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The Best MT4 (MetaTrader 4) Brokers in 2024

Overview of the Best MetaTrader 4 Brokers in 2024

This table provides a comparison of top brokers offering MT4 in 2024, detailing key features such as minimum deposit requirements, leverage, negative balance protection, trading platforms, and credit/debit card support. It helps traders choose the best broker suited to their needs.

BrokerMinimum DepositLeverageNegative Balance ProtectionTrading PlatformCredit/debit card
IC Markets$2001:30 YesMT4, MT5, cTrader, IC Social, Signal Start, ZuluTradeYes
Exness$2001:30 YesMT4, MT5, Exness Terminal (Web), Exness Trade App (Mobile)Yes
IG$01:30 YesMT4, ProRealTime, L2 Dealer, ProprietaryYes
AvaTrade$1001:30 YesMT4, MT5, Ava Web Trader, AvaOptions, AvaSocial, DupliTradeYes
CMC Markets$01:30 YesMT4, iOS, AndroidYes
FOREX.com$1001:30 YesMT4, MT5, WebTrader, TradingView, Mobile AppYes
Tickmill$1001:30 YesMT4, MT5, Mobile trading appYes
Swissquote$01:30 YesMT4, MT5, CFXDYes
XTB$01:30 YesMT4, xStation5Yes
FxPro$1001:30 YesMT4, MT5, cTrader, FxPro Trading Platform, FxPro Direct Mobile AppYes

Trading Fees of the Best MT4 Brokers

The fees associated with a trade, such as spreads, commissions, and other trading costs, are crucial when choosing a broker. To help you make an informed decision, we have compiled a table below showcasing the most important forex spreads.

BrokerEUR/USD SpreadGBP/USD SpreadAUD/USD SpreadEUR/CHF SpreadEUR/GBP Spread
IC Markets0.00.00.00.20.2
Exness0.30.50.41.00.5
IG0.60.90.92.00.9
AvaTrade0.91.51.12.01.5
CMC Markets0.71.20.71.21.1
FOREX.com1.21.51.21.91.2
Tickmill0.20.30.20.70.5
Swissquote1.61.91.62.21.9
XTB0.81.61.51.81.3
FxPro1.41.62.02.91.5

Non-Trading Fees at the Best MetaTrader 4 Brokers

Non-trading fees are charges that are not directly tied to individual trades. These typically include account maintenance, deposit and withdrawal fees, and inactivity fees. The table below provides information on the non-trading fees of the best MT 4 brokers, helping you make an informed choice.

BrokerAccount FeesDeposit FeesWithdrawal FeesInactivity Fees
IC MarketsNo$0$0 No
ExnessNo$0$0No
IGNo$0$0No
AvaTradeNo$0$0Yes
CMC MarketsNo$0$0Yes
FOREX.comNo$0$0 Yes
TickmillNo$0$0No
SwissquoteNo$0$10 Yes
XTBNo$0$0 Yes
FxProNo$0$0Yes

Product Selections at Best MT4 Brokers

Discover the wide range of products available at the best MetaTrader 4 brokers. From stocks and bonds to commodities and cryptocurrencies, these brokers offer a comprehensive selection to meet all your investment needs. Compare product availability to ensure you choose the broker that best aligns with your financial goals.

BrokerStock IndexCommodityBondCrypto
IC Markets✔️✔️✔️✔️
Exness✔️✔️✔️
IG✔️✔️✔️✔️
AvaTrade✔️✔️✔️✔️
CMC Markets✔️✔️✔️✔️
FOREX.com✔️✔️✔️✔️
Tickmill✔️✔️✔️✔️
Swissquote✔️✔️✔️✔️
XTB✔️✔️✔️✔️
FxPro✔️✔️✔️✔️

Can I Trust These MetaTrader 4 Brokers?

