Plus500 has been one of the best CFD brokers globally since 2008. The broker offers a wide range of online CFDs on forex, shares, commodities, and more!
Meet Thadeus, a trading guru, brilliant writer, and financial fanatic with years of expertise in the industry. Get ready to learn from his wealth of knowledge.
MetaTrader 4, or MT4, is one of the most popular trading platforms worldwide thanks to its simple design, advanced charting tools, and fast execution. For traders in the UK, the key is not just using MT4 but finding a broker that is safe, regulated, and matches your trading style.
This guide lists the best MT4 brokers in the UK, based on careful testing of their fees, security, speed, and other features. Compare the options below to find the broker that best fits your needs.
List of the Best MetaTrader 4 Brokers in the UK
FP Markets –Best Social Trading MT4 Broker in the UK
Oanda – Best MT4 Broker With No Minimum Deposit Requirement
Essence
MetaTrader 4 (MT4) is a popular and user-friendly trading platform primarily for forex trading.
Traders and investors must prioritise regulatory compliance, trading fees, diversified assets, and more when selecting an MT4 broker.
Consider convenient payment methods for a seamless experience with an MT4 broker
Take advantage of demo accounts to practice risk-free strategies before trading with real funds.
Check user reviews on platforms like Google Play and Trustpilot for insights.
If you are a beginner with an MT4 broker, utilise the educational resources provided to enhance your trading skills.
Regularly monitor market developments and broker updates for informed decisions.
Brief Overview of Our Recommended MT4 Brokers' Fees
Understanding a broker’s fee structure is crucial when selecting the right MT4 provider in the UK. Every broker charges differently, with costs potentially including spreads, commissions, transaction fees, and inactivity charges.
Some brokers also offer account types such as micro accounts, standard accounts, Islamic accounts, or commission-based accounts, each with specific minimum deposit requirements. Comparing these fees and account conditions helps traders manage costs effectively and choose the setup that best suits their trading strategy.
Below is a summary table of the key fees for our recommended MT4 brokers in the UK. You are welcome to compare them and make informed choices tailored to your trading goals.
Our Opinion & Overview of the Best MetaTrader 4 Brokers in the UK
The brokers you find in this guide have all been thoroughly tested, and we can assure you that they are the best MetaTrader 4 brokers in the UK. Our findings are not only based on multiple test results. We combined them with honest user reviews from Google Play, the App Store, and Trustpilot. Below is our opinion based on our experience.
1. FP Markets – Best Social Trading MT4 Broker in the UK
Drawing on our own experience, FP Markets emerges as the premier social trading MT4 broker in the UK. We found its platform designed for traders of all levels, featuring a user-friendly interface equipped with diverse tools and features.
Our team recommends leveraging FP Markets’ social trading feature to connect with global traders and replicate successful trades. Beyond social trading, FP Markets’ MT4 platform impressed us with quality trading tools, including technical indicators and Expert Advisors, ensuring a comprehensive trading experience.
With over 70 currency pairs and a £100 minimum deposit, this broker caters to various asset preferences.
1
FP Markets Review
TradingGuides Rating:
✔Low trading fees ✔Accounts can be opened fast and easy
Access to the MQL4 community platform for social interactions
Low minimum deposit requirement
Fast trade execution and minimal slippage
Low trading fees
Cons
You can only access the social trading feature via the MT4 and MT5 platforms
Support service can be improved
Type
Fee
Minimum deposit
$100
Overnight fee
$0
Deposit fee
$0
Withdrawal fee
Depends on payment method
Inactivity fee
$0
There are plenty of trading options to choose from on FP Markets. These include 70+ currency pairs, more than 10,000 stocks on global exchanges, 5 cryptocurrency CFDs, 290 ETFs, 19 major global indices, and commodities. The commodities available include gold, silver, oil and more.
2. Forex.com - Best MT4 Broker for Mobile Trading
Our findings designate Forex.com as the best MT4 broker for mobile trading in the UK, catering to active traders. As the largest global MetaTrader 4 broker, Forex.com provides a highly customisable mobile trading platform with access to over 90 currency pairs.
