| Name | Logo | MT4 Markets | Minimum deposit | GMG Rating | Customer Reviews | CTA | Feature | Expand |
|---|---|---|---|---|---|---|---|---|
 | MT4 Markets 80 | Minimum deposit $1 | GMG Rating | Customer Reviews | Account Types:
| FOREX.com’s MT4 offering provides a feature-rich trading platform with over 20 apps, integrated Reuters news, and automated trading via Expert Advisors. Traders can customise strategies, access thousands of indicators, and trade on desktop or mobile. VPS hosting supports 24/7 automation, though free access requires high monthly trading volumes. FOREX.com US Forex Trading Review: A dedicated US owned forex broker. Account: FOREX.com US Forex Trading Description: FOREX.com, is one of the largest forex brokers in the world and is now owned by NASDAQ listed institutional broker StoneX, Forex.com has been offering forex trading services to US residents since 2001, providing individuals and institutions with access to the foreign exchange market. Note: 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. Is FOREX.com available in the USA? Yes, you can trade with FOREX.com as a US resident in the USA. Forex.com are owned by NASDAQ-listed broker StoneX and are one of the few US forex brokers to be legally allowed to offer retail traders access to the forex markets. FOREX.com is a good choice for forex traders in the US who want added value through trading signals and post-trade analysis. It’s worth noting that spread-only & RAW Pricing are the available account types for clients based in the USA. However, CFDs, Metals, Crypto CFDs & Stocks CFDs are not available for clients based in the USA. One of the key features that make FOREX.com stand out above other forex brokers is Performance Analytics where you can see your post-trade history that helps traders improve their profitability. Raw Forex pricing FOREX.com has improved it’s Forex pricing and liquidity via what it calls a RAW pricing account which offers customers narrow or no bid-offer spreads. Raw prices are effectively the prices that FOREX.com receives from the market via its liquidity providers, and rather than marking these prices up before distribution, the prices are sent to customers directly. That means narrower spreads, with the typical bid-offer spread in EURUSD coming in at 0.00 pips and at 0.1 pips on AUDUSD. The typical spread is defined as the median spread available. Narrower spreads mean more trading opportunities and possibly many more profitable, and fewer loss-making trades. Scratching a trade becomes more economical if you are paying little or no spread, and there is a far lower hurdle to overcome before a trade moves into profit, as well. How do you get access to a RAW pricing account? To access the new RAW spreads service clients will need to apply for a RAW pricing account with FOREX.com, however as the noted economist Milton Friedman famously said: “There is no such thing as free lunch.” The narrow spreads on the RAW pricing account are offset by a US$7.00 commission per $100k traded. So if you trade 10 lots or $1.0 million worth of FX you pay $70.00 of commission, on both sides of the trade. FOREX.com traders can further reduce their overall trading expenses if they sign up for the firm’s Active Trader program, under which they can earn rebates of up to $10.00 per million traded. Is Raw forex pricing suitable for all traders? RAW pricing accounts may well make sense for those traders who have an active trading strategy and high trading volumes, but they won’t always be beneficial for other traders. So it’s important to crunch some numbers before you open one of these accounts. One way to decide if it’s for you is to look back over a couple of quarters of trading, working out what your average monthly turnover was, and what your expenses were over a monthly time frame, which, will give you a basis on which to compare accounts and charges. What’s the FOREX.com trading platform like? I really like it, I’ve used it a lot over the years, and I’ve seen it improve significantly. You can see me testing the platform in our 24-hour FOREX.com live trading demo.
Pros
Cons
Overall4.7 |
Why is MT4 so popular?
MetaTrader 4 is popular because it’s reliable, fast, and supported by thousands of brokers worldwide.
While best known for forex trading, MT4 users can also trade on indices, commodities, and crypto, depending on the broker.
Millions of traders still use it daily as MT4 is legitimate, still widely used and isn’t closing down, despite newer platforms like MT5.
Is MT4 free to use?
MetaTrader 4 (MT4) is free to download and use, but trading isn’t free as brokers charge spreads, commissions, and overnight fees.
To use MT4 legally in the US, you will need a regulated broker like FOREX.com, where the minimum deposit is $100, but they recommend a minimum account balance of $2,500 to manage risk, diversified positions and leverage.
For beginners, it’s a good trading platform because of its speed, reliability, and automated trading (the EAs are why most people use MT4). One of the key advantages of MT4 is the demo account, which lets you test trading on MT4 for free.
Is MT4 available in the US?
- Yes, MetaTrader 4 is available in the USA, but only through heavily regulated brokers like FOREX.com (owned by StoneX). US citizens can legally trade forex, but only with CFTC/NFA-regulated brokers.
- It’s not possible to use MT4 in the US without a broker who will handle trade execution, counterparty risk, and margin.
- Brokers also handle deposits and withdrawals through bank transfer, card, or e-wallet, as you cannot deposit money directly into MT4.
Is MT4 in the app store?
Yes, you can download MetaTrader 4 from the Apple App Store. It was removed in 2022 due to compliance concerns around unregulated brokers misusing the platform, not because MT4 itself is illegal.
MetaQuotes wasn’t “banned” globally, and later returned to iOS, and MT4 isn’t being discontinued and remains one of the most popular trading platforms globally. One issue was that MetaQuotes is a Cyprus-based company with Russian origins.
However, MT4 is legitimate in the US if used through a regulated broker like FOREX.com.
