Top 3 MetaTrader 4 Compatible Brokers in 2021

Metatrader broker

With the advancement in global communications and internet connectivity, FX trading can be accessed from almost anywhere. Nowadays currency trading can be done online through a platform called Meta-Trader4. MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005 allowing traders to open market execution (buy or sell) for any currency pair just through one mouse click.

As the number of online brokers increases, FX traders are looking for convenience and efficiency. Realising this, the majority of online brokers have started to integrate their platforms with MetaTrader 4. This list contains some of the best MetaTrader 4 brokers that you can sign up with for a pleasurable trading experience. 

  1. Tickmill

Founded in 2014, Tickmill is a plain vanilla, MT4 compatible broker which offers commission-based pricing for its clients. With more than 85 tradable symbols on offer consisting mostly of FX pairs, Tickmill provides its offerings through three different types of accounts: Classic, VIP and Pro. It also lets traders indulge in copy trading through the AutoTrade feature of Myfxbook for social copy-trading in addition to the native MQL5 Signals market available in MT4.

The broker is backed up by a team of analysts that produce daily technical and fundamental analysis on the company’s blog. It provides a range of trading tools, most notably the Autochartist which is suited for automated technical analysis. It comes under the jurisdiction of the Financial Conduct Authority (FCA). 

  1. VT Markets

Sydney-based VT Markets was founded in 2016 as a subsidiary of Vantage International Group (VIG) and is a Meta Trader only broker. With a total of 129 tradable instruments including 38 FX pairs, VT Markets has a rich offering that appeals to newer traders. It also has a minimum deposit requirement of just $200 allowing for more participation from smaller traders. It provides two types of accounts: a Raw ECN account and a Standard STP account. 

The broker also offers several plugins for MT4 as part of its Pro Trading Tools suite from Trading Central, applicable for traders who deposit at least $1k. It also offers an add-on for MT4 is also available from Trading Central. Because it is compatible with MT4, the broker supports 3rd party signal providers for copy trading, such as Acceage. 

  1. KVB Kunlun

Founded in 2001, Hong Kong-based KVB Kunlun is MT4 compatible and known for its FX and CFD offerings. The broker offers 31 FX pairs and CFDs including for cryptocurrencies. However, residents of the United Kingdom cannot access cryptocurrency CFDs. It provides its own trading interface known as FXStar, developed by the KVB Kunlun’s technology arm, BancLogix. It also offers MetaTrader5 via its UK entity, KVB Prime. 

After its Initial Public Offering on the Hong Kong Stock Exchange (HKSE) in July 2013, KVB Kunlun Financial Group Limited (KVB Kunlun) became a listed FX broker, employing around 29 people and held over $90 million Hong Kong dollars (HKD) in funds. It is a wholly-owned subsidiary of China’s largest investment bank, CITIC Securities.  It is regulated by the Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Securities Futures Commission (SFC), and the Financial Conduct Authority (FCA).

Final Thoughts

With so many brokers in the market, it is up to the trader to conduct due diligence before signing up with one. Make sure your broker is well regulated and has a positive track record before you invest your money in the hopes of profitability. As more and more people discover the potential of online trading, the popularity of online platforms such as MT4 will grow for the foreseeable future. 

About Carson Derrow

My name is Carson Derrow I'm an entrepreneur, professional blogger, and marketer from Arkansas. I've been writing for startups and small businesses since 2012. I share the latest business news, tools, resources, and marketing tips to help startups and small businesses to grow their business.