Best Brokers for MetaTrader 4
If you want to make money on the Forex trading in the most comfortable and secure conditions, MetaTrader 4 is exactly what you need. The platform is perfect for foreign exchange trading, financial market sector analysis, and the usage of trading advisors.
MetaTrader 4 is appropriate for advanced traders as well as newcomers inasmuch as it offers a wide range of features for any skill level including:
- Enhanced technical analysis
- Flexible trading system
- Algorithmic trading
- Mobile applications (Android, iOS, and Huawei)
The choice of the best broker for MetaTrader 4 will ensure the comfort of the trading process, funds protection, and access to new market opportunities. Below we’ve compiled a short and quick synopsis of the top five brokerage companies for trading on MetaTrader 4.
Top 5 Brokerage Companies for Trading on MetaTrader 4
- RoboForex
- IC Markets
- Admiral Markets
- Pepperstone
- Vantage
RoboForex
Basic information:
- Minimum initial investment – $10
- Leverage – 1:2000
Benefits of RoboForex:
- Different types of accounts (Demo, Islamic)
- Copy trading
- 8 asset classes
Downsides of RoboForex:
- No cryptocurrency instrument when trading on the R Trader platform
IC Markets
Basic information:
- Min initial investment – $200
- Leverage – 1:500
Benefits of IC Markets:
- Automated strategies for Copy trading
- Competitive Pricing
- Low Forex fees
Downsides of IC Markets:
- Limited products choice
- Slow clients support service
Admiral Markets
Basic information:
- Minimum initial investment – $100
- Leverage – 1:500
Benefits of Admiral Markets:
- Great pricing offers on the pairs with currencies EUR and USD
- Excellent educational materials
- Wide range of trading symbols – 8.425 options
Downsides of Admiral Markets:
- Limited choice of trading symbols for the Prime accounts on MT5
- Lack of implementation of new technologies
Pepperstone
Basic information:
- Minimum initial investment – $200
- Leverage – 1:500/1:30
Benefits of Pepperstone:
- Great variety of third-party platforms for Copy trading
- Competitive pricing policy for users who actively use Razor accounts
Downsides of Pepperstone:
- No educational tutorials and interactive courses
Vantage
Basic information:
- Minimum initial investment – $200
- Leverage – 1:500
Benefits of Vantage:
- Access to a multiplicity of Copy trading platforms
- Provision of add-ons for MT4 like Smart Trader
Downsides of Vantage:
- A limited selection of tradeable symbols – only 257 positions
Final Considerations
Consider that to make the right choice of the brokerage company for MetaTrader 4 trading it is necessary to first determine your trading requirements and preferences and look for a broker that most closely meets those needs.
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