How to choose the best MT4 broker (2024)

Remember that you’ll need to open a trading account with an online broker – like us to be able to use the MT4 platform.

Explore our list of the best MT4 brokers ranked based on the number of technical indicators, costs involved, interface, execution speed and the financial markets available.

A brokerage account is a trading or investment account that enables you to buy and sell financial assets online. There are lots of different brokers you can choose from, and we are one of them. Opening a brokerage account with us gives you access to 17,000+ financial markets.

We assist you in organising and executing transactions on your behalf via our trading account. When you trade with us, you’ll predict the price movement of financial instruments by going long if you think that it’ll rise or go short if you think that it’ll fall using spread bets and CFDs.

Note that these derivative products are leveraged, which means that you can get exposure using a fraction of the full value size as your deposit. With leverage, your total profits or losses are calculated based on the full position size, not just the amount you paid to open that position. That’s why it’s important to take steps to manage your risk effectively.

To open a brokerage account with us, you’ll fill in an application form, get verified and fund your account. With us, you can also add or withdraw funds from your account – for free.

Almost every broker levies a fee for traders to use their platform. Note that there might also be a fee charged for inactivity as well, after the allotted time has lapsed.

These costs, among other charges may be incorporated in the total fees that you’re liable for. However, some trading platforms charge that to the cost of the business and offer low trading costs or even non-trading fees. When comparing which broker is the best for MT4, it’s important to consider the fees and charges involved.

It’s always important to have competent support at your beck and call to assist you with a query. This gives you confidence to browse through our platform unencumbered. With us, you’ll get global access to MT4 platform specialists 24 hours a day.

Our customer service is equipped to assist both beginners and seasoned traders navigate our platform. You can reach out via our 24-hour live support, phone call, email or X (formerly Twitter) from 8am on Saturdays to 10pm on Fridays (UK time).

Sever uptime is crucial for both the platform and a trader’s objectives. During active market hours, it’s imperative that there are limited interruptions on the platform because it’s the most volatile period.

We deliver 99.6% server uptime¹ on our award-winning platform² designed for speed, stability and resilience. This gives your algorithms the best conditions to operate in.

VPS stands for a virtual private server, a service which enables you to host a version of the MT4 platform remotely, from any location. Having MT4 VPS capabilities enhances your overall trading experience, providing stable uptime and low latency trading.

With us, you can access our MT4 VPS for free,³ however, you need to apply and meet the necessary requirements first. To apply for access, you only need to send an email stating your interest to helpdesk.uk@ig.com, via the email address registered to your IG account. Our only requirement is that your account balance must have a minimum of £5000 or more. Otherwise, you’ll incur a monthly charge of £50.

Traders like using MT4 because they’re able to customise the platform to their preferred specifications using a range of indicators and add-ons available. Our indicators are free, easy to install and optimised for different screen sizes.

Enhance your trading experience by adjusting the charts to feature the information you require, all grouped into one window for easy access.