UAE Best MT4 Brokers

Our list of the Best UAE forex broker offering MT4 are:

Broker Our Rating Regulation Standard
EUR/USD Spread
GBP/USD Spread
AUD/USD Spread
EUR/USD Spread
GBP/USD Spread
AUD/USD Spread
(USD Base)
MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
1.10 1.40 1.20 0.10 0.40 0.20 $3.50 77ms $0 62+ 12+ 30:1 500:1 Visit Site
0.62 0.83 0.77 0.02 0.23 0.17 $3.50 134ms $0 61+ 18+ 30:1 500:1 Visit Site
1.1 1.3 1.3 0.10 0.20 0.20 $3.00 225ms $100 70+ 10+ 30:1 500:1 Visit Site
82 ASIC, VFSA, FSA-S 0.93 1.08 0.92 0.13 0.21 0.12 $2.25 79ms $0 90+ 10+ 500:1 500:1 Visit Site
- - - - - - - 160ms $100 55+ 15+ 30:1 400:1 Visit Site

1. PEPPERSTONE Best UAE MetaTrader 4 Forex Broker


Forex Panel Score


Average Spread

EUR/USD = 0.1
GBP/USD = 0.4
AUD/USD = 0.2

Trading Platforms

MT4, MT5, cTrader,

Minimum Deposit


Why We Recommend Pepperstone

Pepperstone impressed us with minimal spreads, averaging just 0.1 pips for EUR/USD in the Razor account. The MetaTrader 4 platform, favoured by Pepperstone, offers versatile tools like Expert Advisors for automation and custom indicators creation.

Third-party tools, such as Smart Trader Tools and Figaro by FX Blue, enhance your MT4 experience with suites of EAs and indicators. If you are seeking automated trading without coding expertise, Capitalise provides a user-friendly solution.

Pros & Cons

  • Tight spreads
  • Fast execution speeds
  • Good CFD product range
  • No additional fees
  • Additional tools
  • Lacks guaranteed stop-loss orders
  • Some CFDs are not available on MT42
  • A demo account only lasts 90 days
  • Live chat is only 24/5

Broker Details

Pepperstone Provides The Best Environment For Successful Trading With MetaTrader4

Pepperstone is one of the best global brokers with tight spreads, low fees, and a great range of trading tools. Many forex traders, including us, favour Pepperstone due to the broker’s excellent trading conditions. Similar to an ECN broker, Pepperstone fills orders using external liquidity sources with no dealing desk interference. It meant we could gain access to institutional grade spreads as low as 0.0 pips, and orders were executed quickly with minimal slippage.

Pepperstone Benefits MT4 Copy Trading

Account Types And Forex Spreads

You can choose between two main account types when trading forex and CFDs with Pepperstone. The key difference between trading accounts is spreads and commission fees. Standard Account types offer commission-free spreads from 1.0 pip, while Razor Accounts can trade spreads as low as 0.0 pips but pay a flat rate commission fee. Common benefits and features provided to both Standard and Razor accounts include:

  • No restrictions on trading with hedging and scalping trading strategies are permitted.
  • Flexible lot sizes as small as 0.01 lots with a maximum of 100 lots.
  • An initial minimum deposit of AU$200 is required to open an account.
  • Accounts can be set up with either USD, AUD, GBP, EUR, CAD, CHF, JPY, NZD, SGD, or HKD as the base currency.

pepperstone account international 1 pips

Razor Accounts

Pepperstone’s Razor Account was designed for active traders, professional account managers, and those wanting to automate trading. As spreads can be as low as 0.0 pips, you pay a flat rate commission fee of $3.50 per side, per $100,000 traded. As shown below, Pepperstone’s Razor spreads are the most competitive compared to other brokers. For the EUR/USD, average spreads are 0.16 pips when competing brokers are offering up to 0.50 pips.

Pepperstone Razor Account: Average Spreads
0.10 0.20 0.40 1.00 0.60
0.50 0.70 0.60 0.80 0.80
0.30 0.50 0.50 0.50 0.60
0.44 1.23 1.13 1.23 1.41
0.52 0.80 0.86 1.11 1.13
0.20 0.40 0.50 0.70 0.70
n/a 0.50 0.60 0.40 0.30

Avg. spreads are taken from each broker's website and updated monthly. Last update on 02/01/2024

Standard Accounts

Standard Accounts are great for beginner traders as the pricing structure is simple with no need to perform complex commission fee calculations. Standard spreads are tight, starting from 1.0 pip. When forex spreads are compared to other top brokers with no commission pricing, Pepperstone offers the tightest spreads across most major FX pairs. For the EUR/USD, Pepperstone’s average spread is 1.16 pips, while brokers like are offering 2.10 pips and FxPro 1.58 pips.

