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Best MetaTrader 4 Brokers

We've reviewed the best MT4 brokers in Australia, and highlighted those that accept all Expert Advisors and trading styles. Visit their website to download MetaTrader 4 and get started.

Best brokers

  1. FxProAward Best MetaTrader Broker 2020
  2. FP MarketsAward Best FX Broker Australia 2021
  3. AvaTradeAward Best Mobile Trading Platform 2021
  4. LiteFinanceAward Best ECN Broker, Africa 2020
  5. HF MarketsAward Best CFD Trading Conditions, 2021

Broker reviews

#1
FxPro
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FxPro (FxPro.com) is a global broker, winner of 95+ awards including "Best MetaTrader Broker" in 2020. Trade 250+ instruments across a wide range of asset classes on MT4/5 or cTrader. FxPro accepts all trading styles without restrictions.

  • Risk warning: 84.69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Spread Betting work and whether you can afford to take the high risk of losing your money.
  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5, cTrader, Copy trading
  • Regulators: Bahamas, Cyprus (EU), South Africa, UK

$500
deposit

1:200
leverage

Instant
execution

$500
deposit

1:200
leverage

Market
execution

$50000
deposit

1:200
leverage

Market
execution

#2
FP Markets
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FP Markets is a true ECN broker with razor-thin spreads and deep liquidity. Trade CFDs on over 1,000 stocks, indices, commodities and currency pairs through MetaTrader 4 or 5. FP Markets supports all trading styles and EAs.

  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD), Bonds (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5, Copy trading
  • Regulated entity (Australia): First Prudential Markets Pty Ltd (ASIC No. 286354)

$100
deposit

1:500
leverage

Market
execution

$100
deposit

1:500
leverage

Market
execution

#3
AvaTrade
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AvaTrade (AvaTrade.com) is an award-winning online broker. Trade CFDs on Forex, crypto-currencies, shares, metals and more on MetaTrader 4 or 5. AvaTrade accepts all Expert Advisors except those with a focus on arbitrage.

  • Risk warning: 77.82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD), Bonds (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5, Copy trading
  • Regulated entity (Australia): Ava Capital Markets Australia Pty Ltd (No. 406684)

$100
deposit

1:400
leverage

Instant
execution

$100
deposit

1:30
leverage

Instant
execution

$100
deposit

1:400
leverage

Instant
execution

$100
deposit

1:30
leverage

Instant
execution

$100
deposit

1:400
leverage

Instant
execution

#4
LiteFinance
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LiteFinance (LiteFinance.com), formerly LiteForex, is a global ECN broker. Trade CFDs on a wide range of markets on Metatrader 4 or 5, with flexible leverage up to 1:1,000. LiteFinance accepts all EAs and trading styles, including scalping and news trading.

  • Risk warning: 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5, Copy trading, Mirror trading
  • Regulators: Cyprus (EU), Saint Vincent and the Grenadines

$50
deposit

1:1000
leverage

Market
execution

$50
deposit

1:500
leverage

Market
execution

#5
HF Markets
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HotForex (HFM.com) is an award-winning Forex and CFD broker, with accounts tailored to new and experienced traders. Trade a wide range of markets including Forex, stocks, indices and commodities through MetaTrader 4 or 5.

  • Markets: Forex (CFD), Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD), Bonds (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5, Currenex, Copy trading, Mirror trading
  • Regulators: Cyprus (EU), Mauritius, Saint Vincent and the Grenadines, Seychelles, South Africa, UAE

$5
deposit

1:1000
leverage

Market
execution

$100
deposit

1:500
leverage

Market
execution

$100
deposit

1:500
leverage

Market
execution

#6
Pepperstone
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Pepperstone (Pepperstone.com) is an award-winning broker regulated in 7 jurisdictions. Trade over 1,200 instruments on MetaTrader 4, 5 or cTrader. Pepperstone allows all trading styles, with no restrictions, and rewards large traders with volume-based discounts.

  • Risk warning: Between 74% and 89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5, cTrader, Copy trading, Mirror trading
  • Regulated entity (Australia): Pepperstone Group Limited

$200
deposit

1:30
leverage

Market
execution

$200
deposit

1:30
leverage

Market
execution

$200
deposit

1:30
leverage

Market
execution

$200
deposit

1:30
leverage

Market
execution

#7
OctaFX
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Trade without restrictions with OctaFX (OctaFX.com), an international broker headquartered in St. Vincent & The Grenadines. Access CFDs on currency pairs, indices, precious metals and commodities on MetaTrader 4, MetaTrader 5 or cTrader.

