3 Best MT4 Forex Brokers in USA
The 3 Best MT4 Forex Brokers for US Clients – Rated and Reviewed. We have listed the Best Forex Brokers with MT4 accepting traders in the United States.
| Broker | Website | |
|---|---|---|
| 🥇 |  | Visit Broker |
| 🥈 |  | Visit Broker |
| 🥉 |  | Visit Broker |
| 4 |  | Visit Broker |
| 5 |  | Visit Broker |
| 6 |  | Visit Broker |
| 7 |  | Visit Broker |
In this in-depth guide, you will learn:
- The Best MetaTrader 4 Forex Brokers for US Clients – a List
- The Best MT4 Forex Brokers for Beginners in the USA
- Is MT4 Good for Forex Trading?
- Do Professional Traders use MetaTrader 4?
- Are MT4 Indicators Free for Download?
and much, MUCH more!
3 Best MT4 Forex Brokers – a Comparison
| 🔎 Broker | 🚀 Open an Account | 🤝 Accepts US Clients | 💶 Min. Deposit |
| 🥇 OANDA | 👉 Click Here | ✅Yes | None |
| 🥈 IG | 👉 Click Here | ✅Yes | 50 USD |
| 🥉 Forex.com | 👉 Click Here | ✅Yes | 100 USD |
3 Best MT4 Forex Brokers in the USA(2024)
- ☑️ 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.
OANDA
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 |
| 💶 Minimum Deposit | None |
| 📌 Account Types | Standard, Elite Trader |
| 🆓 Demo Account | ✅Yes |
| 🎁 Bonus Offers | ✅Yes |
| ✏️ Education | ✅Yes |
| 📲 Mobile Trading | ✅Yes |
| 🖱️ Trading Platform | MetaTrader 4 |
| 🚀Open an Account | 👉 Click Here |
Trading Platforms
Trading Platforms supported include MetaTrader 4, MetaTrader 5, and, the FxTrade Mobile App. Notable factors and features of the MT4 option include:
- 4 Order Types and 9 Time Frames
- Available on iOS and Android
- One Click Trading
- CFDs on Forex, Crypto, Commodities, and, Indices
- Risk Management Tools
and much more!
Pros and Cons
| ✅ Pros | ❌ Cons |
| Great trading platforms | Only FX and CFD available for most clients |
| Outstanding research tools | Lacking Customer Support |
| Low trading fees | Inactivity fee |
Our Insights
OANDA offers an excellent selection of Account Options and Trading Platforms. Moreover, Beginners will benefit from access to MetaTrader 4 and its selection of Order Types, Timeframes, and, Technical Indicators.
IG
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. Account Options available are:
- CFD/DMA Trading Account
- Limited Risk Trading Account
- Options Trading Account
- Turbo24 Trading Account
- Share Dealing Account
- Spread Betting Account
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 |
| 📌 Year Founded | 1974 |
| 👤 Amount of Staff | 2,000+ |
| 👥 Amount of Active Traders | 300,000+ |
| 📍 Publicly Traded | ✅Yes |
| 🛡️Regulation | FCA, ASIC, CFTC, NFA, BaFin |
| 🌎 Country of Regulation | UK, Australia, US, Germany |
| ↪️ Account Segregation | ✅Yes |
| 🚨 Negative Balance Protection | ✅Yes |
| ⭐ Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | USD, EUR, GBP |
| 💶 Minimum Deposit | $250 |
| ⏰ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💷 Fund Withdrawal Fee | None |
| 📈 Spreads from | 0.6 pips |
| 📉 Commissions | None |
| 💰 Number of Base Currencies Supported | 5 |
| 📊 Swap Fees | Applicable |
| ⚙️ Leverage | Up to 1:30 (Retail) |
| 🔖 Margin Requirements | Varies by asset |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⏲️ Order Execution Time | 0.1 seconds |
| 🖱️ VPS Hosting | ✅Yes |
| ✔️CFDs Total | 17,000+ |
| 📌 CFD Stock Indices | 80+ |
| 🍎 CFD Commodities | 30+ |
| 📍 CFD Shares | 12,000+ |
| 💴 Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill |
| 💶 Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill |
| 🖥️ Trading Platforms | MetaTrader 4, ProRealTime, L2 Dealer, IG Trading Platform |
| 💻 OS Compatibility | Windows, MacOS, Android, iOS |
| 📐 Forex Trading Tools | Economic calendar, Autochartist, Trading signals |
| 🥰 Live Chat Availability | ✅Yes |
| 💌 Customer Support Email | ✅Yes |
