brokers that provide MT4.
Intertrader Direct provides access to MT4. An Intertrader direct accounts is aimed at the slightly more sophisticated customers than the white label of Capital Spreads, InterTrader. InterTrader (although a trading name of London Capital Group) is owned by bwin.party. They are listed on the LSE and also operate Bingo, Poker, Sports Betting and online Casinos.
One of the original and biggest spread betting brokers. City Index can provide access to the markets via MT4 as well as their own online platform.
If you are looking for superior liquidity and higher levels of regulatory protection it is always sensible to go with brokers headquartered in the UK and fully regulated by the FCA.
For more information on spread betting companies, you can compare them all here. If you want to actually convert one currency from another then you need a currency broker.
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Richard founded the Good Money Guide (previously Good Broker Guide) in 2015 and has been a broker for 20 years most recently at Investors Intelligence and previously a multi-asset derivatives broker at MF Global (Man Financial). Richard started his career working as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson) after interning on the NYMEX oil trading floor in New York and London IPE in 2001 & 2000.