3 Best MT4 Forex Brokers in USA
We have listed the 3 Best MT4 Forex Brokers in the USA for trading major, minor, and exotic currency pairs. These brokers offer tight spreads, strict regulatory compliance, and robust MetaTrader 4 platforms, ensuring that both beginners and professional traders can trade efficiently and securely with confidence worldwide today.
3 Best MT4 Forex Brokers in the USA(2026)
- OANDA – Overall, the Best MetaTrader 4 Forex Broker for US Clients.
- IG – The Best Overall Trading Experience.
- FOREX.com – The Best MT4 Forex Broker for Beginners.
Top 10 Forex Brokers (Globally)
1. OANDA
 | Minimum Deposit: $0 Regulated by: NFA, CFTC Crypto: Via Paxos |
OANDA is a highly regulated and trusted Forex and CFD Broker. Regulations by renowned and trusted agencies include IIROC, ASIC, CFTC, FCA, FFAJ, JFSA, MAS, MFSA, and, the BVI FSC. In addition, the Broker is regulated by the NFA and, accepts US Clients.
Accounts available are Standard, Core, Swap-Free, Premium, and, Premium Core Option. Moreover, a Demo Account is available. No Minimum deposit is required to open an OANDA live trading or demo account.
| Broker | OANDA |
| Regulation | 🇬🇧 FCA 🇦🇺 ASIC 🇺🇸 NFA/CFTC 🇨🇦 IIROC/CIRO 🇸🇬 MAS 🇯🇵 FFAJ 🇻🇬 BVI FSC 🇲🇹 MFSA 🇵🇱 KNF |
| Minimum Deposit | 0 USD |
| Spreads From | 0.0 pips |
| Commissions | Yes |
| Swap Fees | Yes |
| Leverage | Up to 1:50 |
| Trading Platforms | OANDA Trade MetaTrader 4 (MT4) TradingView |
| CFDs Total | 100+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review |  |
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Frequently Asked Questions
Can US traders use MetaTrader 4 with OANDA?
Yes, OANDA provides full MetaTrader 4 support for US traders, including advanced charting tools, automated trading (EAs), and fast execution.
Does OANDA require a minimum deposit for MT4 accounts?
No, OANDA does not require a minimum deposit, making it accessible for beginners who want to trade forex using MT4.
| Minimum Deposit: $0 Regulated by: NFA, CFTC Crypto: Via Paxos |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Legit and highly regulated in the USA | Limited product range compared to offshore brokers |
| No minimum deposit requirement | No MT5 platform for US clients |
| Full MetaTrader 4 platform support | Leverage restrictions due to US regulations |
| Transparent pricing with tight spreads | Fewer bonuses or promotions |
| Strong educational resources and market analysis | Trading costs can rise during high volatility |
Our Insights
OANDA is a legit MT4 forex broker in the USA, offering strong regulation, transparent pricing, and beginner-friendly access. While product selection is limited, it remains a trusted choice for secure and compliant forex trading.
2. IG
 | Minimum Deposit: $250 Regulated by: FCA, ASIC, CFTC, NFA, BaFin Crypto: Yes |
IG is a Trusted and well-established Global Forex and CFD Service Provider. License and Regulations include the NFA, FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, and, the BMA. Moreover, the broker accepts US clients.
In addition, Islamic, Swap-Free, and, Demo Options are available. The Minimum Deposit required to Open an IG Live trading account starts from 50 USD.
| Broker | IG |
| Regulation | 🇬🇧 FCA 🇩🇪 BaFin 🇨🇭 FINMA 🇺🇸 CFTC/NFA 🇦🇺 ASIC 🇳🇿 FMA 🇸🇬 MAS 🇯🇵 FSA 🇿🇦 FSCA 🇦🇪 DFSA |
| Minimum Deposit | 250 USD |
| Spreads From | 0.6 pips |
| Commissions | None |
| Swap Fees | Yes |
| Leverage | Up to 1:30 |
| Trading Platforms | Web platform Mobile apps MetaTrader 4 (MT4) ProRealTime Advanced L2 Dealer |
| CFDs Total | 17,000+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
What platforms does IG support for US forex trading?
IG offers MetaTrader 4 alongside its proprietary platforms for desktop, web, and mobile trading.
Can I trade many currency pairs on IG’s MT4 in the USA?