We also explored a user-friendly interface and a wide array of order types, leading us to conclude that it is perfect for both newbies and professionals. With a minimum deposit requirement of £100 and competitive variable spreads, Forex.com is also suitable for budget-conscious forex traders.
While there’s a $15 monthly inactivity fee after 12 months of inactivity, the platform’s comprehensive mobile app and educational and research tools are worth a try.
1
Forex.com Review 2025
TradingGuides Rating:
✔ Unparalleled forex service ✔ Wide array of offerings
Extremely customisable and user-friendly MT4 trading platform
Advanced charting and analysis tools
Cons
$15 monthly inactivity fees after 12 months
Stock CFD charges are high
Type
Fee
Minimum deposit
$100
Inactivity fee
$15
Deposit fee
$0
Withdrawal fee
$0
Overnight fee
$0
Clients can trade Forex, Indices, Cryptocurrencies, Stocks, and Commodities (including precious metals and oil) with different account types.
3. CMC Markets - Best Automated MT4 Broker in the UK
Based on our experience, CMC Markets stands out as a top MetaTrader 4 (MT4) broker in the UK, offering a reliable and robust platform for both beginners and experienced traders. MT4 users benefit from automated trading capabilities, custom indicators, and Expert Advisors (EAs), making it ideal for those who want a hands-off or algorithmic trading approach.
In addition to MT4, CMC Markets also supports its Next Generation platform, which provides advanced charting tools, automated pattern recognition, and integrated market insights from Reuters and Morningstar. Traders can also link accounts to TradingView for enhanced charting and technical analysis while executing trades seamlessly.
With over 12,000 tradable instruments, including forex, commodities, indices, and cryptocurrencies, and competitive spreads, CMC Markets allows traders to diversify portfolios and trade efficiently. Its MT4 platform ensures fast execution and access to all the tools needed to manage risk and implement strategies successfully.
1
CMC Markets Review 2025
TradingGuides Rating:
✔ Top tier forex and CFD broker ✔ Great selection of assets
Availability of MT4 platform with automated features
Charges some of the lowest spreads in the industry
Quality learning and market analysis tools
Cons
The support service response rate can be improved
Features only CFD instruments
Type
Fee
Minimum Deposit
£0
Inactivity fee
£10 monthly
Withdrawal fee
£0
Deposit fee
£0
Stocks– pick and choose between 10,000 different international company stocks listed on exchanges in North America, Europe, and Asia. Use leverage to increase your exposure and analyze the assets with an award-winning stock trading platform.
Indices– there are close to 100 indices available, from the FTSE 100, US 30, and Germany 40 to smaller more unknown versions. CMC also has some of the tightest spread on indices in the industry.
Forex– foreign exchange was the first thing that CMC ever offered and it remains one of their most popular services to this day. With 330 currency pairs, you can rest assured that you can trade any major, minor, or exotic forex pair that you could ever wish for.
Commodities – take positions on more than 100 cash and futures and profit from precious metals, energies, or even foods. Gold is always a popular option and so is Brent oil, natural gas, corn, copper and platinum.
ETFs– more than 1,000 ETFs await you on the CMC Markets trading platform. With super-fast execution and a 99.8% fill rate, you’re able to take your trading to the next level on one of the most versatile financial markets around.
Treasuries – for a more unique trading experience, you can take positions on 50 instruments based on government bonds and interest rates, both in Europe and North America.
Share Baskets – these instruments are exclusive to CMC Markets and provide an opportunity to profit from the next major trend. Trade baskets based on tech stocks, U.S. banks, or even streaming services, and lower the overall risk through diversification.
4. FXTM - Best MT4 Broker With a Micro Account
After putting FXTM into practice, we conclude that it is a viable choice for MT4 investors looking for a broker with a micro account. This best broker for MetaTrader 4 is also one of the cheapest in the industry since it has a low minimum deposit requirement of £10. Plus, all trades have no commission charges, and the spreads are low.
