Best MT4 Brokers For 2026

Capital.com is our editors' pick for MetaTrader 4 (MT4), and it earns that place through breadth. I would send beginners and multi-platform traders here, because you can hold MT4, MT5 and TradingView on one account, alongside a proprietary web platform and mobile app. Traders who want a wide range of markets, rated 9 out of 10 in our scores, and strong education, rated 8 out of 10, will feel at home.

The trade-off for an MT4 trader is cost. Capital.com has no raw or commission account, so you are limited to spread-only pricing, with an advertised EUR/USD spread of 0.7 pips, and its Trading Costs score of 7 is the lowest of the top five on this page. It also does not accept US residents. Check whether an entity accessible to you offers MT5, because where MT5 is unavailable you get MT4 and TradingView only.

MT4, MT5 And TradingView On One Account

MetaTrader 4 (MT4) at Capital.com runs on Android, iOS, Windows and Mac desktop, and in a browser through MT4 WebTrader, so the terminal is not locked to one machine. The account also carries MT5 and TradingView, though MT5 availability depends on which Capital.com entity you open with, and there is no cTrader. Both MT4 and MT5 include MetaQuotes' Trading Signals service, which copies orders from signal providers automatically, but Capital.com has no copy trading network of its own. Guaranteed stop-loss orders sit on the web platform only, with a premium charged only if the GSLO is used, so stops need planning around that for anyone trading mostly through MT4. I would treat the web platform as the stop-loss home and MT4 as the execution home.

Costs And Deposits At Capital.com

Costs are simple to read but hard to lower. Pricing is spread-only, with the advertised 0.7-pip EUR/USD spread taken from capital.com's fees page on 4 September 2026, and no commission on top. The minimum deposit is generally US$20 (or EUR 20) by standard payment methods, rising to US$250 by wire transfer, and AUD 20 for ASIC clients and GBP 20 for FCA clients. If raw spreads with a commission appeal instead, Pepperstone's Razor account sits second on this list, and our low-commission brokers page extends that comparison. For me, the spread-only structure keeps the bill predictable, and I would start small before scaling volume.

Ranked second by our published rating, 93.5, the highest of any broker on this page, Pepperstone is where I would send a serious MT4 trader. Our scores give it 10 out of 10 for both Trading Experience and Trading Platform, and it won Best MT4 Broker in the 2026 CompareForexBrokers Awards. I recommend it for traders who want a raw-spread account, every major platform, and regulation across eight authorities.

The trade-off is cost structure rather than cost level. Razor's average EUR/USD spread of 0.1 pips comes with US$3.50 per side (US$7 round turn) per standard lot, so small positions pay proportionally more in commission, and the Standard account's advertised 1.1-pip spread suits occasional traders better. There is no minimum deposit, though Pepperstone recommends at least US$200. Check which account fits your trade size before you fund.

Razor Pricing On MT4

Pepperstone's Razor account publishes an average EUR/USD spread of 0.1 pips, drawn from data covering 1 to 31 August 2026 across all sessions including rollover, with a commission of US$3.50 per side (US$7 round turn) per standard lot. That average is one of the lowest on this page, and only Fusion Markets charges less commission per side. If you scalp or trade high volumes on MT4, the raw pricing matters more than the headline spread on the Standard account. I rate Razor the stronger choice for active MT4 traders here, because the dated average and the round-turn cost give a number you can plan around. MetaTrader 4 (MT4) and MT5 both run on Windows and Mac desktop, web, Android and iOS.

Demo And Copy Trading Options

The MT4 and MT5 demo lasts 60 days and can be extended once you fund a live account, while the cTrader and TradingView demos do not expire, so MT4 gets a two-month trial before any money is committed. Copy trading options include Signal Start (powered by Myfxbook), DupliTrade, Copy Trading by Pepperstone, cTrader Copy and MetaTrader Trading Signals. Pepperstone does not accept US residents, and its regulators include the FCA, ASIC, BaFin, CySEC, the DFSA, the CMA (UAE), the CMA (Kenya) and the SCB. My advice is to run the full 60 days on demo and pick a copy trading service before funding.

IC Markets sits third on our rating, 89, and I would send it traders who want a strong platform and low costs around a raw account. Our scores rate its Trading Platform 9.5 out of 10 and Trading Costs 9 out of 10, and it offers four platforms: MT4, MT5, cTrader and TradingView. It also won Best Standard Account Spreads in the 2026 CompareForexBrokers Awards. Let me flag the US$200 minimum deposit at IC Markets: our comparison table lists it as the joint highest of the ten brokers here, matching Exness's Raw Spread account (US$200), so I suggest you budget for it before you apply.

