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Best MetaTrader Brokers for 2022

Steven Hatzakis

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

November 10, 2022

The ForexBrokers.com annual forex broker review (six years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. 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 65% and 82% 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

2022 ForexBrokers.com annual review badge
  • 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
IC Markets
4.5 Stars Overall

Best overall for MetaTrader

Minimum Initial Deposit$200
Trust Score86
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 pick for best MetaTrader broker in our 2022 annual review. Read full review

Pros
  • No. 1 MetaTrader broker for 2022
  • Excellent automated copy trading strategies
  • Competitive pricing
Cons
  • Research and education are limited
  • Regulated primarily by one Tier-1 regulator (in Australia)
Admiral Markets
4.5 Stars Overall

MetaTrader suite, excellent trading tools

Minimum Initial Deposit$100
Trust Score87
Tradeable Symbols (Total)8425

Traders choose Admiral Markets (Admirals) for its excellent investor education and advanced MetaTrader features – such as the Supreme add-ons – alongside an extensive range of shares, forex and CFD markets, and premium research content. Read full review

Pros
  • Competitive pricing on the EUR/USD pair
  • Outstanding educational content
  • Wide selection of 8,425 tradeable symbols
Cons
  • Narrower range of symbols for the Admiral Prime account (MT5)
  • Admiral Markets App is relatively unsophisticated
FP Markets
4.5 Stars Overall

Full MetaTrader suite, highly-competitive pricing

Minimum Initial Deposit$100 AUD
Trust Score86
Tradeable Symbols (Total)9956

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
FxPro
4.5 Stars Overall

MetaTrader suite, average pricing

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

Though it’s a pricier option, FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. For traders that choose MetaTrader’s suite of platforms, FxPro offers over 400 CFDs, including forex, shares, indices, metals, and cryptocurrencies. 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
Pepperstone
4.5 Stars Overall

MetaTrader suite with add-ons

Minimum Initial Deposit$200
Trust Score93
Tradeable Symbols (Total)1200

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 Stars Overall

MetaTrader suite, add-ons, excellent pricing

Minimum Initial Deposit$0
Trust Score99
Tradeable Symbols (Total)12377

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
  • MT4 offering limited to 62 symbols
Vantage
4 Stars Overall

MetaTrader suite, great pricing for higher balances

Minimum Initial Deposit$50
Trust Score83
Tradeable Symbols (Total)257

Vantage rounds out its MetaTrader platform suite offering with TradingView integration, as well as support for multiple social trading platforms and content powered by Trading Central. That being said, Vantage trails industry leaders in key areas such as research and education. Read full review

Pros
  • Ranks among best MetaTrader brokers
  • Multiple copy trading platforms
Cons
  • Trails industry leaders in apps and research
  • Education falls short

MetaTrader 4 Brokers List

Here is a list of forex brokers that offer MetaTrader 4: Admiral Markets, ACY Securities, ADS Securities, AvaTrade, BDSwiss, BlackBull Markets, City Index, CMC Markets, Capital.com, Darwinex, Dukascopy, easyMarkets, Eightcap Review, ETX Capital, Forex.com, FP Markets, FXCM, FxPro, HYCM, HFM, IC Markets, IG, LegacyFX, Markets.com, 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.

schoolPro tip:

New to forex trading? Check out our popular Beginner's Guide. We'll help you pick a great forex broker for beginners, and help you learn the forex basics to start you on your forex trading journey on the right foot.

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, and cTrader is an example of another popular trading platform.

In addition to offering MetaTrader, some brokers also build their own custom in-house trading platforms. Based on assessing 39 brokers in our 2022 Review, 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?

You can't place any real trades within the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms unless you open a live account with a supporting broker. 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. It is important to only choose trustworthy brokers that are properly licensed and regulated, to reduce your chances of dealing with a scam MetaTrader 4 broker.

