Updated January 2026 • Independently Tested

Best MT4 Brokers 2026

We tested 13 MetaTrader 4 brokers on spreads, execution speed, EA support, and regulation. Here are the top performers.

13 Brokers Tested

47 Data Points

100% Regulated

Brokers Regulated By:

FCA ✓

ASIC ✓

CySEC ✓

FSCA ✓

JFSA ✓

DFSA ✓

BaFin ✓

🔒 256-bit SSL

🛡️ Verified Reviews

✓ Independent

Quick Summary: Best MT4 Brokers

Best Overall AvaTrade Multi-regulated, great for beginners

Best for Scalping IC Markets 0.0 pip spreads, fastest execution

Best for EAs Pepperstone No restrictions, free VPS

Best Low Deposit Axi No minimum, raw spreads

Top 10 MT4 Brokers Ranked

Each broker was tested on a live account. Rankings based on MT4-specific features.

1 Best

AvaTrade

4.2 /5

Award-Winning Multi-Asset Broker

Spreads 0.9 pips

Min Deposit $100

Regulation Central Bank of Ireland, ASIC

Why We Like It: ✓ Multi-regulated by 6+ tier-1 authorities✓ Excellent educational resources

Full Review Get Bonus Code →

Axi

4.3 /5

Professional-Grade ECN Trading

Spreads 0.0 pips

Min Deposit $0

Regulation ASIC, FCA

Why We Like It: ✓ Raw spreads from 0.0 pips✓ No minimum deposit requirement

Full Review Visit Broker →

Pepperstone

4.5 /5

Award-Winning Forex & CFD Broker

Spreads 0.0 pips

Min Deposit $0

Regulation ASIC, FCA

Why We Like It: ✓ Razor-sharp spreads from 0.0 pips✓ Ultra-fast execution (avg 30ms)

Full Review Visit Broker →

IC Markets

4.6 /5

True ECN Trading with Raw Spreads

Spreads 0.0 pips

Min Deposit $200

Regulation ASIC, CySEC

Why We Like It: ✓ Industry-leading raw spreads from 0.0 pips✓ True ECN execution with no dealing desk

Full Review Visit Broker →

IG

4.4 /5

World's #1 CFD Provider

Spreads 0.6 pips

Min Deposit $250

Regulation FCA, ASIC

Why We Like It: ✓ 50+ years established✓ Publicly traded (FTSE 250)

Full Review Visit Broker →

GO Markets

4.1 /5

Award-Winning Australian Broker

Spreads 0.0 pips

Min Deposit $200

Regulation ASIC, CySEC

Why We Like It: ✓ Raw spreads from 0.0 pips✓ Multiple platforms

Full Review Visit Broker →

Libertex

3.8 /5

Zero Spread Trading

Spreads 0.0 pips

Min Deposit $100

Regulation CySEC

Why We Like It: ✓ Zero spreads model✓ Transparent commission pricing

Full Review Visit Broker →

City Index

4.2 /5

Professional Trading Since 1983

Spreads 0.5 pips

Min Deposit £100

Regulation FCA, ASIC

Why We Like It: ✓ 40+ years established✓ FCA regulated

Full Review Visit Broker →

easyMarkets

3.9 /5

Trade with Confidence

Spreads 0.7 pips

Min Deposit $25

Regulation CySEC, ASIC

Why We Like It: ✓ Unique dealCancellation feature✓ Fixed spreads

Full Review Visit Broker →

Vantage

4.2 /5

Trade Smarter

Spreads 0.0 pips

Min Deposit $50

Regulation ASIC, FCA

Why We Like It: ✓ Raw spreads from 0.0 pips✓ Low $50 minimum deposit

Full Review Visit Broker →

MT4 Broker Comparison Table

Side-by-side comparison of key metrics

Broker	Our Rating	Spreads From	Min Deposit	EA Support	Top Regulation
#1 AvaTrade	4.2/5	0.9 pips	$100	✓ Full	Central Bank of Ireland
#2 Axi	4.3/5	0.0 pips	$0	✓ Full	ASIC
#3 Pepperstone	4.5/5	0.0 pips	$0	✓ Full	ASIC
#4 IC Markets	4.6/5	0.0 pips	$200	✓ Full	ASIC
#5 IG	4.4/5	0.6 pips	$250	✓ Full	FCA
#6 GO Markets	4.1/5	0.0 pips	$200	✓ Full	ASIC
#7 Libertex	3.8/5	0.0 pips	$100	✓ Full	CySEC
#8 City Index	4.2/5	0.5 pips	£100	✓ Full	FCA
#9 easyMarkets	3.9/5	0.7 pips	$25	✓ Full	CySEC
#10 Vantage	4.2/5	0.0 pips	$50	✓ Full	ASIC

How We Test MT4 Brokers

Our rigorous testing methodology

📊

Spread Analysis

We measure live spreads during London and New York sessions across major pairs. Average spreads over 5 trading days.

⚡

Execution Speed

We test order execution using custom EAs, measuring fill times and slippage on market orders.

🤖

EA Compatibility

We run popular EAs to test for restrictions, verify VPS options, and check for any limitations on strategies.

🛡️

Regulation Check

We verify all regulatory claims directly with authorities and confirm fund segregation and investor protection.

MT4 Broker FAQ

What is the best MT4 broker for beginners?

For beginners in 2026, AvaTrade is our top pick. It offers an intuitive MT4 experience, excellent educational resources, copy trading features, and strong regulation from FCA, ASIC, and more. The $100 minimum deposit is accessible, and their customer support is available 24/5.

What is the best MT4 broker for scalping?

For scalping, we recommend IC Markets or Pepperstone. Both offer raw spread accounts starting from 0.0 pips, ultra-fast execution under 40ms, and explicit scalping-friendly policies. IC Markets processes over $1 trillion monthly volume, ensuring deep liquidity.

What is the best MT4 broker for Expert Advisors (EAs)?

For running EAs, IC Markets and Pepperstone lead the pack with VPS hosting options, no restrictions on EA strategies, and server locations optimized for low latency. AvaTrade also allows EAs and offers their own autotrading solutions.

Which MT4 broker has the lowest spreads?

IC Markets and Pepperstone offer the lowest spreads on MT4, with raw spreads from 0.0 pips on EUR/USD (plus commission). For commission-free trading, AvaTrade offers competitive spreads from 0.9 pips with no additional fees.

Is MT4 still the best trading platform?

MT4 remains the most popular retail forex platform due to its stability, EA ecosystem, and widespread broker support. While MT5 offers more features, MT4's simplicity and massive library of custom indicators and EAs keep it as the top choice for forex traders.

Can I trade crypto on MT4?

Yes, many MT4 brokers offer cryptocurrency CFDs. AvaTrade offers 20+ crypto pairs on MT4, while other brokers like eToro (via their own platform) specialize in crypto. Note that you're trading CFDs, not owning the actual cryptocurrency.

Do all forex brokers offer MT4?

No, not all brokers offer MT4. Some use proprietary platforms only (like eToro, Plus500). However, most traditional forex brokers support MT4 due to its popularity. Always check platform availability before opening an account.

What is the minimum deposit for MT4 brokers?

Minimum deposits vary: Axi and Pepperstone have no minimum, AvaTrade requires $100, and IC Markets requires $200. Some brokers offer micro accounts for as little as $1, but we recommend at least $100-500 for proper risk management.

Ready to Trade on MT4?

Our top pick for 2026 is AvaTrade - multi-regulated with excellent MT4 support and exclusive bonuses.

Read AvaTrade Review Find Your Perfect Broker