We noticed that FXTM lists a diverse asset collection, including forex, stocks, commodities, cryptocurrencies, and indices. Its MT4 platform is one of the best we’ve traded with since it executes trades seamlessly on all devices. You are guaranteed all the tools you need, including MQL4, VPS trading, expert advisors, 30+ indicators, and more. We rated it against most of its peers and gave it a 4.6-star rating.
1
FXTM Review 2025
TradingGuides Rating:
✔ Great education section
✔ Well-established broker
Customer support service is available on weekdays only
Type
Fee
Minimum deposit
$200
Overnight fee
$5
Deposit fee
$0
Withdrawal fee
$3
Inactivity fee
Yes
In the forex market, you have a choice of 60 currency pairs. If you decide to trade stocks, FXTM can offer you 170 options for stocks from different companies. Many of these stocks are offered not only as CFDs, but also for live trading. The broker also allows customers to trade cryptocurrencies.
5. Oanda - Best MT4 Broker With No Minimum Deposit Requirement
Oanda has been around for over 25 years and continues to adapt with the advancing technology to accommodate its users’ needs. After putting it into practice, we noticed that the broker does not have a minimum deposit requirement, making it ideal for traders looking to get started with minimal funds.
Plus, its MT4 platform is easily accessible via all devices, and the superior functionality gave us a worthwhile experience. With Oanda’s MT4 platform, you can trade over 48 currency pairs and thousands of additional CFD assets and explore over 2,000 indicators for solid strategy development. On top of that, it hosts quality charts and technical analysis tools for maximum experience. These and more make us rate the broker with 5 stars.
1
OANDA Review
TradingGuides Rating:
✔ Outstanding research tools
✔ Fast and user-friendly account opening
76.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money.
Although FxPro's support service is available 24/5 via phone, email, and live chat, it offers timely and effective assistance to traders.
FxPro provides a user-friendly and customisable MT4 platform
FxPro is highly regulated, providing a level of assurance regarding security and fair trading practices.
Cons
Limited asset offerings compared to its peers
No copy or social trading
Type
Fee
Minimum deposit
£100
Withdrawal fee
£0
Inactivity fee
£15 once + £5 monthly
FxPro offers traders a wide range of investment products, including 70 currency pairs, as well as over 2000 different stocks.
Note: 76.6% of retail investor accounts lose money when trading CFDs with this provider.
Compare the Best MetaTrader 4 Brokers
To help you make informed trading decisions, we’ve compiled a comparison of the top MetaTrader 4 brokers in the UK. The table below highlights key features, so you can quickly identify which broker best suits your trading style and goals.
Credit and Debit cards, Bank transfer, BPay, Poli, PayPal, Neteller, Skrill, PayTrust, FasaPay, Online Pay, and Broker to Broker
Bank transfer, Credit/debit cards, Skrill, Neteller
Credit/debit cards, Paypal, Bank Wire Transfer
Credit/debit cards, e-Wallets, crypto, Bank Wire transfers
Credit or debit cards and Wire transfer
Demo Account
Yes
Yes
Yes
Yes
Yes
Money Insurance
Yes, up to $500,000
No
Yes, up to £85,000
Yes (up to €20,000)
Yes
The Ultimate Guide about Trading with MetaTrader 4
When it comes to using an MT4 broker, it’s imperative to equip yourself with a comprehensive understanding of what an MT4 broker entails, how to initiate your journey, and additional insights that can elevate your trading experience. With decades of trading experience under our belt, we’ve meticulously prepared the following sections to empower your decision-making process.
How To Choose the Right MetaTrader 4 Broker
Selecting the right MetaTrader 4 (MT4) broker is one of the most important steps for anyone trading in the UK. The broker you choose affects not only your trading costs but also the safety of your funds and the reliability of your platform. Below are the main factors to consider before opening an account.
Security is just as important as regulation when choosing an MT4 broker. Reputable firms are always FCA regulated and provide cover under the Financial Services Compensation Scheme (FSCS) to protect client funds. On the platform side, you should expect SSL encryption, data encryption, and client fund segregation as standard safeguards.
