Best MT4 Brokers in UK 2022

Among forex traders in the UK, the MetaTrader 4 platform has grown in popularity. This is due to its user-friendly design and technical indicators that support market analysis. We urge you to pick the best MT4 brokers that meet your trading needs because choosing the finest broker is equivalent to finding a suitable MetaTrader 4 platform.

Do not agonize about how to select the best MT4 brokers since we have you covered. We have listed the top MetaTrader 4 brokers in the UK in this article after extensive testing and evaluation.

Best MT4 Brokers in UK 2022

Best MT4 Brokers 2022

MT4 is now available from numerous brokers for Mac, Windows, or mobile devices, easing the trading process for both novice and experienced investors.

In light of this, the list of MetaTrader 4 brokers below offers a selection of the best platforms, with an emphasis on their commissions, asset selection, and trading features.

1. Best MT4 Brokers is the market leader among MetaTrader 4 brokers. One of the most well-known trading platforms in the world, this low-margin rate broker focuses mostly on CFDs. A strong degree of client protection is ensured by the FCA, ASIC, and CySEC’s supervision of security.

Due to its extensive asset range and affordable trading costs, is regarded as the top broker for MetaTrader 4. With, users can trade more than 130 FX pairings, including a number of exotics that aren’t provided by other platforms. Additionally, as all expenses are included in the spread, there are no charges required to initiate an FX trade.

During the busiest trading hours, this spread, which is for EUR/USD, is approximately 0.6 pip wide. According to each user’s jurisdiction, also provides leverage facilities, with up to 30:1 available in some areas. Even better, this supplier has one of the greatest investment apps available, along with an AI-powered trading service that helps each user achieve better trading results.

This MT4 forex broker has a $20 minimum deposit amount, which may be made through a credit/debit card, bank transfer, PayPal, Apple Pay, or Apple Pay. does not charge any deposit fees and neither does it charge any withdrawal or inactivity fees.

Customers only need to register for accessing from, which offers full connectivity with MetaTrader 4 for Windows operating Systems. The program will include a “1-click trading” capability and more than 85 pre-installed MT4 indicators. Users have the option of downloading the MT4 trading platform to their smartphone, which enables easy trading while they are on the road.

2. Libertex

libertex Best MT4 Brokers

Libertex is another well-known MetaTrader 4 broker to take into account. One of the oldest platforms on our list, Libertex has served more than 2.2 million traders globally and has about 25 years of industry experience. CySEC, a prestigious organization, provides regulation, and Libertex has recently won multiple industry honors.

Libertex is one of the most affordable MT4 brokers because there are no spread fees for customers to pay when they place a trade. Instead, Libertex levies a nominal commission—which fluctuates based on the asset—when a transaction is opened or closed. This commission is dependent on every $1,000 invested in an instrument and is increased further if leverage is used, making it one of the best low spread forex brokers to deal with.

Customers can trade more than 50 Forex pairs with this top forex broker by using the web platform, smartphone apps, or MT4 platform. With a minimum deposit of €100, Libertex will accept money from credit/debit cards, bank transfers, and e-wallets. Libertex also provides MT4 demo accounts, allowing newcomers to practice before engaging in live trading. Surprising to you, Libertex will likewise be among the top MT5 brokers in 2022.

3. IG Markets 

IG  Best MT4 Brokers

A multinational MT4 broker with a history dating back to 1974 is IG Markets. Due to its top-notch MT4 trading platform and abundance of trading and market analysis tools, we think it is the finest broker with an MT4 platform in the UK. Over 17,000 market instruments, comprising currencies, equities, commodities, and indices, are available for trading on IG Markets.

It is easy and takes just a few minutes to create an IG Markets account. You have access to a variety of trading tools for market analysis and enhancing your trading experience through its MT4 trading platform. You can use trade robots and automate your trading tactics using this broker’s MT4 platform, for instance.

There are zero fees for deposits or withdrawals despite the broker’s very high trading charges. Spreads and an $18 monthly inactivity fee will also be charged if you don’t make any trades over a two-year period. Margin traders can also use leverage on this broker’s platform to expose themselves to a variety of marketplaces.

We primarily advise experienced investors to use this broker. However, beginners are advised to give it a try if they believe they have the necessary trading tactics to use the sophisticated platform offered by IG Markets.

Overall, the MT4 platform at IG Markets is the best in the UK. Use the broker’s demo account at your leisure to test it out. It is also supported by a plethora of research and educational tools to help you improve your trading.

4. AvaTrade 


AvaTrade is an MT4 broker situated in Ireland that was launched in 2008. Because it is regulated by world-class authorities such as the FCA, we believe this broker is safe for your financial needs.

AvaTrade offers thousands of tradable items, including FX, equities, commodities, and ETFs.

AvaTrade is a wonderful choice if you’re searching for a broker with no trading commissions. However, keep in mind that you will be charged competitive spreads for each position you open. AvaTrade also has no non-trading fees, making it an excellent choice for low-budget investors. These are the explanations for why it is the best MT4 broker with the smallest spreads in the UK.

