In this article we will talk about 5 top MetaTrader 4 brokers in 2024.
Broker | Review | Min Deposit | Spreads | Regulations | Account |
1. Fusion Markets  | $0 | From 0.0 pips | ASIC, VFSC | ||
2. FBS Broker  | $5 | From 0.7 pips | CySEC, IFSC and ASIC | ||
3. BlackBull  | $0 | From 0.0 pips | FMA, FSA | ||
4. AvaTrade  | $100 | From 0.6 pips | ASIC, FSCA, FSA, ADGM, FRSA, ISA, CySEC, CBI | ||
5. CMC  | $0 | From 0.7 pips | FCA, ASIC, DFSA, CySEC, CMA, SCB, BaFin |
What is a MetaTrader 4 Broker?
A MetaTrader 4 broker is a broker that specifically offers the MT4 trading platform for their clients to trade on. There are several brokers that offer the MetaTrader 4 trading platform but not all of them are great. When choosing a good MetaTrader 4 broker, we need to consider other factors as well.
These factors are, regulations, minimum deposit, trade execution speeds, leverage and fees. After considering these factors below are 5 Top Brokers that offer the MT4 trading platform. Each of the following brokers are good with specific advantages over the other.
1. Fusion Markets
Fusion Markets is one of the best brokers for MetaTrader 4 trading. The Fusion markets broker is regulated by the Australian Securities and Invesment Commission (ASIC) which is top tier regulator. The Fusion markets broker was founded in Melbourne, Australia in 2017.
The Fusion Markets broker is a great broker that offers one of the lowest spreads in the industry.
The Fusion Markets broker provides traders with 4 main account types. These are Zero Account, Classic Account, Demo account and Fusion Pro account. For the zero account, the spreads start from 0.0 pips and the commission charged is $2.25 commission per side. For the classic account, the spreads start from 0.9 pips and no commission is charged.
The Fusion Markets broker offers traders with 24/7 customer support. You can contact the Fusion Markets broker through phone, email and live chat.
The Fusion markets broker provides a leverage of up to 1:500 depending on the country you register from. To start trading with the Fusion Markets broker you do not require a minimum deposit. If you are interested, click the button down below.
2. FBS Broker
The FBS broker is highly regulated broker that is regulated by several financial authorities, including the top tier Australian Securities and Invesment Commission (ASIC). The FBS brokers was founded in 2009 in Belize.
The FBS broker is great for high leverage trading. This broker offers a leverage of up to 1:3000 depending on the country that you are trading from.
The FBS broker offers traders with only one main account type called the Standard account. For this account type, the spreads starts from 0.7 pips and the commissions charged from 0%. In addition to the Standard account, there is a cent account as well for traders with low capital in certain countries.
FBS broker provide traders with great customer support 24/7. Traders can contact the FBS broker through phone, email and live chat.
To start trading with the FBS broker, you only require a minimum deposit of $5. If you are interested in trading with the FBS broker, click the button down below.
3. BlackBull Markets
The BlackBull markets is also a great broker that offers traders the MetaTrader 4 trading platform. Founded in New Zealand in 2014, the BlackBull markets is regulated by the well respected Financial Markets Authority (FMA).
The BlackBull markets is known for its great trade execution speeds. The BlackBull markets broker has achieved an average execution speeds of less than 75 milliseconds.
The BlackBull markets broker provides traders with 3 account types. These are ECN Standard account, ECN Prime account and ECN Institutional account. For the ECN standard account, the spreads starts from 0.8 pips and no commission is charged. For the ECN Prime account, the spreads starts from 0.1 pips and the Commission from $6 per lot. For the ECN Institutional account, the spreads starts from 0.0 pips and the commission from $4 per lot.
When it comes to customer service the BlackBull market provides traders with 24/7 customer support. Traders can contact the BlackBull markets broker through phone, email and live chat.
The BlackBull markets broker provides traders with a leverage of up to 1:500 depending on the country the trader is trading from.
To start trading with the BlackBull markets broker, you do not require a minimum deposit. If you are interested in trading with the BlackBull markets broker, click the button down below.
4. AvaTrade
AvaTrade is a highly regulated broker that offers traders with the MetaTrader 4 trading platform. The AvaTrade broker has a good reputation in the industry.
The AvaTrade broker was founded in Dublin, Ireland in 2006. The AvaTrade broker is regulated by 9 different regulators in the industry including top tier regulators such as Australian Securities and Investment Commission (ASIC) and Central Bank of Ireland.
AvaTrade offers several account options, including Standard and Professional accounts for real trading. They also provide a Demo account for practice and a Swap-free Islamic account for traders following Sharia law.
For the retail account, the spreads are around 0.9 pips for the Major currency pairs under normal market conditions and no commission is charged.
This broker offers 24/5 customer support to traders. Traders can contact the AvaTrade customer support through email, phone and WhatsApp.
The maximum leverage provided by the AvaTrade broker is up to 1:400. This leverage is only valid for international clients and professional clients. For Australian and European clients the maximum leverage is up to 1:30.
To start trading with the AvaTrade broker you require a minimum deposit of $100.
5. CMC Markets
CMC markets is also another great broker that offers the MT4 trading platform to traders. The CMC markets broker was founded in London, United Kingdom in 1989. CMC markets broker is also regulated by top tier regulators such as Australian Secruities and Investment Commission (ASIC).
The CMC markets broker provides a range of account types. For forex & CFD trading, they provide two main accounts. These are the CFD trading account and the Corporate Account. Additionally, they provide a spread betting account that is available in the UK.
The spreads for the CMC markets broker starts from 0.7 pips for major forex pairs and commission from 0.1 % for shares.
The CMC markets broker provides customer support between 7.30 am – 7 pm Sydney time. You can contact CMC markets broker through live chat, phone and email. They also provide traders with a contact form for non-critical enquiries.
The CMC markets broker provides retail clients with a leverage of up to 1:30. For professional clients, the leverage is up to 1:500.
To start trading with the CMC markets, you do not require a minimum deposit.
Conclusion
In this article we talked about 5 top Metrader 4 brokers. Not only these brokers provide the MT4 trading platform, they are also highly regulated by tier 1 regulators in the industry.
