Best MT4 Brokers For 2026

Eightcap earns a rating of 91.8 on our review, and I recommend it to traders who want tight raw pricing on MT4 with a broker that also covers other platforms. The Raw account suits cost-focused MT4 users, while the Standard account suits beginners who prefer one simple spread. I would send active traders here.

The main trade-off is the US$3.50 per side (US$7 round turn) commission on the Raw account, which you pay on top of the spread. There is also a US$100 minimum deposit, and US residents cannot open an account.

Raw And Standard Accounts On MT4

Eightcap advertises Raw account EUR/USD spreads from 0.0 pips, which is a minimum rather than an average, so your actual spread will move with the market. The Standard account has an advertised spread of 1.0 pip on EUR/USD with no commission. If you trade small volumes, the simpler Standard pricing may cost you less overall than paying commission on every lot.

Crypto CFDs Alongside Forex

If you want crypto exposure alongside forex, Eightcap offers CFDs on nearly 100 coins. You also get Capitalise.ai, a tool that lets you automate strategies without writing code. For a trader who builds rules-based systems on MT4, that combination means building and running automated strategies without leaving the broker's ecosystem.

OANDA holds a rating of 88.3 in our review, and I recommend it to traders who put trust first. It is the only broker of the eight with a full trust score of 10 of 10 in that category, and it accepts US residents through its US entity. If you want a heavily regulated market maker, this is where I would start.

The trade-off is pricing. OANDA uses spread-only pricing on MT4, with an advertised average EUR/USD spread of 1.06 pips, so cost-focused traders may find cheaper raw accounts elsewhere on this page.

The Only Full Trust Score Of The Eight

OANDA is regulated by the CFTC and NFA in the United States, along with the FCA, ASIC, MAS, JFSA, KNF and FSC-BVI. The entity that opens your account depends on where you live, so check the entity name in the account agreement before funding it. In practice, the regulator and any compensation scheme covering the funds are set by that entity, not by the brand name.

OANDA's MT4 Add-On Tools

OANDA adds a premium tools package to MT4 with 28 additional plugins and technical indicators. If you like MT4's charting but want more analysis options without switching platforms, this package suits you. In my opinion it is a good fit for traders who rely on indicator-heavy strategies and want everything inside one terminal.

Fusion Markets carries a rating of 85, and I recommend it to traders for whom commission cost is the deciding factor. Its Zero account charges US$2.25 per side (US$4.50 round turn) per standard lot, the lowest commission of the eight brokers here. If you trade high volumes on MT4, that saving compounds quickly.

The trade-off is trust. Our trust category score for Fusion Markets is 5 of 10, and copy trading through DupliTrade is only available to clients of its offshore entity, regulated by the VFSC or FSA Seychelles. There is no US access.

Lowest Advertised Commission Of The Eight

The Zero account has an average EUR/USD spread of 0.03 pips, which is our calculation from the hourly averages Fusion Markets publishes on its own spread tool between 27 August and 25 September 2026. Add the US$2.25 per side commission and you get a very low all-in cost per lot. The Classic account is commission free with an advertised EUR/USD spread of 0.83 pips, which suits lower-volume traders who prefer one simple cost.

Copy Trading Through DupliTrade

Copy trading runs through DupliTrade rather than the MetaTrader Signals service. The catch for you is access: it is available only to clients of the offshore entity, regulated by the VFSC or FSA Seychelles, which typically allows higher leverage but offers less protection than the ASIC-regulated entity. If copy trading is your main goal, weigh that trade-off before you choose your entity.

BlackBull Markets holds a rating of 84.5, and I recommend it to traders who want platform choice. Beyond MT4 you get MT5, cTrader, TradingView and BlackBull CopyTrader, so you can spread your workflow across platforms as your needs change. Our trading experience score for it is 10 of 10.

The trade-off is trust. Our trust score is 5 of 10, its licences are with the FMA in New Zealand and FSA Seychelles, and it does not accept US residents. The advertised leverage of up to 500:1 depends entirely on which entity holds your account.

Platform Choice Beyond MT4

BlackBull advertises its ECN Prime account EUR/USD spread at 0.1 pips with a commission of US$3.00 per side (US$6 round turn). The ECN Standard and Prime+ accounts have no minimum deposit, read from blackbull.com on 15 September 2026. A small starting balance is therefore enough to try the platforms before committing more capital.

Leverage Depends On The Entity

The leverage BlackBull advertises is up to 500:1, but the cap that applies to you is set by the regulator of the entity that holds your account. Offshore entities usually allow higher leverage and offer less protection. Before you assume the advertised figure, check your account agreement for the entity name and the leverage it permits.

