MT4Download.com may earn a commission when you open an account with a broker through links on this site, at no extra cost to you. This does not influence our assessments — we only recommend brokers we consider reputable and regulated. See our full disclosure.
Brokers · Comparison
Best MT4 Brokers (2026)
The best MT4 brokers, compared on what actually matters: regulation, costs, minimum deposit, platform support, and who each one suits. Independent and transparent.
Every broker below offers MetaTrader 4 (and MetaTrader 5 alongside it), is regulated, and earns its place on factual criteria — not on what it pays us. We rank on regulation and trust, trading costs, minimum deposit, platform support, and who a broker genuinely suits. Here are the best MT4 brokers for 2026.
| # | Broker | Min deposit | Platforms | Best for | Regulation | Visit broker |
|---|---|---|---|---|---|---|
| 1 | Pepperstone Top pick | $0 | MT4 · MT5 · cTrader · TradingView | Trusted, Tier-1 geos, Copy trading | ASIC, FCA, CySEC, DFSA | Visit → |
| 2 | XM | $5 | MT4 · MT5 | Beginners, Low deposit | CySEC, ASIC, DFSA, FSC | Visit |
| 3 | IC Markets | $200 | MT4 · MT5 · cTrader | Scalping, EAs, Raw spread | ASIC, CySEC, FSA | Visit |
| 4 | Exness | $10 | MT4 · MT5 | Low cost, Emerging markets | CySEC, FCA, FSCA, FSA | Visit |
| 5 | FP Markets | $100 | MT4 · MT5 · cTrader · TradingView | ECN pricing, Low spread | ASIC, CySEC | Visit |
| 6 | FxPro | $100 | MT4 · MT5 · cTrader | Execution quality, Multi-platform | FCA, CySEC, FSCA, SCB | Visit |
| 7 | AvaTrade | $100 | MT4 · MT5 | Regulated, Trust-sensitive geos | CBI, ASIC, FSCA, FSA | Visit |
Ranked on our editorial criteria, not on commercial terms — see how in our editorial policy. We may earn a commission if you open an account through our links, at no extra cost to you (disclosure). Figures are accurate to our latest review; brokers change terms, so confirm current details on the broker's site.
How we ranked these brokers
We weighed five things, in roughly this order of importance:
- Regulation & trust — the licences held and where the broker is permitted to operate.
- Costs — spreads and commissions for typical retail trading.
- Minimum deposit & accessibility — how easily a newcomer can start.
- Platform support — real MetaTrader 4 support, plus MT5 and mobile.
- Suitability — who the broker fits, from beginners to scalpers running EAs.
We score each broker on these criteria in its individual review — see the scorecards in our XM, Exness, IC Markets, and Pepperstone reviews. This shortlist is curated for everyday suitability rather than sorted purely by score, so the order reflects how well each broker fits common needs.
Whichever you choose, do your own check too: see how to verify a broker is regulated, the forex broker red flags to watch for, and what to do about withdrawal problems.
Our top picks explained
| Min deposit | $0 |
|---|---|
| Platforms | MT4, MT5, cTrader, TradingView |
| Best for | Trusted, Tier-1 geos, Copy trading |
| Regulation | ASIC, FCA, CySEC, DFSA |
Our highest-scored all-rounder: tier-1 regulation (FCA, ASIC, CySEC, DFSA), tight raw spreads, a $0 minimum, and the widest platform choice.
| Min deposit | $5 |
|---|---|
| Platforms | MT4, MT5 |
| Best for | Beginners, Low deposit |
| Regulation | CySEC, ASIC, DFSA, FSC |
The easiest place to start: a $5 minimum, beginner-friendly accounts, and regulation across four jurisdictions — our pick for new traders.
| Min deposit | $200 |
|---|---|
| Platforms | MT4, MT5, cTrader |
| Best for | Scalping, EAs, Raw spread |
| Regulation | ASIC, CySEC, FSA |
Built for scalping and EAs, with raw spreads and fast execution — popular with automated and high-volume traders.
Most of these brokers are offshore and don't accept US residents. US traders must use an NFA-regulated broker — OANDA, tastyfx, or Forex.com. We'll never steer you to a broker that isn't allowed to serve you.
Find your broker · about 30 seconds
Still deciding? Get matched in 30 seconds
Answer three quick questions and we'll point you to a regulated broker that fits — with the reasons, not a sales pitch.
Step 1 of 3
Your match
Your recommended broker
Why this pick: Our highest-scored all-rounder (4.5/5): tier-1 regulation (FCA, ASIC, CySEC, DFSA), tight raw spreads, and a $0 minimum.
| Min deposit | $0 |
|---|---|
| Platforms | MT4, MT5, cTrader, TradingView |
| Best for | Trusted, Tier-1 geos, Copy trading |
| Regulation | ASIC, FCA, CySEC, DFSA |
Read the full review → · Also compare: HFMOANDA
Why this pick: Best for getting started: a $5 minimum, beginner-friendly accounts, and regulation across four jurisdictions.
| Min deposit | $5 |
|---|---|
| Platforms | MT4, MT5 |
| Best for | Beginners, Low deposit |
| Regulation | CySEC, ASIC, DFSA, FSC |
Read the full review → · Also compare: PepperstoneFBS
Why this pick: Best for low cost: a strong 4.1 overall with one of the highest cost scores, a $10 minimum, and cent accounts to start small.
