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Best MetaTrader 4 Brokers of 2024

Steven Hatzakis

Written by Steven Hatzakis, Blain Reinkensmeyer
Edited by John Bringans
Fact-checked by Joey Shadeck

January 23, 2024

ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's how we test.

Having used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for more than a decade, I wanted to create a comprehensive guide for traders. In this guide, I will break down the best brokers for MetaTrader 4 and MetaTrader 5, and answer the most common questions about the trading platform.

This guide starts with basics that will help beginners and then progresses to more advanced topics, such as social copy trading and using automated trading systems.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best MetaTrader (MT4) Brokers

  • IC Markets - Best overall for MetaTrader
  • FP Markets - Full MetaTrader suite, highly-competitive pricing
  • Pepperstone - MetaTrader suite with add-ons
  • CMC Markets - MetaTrader suite, add-ons, excellent pricing
  • FOREX.com
    - Excellent all-round offering
  • FxPro - Great for MetaTrader and algo trading
  • Tickmill - Best overall broker for low costs
IC Markets
4.5/5 Stars 4.5 Overall

Best overall for MetaTrader

Minimum Deposit$200
Trust Score84
Tradeable Symbols (Total)3583

IC Markets’ MetaTrader offering includes an impressive range of third-party research and trading tool plugins; they’ll need to be installed separately, but their ability to enhance the MetaTrader experience helped IC Markets earn our award for the #1 MetaTrader broker in our 2024 Annual Awards. Read full review

Pros
  • Consistently excellent MetaTrader broker
  • Great automated copy trading strategies
  • Competitive pricing
Cons
  • Research and education are limited
  • Regulated primarily by one Tier-1 regulator (in Australia)
FP Markets
4.5/5 Stars 4.5 Overall

Full MetaTrader suite, highly-competitive pricing

Minimum Deposit$100 AUD
Trust Score87
Tradeable Symbols (Total)10000

FP Markets offers a versatile MetaTrader experience, albeit without advanced research and educational content. Highly-competitive pricing can be found through its MetaTrader offering, making it one of the most cost-competitive brokers – at least for its commission-based ECN account. Read full review

Pros
  • Very competitive spreads
  • Industry-leading pricing on MetaTrader
Cons
  • Room for improvement in education
  • Mobile trading app lacks features offered by industry leaders
Pepperstone
4.5/5 Stars 4.5 Overall

MetaTrader suite with add-ons

Minimum Deposit$200
Trust Score95
Tradeable Symbols (Total)2342

Pepperstone’s dual offering of MetaTrader and cTrader is a great fit for algorithmic traders and copy traders, and its wide range of available third-party tools and plugins enhances its already-impressive suite of available platforms. Read full review

Pros
  • Large selection of third-party copy trading platforms
  • Competitive pricing for active traders using Razor accounts
Cons
  • Selection of markets trails industry leaders
  • No interactive courses, progress tracking or educational quizzes
CMC Markets
5/5 Stars 5.0 Overall

MetaTrader suite, add-ons, excellent pricing

Minimum Deposit$0
Trust Score99
Tradeable Symbols (Total)12074

CMC Markets delivers a terrific trading experience with excellent pricing and nearly 12,000 tradeable instruments. Though CMC Markets’ MetaTrader offering has fewer tradeable symbols, it’s enhanced by support for plugins from Autochartist and FX Blue. Read full review

Pros
  • Low trading costs
  • Excellent web and mobile platforms
  • Robust research materials
Cons
  • Educational offering could be improved
FOREX.com
5/5 Stars 5.0 Overall

Excellent all-round offering

Minimum Deposit$100
Trust Score99
Tradeable Symbols (Total)5500

FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader. Read full review

Pros
  • Multiple high-quality platforms
  • Excellent market research
  • Wide range of markets
Cons
  • Only about 600 instruments are available on the MT5 platform, compared to over 4,500 on non-MetaTrader platforms
Visit Site

A Global Market Leader!

(Trading forex carries a high level of risk.)