FP Markets earns a rating of 78.4, and I recommend it to traders who want raw pricing with a broad licence footprint. Its Raw account advertises EUR/USD at 0.18 pips with a US$3.00 per side (US$6 round turn) commission, and our trading costs score for it is 9 of 10. If low costs matter most to you, put it on your shortlist.

The trade-off is the US$100 minimum deposit and no US access. The Standard account's advertised 1.28 pip spread is also wider than some commission-free accounts on this page.

Raw Account Costs

The Raw account advertises EUR/USD at 0.18 pips plus US$3.00 per side commission, which suits active traders who can absorb a fixed cost per lot. The Standard account is commission free at an advertised 1.28 pips, which suits beginners who want one visible cost. Picking between them comes down to your volume: the more lots you trade, the more the Raw account pays off.

Autochartist Trade Ideas

FP Markets includes Autochartist, which scans forex, metals, indices, commodities and crypto for real-time trade ideas. If you trade from signals rather than building your own setups, this gives a stream of ideas to review inside the workflow. The practical benefit is skipping a manual hunt for setups across every market followed.

FOREX.com carries a rating of 67.6, and I recommend it to traders who want a market maker with licences in several major markets. It accepts US residents through its US entity, and our education category score for it is 9 of 10. Traders who are starting out and want structured learning alongside MT4 fit well here.

The trade-off is cost at the raw end. The RAW account charges US$5.00 per side per 100,000 units, read from forex.com on 27 September 2026, and the Standard account advertises EUR/USD at 1.2 pips, read on 4 September 2026.

Standard And RAW Pricing

The Standard account advertises EUR/USD at 1.2 pips with no commission, which suits casual traders who want predictable costs. The RAW account cuts the spread in exchange for a US$5.00 per side commission per 100,000 units. If you trade less than a few lots a month, I would stay on Standard and keep the pricing simple.

Licences In Several Major Markets

FOREX.com is regulated by the CFTC and NFA in the United States, along with the FCA, ASIC, CySEC, MAS, JFSA and CIMA. The entity you land with depends on where you live, so the protections and leverage available to you are set by that entity. Check the entity name in your account agreement before you fund, especially if compensation coverage matters to you.

*Your capital is at risk up to ‘74% of retail CFD accounts lose money with FOREX.com’

CMC Markets holds a rating of 64.6, and I recommend it to traders who value market range and education. Our scores give it 10 of 10 for range of markets and 10 of 10 for education, with trust at 9 of 10. That combination suits anyone who wants one broker covering many asset classes.

The trade-off is cost clarity and access: the advertised Standard account EUR/USD spread starts from 0.5 pips, a minimum rather than an average, so your actual spread will often be wider. CMC also does not accept US residents.

The FX Active Account

The FX Active account charges US$2.50 per side (US$5 round turn) commission on selected currency pairs in exchange for tighter spreads. If you trade those pairs often, the commission can be cheaper than the wider Standard spreads. If your pairs are outside the selection, the Standard account with its advertised from 0.5 pip spread and no commission is the better fit.

A Wide Range Of Markets

CMC is regulated by ASIC, the FCA, BaFin, MAS, the FMA in New Zealand, the BMA in Bermuda and others. That spread of licences means the entity you get depends on your country of residence, and US residents are not accepted. Whatever the country, the practical step is the same as with every broker here: confirm the entity and its regulator in the account agreement before depositing.

AvaTrade earns a rating of 64.5, and I recommend it to traders who want predictable costs. Retail accounts use fixed spreads with no commission, with EUR/USD advertised at 0.8 pips. If you need to know your cost before you enter a trade, fixed spreads give you that certainty.

The trade-off is flexibility. Fixed spreads do not widen with normal market moves the way variable spreads do, though AvaTrade may still adjust them in extreme conditions, and US residents cannot open an account. Our range of markets score is 8.5 of 10.

Fixed Spreads On MT4

AvaTrade advertises its EUR/USD fixed spread at 0.8 pips with no commission on retail accounts. Fixed spreads do not widen with normal market moves the way variable spreads do, though a fixed-spread broker may still adjust them in extreme conditions. The cost per trade is therefore known in advance, which helps anyone budgeting trading costs precisely.

AvaOptions For Options Trading

Beyond MT4 and MT5, AvaTrade offers AvaTradeGo for mobile and AvaOptions, an options platform for forex and some metals. If you want to trade options alongside your MT4 positions, you can do it under one broker rather than opening a second account elsewhere. The US$100 minimum deposit is modest, but check that the entity you join covers the products you want.