Best MetaTrader Brokers for 2023

 

For a decade now, MT4 has been the most popular platform for retail traders; even if it is old and outdated, traders are still looking for brokers providing an MT4 Platform. This forced Metaquotes, the company behind MT4, to stop giving new licenses to brokers since they wanted to replace the old platform with the latest and updated MT5.

The extensive archive of expert advisors and custom indicators, in combination with the trust that traders have in MT4 and MT5, have made them, in many cases, an essential platform for a broker to have. We have seen many cases of brokers with their platforms acquiring an MT4/5 license after the high demand in the market.

On the other hand, we have seen a lot of brokers cheating clients using a variety of plugins and other methods. We also know that many clients lose a significant portion of their investment by employing an expert advisor or custom indicator.

We don’t believe that MT4 and MT5 platforms are the only criteria for choosing your broker or strategy. However, if you are familiar with the platforms, then you need a trusted broker to have an account with as well.

Please find below a summary of the best MetaTrader Brokers:

Best Overall Broker

Best for Day Trading

Best For Gold

5/5
4.5/5
4.5/5

  • Accounts for each trading style

  • Biggest Broker out there in terms of Trading Volume. 

  • Excelent Support

  • Low Cost and Spreads on major pairs

  • Fast Execution

  • Many tools for Day traders

  • Low spreads on XAUUSD

  • Moderate Swap Charges

  • Excelent Support

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Best For Education

Best For Small Pockets

Best for Scalping

4/5
4/5
4.5/5

  • Outstanding educational content

  • Excelent Support

  • Industry-leading pricing

  • One of the oldest in the industry

  • Many tutorials to start with

  • Low minum deposit

  • Fast Execution

  • Well Regulated

  • Low Spreads

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