Pepperstone Standard Account: Average Spreads
1.40 1.10 2.00 1.60 1.40
1.50 1.20 2.80 2.30 1.50
1.60 1.70 2.50 1.40 1.70
1.20 1.20 1.70 2.70 1.50
1.60 1.20 2.30 2.80 1.90
1.40 1.32 1.87 3.19 1.37
2.50 2.10 2.50 2.10 2.10

Avg. spreads are taken from each broker's website and updated monthly. Last update on 02/01/2024

Compare Pepperstone Spreads


MetaTrader 4 (MT4)

Although released back in 2005, MetaTrader 4 is still the gold standard of retail forex trading platforms. MT4 retains its popularity due to the wide range of trading tools available on the platform, for example:

  • Advanced charting tools with different technical indicators, graphical objects, charts, and timeframes.
  • Algorithmic trading with Expert Advisors (trading robots) and the MQL4 programming language.
  • Single currency backtesting features for Expert Advisors.
  • Pepperstone customers gain free access to Autochartist, MetaTrader’s automatic market scanner, as well as an additional 28 technical indicators and Expert Advisors via Pepperstone’s Smart Trader Tool add-ons.

Pepperstone MT4 Copy Trading
Pepperstone also offers cTrader and MetaTrader 5 as trading platform options, with both platforms offering trade copying services.

What Is Copy Trading?

Copy trading allows you to configure your portfolio to match a more experienced trader’s portfolio, mirroring them via automatic trading, saving you both time and effort. Each social and Best Copy Trading Platform offers unique tools, yet the common feature amongst all platforms is the ability to copy the CFD and forex trades of experienced traders. This means that rather than conducting your technical analysis and research, you can simply follow and copy the trading strategies of proven, successful traders, often known as Signal Providers.

Certain types of traders can greatly benefit from copy trading such as beginner traders and those low on time. While algorithmic trading that involves writing trading robots (aka Expert Advisors), can be too complex if you are new to forex trading, copy trading is well-suited to all levels of experience.

Pepperstone’s MT4 Copy Trading Services

The broker offers the three most popular trading platforms – MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. To get the most out of Pepperstone’s different copy trading tools, MT4 is the best option. Depending on where you reside, different copy trading services will be available. Those based in the United Kingdom or Europe can choose between Pelican, DupliTrade, and MetaTrader’s account mirroring services. If you reside outside the UK and Europe, Myfxbook is available instead of Pelican.

Pepperstone Signal Providers MT4 Copy Trading

Pepperstone MetaTrader Trading Signals MT4 Copy Trading

For Those Living Outside The UK And Europe, You Can Pick Between:

  • Myfxbook Autotrade: The well-known automated trading system offers hand-picked signal providers that are chosen by Myfxbook based on their experience and skills. To find signal providers, you can filter a trader’s gains, style of trading as well as a total number of followers.
  • DupliTrade
  • MT4 Trading Signals/MQL5 Signals

Pepperstone Myfxbook MT4 Copy Trading


The copy trading platforms available differ between locations due to varying financial regulations around the world.

Pepperstone Regulated Offices

Different leverage limits and investor protections will be provided depending on the Pepperstone subsidiary you sign up for. While the broker’s top-tier oversight ensures Pepperstone follows local financial regulations, you can utilise demo accounts as an MT4 risk management tool.

Demo accounts are a great way to determine which platforms and copy trading tools suit your trading needs. It also allows the practice of trading strategies in a risk-free environment.

Pepperstone ReviewVisit Pepperstone

2. IC Markets Top ZuluTrade MT4 Broker

IC Markets

Forex Panel Score


Average Spread

EUR/USD = 0.02
GBP/USD = 0.23
AUD/USD = 0.17

Trading Platforms

MT4, MT5, cTrader

Minimum Deposit


Why We Recommend IC Markets

IC Markets stands out to us for its tight spreads and an excellent range of trading platforms such as MT4, MT5, cTrader, and ZuluTrade.