When choosing a best MT4 brokers, trust is paramount. We evaluate each broker’s regulatory status, protections available to investors, customer reviews, and track record for transparency and reliability. Learn about the measures these brokers take to protect your investments and ensure a secure trading environment.

BrokerEstablishment YearTop-tier RegulatorsInvestor ProtectionInvolved in the scandal
IC Markets2007FCA in the UK and ASIC in Australia€20k to EU clients and $0 to othersNo
Exness2008FCA in the UK, SEC in the US, CySEC in Cyprus, FSCA in South Africa, BaFin in Germany, ASIC in Australia£85k for UK residents, €20k for EU residents; no specific information on protection is available for other countries.No
IG1974FCA in the United Kingdom, BaFin in Germany, ASIC in Australia, NFA in the United States, FINMA in Switzerland, MAS in Singapore, DFSA in the United Arab Emirates, FSCA in South Africa, JFSA in Japan£85k to UK, €20k to EU clients, CHF 100k to Swiss, and $0 to other clientsNo
AvaTrade2006ASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFIDOnly clients of AVA Trade EU Ltd can be compensated by up to EUR 20,000No
CMC Markets1989FCA in the UK, CIRO in Canada, and ASIC in Australia£85k to UK clients, €20k to EU, CAD 1mn to Canadian, $0 to other clientsNo
FOREX.com2001FCA in the UK and CFTC, NFA in the US£85k to UK and EU clientsNo
Tickmill2014FCA in the UK, and CySEC in Cyprus£85k for UK and €20k for EU clients, $0 for othersNo
Swissquote1996FCA in the UK, FINMA in Switzerland, and CySEC in CyprusCHF 100k for cash at the Swiss entity, £85k at the UK entity, HKD 500k at the Hong Kong entity, and none of the other entities.No
XTB2002FCA in the UK£85k to the UK and €20-22k to EU clients, $0 to othersNo
FxPro2006FCA in the UK, FSCA in South Africa, CySEC in Cyprus, and SCB in the Bahamas£85k to UK clients, $0 to othersNo

