| Online Broker | Minimum Deposit | Online Trading Platforms | About |
|---|---|---|---|
| FOREX.com | $100 Minimum Deposit | MT4, Advanced Platform, Web Trader Trading Platforms | FOREX.com is a long established MT4 broker allowing automated trading and offering trading tools for this platform About |
| AvaTrade | $100 Minimum Deposit | MT4, MT5, Web Trader Trading Platforms | AvaTrade offers trading on MT4, providing a wide range of other platforms, including MT5 About |
| RoboMarkets | $100 Minimum Deposit | MT4, MT5, R StocksTrader Trading Platforms | RoboMarkets offers trading on MT4, as well as providing MT5 and a 12,000+ markets on R StocksTrader About |
| City Index | $150 Minimum Deposit | MT4, Web Trader Trading Platforms | City Index offers trading on MT4, allowing automated trading and provides a user friendly Web Trader, with many markets to trade (MT4 has considerably less) About |
| Pepperstone | $200 Minimum Deposit | MT4, MT5, cTrader, TradingView Trading Platforms | Pepperstone provides trading on MT4, with rapid order processing and also offers MT5, cTrader and TradingView About |
| Vantage | $200 Minimum Deposit | MT4, MT5 Trading Platforms | Vantage provides trading on MT4, offering ECN accounts and also providing MT5 About |
| ThinkMarkets | None Minimum Deposit | MT4, MT5, ThinkTrader Trading Platforms | ThinkMarkets offers trading on MT4, as well as MT5 and its user friendly ThinkTrader About |
| XM | $5 Minimum Deposit | MT4, MT5 Trading Platforms | XM provides and MT4 (and MT5) Cent account, called its Micro account, with a $5 minimum deposit About |
| IC Markets | $200 Minimum Deposit | MT4, MT5, cTrader Trading Platforms | IC Markets offers trading on MT4, with rapid order processing and no dealing desk trading, as well as providing MT5 and cTrader About |
| FXTM | $10 Minimum Deposit | MT4, MT5 Trading Platforms | FXTM provides trading on MT4, including and MT4 Cent account, called its Micro account, with a low minimum deposit, and accounts for higher volume traders About |
| Titan FX | $200 Minimum Deposit | MT4, MT5 Trading Platforms | Titan FX offers trading on MT4 and MT5, with infrastructure supporting a wide range of trading styles About |
Top MT4 Brokers
The brokers in the table offer trading on the MetaTrader 4 (MT4) online trading platform. They are chosen because they are well established brokers which offer MT4 and its succesor MT5 either as their main platforms or as one of a number of platforms. Some brokers as can be seen from the comparison table offer only MT4 and MT5. Others provide MT4, MT5 and other platforms.
MT4 is perhaps best known as a Forex trading platform, though MT4 offers support for a range of CFD markets and each of these brokers provides Forex and other markets. MT4 is a platform which allows both discretionary trading where the trader makes their own trading decisions and trading where the broker uses programs to trade on their behalf (if the broker supports the use of automated trading strategies, called Expert Advisors on the MT4 platform).
Some of these brokers offer a large number of total markets, but these may not be available on MT4.
So 'Top MT4 Brokers' on this page is meant to indicate that the brokers are useful to the trader, including offering platforms in addition to MT4 which have a larger number and range of markets. A trader may choose to see MT4 as either their main trading platform or as complimentary to the other trading platforms which the broker may offer.
The table shows what the platforms offered by the trader are, as well as the minimum deposit required to open a real trading account. Brokers which offer a very low minimum deposit typically offer accounts which have a very small trade size, e.g. Forex cent accounts.
So this page has provided two categories of MT4 brokers, namely brokers focussed on automated trading and brokers with other main platforms which provide a lot of CFD markets. A trader's journey in the first (automated) category may see MT4 as being their main trading platform. However if the broker offers other platforms (for example and perhaps typically MT5 and cTrader or JForex) these platforms may be utilised as they are arguably more optimised for automated trading and may offer a larger number of markets to trade.
In the second category a trader's journey may be that they use the main platforms with their wider range and number of CFDs and then try MT4 as a platform supporting primarily Forex trading. However since MT4, while it does not have a large number of markets, still supports a range of markets, then they may find that the platform offers an alternative way of trading a core group of CFDs.
For this reason a trader may specifically use MT4 for the capacity to trade markets using the features MT4 offers, for example MT4 for Stock Market trading. Becoming familar with this platform though a Forex MT4 demo account can be a way for traders who use user friendly trading platform, but wish to unlock the power and potential of MT4.
MT4 is itself a very well established platform which has a dedicated support community, where the trader can find more indicators in addition to the number provided on the platform (typically 50+, but can be more or less) and if the broker supports the use of automated trading strategies, a wide range of these.