Yes. IG provides access to around 80+ major, minor, and exotic forex pairs on MT4 for US clients.
| Minimum Deposit: $250 Regulated by: FCA, ASIC, CFTC, NFA, BaFin Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Legit and fully regulated by CFTC & NFA | Only forex |
| Access to MetaTrader 4 with robust tools and EA support | Leverage capped by US rules |
| Competitive forex spreads on many currency pairs | Minimum deposit requirement |
| No dealing desk | MT5 is not offered in the US |
| Segregated client funds | Limited number of forex symbols |
Our Insights
IG offers an impressive range of Proprietary and Third-Party Trading Platforms. Established Traders will benefit from the Proprietary Offering, whereas Beginners will make a comfortable and straightforward start via MetaTrader 4.
3. FOREX.com
 | Minimum Deposit: $100 Regulated by: CIRO, CySEC, NFA, CFTC, CIMA, FCA, FSA, MAS, ASIC Crypto: Yes |
Forex.com is a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads. Regulations by trusted agencies in multiple jurisdictions, including the US (CFTC), Canada, and, the UK. In addition, the Broker accepts traders in the United States without restrictions.
| Broker | FOREX.com |
| Regulation | 🇬🇧 FCA 🇦🇺 ASIC 🇺🇸 NFA/CFTC 🇨🇦 IIROC/CIRO 🇰🇾 CIMA 🇯🇵 FSA 🇨🇾 CySEC |
| Minimum Deposit | 100 USD |
| Spreads From | 0.0 pips |
| Commissions | Yes |
| Swap Fees | Yes |
| Leverage | Up to 1:200 |
| Trading Platforms | Proprietary FOREX.com platforms MetaTrader 4 (MT4) MetaTrader 5 (MT5) |
| CFDs Total | 5,500+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
Is FOREX.com a legit MT4 forex broker in the USA?
Yes. FOREX.com is a legit MT4 forex broker regulated by the CFTC and NFA in the United States with strong compliance and oversight.
What forex markets can US traders access with FOREX.com on MT4?
US-based traders can access 80+ currency pairs and other markets via MT4, though CFDs vary by region.
| Minimum Deposit: $100 Regulated by: CIRO, CySEC, NFA, CFTC, CIMA, FCA, FSA, MAS, ASIC Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Legit, highly regulated broker in the US | Leverage limited to US regulatory caps |
| Supports the popular MetaTrader 4 platform | Limited product range for US clients |
| Wide range of forex pairs for trading | Spreads can be higher than some competitors |
| Strong global regulatory oversight | Minimum deposit requirement may deter beginners |
| Good educational resources | Inactivity or other fees can apply |
Our Insights
FOREX.com is a legit MT4 forex broker in the USA, offering regulated access to numerous currency pairs with strong oversight and trusted platform support, though leverage, fees, and product selection are tightly controlled by US rules.
Top 3 Best MT4 Forex Brokers in USA – OANDA vs IG vs FOREX.com
| Feature |  |  |  |
| Legit & Regulated in USA | Yes (CFTC & NFA) | Yes (CFTC & NFA) | Yes (CFTC & NFA) |
| MT4 Platform Support | Yes | Yes | Yes |
| Minimum Deposit | None | Moderate / ~$250 | Moderate (depends on account type) |
| Number of Forex Pairs | Wide range | 80+ pairs | 80+ pairs |
| Leverage (US Limits) | Up to ~1:50 | Up to ~1:50 | Up to ~1:50 |
| Spread Competitiveness | Tight, variable | Competitive | Competitive |
| Execution Type | STP / NDD | NDD | STP / NDD |
| Educational Resources | Strong | Good | Strong |
| Research & Market Tools | Good | Good | Excellent |
| Additional Markets (US) | Limited | Limited | Limited |
| Automated Trading (EAs) | Supported | Supported | Supported |
| Client Fund Protection | Segregated | Segregated | Segregated |
| Good for Beginners | Yes | Yes | Yes |
| Good for Pros / Advanced Traders | Yes | Yes | Yes |
| Trade Now |  | | |
What is MetaTrader 4?
MetaTrader 4 or MT4 is an electronic trading platform mainly used by Forex and CFD Traders. In addition, the Platform offers thousands of indicators and add-ons to customize the platform.
