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3 Best MT4 Forex Brokers in USA

Best Metatrader 4 Brokers


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.


In this in-depth guide, you will learn:



and much, MUCH more!


3 Best MT4 Forex Brokers


3 Best MT4 Forex Brokers – a Comparison


🔎 Broker🚀 Open an Account🤝 Accepts US Clients💶 Min. Deposit
🥇 OANDA👉 Click Here✅YesNone
🥈 IG👉 Click Here✅Yes50 USD
🥉 Forex.com👉 Click Here✅Yes100 USD


3 Best MT4 Forex Brokers in the USA(2024)


  1. ☑️ OANDA – Overall, the Best MetaTrader 4 Forex Broker for US Clients.
  2. ☑️ IG – The Best Overall Trading Experience.
  3. ☑️ Forex.com – The Best MT4 Forex Broker for Beginners.





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 DepositNone
📌 Account TypesStandard, Elite Trader
🆓 Demo Account✅Yes
🎁 Bonus Offers✅Yes
✏️ Education✅Yes
📲 Mobile Trading ✅Yes
🖱️ Trading PlatformMetaTrader 4
🚀Open an Account👉 Click Here


OANDA Overview


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!


Oanda Trading Platforms


Pros and Cons


✅ Pros❌ Cons
Great trading platformsOnly FX and CFD available for most clients
Outstanding research toolsLacking Customer Support
Low trading feesInactivity 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 Review



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.


📈 Regulation and LicensesFCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA
📉 Ease of Use4/5
📊 Support Hours24/7
💻 Trading PlatformsMetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API
💴 Base CurrenciesUSD
📊 SpreadsFrom 0.1 pips DMA
📌 Leverage1:222 (Pro), 1:30 (EU, UK, Retail)
💸 Currency Pairs80+; major, minor, and exotic pairs
💳 Minimum DepositFrom 50 USD (differs per region)
🚫 Inactivity FeeYes, 12 USD after 2 years of inactivity
📍 Website LanguagesEnglish
💰 Fees and CommissionsSpreads from 0.1 pips, commissions from 0.10%
🚀Open an Account👉 Click Here


IG Overview


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!


IG Trading Platforms


Pros and Cons


✅ Pros❌ Cons
Access to over 17,000 instruments across marketsLimitations on customer support hours
Investing opportunities for high-volume tradersInactivity fees apply
Several advanced Trading platformsIG 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 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 from0.1
📉 Commissions✅ Yes
💴 Inactivity Fee✅ Yes
💶 Deposit Fee✅ Yes - Third-Party
💵 Withdrawal Fee✅ Yes - Third-Party
💻 Trading PlatformsMT4, MT5, Proprietary
🆓 Demo Account✅ Yes
🚀 Open an Account👉 Click Here


Forex.com Overview


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:


Forex.com Trading Platforms


Pros and Cons


Low Forex FeesLimited to Forex and CFDs
Variety of Currency PairsHigh Stock CFD fees
Diverse technical toolsNot 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.


MetaTrader 4 Forex Trading Platform


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.


What is MetaTrader 4?


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.


BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit 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.


You might also like:


OANDA Review

IG Review

The Best USA Forex Brokers

The Best CFTC Forex Broker



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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