Top 10 MetaTrader 4 UK Brokers

Our best MT4 brokers UK list in July 2022 is.

  • Pepperstone Pepperstone - Best MT4 Forex Broker Overall
  • XTB XTB - Top MT4 Forex Broker For Trading CFDs
  • think markets logo ThinkMarkets - Good Broker For Spread Betting With MT4
  • FXCM FXCM – Best For Copy Trading With MT4 Platform
  • City Index City Index - Good Risk Management Features
  • fxpro logo FxPro - Forex Broker Great MT4 Technical Analysis Feature
  • forex.com logo Forex.com - Best Forex Broker For Currency Pair Range
  • AvaTrade AvaTrade - Broker With Top MT4 Platform For Mobile Trading

Pepperstone
ThinkMarkets
FXCM
City Index
AvaTrade
Our Rating
9.33
7.67
7.93
6.83
8.33
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
75.5% of retail investor accounts lose money when trading CFDs with this provider
66% of retail investor accounts lose money when trading CFDs with this provider
73% of retail CFD accounts lose money
71% of retail investor accounts lose money when trading CFDs with this provider

Regulations and Licenses

Feature
Pepperstone
ThinkMarkets
FXCM
City Index
AvaTrade
FCA (UK)
CBI (Ireland)

Brokerage

Feature
Pepperstone
ThinkMarkets
FXCM
City Index
AvaTrade
EUR/USD Avg. Raw Spread
0.17
0.1
0.22
-
0.3
GBP/USD Avg. Raw Spread
0.59
-
0.80
-
0.4
AUD/USD Avg. Raw Spread
0.24
-
0.40
-
0.5
EUR/USD Standard Spread
0.75
-
-
0.80
0.90
EUR/USD Fixed Spreads
-
-
-
-
0.90
Commissions (USD Base)
$3.50
$3.50
$3.00
-
-
Minimum Deposit
$0
$0
$300
$150
$100
Swap Free Account
No Inactivity Fees
Funding Methods
16+
6+
8+
6+
7+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
ThinkMarkets
FXCM
City Index
AvaTrade
Currency Pairs
62+
46+
42+
84+
55+
Cryptocurrency CFDs*
12+
21+
7+
25+
15+
Index CFDs
14+
21+
13+
21+
33+
Share CFDs
300+
1200+
15+
4500+
625+
Commodities CFD
9+
15+
12+
46+
30+
Stockbroking
-
-
-
-
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
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (The United Kingdom)
500:1
500:1
500:1
400:1
400:1

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

Trading Platforms + Tools

Feature
Pepperstone
ThinkMarkets
FXCM
City Index
AvaTrade
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account
Unique Feature
Smart Trader Tools
STP Order Execution
Large range of trading platforms
Trade in 4,500 markets
Choice of social trading tools

Overall

Pepperstone
ThinkMarkets
FXCM
City Index
AvaTrade