MT4 is the most widely used trading platform not just in the UK – but globally. This top-rated platform – which comes packed with advanced trading tools and features, sits between you and your chosen broker.
In this guide, we review the best MT4 brokers UK. We also walk you through the process of choosing a provider yourself and how to get started with a MetaTrader 4 brokerage account today!
Best MT4 Brokers UK List
The best MT4 brokers UK that we came across can be found below. For a comprehensive review of each MT4 brokerage site – scroll down to the relevant section.
- Libertex – Overall Best MT4 Broker UK for 2021
- Capital.com – Best MT4 Broker UK for Beginners
- Skilling – Best MT4 Broker UK for Low Fees and Small Minimums
- IG – Best MT4 Broker UK for Trading Forex
- Pepperstone – Best MT4 Broker for Raw Spread Accounts
- FXCM – Best MT4 Broker UK for Forex EAs and Automated Trading Robots
- CedarFX – Best MT4 Broker UK for Trading Cryptocurrencies
- Forex.com – Best MT4 Broker UK for Professional Traders
- ETX Capital – Best MT4 Broker UK for Spread Betting
- CMC Markets – Best MT4 Broker UK for Asset Diversity
Best MT4 Brokers Reviews
There are well over a thousand online brokers that now offer full support for MT4 – which is great. However, this does mean that you need to do some digging to see how each broker compares.
For example, what financial instruments can you trade via the MT4 broker, and what fees and commissions will you be charged? These – alongside a number of other key questions – are crucial in finding the best MT4 broker for you.
If you don’t have time to scour the internet for the best MT4 brokers UK for 2021 – below you will find a selection of top-rated providers.
1. Libertex – Overall Best MT4 Broker UK with ZERO Spreads
When searching for the best MT4 broker UK for your needs – one of the main priorities should be fees and commissions. After all, this is set by the brokerage firm and not MT4 itself. With this in mind, it is well worth considering Libertex. This day trading platform – which was first launched over 23 years ago, allows you to trade with ZERO spreads.
This is fundamental, as it means you will get the same bid and ask price irrespective of how much you decide to stake. Across heaps of financial instruments, many markets at Libertex can also be traded commission-free. If a commission on your chosen market is required – rarely does this amount to more than 0.1% per slide.
Once you have connected your Libertex account to MT4, you can start trading straight away. You can opt for the demo account to enjoy a risk-free practice session or meet a minimum deposit of £100 to trade with real money. Either way, you’ll have access to a number of popular asset classes at this top-rated MT4 broker. This includes dozens of forex pairs, stocks, ETFs, commodities, and more.
As Libertex specializes in CFD trading, this means that you can long or short on your chosen market. You can also apply leverage – in-line with FCA limits. In the funding department, there are several UK payment methods to choose from. This includes e-wallets, debit/credit cards, and bank transfers. From your second deposit onwards – you only need to meet a £10 minimum. Finally, Libertex can be accessed via MT4 through its website where you can download MT4 for Mac, downloadable software, or an iOS/Android trading app.
- Zero spread CFD trading
- Very competitive commissions – starting from 0% upwards
- Good educational resources
- Long established broker
- Compatible with MT4
- Great choice of markets
- Only offers CFDs
83% of retail investors lose money trading CFDs at this site.
2. Capital.com – Best MT4 Broker UK for Beginners
Capital.com is a UK-based CFD and forex trading platform that is ideal for beginners. The process of opening an account takes minutes and best of all – you’ll have access to a fully-fledged demo account facility. This means you can trade via MT4 without risking a penny.
When you are ready to upgrade with a real trading account – Capital.com only asks for a minimum deposit of £20. You will need to fund your account with an e-wallet or debit/credit card to benefit from this low deposit – as bank transfers require at least £250.
Nevertheless, Capital.com gives you access to an abundance of financial markets. It is particularly strong in the stock trading department, as the platform supports over 2,400 shares from a variety of markets. This includes hundreds of companies listed on there London Stock Exchange (LSE) and Alternative Investment Market (AIM).
Internationally, you can trade shares from the US, Europe, Asia, and more.Capital.com also supports forex, hard metals, energies, agricultural products, ETFs, and indices. Much like Libertex, this MT4 broker allows you to trade with leverage and all markets support short-selling. When it comes to fees – this is where Capital.com really stands out.
This is because the MT4 broker does not charge any trading commissions. Spreads are often industry-leading and all deposits and withdrawals are fee-free. You can use this trusted broker without needing to worry about safety – as is it regulated by the Financial Conduct Authorty (FCA).