FxPro
4.5/5 Stars 4.5 Overall

Great for MetaTrader and algo trading

Minimum Deposit$100
Trust Score90
Tradeable Symbols (Total)2249

FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions). Read full review

Pros
  • Robust platform offerings
  • Clean execution of large orders
Cons
  • Pricing trails industry leaders
  • Proprietary platform can't compete with the best
Tickmill
4.5/5 Stars 4.5 Overall

Best overall broker for low costs

Minimum Deposit$100
Trust Score83
Tradeable Symbols (Total)725

Tickmill is a run-of-the-mill MetaTrader broker that offers a limited selection of tradeable securities. The broker does offer very competitive commission-based pricing for professionals through its VIP and Pro accounts. Read full review

Pros
  • Highly competitive pricing
  • Above-average research and education offerings
Cons
  • Small range of markets available for trading
Sponsored

MetaTrader 4 Brokers List

Here is a list of forex brokers that offer MetaTrader 4: Admiral Markets, ACY Securities, AvaTrade, BDSwiss, BlackBull Markets, City Index, CMC Markets, Capital.com, Eightcap Review, Forex.com, FP Markets, FXCM, FxPro, HYCM, HFM, IC Markets, IG, LegacyFX, OANDA, OctaFX, Pepperstone, Saxo Bank, Swissquote, Tickmill, TMGM, TopFX, Trade Nation, Trade 360, Vantage, VT Markets, XM Group, and XTB.

What is an MT4 broker?

Any broker that offers the MetaTrader 4 (MT4) trading software can be considered an MT4 broker. MetaTrader 4 and MetaTrader 5 (MT5) belong to a suite of trading platforms developed by MetaQuotes Software Corp. for mobile, web, and desktop computers.

A forex broker simply needs a proper license from the developer in order to offer MT4 to you as a customer. However, some forex brokers that offer MT4 may lack proper regulation in the countries in which they operate, thus it is important to only choose trustworthy MT4 brokers. See how we evaluate brokers' trustworthiness.

schoolNew to forex trading?

Check out our popular Beginner's Guide. You can also read my guide to the best free forex trading courses to jump-start your educational journey into the world of forex trading.

Is MetaTrader 4 a broker?

No. MetaTrader 4 is a third-party trading platform that connects to a broker for forex trading. MetaTrader 4 is the most popular third-party platform for trading forex. MT4 alternatives do exist; cTrader is another popular third-party trading platform. I've been using cTrader for over five years – check out my cTrader guide to learn more.

In addition to offering MetaTrader, some brokers also build their own custom in-house trading platforms. Based on our assessments of over 60 forex brokers, we've found that the best forex brokers also offer proprietary platforms.

wifiPro tip:

There is a web-based version of MT4 and MT5 available, though these are not offered by all brokers. It's important to note that the web version does not support automated trading.

Do I need a broker for MetaTrader 4?

Yes, you'll need to open a live trading account with a supporting broker if you want to place real trades within the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms. If you select a broker's server name from the dropdown menu when logging in (this applies to the version of the software downloaded directly from the developer), you can open an account with the broker of your choice and access live rates within MT4 or MT5.

MetaTrader does offer the use of a free demo account, which many traders use without connecting with a forex broker for conducting technical analysis on historical rates — but this won't include access to any live trading capabilities or updated market rates.

startGetting started with MT4

Choose the right broker for you that offers MT4 (or MT5), and then download the broker’s version of the platform directly from the broker’s website to start trading (or practicing with a demo account).

How do I set up a broker on MetaTrader 4?

Once you’ve chosen a forex broker, simply open and fund a brokerage account and then download the MetaTrader 4 software directly from your broker to start trading forex and CFDs. Most brokers also offer demo accounts that allow you to practice trading with virtual funds before graduating to live trading with real money.

Note: Always choose trustworthy brokers that are properly licensed and regulated to reduce your chances of dealing with a scam MetaTrader 4 broker. Scam brokers of all kinds have only become more sophisticated in recent years; check out my guide to common forex scams to learn more.

I’ve tested dozens of the best forex and CFD brokers and compiled a list of the best MetaTrader 4 brokers. Our top pick for MetaTrader in 2024 is IC Markets, which offers the full MetaTrader suite alongside competitive pricing, add-on trading tools, and quality market research. Check out our full-length review of IC Markets’ here.

warningPro tip:

I've been covering the forex industry for over twenty years, and I always recommend choosing a forex broker that is properly licensed and regulated. Our proprietary Trust Score can help you find a regulated, trustworthy broker – click here to learn how it works.

