Best MetaTrader Forex Brokers 2025
Discover the top-rated MT4 and MT5 brokers with competitive spreads, advanced tools, and reliable trading platforms. Compare and choose the best broker for your trading strategy.
Compare Brokers Now View Top BrokersWhy Trade with MetaTrader?
World's Most Popular Trading Platform
MetaTrader 4 and MetaTrader 5 are the industry standard platforms for forex and CFD trading, used by millions of traders worldwide. These platforms offer advanced charting tools, technical indicators, and automated trading capabilities through Expert Advisors (EAs).
According to industry research, over 80% of retail forex traders choose MetaTrader platforms due to their reliability, customizability, and comprehensive trading features. The platform supports multiple asset classes including forex, stocks, commodities, and cryptocurrencies.
When selecting a MetaTrader broker, key considerations include regulation, trading costs, execution speed, available tools, and customer support. Our comprehensive guide helps you find the best broker for your trading needs.
MetaTrader Brokers Comparison
Compare the top MetaTrader brokers based on key metrics and features
| Broker | Rating | Min. Deposit | EUR/USD Spread | MT4 | MT5 | Regulation | Features |
|---|---|---|---|---|---|---|---|
|
IC
IC Markets
|
$200 | 0.62 pips | ASIC, CySEC | ECN Trading Copy Trading | |||
|
O
OANDA
|
$0 | 0.6 pips | CFTC, NFA, FCA | Premium Tools VPS Hosting | |||
|
FP
FP Markets
|
$100 AUD | 1.2 pips | ASIC, CySEC | Low Cost ECN Account | |||
|
F
FOREX.com
|
$100 | 1.2 pips | CFTC, NFA, FCA | US Clients Advanced Tools | |||
|
P
Pepperstone
|
$0 | 1.00 pips | ASIC, FCA, DFSA | Third-Party Tools Copy Trading |
Top MetaTrader Brokers 2025
Detailed reviews of the best MetaTrader brokers in the industry
IC Markets
Best Overall for MetaTrader
#1 MetaTrader Broker- ECN Trading: Direct market access with tight spreads
- Tools: Advanced Trading Tools package
- Execution: Ultra-fast trade execution
- Assets: 3,583+ tradeable symbols
OANDA
Best for US Traders
Best US Forex Broker- Pricing: Tight spreads from 0.6 pips
- Platforms: MT4 with 28 premium tools
- Execution: Fast execution under 90ms
- Assets: 68 forex pairs + cryptocurrencies
FP Markets
Low-Cost ECN Trading
Best for Algorithmic Trading- Pricing: Raw ECN spreads from 0.0 pips
- Platforms: Full MetaTrader suite
- Execution: STP/ECN execution model
- Assets: 10,000+ tradeable instruments
Frequently Asked Questions
Everything you need to know about MetaTrader brokers
MetaTrader 4 (MT4) was designed specifically for forex trading and remains the most popular platform. MetaTrader 5 (MT5) is a multi-asset platform that supports stocks, futures, and options in addition to forex. MT5 offers more technical indicators, timeframes, and order types, but MT4 is still preferred by many forex traders due to its simplicity and extensive library of Expert Advisors (EAs).
Yes, US traders can use MetaTrader platforms through brokers regulated by the CFTC and NFA. The top MetaTrader brokers accepting US clients include OANDA, FOREX.com, and tastyfx. However, US regulations limit leverage to 1:50 for major currency pairs and restrict certain instruments like CFDs.
Key factors when choosing a MetaTrader broker include:
- Regulation: Choose brokers regulated by reputable authorities (FCA, ASIC, CySEC, CFTC)
- Trading costs: Compare spreads, commissions, and fees
- Execution quality: Look for fast execution speeds and minimal slippage
- Platform features: Check for additional tools, plugins, and VPS support
- Customer support: 24/5 support availability and responsiveness
Yes, MetaTrader is suitable for beginners due to its user-friendly interface, demo accounts for practice, and extensive educational resources available through most brokers. The platform offers basic charting and analysis tools that are easy to learn, while also providing advanced features that traders can grow into as they gain experience.
The MetaTrader platform itself is free to download and use. Trading costs include:
- Spreads: The difference between buy and sell prices (main cost)
- Commissions: Some brokers charge per trade (common with ECN accounts)
- Swap fees: Overnight financing charges for positions held past settlement
- Inactivity fees: Charged by some brokers if account is dormant