Your capital is at risk.
3. Skilling – Best MT4 Broker UK for Low Fees and Small Minimums
Skilling is a good MT4 broker to consider if you want to trade with small amounts and at low fees. Regarding the latter, the platform doesn’t charge any trading commissions whatsoever. This is the case across all of its 800 supported markets.
Additionally, the minimum stake size if 0.01 lots when trading forex and 1 share when opting for stock CFDs. This minimum can be further reduced when you apply leverage to your positions. Although retail traders are capped to FCA limits, professional clients at Skilling are offered leverage of up to 1:500.
This is huge, as it means $1,000 stake at 1:500 would translate into a stake of $500,000. At Skilling, you can trade everything from commodities and currencies to stocks and indices. All markets are offered via CFD instruments – so long and short positions are always offered.
Although the MT4 broker was only launched in 2019 – Skilling has already attracted a strong customer base. It is authorized to operate in the UK via the FCA and regulated by CySEC and the FSA. Getting started at Skilling requires a small deposit of just £100. You can choose from a debit/credit card, e-wallet, or bank wire.
Your capital is at risk when trading CFDs with this provider.
4. IG – Best MT4 Broker UK for Trading Forex
IG is a trusted brokerage firm that has been offering investment services to UK traders since 1974. The provider offers a number of different asset classes – including traditional share and fund dealing, spread betting, and CFDs.
However, where this top-rated MT4 broker really stands out is in the forex department. This is because the platform gives you access to over 80 currency pairs of all shapes and sizes. While all major and minor pairs are covered, IG also provides an easy gateway to exotic currencies.
With all forex markets on the IG platform – you can trade via MT4 on a 24/7 basis. This is particularly useful for entering and exiting positions outside of standard hours. Leverage of up to 1:30 is offered to all UK traders on major forex markets and 1:20 on minors and exotics.
When it comes to trading fees, this top-rated MT4 broker is competitive. For example, all forex pairs can be traded on a commission-free basis – as fees are built into the spread. You can get the spread down to just 0.6 pips on EUR/USD and AUD/USD during standard trading hours.
USD/JPY starts at just 0.7 pips while EUR/GBP and GBP/USD has a headline rate of 0.9 pips. If you like the sound of this MT4 trading platform, you will need to meet a minimum deposit of £250. You can, however, start off with the IG demo account to ensure the broker is right for you. Supported payments at this FCA broker include debit cards and bank transfers.
- Buy stocks from just £3
- More than 80 currency pairs offered
- 17,000 markets supported including a spread betting facility
- Spreads start at just 0.6 pips and no commissions charged
- Trade on the IG website or via the app
- Regulated by the FCA and ASIC
- More than four decades in the brokerage space
- Easily fund your account with a debit card or bank transfer
- A minimum deposit of £250
- No e-wallet deposits
Your capital is at risk.
5. Pepperstone – Best MT4 Broker for Raw Spread Accounts
If you’re looking for the best MT4 broker UK for raw spread accounts – look no further than Pepperstone. Put simply, by opting for this account type – you will be able to trade a wide variety of markets without paying any spreads.
This is comparable to an ECN broker account – as you will be buying and selling financial instruments directly with your market peers. The raw spread account at Pepperstone comes with a very small commission of £2.29 – which is payable at both ends of the trade.
It goes without saying that the raw spread account is best suited for seasoned traders that are staking larger amounts. With that said, Peppertone also offers a standard account. This does come alongside spreads, but you won’t pay any trading commissions. Either way, this top-rated MT4 broker offers a huge number of tradable markets.
This covers forex, commodities, bonds, stocks, and indices – all via CFDs. Pepperstone also offers a spread betting facility for those of you that wish to trade on a tax-free basis. In terms of payments, Pepperstone supports debit cards, Paypal, and a bank wire. Finally, this MT4 broker is authorized and regulated by the FCA.
- Spread betting – no capital gains tax
- Compatible with numerous platforms
- 0% commission accounts
- Raw accounts for zero spreads
- FCA licensed
- Accepts PayPal
- No proprietary platform
- Doesn’t offer ETFs
Your capital is at risk.
6. FXCM – Best MT4 Broker UK for Forex EAs and Automated Trading Robots
As you likely know, if you’re planning to use a forex EA or automated trading robot – then MT4 is without a doubt the best automated trading platform for this purpose. This is because most robots are designed exclusively for MT4 – so all you need to do is install the software file.
