The 3 brokers on this page, ranked
Ordered by our global published score, highest first. There is no US score, because there is no US test; each name links to that broker's US review.
- OANDA: highest global score of the three, 92 out of 100
- tastyfx: second-highest global score of the three, 68.2 out of 100
- FOREX.com: third-highest global score of the three, 67.6 out of 100
Which 3 US forex brokers offer MT4?
1. OANDA: highest global score of the three
Advertised EUR/USD spread
1.4 pips, advertised, Spread-only pricing account
Platforms
OANDA Trade (web, mobile, tablet), TradingView, MetaTrader 4
NFA registration
OANDA Corporation, NFA ID 0325821, FCM and RFED, Forex Dealer Member since October 7, 2010
Retail forex obligations, July 2026
US$132,445,959, second of six reporting firms (CFTC financial data)
Why We Recommend OANDA
I recommend OANDA if you want a dealer whose US site puts MT4 next to its own platform. Because that same page lists OANDA Trade and TradingView beside MT4, my view is you can keep the platform you know and still have the other two when you want them. I also like that its spread-only pricing wraps the commission into the spread, so you face one number rather than two.
Pros & Cons
- Its US site lists MT4 alongside OANDA Trade and TradingView, so you can choose your platform (its platforms page).
- On our global panel of 36 brokers it was the second fastest for market orders, at 84 ms, and fifth for limit orders, at 86 ms.
- Its US site offers a demo account you can switch to from live trading (its education pages).
- Its US site lists no base currencies for an account.
- No futures or options product appears on its US site.
Broker's Detail
OANDA Corporation (NFA ID 0325821) is registered with the CFTC as a Futures Commission Merchant (since March 14, 2003) and a Retail Foreign Exchange Dealer (since October 5, 2010); it has been an NFA member since March 14, 2003 and holds the NFA's Forex Dealer Member designation since October 7, 2010 (NFA BASIC, read September 23, 2026).
You pay one number on its spread-only pricing account: EUR/USD is advertised at 1.4 pips, with the commission wrapped into the spread (the pricing page of its US site, in a table headed "Spread").
Its US site advertises an EUR/USD margin rate from 2% (its homepage), and you can fund an account by debit card backed by Mastercard, Visa, or Discover, wire transfer, or ACH bank transfer (its funding and withdrawals page).
| What the US site states | Source |
|---|---|
| Choose our fully customizable OANDA Trade web-based platform or apps for mobiles and tablets. You can also trade on our online trading platform using TradingView and MT4. | US site, September 23, 2026 |
2. tastyfx: second-highest global score of the three
Advertised EUR/USD spread
0.8 pips, advertised minimum, Standard account
Platforms
tastyfx platforms, TradingView, MetaTrader 4, MetaTrader 5, ProRealTime
NFA registration
tastyfx LLC, NFA ID 0509630, RFED, Forex Dealer Member since October 15, 2018
Retail forex obligations, July 2026
US$49,950,447, fourth of six reporting firms (CFTC financial data)
Why We Recommend tastyfx
I recommend tastyfx if platform breadth is what you want around your MT4 trading. If you like having other platforms beside MT4, I think its platforms page, which connects you to TradingView and ProRealTime as well, gives you that at one dealer. Its published score is its parent group's global score applied to tastyfx, and no US account or US entity was part of that test.
Pros & Cons
- Its US platforms page lists MT4 alongside TradingView and ProRealTime (its platforms page), and its about-us page also lists MetaTrader 5.
- MT4 runs through a MetaTrader account that its accounts page says offers the same tight spreads and fast execution as its other accounts (its accounts page).
- Its demo account comes with US$10,000 in virtual funds (its demo account page).
- A 0.5% charge applies when profit or loss on a pair quoted in a currency other than the US dollar, such as USD/JPY or EUR/GBP, is converted to US dollars (its pricing page).
- Its US site lists no base currencies for an account.
Broker's Detail
tastyfx LLC (NFA ID 0509630) is registered with the CFTC as a Retail Foreign Exchange Dealer (since October 15, 2018) and an Introducing Broker (since December 10, 2024); it has been an NFA member and a Forex Dealer Member since October 15, 2018 (NFA BASIC, read September 23, 2026).
You can fund an account by debit card, wire transfer, or ACH bank transfer (its help and support pages).
| What the US site states | Source |
|---|---|
| We'll connect you to TradingView, MetaTrader 4, ProRealTime, and more. | US site, September 23, 2026 |
3. FOREX.com: third-highest global score of the three
Advertised EUR/USD spread
1.2 pips, advertised minimum, Spread-only account
Platforms
FOREX.com platform (web, mobile), TradingView, MetaTrader 4, MetaTrader 5
NFA registration
GAIN Capital Group LLC, NFA ID 0339826, FCM and RFED, Forex Dealer Member since October 7, 2010
Retail forex obligations, July 2026
US$204,121,663, first of six reporting firms (CFTC financial data)
Why We Recommend FOREX.com
I recommend FOREX.com if you want an MT4 account priced through a spread-only account with no separate commission. Its US site lists MT4 for mobile and desktop, and its account comparison page describes the spread-only account for traditional forex traders with a fully customizable FOREX.com trading platform or MT4. In my opinion that is a clear, single-number pricing setup for an MT4 user.