MetaTrader Platforms Comparison

Using data from our forex broker comparison tool, here's a comparison of the MetaTrader platforms offered by the best MT4 brokers.

Feature IC Markets logoIC Markets FP Markets logoFP Markets Pepperstone logoPepperstone CMC Markets logoCMC Markets FOREX.com logoFOREX.com FxPro logoFxPro Tickmill logoTickmill
Virtual Trading (Demo) info Yes Yes Yes Yes Yes Yes Yes
Proprietary Platform info No Yes No Yes Yes Yes No
Desktop Platform (Windows) info Yes Yes Yes Yes Yes Yes Yes
Web Platform info Yes Yes Yes Yes Yes Yes Yes
Social Trading / Copy Trading info Yes Yes Yes Yes No Yes Yes
MetaTrader 4 (MT4) info Yes Yes Yes Yes Yes Yes Yes
MetaTrader 5 (MT5) info Yes Yes Yes No Yes Yes Yes
DupliTrade info No No Yes No No No No
ZuluTrade info Yes No No No No No No
Charting - Indicators / Studies (Total) info 30 30 15 79 88 53 30
Charting - Drawing Tools (Total) info 15 15 30 40 239 25 15
Charting - Trade From Chart info Yes Yes Yes Yes Yes Yes Yes
Watchlists - Total Fields info 7 7 7 11 20 6 7
View More

Who created MetaTrader?

Founded in 2000, MetaQuotes Software Corp is the developer of MetaTrader4 (MT4) and MetaTrader5 (MT5) software. The MetaTrader suite, which is licensed by brokers and offered to traders, is one of the most widely-used trading platforms for retail forex and CFDs trading globally.

MetaQuotes Software Corporation

How many MT4 brokers are there?

MetaQuotes Software does not release any figures that reveal the number of brokers that use MT4. That being said, our research found that there are at least 3,006 (counted on mobile) MetaTrader 4 (MT4) servers, and an even larger number of MetaTrader 5 (MT5) servers globally. The number of actual brokers will be fewer than the number of servers, as many brokers will offer multiple servers in order to cater to different groups of clients and across various locations.

For example, a given broker may maintain one server in London and another in Australia, or a different server for each of their account types.

Is MetaTrader safe?

Yes, MetaTrader itself is safe – but it’s important to remember that MetaTrader is a software suite (developed by MetaQuotes Software), not a broker. When trading forex on MT4 or MT5, your level of safety will depend entirely on the trustworthiness of your broker, and any measures they’ve taken to safeguard their customers.

emoji_objectsRemember

Always choose MetaTrader brokers that are highly regulated in reputable jurisdictions. Even brokers that are not outright scams can use questionable dealing practices within the MetaTrader platform – such as providing poor execution and causing asymmetrical slippage. Check out our guide to avoiding forex scams to learn more.

What is the difference between MT4 and MT5?

MetaTrader 4 is based on a prior generation (version) of software, whereas MetaTrader 5 is the latest version. (For a deep dive into the differences between these two popular versions of the MetaTrader software, check out my MT4 vs MT5 guide).

In addition to CFDs and forex trading, MT5 can support stock trading and futures trading, making it more of a multi-asset platform. MT5 also includes advanced functions like utilizing cloud storage to run strategies and to conduct backtesting. With MT4, backtesting must be done locally or through a virtual private server (VPS).

MetaTrader5 Desktop Generic

While it looks and feels similar to MT4, MT5 is a faster, more modern trading platform. Check out our MetaTrader 5 guide to learn about the platform's advanced features and to get a behind-the-scenes look at mobile, web, and desktop versions of the platform.

Though MT4 is still more widely used, the number of MT5 servers recently surpassed the number of MT4 servers globally (it took only a decade). This is mainly because more MT4-only brokers continue to launch MT5, offering the full MetaTrader suite, in addition to increasing the range of trading products available on MT5.

Does MetaTrader 4 cost money?

MetaTrader 4 is completely free to use, whether you have a demo or live account. That said, you can still incur trading costs charged by your broker (or market-maker) in the form of spreads and commissions when you buy or sell securities such as forex and CFDs.

