CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail accounts lose money when trading CFDs. Consider whether you understand how these products work and whether you can afford the high risk of losing your money.
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MetaTrader 4

MetaTrader 4, released by MetaQuotes in 2005, is the platform most retail forex traders learn first. It is built around forex and CFD trading, runs automated strategies called Expert Advisors written in MQL4, and has the largest marketplace of third-party indicators and robots.

Who it suits

Traders who rely on existing MQL4 tools, or who want the widest choice of brokers. Its limits are age-related: fewer timeframes and order types than newer platforms, and a single-threaded strategy tester.

What to check with a broker

The platform is the same everywhere; pricing and execution are not. Compare the account type, the commission, the server location and whether the broker allows the trading style you use, such as scalping or automated trading.

Brokers that offer this platform

BrokerTrust ScoreYour entity & regulatorMin. depositPlatforms
CMC Markets Since 1989 · LSE: CMCX 91/99 FCA #173730 CMC Markets UK plc $0 Own platform, MetaTrader 4, TradingView Review Visit CMC MarketsOfficial site · we earn no commission here
City Index Since 1983 · NASDAQ: SNEX (parent) 89/99 FCA #446717 StoneX Financial Ltd — Own platform, MetaTrader 4, TradingView Review Visit City IndexOfficial site · we earn no commission here
Swissquote Since 1996 · SIX: SQN 89/99 FINMA Swissquote Bank Ltd $1,000 MetaTrader 4, MetaTrader 5, Own platform Review Visit SwissquoteOfficial site · we earn no commission here
FOREX.com Since 2001 · NASDAQ: SNEX (parent) 62/99 CIMA #25033 GAIN Global Markets Inc. $100 Own platform, MetaTrader 4, MetaTrader 5, TradingView Review Visit FOREX.comOfficial site · we earn no commission here
IG Since 1974 · LSE: IGG 60/99 BMA IG International Limited — Own platform, MetaTrader 4, TradingView Review Visit IGOfficial site · we earn no commission here
OANDA Since 1996 54/99 BVI FSC OANDA Global Markets Ltd $0 Own platform, MetaTrader 4, MetaTrader 5, TradingView Review Visit OANDAOfficial site · we earn no commission here
Pepperstone Since 2010 54/99 SCB #SIA-F217 Pepperstone Markets Limited $0 MetaTrader 4, MetaTrader 5, cTrader, TradingView Review Visit PepperstoneOfficial site · we earn no commission here
AvaTrade Since 2006 50/99 BVI FSC #SIBA/L/13/1049 Ava Trade Markets Ltd $100 MetaTrader 4, MetaTrader 5, Own platform Review Visit AvaTradeOfficial site · we earn no commission here
Admirals Since 2001 48/99 FSA Seychelles #SD073 Admirals SC Ltd $100 MetaTrader 4, MetaTrader 5 Review Visit AdmiralsOfficial site · we earn no commission here
ThinkMarkets Since 2010 48/99 FSA Seychelles #SD060 TF Global Markets Int Limited $0 MetaTrader 4, MetaTrader 5, TradingView, Own platform Review Visit ThinkMarketsOfficial site · we earn no commission here
Eightcap Since 2009 46/99 SCB #SIA-F220 Eightcap Global Ltd $100 MetaTrader 4, MetaTrader 5, TradingView Review Visit EightcapOfficial site · we earn no commission here
Vantage Since 2009 46/99 VFSC #700271 Vantage Global Limited $50 MetaTrader 4, MetaTrader 5, TradingView, Own platform Review Visit VantageOfficial site · we earn no commission here
Capital.com Since 2016 44/99 SCB #SIA-F245 Capital Com Online Investments Ltd $20 Own platform, MetaTrader 4, TradingView Review Visit Capital.comOfficial site · we earn no commission here
Exness Since 2008 42/99 FSA Seychelles #SD025 Exness (SC) Ltd $10 MetaTrader 4, MetaTrader 5, Own platform Review Visit ExnessOfficial site · we earn no commission here
HFM Since 2010 42/99 FSA Seychelles #SD015 HF Markets (Seychelles) Ltd $0 MetaTrader 4, MetaTrader 5, Own platform Review Visit HFMOfficial site · we earn no commission here
FxPro Since 2006 40/99 SCB #SIA-F184 FxPro Global Markets Ltd $100 MetaTrader 4, MetaTrader 5, cTrader, Own platform Review Visit FxProOfficial site · we earn no commission here
XM Since 2009 40/99 FSC Belize XM Global Limited $5 MetaTrader 4, MetaTrader 5 Review Visit XMOfficial site · we earn no commission here
FBS Since 2009 38/99 FSC Belize FBS Markets Inc. $5 MetaTrader 4, MetaTrader 5, Own platform Review Visit FBSOfficial site · we earn no commission here
FXTM Since 2011 38/99 FSC Mauritius #C113012295 Exinity Limited $200 MetaTrader 4, MetaTrader 5 Review Visit FXTMOfficial site · we earn no commission here
IC Markets Since 2007 38/99 FSA Seychelles #SD018 Raw Trading Ltd $200 MetaTrader 4, MetaTrader 5, cTrader, TradingView Review Visit IC MarketsOfficial site · we earn no commission here
Tickmill Since 2014 38/99 FSA Seychelles #SD008 Tickmill Ltd $100 MetaTrader 4, MetaTrader 5, TradingView Review Visit TickmillOfficial site · we earn no commission here
Axi Since 2007 36/99 SVG FSA #25417 BC 2019 AxiTrader Limited $0 MetaTrader 4, MetaTrader 5 Review Visit AxiOfficial site · we earn no commission here
FP Markets Since 2005 30/99 SVG FSA FP Markets LLC $100 MetaTrader 4, MetaTrader 5, cTrader, TradingView Review Visit FP MarketsOfficial site · we earn no commission here
BlackBull Markets Since 2014 28/99 FSA Seychelles #SD045 BBG Limited $0 MetaTrader 4, MetaTrader 5, cTrader, TradingView Review Visit BlackBull MarketsOfficial site · we earn no commission here
Octa Since 2011 16/99 Octa Markets Ltd $25 MetaTrader 4, MetaTrader 5, Own platform Review Visit OctaOfficial site · we earn no commission here

Trust Score and regulator are shown for the legal entity that serves your country. Change country at the top of the page.

CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail accounts lose money when trading CFDs. Consider whether you understand how these products work and whether you can afford the high risk of losing your money.