We’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 2022 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:

To reduce your chances of dealing with a scam MetaTrader 4 broker, make sure you’ve chosen 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 CMC Markets logoCMC Markets FP Markets logoFP Markets Admiral Markets logoAdmiral Markets IC Markets logoIC Markets Pepperstone logoPepperstone FxPro logoFxPro Vantage logoVantage
Virtual Trading (Demo) Yes Yes Yes Yes Yes Yes Yes
Proprietary Platform Yes Yes Yes No No Yes Yes
Desktop Platform (Windows) Yes Yes Yes Yes Yes Yes Yes
Web Platform Yes Yes Yes Yes Yes Yes Yes
Social Trading / Copy Trading Yes Yes Yes Yes Yes Yes Yes
MetaTrader 4 (MT4) Yes Yes Yes Yes Yes Yes Yes
MetaTrader 5 (MT5) No Yes Yes Yes Yes Yes Yes
DupliTrade No No No No Yes No Yes
ZuluTrade No No No Yes No No Yes
Charting - Indicators / Studies (Total) 84 30 30 30 15 76 30
Charting - Drawing Tools (Total) 40 15 15 15 30 22 15
Charting - Trade From Chart Yes Yes Yes Yes Yes Yes Yes
Watchlists - Total Fields 9 7 7 7 7 19 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. IC Markets alone has dozens of servers, and it's no surprise they are the largest MetaTrader broker by volume in 2022.

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.

For example, a scam broker recently used the MetaTrader platform to perpetrate fraud, which prompted Apple’s App Store to remove both the MetaTrader 4 and MetaTrader 5 apps while the matter is investigated.

emoji_objectsRemember

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 – to the detriment of customers. Always choose MetaTrader brokers that are highly regulated in reputable jurisdictions.

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. 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.

What is the best broker for MetaTrader 5?

IC Markets is the best broker for MetaTrader 5 in 2022. 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

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.

Who is the best broker for MT4?

The best MetaTrader 4 brokers in 2022 are based on our assessment of the retail forex industry conducted during our 6th annual review of the best online forex brokers.

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

IC Markets is our top pick for best MT4 broker overall in 2022. 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.

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.

Summary

Here's a summary of the best forex brokers for MetaTrader.

best forex brokers for MetaTrader

ForexBrokers.com 2022 Overall Rankings

In addition to our top seven brokers for MetaTrader, here are the Overall rankings for all 39 online brokers who participated in our 2022 Annual Review, sorted by Overall ranking.

