Alternatively, most brokers offer demo accounts so you can use virtual funds to practice trading before funding with real money. What is the difference between MT4 and MT5? MetaTrader 4 (MT4) is based on a prior generation (version) of software, whereas MetaTrader 5 (MT5) is the latest version. For starters in Forex trading, a free MetaTrader 5 download demo account provides the right preliminary grounds to experiment and learn before trading with a real live account. With a free demo account, newbies can learn how to analyze trends and execute orders without staking real money.

The ForexBrokers.com annual forex broker review (five years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. How we test.

Having used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for more than a decade, I wanted to create a comprehensive guide for traders. In this guide, I will breakdown the best brokers for MetaTrader 4 and answer the most common questions about the trading platform.

This MT4 guide starts with basics that will help beginners and then progresses to more advanced topics, such as social copy trading and using automated trading systems.

Are the lines sharp and distinct? https://connectnew.amebaownd.com/posts/20519491.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best MetaTrader (MT4) Brokers

IC Markets - Best overall for MetaTrader
FP Markets - Full MetaTrader suite, competitive pricing
XM Group - MetaTrader with custom indicators
Pepperstone - MetaTrader suite with addons
FxPro - MetaTrader suite, average pricing
Vantage FX - MetaTrader suite, great pricing for higher balances
Swissquote - MetaTrader suite, Swiss bank

Best overall for MetaTrader - Visit Site
IC Markets caters exceptionally-well to algorithmic traders through its commission-based accounts. Third-party research and trading tool plugins are part of the IC Markets MetaTrader platforms offering, making it our number one MetaTrader broker in 2021. (74-89% of retail investor accounts lose money)Read full review

Full MetaTrader suite, competitive pricing - Visit Site
FP Markets' low effective spreads (Raw ECN account) combined with its platform add-ons and access to over 130 tradeable symbols is a winning combination in 2021. Like other best MT4 brokers, the full MetaTrader suite is available. (The vast majority of retail investor accounts lose money)Read full review

MetaTrader with custom indicators - Visit Site
XM Group is a vanilla MetaTrader broker that offers the complete MetaTrader suite, along with a few notable upgrades to enhance the experience, in addition to custom indicators. Trading tools aside, XM Group’s research offering is rich with depth and variety, challenging industry leaders such as IG and Saxo Bank. (77.29% of retail investor accounts lose money)Read full review

MetaTrader suite with addons - Visit Site
While Pepperstone offers a small set of tradeable products, it provides one of the largest selections of third-party platforms, including multiple social copy trading options. Pepperstone's Smart Trader Tools module, developed by FX Blue LLP, brings a dozen platform add-ons that enhance the default MetaTrader experience if you have a balance of over AUD 500. (74-89% of retail investor accounts lose money)Read full review

Full MetaTrader suite, average pricing - Visit Site
Besides offering the full MetaTrader suite, FxPro stands out for its execution methods, with both agency and market-maker execution available by account type. While not a discount broker, FxPro does offer an active trader program that can help high volume traders reduce their trading costs. (74.02% of retail investor accounts lose money)Read full review

MetaTrader suite, great pricing for higher balances Visit Site
Vantage FX offers the full MetaTrader suite, which includes the Smart Trader add-ons. While not a discount broker on its main accounts, if you deposit $20,000 to access the PRO ECN account, Vantage FX offers low effective spreads with commission comparable to pricing leaders. (74-89% of retail investor accounts lose money)Read full review

MetaTrader suite, Swiss bank
Traders willing to pay a premium to have their brokerage account held with a Swiss bank choose Swissquote for its competitive, multi-asset offering. Like its competitors, Swissquote offers the full MetaTrader platform suite. (79% of retail investor accounts lose money)Read full review

MetaTrader 4 Brokers List

Here is a list of forex brokers that offer MetaTrader 4: Admiral Markets, ADS Securities, AvaTrade, BlackBull Markets, City Index, CMC Markets, Darwinex, Dukascopy, easyMarkets , Eightcap , ETX Capital , Forex.com, FP Markets, FXCM, FxPro, HYCM, HotForex, IC Markets, IG, KVB Kunlun, Markets.com, OANDA, OctaFX, Pepperstone, Saxo Bank, Swissquote, Tickmill, Vantage FX, VT Markets, XM Group, and XTB.

Is MetaTrader 4 a broker?

No. MetaTrader 4 is a third-party trading platform that connects to a broker for forex trading. MetaTrader 4 is the most popular third-party platform for trading forex. Alongside MT4, cTrader is another popular trading platform.

Instead of MetaTrader, some brokers build their own custom trading platforms in-house. Based on assessing 27 brokers in our 2021 Review, the best forex brokers offer proprietary platforms.

MetaTrader Platforms Comparison

Using data from our forex broker comparison tool, here's a comparison of the MetaTrader platforms offered by the best MT4 brokers.

Feature	IC Markets Visit Site	FP Markets Visit Site	XM Group Visit Site	Pepperstone Visit Site
Proprietary Platform	No	No	No	No
Desktop Platform (Windows)	Yes	Yes	Yes	Yes
Web Platform	Yes	Yes	Yes	Yes
Social Trading / Copy-Trading	Yes	Yes	Yes	Yes
MetaTrader 4 (MT4)	Yes	Yes	Yes	Yes
MetaTrader 5 (MT5)	Yes	Yes	Yes	Yes
cTrader	Yes	No	No	Yes
DupliTrade	No	No	No	Yes
ZuluTrade	Yes	No	No	No

Who created MetaTrader?

Founded in 2000, MetaQuotes Software Corp is the developer of MetaTrader4 (MT4) and MetaTrader5 (MT5) software. The MetaTrader suite, which is licensed by brokers and offered to traders, is one of the most widely used trading platforms for retail forex and CFDs trading globally.

How do I get a broker for MetaTrader?

We spent three months testing 27 different forex and CFDs brokers, then compiled a list of the best MetaTrader 4 brokers. Our top pick for 2021, IC Markets, offers the full MetaTrader suite alongside competitive pricing, add-on trading tools, and quality market research.

Once you decide on a broker you want to use for MT4, you simply open and fund a brokerage account. Thereafter, you can start trading forex and CFDs with MT4. Alternatively, most brokers offer demo accounts so you can use virtual funds

Can I Trade Real Money On Trade Metatrader