MT4 is one of the most popular trading platforms worldwide – and understandably so. Packed with useful features and advanced charts, MT4 is the favoured software for traders across the globe, with the only requirement being that you have an account with an accepted MT4 broker. In this guide, we explore the Best MT4 Brokers, discussing their attributes and pay structures and showing you how to get set up and ready to trade – all in less than ten minutes. Best MT4 Brokers List The list below presents the best MT4 brokers available today. If you’d like to learn more about them, the following section explores each of the online brokers in detail, highlighting their key features and discussing their fees and deposit options. Capital.com – Overall Best MT4 Broker AvaTrade – Best MT4 Broker for Leverage Libertex – Best MT4 Broker with Low Brokerage Fees Vantage FX – Best MT4 Broker for ECN Account IG – Best MT4 Broker for Asset Selection Skilling – Best MT4 Broker for Asset Selection FXCM – Best MT4 Broker for Educational Content Forex.com – Best MT4 Broker for Low Fees OANDA – Best MT4 Broker with No Minimum Deposit Pepperstone – Best MT4 Broker for Cost-Effective Trading Best MT4 Brokers My Trade Size€ 10 (0.0001 lots)EUR/USDMore FiltersSort ByRating7 Providers that match your filtersDeposit MethodsBank TransferCredit CardNetellerSkrillGiropayPaypalSofortSepa TransferTrading PlatformsDemoWebTraderMT4MT5STP/DMACopyTradingcTraderRegulated byFCACySECASICCFTCNFABAFINAdditional FeaturesIslamic AccountEducation & WebinarsCharts & ToolsScalpingFree Forex SignalsSpread BettingAutomated TradingMin. Deposit€500Min. Spread2Max. Leverage2:1Currency Pairs1+Rating1 or betterMobile App1 or betterClear FilterRecommended Broker302 New users todayRatingTotal Cost€0.00 Mobile App10/10Min. Deposit€50Min. Spread1 pipsMax. Leverage50:1Currency Pairs52Trading PlatformsDemoWebTraderCopyTradingDeposit MethodsRegulated byFCA, CySEC, ASIC, CFTC, NFA, BAFINWhat you can tradeForexIndicesActionsCryptocurrenciesRaw MaterialsETFsAverage spreadEUR/GBP2.5EUR/USD1EUR/JPY2EUR/CHF5GBP/USD2GBP/JPY3GBP/CHF4USD/JPY1USD/CHF1.5JPY/CHF2.7Additional FeesRolling fee0Conversion0Leveraged30:1FCA30:1CySEC30:1ASIC30:1CFTC30:1NFA30:1BAFINVisit SiteFees & AssetsRatingTotal Cost€0.11 Mobile App9/10Min. Deposit€0Min. Spread0.9 pipsMax. Leverage2:1Currency Pairs50Trading PlatformsDemoWebTraderMT4STP/DMADeposit MethodsRegulated byFCA, CySEC, ASIC, CFTC, NFA, BAFINWhat you can tradeForexIndicesActionsCryptocurrenciesRaw MaterialsETFsAverage spreadEUR/GBP1.4EUR/USD0.9EUR/JPY1.8EUR/CHF2.1GBP/USD1.2GBP/JPY1.9GBP/CHF2.2USD/JPY1.2USD/CHF1.1JPY/CHF2.7Additional FeesRolling feeConversionLeveraged30:1FCA30:1CySEC30:1ASIC30:1CFTC30:1NFA30:1BAFINVisit SiteYour capital is at riskFees & AssetsRatingTotal Cost€0.00 Mobile App9/10Min. Deposit€20Min. Spread0.6 pipsMax. Leverage20:1Currency Pairs100Trading PlatformsDemoWebTraderMT4MT5Deposit MethodsRegulated byFCA, CySEC, ASIC, CFTC, NFA, BAFINWhat you can tradeForexIndicesActionsCryptocurrenciesRaw MaterialsAverage spreadEUR/GBP1.4EUR/USD0.6EUR/JPY1.5EUR/CHF2.2GBP/USD0.8GBP/JPY1.9GBP/CHF2.4USD/JPY1.3USD/CHF1.3JPY/CHF2.6Additional FeesRolling fee0Conversion0.0Leveraged30:1FCA500:1CySEC30:1ASIC30:1CFTC30:1NFA30:1BAFINVisit SiteFees & AssetsRatingTotal Cost€0.00 Mobile App10/10Min. Deposit€100Min. Spread1 pipsMax. Leverage100:1Currency Pairs50Trading PlatformsDemoWebTraderMT4MT5Deposit MethodsRegulated byFCA, CySEC, ASIC, CFTC, NFA, BAFINWhat you can tradeForexIndicesActionsCryptocurrenciesRaw MaterialsAverage spreadEUR/GBP1.4EUR/USD1EUR/JPY1.8EUR/CHF2.3GBP/USD1.1GBP/JPY1.9GBP/CHF2.5USD/JPY1.2USD/CHF1.1JPY/CHF2.8Additional FeesRolling feeConversionLeveraged30:1FCA30:1CySEC30:1ASIC30:1CFTC30:1NFA30:1BAFINVisit SiteCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Fees & AssetsLoad more + Find the Best MT4 Brokers – Comparison Visit SiteRecommended BrokerVisit SiteVisit SiteCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Select BrokerRating4.605.005.00Mobile App Rating9/1010/1010/10RegulationFCA, CySEC, ASIC, CFTC, NFA, BAFINFCA, CySEC, ASIC, CFTC, NFA, BAFINFCA, CySEC, ASIC, CFTC, NFA, BAFINAccountMin. Deposit€20€50€100Min. Spread0.611Max. Leverage20:150:1100:1FX Pairs1005250Fees & SpreadsEUR/GBP126.96.36.199EUR/USD0.611EUR/JPY1.521.8EUR/CHF2.252.3GBP/USD0.821.1GBP/JPY1.931.9GBP/CHF2.442.5USD/JPY1.311.2USD/CHF188.8.131.52JPY/CHF184.108.40.206Additional FeesRolling fee00N/AConversion Fee0.00N/ATrading PlatformsDemoWebTraderMT4MT5CopyTradingLeverageFCA30:130:130:1CySEC500:130:130:1ASIC30:130:130:1CFTC30:130:130:1NFA30:130:130:1BAFIN30:130:130:1AssetsForexIndicesActionsCryptocurrenciesRaw MaterialsETFsAdditional FeaturesIslamic AccountEducation & WebinarsCharts & ToolsScalpingSpread BettingFunding MethodsBank TransferCredit CardNetellerSepa TransferSkrill Top 10 MT4 Brokers Reviewed If you are looking for the best forex brokers that offer support for MT4, then you’re in the right place. This section covers the best options for trading the foreign exchange market using MT4, highlighting each broker’s features and fee structure. 1. Capital.com – Overall Best MT4 Broker Our recommendation for the best MT4 broker to trade forex with is Capital.com. Capital.com have been around since 2016 and are fully regulated by the Financial Conduct Authority (FCA) and CySEC. In addition, they are also covered under the Financial Services Compensation Scheme (FSCS) – ensuring customers’ capital is protected in the unlikely event of bankruptcy. One of the best things about Capital.com is that they do not charge any commissions when trading CFDs. This contrasts with many other brokers who could charge a percentage of your position size as a commission. Furthermore, spreads on many of the currency pairs offered by Capital.com are incredibly tight, meaning that you get market-leading rates when you trade with this broker. In addition to low spreads, Capital.com does not charge any deposit or withdrawal fees whatsoever. Users can make deposits from as little as £20 – meaning that you can begin small and increase your trading amount over time. Finally, Capital.com even offer a handy demo account to use, which lets you gain trading experience in a risk-free manner. Pros: 0% commissions Tight spreads No deposit or withdrawal fees Useful demo trading feature Minimum deposit of only £20 Cons: Only offers CFDs Visit Capital.com Now 71.2% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. 2. AvaTrade – Best MT4 Broker for Leverage Founded back in 2006, Avatrade is a well-established broker that has more than 200,000 users worldwide. Primarily offering CFD trading instruments, Avatrade is very popular with traders across the world thanks to its 0% commission structure. In addition to this, Avatrade is monitored by top regulators such as the FCA, ASIC and the FSCA – ensuring your capital and personal details are afforded the highest levels of security. Avatrade can be thought of as one of the best MT4 forex brokers available, as they offer a total of 56 currency pairs for users to trade. These pairs comprise majors, minors, and even some exotics, ensuring a wide variety of online trading options. Furthermore, Avatrade is a high leverage forex broker, as users can use up to 1:500 leverage on FX trades. In essence, this provides the opportunity for your position size to be magnified by up to 500x! Pros: 0% commissions Regulated by FCA, ASIC, and FSCA Large selection of currency pairs to trade Up to 1:500 leverage More than 200,000 active users Cons: Only offers CFDs Visit Avatrade Now 72% of retail CFD accounts lose money with this provider. 3. Libertex – Best MT4 Broker for Tight Spread Another of the best MT4 brokers is Libertex. Libertex is popular when it comes to trading (especially in the forex market) due to their tight spread offering, making Libertex one of the best MT4 forex brokers when it comes to cost-effectiveness. In addition to their tight spread fee structure, Libertex also offers low commissions when trading major currency pairs, ensuring low trading costs for users. Much like the other brokers on our list, Libertex allows full integration with MT4 so that when you place a trade using the platform, the requisite capital will automatically come from your Libertex account. In addition, Libertex is also regulated by CySEC, adding further credibility to its services. Finally, Libertex also offers a valuable MT4 demo account for users, which comes with a balance of â‚¬50,000 – this is ideal for traders who haven’t used MT4 before and wish to become familiar with the platform without risking real money. Pros: Tight