Leading brokers also add negative balance protection, regular security audits, and penetration testing to maintain system integrity. Reliable execution speed and downtime protection are equally vital, ensuring trades are processed quickly and markets remain accessible even during high volatility. Together, these measures confirm strong regulatory compliance and a safe trading environment.
Understanding a broker’s fee structure is essential. MT4 brokers may charge spreads, commissions, transaction fees, overnight swap fees, inactivity fees, or withdrawal charges. Some offer raw spread accounts or swap-free accounts for specific trading strategies.
Even slight differences in spreads or round-turn commission fees can significantly affect profits, particularly for active traders. Comparing fees carefully and choosing a broker whose pricing aligns with your goals helps you manage costs effectively.
Although MT4 is a standardised platform, many brokers customise it by adding tools, indicators, or research features. It is worth testing how user-friendly the platform feels, whether it runs smoothly, and if it includes extras like automated trading functions or advanced charting. Stability and usability should be priorities.
A diverse range of instruments is essential for building a strong portfolio. The best MT4 brokers give access not only to forex pairs but also to commodities, indices, shares, and, in some cases, cryptocurrencies. A wide asset selection allows you to diversify and spread risk more effectively.
Look into how deposits and withdrawals are handled. A good broker offers reliable options such as credit and debit cards, e-wallets, and bank transfers. It is also worth checking how quickly withdrawals are processed and whether any additional fees apply.
Effective customer support can make a significant difference, especially in fast-moving markets. Ideally, the broker should offer several contact methods, including live chat, email, and phone. Quick and clear responses help ensure that issues do not interfere with trading.
Finally, a demo account should always be available. This allows you to test the broker’s MT4 platform in a risk-free setting, practise with virtual funds, and confirm that execution speeds and features match expectations before trading with real money.
What is an MT4 Broker?
An MT4 broker is a trading provider that gives you access to the MT4 platform, one of the most popular tools in forex trading. Launched in 2005 by MetaQuotes, MT4 is known for its user-friendly interface, advanced charting, over 30 technical indicators, and support for automated trading systems via the MQL4 programming language.
MT4 brokers don’t just cover forex. They also allow trading in commodities, indices, shares, and cryptocurrencies. Traders can access MT4 through the desktop platform, WebTrader, or mobile trading platform, ensuring flexibility and convenience.
The platform provides essential market analysis tools, a variety of order types, and customisable templates. Features like depth of market visibility, fast trade execution speed, and integration with expert advisors help traders analyse markets, manage risk, and develop tailored strategies. With these capabilities, MT4 brokers equip traders of all levels to trade confidently and efficiently.
MT4 vs MT5 and Other Trading Platforms
When exploring brokers that support MT4, it’s helpful to understand how this platform compares to other trading platforms available in the UK. While MT4 is the focus of our guide, alternative platforms may offer additional features or enhanced tools, which can help traders find the best fit for their strategy and experience level.
MetaTrader 4 (MT4)
MT4 remains a widely used platform for forex and CFD trading due to its user-friendly interface, reliable trade execution, and automated trading capabilities. It supports Expert Advisors (EAs) using the MQL4 programming language, providing a way for traders to implement automated strategies.
The platform includes customisable charts, technical indicators, and multiple order types, including market, limit, stop, and trailing stop orders. It is accessible on desktop, web, and mobile devices, allowing traders to monitor and execute trades anywhere.
MetaTrader 5 (MT5)
MT5 is the next-generation version of MT4, designed to expand its functionality. MT5 supports trading across a wider range of assets, including stocks, commodities, indices, and cryptocurrencies. Plus, it provides additional timeframes for more detailed market analysis.
The platform includes an improved strategy tester for backtesting automated systems and enhanced order management. It also supports the MQL5 programming language for more sophisticated algorithmic trading. MT5 is well-suited for traders who want to diversify beyond forex and take advantage of more advanced trading tools.
cTrader
cTrader offers a modern and transparent trading environment, focusing on precision and advanced charting. Its intuitive interface provides detailed charts with many technical indicators, and it includes advanced order types such as buy/sell stop limit.
cTrader also supports algorithmic trading through C# programming and offers the cTrader Copy feature. This makes it easier for traders to follow and replicate the strategies of experienced professionals. The platform is ideal for traders who prioritise order execution transparency and in-depth market insights.
