UAE Best MT4 Brokers

The best forex brokers offering MetaTrader 4 are:

Broker Our Rating Regulation Standard
EUR/USD Spread
Standard
GBP/USD Spread
Standard
AUD/USD Spread
Raw
EUR/USD Spread
Raw
GBP/USD Spread
Raw
AUD/USD Spread
Commissions
(USD Base)
MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
9.33 ASIC, FCA
CySEC, DFSA
1.12 1.69 1.22 0.17 0.59 0.24 $3.50 77ms $0 62+ 12+ 30:1 500:1 Visit Site
8.50 ASIC, FSA
CySEC
0.62 0.83 0.77 0.02 0.23 0.17 $3.50 134ms $0 61+ 18+ 30:1 500:1 Visit Site
8.17 ASIC, CySEC 1.1 1.3 1.3 0.10 0.20 0.20 $3.00 225ms $100 63+ 4+ 30:1 500:1 Visit Site
8.17 ASIC, VFSA 0.93 1.08 0.92 0.13 0.21 0.12 $2.25 79ms $0 90+ 10+ 500:1 500:1 Visit Site
8.33 ASIC, FSCA
CBI, KNF, CIRO
ADGM, FSC-BVI
- - - - - - - 160ms $100 55+ 15+ 30:1 400:1 Visit Site
 

What Are The Best MT4 Brokers In UAE?

MetaTrader 4 is not only a popular forex trading platform, it also offers great copy trading features. Brokers that offer MetaTrader 4 don’t always provide access to the same set of copy trading tools. As such, we have provided our list of brokers with the best MetaTrader 4 copy trading platform features.

1. BEST MT4 BROKER IN UAE

Pepperstone
Pepperstone

Forex Panel Score

97

Average Spread

EUR/USD = 0.1
GBP/USD = 0.6
AUD/USD = 0.3

Trading Platforms

MT4, MT5, cTrader, TradingView, Capitalise.ai

Minimum Deposit

$0

Why We Recommend Pepperstone

Pepperstone is a globally recognized broker that offers tight spreads, low fees, and a wide range of trading tools. The broker is popular among forex traders due to its excellent trading conditions. Pepperstone fills orders using external liquidity sources, similar to an ECN broker, with no dealing desk interference. This means you gain access to institutional-grade spreads as low as 0.0 pips, and orders are executed quickly with minimal slippage.

Pros & Cons

  • Best MT4 copy trading broker
  • Competitive no-commission spreads
  • Good range of CFD products
  • No proprietary trading software
  • Some CFDs not available on MT4
  • Can’t trade physical assets

Broker Details

pepperstone logo
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 favour Pepperstone due to the excellent trading conditions the broker provides. Similar to an ECN broker, Pepperstone fills orders using external liquidity sources with no dealing desk interference. This means you gain access to institutional grade spreads as low as 0.0 pips, and orders are 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 AUD $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
0.12 0.22 0.40 0.43 0.50
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 01/09/2023

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 Forextime.com are offering 2.10 pips and FxPro 1.58 pips.

Pepperstone Standard Account: Average Spreads
1.47 1.12 2.10 1.70 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 01/09/2023

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 Platforms 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 own 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

Regulation

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.

View Pepperstone ReviewVisit Pepperstone

2. TOP CHOICE FOR MT4 WITH ZULUTRADE

IC Markets
IC Markets

Forex Panel Score

84

Average Spread

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

Trading Platforms

MT4, MT5, cTrader

Minimum Deposit

$0

Why We Recommend IC Markets

IC Markets is a globally recognized broker that offers tight spreads, great trading conditions, and practical trading tools. The broker is popular among traders due to its excellent trading environment. IC Markets provides ZuluTrade, a service that mirrors accounts, for free. You can achieve complete automation when trading with IC Markets thanks to the platform’s social network and account mirroring capabilities.

Pros & Cons

  • Tight standard account spreads
  • Good trading platforms for beginners
  • Solid range of CFD products
  • Tight standard account spreads
  • Good trading platforms for beginners
  • Solid range of CFD products

Broker Details

ic markets logoIC 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. Two 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 own 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 with one another.

  • 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 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. GOOD CHOICE FOR MYFXBOOK AUTOTRADE

FP Markets
FP Markets

Forex Panel Score

81

Average Spread

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

Trading Platforms

MT4, MT5

Minimum Deposit

N/A

Why We Recommend FP Markets

FP Markets, an NDD broker, offers a choice between a Standard Account with commission-free spreads and a Raw Account with ECN-style spreads. Myfxbook’s AutoTrade is an excellent option if you want to copy trades directly from your FP Markets MT4 account. The copy trading system only offers reliable signal providers with a proven track record of profitable forex and CFD trading.

Pros & Cons

  • Tight standard account spreads
  • Good trading platforms for beginners
  • Solid range of CFD products
  • Tight standard account spreads
  • Good trading platforms for beginners
  • Solid range of CFD products

Broker Details

fpmarkets logoFP Markets Offers Myfxbook’s AutoTrade Service To Give Quality Signal Providers

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 prior to 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 Myfxbook’s account mirror trading service, 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 Myfxbook’s 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 providers that are profitable.
  • 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.