spreads Low commissions Full compatibility with MT4 Demo account feature Cons: Only offers CFDs Visit Libertex Now 83% of retail investors lose money trading CFDs at this site. 4. Vantage FX – Best MT4 Broker for ECN Account Vantage FX is another excellent addition to our list of the best MT4 trading platforms, thanks to their great asset selection and useful leverage facilities. Founded back in 2009, Vantage FX is regulated by the ASIC and CIMA, ensuring that users’ safety is a top priority. One of the major selling points for Vantage FX is that they offer various account types including a ‘Raw ECN’ account, which means you can trade the forex markets using institutional-grade liquidity. In essence, this means spreads are minimal – even as low as 0.1 pips for major pairs! Aside from these tight spreads, Vantage FX does not charge any deposit, withdrawal or inactivity fees. Users can make deposits via credit/debit card, bank transfer, or various popular e-wallets. Notably, only the first withdrawal of the month is free – any subsequent withdrawals will come with a £20 charge. Finally, Vantage FX offers full support for MT4 and ensure traders have a variety of order types available such as market and limit orders, as well as trailing stops and traditions stops. Pros: Regulated by ASIC and CIMA Various account types to choose from Raw ECN account available with low spreads No deposit or withdrawal fees Full MT4 support Cons: Subsequent withdrawals have high fee each month Visit Vantage FX Now Your capital is at risk. 5. IG – Best MT4 Broker for Asset Selection IG has been in operation since 1974, making them one of the most well-established MT4 forex brokers on our list. Not only is IG listed on the London Stock Exchange, but they are also regulated by top-tier entities such as the FCA and BaFIN. One of IG’s main selling points is their vast selection of currency pairs to trade – at the time of writing, they offer a total of 205 pairs, made up of majors, minors, and exotics. IG does not charge a commission when trading the FX market, as their spread is all-inclusive. Notably, their spread is not as low as some other brokers on this list, averaging at 0.85 pips for EUR/USD. Furthermore, IG offers many methods to fund your account when it comes to deposits, with all methods completely free to use. In addition to this, withdrawals are entirely free too. Finally, IG also provides a valuable demo account to use, allowing users to try out IG’s services and make sure they are a good fit before trading for real. Pros: Established for over 40 years Listed on LSE Huge selection of assets Free deposits No commissions charged Cons: Spread can be higher than some other brokers Visit IG Now Your capital is at risk. 6. Skilling – Best MT4 Broker for Asset Selection Founded in 2016, Skilling is relatively new to the trading scene and offers a streamlined and attractive user experience that caters to traders of all experience levels. Skilling is regulated by both CySEC and the FSA, providing credibility and reliability to their platform. As Skilling are primarily a CFD broker, they offer a vast selection of assets that users can speculate on – including a total of 73 currency pairs. In terms of fees, Skilling offers a relatively low spread on many top currency pairs – for example, GBP/USD’s average spread is only 0.5pips. However, if you use their Premium account (requiring a $5000 deposit), you can gain access to spreads as low as 0.1 pips – although you will be required to pay a commission for this feature. Finally, Skilling also offers up to 1:30 leverage on major currency pairs and 1:20 on minors, allowing users to boost their position size and potential profits. Pros: User friendly platform Regulated by CySEC and FSA 73 currency pairs to trade Tight spreads Up to 1:30 leverage Cons: Premium account requires $5000 deposit Visit Skilling Now Your capital is at risk when trading CFDs with this provider. 