The Best MT4 Brokers Snapshot

IC Markets
IC Markets
Mobile App Score5.0
Minimum Deposit$200
Trading PlatformMT4, MT5, cTrader, IC Social, Signal Start, ZuluTrade
Inactivity Fee
Deposit MethodsBank wire, Credit cards, Digital wallets
Withdrawal MethodsBank wire, Credit cards, Digital wallets
Time to Open an Account2 days
Demo Account
Customer ServicesAvailable 24/7 via live chat, phone, and email
Mobile App Score4.4
Minimum Deposit$200
Trading PlatformMT4, MT5, Exness Terminal (Web), Exness Trade App (Mobile)
Inactivity Fee
Deposit MethodsBank transfers, credit/debit cards, and e-wallets
Withdrawal MethodsBank transfers, credit/debit cards, and e-wallets
Time to Open an Account1 day
Demo Account
Customer ServicesAvailable 24/7 via live chat, phone, and email
Mobile App Score5.0
Minimum Deposit$0
Trading PlatformMT4, ProRealTime, L2 Dealer, Proprietary
Inactivity FeeThere is an inactivity fee of $12 per month, but it is only charged after 2 years of inactivity.
Deposit MethodsWire Transfer, Debit Card, Credit Card, PayPal, Visa, Mastercard
Withdrawal MethodsWire Transfer, Debit Card, Credit Card, PayPal, Visa, Mastercard
Time to Open an Account1-3 days
Demo Account
Customer ServicesAvailable 24/7 via live chat, phone, WhatsApp and email
Mobile App Score4.0
Minimum Deposit$100
Trading PlatformMT4, MT5, Ava Web Trader, AvaOptions, AvaSocial, DupliTrade
Inactivity Fee$50 per quarter after 3 months of inactivity. After 12 consecutive months of non-use, an additional annual administrative fee of $100 is charged.
Deposit MethodsCredit/debit cards, Bank wire transfers, and e-wallets like PayPal and Skrill
Withdrawal MethodsCredit/debit cards, Bank wire transfers, and e-wallets like PayPal and Skrill
Time to Open an Account1 day
Demo Account
Customer ServicesAvailable 24/5 via live chat, phone, and email
CMC Markets
CMC Markets
Mobile App Score4.8
Minimum Deposit$0
Trading PlatformMT4, iOS, Android
Inactivity Fee£10 per month after one year of inactivity.
Deposit MethodsCredit/debit card, PayPal, Bank transfer
Withdrawal MethodsCredit/debit card, PayPal, Bank transfer
Time to Open an Account1-3 days
Demo Account
Customer ServicesAvailable 24/5 via live chat, phone, and email
FOREX.com
FOREX.com
Mobile App Score5.0
Minimum Deposit$100
Trading PlatformMT4, MT5, WebTrader, TradingView, Mobile App
Inactivity Fee£/€/AUD 15, £12, or JPY 1500 per month after one year of inactivity.
Deposit MethodsCredit/debit card, wire transfer, PayPal
Withdrawal MethodsCredit/debit card, wire transfer, PayPal
Time to Open an Account1-3 days
Demo Account
Customer ServicesAvailable 24/5 via live chat, phone, and email
Mobile App Score4.0
Minimum Deposit$100
Trading PlatformMT4, MT5, Mobile trading app
Inactivity Fee
Deposit MethodsBank transfers, Visa/Mastercard, Neteller/Skrill, STICPAY, Fasapay, UnionPay, NganLuong.vn, QIWI, WebMoney
Withdrawal MethodsBank transfers, Visa/Mastercard, Neteller/Skrill, STICPAY, Fasapay, UnionPay, NganLuong.vn, QIWI, WebMoney
Time to Open an Account1 day
Demo Account
Customer ServicesAvailable 24/5 via live chat, phone, and email
Swissquote
Swissquote
Mobile App Score4.2
Minimum Deposit$0
Trading PlatformMT4, MT5, CFXD
Inactivity FeeAfter six months of inactivity, Swissquote charges a monthly fee of 10 units of the base currency. This fee continues until activity resumes or the account balance reaches zero.
Deposit MethodsWire Transfer, Credit Card, Visa, Mastercard
Withdrawal MethodsWire Transfer, Credit Card, Visa, Mastercard
Time to Open an Account1 day
Demo Account
Customer ServicesAvailable 24/5 via live chat, phone, and email
Mobile App Score4.8
Minimum Deposit$0
Trading PlatformMT4, xStation5
Inactivity Fee€10 per month after one year of inactivity.
Deposit MethodsBank transfer, Credit/debit cards, PayPal, Paysafe, Skrill, PayU, ecommpay
Withdrawal MethodsBank transfer, Credit/debit cards, PayPal, Paysafe, Skrill, PayU, ecommpay
Time to Open an Account1 day
Demo Account
Customer ServicesAvailable 24/5 via live chat, phone, and email
Mobile App Score4.5
Minimum Deposit$100
Trading PlatformMT4, MT5, cTrader, FxPro Trading Platform, FxPro Direct Mobile App
Inactivity Fee$15 one-off account maintenance fee and $5 monthly fee after 6 months of inactivity.
Deposit MethodsBank transfers, credit and debit cards, and e-wallets like PayPal and Skrill.
Withdrawal MethodsBank transfers, credit and debit cards, and e-wallets like PayPal and Skrill.
Time to Open an Account1 day
Demo Account
Customer ServicesAvailable 24/5 via live chat, phone, and email

Methodology

To choose the best MT4 broker, we thoroughly check, verify, and compare the elements that we consider to be the most important to consider when choosing an excellent broker. This includes the benefits, drawbacks, and overall grades determined by our research. Our goal is to help you find the ideal broker for your investor needs. You can read more about our methodology by visiting this page.

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