  • Markets: Forex (CFD), Cryptos (CFD)*, Indices (CFD), Metals (CFD), Energy (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5, Copy trading
  • Regulators: Cyprus (EU), Saint Vincent and the Grenadines

$100
deposit

1:500
leverage

Market
execution

#8
4XC
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4xc.com is an offshore broker founded by Forex industry veterans. Trade Forex, metals, oil and stocks with leverage up to 1:500. 4XC accepts all trading styles and Expert Advisors on MT4 and 5.

  • Risk warning: Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of your deposits. You should carefully consider your financial situation and experience level before trading.
  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5
  • Regulators: Cook Islands

$10 (MT4), $ 100 (MT5)
deposit

1:500
leverage

Market
execution

$100
deposit

1:500
leverage

Market
execution

$25000
deposit

1:500
leverage

Market
execution

#9
NordFX
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NordFX (NordFX.com) is an international Forex broker serving traders worldwide from its headquarters in Mauritius.

  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, Copy trading
  • Regulators: Vanuatu

$10
deposit

1:1000
leverage

Instant
execution

$250
deposit

1:1000
leverage

Market
execution

$500
deposit

1:1000
leverage

Market
execution

$
deposit

1:5
leverage

Market
execution

#10
EagleFX
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Trade Forex as well as CFDs on cryptocurrencies, stocks, indices and commodities with an STP/ECN broker. EagleFX (EagleFX.com) allows all trading styles and Expert Advisors on MetaTrader 4.

  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4
  • Regulators: Dominica

$10
deposit

1:500
leverage

Instant
execution

MetaTrader is one of the most popular trading platforms in the world, with millions of traders using the platform to get real-time prices and trade directly from the charts. If you’re looking for the best MT4 broker, we’ve highlighted below 5 criteria to look for.

1. Markets

MetaTrader 4 allows you to trade a wide range of markets from a single platform, but this isn't to say that all MT4 brokers are alike. If you’re primarily interested in Forex, you’ll want to open an account with a broker that supports the largest possible number of currency pairs. FxPro.com allows you to trade CFDs on 70 currency pairs, across majors and minors such as the Turkish Lira, the Russian Ruble or the Chinese Renminbi. If you’d like to find out more, read our broker reviews for side-by-side broker comparisons.

2. Expert Advisors

MetaTrader 4 owes part of its success to Expert Advisors (EAs), trading bots that can monitor the market and even trade on your behalf when certain conditions are met. You can create your own EAs using MQL, the platform's programming language, or download third-party EAs from MetaTrader 4's website. MT4 brokers like FxPro.com and FPMarkets.com allow all trading styles and place no restrictions on your use of Expert Advisors. However, this isn't the case with all brokers. For example, AvaTrade prohibits the use of arbitrage EAs.

3. Execution

Trade execution matters when you’re looking to open or close orders in fast-moving markets, especially during major news announcements or economic data releases. Your broker may provide either market execution, or instant execution.

  • Instant execution: the price you see if the price you'll pay (as long as that market price is still valid). When markets are volatile, that price may change. When this happens, your broker will quote a new price, that you can either accept or decline. This is known as a re-quote.
  • Market execution: the price you'll pay is the market price at the time your order is executed. When markets are volatile, that price may differ from the one you expected to pay when you placed your order. This is known as slippage, and is common in Forex trading.

New traders tend to prefer instant execution, because it provides greater certainty of pricing. Experienced traders tend to prefer market execution, because it provides greater certainty of execution. With FxPro.com, you can open an MT4 account with either instant or market execution - the choice is yours. In contrast, FPMarkets.com offers market execution with very low latency, from its New York data centres.

To help you find the right account, we've clearly shown the execution type of each of the MT4 account featured on this page. However, if you'd like to find out more, why not take a look at our lists of brokers with instant execution and market execution.

4. Customer Support

Customer service can make all the difference between an outstanding and a disappointing trading experience. However, it can be one of the hardest things to assess from the outset. When comparing MetaTrader 4 brokers, look for one that provides a wide range of contact methods in your language. We’d also encourage you to contact customer support directly before opening an account. This will allow you to assess how responsive and helpful a broker genuinely is.

5. Regulation

Finally, be mindful of the regulations your next broker will be subject to. Brokers regulated in the UK and EU are required to place your funds in 'segregated accounts', separate from their own. You'll also be able to access either a British or a European investor compensation fund should your broker go bust. In contrast, offshore brokers offer higher leverage, but tend to offer fewer institutional protections.

If you’re unsure about who to trade with, why not open a free account with 2 to 3 MT4 brokers listed on this page. This will allow you to try their service and assess their fees and MT4 platform in a live trading environment.