AvaTrade has disadvantages just like any other MT4 broker. Even though it’s simple to sign up for a trading account on this MT4 broker’s platform, you need to make a minimum deposit of £100 before you can begin making investments. A £50 monthly inactivity fee is also assessed if you don’t fill a position after three months.

AvaTrade not only provides one of the most effective MT4 trading platforms but also AvaOptions and DupliTrade platforms, giving you the ability to fully control your investing activities and interact with other investors while replicating trades from the pros.

5. Skilling

skilling Best MT4 Brokers

Skilling is a popular MetaTrader 4 broker because of its modest spreads. Many individuals consider Skilling to be one of the best algorithmic trading platforms because it offers low-fee “Premium” accounts that allow trading on more than 70 Forex pairs. Although this account has reduced spread fees, each trade is subject to a commission.

Users can also choose the “Standard” account, which has spreads for EUR/USD that typically average around 1.2 pip. Additionally, Skilling offers complete MT4 integration, enabling users to use EAs to automate the trading process. Averaging just 0.05 seconds per position, Skilling even offers lightning-fast execution times.

6. Pepperstone 

Pepperstone Best MT4 Brokers

For investors searching for the best MT4 broker with an ECN account, Pepperstone can be a decent choice. Spreads for EUR/USD are available on the Pepperstone “Razor” account as low as 0.0 pips. The ‘Standard’ account, which includes all fees in the spread, is the most economical choice for traders searching for the most cost-effective option, but since a commission is assessed on each position.

With Pepperstone, users can trade more than 60 FX pairs, and an MT4 download is accessible on the broker’s website. One of the greatest automated trading platforms on the market, Pepperstone also offers 28 forex indicators for MT4 and a number of Expert Advisors (EAs). The FCA, ASIC, and BaFin all regulate Pepperstone, making it one of the most trustworthy choices on our list.

7. Oanda


One of the top MT4 brokers for traders is Oanda, which is overseen by the CFTC and the NFA domestically. On Oanda, users can trade 69 currency pairings with all fees included in the spread. Notably, Oanda offers up to 50:1 leverage on the tradable currency pairings on the platform and full support for micro lot trading.

Oanda accepts nine base currencies and has no minimum deposit requirement. There aren’t any costs associated with deposits or withdrawals, and Oanda also accepts payments made through Skrill, Neteller, and PayPal. Last but not least, Oanda provides MT4 connectivity for Mac, Windows, and mobile devices in addition to “depth of market” pricing, which ensures the tightest spreads.


Any investor requires a trustworthy MT4 broker who enables real-time access to trading marketplaces and helps them to automate their trading activity, especially those who execute numerous trades throughout the day. In addition to being among the finest MT4 brokers in the UK, is also regarded as the best stock trading app for mobile trading due to the abundance of tradable instruments it offers, including +90 currency pairings.

Being the largest MetaTrader 4 broker worldwide, offers a highly customizable, user-friendly, and order type-supported mobile trading interface. Due to its strict regulation by the most demanding international authorities, it is one of the safest MT4 brokers in the UK.

For you to begin investing on, a £100 minimum investment is needed. With competitive variable spreads, its forex trading fees are likewise reasonable. On the other hand, after 12 months of inactivity, this best MT4 broker levies a $15 per month inactivity fee. As a result, we advise forex traders on a restricted budget to use this broker.

The mobile app from is ultimately what you need to monitor your trading operations while on the go. With the right study and instructional resources, you may swiftly advance your trading abilities.

9. IC Markets

IC Markets

IC Markets, a low-spread forex broker, is another choice for the top MT4 broker. ASIC regulates IC Markets, which have spreads starting at 0.0 pips on the “Raw” account. Through IC Markets, you may trade more than 60 different currency pairs, with fast execution and micro lot trading ensuring a smooth user experience.

With IC Markets, deposits are free, however, the minimum deposit amount is $200, which is a little more. Professional traders can get leverage up to 500:1 by using the IC Markets platform and the MetaTrader 4 software. Last but not least, IC Markets guarantees that there is no minimum order distance, which is great for scalpers who profit from little price changes.

10. FP Markets

FP Markets

FP Markets completes our list of MT4 brokers. The platform of FP Markets, which enables users to instantly duplicate the trades made by other FP Markets traders, makes it the finest MT4 broker for copy trading. An important aspect of this feature’s integration with MT4 and MT5 is that it enables users to adjust their risk tolerance.

The ECN account from FP Markets will appeal to regular traders because it has incredibly low latency, which is intended to lessen (or eliminate) slippage. With a commission applied, spreads on this account might be as low as 0.0 pip. Finally, FP Markets makes it simple to build a diversified portfolio by allowing users to purchase cryptocurrencies as well as other asset classes.

What Is MetaTrader 4?

Popular online trading platform MetaTrader offers a variety of adaptable trading systems, such as FX, CFDs, commodities, and stocks.

