MetaTrader is widely regarded as the premier free platform for trading various financial instruments, including forex, CFDs, futures, indices, commodities, and cryptocurrencies. It is accessible to traders globally through more than 750 online brokers that offer the MetaTrader platform.
Due to its reliability and user-friendly nature suitable for traders of all experience levels, most brokers listed in the TU Forex brokers rating provide MetaTrader for their clients. In this article, you will find a selection of the top MetaTrader 4 Forex Platforms in the market and provide a beginner’s guide to using the platform. Insights from Traders Union experts assist traders in selecting the best MT4 broker and uncovering the full potential of MetaTrader.
The top five forex brokers for MT4 in 2023
In 2023, TU analysts compiled a list of the top MT4 forex brokers, utilizing their expert evaluation and user feedback. These brokers are selected from the general forex brokers rating maintained by Traders Union.
- MultiBank – The Best MT4 Forex Broker
With a paid-up capital exceeding $322 million, MultiBank Group is a prominent player in the trading world, offering exemplary products and services. Closely supervised by 11 financial regulators worldwide, it ensures investor protection. It provides 20,000+ CFD products across six asset classes, lowest spreads starting from 0.0 pips on Forex, and $0.07 on Gold. With multilingual expert customer support and guaranteed funds withdrawals within 24 hours, MultiBank offers a secure and competitive trading environment.
- RoboForex – The Best MT4 Forex Broker
Founded in 2009, RoboForex serves clients in 169 countries, providing a reliable and easy-to-use platform. It is recognized as a leading software developer and has garnered high praise from clients. Regulated by various authorities, including FCA, CySEC, and FSCA, RoboForex offers a wide range of trading opportunities and exceptional customer service.
- Exness – The Best MT4 Forex Broker
Operating since 2008, Exness is a well-established broker with a global presence, adhering to local laws in over 130 countries. Holding multiple licenses, including FCA, CySEC, and FSC, it offers financial security and a diverse range of trading instruments. With a monthly trading turnover of $325.8 billion USD, Exness holds a leading position in forex ratings.
- Tickmill – The Best MT4 Forex Broker
Tickmill Group sets a new standard for brokerage services, focusing on innovation and offering minimal spreads, appreciated by scalpers and EA users. The company has earned several awards, including “Best Forex Spreads” and “Best Forex Trading Experience” in 2022, making it an attractive choice for traders seeking cutting-edge technology.
- VantageFX – The Best MT4 Forex Broker
Operating since 2009, Vantage Markets is an STP broker offering a wide range of trading assets, including forex pairs, CFDs on stocks, commodities, and indices. Regulated by FCA, ASIC, VFSC, and CIMA, it provides a secure and compliant trading environment. Vantage Markets has received 11 prestigious awards, further reinforcing its reputation in the industry.
How to Choose the Best MetaTrader Broker?
Selecting the best MetaTrader broker is crucial for long-term trading success. Consider factors such as low commissions and fees, quick execution speed, low spreads, and the ability to trade small lots. Avoid brokers with inactivity fees, and always test a broker with a demo account before opening a live account.
MetaTrader is undoubtedly the preferred platform for forex trading, offering a plethora of features and opportunities for traders of all levels. Its benefits can be maximized through proper understanding and utilization. Selecting the right MT4 broker is essential for a rewarding trading experience, and TU expert assessment and user feedback can help traders make informed choices. With MetaTrader’s robust platform and the best MT4 brokers, traders can trade smarter and increase their profits effectively.