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.Â
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 4Â 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:Â
- No educational tutorials and interactive courses
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