It can also cost money to hold trades overnight — known as carry charges or overnight rollover premiums — depending on the live account type you have (Sharia-compliant accounts are usually interest-free, but may incur other costs).

Does MetaTrader 4 take a commission?

The MT4 platform developer never charges you any commissions, but brokers can charge you commissions and spread fees from within the MT4 or MT5 platforms, depending entirely on the account type you open — which varies by broker.

Forex brokers may offer the MetaTrader 4 and MetaTrader 5 platforms for free, but will still charge fees for trading (regardless of the platform you choose). Whether your broker will charge you a commission, spread, or a combination of such trading costs depends entirely on the broker and its account offering.

How do you deposit and withdraw money from MT4?

To deposit and withdraw money from MetaTrader, you’ll use the methods available to you via your forex broker – these can vary depending on the broker and your country of residence. For withdrawals, you’ll need to complete an electronic withdrawal request through your broker’s website or client portal, or complete a withdrawal form provided to you by your broker and send it to them for processing. Note: If you have multiple trading accounts, remember to indicate which MT4 account you’ll be withdrawing from.

PayPal has become a popular method for depositing and withdrawing money from live forex trading accounts, and there are a number of highly rated, well-trusted forex brokers that support the use of PayPal. PayPal also has an extensive international presence and accepts a wide range of global currencies. Learn more about using PayPal by reading our guide to the best PayPal forex brokers.

What is the best broker for MetaTrader 5?

IC Markets is the best broker for MetaTrader 5 in 2024. IC Markets offers third-party platform plug-ins for MT5, as well as a robust order execution policy. Its low average spreads and commissions make it an ideal choice for algorithmic traders running the MT5 platform (IC Markets is also our top pick for MetaTrader 4, check out our full-length IC Markets review).

What are the top MetaTrader 5 brokers?

While MetaTrader 4 remains the more popular version of the developer’s retail forex trading platform, MetaTrader 5 features multiple upgrades and boasts some significant improvements on the MetaTrader software. To help those traders who want to make the leap to MT5, we've listed the best forex brokers for MT5:

  • IC Markets - Best overall for MetaTrader
  • Admiral Markets - MetaTrader suite, excellent trading tools
  • FP Markets - Full MetaTrader suite, highly-competitive pricing
  • FxPro - MetaTrader suite, average pricing
  • Pepperstone - MetaTrader suite with add-ons
  • CMC Markets - MetaTrader suite, add-ons, excellent pricing
  • Vantage - MetaTrader suite, great pricing for higher balances

MetaTrader charts

Both MetaTrader 4 and MetaTrader 5 provide an easy-to-navigate layout, with customizable templates that can control the appearance of default charts. While the numbers may vary, you'll generally find a few dozen different charting tools and technical indicators, providing traders with a good starting point for performing basic technical analysis. Traders can also save all their charts within their profile, so the entire workspace is backed up — including all trend lines and chart configurations.

Does MetaTrader support copy trading?

The signals market available on the MQL5 Community enables users to copy the live trades of approved signal providers. Also known as social copy trading, each signal provider charges a different subscription fee for access.

MQL5 Signals Market

content_copyLooking for copy trading brokers?

If you are want to copy forex trades from copy trading signal providers, you'll need to find a reliable forex broker. Check out my guide to the best brokers for copy trading to see my top choices for brokers that offer copy trading, or read my guide to the best trading signal providers.

Does MetaTrader support automated trading systems?

Yes. Expert Advisors, or EAs, are used in the MT4 and MT5 platforms to run automated trading systems. An EA will either be a modifiable copy of the original .MQ4 file that contains the source code, or it will be an .EX4 (executable) file of the same code, which cannot be modified or tampered with. The latter is often chosen by those who want to distribute their strategies without revealing their source code.

MQL IDE

Most EAs have a range of customizable parameters that let users specify the position size and risk/reward-related attributes, among other elements, that may be configured before automated trading is enabled.

Does MetaTrader support developers?

Today, MT4 and MT5 have extensive documentation, codebase, and articles to help developers create algorithmic trading systems. The MetaQuotes Language (MQL) syntax enables programmers to create automated scripts and trading systems.

