Best MT4 Brokers
We've reviewed the best MT4 brokers in Canada, and highlighted those that accept all Expert Advisors and trading styles. Visit their website to download MetaTrader 4 and get started.
Brokers we recommend
- Min. deposit: $100
- Platforms: MT4, MT5, TradingView, cTrader, Copy trading
- Regulators: Australia, Cyprus (EU), Kenya, South Africa, St. Vincent & the Grenadines
Trade over 1,000 instruments on flexible leverage up to 1:500 with FPMarkets.com, an ECN broker with a 20-year track record. FP Markets accepts all trading styles on MT4/5, TradingView and cTrader.
- Min. deposit: $50
- Platforms: MT4, MT5, Copy trading
- Regulators: Cook Islands
4xc.com is an offshore broker founded in 2018 by traders. Trade Forex, metals, oil and stocks with leverage up to 1:500. It accepts all trading styles and Expert Advisors on MT4/5.
- Min. deposit: $100
- Platforms: MT4, MT5, Copy trading
- Regulators: Australia, BVI, Cyprus (EU), Ireland, Israel, Japan, South Africa, UAE
AvaTrade.com is an award-winning online broker in business since 2006. Trade CFDs on all asset classes, from Forex to ETFs and bonds. Its service appeals to novice and experienced traders alike.
- Min. deposit: $0
- Platforms: MT4
- Regulators: Cyprus (EU), Union of Comoros
FXCC.com is a regulated offshore broker with low spreads and high leverage, up to 1:500. It supports all trading styles on the MetaTrader 4 platform.
- Min. deposit: $50
- Platforms: MT4, MT5, cTrader, Copy trading
- Regulators: Cyprus (EU), St. Vincent & the Grenadines
Trade CFDs on a wide range of markets on MetaTrader 4 and 5, with leverage up to 1:1,000 through LiteFinance.com. This broker accepts all EAs and trading styles, including scalping and news trading. Earn up to 2.5% interest on your account's balance.
Comparison table
We rate brokers across 5 categories and 18 criteria, following a standardised methodology. Here are our overall and category-specific ratings:
| FP Markets | 4XC | AvaTrade | FXCC | LiteFinance | |
|---|---|---|---|---|---|
| Overall | 4.8 | 4.1 | 4.7 | 4.0 | 3.9 |
| Markets | 5.0 | 3.8 | 5.0 | 4.0 | 4.0 |
| Trading environment | 4.9 | 4.4 | 4.2 | 4.2 | 4.4 |
| Deposits and withdrawals | 5.0 | 4.5 | 4.7 | 4.4 | 4.2 |
| Investor protection | 4.0 | 3.0 | 4.8 | 3.8 | 2.0 |
| Customer service | 5.0 | 4.7 | 5.0 | 3.8 | 4.7 |
| FP Markets | 4XC | AvaTrade | FXCC | LiteFinance | |
|---|---|---|---|---|---|
| Forex (CFD) | |||||
| Cryptos (CFD)* | |||||
| Stocks (CFD) | |||||
| Indices (CFD) | |||||
| Metals (CFD) | |||||
| Energy (CFD) | |||||
| Commodities (CFD) | |||||
| ETFs (CFD) | |||||
| Bonds (CFD) |
* Availability is subject to local laws and regulations.
| FP Markets | 4XC | AvaTrade | FXCC | LiteFinance | |
|---|---|---|---|---|---|
| MT4 | |||||
| MT5 | |||||
| cTrader | |||||
| Copy trading | |||||
| TradingView |
| FP Markets | 4XC | AvaTrade | FXCC | LiteFinance | |
|---|---|---|---|---|---|
| Bank transfer | |||||
| Credit card | |||||
| Debit card | |||||
| BTC (Bitcoin) | |||||
| NETELLER * | |||||
| Skrill * | |||||
| USDT (Tether) | |||||
| Broker to broker transfer |
* Availability is subject to local laws and regulations.
| FP Markets | 4XC | AvaTrade | FXCC | LiteFinance | |
|---|---|---|---|---|---|
| Australia | |||||
| BVI | |||||
| Cook Islands | |||||
| Cyprus (EU) | |||||
| Ireland | |||||
| Israel | |||||
| Japan | |||||
| Kenya | |||||
| South Africa | |||||
| St. Vincent & the Grenadines | |||||
| UAE | |||||
| Union of Comoros |
What's the best MT4 broker for you?
MetaTrader 4 (MT4) is a popular platform among traders for its user-friendly interface, advanced charting tools, and automated trading capabilities. This article discusses the pros and cons of 3 leading brokers across two dimensions: your experience and investment preferences.
Based on your experience
Beginners: FXCC.com's MetaTrader 4 platform illustrated on this page is the most user-friendly platform of all featured in this article. Its interface is noticeably less cluttered and easier to navigate than others. However, it provides little to no educational resources. Those interested in learning how to trade will need to look elsewhere for content.
Advanced traders: FPMarkets.com, FXCC.com and AvaTrade.com will appeal to experienced traders through their support for one-click trading, advanced charting tools, and automated trading capabilities. However, some traders may prefer to trade through the first two brokers, as they forward client orders onto liquidity providers, whereas the other acts as a 'market-maker'.
Swing traders and day traders: FPMarkets.com and FXCC.com are excellent alternatives for swing traders and day traders. Unlike AvaTrade.com, they both provide an ECN trading environment, with raw spreads and super-fast execution speeds. Importantly, they accept all trading styles, with no restrictions on MetaTrader's Expert Advisors. Swap-free accounts, also known as Islamic accounts, are available upon request.
Based on your investment preferences
Forex trading: for Forex traders, FPMarkets.com offers over 70 currency pairs on tight spreads. This makes it an attractive option for those looking to trade major, minor, and exotic currency pairs.
Maximum leverage: both FPMarkets.com and FXCC.com offer flexible leverage up to 1:500, an attractive proposition for traders with an appetite for risk. These brokers are able to offer higher leverage than most because they're established in offshore jurisdictions, where limits on leverage don't apply. As leverage is a double-edged sword, it's important to use it with caution.
Tradeable instruments: FPMarkets.com and AvaTrade.com also offer a broad range of instruments spanning Forex, stocks, commodities, cryptocurrencies, and even government bonds. However, if you want to access the largest possible number of instruments from a single platform, we would encourage you to open an account with an MT5 broker instead, as the MT5 platform supports more instruments than MT4.
Conclusion
The best MT4 broker for you depends on your level of experience and your specific trading interests. Whether you're a beginner or an advanced trader, and whether your interest lies in Forex, stocks, or commodities, FPMarkets.com, FXCC.com and AvaTrade.com offer unique features and resources to suit your needs. When making your choice, it's important to consider factors such as educational resources, platform interface, leverage options, and the range of tradable instruments.
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About the author
I'm Stefan, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers mentioned in this article. I started my career in investment banking in London as an FCA-approved person.