Best Brokers for MT4
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If you want to make money on the Forex trading in the most comfortable and secure conditions, MetaTrader 4 is exactly what you need. The platform is perfect for foreign exchange trading, financial market sector analysis, and the usage of trading advisors.
MetaTrader 4 is appropriate for advanced traders as well as newcomers inasmuch as it offers a wide range of features for any skill level including:
- Enhanced technical analysis
- Flexible trading system
- Algorithmic trading
- Mobile applications (Android, iOS, and Huawei)
The choice of the best broker for MetaTrader 4 will ensure the comfort of the trading process, funds protection, and access to new market opportunities.
Top 5 brokerage companies for trading on MetaTrader 4:
- Admiral Markets
- IC Markets
- RoboForex
- Vantage
- Pepperstone
RoboForex
Basic info:
- Min initial investment – $10
- Leverage – 1:2000
Benefits of RoboForex:
- Different types of accounts (Demo, Islamic)
- Copy trading
- 8 asset classes
Downsides of RoboForex:
- No cryptocurrency instrument when trading on the R Trader platform
Admiral Markets
Basic info:
- Min initial investment – $100
- Leverage – 1:500
Benefits of Admiral Markets:
- Great pricing offers on the pairs with currencies EUR and USD
- Excellent educational materials
- Wide range of trading symbols – 8.425 options
Downsides of Admiral Markets:
- Limited choice of trading symbols for the Prime accounts on MT5
- Lack of implementation of new technologies
IC Markets
Basic info:
- Min initial investment – $200
- Leverage – 1:500
Benefits of IC Markets:
- Automated strategies of Copy trading
- Competitive pricing
- Low Forex fees
Downsides of IC Markets:
- Limited products choice
- Slow clients support service
RoboForex
Basic info:
- Min initial investment – $10
- Leverage – 1:2000
Benefits of RoboForex:
- Different types of accounts (Demo, Islamic)
- Copy trading
- 8 asset classes
Downsides of RoboForex:
- No cryptocurrency instrument when trading on the R Trader platform
Vantage
Basic info:
- Min initial investment – $200
- Leverage – 1:500
Benefits of Vantage:
- Access to a multiplicity of Copy trading platforms
- Provision of add-ons for MT4 like Smart Trader
Downsides of Vantage:
- Limited selection of tradeable symbols – only 257 positions
Consider that to make the right choice of the brokerage company for MetaTrader 4 trading it is necessary to determine your requirements and preferences first and look for a broker that meets them.
Pepperstone
Basic info:
- Min initial investment – $200
- Leverage – 1:500/1:30
Benefits of Pepperstone:
- Great variety of third-party platforms for Copy trading
- Competitive pricing policy for users who actively use Razor accounts
Downsides of Pepperstone:
- No educational tutorials and interactive courses
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