7. FXCM – Best MT4 Broker for Educational Content FXCM is one of the most popular MT4 forex brokers available to traders in the United Kingdom, providing a safe trading environment through regulation from the FCA. Offering fully-fledged integration with MT4, FXCM allows users to employ advanced forex tools and custom indicators to optimise their trading. What’s more, you can even use a forex robot or copy trading tool to automate your trading if you wish. Much like some of the other MT4 trading platforms on this list, FXCM does not charge any commissions when you trade. The only thing you’ll have to pay is the spread, which is relatively competitive. For example, the average spread on EUR/USD is 1.3 pips, but this can widen when trading minors or exotics. When trading currencies, FXCM also offers up to 1:30 leverage, which is ideal for those looking to boost potential profits. Finally, FXCM is super popular thanks to their extensive selection of educational materials – they offer a huge knowledge base with guides and articles covering all aspects of trading the financial markets. Pros: Regulated by the FCA No commissions Competitive spread Extensive selection of educational materials Huge selection of assets Cons: More suited for experienced traders Visit FXCM Now Your capital is at risk. 8. Forex.com – Best MT4 Broker for Low Fees Forex.com has been around since 2001 and is well-established in the FX market, with parent company StoneX Financial even being listed on the Nasdaq Stock Exchange. Forex.com is heavily regulated by some of the world’s top organisations, including the FCA and the CFTC. In terms of asset selection, Forex.com ensure traders have an extensive range of trading options – including a total of 91 different currency pairs. If you are using MT4 to trade, you’ll need to sign up for Forex.com’s standard account. This account has slightly higher spreads than some other brokers, with EUR/USD averaging 1.4 pips during good trading conditions. The great thing is that Forex.com’s support for MT4 extends to smartphones, too – meaning you can trade on the go. Finally, Forex.com require a minimum initial deposit of only $100, which can be made via credit/debit card, bank transfer, or PayPal. Pros: Parent company listed on NASDAQ Regulated by multiple top regulatory bodies Large selection of currencies to trade Lots of up-to-date forex news Minimum deposit only $100 Cons: Spreads can be higher than some other brokers Visit Forex.com Now Your capital is at risk. 9. OANDA – Best MT4 Broker with No Minimum Deposit The penultimate entry on our list of the best MT4 forex brokers is OANDA. Founded in 1996, OANDA is regulated in the UK by the FCA, ensuring a safe and secure trading environment for users. One of OANDA’s main selling points is the low fees they charge when forex trading – the average spread for EUR/USD is only 0.6 pips during peak trading hours, which puts them firmly in the category of low spread MT4 brokers. OANDA do not charge any deposit, withdrawal, or monthly account fees, meaning users can trade cost-effectively. Notably, OANDA does charge an inactivity fee – but this only comes into effect after a year of no trading activity. In terms of funding your account, OANDA accepts deposits via credit/debit card, bank transfer, and e-wallets. The great thing is that OANDA does not have a minimum deposit amount – meaning you can deposit as much or as little as you want! Pros: FCA regulated Very low spreads No deposit, withdrawal, or monthly account fees Multiple deposit methods No minimum deposit amount Cons: Inactivity fee applies Visit Oanda Now Your capital is at risk. 10. Pepperstone – Best MT4 Broker for Cost-Effective Trading Rounding off our list of the best MT4 forex brokers is Pepperstone. Regulated by the FCA and ASIC, Pepperstone offers a safe trading environment for traders across the world. Notably, Pepperstone provides a useful ‘Razor account’ that can be used with MT4. Trading using this account will be accompanied by a small commission plus a tight spread. However, if you are an active trader, you will be enrolled in Pepperstone’s active trader program, which means you’ll get a percentage of the spread repaid to you each month. With full MT4 support, Pepperstone ensures users can trade optimally and use advanced tools such as indictors and algorithms. Pepperstone requires an initial deposit of at least $200, which can be made via credit/debit card, bank transfer, or various e-wallets. The great news is that Pepperstone does not charge any deposit or withdrawal fees when using their platform – ensuring you can trade in a low-cost manner. Pros: Regulated by the FCA