Metatrader 4, also known as MT4, is one of the most popular platforms for trading CFD markets and currency. MT4 is used worldwide and using this broker platform is secure. There is an excellent potential for charting, and more than thousands of traders around the world upgrade this platform, regularly. Updated robots for automatic trading and indicators are frequently introduced to this platform. Users are also privileged to take advantage of the so-called "expert advisors" service in MQL on MT4 trading platform. According to different studies, more than 90 percent of retail Forex trading is executed using the MT4 ecosystem.
The best forex brokers for mt4
However, finding the top 10 forex brokers for MT4 can be a challenging task. In this post, we will introduce the top three forex brokers for MT4. We will introduce their distinctive features so that a better selection of the right trading broker would be possible for readers.
The best forex brokers for MT4: FXPro
The FXPro broker offers different services: indices, metals, energies, Forex, CFD markets, shares, and futures. FXPro started in 2006 and is based in London. FXPro provides services with the "No Dealing Desk" approach that facilitates trading by automatically matching up and routing orders with each other. This broker is not just confined to the MT4 ecosystem but can offer FXProEdge. FXProEdge is a proprietary platform for cTraders.
FXPro is regulated in many different countries. However, this broker is not regulated in the USA, meaning that it cannot serve traders based in this country. While FXPro has more than one hundred million dollars in its capital company, this broker can handle any financial challenges and storms with minimum damages. FXPro offers floating spreads and various payment methods such as Neteller, Skrill, Paypal, UnionPay, and credit cards.
The best forex brokers for MT4: OctaFX
OctaFX is in the market since 2011. This broker is based in St. Vincent but is regulated in the European Union (EU). This makes OctaFX more than only a local brokerage. On the other hand, OctaFX is not regulated in the USA; therefore, it cannot serve traders based in this country. OctaFX offers different services such as CFD market, metals, indices, and Forex. The broker works on the MT4 platform while also offering cTrader. cTrader is a reliable alternative to MT4.
OctaFX offers different trading accounts with different sizes. Another attractive option of this broker is bonus promotions that they give from time to time. This might be a good idea to check their bonuses before signing up for the platform. Using OctaFX, traders can use different payment options, including Credit cards, Neteller, Skrill, bank wire, and distinct regional vendors.
The best forex brokers for mt4
The best forex brokers for MT4: IG Group
This famous broker, based in London, currently offers more than 16 thousand brokers worldwide. IG Group is regulated in the USA. They use the MT4 platform as well as providing their own web-based platform called IG Trading. IG group covers different payment options such as PayPal, credit cards, and bank transfer.