| ☎️ Customer Support Contact Number | ✅Yes |
| 💙 Social Media Platforms | Facebook, Twitter, LinkedIn |
| ✏️ Languages Supported | Multiple languages |
| 📔 Forex Course | ✅Yes |
| 📚 Webinars | ✅Yes |
| 📒 Educational Resources | Articles, Videos, Tutorials |
| 📑 Affiliate Program | ✅Yes |
| 🗃️ Amount of Partners | Not specified |
| 🗄️ IB Program | ✅Yes |
| 📇 Notable Events or Teams | ✅Yes |
| 🪙 Rebate Program | ✅Yes |
| 💴 Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Trading Platforms
Trading Platforms supported by IG include MT4, ProRealTime, APIs, and, L2Dealer. In addition, a Proprietary Online Platform and Mobile Trading App are available. The Benefits of trading with MetaTrader 4 include:
- 24/7 Customer Support via MT4 Platform Specialists
- Access to the Platform is Cost Free
- 99%+ Server Uptime
- Access to 18 Free add-ons and Indicators
- Automated Trading with Expert Advisors
and much more!
Pros and Cons
| ✅ Pros | ❌ Cons |
| Access to over 17,000 instruments across markets | Limitations on customer support hours |
| Investing opportunities for high-volume traders | Inactivity fees apply |
| Several advanced Trading platforms | IG is not available in all regions |
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.
Forex.com
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. Account Types supported are:
- Spread Only Account
- RAW Pricing Account
- MT4 Account
- MT5 Account
- Corporate Account
In addition, a Virtually Funded Demo Account is available. The Minimum Deposit required to open a Forex.com Live Trading account is 100 USD.
| 🔎 Broker | 🥇Forex.com |
| 💰 Min. Deposit | $100 USD |
| 📈 Spreads from | 0.1 |
| 📉 Commissions | ✅ Yes |
| 💴 Inactivity Fee | ✅ Yes |
| 💶 Deposit Fee | ✅ Yes - Third-Party |
| 💵 Withdrawal Fee | ✅ Yes - Third-Party |
| 💻 Trading Platforms | MT4, MT5, Proprietary |
| 🆓 Demo Account | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
Trading Platforms
Trading Platforms supported by Forex.com include TradingView, MetaTrader 4, and, MetaTrader 5. Additionally, a Proprietary Online Platform and Mobile App is offered. Notable factors and Features of MetaTrader 4 include:
Pros and Cons
| ✅Pros | ❌Cons |
| Low Forex Fees | Limited to Forex and CFDs |
| Variety of Currency Pairs | High Stock CFD fees |
| Diverse technical tools | Not user friendly |
Our Insights
Forex.com offers a Good Balance of Proprietary and Third Party Trading Platforms. Beginners, Intermediate Traders, and, Established traders will benefit from the MetaTrader Options on offer.
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.
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.
MT4 has managed to stay an extremely popular platform choice by keeping its overall offering up-to-date and suited to traders of all skill levels.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker |
| 🥈 | | Read Review | FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC | USD 100 | Visit Broker |
| 🥉 | | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 4 | | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | ASIC, FCA, CySEC, SCB | USD 100 | Visit Broker |
| 6 | | Read Review | FCA, FSCA, FSC, CMA | USD 200 | Visit Broker |
| 7 | | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
Our Insights
While reviewing the Best MetaTrader 4 Forex Brokers that accept US Traders, we found 3 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.
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Faq
MetaTrader 4 and MetaTrader 5 are supported.
IG is governed by several regulators, including the NFA. US Trader can register with IG without restriction.
The Forex.com Minimum deposit is 100 USD.
MetaTrader 4 or MT4 is an electronic trading platform mainly used by Forex and CFD Traders.
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