TradingView
TradingView is primarily a charting and analysis platform rather than an execution platform. It provides interactive charts, technical indicators, and drawing tools to help traders plan and refine their strategies.
TradingView also offers a social trading element, allowing users to share trading ideas and learn from the community. Some brokers integrate TradingView with their trading systems, enabling trades to be executed based on analysis done in TradingView. It is best for those who focus on technical analysis and strategy development rather than direct trade execution.
MetaTrader 4 Perspectives
When using MetaTrader 4, traders can approach the markets from three main perspectives: technical analysis, fundamental analysis, and sentiment analysis. Combining these methods gives a fuller view of market conditions and can improve decision-making.
Technical Analysis on MT4
MT4 is widely used for technical analysis. The platform includes charts, drawing tools, and over 30 built-in indicators such as moving averages and RSI. Traders can also build custom indicators in MQL4, making it easier to spot patterns, trends, and support or resistance levels.
Fundamental Analysis on MT4
Many traders use MT4 alongside economic data to apply a fundamental approach. Key factors like GDP, inflation, and interest rates are considered to understand the drivers of price movement and to plan trades around news events.
Sentiment Analysis on MT4
Sentiment analysis focuses on how traders and the wider market feel. By monitoring news, market updates, and sentiment tools, traders can gauge whether markets are bullish or bearish. MT4 supports custom tools and expert advisors that integrate sentiment signals into automated strategies.
5 Quick Steps To Start Trading with MetaTrader 4 Broker
Starting your journey with a MetaTrader 4 (MT4) broker in the UK does not need to feel overwhelming. MT4 is one of the most widely used trading platforms worldwide because of its simple layout, custom charts, and powerful tools. If you are completely new to trading, here’s a step-by-step guide that breaks down exactly what you need to do.
Step 1: Choose a Trusted MT4 Broker
Step 2: Open a Trading Account
Step 3: Download and Install MetaTrader 4
Step 4: Fund Your MT4 Account
Step 5: Start Trading on MT4
The first and most important step is selecting a regulated MetaTrader 4 broker in the UK. Always look for brokers authorised by the Financial Conduct Authority (FCA), as this ensures your money is protected under strict rules. A regulated broker also gives you access to features such as segregated client accounts and secure payment processing.
Additionally, understand the broker’s terms of service to avoid future surprises. And if you are always on the move, install the MT4 broker’s app on your mobile device for efficient activity management.
Once you’ve chosen a broker, you’ll need to register for a trading account. This usually involves filling out an online form with your name, email, and phone number. Because brokers in the UK must follow FCA rules, you’ll also be asked to verify your identity by uploading documents such as a passport or driver’s licence. This step is standard and ensures your account is secure.
After your account is approved, download the MetaTrader 4 platform from your broker’s official website. MT4 can be installed on a desktop (Windows or Mac), accessed through a web browser, or downloaded as a mobile app. The installation process is quick and will give you access to MT4’s trading tools, including live charts, technical indicators, and one-click trading.
Before placing trades, you need to add money to your account. Most UK MT4 brokers allow deposits through bank transfer, debit/credit cards, and secure e-wallets like PayPal or Skrill. Check your broker’s minimum deposit requirement, as this varies between platforms. Some beginner-friendly brokers let you start with as little as £50, while others may require more.
Now that your account is funded, log in to the MetaTrader 4 trading platform with the credentials provided by your broker. Spend some time exploring the platform: customise your charts, test different indicators, and practise entering trades.
If you’re new, it’s best to start with a demo account, which lets you trade using virtual money in real market conditions. This way, you can build confidence without risking your own funds. Once you feel ready, switch to your live account and begin trading with real money.
Pros and Cons of Trading with MT4
MetaTrader 4 is a versatile platform, but like any trading tool, it comes with its own set of advantages and drawbacks.