and ASIC Razor account offers tight spreads No deposit or withdrawal fees Opportunity to benefit from active trader program Cons: Slightly larger initial deposit required Visit Pepperstone Now Your capital is at risk. What is MT4? MetaTrader 4 (commonly referred to as MT4) is a trading platform used by forex traders worldwide to research and place trades. MT4 was created by MetaQuotes Software and was released to the public in 2005. Over the following years, many brokers began partnering with MetaQuotes Software to offer the MT4 platform to users. This created a snowball effect that enhanced MT4’s popularity – leading to DailyForex reporting that MT4 was the most popular forex trading platform in the world in 2020. MT4 is available on both computer and through the MT4 app, which can be downloaded onto smartphones (such as iOS and Android) and tablets. Furthermore, you can even get MT4 for Mac too. The platform works by linking with your broker account and using their service to place trades. These trades can then be closed out using the MT4 platform, too – with any resulting profits or losses being added/deducted from your trading balance. The reason MT4 is so popular with forex traders is because of its inherent customisability. Unlike many trading platforms offered by brokers, MT4 allows 3rd party companies to build MT4 indicators and algorithms which traders can use on the MT4 platform. In addition, Expert Advisors (EAs) and trading robots can also be used, which will automate a user’s trading – these are very simple to install and can even be downloaded for free from the MQL5 marketplace. Overall, if you have experience within the forex market and know how it works, using MT4 is probably the best way to facilitate your trades. Although the user interface may seem a little outdated compared to other platforms, MT4 still has the upper hand regarding practicality and customisation. MT4 vs MT5 Although MetaTrader 5 (MT5) is essentially a new version of MT4, the latter is still the most widely used version. At first, this may seem counterintuitive as MT5 was built as an upgrade to MT4. However, there are some critical differences between the two that are worth noting. Most importantly, MT4 was built solely for forex traders, whilst MT5 was designed to be used by traders interested in a broader range of assets. Assets available to be traded on MT5 include stocks and commodities facilitated through a centralised trading exchange. Furthermore, MT5 uses the MQL5 programming language, which is superior to the MQL4 language used by MT4. This means that it’s easier to build add-ons for MT5 than MT4, although robots and algorithms constructed for MT5 are not backwards compatible. Finally, MT5 also offers more time frames and depth of market data, which can be helpful for people interested in scalping. Overall though, MT4 is still the most popular platform for forex traders as the features offered by MT5 are not worth transitioning over for. In addition, MT4 is still the platform most widely offered by top brokers, meaning forex traders continue to use MT4 instead of MT5. Ultimately, the term ‘if it’s not broke, don’t fix it’ is an excellent way to sum up the MT4 vs MT5 debate. Why Use MT4? So, why should you partner with one of the best MT4 brokers to use MT4? There are various reasons why using the platform can help your trading, with three of the main reasons discussed below. Indicators and Charting One of the main features of MT4 is the research capabilities offered by the platform. Technical analysis plays a pivotal role in forex trading, so the charting and indicators provided by MT4 ensure traders can conduct proper analysis and optimise their trading. In addition, MT4 offers customisable charts which update in real-time, with several popular timeframes available for traders to use. Furthermore, MT4 also offer support for hundreds of different MT4 indicators, with both free and paid versions available on the MQL5 marketplace. Users can easily add these MT4 indicators to their charts to enhance analysis and trade more efficiently. If you have coding know-how, you can even develop and use your own indicator if you wish! Auto-Trading Aside from charting and MT4 indicators, you can also use robots to trade on your behalf. These robots are innovative