One of the essential tools for online traders is undoubtedly the trading platform. When it comes to choosing a trading platform, the majority knows or at least heard of MetaTrader4 or MT4. Even though new technology is developing fast, thousands and million traders use MT4 as a mainstay.
MetaTrader 4 is developed in 2000 by MetaQuotes Software Corp and initially released in 2005. Today, the MetaTrader suite, licensed by brokers and offered to traders, is among the most popular trading platforms for CFDs and retail forex trading globally.
MT4 is the most popular trading platforms on the planet. As for Forex trading, it most certainly is. Various statistics are floating around that you can look into. Still, the average statistic states that something along the lines of 90% of all retail trading in the currency markets is done with the MetaTrader platform.
There are a few reasons for the popularity of the MetaTrader 4 trading platform. First of all, it was the first trading platform to come with an in-built scripting language, called the MQL4. With this, traders can create their expert advisors (EAs) for algorithmic trading or automated trading.
Secondly, the MetaTrader 4 trading platform also comes with an advanced charting package. The charts can support multiple timeframes. There is an extensive library of technical indicators that traders can access to overlay trading chart of the trading instrument, for a more accurate reading of the market. Furthermore, MetaTrader 4 is well known for its iron-clad security. The platform uses 128-bit encryption to offer the users a safe and secure trading environment. It is highly customizable and allows users to change the language of the user interface and look of the trading screen.
Is MetaTrader 4 for trading forex only?
The MetaTrader 4 platform (MT4) is predominantly for forex trading. However, depending on the broker, MT4 often comes with other symbols such as CFDs on indices, commodities, futures, energies, and metals.
Choosing the right MetaTrader 4 broker for you
Finding the best MetaTrader 4 broker for investing and trading forex can be difficult.
If you are a trader who insists on using the MetaTrader4 to trade with, you will need to choose a broker offering this generic platform. When selecting the MetaTrader broker, traders should consider the broker's trustworthiness (where it is regulated), the number of tradeable securities offered, pricing, customer service quality, and any available add-ons offered beyond the default MetaTrader experience.
After you decide on a broker you want to use for MetaTrader 4, you open and fund a brokerage account. After that, you can start trading CFDs and forex with MetaTrader 4. Also, most brokers offer demo accounts so you can use virtual funds to practise trading before funding with real money.
Compare the best Forex brokers for MetaTrader 4 in 2021
To help you narrow down the brokers' choice that supports this powerful trading platform, we have collated the best MT4 brokers below. Here is a list of the best MetaTrader 4 brokers that will help you start trading forex in 2021.
>>> City Index <<<
City Index Review on WiBestBroker.com Click Here.
Broker name: Gain Capital
Operating since: 1983.
Offices in: United Kingdom
Regulated by: FCA
Website: www.cityindex.co.uk
Trading platforms: Web Trader, AT Pro, MetaTrader 4
Minimum deposit: N/A
Depositing options: N/A
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>>> Libertex <<<
Libertex Review on WiBestBroker.com Click Here.
Broker name: Libertex
Operating since: 1997.
Offices in: Cyprus
Regulated by: CySEC
Website: www.libertex.com
Trading platforms: MetaTrader 4, Libertex
Minimum deposit: N/A
Depositing options: N/A
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>>> FXCM <<<
FXCM Review on WiBestBroker.com Click Here.
Broker name: FXCM
Operating since: 1999.
Offices in: United Kingdom
Regulated by: FATCA
Website: www.fxcm.com
Trading platforms: Trading Station, MetaTrader 4
Minimum deposit: 50
Depositing options: N/A
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>>> LiteForex <<<
LiteForex Review on WiBestBroker.com Click Here.
Broker name: LiteForex
Operating since: 2005.
Offices in: Marshall Island
Regulated by: Marshall Island's Business Corporation Act
Website: www.liteforex.com
Trading platforms: MetaTrader 4, MetaTrader 5
Minimum deposit: $50
Depositing options: N/A
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>>> XTB <<<
XTB Review on WiBestBroker.com Click Here.
Broker name: N/A
Operating since: 2005.
Offices in: Belize
Regulated by: FCA
Website: www.xtb.com
Minimum deposit: N/A
Depositing options: N/A
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>>> IC Markets <<<
IC Markets Review on WiBestBroker.com Click Here.
Broker name: International Capital Markets Pty Ltd
Offices in: Australia
Operating since: 2007.
Regulated by: ASIC
Trading platforms: MetaTrader 4, Metatrader 5, cTrader, Web Trader
Website: www.icmarkets.com
Minimum deposit: N/A
Depositing options: Credit and debit cards, PayPal, Skrill, Bpay, Union Pay, Neteller, FasaPay, Broker to Broker, POLI, Thai Internet Banking, Rapidpay, Klarna, Bitcoin Wallet, UnionPay, Wire Transfer, and many more.
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>>> Forex4you <<<
Forex4you Review on WiBestBroker.com Click Here.
Broker name: Forex4you
Operating since: 2007.
Offices in: Virgin Island
Regulated by: FSC
Website: www.forex4you.com
Trading platforms: MetaTrader 4, Web Trader
Minimum deposit: 1
Depositing options: N/A
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>>> Exness <<<
Exness Review on WiBestBroker.com Click Here.
Broker name: Exness
Operating since: 2008.
