You cannot trade on MT4 or MT5 provided by MetaQuotes with Interactive Brokers, IBKR only provides access to their proprietary platforms. Which, in my opinion, are much better than MT4 anyway. Interactive Brokers has some of the most advanced trading platforms for API, algo and automated trading, including excellent execution features like scale trader, VWAP orders, options strategy builders and direct market access.
However, one thing that IBKR does not offer on their platforms is MT4 pool of expert advisors and pre-built indicators. So, if you are looking for a good broker to automate your trading, you can compare the best MT4 brokers for market access and customer reviews below:
| MT4 Broker | MT4 Markets | Indicators /Add Ons | MT5 | Spread Betting | Customer Reviews | More Info |
|---|---|---|---|---|---|---|
 | 84+ | 64 | ✔️ | ✔️ | (Based on 124 reviews) | See Platform 71% of retail investor accounts lose money |
 | 91 | 18 | ✔️ | ✔️ | (Based on 678 reviews) | See Platform 71% of retail investor accounts lose money |
 | 1,200 | 100 | ✔️ | ✔️ | (Based on 86 reviews) | See Platform 75.3% of retail investor accounts lose money |
 | 200+ | 12 | ✔️ | ✔️ | (Based on 148 reviews) | See Platform 70% of retail investor accounts lose money |
 | 2,100 | n/a | ✔️ | ✔️ | (Based on 136 reviews) | See Platform75% of retail investor accounts lose money |
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
You can contact Richard at richard@goodmoneyguide.com
