MetaTrader 4 (MT4) is used by millions of forex traders and is regarded as the most popular trading platform in the world.
Below we will feature what we consider to be the best MT4 forex brokers of 2022.
Since just about any serious forex broker is offering MT4, the following criteria separate the good from the bad:
- Licence and regulation
- Order execution
- Pricing, Spreads & Fees
- Customer Support
- Order processing (STP or Market Making)
Always do your own due diligence before choosing a broker and make sure the broker is regulated!
Best MT4 Brokers
We consider the following brokers to the best for traders using the MT4-platform.
Skilling is a Scandinavian-owned brokerage offering MT4 in addition to cTrader and Skilling Trader.
Skilling is regulated by CySEC (1:30 leverage) and the Seychelles FSA (1:500 leverage).
Super-quick order execution (STP) combined with interbank spreads (ECN) makes Skilling an excellent MT4 broker for both beginners and professionals.
🏆 Best Overall Broker 2022
✅ Up to 1:500 leverage
✅ Skilling Trader, MT4 & cTrader
✅ 900+ instruments
✅ Nordic Fintech
✅ Fast 24/5 customer support
Pepperstone is used by more than 300,000 forex traders and offers MT4, MT5, cTrader, and TradingView.
In addition, all clients can download the “Smart Trader Tool” plugin package for MT4, which contains tens of super useful plugins.
Pepperstone offers institutional-grade pricing with spreads from 0,0 pips.
🏆 Best TradingView Broker 2022
✅ 1:30 | 1:400 leverage
✅ MT4, MT5 & cTrader
✅ 1200+ instruments
✅ Raw interbank spreads
✅ Fast 24/5 customer support
Blueberry Markets is regulated by both ASIC (1:30 leverage) and the SCB (1:500 leverage).
They offer both MT4 and MT5 with interbank pricing with spreads from 0.0 pips.
🏆 Best MetaTrader Broker 2022
✅ 1:500 Leverage
✅ Spreads from 0.0
✅ No Dealing Desk (NDD)
✅ Top Rated Broker with FPA
✅ 24/7 Customer Support
Benefits of MetaTrader 4 (MT4)
The main benefit of MT4 is the enormous amount of customization available for traders.
You can download and use hundreds, if not thousands, of custom-made indicators, plugins, and expert advisors (algorithms).
MT4 has a built-in signal service, which let you subscribe to the best performing trading signals for a fee.
If you learn the MQL4 coding language, you can develop your very own indicator or expert advisor to use.
Due to the enormous popularity of the platform, there will be no issue finding documentation and literature about MQl4-coding.
You will have no issues finding a broker that is offering MT4, but if the broker has slow execution, slippage, high spreads and fees, and poor customer service, then its a problem.
The brokers mentioned above have been thoroughly reviewed by us and we think they will give you an excellent MT4 experience.
What is MT4?
MT4 (MetaTrader 4) is a trading platform developed by MetaQuotes Software.
What are MT4 brokers?
MT4 brokers are brokers that offer trading through the MT4 platform.