pieces of software that will place trades automatically based on their built-in strategy. Auto-trading in this way is ideal for many traders as it means they do not need to be at the charts all day; in addition, using a robot also eradicates emotion from trading, which can sometimes hamper decision-making. MT4 also have a dedicated marketplace for Expert Advisors (EAs), which are essentially robots that trade on your behalf. Much like indicators, there are both free and paid versions that ensure EAs are accessible to everyone. The great thing is that these EAs are extremely simple to use – all you have to do is download and install them, and then you’re good to go. Adapted for Multiple Devices Finally, by partnering with the best MT4 brokers, you can trade on the go using the MT4 mobile app on your smartphone. This is ideal when trading the forex market, as opportunities can sometimes appear within seconds, meaning you have to act fast to catch them. Furthermore, the MT4 platform synchronises seamlessly across all of your devices, allowing you to place a trade on your computer and then monitor it on your phone whilst you are out and about. How to Choose the Best MT4 Broker for You Choosing which of the best MT4 trading platforms to go with can seem tricky as there is such a wide array of options these days. To help you make your decision, this section highlights three key things to look out for when choosing an MT4 broker. Fees Understandably, the MT4 trading platform’s fee structure is essential to consider when making your decision. Finding a broker like Capital.com that offers 0% commission trading is one way to reduce the amount of fees that you will pay. However, as brokers must be compensated in one way or another, there will never be a completely ‘free’ way to trade the forex market. Low-spread brokers are another way to reduce any charges you may accrue. The spread is the difference between the bid and ask prices, so if the spread is tight, it means you’re essentially paying less of a ‘fee’ to conduct a trade. Finally, some brokers may charge a deposit or a withdrawal fee, too; so keep an eye on this and any other non-trading fees that may be applicable. Asset Selection Different MT4 trading platforms will offer varying degrees of asset selection, so it’s a good idea to look at this before signing up. In terms of forex trading, it’s essential to check that your chosen broker has a solid selection of currencies to trade, ensuring you are never short of opportunities in the market. Some brokers will go a step further and offer minors and exotics in addition to the major currency pairs. Minors and exotics are less-traded currencies with lower liquidity but can provide potentially lucrative opportunities if traded correctly. MT4 trading platforms that offer these pairs are often very popular with forex traders experienced in the market. Regulation Finally, you must partner with a licensed and regulated broker to ensure your personal details and capital are protected. Most of the top brokers on our list are regulated by reputable entities such as the FCA or CySEC, which means they must abide by strict security policies designed to protect their customers. Using a regulated broker allows you to trade with confidence as you can be sure that your trading account is afforded the highest levels of protection possible. How to Get Started with an MT4 Broker Now that you have everything you need to know about MT4 and the top brokers available to partner with, it’s time to discuss how to get set up and ready to trade using MT4. The steps below will show you how to do so with Capital.com – we recommend this broker over other forex brokers as they offer 0% commissions when trading forex and allow you to open up an account in a matter of minutes. Step 1: Open a Capital.com Account Head over to Capital.com’s website and click the ‘Trade Now’ button in the top right. Next, enter an email address and choose a password to sign up for an account. Step 2: Verify Account and Deposit Funds To ensure you get total usage of your Capital.com account, you’ll have to verify yourself. This is very simple to do and is a case of uploading proof of ID (a copy of your driver’s license or passport) and proof of address (a copy of a bank statement or utility