Offices in: Cyprus and Venezuela
Regulated by: N/A
Website: www.exness.com
Trading platforms: MetaTrader 4, MetaTrader 5, Mobile Platform, MetaTrader 4 Web Terminal
Minimum deposit: $1 (for Mini Account)
Depositing options: N/A
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>>> FXChoice <<<
FXChoice Review on WiBestBroker.com Click Here.
Broker name: FXChoice
Operating since: 2010.
Offices in: Belize
Regulated by: IFSC
Website: www.myfxchoice.com
Trading platforms: MetaTrader 4, MetaTrader 5, Web Trader
Minimum deposit: 100
Depositing options: N/A
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>>> FSMSmarts <<<
FSMSmarts Review on WiBestBroker.com Click Here.
Broker name: FSMSmarts
Operating since: 2017.
Offices in: Switzerland
Regulated by: N/A
Website: www.fsmsmarts.com
Trading platforms: Meta Trader 4, Meta Trader 5
Minimum deposit: N/A
Depositing options: Visa, Master Card, Maestro
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>>> HQBroker <<<
HQBroker Review on WiBestBroker.com Click Here.
Broker name: HQBroker
Operating since: 2017.
Offices in: Hong Kong
Regulated by: N/A
Website: www.hqbroker.com
Trading platforms: MetaTrader 4 for Desktop, Mobile (Android and Apple) and Tablet, and Web Trader
Minimum deposit: N/A
Depositing options: N/A
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>>> ROinvesting <<<
ROinvesting Review on WiBestBroker.com Click Here.
Broker name: ROinvesting
Operating since: 2017.
Offices in: Cyprus
Regulated by: CySEC
Website: www.roinvesting.com
Minimum deposit: 250$
Depositing options: Visa, Maestro, MasterCard, Skrill, Neteller, PayPal, SafeCharge, MIR Limited, Wirecard, Decta, etc.
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>>> HFTrading <<<
HFTrading Review on WiBestBroker.com Click Here.
Broker name: HFTrading
Operating since: 2018.
Offices in: New Zealand
Regulated by: ASIC/FMA
Website: www.hftrading.com
Trading platforms: MetaTrader 4
Minimum deposit: $250
Depositing options: N/A
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>>> ETFinance <<<
ETFinance Review on WiBestBroker.com Click Here.
Broker name: ETFinance
Operating since: 2019.
Offices in: Cyprus
Regulated by: CySEC
Website: www.etfinance.eu
Minimum deposit: $250
Depositing options: N/A
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>>> OnlineMarketShare <<<
OnlineMarketShare Review on WiBestBroker.com Click Here.
Broker name: OnlineMarketShare
Operating since: 2019.
Offices in: The Commonwealth of Dominica
Regulated by: N/A
Website: N/A
Trading platforms: Meta Trader 4
Minimum deposit: $250
Depositing options: N/A
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>>> 101investing <<<
101investing Review on WiBestBroker.com Click Here.
Broker name: 101investing
Operating since: 2020.
Offices in: Cyprus
Regulated by: CySEC
Website: www.101investing.com
Trading platforms: Meta Trader 4
Minimum deposit: 100$
Depositing options: N/A
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>>> Brokereo <<<
Brokereo Review on WiBestBroker.com Click Here.
Broker name: Brokereo
Operating since: 2020.
Offices in: Cyprus
Regulated by: CySEC
Website: www.brokereo.com
Trading platforms: MT4, Mobile, Web
Minimum deposit: 250$
Depositing options: N/A
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>>> DeltaMarket <<<
DeltaMarket Review on WiBestBroker.com Click Here.
Broker name: Global World Ltd.
Operating since: 2020.
Offices in: Republic of the Marshall Islands
Regulated by: N/A
Website: www.deltamarket.net
Trading platforms: Meta Trader 4
Minimum deposit: $250
Depositing options: N/A
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>>> FinMarket <<<
FinMarket Review on WiBestBroker.com Click Here.
Broker name: FinMarket
Operating since: 2020.
Offices in: Cyprus
Regulated by: CySEC
Website: www.finmarket.com
Trading platforms: MetaTrader 4, WebTrader, MobileTrader
Minimum deposit: 250$
Depositing options: N/A
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>>> T1Markets <<<
T1Markets Review on WiBestBroker.com Click Here.
Broker name: T1Markets
Operating since: 2020.
Offices in: Cyprus
Regulated by: CySec
Website: www.t1markets.com
Trading platforms: Meta Trader 4, WebTrader, MobileTrader
Minimum deposit: $250
Depositing options: N/A
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>>> Forex.com <<<
Forex.com Review on WiBestBroker.com Click Here.
Broker name: Forex.com
Operating since: N/A
Offices in: USA
Regulated by: N/A
Website: www.forex.com
Trading platforms: MetaTrader 4
Minimum deposit: 50
Depositing options: N/A
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>>> ThinkMarkets <<<
ThinkMarkets Review on WiBestBroker.com Click Here.
Broker name: ThinkMarkets
Operating since: N/A
Offices in: Bermuda
Regulated by: FCA
Website: www.thinkmarkets.com
Trading platforms: MetaTrader 4, ThinkTrader
Minimum deposit: 250
Depositing options: N/A
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>>> TurboForex <<<
TurboForex Review on WiBestBroker.com Click Here.
Broker name: TurboForex
Operating since: N/A
Offices in: Marshall Island
Regulated by: N/A
Website: www.turboforex.com
Trading platforms: MetaTrader 4
Minimum deposit: 250
Depositing options: N/A
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