Best MT4 Brokers
We've reviewed the best MT4 brokers in India, and highlighted those that accept all Expert Advisors and trading styles. Visit their website to download MetaTrader 4 and get started.
By Stefan on 29/09/2023
Best brokers
- FP Markets Best Trade Execution - APAC...
- OctaFX Best Global Broker Asia, 2022
- NordFX Best Crypto Trading Platform...
- JustMarkets Best Broker Asia 2022 - UF...
- LiteFinance Best ECN Broker Africa 2020
Broker reviews
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.
$100 | 1:500 | Market |
$100 | 1:500 | Market |
Trade without restrictions with OctaFX (OctaFX.com), an international broker headquartered in St. Vincent & The Grenadines. OctaFX supports all trading styles and EAs.
$100 | 1:500 | Market |
NordFX (NordFX.com) is a fully offshore Forex broker serving traders worldwide since 2008. Trade with flexible leverage up to 1:1000 on MetaTrader 4.
- Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)* Availability subject to regulation.
- Platforms: MT4, Copy trading
- Regulators: Vanuatu
$100 | 1:1000 | Market |
$10 | 1:1000 | Instant |
$500 | 1:1000 | Market |
JustMarkets (formerly JustForex) is an offshore broker that allows you to trade over 170 instruments on low spreads, and high leverage up to 500 times your initial deposit. It accepts all trading styles on MetaTrader 4 and 5.
- Risk warning: Margin trading in the financial markets is speculative and implies a high level of risk, including full loss of deposit.
- Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)* Availability subject to regulation.
- Platforms: MT4, MT5, Copy trading
- Regulators: Cyprus (EU) , Seychelles
$1 | 1:500 | Market |
$100 | 1:500 | Market |
$100 | 1:500 | Market |
$1 | 1:500 | Market |
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), Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)* Availability subject to regulation.
- Platforms: MT4, MT5, Copy trading, Mirror trading
- Regulators: Cyprus (EU) , Saint Vincent and the Grenadines
$50 | 1:1000 | Market |
$50 | 1:1000 | Market |
FxPro (FxPro.com) is a global broker, winner of 95+ awards including "Best FX Service Provider" in 2023. Trade 250+ instruments across a wide range of asset classes on MT4/5 or cTrader. FxPro accepts all trading styles without restrictions.
- Risk warning: 79.28% 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: MT4, MT5, cTrader, Copy trading
- Regulators: Bahamas, Cyprus (EU) , South Africa, UK
$100 | 1:200 | Market |
$1000 | 1:200 | Market |
$1000 | 1:200 | Market |
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)*, Indices (CFD), Metals (CFD), Energy (CFD)* Availability subject to regulation.
- Platforms: MT4, MT5
- Regulators: Cook Islands
$50 | 1:500 | Market |
Exness is a global offshore broker trusted by over 500,000 active clients. Trade Forex, crypto, commodities, stocks and indices on MetaTrader 4 or 5 with unlimited leverage.
- Risk warning: CFDs are leveraged products. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can both increase and decrease and the investors may lose all their invested capital.
- Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)* Availability subject to regulation.
- Platforms: MT4, MT5
- Regulators: BVI, Curaçao, Cyprus (EU) , Kenya, Mauritius, Seychelles, South Africa, UK
$100 | 1:500 | Market |
$3000 | 1:500 | Market |
$3000 | 1:500 | Market |
$3000 | 1:500 | Instant |
HYCM (HYCM.com), formerly HY Markets, is an award-winning regulated online broker. Trade over 300 instruments on fixed or variable spreads over MetaTrader 4 or 5.
- Risk warning: 85% 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: MT4, MT5
- Regulators: Cayman Islands, Cyprus (EU) , Saint Vincent and the Grenadines, UAE , UK
$100 | 1:500 | Instant |
$100 | 1:500 | Instant |
$200 | 1:500 | Instant |
HFM (HFM.com), formerly known as Hot Forex, 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: MT4, MT5, Currenex, Copy trading, Mirror trading
- Regulators: Cyprus (EU) , Kenya, Saint Vincent and the Grenadines, Seychelles, South Africa, UAE
$5 | 1:1000 | Market |
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At Your Service
Compare trading accounts and find the best one for you, based on your preferences.
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 from the charts. Here are 5 things to look for if you're looking for the best MT4 broker:
1. Range of 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. FXCC allows you to trade CFDs on 70 currency pairs, across majors and minors such as the Turkish Lira, the Russian Ruble or the Chinese Yuan. 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. Download third-party robots or indicators from the MetaTrader 4 Market(1), or create your own if you have an interest in programming. Unfortunately, some MT4 brokers like AvaTrade place restrictions on your ability to use certain Expert Advisors. Others, like FxPro and FXCC allow all trading styles and place no restrictions on your use of Expert Advisors. If in doubt, ask your preferred broker about his support for Expert Advisors.
3. Execution
Trade execution matters when you're looking to open or close orders in fast-moving markets, especially around major news announcements or economic data releases. If you're new to trading, it's important that you familiarise yourself with the following concepts:
- 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 suddenly. 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 a common occurrence 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, you can open an MT4 account with either instant or market execution - the choice is yours. In contrast, FXCC offers market execution with very low latency, over an electronic communication network.
To help you find the right account, we've clearly shown the execution type of each of the MT4 accounts featured on this page. However, if you'd like to find out more, why not take a look at our reviews 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. Investor protections
Finally, be mindful of the regulations your chosen broker abides by. 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 investor protections and no access to a compensation fund.
If you're unsure about who to trade with, why not open a free account with 2 or 3 MT4 brokers listed on this page. This will allow you to try their service and assess their platform in a live trading environment. FxPro was crowned Best in Class MetaTrader Broker in the 2020 ForexBrokers awards(2), and FXCC was named Best MT4 Broker in the 2018 JFEX Awards(3).
- 1. MetaQuotes. Buy a robot or an indicator. https://www.metatrader4.com/en/market/robots-indicators
- 2. FxPro. FxPro Awards. https://www.fxpro.com/awards?ib=4859058
- 3. FXCC. FXCC Awards. https://www.fxcc.com/awards?plid=ac9ca596-934d-4f27-a7e8-09f4e167b116
Featured Brokers
Best Conditions
Raw Account
Trade over 60 pairs of currencies as well as CFDs on crypto-currencies, shares, indices and ... More
Best Platform
Standard Account
Trade CFDs on Forex, crypto-currencies, stocks, indices, metals and energies with dynamic leverage ... More
- $100 deposit
- 1:500 leverage
- 0.3 pips EUR/USD
- Regulators: BVI, Curaçao, Cyprus (EU) , Kenya, Mauritius, Seychelles, South Africa, UK