MetaTrader 4 (MT4) is a popular trading platform equipped with sophisticated financial instruments to analyse the market and make profitable financial decisions. With the trading platform, you can trade Contract For Differences (CFDs) and Foreign Exchange (Forex).
Hence, many financial brokers find it essential to partner with the trading platform to provide their customers with the benefits of the trading platform. With this decision, these brokers can give investors multi-functional trading abilities and technologies, making them market decisions like a pro.
Now, many brokers support the MT4 trading platform, each giving their investors unique benefits. Here is our list of the best MT4 brokers in the UK.
Let’s dive in!
Best UK MT4 Broker in 2023
Many UK brokers use the MT4 platform, but how do you choose the best that suits your investment strategies?
We’ve done the work for you, and our financial experts have curated a list based on the broker’s security, transaction cost, and ease of deposit and withdrawal.
Top MT4 Brokers in a Glance
- IG Broker
- XTB Broker
- CMC Markets
ActivTrades is one of the pioneers of the UK CFD and spread betting industry, providing traders with an electronic platform to trade forex, stocks, commodities, ETFs and more through its proprietary trading platform and MetaTrader 4 . Established in 2001 and authorised by the UK’s Financial Conduct Authority (FCA) and other financial regulatory bodies across all the companies it operates.
Generally, the financial broker has an extensive trading infrastructure for its traders, including the ActivTrader and MetaTrader 4 and 5.
ActivTrades offers the trading service of all its catalogues of over 1,000 CFD and Spread bets of multiple underlying assets to be traded on MT4. It does not only allow its asset trading but also allows the integration of its trading tools that contain up to 50 technical indicators to MT4 to give its traders better trading options.
Also, ActivTrades uses advanced technology, such as automated/scheduled trade, to improve trader’s experience.
In addition, ActivTrades prioritise the education of its traders. It constantly provides educational materials and gatherings such as webinars, regular outlooks, and manuals to keep traders informed.
Check out our ActivTrades review for more details.
|Regulation||FCA, CSSF, SCB, BACEN,CVM, and CMVM|
|Financial asset||Forex, shares, indices, commodities, bonds and ETFs|
|Products||Spread bets and CFDs|
|Trading platform||ActivTrade, MetaTrader 4 and MetaTrader 5|
|Account type||Individual, Professional, and Demo|
Pepperstone is an Australian CFD broker that gives access to over 1,200 CFDs to trade Forex, Commodities, Indices, Shares, and Crypto markets across the globe. Established in 2001 in Melbourne, Pepperstone has harnessed the power of MT4 to provide its traders with an excellent trading platform to make profitable financial decisions.
Pepperstone is regulated by the UK’s Financial Conduct Authority (FCA) and other regulatory bodies in the countries it operates, including Cyprus’ CySEC, Australia’s ASIC, Dubai’s DFSA, Bahama’s SCB, Germany’s BaFin, as well as Kenya’s CMA.
The financial broker boasts of its excellent customer service and low trading fees with free deposit and withdrawal to unlock a trading realm that attracts traders. You can access all its financial instruments with MT4 with any account type you trade.
In addition, Pepperstone Broker caters for its traders’ education by providing educational resources and tools. This also helps newcomers and beginners to navigate the trading platform and make profitable financial decisions.
Check out our Pepperstone review for more details.
|Regulation||FCA, CySEC, ASIC, SCB DFSA|
|Financial asset||Forex, stocks, commodities, and ETFs|
|Products||Spread betting and CFDs|
|Trading platform||MT4, MT5, Tradingview, and cTrader application|
|Account type||Razor and Standard Account|
3. IG Broker
IG is one of the most prominent financial derivative providers that provide access to Forex, shares, commodities, and other financial assets through CFD on MT4. Established in 1974, its parent company has risen to the London Stock Exchange list.
Currently, the financial institution offers more than 18,000 financial assets to traders. As a financial institution in the UK, it’s authorised by the Financial Conduct Authority (FCA) and its operation is covered by the Financial Service Compensation Scheme (FCSC). This authorisation instils a sense of security and reliability.