With that said, not all MT4 brokerage sites are supportive of forex EAs and trading robots – so you do need to check this before signing up. Fortunately, FXCM is a proponent of automated trading systems – as it offers a dedicated Virtual Private Server (VPS) that you can connect to the MT4.
This is for the sole objective of having your trading robot buy and sell assets around the clock – as a VPS will ensure that your device isn’t overloaded. In fact, FXCM goes one step further by offering a number of automated trading strategies and apps that you connect to your MT4 robot.
What we also like is that FXCM offers an MT4 demo account facility. This is ideal, as you test out your EA or robot in a 100% risk-free manner. In terms of supported assets – FXCM covers forex and CFDs in the form of stocks, indices, and commodities. The broker is regulated by the FCA and has been active in the brokerage scene for more than two decades.
- Lots of currency pairs to trade
- Choose from several trading platforms – including MT4
- Supports EAs and forex robots
- 0% commission on all assets
- Tight spreads
- You can also trade stock, crypto, oil, and gold via CFDs
- Best suited for seasoned traders
There is no guarantee you will make money with this provider.
7. CedarFX – Best MT4 Broker UK for Trading Cryptocurrencies
If you are looking for a cryptocurrency trading platform – then you’ve got hundreds of exchanges and brokers to choose from. However, very few of these offer support for MT4. This is because as of January 2021 – the FCA has since banned crypto-derivatives – which includes CFDs.
This means that you can only buy digital currencies in the traditional sense. However, if you still have an appetite to trade cryptocurrencies with leverage – then CedarFX might be worth considering. This is because the MT4 broker does not have any relationship with fiat currency – so it does not fall within the remit of FCA regulations.
Instead, CedarFX only allows you to deposit and withdraw funds via cryptocurrency. There is an option to use a debit/credit card through a third-party payment provider – but this will instantly be converting into Bitcoin. Nevertheless, if you are happy to fund your account with a crypto-asset – then CedarFX will offer a whopping 1:100 on crypto markets.
This means that the equivalent of £100 would permit a maximum trade value of £10,000. You can get even higher leverage when trading other assets at this top-rated MT4 broker. For example, hard metals and forex come with a limit of 1:500, while indices and commodities will get you 1:200.
In terms of the specifics, CedarFX requires a minimum Bitcoin deposit that is the equivalent of $10. There are no deposit charges other than that of the blockchain mining fee. Finally, CedarFX is a 100% commission-free MT4 broker – so all trading fees are built into the spread.
- Trade cryptocurrencies with leverage of 1:100
- Forex and hard metals attract leverage of up to 1:500
- MT4 supported online and via desktop software
- 100% commission-free broker
- ECO Account allows you to indirectly plant a tree
- Tight spreads
- Not FCA regulated
- Only supports Bitcoin
There is no guarantee you will make money with this provider.
8. Forex.com – Best MT4 Broker UK for Professional Traders
Forex.com has been active in the online trading scene for two decades. Primarily, this MT4 broker is the go-to platform for serious forex traders. This is because the broker supports dozens of currency pairs at super-competitive fees.
With that said, Forex.com also offers a range of other asset classes via CFDs. This includes a selection of hard metals, stocks, energies, and indices. Although Forex.com offers accounts to UK retail clients, this MT4 broker is arguably better suited for professional traders that are staking large sums.
This is because Forex.com offers an attractive STP Pro account that comes with spreads of just 0.1 pips on most major currencies. The commission that you will pay to trade via this account is just $60 per $1 million traded. Forex.com is also suitable for professional traders because it benefits from significant volumes of liquidity.
This is because the STP broker is used by seasoned traders from all over the world. In particular, Forex.com is also fully-compatible with high-frequency traders and automated robots. Regarding the former, the platform offers VPS hosting for MT4. In terms of payments, Forex.com supports bank transfers and debit/credit cards.
- Specialist forex trading app
- Access to dozens of currency pairs
- Particularly strong when it comes to exotic currencies
- No minimum deposit when opting for a bank wire
- Also offers CFDs
- Heavily regulated – including US licenses
- Top-notch forex and economic new
- KYC process is a bit long-winded
There is no guarantee you will make money with this provider.
9. ETX Capital – Best MT4 Broker UK for Spread Betting
If you are looking for the best spread betting broker – then ETX Capital is well worth considering. The UK-based broker – which was launched over five decades ago, gives you access to over 5,000 spread betting markets.