In our opinion, ZuluTrade is the best platform to use. It will mirror your account for free, and provides other benefits like:

  • Access to a wide range of trading strategies
  • Ability to follow and copy the trades of experienced traders
  • Risk management tools and performance monitoring

Our tests showed that IC Markets have among the lowest spreads of all brokers averaging just 0.02 for EUR/USD with their RAW spread account.

Pros & Cons

  • Competitive spreads
  • Useful third-party tools
  • Social and algorithmic trading
  • Fast execution speeds
  • Withdrawal fees
  • High minimum deposit
  • Slow live chat support
  • Offers limited market analysis resources

Broker Details

IC Markets Offers The Subscription-Free ZuluTrade For Copy Trading

IC Markets is one of the most popular MetaTrader 4 (MT4) brokers worldwide. Following an ECN pricing model, IC Markets offers an excellent trading environment with institutional grade spreads and ultra-fast execution speeds in its live accounts. Two retail investor trading account types are available on MetaTrader 4:

  • Raw Account: Spreads from 0.0 pips and low commission fees from $3.50 per side.
  • Standard Account: Commission-free trading with spreads from 1.0 pip.

IC Markets Account Features MT4 Copy Trading

As an ECN-style broker, IC Markets uses straight-through processing (STP) with no dealing desk (NDD) interference. This means that when the broker fills an order you’ve placed, it does not use its liquidity, rather it uses various external liquidity from third-party sources. Multiple liquidity providers are utilised, ensuring you are provided with the best bid-ask prices currently available.

IC Markets ECN MT4 Copy Trading

IC Markets NDD execution allows for:

  • ECN-like spreads as low as 0.0 pips for major currency pairs like the EURUSD.
  • Servers hosted by Equinix at New York’s NY4 Data Centre
  • Low latency and fast execution
  • Minimal slippage and no requotes

While IC Markets also offers MetaTrader 5 (MT5) and cTrader, MT4 is required to access ZuluTrade. IC Markets provides the account mirroring service ZuluTrade free of charge.

ZuluTrade is IC Market’s most popular social trading tool. The broker also offers Myfxbook AutoTrade as an alternative.

Social Trading With ZuluTrade

ZuluTrade is one of the leading social-copy trading services with over 100,000 traders from 192 different countries. The platform combines copy and social trading features that help you automate trading, save time plus expand your forex knowledge.

IC Markets ZuluTrade MT4 Platform Copy Trading

The software’s copy trading features allow you to easily copy trading signals developed by various ZuluTraders. ZuluTrade also allows you to leave comments and share ideas.

  • ZuluTrade Signal Providers: Experienced and successful traders who receive compensation for letting others copy their trades.
  • ZuluTrade Followers: Users who are copying the trades of signal providers.

To help you find the signal providers and manage risk, ZuluTrade provides three unique social trading tools:

  1. Zulu Guard: A feature to add another level of protection to your trading account. The tool monitors the performance of the signal providers you are copying while taking steps to protect your capital when needed.
  2. Zulu Rank: Ranks signal providers based on their current and past performance, stability, risk, and maturity, among others.
  3. Simulation: A risk management tool where you can determine future results like potential profits and losses by testing your trading strategies against real-time market conditions.

Trust And Safety

Risk management and your local financial regulation are important factors to consider when you are choosing a broker and trading platform.

IC Markets Benefits MT4 Copy Trading

IC Market’s subsidiaries are regulated by top-tier financial authorities (ASIC, CySEC, and the FSA). Although financial regulation and investor protection vary between jurisdictions, traders can be assured their funds are protected through policies such as segregated client funds. If you’re looking for a locally regulated broker then view our best forex broker UAE list.

IC Markets Regulation MT4 Copy Trading

Risk management tools are essential as forex markets are known to be volatile, contributing to the high risk of losing real money when trading. Whether you are trading forex or CFDs, through Expert Advisors or copy trading platforms like ZuluTrade, there are risk management tools that can be used to minimise the risk.

When using the MT4 platform, you are provided with risk management features like alerts and notifications, as well as order types (i.e. stop loss and take profit orders).

Verdict on IC Markets

IC Markets is one of the world’s most popular brokers with tight ECN-like spreads, excellent trading conditions, and helpful trading tools. To copy trade you can use ZuluTrade free of charge. The platform offers a social network along with account mirroring services, allowing you to achieve full automation when trading with IC Markets.