Choosing a well-known trading platform while looking for the best forex broker for beginners in the UK makes it simpler to access the markets.

MetaTrader 4 (MT4), created by MetaQuotes in 2005, offers a straightforward user interface along with sophisticated technical analysis, which is most frequently used in forex trading.

MT4 is still used extensively because it is simple to use, even for beginners, and offers a significant amount of customization, integrating third-party algorithms and expert advisers.

In order to allow algorithmic trading—the capacity to execute trades automatically using specified parameters—MetaQuotes developed a proprietary programming language (MQL4/5) as well as a stand-alone platform that brokers can use to manually handle deals.

Users may work on PC, Mac, iPhone, and Android devices thanks to the cross-platform features.

The greatest security standards are provided by MetaTrader 4, which also supports RSA digital signatures and encrypts data transfers between the client terminal and platform servers.

What Distinguishes MT4 from MT5?

It may seem weird that MetaTrader 5 (MT5), an updated version of the trading platform, is less well-known than MT4, yet this is true.

The new changes in MT5 are mostly intended for more seasoned traders who want access to more capabilities.

MT5 is a 64-bit multi-threaded system that uses several servers for resource optimization, as opposed to MT4, which is a 32-bit mono-threaded system. Since MT5 includes a distinct server for accessibility, trading, history, and backup, it is more flexible.

While MT4 does not, MT5 enables traders to transact in both centralized and decentralized markets, including equities, futures, and currencies. An experienced trader could discuss a strategy using the inbuilt chat feature.

Backtesting is made easier when the trading history is available. MT5 brokers lets you observe the real volume of lots that have been exchanged rather just calculating the number of improvements. You may then download the tick history for backtesting.

How to begin with MT4 Brokers?

Let’s examine the investment process before wrapping off this article on the top MT4 brokers. Trading using MT4 is distinct than trading on a web-based platform or smartphone application, yet it is still relatively simple to use.

In light of this, the following steps outline how, to begin with, MT4 uses our preferred supplier,, without having to pay any commissions.

Step 1: Open an Account 

Go to the homepage of and click “Trade Now.” After providing a working email address, select a password for the account. registration

You’ll also need to finish the verification process after creating the account. To accomplish this, click “Complete Registration” on the brokerage interface after completing the KYC requirements. Next, submit a passport and other form of identification together with a utility bill as proof of identity.

Step 2: Create an MT4 Account 

By selecting “Add Live Account” on your “My Accounts” section, select MetaTrader 4. Next, you can choose the account’s base currency and, if you’d like, give it a name. Then, on the account’s page, click the “Login Details” option. You’ll need to remember the login number and server name later, so make a notation of them now.

Step 3: Deposit Funds

Choose how much money you want to deposit by clicking “Deposit” in the trading account part of the website. just requires a $20 minimum deposit. accepts a number of payment options, including credit/debit cards, bank transfers, PayPal, and more.

Step 4: Install MT4

Go to the MetaTrader 4 website’s “Download” area. Complete the on-screen instructions to select the MT4 version you want to download.

Installing MT4

Step 5: Login your MT4 platform

After installing, open the MT4 trading platform, then choose “Login” from the “File” option at the top of the window. Then a box similar to the one below will show up. In this field, type your trading account password along with the login information that you noted in Step 2.

 Login your MT4 platform

Step 6: Begin Trading

You are now prepared to start trading after logging in. The live chart will show on the screen after you select the symbol you want to watch from the list under “Market Watch.” When you’re prepared to trade, double-click the name of the instrument, enter your stake amount in the box that appears, and then, depending on how you think, select whether to click “Buy” or “Sell.”

mt4 trades


If you pick the MetaTrader4 broker that best suits your trading needs, any of our recommended brokers can work well for you. The only thing you will need to worry about is developing your trading strategy because you can rest confident that they are all secure for your investment funds. Always check out a MT4 broker using their demo accounts before deciding to use them. Then, you’ll be able to plainly observe what they’re offering and how reliable they are. is our choice for the top broker for MetaTrader 4. guarantees that there is always a trading opportunity for both novice and experienced investors because it offers over 130 FX pairs to trade. With a $20 minimum deposit, also provides commission-free trading and a smooth MT4 interface.

Frequently Asked Questions

Which MT4 broker is the best?

Our #1 pick for the top MT4 broker is This is due to the fact that provides full connectivity with MetaTrader 4 for Windows, Mac, or smartphones while allowing commission-free trading on more than 130 FX pairings.

Is MT4 available without a broker?

No, MT4 trading requires a brokerage account because the software is only intended for trade execution and analysis. Thankfully, brokers like provide free MetaTrader 4 connectivity and a sample account to practice trading before engaging in actual trading.

Is the MT4 trading platform reliable?

As it provides a simple method for performing backtesting and trend analysis, MT4 is regarded as the “gold standard” in forex trading. Additionally, MetaTrader 4 offers automated trading systems, which completely automate the investment process.