The trade-off is transparency of data. The Raw Spread account's EUR/USD figure of 0.01 pips is labelled as an average by IC Markets, but with no period or method stated, so you cannot judge how it was calculated, and it carries US$3.50 per side (US$7 round turn) per standard lot on MT4. The Standard account's advertised 1.0-pip spread is commission-free. Ask IC Markets for current spread data before you choose.

Raw Spread Costs On MT4

The Raw Spread account publishes an EUR/USD figure of 0.01 pips, labelled as an average with no period or method stated, alongside MT4 commission of US$3.50 per side (US$7 round turn) per standard lot. Treat the headline with care and compare it with Pepperstone's dated August 2026 average of 0.1 pips on the same page. The Standard account's advertised 1.0-pip spread, with no commission, suits lower-volume traders. Our review calls MetaTrader 4 (MT4) best for automated strategies with Expert Advisors, though MT4 lacks the integrated economic calendar that MT5 has, so check the news elsewhere if you run EAs. I would hold IC Markets for EA-driven trading and weigh the Standard account unless turnover is high.

Where IC Markets Hosts MT4

MT4 and MT5 run from the Equinix NY4 data centre in New York, while cTrader runs from LD5 in London, and that placement matters if your strategy is latency-sensitive. MT4 uses MQL4 and MT5 uses MQL5, so an Expert Advisor has to match the platform it was written for. The platform set covers MT4, MT5, cTrader and TradingView, with mobile apps for all four and no proprietary platform, which keeps things simple. Regulators are ASIC, CySEC, the FSA (Seychelles), the SCB and the CMA, and US residents are not accepted. I like the plain four-platform line-up here, since it leaves fewer versions to keep track of.

OANDA takes fourth place on our rating, 88.3, and it is the broker I would send traders who put trust first. It is the only broker on this page with a Trust score of 10 out of 10, and it won Most Trusted Broker in the 2026 CompareForexBrokers Awards. Unlike the brokers above it, OANDA accepts US residents through its US entity, with CFTC and NFA regulation.

The trade-off is price. With an average EUR/USD spread of 1.06 pips on its spread-only account, from OANDA's historical spreads page read on 4 September 2026, OANDA is the dearest of the top five for frequent traders, and Core pricing from 0.1 pips comes with a fixed commission that OANDA does not publish. There is no MT5 here either. Compare the core commission against Pepperstone's US$3.50 per side before you commit.

OANDA’s MT4 Add-On Tools

OANDA's premium tools package adds 28 plugins and technical indicators to MetaTrader 4 (MT4), including a Mini Terminal EA that attaches stop-loss and take-profit orders to instant trades, which is the kind of order management MT4 lacks on its own. MT4 is also OANDA's only automated trading option, since the broker offers no MT5 and its other platforms are TradingView and the OANDA Trade web and mobile platform. If you trade EAs, that limitation shapes the choice here. The add-ons are what make OANDA's MT4 feel more finished than the standard terminal. I rate that package as the main reason to pick OANDA for MT4, since it patches order management without leaving the terminal.

Pricing And Regulation

Pricing splits into two paths. The spread-only account averages 1.06 pips on EUR/USD, while OANDA's global (BVI) pricing page lists core pricing spreads from 0.1 pips with a fixed commission per trade that is not published there, so the number has to be requested. The minimum deposit is US$0. Regulation is unusually broad, with the CFTC and NFA in the United States, plus the FCA, ASIC, CIRO, MAS, the JFSA, the KNF and the FSC, and US residents are accepted through the US entity. I would ask support for the core commission at a typical trade size before opening, because that one figure decides which path is cheaper.

Fusion Markets ranks fifth on our rating, 85, and I would send it commission-sensitive MT4 traders who can accept a lighter regulatory setup. Our scores give it 10 out of 10 for both Trading Costs and Trading Experience, and its Zero account carries the lowest commission on this page at US$2.25 per side. Traders who trade often will feel that difference quickly.

The trade-off is trust and reach. Our Trust score for Fusion Markets is 5 out of 10, the lowest in the top five, its regulators are ASIC, the VFSC and the FSA (Seychelles), and it does not accept US residents. Its Zero account average of 0.03 pips is our calculation, an unweighted mean of 515 hourly averages from 27 August to 25 September 2026, not a figure Fusion Markets publishes. Weigh the regulation against the pricing before you fund.

Zero Account Costs

Fusion Markets' Zero account shows an average EUR/USD spread of 0.03 pips, which is our arithmetic on Fusion's own data, an unweighted mean of 515 hourly averages the broker publishes for 27 August to 25 September 2026, not a single figure from Fusion itself. Commission is US$2.25 per side (US$4.50 round turn) per standard lot, below Pepperstone's US$3.50 and IC Markets' US$3.50 on this page. The Classic account takes a different path, with an advertised 0.83-pip spread and no commission. Break-even depends on volume: the more standard lots turned over, the more the lower commission pays. For high-volume MT4 traders, I would put Fusion's Zero account first on cost among these ten.