The proprietary MQL language supports custom scripts, utilities, libraries, indicators, and automated trading strategies known as Expert Advisors (EAs). The MetaTrader developer ecosystem continues to evolve each year.

MQL5 Community

Does MetaTrader support backtesting?

Backtesting, or using historical data to assess how a strategy would have performed in the past, is an important part of assessing the quality of any automated trading system. With MT4 and MT5, backtesting enables traders to see how an EA would have performed over a historical period of time for a requested instrument (like a currency pair, for example).

When an EA is built and then tested on historical data for the first time, this is known as testing on out-of-sample data, which means the EA has never used these historical prices (in which case the result will not have the benefit of hindsight).

MT4 Backtest Result

What are the risks of backtesting?

While backtesting is used by traders, it is also used by the signal creators too. Some developers may optimize their strategies over a historical data set (i.e., run it multiple times over the past three months of EUR/USD tick data) on purpose, which can lead to curve-fitted results.

While there can be some benefits to optimizing a strategy using historical data, results of a curve-fitted strategy can be misleading as only the best trades are cherry-picked, and the results of forward-testing the same strategy can be significantly different. Therefore, forward-testing a strategy can be even more important than backtesting it, before the value of results can be assessed.

Is automated trading with MetaTrader risky?

Yes. Experts, which are automated trading systems in MT4 and MT5, are built by traders and rely on backtesting to prove their profitability. As the famous market adage says, "past performance is not indicative of future results." The problem with automated strategies is that they rely on the benefit of hindsight bias. The reality is that very few trading systems are profitable over the course of an entire year.

Therefore, while there can be pros to using an automated strategy, traders must be aware of the pitfalls and know how to assess any strategy before using it to manage their investment capital.

Here are several tips to help you select a good automated trading strategy:

  1. Research and learn the trading methodology (strategy) the expert advisor follows for its automated strategy.
  2. Backtest the strategy across multiple instruments/timeframes, if possible, and examine its historical performance (if available).
  3. Compare the subscription cost and historical performance to similar automated strategies.
  4. Once you decide on a strategy, test the strategy with a small amount of capital first, then slowly increase your investment size over time.

If you are interested in learning about algorithmic trading and automated high-frequency trading systems, check out our guide to high-frequency trading.

Who is the best broker for MT4?

To determine the best MetaTrader 4 brokers for 2024, we researched and tested each individual broker’s MetaTrader offering.

  • IC Markets - Best overall for MetaTrader
  • FP Markets - Full MetaTrader suite, competitive pricing
  • Pepperstone - MetaTrader suite with add-ons
  • FXCM- MetaTrader suite, great research
  • CMC Markets - MetaTrader suite, excellent pricing
  • Vantage - MetaTrader suite, great pricing for higher balances
  • Tickmill- Best overall broker for low costs

IC Markets is our top pick for best MT4 broker overall in 2024. It executes more trading volume than any other MetaTrader broker each month and offers the full MetaTrader suite alongside competitive pricing, add-on trading tools, and quality market research.

Is MetaTrader 4 only for trading forex?

The MetaTrader 4 (MT4) platform is predominantly used for forex trading. However, depending on the broker, MT4 often comes with a range of other symbols — such as CFDs on indices, commodities, futures, energies, and metals. If you’d like to learn more about how CFDs work – or you’d just like to see our list of the best CFD trading platforms – check out our full-length guide to the Best CFD Brokers and Trading Platforms.

What are "Expert Advisors" in MetaTrader?

When using MetaTrader platforms, such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5), there are automated trading systems known as Expert Advisors (EAs), or Experts for short. Experts are not humans. Rather, they are the automated trading systems created by traders to execute a trading strategy.

Final thoughts

When selecting a MetaTrader broker, traders should consider the trustworthiness of the broker (where and how it is regulated), the number of tradeable securities offered, pricing, customer service quality, and any available add-ons offered beyond the default MetaTrader experience.

All in all, MetaQuotes has proven itself to be a trusted leader in developing forex and multi-asset trading platforms for online forex brokers and retail traders globally.

To sign up for a live forex account or demo trading account with a MetaTrader broker that offers MT4 or MT5, see our list of reviewed brokers above to choose a broker that best suits your overall trading needs.