Criteria for Choosing a MT4 Forex Broker in USA
| Criteria | Description | Importance |
| Regulation & Legitimacy | Broker must be regulated by the CFTC and NFA to ensure legal, secure, and legit trading in the USA. | ⭐⭐⭐⭐⭐ |
| MT4 Platform Support | Full MetaTrader 4 access with indicators, charting tools, and Expert Advisors (EAs). | ⭐⭐⭐⭐⭐ |
| Spreads & Trading Costs | Competitive spreads and low commissions to reduce overall trading expenses. | ⭐⭐⭐⭐☆ |
| Leverage Limits | Compliance with US leverage rules (typically up to 1:50 for major pairs). | ⭐⭐⭐⭐☆ |
| Execution Speed & Quality | Fast, reliable order execution with minimal slippage or requotes. | ⭐⭐⭐⭐☆ |
| Minimum Deposit | Low or no minimum deposit to make trading accessible for beginners. | ⭐⭐⭐☆☆ |
| Available Forex Pairs | Wide selection of major, minor, and some exotic currency pairs. | ⭐⭐⭐⭐☆ |
| Automated Trading (EAs) | Ability to run forex robots and automated strategies on MT4. | ⭐⭐⭐⭐☆ |
| Account Types | Multiple account options to suit beginners, intermediate, and advanced traders. | ⭐⭐⭐☆☆ |
| Customer Support | Responsive, knowledgeable support available during market hours. | ⭐⭐⭐⭐☆ |
| Education & Research | Trading guides, tutorials, webinars, and market analysis for skill development. | ⭐⭐⭐☆☆ |
| Fund Safety & Segregation | Client funds held separately from company funds for added protection. | ⭐⭐⭐⭐⭐ |
Top 3 MT4 Forex Brokers in USA – A Direct Comparison
| Robust Regulation Platform Diversity No Minimum Deposit | | |
| Diverse Product Range Proprietary Platform & Apps IG Academy | | |
| Platform Optionality Competitive Pricing Superior Execution | | |
What Real Traders Want to Know!
Explore the Top Questions asked by real traders across the Globe. From what zero spreads mean to the minimum deposit, we provide straightforward answers to help you understand zero spreads and choose the right broker confidently.
Q: Are MT4 forex brokers in the USA legit and regulated? – Michael L.
A: Yes, MT4 forex brokers operating in the USA must be legit and regulated by the CFTC and NFA, which enforce strict rules to protect traders and ensure fair trading conditions.
Q: Can I still use MetaTrader 4 even though MT5 exists? – Sarah L.
A: Yes. MT4 remains very popular in the USA because it’s stable, easy to use, and supports indicators and automated trading that many traders rely on daily.
Q: Why is leverage lower with US MT4 forex brokers? – Daniel M.
A: US regulations cap leverage (usually up to 1:50) to reduce trader risk and prevent excessive losses, making trading safer compared to offshore brokers.
Q: Do MT4 forex brokers in the USA allow automated trading and EAs? – Emily K.
A: Yes, most US-based MT4 forex brokers fully support Expert Advisors (EAs) and automated strategies, as long as they comply with broker and regulatory rules.
Q: Are trading costs higher with US MT4 forex brokers? – Jason P.
A: Trading costs can sometimes be slightly higher due to regulatory compliance, but traders benefit from stronger fund protection, transparency, and reliable execution.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Strong Regulation & Safety | Lower Leverage Limits |
| Legit & Transparent Trading Environment | Fewer Asset Types |
| MetaTrader 4 Platform Support | Higher Trading Costs Sometimes |
| Client Fund Protection | No MT5 or Alternative Platforms in Some Cases |
| Good Customer Support & Resources | Deposit Minimums Can Be Higher |
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In Conclusion
MetaTrader 4 (MT4) offers access to a wide range of Technical Tools and Indicators, with the added benefit of chart Customization. Moreover, it supports Expert Advisors (EAs) and traders will be able to set up take profit orders, trailing stop loss, and pending orders with ease.
Faq
Yes, most MT4 brokers in the USA allow traders to open multiple accounts, such as standard, mini, or demo accounts, for testing strategies or managing different risk levels.
Yes, almost all US MT4 brokers provide free demo accounts, allowing beginners to practice trading with virtual money without any financial risk
No, US MT4 brokers are required to be transparent. Trading costs, including spreads, commissions, and overnight fees, are clearly disclosed before trading.
Yes, MT4 supports mobile apps for both iOS and Android, allowing you to trade, monitor charts, and manage positions anywhere.
Yes, most legit US MT4 brokers allow hedging (holding long and short positions simultaneously) within regulatory limits.
Execution is generally very fast with US brokers due to STP (Straight Through Processing) and NDD (No Dealing Desk) models, reducing slippage for traders.
Yes, MT4 allows full customization of indicators, charts, and templates, letting traders create setups tailored to their strategies.
Yes, automated trading is fully supported, but all strategies must comply with broker rules and US regulatory guidelines.
Some do. While less common than offshore brokers, a few US MT4 brokers provide platforms or third-party services for copy trading.
Yes, withdrawals are secure and regulated, usually processed via bank transfers, debit cards, or online payment systems, with clear timelines and no hidden restrictions.