You can integrate your IG with the MT4 trading platform, access all the financial instruments the broker offers, and trade them as CFDs. The trading platform provides 24/5 support with accountable end-to-end service for the best quality and low-cost experience.
Also, MT4 with IG broker boasts of its 00% server uptime and instant access to 18 add-ons and indicators for a better trader experience. Other features include automated trading and easy-to-edit charts alongside a user-friendly interface.
Check out our IG review for more details.
|Regulation||FCA, BaFIN, FINMA, CFTC, NFA, and ASIC|
|Financial asset||Spread bettings, CFDs, and real shares|
|Products||Forex, stocks, bonds, indices, commodities, ETFs, IPO, sector trading, option and Futures|
|Trading platform||MetaTrader 4ProRealTimeIG Online Platform|
|Minimum deposit||There is no minimum for bank transfer, £250 minimum for PayPal and credit/debit cards|
|Account type||Spread betting account |
CFD trading account
Share dealing account
Smart portfolio account
XTB is a notable CFD broker that uses the MT4 trading platform to execute trades. It operates at a competitive cost with multiple jurisdiction services in the UK and Cyprus. It was established in Warsaw in 2002 and has risen to be listed on the stock exchange.
With the XTB financial platform, you have access to over 2,000 CFDs and a leverage of 1:30 with no requirement for a minimum deposit. In addition to its CFD offer, XTB offers a highly competitive cost structure, and you can use the CFD investment structure to trade stocks, indices, ETFs, commodities, and Forex.
The broker provides two account types, and your choice of account depends on your desired commission fee structure.
On the downside, the broker’s shares and ETFs are only available on the XTB proprietary trading platform (xStation 5 and xStation Mobile). At the same time, it provides access to over 57 forex markets using the MT4 platform. Therefore, you can only trade the XTB forex market on the MT4 trading platform.
Check our XTB review to know more about the financial broker.
|Regulation||FCA and CySEC|
|Financial asset||Shares, ETFs, indices, forex, and commodities|
|Trading platform||ETFs and shares – xStation and XStation MobileForex – MetaTrader 4|
|Account type||XTB Standard account|
AvaTrade is a prominent MT4 trading broker that emerged in 2006 and became a regulated player in the big market. As an FCA-regulated broker in the UK, AvaTrade offers over 1,000 financial instruments, including stocks, ETFs, indices, bonds, cryptocurrencies, forex, and indexes to trade as CFD and spread bets.
AvaTrade is available to all UK and Ireland citizens of age and has all the necessary documents for account verification. And if you’re looking for an MT4 broker with zero commission/trading fee and low spreads, then AvaTrade should be part of your considerations.
Also, you can access the financial market through one or more AvaTrade account types. AvaTrade offers a Standard, Retail, and Professional account and a Demo account to try out your trading strategies before using a live account. The choice of the account depends on your need and risk appetite.
In addition, aside from the MT4 trading platform, AvaTrade has its proprietary trading platforms – AvaOptions and DupliTrades Platform. These platforms offer trades interesting features like copytrading. It gives complete control of trading, just like the MT4.
Although the AvaTrade account is online-based and easy to open, the MT4-broker platform requires a minimum deposit of £100 to start investing. It also charges a monthly inactivity fee of £50, which starts if there’s no activity for three months.
|Regulation|| FCA, Central Bank of Ireland, ASIC|
Other countries: South Africa, Japan, Abu Dhabi, and Isreal
|Financial asset||Shares, ETFs, indices, forex, and commodities|
|Trading platform||ETFs, shares, forex|
|Account type||Standard, Retail, and Profesional account|
6. CMC Markets
CMC Market stands out as one of the most versatile and reliable CFD MT4 brokers, offering investors wide options of over 12,000 CFD financial instruments, including stocks, shares, indices, currencies, and commodities.
