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Home / Best MetaTrader 4 (MT4) Forex Brokers 2026
Expert Rankings, Updated April 2026

Best MetaTrader 4 (MT4) Forex Brokers 2026

Top regulated brokers offering MT4. the world's most popular forex trading platform

MT4 Platform
EAs Supported
1000+ Instruments

Quick Answer: Best Forex Brokers for Best MetaTrader 4 (MT4) Forex Brokers 2026

The best MT4 forex brokers in 2026 are: 1) Pepperstone – MT4 with Autochartist, Smart Trader Tools, and cTrader side-by-side; 2) IC Markets – MT4 with ultra-low latency servers in NY4 and LD4; 3) XM – MT4 with 1000+ instruments and 30+ indicators; 4) Exness – MT4 with unlimited leverage and instant withdrawal; 5) AvaTrade – MT4 with ZuluTrade copy trading integration. All offer MT4 for desktop, web, and mobile.

Top 5 Best MetaTrader 4 (MT4) Forex Brokers 2026 (2026)

Ranked by spreads, execution quality, regulation, and trader reviews.

IC Markets logo
IC
IC MarketsMT4 Low Latency4.7/5
★★★★½4.6★ Trustpilot (41,000 reviews)

We rate IC Markets highest for MT4 with ultra-low latency, co-located servers in NY4 and LD4, and raw 0.0 pip spreads on the ECN account.

MT4MT5cTrader
ASIC Regulated
Min Deposit
$200
Spreads From
0.0 pips (Raw)
Regulated by
ASIC, CySEC, FSA
Open Free Account →Full Review
XM logo
XM
XMMT4 1000+ Instruments4.5/5
★★★½☆3.5★ Trustpilot (4,800 reviews)

XM works best for MT4 beginners with 1000+ instruments, 30+ indicators pre-installed, and a $5 minimum deposit with free educational content.

MT4MT5
CySEC Regulated
Min Deposit
$5
Spreads From
0.6 pips (Standard)
Regulated by
CySEC, ASIC, DFSA, FSC
Open Free Account →Full Review
Pepperstone logo
PP
PepperstoneMT4 + Smart Tools4.7/5
★★★★½4.6★ Trustpilot (3,900 reviews)

Pepperstone suits MT4 users. Autochartist integration, Smart Trader Tools, and cTrader side-by-side, all with FCA and ASIC regulation.

MT4MT5cTraderTradingView
FCA Regulated
Min Deposit
$200
Spreads From
0.0 pips (Razor)
Regulated by
FCA, ASIC, CySEC, DFSA, SCB
Open Free Account →Full Review
Exness logo
EX
ExnessMT4 Instant Withdraw4.8/5
★★★★☆4.1★ Trustpilot (17,200 reviews)

Exness stands out for MT4 with unlimited leverage on offshore accounts, instant withdrawals, and 24/7 account management via the Exness Trader app.

MT4MT5
FCA Regulated
Min Deposit
$10
Spreads From
0.0 pips (Zero)
Regulated by
FCA, CySEC, FSCA, FSA
Open Free Account →Full Review
AvaTrade logo
AV
AvaTradeMT4 + ZuluTrade4.6/5
★★★★☆4.4★ Trustpilot (8,900 reviews)

AvaTrade works well for MT4 with ZuluTrade copy trading integration, automated strategy testing, and multi-regulated safety across 6 jurisdictions.

MT4MT5AvaTradeGO
ASIC Regulated
Min Deposit
$100
Spreads From
0.9 pips (Standard)
Regulated by
ASIC, FCA, FSCA, CBI, ADGM
Open Free Account →Full Review

Side-by-Side Broker Comparison

BrokerMin DepositSpreadsRegulationScorePlatforms
IC Markets$2000.0 pips (Raw)ASIC, CySEC, FSA4.7MT4, MT5, cTrader
XM$50.6 pips (Standard)CySEC, ASIC, DFSA, FSC4.5MT4, MT5
Pepperstone$2000.0 pips (Razor)FCA, ASIC, CySEC, DFSA, SCB4.7MT4, MT5, cTrader, TradingView
Exness$100.0 pips (Zero)FCA, CySEC, FSCA, FSA4.8MT4, MT5
AvaTrade$1000.9 pips (Standard)ASIC, FCA, FSCA, CBI, ADGM4.6MT4, MT5, AvaTradeGO

How We Test and Rank These Brokers

Every broker on this page was tested with a real funded account. We measure live spreads across multiple trading sessions, test withdrawal speed and reliability, verify regulatory status directly with licensing authorities, and factor in thousands of verified Trustpilot reviews from actual traders.

Brokers cannot buy higher rankings. If a broker falls short during testing, it gets removed regardless of any commercial arrangement. Our goal is to save you the time and risk of testing brokers yourself. Read our full testing methodology.

#1 Rated for Best MetaTrader 4 (MT4) Forex Brokers 2026

IC Markets: MT4 Platform

We rate IC Markets highest for MT4 with ultra-low latency, co-located servers in NY4 and LD4, and raw 0.0 pip spreads on the ECN account.

Open IC Markets Account →
74-89% of retail accounts lose money

Best MetaTrader 4 (MT4) Forex Brokers 2026: FAQs

Is MT4 still worth using in 2026?+

Yes, MT4 remains the most widely used forex trading platform in 2026. Its Expert Advisor (EA) community is unmatched, with thousands of free and premium automated trading systems available. MT4 has a lower learning curve than MT5, extensive indicator libraries, and broad broker support. For forex traders using EAs or custom indicators, MT4 is still the best choice.

What is the difference between MT4 and MT5?+

MT4 is optimized for forex trading with simpler order types and the largest EA library. MT5 supports more asset classes (stocks, futures, crypto), has more timeframes (21 vs 9), hedging and netting modes, and improved order types. MT5 EAs are not backwards-compatible with MT4. Most professional forex-only traders still prefer MT4 for its speed and community.

Which is the best MT4 broker for Expert Advisors (EAs)?+

IC Markets is the best MT4 broker for EAs, with co-located VPS services in NY4 and LD4, ultra-low 40ms execution, and explicitly allows all automated trading strategies. Pepperstone is a close second with Smart Trader Tools for MT4. Both offer free or subsidized VPS hosting for traders meeting volume requirements.

Can I trade MT4 on my phone?+

Yes, MetaTrader 4 is available as a free iOS and Android app from MetaQuotes. All five brokers listed. Pepperstone, IC Markets, XM, Exness, and AvaTrade. support MT4 mobile. The mobile app includes real-time charts, order management, push notifications, and account monitoring. Full functionality is available on smartphone.

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Rankings based on live spread sampling, execution quality, regulation, and Trustpilot scores. We open and fund real accounts. Brokers cannot pay for higher rankings. Last updated: April 2026.

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