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Best MT4 Forex Brokers in 2024

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MT4

Regulation

CFTC, NFA

Established

1996

Headquarters

United States

Min Deposits

USD 0

Leverage

1:50

Platform

OANDA App, MT4, TradingView

More Details

Pros

$0 minimum deposit
Fast order execution
Award-winning platforms
Innovative trading education
A dedicated relationship manager

Cons

Limited range of tradable Instruments

Website

oanda.com

Address

17 State Street, Suite 300. New York NY 10004-1501

IG US has changed its name to tastyfx. IG, established in 1974, is one of the oldest and most prominent forex brokers in the industry. With a global presence and a market cap of over…

Regulation

CFTC registered, member of NFA.

Established

1974

Headquarters

United States

Min Deposits

USD 250

Leverage

1:100

Platform

MetaTrader4 and ProRealTime

More Details

Pros

Tight spreads
$0 commissions
Daily US dollar news
24-hour trade support
Fast and transparent execution
Quick Submit trading mode
80+ forex pairs

Cons

Inactivity fee
Islamic account only available

Website

tastyfx.com

Address

1330 W Fulton, Suite 610 Chicago, IL 60607

Trade Nation

Trade Nation was founded in 2014 and is regulated by top-tier financial authorities: In the United Kingdom, Trade Nation is regulated by the Financial Conduct Authority (FCA), in Australia by the Australian Securities and Investment…

Regulation

FCA, FSA Seychelles, ASIC, FSCA, SCB

Established

2014

Headquarters

United Kingdom

Min Deposits

USD 0

Leverage

1:200

Platform

MT4, TradingView and TN Trader

More Details

Pros

Tight, fixed spreads
Minimal slippage
35 majors and minors pairs
Multi regulated
Cashback rewards available
Good customer support
Free deposit and withdrawal
No minimum deposit prescribed

Cons

Limited trading platform
No account tiers
No US clients accepted

Website

tradenation.com

Address

14 Bonhill Street, London, EC2A 4BX, United Kingdom

Pepperstone

Regulation

FCA, BaFin, ASIC, DFSA, CMA, SCB, CySEC

Established

2010

Headquarters

Australia

Min Deposits

USD 200

Leverage

1:2000

Platform

MT5, cTrader, MT4, TradingView

More Details

Pros

Fast order execution
24/7 customer service
VPS hosting
Fast and reliable
No dealing desk execution
No minimum account

Cons

No US client accepted
Limited market analysis

Website

pepperstone.com

Address

Level 16, Tower One, 727 Collins Street Melbourne, VIC Australia 3008

Headquartered in Australia, TMGM – officially known as Trademax Global Markets – is a forex broker that offers high leverage trading in popular forex pairs and CFDs based on commodities, stock indices, and a very…

Regulation

ASIC, VFSC, FMA and FSC Mauritius

Established

2013

Headquarters

Australian

Min Deposits

USD 100

Leverage

1:1000

Platform

MT4 , MT5, TMGM App

More Details

Pros

0.0 Pips Spreads From
< 30 Ms Execution Speed
12,000+ Trading Instruments
100% Segregated Client Funds

Cons

High inactivity fee
Limited educational materials

Website

tmgm.com

Address

Level 28, One International Tower 100 Barangaroo Avenue, 2000 Sydney NSW Australia

ActivTrades

Regulation

FCA, SCB, BACEN & CVM and CMVM

Established

2001

Headquarters

United Kingdom

Min Deposits

USD 0

Leverage

1:200

Platform

MT5, MT4, TradingView, ActivTrader

More Details

Pros

No Requotes
Ultra-Fast Execution
No Hidden Fees
Spreads from 0.5 pips

Cons

No US Traders
Wide spreads in crypto pairs
Inactivity fee

Website

activtrades.com

Address

The Loom 2.5, 14 Gower’s Walk, London, E1 8PY

IC Markets

★ 4.9 Rating

Regulation

CySEC, ASIC, FSA-Seychelles, SCB

Established

2007

Headquarters

Australia

Min Deposits

USD 100

Leverage

1:500

Platform

MT4, MT5, cTrader, TradingView

More Details

Pros

Spreads from 0.0 pips
Fast Order Execution
Superior Technology
Wide range of assets
Great platform choice

Cons

Limited market analysis
High minimum deposit

Website

icmarkets.com

Address

Eden Plaza, Office 222, Eden Island, Mahe, Seychelles

FxOpen

★ 3.8 Rating

Regulation

ASIC, FCA

Established

2005

Headquarters

Nevis

Min Deposits

USD 100

Leverage

1:1000

Platform

MT4, MT5, TradingView, TickTrader and Fix API

More Details

Pros

Ultra-fast execution
High Leverage
600+ Markets Offered
ECN Technology

Cons

US clients no accepted

Website

fxopen.com

Address

P.O. Box 590, Springates East, Government Road, Charlestown, Nevis

TOP BROKERS

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