Copy Trading And VPS

Copy and automated trading options include MT4/MT5 Signals and cTrader Copy for all clients, but DupliTrade and Fusion+ Copy Trading are limited to offshore clients under the VFSC or FSA entity, not ASIC clients, so check which entity is being opened before relying on them. MetaTrader 4 (MT4) and MT5 both get discounted third-party VPS through NYC Servers at 25% off monthly and FXVM at 20% off, which matters for EAs running around the clock. If share trading is the goal, the review suggests MT5, with its 21 timeframes and 6 pending order types against MT4's 9 and 4. I would take the VPS discount and the low commission together, since the pair makes a strong home for automated strategies on a budget.

BlackBull Markets holds sixth on our overall rating, 84.5, and I would send you there if fast fills matter more to you than anything else on this list. You get MT4 beside MT5, cTrader, TradingView, a copy service and a share platform, with spreads that start at zero. The FMA in New Zealand and the FSA in Seychelles are its regulators, and it does not accept US residents.

The trade-off is trust: our category scoring gives BlackBull a Trust score of 5 out of 10, its lowest, which sits oddly beside the strong execution and cost numbers. In my view the trading case still stands for small and mid-size accounts. Before you deposit, check which entity, the FMA-licensed one or the Seychelles one, will hold your money.

ECN Prime Costs

ECN Prime quotes EUR/USD from 0.0 pips, a minimum rather than an average, so treat it as the best tick you might see rather than what you will pay. Commission is US$3.00 per side (US$6 round turn) per standard lot, a fixed cost on every trade. The commission-free Standard account was quoted at 1.1 pips by BlackBull's live chat support in September 2026, a fair benchmark if per-lot fees are unwelcome. Both accounts open at US$0, as we note in our BlackBull Markets review. I would start on ECN Prime, because the round-turn cost is known and the US$0 entry lets a small trader begin without a large upfront commitment.

Execution And Tools

In our 2026 execution testing, published in the review, BlackBull had the fastest average limit order speed of the 36 brokers timed, 72 milliseconds against an average of 145 milliseconds for the other 35, and its market orders averaged 90 milliseconds. The quicker orders fill, the less slippage a trader tends to give away. Autochartist, ZuluTrade, Myfxbook, FIX API trading that integrates with MetaTrader, and a VPS with ForexVPS, which BlackBull says reduces latency by up to 30%, round out the MT4 toolkit. For me, that speed record makes BlackBull worth shortlisting for limit-order strategies on MT4.

MultiBank Group sits seventh on our rating, 80.3, and I would send you there for regulatory breadth: licences from ASIC, BaFin, MAS, CySEC and more than a dozen other authorities across five continents give it our Trust score of 9.5 out of 10. The cost side, though, needs more of your attention before you commit. It does not accept US residents.

The trade-off is cost transparency. MultiBank publishes no commission figure for its ECN account, so you cannot price the full round turn from its own pages, and its standard spread runs wider than any broker ranked above it. Ask support for the ECN commission and a current EUR/USD average before you fund an account.

Accounts And Costs

The Standard account carries an advertised EUR/USD spread of 1.5 pips with no commission, the widest standard spread of the ten brokers ranked here, which works out to roughly US$15 per standard lot each round trip. Its Pro account needs US$1,000 and quotes from 0.8 pips, a meaningful step down if size is being traded. The ECN account quotes from 0.0 pips, a minimum, but needs a US$10,000 deposit, and with no published commission the true round turn is a question for support. An account opens at US$50. I would skip the Standard account at 1.5 pips and weigh Pro first, provided the US$1,000 entry fits.

MT4 Beside MultiBank-Plus

MetaTrader 4 runs on Windows, Mac, iOS, Android and in a browser through MT4 WebTrader, with news and VPS support included in the set-up. MT5 adds stock CFDs, which MT4 does not support at MultiBank, so keep share trading off the MT4 plan. MultiBank-Plus, its own web and mobile platform with TradingView-powered charts, sits on the same account but still lacks some order types and risk tools that MT4 has. Copy traders have two routes, EX Social Trading and the MetaTrader Signals market. I would stay on the MetaTrader side here, since MultiBank-Plus has not caught up on order types and risk tools.

Eighth place goes to Exness, 80, a broker I would point you to for a low-cost start: the Standard account opens at US$10, one of the smaller deposits on this page, though four brokers here ask for nothing at all. Our Trust score for it is 9 out of 10, on licences from the FCA, the FSCA and other authorities. Note that it does not accept US residents, and our review says it does not serve Australia either.