Pros
A user-friendly and customisable trading platform that is easy to navigate
Accessible 24/7 via desktop, web, and mobile platforms, thus allowing you to trade from anywhere in the world
It offers various technical indicators, charts, and tools, facilitating in-depth market analysis
Supports numerous financial instruments, including forex, indices, commodities, and more
MT4's automated trading capabilities allow for algorithmic strategies, reducing manual workload and emotions in decision-making
Cons
Unstable execution speed, especially for high-frequency trades
The effectiveness of MT4 relies on broker support. Not all brokers provide the same level of service and features
FAQs
Can I use MT4 without a broker?
No. Since MT4 is a trading platform that offers many technical tools and trading charts for market analysis, you cannot use MT4 without a broker. However, you need a reliable MetaTrader 4 broker, like the ones we recommend above. This means that they must be highly regulated by top-tier authorities, including the Financial Conduct Authority (FCA).
Is MetaTrader 4 or Metatrader 5 better?
While all the platforms are world-class, they were all designed to serve different purposes. The MetaTrader4 is specifically designed for retail forex investors, whereas the MetaTrader5 is more updated in that it allows access to CFDs, stocks, and futures. That said, MetaTrader 5 is better than MetaTrader 4 because it is more powerful and widely used compared to MetaTrader 4.
How do I link my broker to MT4?
First, you need to have MetaTrader 4 from the MetaQuotes website. Then, proceed to open a new trading platform where you will log in using your broker’s details and have access to various tradable markets.
What is cTrader, and how is it different from MT4/MT5?
cTrader is a modern trading platform focused on fast execution, advanced charting, and transparency. Unlike MT4 or MT5, it has a different interface and order management system, often preferred by traders who want precision and flexible charting tools.
How do I open a real account on MetaTrader 4?
You will either need a MetaTrader 4 broker or head over to the MetaQuotes website and download the MT4 software. Note that you cannot execute trades on MetaTrader 4 without a broker, so after you create a trading account with your broker, use the same details to log into your MetaTrader 4 account and start investing.
Can I use TradingView with MT4 or MT5?
Yes. Some brokers integrate TradingView for charting and analysis while allowing trades through MT4 or MT5. This lets traders benefit from TradingView’s advanced visual charts alongside MT4/MT5’s execution and automation capabilities.
Conclusion
Choosing the right MetaTrader 4 broker is the first step to trading success in the UK. The brokers listed here combine security, powerful tools, and intuitive platforms, giving you everything you need to start trading with confidence.
Take advantage of demo accounts to explore each platform and develop your strategy without risking real money. Once you find the broker that fits your style, you can trade knowing your decisions are backed by a reliable, regulated platform.
Ultimately, the right MT4 broker doesn’t just let you trade. It helps you grow as a trader, make informed decisions, and navigate the markets with clarity and control.
How we test?
Our evaluation and testing process is thorough and exhaustive. First, we conduct extensive research. Our experts visit each broker’s official site and assess every offering. Then, we go to credible review sites like Trustpilot, Google Play, and the App Store and read user testimonials and feedback. After research, our experts proceed to the next step: testing.
The testing phase is critical in determining if brokers deliver as promised. We used demo and live accounts to vet available trading platforms, tools, and other resources. While doing so, our experts strive to identify the most pronounced strengths and weaknesses.
Why do we do all that? It’s simple. You are a valued member of the TradingGuide family, and we are committed to doing everything in our power to ensure you have access to the best brokers. Find out more about our test process here.
Thadeus Geodfrey
Is a regular dad trying to be smart about how we play and win in this big game of life. He has worked within the very best of the financial industry producing numerous training resources. He is an experienced copywriter with immense financial background. Now earns a full time living as a Trader, and as our writer.
His articles help everyday families build sustainable wealth, stop stressing about their financial security, and start living the life they’ve always wanted.
If he is not trading or writing, he is at the gym.
We may receive compensation from our partners for placement of their products or services, which helps to maintain our site. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products.