ForexBrokers.com 2024 Overall Rankings

Now that you've seen our picks for the best forex brokers for MetaTrader, check out the ForexBrokers.com Overall Rankings. We've evaluated over 60 forex brokers, using a testing methodology that's based on 100+ data-driven variables and thousands of data points. Check out our full-length, in-depth forex broker reviews.

Company Overall Rating Offering of Investments Commissions & Fees Platform & Tools Research Education Mobile Trading Trust Score Visit Site
IG logoIG 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 99 Visit Site
Interactive Brokers logoInteractive Brokers 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 99 Visit Site
Saxo Bank logoSaxo Bank 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 4/5 Stars 5/5 Stars 99
CMC Markets logoCMC Markets 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 4.5/5 Stars 5/5 Stars 99
FOREX.com logoFOREX.com 5/5 Stars 5/5 Stars 4.5/5 Stars 5/5 Stars 4.5/5 Stars 5/5 Stars 5/5 Stars 99 Visit Site
TD Ameritrade logoTD Ameritrade 5/5 Stars 5/5 Stars 4/5 Stars 5/5 Stars 4.5/5 Stars 4.5/5 Stars 5/5 Stars 99
City Index logoCity Index 5/5 Stars 5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 5/5 Stars 99
XTB logoXTB 5/5 Stars 5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 96
eToro logoeToro 4.5/5 Stars 5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 90
Swissquote logoSwissquote 4.5/5 Stars 5/5 Stars 3.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4/5 Stars 4.5/5 Stars 99
Capital.com logoCapital.com 4.5/5 Stars 4.5/5 Stars 5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 87
AvaTrade logoAvaTrade 4.5/5 Stars 4/5 Stars 4.5/5 Stars 4.5/5 Stars 4/5 Stars 5/5 Stars 4.5/5 Stars 94
Plus500 logoPlus500 4.5/5 Stars 4/5 Stars 4.5/5 Stars 4.5/5 Stars 4/5 Stars 3.5/5 Stars 4.5/5 Stars 99
OANDA logoOANDA 4.5/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 5/5 Stars 4/5 Stars 4.5/5 Stars 93
FXCM logoFXCM 4.5/5 Stars 3.5/5 Stars 4/5 Stars 5/5 Stars 4.5/5 Stars 4/5 Stars 4/5 Stars 95
Admirals logoAdmirals 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4/5 Stars 4/5 Stars 4.5/5 Stars 4/5 Stars 93
Pepperstone logoPepperstone 4.5/5 Stars 4/5 Stars 4.5/5 Stars 4/5 Stars 4.5/5 Stars 4/5 Stars 4/5 Stars 95
XM Group logoXM Group 4.5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 5/5 Stars 4.5/5 Stars 4/5 Stars 88
FP Markets logoFP Markets 4.5/5 Stars 4.5/5 Stars 5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 87
FxPro logoFxPro 4.5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4.5/5 Stars 90
IC Markets logoIC Markets 4.5/5 Stars 4.5/5 Stars 5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 84
Markets.com logoMarkets.com 4.5/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 96
Tickmill logoTickmill 4.5/5 Stars 3.5/5 Stars 5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 83
Fineco Bank logoFineco Bank 4.5/5 Stars 4.5/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 94
BlackBull Markets logoBlackBull Markets 4/5 Stars 5/5 Stars 4.5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 77
Vantage logoVantage 4/5 Stars 3.5/5 Stars 4.5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 90
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets) 4/5 Stars 4/5 Stars 4.5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 88
HFM logoHFM 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 86
ThinkMarkets logoThinkMarkets 4/5 Stars 4.5/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 92
FlowBank logoFlowBank 4/5 Stars 5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 80
DooPrime logoDooPrime 4/5 Stars 5/5 Stars 3/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 83
Trading 212 logoTrading 212 4/5 Stars 5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 79
BDSwiss logoBDSwiss 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 76
Trade Nation logoTrade Nation 4/5 Stars 3.5/5 Stars 4.5/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 85
TMGM logoTMGM 4/5 Stars 5/5 Stars 4/5 Stars 4/5 Stars 3/5 Stars 3.5/5 Stars 4/5 Stars 83
Moneta Markets logoMoneta Markets 4/5 Stars 4/5 Stars 4.5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 72
Eightcap logoEightcap 4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 85
MultiBank logoMultiBank 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 84
