Best MT4 Forex Brokers 2026
The gold standard for forex trading. Compare top brokers offering MetaTrader 4.
Written by
Sarah Chen
Fact Checked by
James Anderson
Why MetaTrader 4?
MetaTrader 4 (MT4) remains the most popular forex trading platform in the world, despite being released in 2005. Its enduring popularity is due to its simplicity, reliability, and the massive library of custom indicators and Expert Advisors (EAs) available for automated trading. Almost every major broker offers MT4, but the trading conditions, server execution speeds, and plugin availabilty vary significantly.
Is MT4 free to use?
Yes, the MT4 platform software is free to download and use on desktop and mobile. Brokers pay the license fee to MetaQuotes.
MT4 Setup
Tools for automated trading.
| Broker | ||
|---|---|---|
| AvaTrade | MT4, MT5, Web | Yes |
| Exness | MT4, MT5 | Yes |
| XM | MT4, MT5 | Yes |
| HFM | MT4, MT5 | Yes |
| FXTM | MT4, MT5 | Yes |
| Axi | MT4 | Yes |
| IC Markets | MT4, MT5, cTrader | Yes (Unlimited) |
| Pepperstone | MT4, MT5, cTrader | Yes |
| FP Markets | MT4, MT5, Iress | Yes |
| Tickmill | MT4, MT5 | Yes |
Detailed Broker Analysis
The Skalper's Choice
IC Markets is widely recognized as the best broker for automated MT4 trading. Their New York (NY4) server location ensures extremely low latency, which is critical for EAs and scalpers. They offer a true ECN environment with no requotes.
Smart MT4 Tools
Pepperstone enhances the standard MT4 experience by including their 'Smart Trader Tools' package for free. This adds functionality like advanced one-click trading, alarm managers, and correlation matrices directly into the platform.
Reliable ECN
FP Markets offers a robust MT4 solution with raw ECN pricing. They are particularly generous with their VPS sponsorship program, making them a great home for traders running heavy automated strategies 24/7.
Fixed Spread MT4
For traders who prefer stability, AvaTrade offers fixed spreads on its MT4 platform. This makes it easier to calculate costs and creates a more predictable environment for beginners or news traders avoiding slippage.
Instant Withdrawals MT4
Exness offers exceptional MT4 execution with instant withdrawals and unlimited leverage. Free VPS and tick history data for EA developers.
No Requotes MT4
XM guarantees no requotes on MT4 with 99.35% of orders executed in under 1 second. Free VPS and low $5 minimum deposit.
Zero Spread MT4
HFM offers zero spread accounts on MT4 with HFCopy integration. Premium trading tools and fast execution with no dealing desk.
NDD Execution
FXTM provides no dealing desk execution on MT4 with pivot points tool and FXTM Invest copy trading integration.
MT4 Specialist
Axi is a pure MT4 specialist with PsyQuation AI analytics and Autochartist. No inactivity fee and ECN execution.
Low Commission MT4
Tickmill offers ultra-low commissions on MT4 with fast execution under 30ms. All strategies allowed including scalping.
Frequently Asked Questions
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January 2026