RANKINGS
TOP MT4 BROKERS
In this article, we present the ranking of the best brokers for trading on the MT4 platform.
These companies have consistently demonstrated their excellence in the trading industry and provide traders with a top-notch trading experience.
Recommended Platform
The MT4 trading platform is one of the most popular and widely used by forex traders worldwide.
With this in mind, we have conducted a comprehensive review of the top three brokers offering Metatrader 4. Our review is based on key criteria such as regulation, location of their headquarters, variety of financial instruments, quality of customer service, accepted countries, and user feedback.
This review will provide you with valuable information to make an informed decision when choosing the best Metatrader 4 broker that suits your trading needs.
Tips for Choosing the Best Metatrader 4 Broker
Thorough Research: Conduct detailed research on the brokers you are considering. Review their reputation, track record, regulations, and feedback from other traders.
Regulation and Security: Ensure that the broker is properly regulated by a recognized financial authority. Regulation provides a higher level of security for your funds and ensures fair treatment.
Variety of Instruments: Check if the broker offers a wide range of financial instruments that align with your trading preferences. If you intend to trade the Euro-Dollar pair, you won't have any issues as all brokers offer it. However, if you require a selection of exotic pairs, you should consider this point more thoroughly.
Customer Service: Evaluate the broker's quality of customer service. Ensure that the broker offers prompt and efficient support in case of account or trading platform-related issues or inquiries.
Costs and Commissions: Compare the costs and commissions of different brokers. Remember that broker costs include spreads, commissions for opening and closing trades, overnight costs, deposit and withdrawal fees, among others. Make sure you fully understand the fee structure and potential hidden charges before opening an account as they will directly impact your trading performance.
Remember, these tips will help you make an informed decision when choosing the best Metatrader 4 broker that aligns with your individual needs and preferences.
In summary, selecting a reliable and secure broker to trade on MT4 is essential for any trader.
The best brokers for MT4 offer a robust and secure trading platform with a wide range of market analysis tools and resources. By choosing a trusted broker, traders can have confidence that their capital and trades are in good hands. If you're looking for the best brokers for MT4, don't hesitate to conduct thorough research and consider important aspects such as regulation, security, and costs.
At the end of the day, finding the right broker for MT4 can make a difference in your success as a trader in the financial market.
If you found this content helpful, you may also be interested in our Complete Guide on the MT4 Platform.
#3
XM is a Forex and CFD broker that has been operating since 2009 and is based in Cyprus.
> Regulation: XM is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) of the United Kingdom.
> HQ: XM's main headquarters are in Cyprus, and they have offices in various countries around the world.
> Variety of Financial Instruments: XM offers a wide variety of financial instruments, including over 55 currency pairs, precious metals, energies, indices, bonds, and cryptocurrencies.
> Customer Support: XM provides customer support 24 hours a day, 5 days a week, through live chat, email, and phone.
> User Opinion: XM users are highly satisfied with the quality of services provided by the broker, especially with the speed of trade execution and customer support.
#2
AvaTrade is an online broker founded in 2006 with its headquarters in Dublin, Ireland. Through its platform, AvaTrade provides access to a wide variety of financial instruments, including Forex, cryptocurrencies, stock indices, commodities, among others.
> Regulation: AvaTrade is regulated by several authorities worldwide, including the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority (FSCA) of South Africa, and the Financial Conduct Authority (FCA) of the United Kingdom. These regulators ensure that AvaTrade complies with the necessary requirements and standards to provide financial services to its clients.
> Headquarters: AvaTrade's main headquarters is located in Dublin, Ireland. Additionally, it has offices in various countries, including Australia, Japan, and the British Virgin Islands.
> Variety of Financial Instruments: AvaTrade offers a wide range of financial instruments to trade, including over 50 Forex currency pairs, CFDs on stocks, indices, commodities, bonds, and cryptocurrencies. Additionally, AvaTrade provides the option to trade through its own trading platform called AvaOptions, which offers options trading and a variety of technical analysis tools.
> Accepted Client Countries: AvaTrade accepts clients from around the world, except for certain countries such as the United States, Belgium, and Japan, due to regulatory restrictions.
> Customer Support: AvaTrade offers customer support 24 hours a day, 5 days a week, through phone, email, and live chat. The company also provides a wide range of educational and research resources on its website, including video tutorials, daily market analysis, charting tools, and economic calendars.
> User Opinion: The majority of AvaTrade users are satisfied with the service and platform quality. They highlight the platform's user-friendly interface, excellent customer service, and fast trade execution. However, some users have reported occasional technical issues, and others have mentioned that spreads and commissions are slightly higher compared to other online brokers.
AND THE WINNER IS...
Eightcap is a Forex and CFD broker that was established in 2019 and is headquartered in Australia.
> Regulation: Eightcap is regulated by the Australian Securities and Investments Commission (ASIC), ensuring compliance with regulatory standards and providing a secure trading environment.
> Account Types: They offer 3 types of accounts, Raw (with spreads as low as 0.0 pips and a very low commission per trade), Standard, and TradingView Account (both with spreads starting from 1 pip and no commission). Accounts can be denominated in AUD, USD, EUR, GBP, NZD, CAD, or SGD.
> Variety of Financial Instruments: Eightcap offers a wide range of financial instruments through MT4, including Forex currency pairs, indices, commodities, precious metals, and cryptocurrencies.
> Users Satisfaction: Users of Eightcap have expressed satisfaction with the broker's services, highlighting the quality of trade execution, customer support, and transparency in operations.
For these reasons, we have chosen Eightcap as the best broker offering MT4.
Recommended Platform
In summary, selecting a reliable and secure broker to trade on MT4 is essential for any trader.
The best brokers for MT4 offer a robust and secure trading platform with a wide range of market analysis tools and resources. By choosing a trusted broker, traders can have confidence that their capital and trades are in good hands. If you're looking for the best brokers for MT4, don't hesitate to conduct thorough research and consider important aspects such as regulation, security, and costs.
At the end of the day, finding the right broker for MT4 can make a difference in your success as a trader in the financial market.
If you found this content helpful, you may also be interested in our Complete Guide on the MT4 Platform.