Regulated brokers offering the classic MT4 platform — the biggest ecosystem of tools and expert advisors. Free demos included.
6 regulated brokers ranked for this, each with a free demo. Rankings reflect our editorial criteria — verify the details before you deposit.
Ultra-fast withdrawals and tight spreads, huge in Asia.
Raw spreads and deep liquidity for cost-sensitive traders.
CFDs are complex instruments with a high risk of losing money rapidly.
AI-assisted CFD platform with a $20 start and great education.
CFDs are complex instruments with a high risk of losing money rapidly.
Low-cost trading with local funding loved across SE Asia.
Trading involves substantial risk and may not be suitable for everyone.
Beginner-friendly with generous education and micro accounts.
Established multi-regulated broker with pro-grade execution.
CFDs are complex instruments with a high risk of losing money rapidly.
MT4 has been the default retail trading platform for over fifteen years, and that longevity is the reason to choose it: the largest library of indicators and expert advisors, and the greatest chance that a tutorial matches your screen. Every broker below offers MT4 and a free demo — the platform costs nothing, so what you are really picking is the broker behind it.
Choose MT4 if you depend on a specific third-party indicator or expert advisor, if you are learning from material written for it, or if you only trade forex and metals and want the lightest possible terminal. Choose MT5 if you want stocks and futures in the same platform, more timeframes, or its newer automation. The two are not compatible — an MT4 EA will not run on MT5, and that incompatibility is the single most common reason people end up back on MT4 after switching.
MT4's EA ecosystem is its biggest advantage and its biggest trap. A backtest is not evidence: most published EAs are curve-fitted to historical data and fall apart on live spreads and slippage. If you buy or download one, run it on demo through at least one losing month before it sees real money, and check that your broker's entity permits automation at all. An EA that only works on a 0.0-pip demo spread does not work.
MT4 downloaded from MetaQuotes is an empty terminal. It needs a server address and login from a broker before it shows prices or accepts orders. Open a free demo with one of the brokers above and use the credentials they email you. If someone is selling 'MT4 with signals' as a bundled product, remember the terminal itself is free from every broker on this page.
Since the software is the same, compare the things that are not: all-in cost at your lot size (spread plus commission plus overnight financing, not the banner number), which legal entity onboards you and whether it appears on any regulator's alert list, and how fast a real withdrawal clears. Test that last one by funding the minimum and withdrawing it in full before you size up.
MetaTrader 4 is ageing, no longer actively developed, and still the most widely supported trading platform in the world. It survives on one thing: an enormous ecosystem of Expert Advisors, custom indicators and community scripts built up over nearly two decades.
If you're not running robots or specific community indicators, MT5 does everything MT4 does and more. Choose MT4 for the ecosystem, not out of habit — and be aware you're picking a platform its own maker has stopped developing.
You're choosing a platform in maintenance mode for the sake of its add-ons. That's a reasonable trade if you use them, and a bad one if you picked MT4 because it's what a YouTube tutorial used.
Free · no deposit · most beginners lose money trading real funds