This covers everything from indices and energies to shares and forex. You don’t need to be a seasoned pro to use ETX Capital, as it allows you to spread bet from just 10p per point. Fees on this top-rated MT4 broker are also very competitive.
Like most of the platforms discussed today – ETX Capital doesn’t charge any trading commissions. When it comes to spreads, major forex pairs start at 0.8 pips and indices from 0.05%. The minimum deposit at this top-rated MT4 broker is just £100 – which you can fund with a debit card or e-wallet.
- More than 5,000 spread betting markets
- 0% commission trades
- Minimum stake just 10p per point
- Spreads start from 0.6 points
- Minimum deposit just £100
- Founded back in 1965 and FCA-regulated
- Leverage offered
- Supports debit cards and e-wallets
- No traditional stocks and funds
- £10 withdraw fee if cashing out less than £100
Your capital is at risk.
10. CMC Markets – Best MT4 Broker UK for Asset Diversity
While many MT4 brokers in the UK offer just a few hundred instruments – CMC Markets gives you access to over 10,000. This ensures that you do not need to open up multiple brokerage accounts just to trade your desired asset class.
In the stock department, for example, you can trade more than 8,000 share CFDs. This largely centers on markets in the UK and US. We also like the customized ‘share baskets’ offered by the broker – which includes Big Tech, UK Banks, Gaming, Streaming, and more.
There are heaps of other asset classes available – including the likes of ETFs, US Treasuries, commodities, indices, and bonds. Much like ETX Capital, CMC Markets also offers a fully-fledged spread betting facility. When it comes to fees, there are no commissions at CMC Markets. Once again, this means that all fees are built into the spread.
In the forex department, spreads start at 0.7 pips. Both indices and commodities can be traded from 0.3 pips, while shares and ETFs start at 0.10%. All financial instruments at CMC Markets can be traded with leverage – with FCA limits in place for UK retail clients. Finally, CMC Markets is authorized and regulated by the FCA and there is no minimum deposit policy in place.
- More than 10,000 markets supported
- Trade CFDs and spread betting instruments
- 0% commission
- Spreads start from 0.7 pips
- No minimum deposit
- FCA regulated
- Not suitable for newbie traders
Your capital is at risk.
Best Meta Trader 4 Brokers Fees Comparison
Below you will find an overview of the main fees discussed in our MT4 broker reviews.
|UK MT4 Broker||Commission||Spreads From||Platform Fee|
|IG||0% apart from stock CFDs||0.6 pips||£24 per quarter if placing less than 3 trades|
|Pepperstone||0%||0 pips on Raw Account||None|
|FXCM||0%||0.01 pips (N.Gas)||None|
|ETX Capital||0%||0.8 pips||None|
|CMC Markets||0%||0.3 pips||None|
As we discuss shortly, there are other fees to look out for when reading MT4 broker reviews – such as those linked to overnight financing, deposits, withdrawals, and currency conversion.
What is MT4?
Launched in 2005 by MetaQuotes Software – MetaTrader 4, or simply MT4 – is a third-party trading platform. The platform forms an optional bridge between you and your chosen online broker. That is to say, rather than using the trading platform built by the brokerage site – you will be buying and selling assets through MT4.
If you’re wondering why traders prefer MT4 over proprietary browser-based platforms- – this is because it comes jam-packed with advanced tools and features.
- Support for forex EAs and automated trading robots
- Advanced order types that might not be offered by your broker
- Dozens of technical indicators
- Fully customizable trading screen with multiple charts
- Chart drawing tools
- Trade complex instruments with micro-second execution times
- Copy Trading features
Ultimately, if you are a newbie trader with little to no experience in this space – MT4 is not going to suitable for you. Fortunately, most of the MT4 brokers discussed on this page also offer their own in-house trading platform that you can access through our web browser. These are typically tailored towards less-experienced traders.
How to Choose the Best MT4 Broker UK for You
As we briefly noted earlier, there more than 1,000 online trading sites that offer support for MT4. As such, you won’t be short of options. However, MT4 is merely a third-party platform that forwards your buy and sell orders to your chosen broker.
This means that the platform has no say over fees and commissions, supported markets, payment methods, customer service, and any other key metric that needs to be considered when choosing a brokerage site.
To ensure you choose the best MT4 broker UK for your needs – be sure to explore the following factors.