Pros & Cons
- Its US site lists MT4 for mobile and desktop, alongside MetaTrader 5 and TradingView (its account comparison page).
- Its account menu lists a separate MT4 Account (its account comparison page).
- Its demo account runs for 90 days on its full-featured demo platform (its demo account page).
- Its minimum initial deposit is US$100 (its FAQ page).
- Its futures and futures options come through an affiliate, StoneX Futures, as its US site states.
Broker's Detail
GAIN Capital Group LLC (NFA ID 0339826) is registered with the CFTC as a Futures Commission Merchant (since July 29, 2004) and a Retail Foreign Exchange Dealer (since October 7, 2010); it has been an NFA member since July 29, 2004 and holds the NFA's Forex Dealer Member designation since October 7, 2010 (NFA BASIC, read September 23, 2026).
Its spread-only account advertises EUR/USD at 1.2 pips minimum, "as low as", with variable spreads and no commission (its trade prices page). Its RAW pricing account runs on the FOREX.com platform or MT5 (its account comparison page).
Its margin requirements table states 2% for EUR/USD (its margin requirements page), and its US site states that all client money is kept separate from the firm's funds and held in separate accounts with top-tier banks (its strength and security page).
| What the US site states | Source |
|---|---|
| Platforms FOREX.com platform (Web, Mobile) TradingView.com MetaTrader 4 (Mobile, Desktop) MetaTrader 5 (Web, Mobile, Desktop) | US site, September 23, 2026 |
MetaTrader 4 at the 3 brokers, side by side
The register holds six firms registered as retail forex counterparties with a Forex Dealer Member designation: four are Retail Foreign Exchange Dealers and two are Futures Commission Merchants without an RFED registration (NFA BASIC, read September 23, 2026). OANDA, tastyfx, and FOREX.com are among them. The table below shows each site’s MT4 wording and its advertised EUR/USD spread and basis, and my advice is to read the basis word as you compare.
| Broker | NFA entity (NFA ID) | MetaTrader 4, as the US site lists it | Advertised EUR/USD spread and basis | Source |
|---|---|---|---|---|
| OANDA | OANDA Corporation (0325821) | Choose our fully customizable OANDA Trade web-based platform or apps for mobiles and tablets. You can also trade on our online trading platform using TradingView and MT4. | 1.4 pips, advertised, Spread-only pricing account | US site, September 23, 2026 |
| tastyfx | tastyfx LLC (0509630) | We'll connect you to TradingView, MetaTrader 4, ProRealTime, and more. | 0.8 pips, advertised minimum, Standard account | US site, September 23, 2026 |
| FOREX.com | GAIN Capital Group LLC (0339826) | Platforms FOREX.com platform (Web, Mobile) TradingView.com MetaTrader 4 (Mobile, Desktop) MetaTrader 5 (Web, Mobile, Desktop) | 1.2 pips, advertised minimum, Spread-only account | US site, September 23, 2026 |
Can US traders use MT4?
Yes, US traders can use MT4. OANDA, tastyfx, and FOREX.com each list MetaTrader 4 on their US site. Whatever platform you trade on, your account sits with the CFTC-registered legal entity, and 17 CFR 5.9 sets a security deposit of 2% of the notional value of a retail forex transaction on major currency pairs (50:1, our arithmetic) and 5% on all others (20:1, our arithmetic). The CFTC tells a US resident to verify that the entity is properly registered with the CFTC, and to visit the NFA BASIC database to check (cftc.gov/check). I would do that before you fund any account.
How does the FIFO rule apply to MT4 in the US?
NFA Compliance Rule 2-43(b) provides that Forex Dealer Members may not carry offsetting positions in a customer account but must offset them on a first-in, first-out basis. FOREX.com’s US site states that on MetaTrader platforms all positions must be closed FIFO, regardless of position quantity (its orders and execution page). tastyfx’s site states that positions in the same currency pair, and same size, need to be closed in a First In, First Out basis (its help and support pages). OANDA’s site describes the first-in, first-out rule as a mandatory requirement that all brokers in the United States must follow (its education pages). I would read the FIFO statement of the dealer you choose before you place several trades in the same pair.
More US forex broker pages
The other pages built on the same six registered dealers. The anchor text is each page's own heading.
FAQs
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Related pages
About the author
Justin Grossbard is the CEO & Co-Founder of CompareForexBrokers established in 2014, along with Noam Korbl and works as Strategic Head Of Research.
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