| Min deposit | $10 |
|---|---|
| Platforms | MT4, MT5 |
| Best for | Low cost, Emerging markets |
| Regulation | CySEC, FCA, FSCA, FSA |
Read the full review → · Also compare: IC MarketsTickmill
Why this pick: Best for scalping & EAs: raw spreads, fast execution, and MT4 + cTrader — built for automated and high-volume trading.
| Min deposit | $200 |
|---|---|
| Platforms | MT4, MT5, cTrader |
| Best for | Scalping, EAs, Raw spread |
| Regulation | ASIC, CySEC, FSA |
Read the full review → · Also compare: PepperstoneFP Markets
Why this pick: Best for a tiny budget: a $5 minimum with cent-account access, so you can trade live at very small size while you learn.
| Min deposit | $5 |
|---|---|
| Platforms | MT4, MT5 |
| Best for | Asia, Africa, Low deposit |
| Regulation | CySEC, ASIC, FSC |
Read the full review → · Also compare: ExnessOcta
Why this pick: In the US, only NFA/CFTC-regulated brokers may legally serve you — OANDA is the one on our list that qualifies (operating since 1996; FCA, ASIC, MAS, CFTC/NFA).
| Min deposit | $0 |
|---|---|
| Platforms | MT4, MT5, TradingView |
| Best for | Trusted, US-permissible (direct), Singapore |
| Regulation | FCA, ASIC, MAS, CFTC/NFA, CIRO |
We rank on regulation, cost, and suitability — never on commission (how we rank). Trading is high-risk and most retail traders lose money.
Most offshore MT4 brokers don't accept US residents. See OANDA or our US-friendly options — we'll never route you to a broker that can't legally serve you.
Best MT4 broker by need
Different priorities point to different brokers. We've broken the field down by the most common intents:
- For beginners — low minimums, education, and a gentle learning curve.
- For scalping — raw spreads, fast execution, and scalping-friendly terms.
- For EAs & automated trading — EA-friendly conditions and VPS support.
- Lowest spreads — the tightest all-in cost (spread + commission).
- ECN / raw accounts — true ECN execution with raw spreads plus commission.
- Swap-free (Islamic) — no overnight swap, for Sharia-compliant trading.
- Cent accounts — real money at cent-sized risk, ideal for testing.
Not sure how account types differ? Read ECN vs standard accounts, or compare brokers head-to-head in the comparison matrix.
Related guides & reviews
Read our full broker reviews — XM, Exness, IC Markets, Pepperstone, OANDA (US-friendly), FxPro, Octa, FxOpen, RoboForex, and more in the broker directory. New to trading? See what MT4 is. Trading from a specific country? Browse MT4 brokers by country. Weighing platforms? See MT4 vs MT5, or the data behind it in our 2026 platform study. Head-to-head comparisons: XM vs Exness, XM vs Pepperstone, IC Markets vs Pepperstone, and Exness vs IC Markets.
We rank on regulation, cost & suitability — never on commission. How we rank.
Trading forex/CFDs is high-risk; most retail traders lose money. Not financial advice.
Ready to start with our top-rated broker?
Pepperstone is our highest-scored MT4 broker for 2026 — tier-1 regulated, tight raw spreads, and a free demo. Not the one for you? Use the 30-second matcher above.
Affiliate disclosure: we may earn a commission if you open a broker account through our links, at no extra cost to you. Learn more.
Frequently asked questions
What is the best MT4 broker?
There's no single best broker for everyone. By our scorecard, Pepperstone rates highest overall — tier-1 regulation (FCA, ASIC) and tight raw spreads. For beginners, XM stands out for its $5 minimum, multi-regulation, and simple setup. The right pick depends on your country, your costs, and whether you run automated strategies — see each broker's scored review.
Are these MT4 brokers regulated?
Every broker in our table holds at least one established regulatory licence — commonly CySEC, FCA, ASIC, DFSA, or FSCA. Regulation matters for fund safety and dispute resolution, so we weigh it heavily. Always confirm a broker is authorised in your own country before depositing.
How much money do I need to start trading on MT4?
Less than most people expect. Minimum deposits among these brokers range from $0 to a few hundred dollars; several start at $5–$10. You can also use a free demo account with virtual money before depositing anything.
Which is the best MT4 broker for beginners?
We rate XM as a strong starting point for beginners thanks to its low $5 minimum, beginner-friendly account types, and multi-jurisdiction regulation. See our dedicated guide to the best MT4 broker for beginners for the full reasoning.
Can US residents use these brokers?
Mostly no. Most of the brokers listed are offshore and do not accept US clients. US residents must use an NFA-regulated broker such as OANDA, tastyfx, or Forex.com. Never trade with an offshore broker that isn't authorised to serve you.
Do all of these brokers offer MetaTrader 4?
Yes. Every broker here offers MetaTrader 4, and all of them offer MetaTrader 5 alongside it. Our 2026 audit found all 21 leading MT4 brokers also run MT5, so you can switch platforms without changing broker.
Trading foreign exchange and contracts for difference (CFDs) carries a high level of risk and may not be suitable for all investors. Leverage can work against you as well as for you. You could lose some or all of your deposited funds; do not trade with money you cannot afford to lose. Past performance is not indicative of future results. Nothing on MT4Download.com is financial, investment, or trading advice. Consider your circumstances and seek independent advice if needed.