Top 9 MetaTrader 4 Brokers

Based on spreads and features the 2022 best MT4 broker list is the following.

  • Pepperstone Pepperstone - Best Broker For MetaTrader 4
  • FP Markets FP Markets - Top MT4 Broker For Scalping
  • IC Markets IC Markets - Best For MetaTrader CFD Trading
  • fxpro logo new FxPro - No Dealing Desk MT4 Trading Account
  • admiral markets logo Admiral Markets - Good MT4 Demo Account
  • FXCM FXCM - Advanced MetaTrader 4 Trading Tools
  • ig logo new IG Group - Best MetaTrader Broker For Beginners
  • fxtm logo new FXTM - Highest Leverage MT4 Broker
  • axitrader logo Axi - Top MetaTrader 4 Only Broker

Calculate Your Trading Costs Below

Total Fees

Commission

Spread Costs

Total

Total Fees

Commission

Spread Costs

Total

Total Fees

Commission

Spread Costs

Total

Total Fees

Commission

Spread Costs

Total

Pepperstone
FP Markets
IC Markets
FxPro
Admiral Markets
Our Rating
9.17
8
8.50
7.46
7.83
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
The vast majority of retail investor accounts lose money when trading CFDs.
77% of retail investor accounts lose money when trading CFDs with IC Markets (EU) Ltd
76.14% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
79% of retail clients lose money with Admiral Markets

Regulations and Licenses

Feature
Pepperstone
FP Markets
IC Markets
FxPro
Admiral Markets
ASIC (Australia)
FCA (UK)
FSCA (South Africa)
CYSEC (Cypus)
DFSA (Dubai)
BaFin (Germany)
FSA (Seychelles)
FSC BVI (British Virgin Islands)
SCB (Bahamas)
BMA (Bermuda)
VFSA (Vanuatu)
SCA or CBUAE (UAE)
Unregulated

Brokerage

Feature
Pepperstone
FP Markets
IC Markets
FxPro
Admiral Markets
EUR/USD Avg. Raw Spread
0.17
0.20
0.02
0.55
0,1
GBP/USD Avg. Raw Spread
0.59
0.40
0.23
0.46
0.6
AUD/USD Avg. Raw Spread
0.24
0.30
0.17
0.76
0.5
EUR/USD Standard Spread
0.75
1.30
0.62
1.40
0.8
EUR/USD Fixed Spreads
-
-
-
1.69
-
Commissions (USD Base)
$3.50
$3.00
$3.50
$4.50
$3.0
Minimum Deposit
$0
$100
$0
$0
$100
Swap Free Account
No Inactivity Fees
Funding Methods
16+
10+
15+
4+
12+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
FP Markets
IC Markets
FxPro
Admiral Markets
Currency Pairs
62+
63+
61+
69+
122+
Cryptocurrency CFDs*
12+
4+
18+
30+
37+
Index CFDs
14+
14+
16+
24+
44+
Share CFDs
300+
12,986+
100+
150+
3441+ (MT5)
Commodities CFD
9+
7+
26+
21+
36+
Stockbroking
-
-
-
-
-
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 200:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
500:1
500:1
-
500:1
Retail Max. Leverage (The United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
-
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (The United Kingdom)
500:1
500:1
-
200:1
500:1
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
500:1
500:1
500:1
200:1
500:1
Retail Max. Leverage (UAE)
Major Pairs 30:1
Minor Pairs 20:1
-
-
-
-
Pro. Max. Leverage (UAE)
500:1
-
-
-
-
Pro. Max. Leverage (South Africa)
-
-
-
200:1
-
Retail Max. Leverage (With offshore regulators)
200:1
500:1
500:1
200:1
500:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations

Trading Platforms + Tools

Feature
Pepperstone
FP Markets
IC Markets
FxPro
Admiral Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Only in France
Demo Account
Unique Feature
Smart Trader Tools
Fastest Limit Order Execution Speed
ECN pricing
1,300,000 client accounts
Volatility Protection

Overall

Pepperstone
FP Markets
IC Markets
FxPro
Admiral Markets