View FP Markets ReviewVisit FP Markets

4. TOP FOREX BROKER WITH DUPLITRADE

Fusion Markets
Fusion Markets

Forex Panel Score

79

Average Spread

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

Trading Platforms

MT4, MT5, cTrader

Minimum Deposit

$0

Why We Recommend Fusion Markets

Fusion Markets, a top MetaTrader 4 broker, offers DupliTrade, an account mirroring service that is favored by many MetaTrader users. DupliTrade can be completely integrated with MT4. You have the option of choosing between the Classic Account or the ZERO Account when utilizing DupliTrade with Fusion Markets.

Pros & Cons

  • Tight standard account spreads
  • Good trading platforms for beginners
  • Solid range of CFD products
  • Tight standard account spreads
  • Good trading platforms for beginners
  • Solid range of CFD products

Broker Details

fusion markets logoFusion 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 AUD $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 that 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.

View Fusion Markets ReviewVisit Fusion Markets

5. MT4 COPY TRADING SOFTWARE WITH MQL5

AvaTrade
AvaTrade

Forex Panel Score

64

Average Spread

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

Trading Platforms

MT4, MT5, AvaTradeGo,
AvaOptions

Minimum Deposit

$100

Why We Recommend AvaTrade

AvaTrade is a globally recognized forex and CFD broker that provides access to a range of trading platforms and financial marketplaces. The broker is suitable for all levels of trading experience due to its low minimum deposit requirement. Forex and CFD traders have a choice of three trading platforms: AvaTrade, MetaTrader 4, and MetaTrader 5. MT4 is advised to get the most out of the MLQ5 trading signals service.

Pros & Cons

  • Tight standard account spreads
  • Good trading platforms for beginners
  • Solid range of CFD products
  • Tight standard account spreads
  • Good trading platforms for beginners
  • Solid range of CFD products

Broker Details

avatrade logoAvaTrade 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 MQL5.com 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.

View AvaTrade ReviewVisit AvaTrade

6. BEST BROKER FOR METATRADER SIGNALS

markets.com
markets.com

Forex Panel Score

59

Average Spread

EUR/USD = 0.6
GBP/USD = 0.6
AUD/USD = 1.8

Trading Platforms

MT4, MT5,
Markets.com Trading App

Minimum Deposit

N/A

Why We Recommend Markets.com

Markets.com is a reliable MT4 broker that offers some of the tightest commission-free spreads available. The broker provides some of the best trading tools for automated trading, including Trading Signals, a proprietary account mirroring program from MetaTrader. Markets.com is overseen by well-known financial regulators and its parent company is listed on the London Stock Exchange.

Pros & Cons

  • Tight standard account spreads
  • Good trading platforms for beginners
  • Solid range of CFD products
  • Tight standard account spreads
  • Good trading platforms for beginners
  • Solid range of CFD products

Broker Details

markets com logoMarkets.com Uses MT4’s Trading Signals To Automate Your Copy Trading

Markets.com is a multi-regulated broker that offers thousands of financial instruments and access to MetaTrader 4.

The broker follows a market maker business model with dealing desk execution, meaning all the spreads offered by Markets.com are commission-free. Compared to other brokers that charge no commission fees, Markets.com offers ultra-tight spreads, as low as 0.4 pips for the EUR/USD currency pair.

markets.com trading platform overview

Trading Signals & MetaTrader 4 (MT4)

As a Markets.com customer using MT4, you gain access to sophisticated trading tools, including Trading Signals for copy trading.

Trading Signals is MetaTrader’s proprietary account mirroring service, meaning you do not need to leave the platform to copy trades.

The trade copier works by allowing you to copy and implement the trades of signal providers. There are many signal providers available to copy, depending on your objectives and risk profile.

In addition to copy trading, you can also use the following trading tools when using MT4 as a Markets.com client:

  • Charting tools with advanced technical indicators
  • Algorithmic trading with Expert Advisors (trading robots) and the MQL4 programming language
  • Backtesting against historical data
  • Flexible lot sizes as small as 0.01

Markets.com Benefits MT4 Copy Trading
Regulation

Markets.com is a trusted broker due to its tier-1 oversight from the following financial authorities:

markets.com regulators

In addition to the above, the broker is also part of the Playtech group and listed on the London Stock Exchange (FTSE 250), adding another level of transparency.

Summary: Markets.com

Markets.com offers some of the tightest commission-free spreads available along with excellent trading tools to automate trading. You can utilise MetaTrader’s proprietary account mirroring software, Trading Signals, to copy trade when using MT4. As well as automated trading tools, Markets.com is overseen by well-respected financial authorities, plus its parent company is listed on the London Stock Exchange, therefore Markets.com is seen as a trustworthy MT4 broker.

View Market.com--all-tables ReviewFull Review

*Your capital is at risk ‘70% of retail CFD accounts lose money’