3. FP Markets Top Myfxbook Autotrade MT4 Broker

FP Markets

Forex Panel Score


Average Spread

EUR/USD = 0.1
GBP/USD = 0.2
AUD/USD = 0.2

Trading Platforms

MT4, MT5

Minimum Deposit


Why We Recommend FP Markets

We think FP Markets offers impressive spreads (Averaging just 0.1 pips for the EUR/USD pair with the RAW spread account) making the broker a good choice for scalp trading.

However, what we like the most about FP Markets is that it provides access to Myfxbook Autotrade with MetaTrader4. Myfxbook is a social and copy trading platform that allows action in the same trade as the best signal providers in the Myfxbook network.

Pros & Cons

  • Wide range of trading products
  • Tight spreads
  • Fast execution speeds
  • Useful third-party tools
  • Range of trading platforms
  • Basic mobile trading app
  • A limited selection of FX pairs
  • High minimum deposit
  • Outdated web and desktop platform

Broker Details

FP Markets Offers Myfxbook AutoTrade For Quality Signals Trading

FP Markets is an ECN-style broker that offers forex traders tight spreads and access to a diverse range of financial markets.

Two different MetaTrader 4 account types are available at FP Markets. Standard account holders pay no commission fees on spreads that start from 1.0 pip. Raw account holders can trade ECN-like spreads as low as 0.0 pips while paying a $3 commission fee per side (per 100k traded).

FP Markets MT4 Trading Account MT4 Copy Trading

Whether you select FP Markets no commission or ECN type pricing structure, you can use the following features to develop trading strategies on MT4:

  • Fast execution speeds with no dealing desk interference plus no requotes.
  • Access to over 67 different financial markets (forex, indices, cryptos, and commodities).
  • Sophisticated charting tools and one-click trading.
  • Algorithmic trading with Expert Advisors (trading robots)
  • Demo accounts to practise trading before taking on the high risk associated with forex and CFDs.
  • Entry to the MetaTrader Marketplace and MQL4 forex trading community.

To open an MT4 trading account, a small minimum deposit of $100 is required.

Copy Trading With Myfxbook AutoTrade

AutoTrade is the account mirror trading service for Myfxbook, where you can copy trades and access an established social forex community.

FP Markets Myfxbook AutoTrade MT4 Copy Trading

When using AutoTrade, you can copy different trading systems via your MT4 account, meaning you only need one master account for MT4 and copy trading. The key reasons the Myfxbook AutoTrade service is so popular include:

  • You can add and remove trading systems at any point, giving you full control of your copy trading account.
  • Incentives are only given to signal profitable providers.
  • No software downloads are required, with no need for your own VPS.
  • Only realistic statistics are shown, with no bottomless drawdowns.

FP Markets Myfxbook AutoTrade Benefits MT4 Copy Trading

Summary: FP Markets

FP Markets is a no-dealing desk (NDD) broker that offers traders either a Standard Account with no commission spreads or a Raw Account with ECN-style spreads. If you want to copy trade directly from your FP Markets MT4 account, Myfxbook’s AutoTrade is a great choice. The copy trading system only provides quality signal providers, with strong track records of successful forex and CFD trading.

4. FUSION MARKETS Top MT4 Forex Broker With Duplitrade


Forex Panel Score


Average Spread

EUR/USD = 0.13
GBP/USD = 0.21
AUD/USD = 0.12

Trading Platforms

MT4, MT5, cTrader

Minimum Deposit


Why We Recommend Fusion Markets

We think Fusion Markets is a top MT4 broker as it offers Duplitrade for automated trading, and has additional charting and risk management tools available to enrich your experience.

Ross Collins tested the broker’s spreads and found they average just 0.22 for EUR/USD with their Zero spread account and have market order execution speeds of 77 ms.

These low spread and speeds provide the ideal platform to use DupliTrader and copy the best signal providers in the network.

Pros & Cons

  • Fast execution speeds
  • Tight spreads
  • Low trading costs
  • Variety of strategies to use on DupliTrade
  • 24/7 customer service
  • Inactivity fee
  • Currency conversion fee
  • Limited product selection
  • No investor protection

Broker Details

Fusion Markets Offers DupliTrade Fully Integrated With MT4

Fusion Markets is a top Australian forex broker that offers access to financial instruments including forex, commodity, index, and cryptocurrency markets via MetaTrader 4.