Traders have access to the financial market in CFD, Spread Betting, and FX active accounts, each of which serves the purpose for which it was named. You can access the market through these accounts on several trading platforms, including its proprietary Next Generation platform and Mobile app, as well as the MetaTrader 4.
Generally, the CMC market offers very competitive market pricing with low spreads, rebate programs for actively trading individuals, and valuable tools to prevent negative balance and stop loss. Furthermore, the CMC market has a wide range of research and educational resources with a wide range of technical indicators and charting options.
In addition, as a CMC Market trader, your funds and account are safe. The UK’s Financial Conduct Authority regulates the CMC Market, and clients’ funds are in a segregated bank account. The online platform uses two-factor authentication to prevent hackers.
Check out our CMC Market Review for more information.
|Financial asset||Forex, indices, shares, commodities, ETFs, bonds, interest rates|
|Products||CFDs and Spread bettings|
|Trading platform||Next Generation, MetaTrader 4, and Mobile app|
|Account type||CFD accountSpread BettingFX active accountDemo account|
Forex.com is one of the top brokers for a wide currency pair range in the UK. Regulated by the UK’s Financial Conduct Authority, the broker has access to over 90 FX pairs and up to 60 currency pairs.
The broker offers a slightly higher maximum leverage among its competitors. It offers a leverage of 1:50, which is higher than the standard 1:30 leverage other brokers offer.
The forex.com broker platform offers a wide range of accounts, from Standard accounts to MT4, MT5, corporate, and professional accounts.
Aside from the trading cost, the minimum deposit into any broker’s account is £100. Trading cost is built into spreads.
|Regulation||UK’s FCA, US’ NFA and CFTC, Cyprus, CySEC|
|Financial assets||Forex, indices, cryptos, commodities, and shares|
|Products||CFDs and Spread bettings|
|Trading platform||MetaTrader 4, WebTrader|
|Account type||Forex.com Standard account|
MT4 and MT5 account
Commission, Corporate, DMA, STP Pro trading, Professional and Islamic accounts.
How does MT4 Work?
The MT4 trading platform has an administrator, server, and client. MetaTrader manages the administrator and data site. This makes the connection to the financial market and trading details. This simple and real-time system gives traders the necessary information for decision-making.
The broker maintains the server side of the trading platform. This is why you need to connect your broker to the MetaTrader suite. They provide you with a terminal end to use all MT4 functionality.
In addition, the client side of the trading platform is what you see when you open the trading platform. This interface will show all the research tools, analyse the market, and place trade. In general, the client side is where you interact with the market.
As an added advantage on the platform, the MetaTrader trading platform has a free API end that you can configure with custom scripts and build your trading robot. Also, you can add software add-ons to the trading platform. Check out our MetaTrader 4 review for more information about the trading platform.
How is MT4 Broker Differ from MT5
MT5 is the updated version of the MT4, though less popular. The main difference between the MetaTrader version is in the target trader.
MT5 is a multi-threaded platform designed for more experienced traders who want more additional features. While MT4 is very easy for new readers, and it only supports forex assets and CFDs
The MT5 platform allows you to use centralised and non-centralized financial instruments, including stocks, futures, and forex. It has an embedded chat function that is useful for traders to discuss trading strategies.
FAQs about MT4 Brokers
Who Regulates MT4 Broker in the UK?
The Financial Conduct Authority (FCA) regulates all financial and trading activities.
How do I Withdraw from MetaTrader 4?
On the platform, navigate to your account and select ‘withdraw.’ Here, you can withdraw funds to the account you allocated.
Can I use MetaTrader 4 in the UK?
MetaTrader 4 is available in the UK, and brokers maximise the opportunity to offer their investors a trading option for web trading, desktop trading, and mobile trading.
Which Broker is best for MT4?
The best MT4 broker to use for trading depends on your need for a broker. Some brokers are perfect for experienced traders, while some will teach beginners to understand how the financial market works.
The MT4 platform is available for all classes of traders, but brokers help their traders with educational materials for knowledge.