It goes without saying that the best MT4 brokers in the UK are regulated by a top-tier financial body. In fact, the vast majority of platforms discussed today are authorized and regulated by the Financial Conduct Authority (FCA).
This ensures that your capital is kept safe at all times and that you are able to trade in a fair and transparent environment. Other notable regulators that our top-rated MT4 brokers are licensed by, include ASIC (Australia), CySEC (Cyprus), FSA (South Africa), and the RFED (US).
The only exception to this rule is if you decide to use an MT4 broker like CedarFX that offers leveraged cryptocurrency instruments. As the broker only touches digital currency payments – it operates without a license. With that said, you should still tread with caution as you won’t have anywhere to turn if things don’t quite go to plan.
MT4 is known for supporting a full range of financial markets. This covers forex and CFDs – with the latter expanding to stocks, indices, bonds, ETFs, commodities, and more.
However, just because MT4 supports it – this doesn’t mean that your preferred asset class is offered by the respective broker. As such, you need to check this before signing up.
All MT4 brokers charge fees as they are in the business of making money. If you read through our MT4 broker reviews – you will have noticed that fees can vary quite considerably. Not only in terms of how the charge is administered – but the competitiveness of the fee.
As such, below we break down the main fees that you will need to check in your search for the best MT4 broker UK.
The only MT4 broker that we have come across that does charge a spread is Libertex. The only exception to this is if you open up a specialist Raw Spread Account or STP Account. These are offered by the likes of Pepperstone and Forex.com are tailored towards experienced traders that wish to stake large volumes.
But, if you’re on a Standard Account that’s aimed at UK retail clients – you will pay a spread. This is the difference between the buy and sell price of the market you wish to trade. This will either be displayed in pips, points, or percentages. Either way, the best MT4 brokers in the UK offer super-tight spreads – even to retail clients.
As we covered in our MT4 broker reviews – the vast majority of platforms discussed on this page allow you to trade commission-free. There are, however, a number of exceptions to this rule.
- For example, IG allows you to trade commission-free on all CFDs apart from stocks.
- This starts at 0.10% per slide but will vary depending on the market.
- You then have Pepperstone and its Raw Spread Account.
- Although this permits ZERO spread trading – you will pay a small commission of £2.29 at each end of the position.
What you also need to check is whether or not a ‘minimum; commission is charged by your chosen MT4 broker. Sure, the actual commission rate might be super-low – but if a minimum is in place, then it might make the broker unviable for small stakes.
Irrespective of whether you are trading forex, CFDs, or spread betting instruments – all MT4 brokers in the UK charge overnight financing fees. This is because you will be trading leveraged financial products. As such, a fee will apply for each day that you keep the position open.
This fee will often increase over the weekend – which is why MT4 is a platform more suited for short-term speculators. The reason you don’t pay an overnight financing fee of traditional markets like shares or mutual funds is that you actually own the asset.
Other fees to look out for in your search for the best MT4 broker UK include:
- FX Conversion: If you are looking to trade non-UK markets – you might need to pay an FX fee.
- Platform Fee: Be sure to check whether or not you need to pay the MT4 broker is monthly, quarterly, or annual platform fee.
- Inactivity Fee: A lot of MT4 brokers will charge you an inactivity fee if your account remains dormant for a certain period.
- Transaction Fee: Some platforms will charge you a fee when you deposit and/or withdraw funds.
You can scroll up to our comparison table for a deeper overview of which MT4 brokers offer the best fees.
Before choosing an MT4 broker, it’s important to explore the payments department. First, check what the minimum deposit is as this can vary quite considerably. For example, some platforms have no minimum at all while others require in excess of £500. Next, ascertain what payment methods are supported.
The likes of Libertex and many other MT4 brokers that we reviewed allow you to choose from a debit/credit card or e-wallet. These are not only convenient but instantly processed.
Some brokers only support bank transfers – which means you might need to wait a few working days before the funds are available. Finally, it’s also wise to see if the MT4 broker publishes an averaged withdrawal timescale. The best platforms in this space will process your withdrawal request within 24-48 hours.
You also need to have a firm idea of how competent the customer service department is at your chosen MT4 broker. After all, MT4 itself can not help you with any queries linked to your brokerage accounts – such as those involving verification, deposits, or withdrawals.
The best platforms that we came across in our MT4 broker reviews offer a 24/7 Live Chat facility. Some platforms also offer a telephone support line while others only respond to email inquiries.