As a no-dealing desk broker that uses straight-through processing, Fusion Markets offers two account types with different spreads and fees. The broker’s Classic Account is great for beginners as you pay no additional commission fees on top of the spread. No commission forex spreads are low, starting from 0.8 pips for major currency pairs.

If you prefer ECN-style pricing, Fusion Markets ZERO Account offers forex spreads as low as 0.0 pips. As spreads are so tight, you pay a small flat rate commission fee of AU$2.25 per side or $4.50 round-turn.

Fusion Markets Commission Fees MT4 Copy Trading

MT4 And DupliTrade

DupliTrade is an automated trading solution where you can easily copy traders who have years of experience and successful trading histories.

Signing up for DupliTrade and linking the copy trading service to your Fusion Markets MT4 account is a simple process. Compared to other brokers that require initial deposits as high as $2000 to use DupliTrade, Fusion Markets traders need to make a minimum deposit of $1000.

Fusion Markets Signing Up DupliTrade MT4 Copy Trading

Once you have registered with Fusion Markets and DupliTrade, you can fully automate trading by copying the trading strategies of various experienced traders.

Fusion Markets DupliTrade MT4 Copy Trading

When searching for trading strategy providers, DupliTrade displays various statistics to help you choose which CFD and forex traders to copy. You can view each strategy’s net profit and loss %, net profit, number of trades, win %, number of weeks, and followers. You are also provided with charts to give you a visual representation of their trading history.

Summary: Fusion Markets

Fusion Markets is a top MetaTrader 4 broker that offers DupliTrade to customers. The account mirroring service is preferred by many MetaTrader users, as it can be fully integrated into MT4. When using DupliTrade with Fusion Markets, you can decide between two account types and pricing structures, either a Classic Account or ZERO Account.

5. AVATRADE Great MT4 Copy Trading Software With MQL5


Forex Panel Score


Average Spread

EUR/USD = 0.9
GBP/USD = 1.5
AUD/USD = 1.1

Trading Platforms

MT4, MT5, AvaTradeGo,

Minimum Deposit


Why We Recommend AvaTrade

Our take on AvaTrade is that it’s a great broker with a range of trading platforms and financial marketplaces. The extensive educational materials also make it suitable for beginners.

You’ll have a choice of four trading platforms:

  • AvaTrade WebTrader
  • AvaTradeGO
  • MetaTrader 4
  • MetaTrader 5

While all these platforms have their merits, we would personally use MT4 as you’ll get the most out of AvaTrade’s MLQ5 trading signals service by using it.


Pros & Cons

  • No withdrawal fee
  • Range of trading platforms
  • Educational materials
  • Good trading product selection
  • Fast execution speeds
  • Inactivity fee
  • Currency conversion fee
  • AvaProtect and AvaOptions unavailable on MT4
  • Spreads could be better

Broker Details

AvaTrade Allows Full Integration of MQL5 To MT4 With Low Deposit

AvaTrade is a top foreign exchange broker that provides access to various trading platforms and financial markets. A low minimum deposit is required to open a trading account, making the broker accessible to all levels of trading experience.

CFD and forex traders can choose between MetaTrader 4, MetaTrader 5, and the broker’s proprietary trading platform AvaTrade. To make the most out of the MLQ5 trading signals service, MT4 is recommended.

AvaTrade MT4 Copy Trading

In terms of market access, you can trade the following financial instruments with AvaTrade:

  • Forex
  • Commodities
  • Indices
  • Stocks
  • ETFs
  • Bonds
  • Cryptocurrencies
  • FX Options

MLQ5 Trading Signals Service

AvaTrade offers MQL5 Trading Signals to MetaTrader 4 and 5 users, giving you access to one of the largest automated trading communities worldwide.

MQL5 can be fully integrated with MT4, allowing you to manually trade and copy trade from a single trading platform. To link your AvaTrade MT4 account with the trading signals service, sign up at or on the AvaTrade website.

AvaTrade MQL5 Signals MT4 Copy Trading

Once you are set up with MQL5 and MT4, you can easily find signal providers to copy based on criteria such as past performance and risk. The MT4 signals tab lets you effortlessly find trading systems and forex signals to copy, while the community tab provides access to the large network of forex traders.

Verdict Of AvaTrade

AvaTrade is a great option if you want to use Trading Signals or MQL5 Signals service on MetaTrader 4. It is easy to register online, with a small minimum deposit of $100 needed to start trading.