Best MT4 Brokers In USA

OANDA is my top pick for MetaTrader 4 in the US, and I awarded them 91/100 in my tests. The broker provides excellent trading conditions on MT4, with fast execution speeds (sub-90ms) that are ideal for scalping and automated trading strategies.

The broker’s Standard account generated low spreads in my analyst’s test, saving you money on the broker’s 68 forex pairs. You can improve the MT4 platform with the broker’s 28 Premium Trading Tools. These include advanced indicators and plugins like Smart Lines, which are good for breakout trading.

Best Standard Account In USA

My head analyst, Ross Collins, conducted tests to find which brokers offer the lowest spreads in the USA. To do this, Ross used the IceFX SpreadMonitor EA, which records the daily average spreads. He deployed this EA on his own MT4 platform, across the Asian, London, and New York trading sessions.

In his tests, he found OANDA had some of the lowest US spreads. An average of 1.06 pips on EUR/USD beat the tested industry average of 1.11 pips. OANDA finished top of the list for its Standard account spreads too, making it the lowest spread broker in the USA regulated by CFTC/NFA.

Standard Spreads Tested By Ross Collins	EUR/USDAUD/USDGBP/USDUSD/JPYUSD/CADUSD/SGD	EUR/USDAUD/USDGBP/USDUSD/JPYUSD/CADUSD/SGD	EUR/USDAUD/USDGBP/USDUSD/JPYUSD/CADUSD/SGD	EUR/USDAUD/USDGBP/USDUSD/JPYUSD/CADUSD/SGD	EUR/USDAUD/USDGBP/USDUSD/JPYUSD/CADUSD/SGD
	1.06	1.00	1.86	1.55	1.75

Avg. spreads are taken from each broker's website and updated monthly. Last update on 04/01/2025

OANDA’s low spreads mean cheaper trading costs. So it is a top choice if lower fees are a priority.

Fast Execution Speeds On MT4

Another important factor is the broker’s trading conditions. Quick execution helps reduce the chance of slippage and requotes, which can negatively impact your trading costs. Ross tested the execution speed for US brokers to see who was the fastest.

In Ross’ tests, OANDA recorded excellent results, with a limit order speed of 86 ms and market order speed of 84 ms. This puts OANDA in first place among US brokers.

With both order types executing in below 100 ms, the trading environment is ideal. Both algorithmic traders and scalpers require fast market order speeds, and you’ll find that here.

OANDA Has Advanced Tools For MT4

OANDA gives access to MetaTrader 4 Premium Tools, offering you 28 plugins that I find improve MT4’s trading experience. For example, I like the Pivot Point and High-Low technical indicators that come in the bundle, as they are useful for breakout trading.

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I picked Forex.com as it has low spreads on its MT4 Account – 1.32 pips without commission across the major pairs. You can trade a solid range of markets too, with 80+ forex pairs and 2,500+ stock and futures markets.

FOREX.com has third-party trading tools that I found improved the overall MetaTrader 4 experience. There is Trading Central for automated technical analysis alerts, and Capitalise.ai for creating automated strategies without coding.

On top of this, you have Performance Analytics, which provides suggestions on how to improve your trading skills in real-time.

FOREX.com Has Tight MetaTrader 4 Spreads

FOREX.com’s MT4 account is a Standard account. As far as I can tell, the spreads on this account are the same as they are for the broker’s Standard Accounts on other platforms. They average 1.20 pips on EUR/USD during the New York trading session, which is low for US brokers.

I analyzed the broker’s top 5 major pair spreads during the same market session. On these pairs, I found the spreads averaged 1.32 pips, beating the industry average by around 14%.

This means Forex.com’s MT4 account offers cheaper spreads on EUR/USD, USD/JPY, GBP/USD, AUD/USD, and USD/CAD than most of its competitors.

Solid Trading Tools With MetaTrader 4

During my time using Forex.com, I liked that they offered extensions for the MT4 platform. The broker provides solid additional features, from technical analysis functions to automated trading tools.

A tool that stood out for me was Capitalise.ai. The tool transforms manual strategies into automations through its AI, so you can build automated trading bots with no coding background.

I simply inputted my trading rules, and the tool created the full automation instantly. MT4 also allows you to backtest the bots you create.