How to Get Started with an MT4 Broker
Ready to start trading with the best MT4 broker UK right now? If so, the guidelines below take you through the process of opening an account with ZERO spread broker Libertex, installing MT4, and placing your first trade!
Step 1: Open an Account
Before you can start trading on MT4, you will first need to open an account with your chosen broker. At Libertex – the process takes minutes.
Your capital is at risk.
All you need to do is head over to the homepage, click on the ‘Register button, and follow the on-screen instructions. The process here is the same as any other MT4 broker, insofar that you will need to supply your personal information and contact details.
Step 2: Upload ID
Before you can withdraw funds at Libertex the MT4 broker needs to verify your identity. As such, it’s worth quickly uploading the document now. You can choose from a passport or driver’s license.
Step 3: Deposit Funds
You can now make a deposit into your Libertex account. The minimum is just £100 and the broker supports debit/credit cards, e-wallets, and a bank transfer.
Step 4: Download MT4 (If Applicable)
If you want to use MT4 on your desktop device via software – you can proceed to download it directly through the Libertex website.
Alternatively, you can also trade on MT4 at Libertex through your web-browser – meaning that you don’t need to download or install any software. You won’t, however, be able to install a forex EA or automated trading robot unless you use the desktop software version.
Step 5: Log in to MT4
Irrespective of whether you decide to trade via your web browser or through desktop software – you will now need to log in to MT4. Take note – the login credentials are those that you created when you signed up for Libertex and are not in any way unique to MT4.
Once you are logged in, you should see your Libertex username and the account balance related to the deposit you made in Step 3.
Your capital is at risk.
Step 6: Search for Asset and Place Order
Finally, now that you are logged into MT4 with an active account balance – you can start trading! The easiest way to find your chosen asset is to search for it. Once you have found a market that interests you, set up an order.
This works in much the same way as any other trading platform, as you need to choose from a buy/sell order to illustrate which way you think the asset price will go. Additionally, you might also consider a limit, stop-loss, and take-profit order, to ensure you enter your position in a risk-averse manner.
Finally, confirm your order on MT4. The trade will then be reflected in your Libertex account.
Best MT4 Brokers UK – Conclusion
In summary, there are heaps of online brokers that offer support for third-party platforms like MT4, MT5, and cTrader. As such, finding a broker in this respect is easy. However, no-two MT4 brokers are the same – especially when it comes to commissions, tradable markets, account types, payments, and customer support.
After reviewing the best MT4 brokers available in the UK right now – we found that Libertex stands out from the crowd. Not only can you trade hundreds of markets at ZERO spreads, but many CFD instruments can be bought and sold commission-free. We also like Libertex because it offers top-notch customer support and getting started requires a small minimum of just £100!
Libertex – Best MT4 Broker UK with 0% Commission
Your capital is at risk.
83% of retail investor accounts lose money when trading CFDs with this provider.
Which MT4 broker is the best UK?
This guide has reviewed 10 of the best MT4 brokers available to UK traders. However, we found that Libertex is the overall best option - based on tradable markets, low fees, zero spreads, and supported payments.
What are the best Meta Trader 4 brokers for leverage?
If you are based in the UK, then it doesn't matter which MT4 broker you use - you will be capped by the leverage limits imposed by the FCA. This means a maximum of 1:30 on major forex pairs and less on other financial instruments. All of the best Meta Trader 4 brokers that we have discussed on this page offer leverage.
Is MetaTrader 4 or 5 better?
Both MT4 and MT5 are highly rated by seasoned traders - so it depends on your preference. With that said, if you are looking to trade forex - MT4 is often preferred by experienced currency speculators. This is also the case if you wish to install a forex EA or automated trading robot - as most are only compatible with MT4. .
Can I use MT4 without a broker?
No, you can't use MT4 without a broker. The good news is that you can use MT4 through a brokerage demo account. For example, it takes just two minutes to register with Libertex and you don't need to make a deposit. Then, it's just a case of logging into MT4 with your newly created Libertex account details!
Does MetaTrader 4 use real money?
Yes, MT4 sits between you and your chosen broker - so it will trade with real money. This is, of course, unless you decide to trade via a demo account.
Which forex brokers support MT4?
The best forex brokers that support MT4 include Libertex, Capital.com, IG, Forex.com, Pepperstone, City Index
How do you use an EA on MT4?
To use a forex EA on MT4, you first need to download the software file from your chosen provider. Then, it's just a case of installing the file into MT4 and activating the EA. From then on, the EA will trade forex on your behalf until you switch it off.