2026 ranking

Best MT4 forex brokers

MetaTrader 4 remains the most popular retail trading platform for its charting, automated trading (EAs) and reliability. These brokers all support MT4 and score highly on execution and cost.

IC Markets ASIC, CySEC, FSA

PlatformsMT4 · MT5 · cTrader

4.9

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Pepperstone FCA, ASIC, CySEC

PlatformsMT4 · MT5 · cTrader · TradingView

4.8

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Exness CySEC, FSCA, FSA

PlatformsMT4 · MT5

4.6

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FXTM FSC, FSCA, CMA

PlatformsMT4 · MT5

4.4

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HFM FCA, CySEC, DFSA, FSCA

PlatformsMT4 · MT5

4.2

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XM Group ASIC, CySEC, DFSA

PlatformsMT4 · MT5

4.0

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AvaTrade CBI, ASIC, FSCA, ADGM

PlatformsMT4 · MT5

3.8

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Ranked by the SpreadScout Score from hands-on testing on funded accounts. We may earn a commission — it never affects the ranking. 74–89% of retail CFD accounts lose money.

MT4 brokers — frequently asked

Is MT4 or MT5 better?

MT4 has the largest library of indicators and EAs; MT5 adds more timeframes, instruments and a built-in economic calendar. Most of these brokers offer both.

Can I run Expert Advisors (EAs) with these brokers?

Yes — all MT4 brokers on this list permit automated trading with EAs, and most allow scalping.

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