bill). Once these documents have been verified, you are then free to make a deposit. This can be completed via credit/debit card, bank transfer, or various e-wallets. The great thing is that Capital.com only require a minimum deposit of £20 for new users. Step 3: Download MT4 Head to the official MT4 website and opt to download MT4 for your chosen operating system. Alternatively, you can download MT4 from Capital.com’s website, or you can download the MT4 app to your smartphone if you are interested in mobile trading. Once downloaded, install the program and move onto the next step. Step 4: Link your Broker Account When you open MT4, you’ll be prompted to log in to your account – this refers to your Capital.com account you’ve just created. Search for Capital.com’s live server and enter your Capital.com login credentials to link your broker account to MT4. Step 5: Begin Trading Now that you have a funded Capital.com account linked to MT4, you can begin trading right away. To place a trade, simply search for the currency pair you are interested in and opt to open a position. Once your trade has been placed, you can keep an eye on the position’s value in real-time at the bottom of the screen. Finally, if you wish to close out your trade, you can do so at any time by right-clicking on the position and selecting ‘Close Order’. Capital.com – Best MT4 Broker with 0% Commission This guide has explored the best options available when it comes to MT4 brokers. With MT4 remaining the top trading platform for forex trading, choosing a reliable and cost-effective broker to partner with is crucial to trading effectively. Using the list provided earlier in this guide, you can be sure to find an option that will help optimise your trading in the future. However, if you’d like to begin trading right away, we’d recommend opening an account with Capital.com. With a stellar reputation and regulation from top entities, Capital.com are incredibly reliable and ideal for traders of any experience level. What’s more, Capital.com offer very low spreads on many of their forex pairs, ensuring you can trade cost-effectively. Create Account Your capital is at risk. 71.2% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. FAQs What brokers support MT4? The list we present in this guide highlights ten of the best brokers that support MT4. Many top brokers support MT4 these days; however, some do not, so it’s important to double-check before signing up. Which is the best MT4 broker? Through our research, we’ve found that Capital.com are the best MT4 broker available. This is because they offer a trading experience that is heavily regulated and cost-effective. Furthermore, Capital.com’s trading platform is straightforward to use, and they also offer a vast selection of educational materials. How do I download MT4 on Mac? Getting MT4 onto your Mac is simple – all you have to do is go to the MT4 website and download the ready-made software package for Mac. Once downloaded, you can then install it and link your broker account to it. How do I use MT4? MT4’s platform may look daunting at first, but it’s straightforward to use. Once you have installed it, all you need to do is link your broker account to MT4 using your login credentials. After your account has been linked, you can begin trading on the MT4 platform, and any funds used will automatically come from your broker account. How do I install indicators on MT4? To install custom indicators, you’ll need to download them from a 3rd party provider. Once downloaded, drag and drop the file into the ‘Indicators’ folder within MT4’s program files. After this, load up MT4 and drag the newly installed indicator from the Navigator panel to the chart. Connor Brooke Connor Brooke Connor is a Scottish financial specialist, with a particular focus on wealth management and equity investing. Currently based in Glasgow, Connor writes full-time for a vast array of top financial websites, whilst also providing financial consulting to small start ups. He also holds a Bachelor’s degree in Finance, and a Master’s degree in Investment Fund Management, Connor has substantial knowledge in the investment and finance space, He has also written two thesis on mutual funds and the UK financial market. 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