Company Overall Rating Offering of Investments Commissions & Fees Platform & Tools Research Education Mobile Trading Trust Score Visit Site
IG logoIG 5 Stars 5 Stars 5 Stars 5 Stars 5 Stars 5 Stars 5 Stars 99 Visit Site
Saxo Bank logoSaxo Bank 5 Stars 5 Stars 5 Stars 5 Stars 5 Stars 4 Stars 5 Stars 99
CMC Markets logoCMC Markets 5 Stars 5 Stars 5 Stars 5 Stars 5 Stars 4.5 Stars 5 Stars 99
Interactive Brokers logoInteractive Brokers 5 Stars 5 Stars 5 Stars 5 Stars 5 Stars 4.5 Stars 5 Stars 99 Visit Site
TD Ameritrade logoTD Ameritrade 5 Stars 5 Stars 4 Stars 5 Stars 5 Stars 4.5 Stars 5 Stars 99 Visit Site
FOREX.com logoFOREX.com 5 Stars 5 Stars 4.5 Stars 5 Stars 4.5 Stars 4.5 Stars 5 Stars 99 Visit Site
XTB logoXTB 5 Stars 5 Stars 4.5 Stars 4.5 Stars 4.5 Stars 4 Stars 4.5 Stars 95
City Index logoCity Index 5 Stars 5 Stars 4.5 Stars 4.5 Stars 4.5 Stars 4.5 Stars 5 Stars 99
eToro logoeToro 4.5 Stars 5 Stars 4.5 Stars 4.5 Stars 4.5 Stars 4 Stars 4.5 Stars 93
Swissquote logoSwissquote 4.5 Stars 5 Stars 3.5 Stars 4.5 Stars 4.5 Stars 4 Stars 4.5 Stars 99
AvaTrade logoAvaTrade 4.5 Stars 4 Stars 4.5 Stars 4.5 Stars 4 Stars 5 Stars 4.5 Stars 93
Plus500 logoPlus500 4.5 Stars 4 Stars 4.5 Stars 4.5 Stars 4 Stars 3.5 Stars 4.5 Stars 98
FXCM logoFXCM 4.5 Stars 3.5 Stars 4 Stars 5 Stars 4.5 Stars 4 Stars 4 Stars 96
OANDA logoOANDA 4.5 Stars 3.5 Stars 4 Stars 4 Stars 4.5 Stars 4 Stars 4.5 Stars 92
FP Markets logoFP Markets 4.5 Stars 4.5 Stars 5 Stars 4 Stars 4 Stars 4 Stars 4 Stars 86
Admiral Markets logoAdmiral Markets 4.5 Stars 4.5 Stars 4.5 Stars 4 Stars 4 Stars 4.5 Stars 4 Stars 87
IC Markets logoIC Markets 4.5 Stars 4.5 Stars 5 Stars 4 Stars 4 Stars 4 Stars 4 Stars 86
Capital.com logoCapital.com 4.5 Stars 4.5 Stars 5 Stars 4.5 Stars 4.5 Stars 4.5 Stars 4.5 Stars 77
Markets.com logoMarkets.com 4.5 Stars 4 Stars 3.5 Stars 4 Stars 4 Stars 3.5 Stars 4 Stars 98
XM Group logoXM Group 4.5 Stars 4 Stars 4 Stars 4 Stars 4.5 Stars 4.5 Stars 4 Stars 90
Pepperstone logoPepperstone 4.5 Stars 4 Stars 4.5 Stars 4 Stars 4.5 Stars 4 Stars 4 Stars 93
FxPro logoFxPro 4.5 Stars 4 Stars 4 Stars 4 Stars 4 Stars 4 Stars 4 Stars 90
Tickmill logoTickmill 4 Stars 3.5 Stars 5 Stars 4 Stars 4 Stars 4 Stars 4 Stars 82
Fineco Bank logoFineco Bank 4 Stars 4.5 Stars 3.5 Stars 4 Stars 4 Stars 3.5 Stars 4 Stars 92
HYCM (Henyep) logoHYCM (Henyep) 4 Stars 3.5 Stars 4.5 Stars 4 Stars 4 Stars 3.5 Stars 4 Stars 86
DooPrime logoDooPrime 4 Stars 5 Stars 3 Stars 4 Stars 4 Stars 4 Stars 4 Stars 84
HFM logoHFM 4 Stars 4 Stars 4 Stars 4 Stars 4 Stars 3.5 Stars 4 Stars 85
FlowBank logoFlowBank 4 Stars 5 Stars 4 Stars 4 Stars 3.5 Stars 3.5 Stars 4 Stars 77
BDSwiss logoBDSwiss 4 Stars 4 Stars 4 Stars 4 Stars 4 Stars 4 Stars 4 Stars 83
Vantage logoVantage 4 Stars 3.5 Stars 4.5 Stars 4 Stars 4 Stars 3.5 Stars 4 Stars 83
TMGM logoTMGM 4 Stars 5 Stars 4 Stars 4 Stars 3.5 Stars 4.5 Stars 4 Stars 79
Trading 212 logoTrading 212 4 Stars 4 Stars 4 Stars 4 Stars 3.5 Stars 4 Stars 4 Stars 77