Trading Central is another solid tool if you day trade. It provides professional technical analysis alerts across the broker’s 90+ forex markets, using price action and chart pattern signals. I received around 15+ alerts a day during the New York session, giving me great value as I looked for trading opportunities.

You also have access to Performance Analytics. Here, you’ll gain real-time strength and weakness analysis on your trading performance. I found it very useful for improving my strategies.
If you’re not sure which is the best trading platform for your trading style, I created this tool to help. Try it below:

I chose Tastyfx as I found the broker provides an excellent demo account for the MT4 platform. You can trade with $10,000 in virtual funds on the demo, and can also access the Signal Centre for professional trading signals. This is a great opportunity to learn to trade in real-time.

The educational material on Tastyfx is also decent. I found more than 20 online lessons, which go into detail on how to trade and build your own trading strategies. You’ll also have access to 80+ forex markets, and spreads from 0.80 pips on EUR/USD (commission-free). I found that the broker managed to simplify the pricing without increasing the spreads too much.

Generous MetaTrader 4 Demo Account With Signal Centre

If you’re looking for a demo account to try, Tastyfx has a solid option. The $10,000 of virtual funds and full range of features give you a complete trading experience while you practice with the broker.

As well as all of MetaTrader 4’s features, you have Tastyfx’s add-ons. For example, Signal Centre, which lets you receive real-time trading signals from Acuity, a top market-research firm.

I like that this provides clear open and target levels, and that you can filter by confidence rating. This means you receive only high-confidence ideas. If you’re a beginner, you can use these signals to help you understand trading opportunities in real-time.

In-depth Education Resources With Online Lessons

The broker provides a comprehensive educational area with 20+ online lessons. The lessons cover everything from the basics of forex trading, to the development of advanced trading strategies.

I found these lessons surprisingly decent, with plenty of knowledge covered in each session – most brokers offer only barebones content, from my experience.

Although there is no video to accompany the lessons, the illustrations, images, and diagrams are well-developed. This multi-media approach really helps reinforce the lessons in my opinion.

Learning from brokers themselves isn’t usually ideal, but with Tastyfx I think you can grasp the fundamentals. This is more than I can say for educational materials from other brokers I’ve seen.

Low Minimum Deposit and Trading Costs

When opening my live trading account, the minimum deposit requirement was $100, which is one of the lowest for US-regulated forex brokers. This allows you to fund your account with a small balance when you are ready. The transition from the demo account to a live environment becomes much gentler.

There are no costs for depositing or withdrawing, and the broker’s Standard account has low spreads from 0.80 pips on EUR/USD.

I found Trading.com offers solid trading conditions if you want to use MT5. The T1 account provides low spreads, averaging 1.20 pips EUR/USD. It also requires only a low $50 minimum deposit to get started.

Trading.com has 70+ currency pairs and solid research tools, which include trading signals and sentiment indicators. These tools pair nicely with the MT5’s Depth of Markets feature. With 24/5 customer support through Live Chat, you can access a human agent to answer your query quickly.

Trading.com Offers MetaTrader 5

MetaTrader 5 offers almost everything MT4 has, plus additional technical indicators, bringing the number up to more than 38.
The developers have also improved the software’s infrastructure to provide a faster environment. This means improved functionality for EAs, although there are fewer EAs overall when compared to MT4. Of course, you still have one-click trading, custom indicators, and automated trading.

The platform has advanced tools like Depth of Markets and a native economic calendar. Depth of Markets lets you see the order flow of the liquidity provider, uncovering real-time blocks of orders for supply and demand analysis.

My favourite upgrade is the native economic calendar, which applies an upcoming market event overlay to your chart. This helps you to avoid price spikes from high-impact events. It also saves you from switching between chart and website to review the latest economic data releases – you can do it all in one platform.

If you’re an experienced trader, these tools can help you time your trades better.

T1 Account Has Tight Spreads

While using Trading.com, I found the T1 account had decent spreads. The T1 account is the broker’s Standard account, providing commission-free trading with spreads that start from 0.90 pips. However, while using the account, I found these spreads averaged 1.20 pips on EUR/USD, which puts them on par with most US-regulated brokers like Forex.com.

You can open a T1 account with a minimum deposit of $50. I found I could use 1:50 leverage, so the minimum gave me enough to open 2 micro-lots on EUR/USD.