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Traders Union analysts selected the best MT4 brokers in the world

MetaTrader 4 platform is supported by most brokers. But not every broker can offer favorable trading conditions and high security for clients’ funds. Traders Union analysts have compared all MT4 Forex brokers and selected the Top 10 Forex brokers in the world. The Top 5 are RoboForex, XM Group, IC Markets, Exness, and AMarkets.

RoboForex

RoboForex is the best broker for Forex trading, according to the Traders Union. Traders can choose from different types of accounts, namely:

  • ProCent;
  • Pro;
  • ECN;
  • Prime,
  • Pro Affiliate;
  • ECN Affiliate;
  • Cent Affiliate, Demo.

The broker offers high leverage 1:2000, is integrated with MetaTrader Market, and guarantees a high level of protection for the client’s funds.

Deposits and withdrawals are free. No hidden fees are charged. Multiple payment systems are supported, including PayPal. It is possible to trade on the go with RoboForex thanks to its mobile app.

IC Markets

IC Markets supports MT4 on every digital device. Traders can choose Standard or Raw Spread accounts. The only disadvantage is a high minimum deposit of $200. Once the money is deposited, clients can trade with 1:500 leverage. Standard comes with zero commission and spreads from 1.0 pip, while Raw Spread gives spreads from 0.0 pips and $3.50 commission per lot on each side. Orders are executed instantly, and liquidity is always at a high level. More information can be found in the full IC Markets review by the Traders Union.

XM Group

XM Group is well-known for its educational resources. This broker keeps clients informed about every aspect of Forex trading. Traders can find latest and up-to-date information whether they are wondering how to install MT4 or how to trade. Most brokers have tutorials on their websites, but XM’s informational base is unique. XM Group has several types of accounts, mostly with no fees and a minimum deposit of $5. XM Group’s spreads start at 0.6 pips. Over 56 Forex trading pairs are available. There are useful video lessons about MT4. The broker awards different types of welcome and trading bonuses.

More information on the Top 10 world’s best brokers can be found at Mint.

MT4 or MT5? Which one is better for Forex traders?

Both platforms are good for trading. MetaTrader 5 is the newer edition of MetaTrader 4. The main difference is that MT4 was created for Forex only. MT5 can be used for Forex, and also other assets, including futures and stocks. It is up to traders which platform to choose. MT4 is a good option for a)beginners and b)people only engaged in Forex trading. MT5 has an extended functionality, but MT4’s interface is easier to use.