Best MetaTrader 4 (MT4) Brokers for 2026
By Adrian Rochester Updated October 2026 · 10 brokers ranked
Not financial advice. Our rankings and reviews are for general information only and are not a recommendation to open an account or to trade. Forex and CFDs are high-risk; consider independent advice and whether you can afford to lose your money.
Brokers that offer MetaTrader 4, the long-established platform for charting and automated trading with expert advisors.
- EUR/USD cost
- £4.53 /lot
- Platforms
- IG Platform, MT4, MT5 +2
- Min deposit
- £0
- No account, platform or inactivity fees
- Decades-long history, parent listed on the LSE
69% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- EUR/USD cost
- £5.25 /lot
- Platforms
- Pepperstone Platform, MT4, MT5 +2
- Min deposit
- £0
- Razor account: raw spreads plus low fixed commission
- Five platforms including TradingView and cTrader
72.9% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- EUR/USD cost
- £4.53 /lot
- Platforms
- Next Generation, MT4, TradingView
- Min deposit
- £0
- Advanced charting with pattern recognition
- 21,000+ instruments including ~300 FX pairs
68% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- EUR/USD cost
- ~£5.28 /lot
- Platforms
- FxPro Platform, MT4, MT5 +2
- Min deposit
- £0
- FCA-regulated since 2010, with FSCS membership and negative balance protection
- Wide platform choice: MT4, MT5, cTrader, TradingView and its own FxPro platform
79% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- EUR/USD cost
- ~£3.40 /lot
- Platforms
- Axi Platform, MT4, MT5 +1
- Min deposit
- £0
- No required minimum deposit; free card, PayPal and bank deposits
- Raw-spread Pro account
66.36% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- EUR/USD cost
- £5.28 /lot
- Platforms
- FOREX.com Web, MT4, MT5 +1
- Min deposit
- £100
- 80+ currency pairs
- Part of publicly listed StoneX group
74% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- EUR/USD cost
- £4.53 /lot
- Platforms
- OANDA Trade, MT4, MT5 +1
- Min deposit
- £0
- No minimum deposit or withdrawal fees
- Spread betting and CFDs on MT4, MT5 and TradingView
76.6% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- EUR/USD cost
- ~£6.04 /lot
- Platforms
- MT4, MT5, TradingView
- Min deposit
- ~£75
- Low raw-account commission ($3 per lot per side)
- FCA and CySEC regulated
69% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- EUR/USD cost
- £2.75 /lot
- Platforms
- MT4, MT5, TradingView +1
- Min deposit
- £50
- £1 per side RAW ECN commission on GBP accounts
- Lloyd's excess-of-FSCS insurance up to £1m
70.98% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- EUR/USD cost
- ~£4.53 /lot
- Platforms
- MT4, MT5, HFM App
- Min deposit
- ~£19
- No minimum deposit on Premium account
- Wide range of account types
71.46% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
How we make money: some links on this page are affiliate links. If you open an account through them we may earn a commission, at no extra cost to you. This never affects our ratings, which follow our published methodology.