ACY Securities logoACY Securities 4/5 Stars 4/5 Stars 4.5/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 75
RoboForex (RoboMarkets) logoRoboForex (RoboMarkets) 4/5 Stars 5/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 3/5 Stars 4/5 Stars 71
VT Markets logoVT Markets 4/5 Stars 3.5/5 Stars 4.5/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 70
easyMarkets logoeasyMarkets 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 80
IronFX logoIronFX 4/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 83
Spreadex logoSpreadex 4/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 71
IFC Markets logoIFC Markets 4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 67
Trade360 logoTrade360 4/5 Stars 4/5 Stars 3/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 76
Octa logoOcta 4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 70
Axi logoAxi 4/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 3/5 Stars 4/5 Stars 3.5/5 Stars 81
TeleTrade logoTeleTrade 4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 3/5 Stars 4/5 Stars 71
GKFX logoGKFX 4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 65
Vestle logoVestle 4/5 Stars 3.5/5 Stars 3/5 Stars 4/5 Stars 3.5/5 Stars 3/5 Stars 4/5 Stars 78
FXOpen logoFXOpen 3.5/5 Stars 3/5 Stars 4/5 Stars 4/5 Stars 3/5 Stars 3/5 Stars 4/5 Stars 80
FXPrimus logoFXPrimus 3.5/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3/5 Stars 3.5/5 Stars 4/5 Stars 71
Forex4you logoForex4you 3.5/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 61
GBE brokers logoGBE brokers 3.5/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3/5 Stars 3/5 Stars 4/5 Stars 71
Alpari logoAlpari 3.5/5 Stars 3/5 Stars 4/5 Stars 4/5 Stars 3/5 Stars 3.5/5 Stars 4/5 Stars 68
TopFX logoTopFX 3.5/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3/5 Stars 3/5 Stars 4/5 Stars 67
Libertex (Forex Club) logoLibertex (Forex Club) 3.5/5 Stars 3.5/5 Stars 3/5 Stars 4/5 Stars 3/5 Stars 3/5 Stars 4/5 Stars 73
LegacyFX logoLegacyFX 3.5/5 Stars 3.5/5 Stars 3.5/5 Stars 3.5/5 Stars 3.5/5 Stars 3.5/5 Stars 3.5/5 Stars 67
FXGT.com logoFXGT.com 3.5/5 Stars 3/5 Stars 3.5/5 Stars 3.5/5 Stars 3/5 Stars 3/5 Stars 3.5/5 Stars 69
ATFX logoATFX 3.5/5 Stars 3.5/5 Stars 3/5 Stars 3.5/5 Stars 3/5 Stars 4/5 Stars 3.5/5 Stars 73
Xtrade logoXtrade 3.5/5 Stars 3.5/5 Stars 2.5/5 Stars 3/5 Stars 3/5 Stars 3.5/5 Stars 3/5 Stars 80

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Methodology

At ForexBrokers.com, our evaluations of online brokers and their products and services are based on our collected quantitative data as well as the qualitative observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the online forex brokerage industry, and we evaluate dozens of international regulator agencies (click here to learn about how we calculate Trust Score).

In order to assess the best brokers for traders looking to use the MetaTrader platform, we research and test each individual broker’s MetaTrader offering.

We examine a wide range of features and evaluate forex brokers based on our own data-driven MetaTrader-specific variables. We determine whether the broker offers the full platform suite offered by MetaQuotes Software Corp, and we look for a number of supplementary features that can distinguish MetaTrader broker offerings. Features that our researchers look for include custom Expert Advisors (Experts), the availability of the signals market, the ability to use VPN, number of account types and execution methods, among a host of other data-driven variables.

Browser-based MetaTrader platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running macOS 12.5 to test MetaTrader on the go. We also test MetaTrader on mobile devices; for Apple, we test using the iPhone XS running iOS 15, and for Android, we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 12.

All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Read our Generative AI policy to learn more.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Click here to learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.

About the Editorial Team

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Blain Reinkensmeyer
Blain Reinkensmeyer

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.

John Bringans
John Bringans

John Bringans is the Senior Editor of ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

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