Forex Brokers that Support the MT4 Platform

The MT4 platform is the retail trading platform of choice for a large percentage of individual forex traders. This is because it has a lot of advantages that put it far and above other proprietary platforms used for retail forex trading.

Take a look below for our updated list of Forex brokers that support the MT4 platform.

1
Min. Deposit
$10
Exclusive promotion
Our score
10
Can fund with BTC
64 global companies including Netflix and Amazon
Free deposits and withdrawals
Start Trading
Description:
EagleFX is an online digital asset, Forex and CFD broker providing traders across the globe with cutting edge technology to trade the world’s markets. Our focus has been to change the way people trade Digital Assets and Forex. We are driven to provide traders with incredibly low-cost pricing across all Digital assets, FX, stocks, indices, commodities and futures along with industry-leading 24/7 live customer support.
Payment Methods
Bitcoin, Credit Card, Debit Card, Wire Transfer
Full regulations list:
EagleFX offers leveraged trading on a range of assets within its platform. CFD and Spot Forex trading do carry a degree of risk which may result in you losing more than your initial investment. Please ensure you fully understand the risks involved with leveraged trading and ensure this is not detrimental to your personal or institution's financial well being.
2
Min. Deposit
-
Exclusive promotion
Our score
9.3
Take a position on major global indices, including US Wall St 30 and France 40
Low spreads and accurate pricing reflecting the underlying market
Comprehensive analysis and new for better decision making
Start Trading
Description:
OANDA is the trusted name for Forex and CFD trading. Since 1997 OANDA has established a reputation for fair and transparent pricing and responsive customer service. Easy account opening process.
Payment Methods
Bank Wire, Check, Credit Card
Full regulations list:
CFTC, FCA, IIROC, MAS, NFA
Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest.
3
Min. Deposit
-
Exclusive promotion
Our score
8.7
Forex Demo Account
Trading accounts in EUR, USD, PLN, CZK, GBP
MT4 and MT5 platforms
Start Trading
Description:
Instaforex provides top-notch services and reliability are recognized by numerous awards and proved by the trust of over 7,000,000 clients. A wide selection of offers and investment solutions can meet the needs of any demanding trader. The safety is supported by the licenses from the CySEC, the SNB, the KNF, and CNB. InstaForex has everything to make your trading experience as positive as possible.
Payment Methods
BPAY, Bank Wire, Bitcoin, Boleto, CartaSi, Carte Bleue, China UnionPay, Credit Card, Dankort, Debit Card, Giropay, Ideal, MoneyGram, POLi, Paxum, PayCo, Przelewy24, Sofort, Trustly, Western Union, ePay bg, ePayments Transfer, neteller, postepay, skrill
Full regulations list:

Benefits of using the MetaTrader4 Platform

metatrader4

a)    Ease of Use: The MetaTrader4 (MT4) platform is extremely easy to use, and it most functions that the forex trader will need to use can all be done in one or two steps.

b)    The software is light and easily downloadable, thereby conserving bandwidth and reducing cost of internet usage in areas where cost is determined by bandwidth usage.

c)     Most functions have multiple ways of being accomplished. For instance, if a trader intends to place an order on a currency pair, this can be achieved using 3 or 4 different pathways. This can be done from the chart, from the order tab or even from the file navigation menu. Such range of choice allows traders to use the functions in the way they find easiest to accomplish.

d)    The MT4 has an advanced charting system that is easy to use, complete with tools for chart studies and technical indicators.

e)    The MT4 was built to support expert advisors and custom indicators courtesy of its Metaquotes Language (MQL) program, which gives programmers a language to design software that can communicate with the platform.

f)     It is a very ubiquitious platform. The MT4 is so popular that it is difficult to find market makers in the forex market that do not provide this software. Even brokers who stuck with their proprietary platforms have now discovered that it is bad business not to offer the MT4 as part of their platform products.

With these advantages that far outweigh any disadvantages, what MT4 brokers should traders be using in the market? We list out a few of them below.

Which Forex Brokers offer the MT4 on their Trading Platform?

Interbank FX

The reason why we have placed this MT4 broker on top of the list is simple. With almost every broker out there offering the MT4 platform, brokers have to go the extra mile to do something spectacular with their MT4 platforms for their clients. This is what Interbank FX, a US-based MT4 broker has done with its platform by developing a number of tools for technical analysis. These tools exist as custom indicators which can be attached to the chart for technical analysis. Some of these tools include:

a)    Candlestick pattern recognition tool (IBFX – CPR.ex4)

b)     Pivot calculator

c)     Volatility indicator

d)    MACD histogram

Of all these tools, traders will probably find the candlestick pattern recognition tool very useful. Many trading strategies and trade calls rely on a correct identification of candlesticks to produce results. Candlesticks are very important, but many traders cannot identify them correctly. With this tool, the problem is solved.

GAIN Capital

This MT4 broker which owns the Forex.com brand is on this list for one reason only: the nature of the news supplied on their news bar. Their news tab not only features market news, but the results of the technical analyses done by their research team are put up for traders to use. Yours truly has taken a trade based on their technical recommendation, received as a news feed that brought in 180 pips in one trade. This MT4 broker is therefore worth every penny put into the trading accounts they provide.

Alpari UK

Alpari UK is another MT4 broker that has created a lot of innovation in the way that the MT4 platform is used. This broker was one of the pioneers of the micro account, allowing traders to deposit a minimum of $300 in order to trade micro-lots on their platform. There is also a separate provision for an MT4 platform that is used strictly to trade energy products and spot metals. Alpari UK is also one of the few brokers that offers the Autochartist technical analyses tools to traders who operate live accounts on their platforms.

FxPro

FxPro is on this list because they are one of the first brokers to introduce MT4 trading on the smartphone devices. FxPro presently offers the MT4 on the iPhone, iPad, BlackBerry, Windows phones and the Android devices. So if you love mobile trading and you love the MT4, then you should be trading with FxPro because they are one of the best MT4 brokers out there.

Conclusion

All the brokers mentioned above have two things in common: they are all MT4 brokers, and they offer much more than just the MT4, which gives traders nothing but a pleasurable trading experience.

Adam

More About

Adam is an experienced financial trader who writes about Forex trading, binary options, technical analysis and more.

View Posts - Visit Website

Leave a Reply