The trade-off is cost clarity. Exness advertises 0.0 pips on its Raw Spread account, but the Myfxbook figure we cite runs higher, and our Trading Costs score is 7 out of 10. Read the cost detail below before you fund the account, so the numbers you expect match the numbers you get.

What Exness Charges On MT4

On Myfxbook, Exness's EUR/USD session averages over 24 to 26 September 2026 were 0.19 and 0.26 pips with commission excluded, about 0.2 pips. That is plainly higher than the 0.0 pips Exness advertises, so plan around 0.2 pips when sizing positions. Commission on the Raw Spread account is US$3.50 per side (US$7 round turn) per lot. The Standard account advertises 0.8 pips with no commission and opens at US$10, while Raw Spread needs US$200. I would work from the Myfxbook figure rather than the advertised one, and the US$10 Standard entry makes Exness cheap to trial.

MetaTrader Set-Up At Exness

MetaTrader 4 (MT4) and MT5 run on Windows and Mac, iOS, Android and the web, and MT4 MultiTerminal lets several accounts run at once from one screen. MT5 is the platform for share trading at Exness, and MT4 cannot trade shares. The browser-based Exness Terminal and the Exness Trade app sit beside MetaTrader on the same account. There is no cTrader and no TradingView connection, so if either of those matters, another broker on this page will serve you better. I would bring an MT4 EA strategy here and look elsewhere for cTrader or TradingView.

Ninth on our published rating, 78.4, FP Markets is a broker I would send tool-hungry MT4 traders to: our scores give it 9 out of 10 for Trading Costs and Trading Platform, and 9.2 for Customer Service. Trust sits at 6 out of 10, our lowest score for it, on licences from ASIC, the FSA in Seychelles, and others. It does not accept US residents.

The trade-off is trust and reach. Our Trust score of 6 out of 10 sits in the lower half of this list, and Social Trading plus Signal Start run only through FP Markets' offshore entities rather than its ASIC entity. Check which entity your account will sit under before you enable any copy features.

Raw Account Costs

FP Markets' global spreads table, dated September 2026, lists EUR/USD at 0.1 pips in a column headed Avg for the Raw account, though the text calls the figures typical and states no averaging method. Read it as indicative rather than a measured average, on the basis of FP Markets' own table. Commission is US$3.00 per side (US$6 round turn) per standard lot. The same table shows the Standard account at 1.2 pips with no commission, and both accounts open at US$100, which keeps the trial cost low. Our FP Markets review has the full account detail, and I would treat the Raw column as a rough guide until a measured average exists.

Add-Ons For MT4 Traders

Autochartist, Trading Central, a VPS and the Traders Toolbox of 12 extra tools, including an economic calendar, Correlation Trader, Alarm Manager and Excel RTD, all attach to your MetaTrader 4 (MT4) set-up. One limit matters: Expert Advisors do not run on the WebTrader or the mobile apps, so keep automated strategies on desktop. If copy trading draws attention, Social Trading and Signal Start run only through the offshore entities. Check the entity before subscribing to any signal service. My advice is to treat this as a desktop-first MT4 broker, since the tools sit where the EAs run.

Eightcap completes the list at ten, 77.5, a spot it holds on our published rating, which fell on 27 September 2026. I would send you there for platform depth: our scores give it 10 out of 10 for Trading Platform and Range of Markets, and its Raw account quotes EUR/USD from 0.0 pips, a minimum, plus US$3.50 per side. Whether you get MT4 at all depends on the entity behind your account.

The trade-off is service and reach. Our Customer Service score for Eightcap is 5 out of 10, and UK and EU clients cannot use MT4 at all. Confirm which entity would hold your account, and its platform list, before you apply.

Raw And Standard Costs

The Raw account quotes EUR/USD from 0.0 pips, a minimum rather than an average, and Eightcap publishes no average, so test the spread on a demo before trusting the headline. Commission is US$3.50 per side (US$7 round turn) per standard lot. The Standard account advertises a minimum of 1.0 pip with no commission, which suits small sizes and a dislike of per-lot fees. Both accounts open at US$100 in every jurisdiction. I would demo the Raw account first, because at US$7 round turn the spread has to stay near the minimum for the pricing to work.

Which Entities Offer MT4

Entity choice decides the platforms here. The Australian (ASIC) and global (SCB) entities offer MT4, MT5, TradingView and TradeLocker, so those two are the homes for MetaTrader 4 (MT4). UK (FCA) clients get TradingView only, and EU (CySEC) clients get MT5, TradingView and TradeLocker with no MT4. If you sit in either of those groups, choose another broker on this page for MT4, or accept MT5 instead. I would confirm the entity before depositing, since the US$100 minimum is only worth spending where MT4 is actually on offer.