Moneta Markets logoMoneta Markets 4 Stars 4 Stars 4.5 Stars 4 Stars 4 Stars 3.5 Stars 4 Stars 71
Trade Nation logoTrade Nation 4 Stars 3.5 Stars 4.5 Stars 4 Stars 3.5 Stars 3.5 Stars 4 Stars 83
BlackBull Markets logoBlackBull Markets 4 Stars 5 Stars 4.5 Stars 4 Stars 4 Stars 3.5 Stars 4 Stars 74
ACY Securities logoACY Securities 4 Stars 4 Stars 4.5 Stars 4 Stars 3.5 Stars 3.5 Stars 4 Stars 75
Eightcap logoEightcap 4 Stars 4 Stars 4 Stars 4 Stars 3.5 Stars 3.5 Stars 4 Stars 87
ThinkMarkets logoThinkMarkets 4 Stars 4 Stars 3.5 Stars 4 Stars 3 Stars 3.5 Stars 4 Stars 86
VT Markets logoVT Markets 4 Stars 3.5 Stars 4.5 Stars 4 Stars 3.5 Stars 3 Stars 4 Stars 71
easyMarkets logoeasyMarkets 4 Stars 4 Stars 3.5 Stars 4 Stars 3 Stars 3.5 Stars 4 Stars 84
Exness logoExness 4 Stars 3.5 Stars 4 Stars 4 Stars 3.5 Stars 3.5 Stars 3.5 Stars 74
Spreadex logoSpreadex 4 Stars 4 Stars 4 Stars 3.5 Stars 4 Stars 3.5 Stars 3.5 Stars 70
IronFX logoIronFX 4 Stars 3.5 Stars 4 Stars 3.5 Stars 4 Stars 3.5 Stars 3.5 Stars 84
RoboForex (RoboMarkets) logoRoboForex (RoboMarkets) 4 Stars 5 Stars 3.5 Stars 4 Stars 3.5 Stars 3 Stars 4 Stars 69
Trade360 logoTrade360 4 Stars 4 Stars 3 Stars 4 Stars 3.5 Stars 3.5 Stars 4 Stars 75
GKFX logoGKFX 4 Stars 3.5 Stars 4 Stars 4 Stars 4 Stars 3.5 Stars 4 Stars 66
AxiTrader logoAxiTrader 4 Stars 3.5 Stars 4 Stars 3.5 Stars 3 Stars 4 Stars 3.5 Stars 83
Vestle logoVestle 4 Stars 3.5 Stars 3 Stars 4 Stars 3.5 Stars 3 Stars 4 Stars 79
FXOpen logoFXOpen 3.5 Stars 3 Stars 4 Stars 4 Stars 3 Stars 3 Stars 4 Stars 80
TeleTrade logoTeleTrade 3.5 Stars 3.5 Stars 4 Stars 4 Stars 3.5 Stars 3 Stars 4 Stars 67
OctaFX logoOctaFX 4 Stars 3 Stars 4 Stars 4 Stars 4 Stars 3.5 Stars 4 Stars 67
Forex4you logoForex4you 3.5 Stars 3.5 Stars 3.5 Stars 4 Stars 3.5 Stars 4 Stars 4 Stars 62
LegacyFX logoLegacyFX 3.5 Stars 3.5 Stars 3.5 Stars 3.5 Stars 3.5 Stars 3.5 Stars 3.5 Stars 75
FXPrimus logoFXPrimus 3.5 Stars 3.5 Stars 4 Stars 4 Stars 3 Stars 3.5 Stars 4 Stars 69
Alpari logoAlpari 3.5 Stars 3 Stars 4 Stars 4 Stars 3 Stars 3.5 Stars 4 Stars 67
GBE brokers logoGBE brokers 3.5 Stars 3.5 Stars 4 Stars 4 Stars 3 Stars 3 Stars 4 Stars 69
TopFX logoTopFX 3.5 Stars 3.5 Stars 4 Stars 4 Stars 3 Stars 3 Stars 4 Stars 67
ATFX logoATFX 3.5 Stars 3.5 Stars 3 Stars 3.5 Stars 3 Stars 4 Stars 3.5 Stars 70
UFX logoUFX 3.5 Stars 3.5 Stars 3 Stars 4 Stars 3 Stars 3 Stars 4 Stars 67
Libertex (Forex Club) logoLibertex (Forex Club) 3.5 Stars 3.5 Stars 3 Stars 4 Stars 3 Stars 3 Stars 4 Stars 72
Xtrade logoXtrade 3.5 Stars 3.5 Stars 2.5 Stars 3 Stars 3 Stars 3.5 Stars 3 Stars 80
Tradeo logoTradeo 3.5 Stars 3.5 Stars 3.5 Stars 3.5 Stars 3 Stars 3 Stars 3.5 Stars 67
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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.

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.

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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 Author

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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