Intro and winners
Top 5 brokers for MetaTrader in the United States in 2023
- Fusion Markets is the best MetaTrader broker in 2023. - Low trading and non-trading fees. Fast and easy account opening. Great customer service.
- IC Markets - Low forex fees. Easy and fast account opening. Free deposit and withdrawal. Offer standard accounts and raw spread accounts.
- Axi - Low forex fees. No withdrawal/deposit fees. Fully digital account opening.
- Tickmill - Low forex fees. Fast and easy account opening. Free deposit and withdrawal.
- TMGM - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
How did BrokerChooser pick the best brokers for MetaTrader?
- We checked whether the broker is regulated by a trusted regulator,
- Compared fees (including spreads, withdrawal fee, commission),
- We paid special attention to forex fees,
- Checked minimum deposit requirements,
- Opened an account and tested the platform (charting, features, usability) with real money.
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.
BrokerChooser evaluates 9 key areas for all brokers including fees, safety, ease of account opening, education, and trading platforms. We check more than 500 criteria for each broker and finetune our methodology every year based on our own and our users' experiences. We have more than 100 brokers reviewed on our site and our team of analysts examines more than 50,000 data points overall.
Best brokers for MetaTrader
Key features of the best MetaTrader brokers
While many online brokers that work with the MetaTrader platform offer an excellent service, the ones in our toplist go the extra mile.
| Broker | MetaTrader4 available | MetaTrader5 available | Minimum deposit | Account activated in | Credit/debit card deposit |
|---|---|---|---|---|---|
| Fusion Markets | Yes | Yes | $0 | 1 day | Yes |
| IC Markets | Yes | Yes | $200 | 1 day | Yes |
| Axi | Yes | No | $0 | 1-3 days | Yes |
| Tickmill | Yes | Yes | $100 | 1 day | Yes |
| TMGM | Yes | Yes | $100 | 1 day | Yes |
Best brokers for MetaTrader
Trading fees at the best MetaTrader brokers
In most cases, the key broker selection criteria is how much you have to pay for a trade in spreads, commission and other trading costs, so we collected the most important forex spreads in the table below to help with your calculations
| Fusion Markets | IC Markets | Axi | Tickmill | TMGM | |
|---|---|---|---|---|---|
| EURUSD spread | 0.0 | 0.0 | 0.1 | 0.2 | 0.0 |
| GBPUSD spread | 0.2 | 0.0 | 0.1 | 0.5 | 0.3 |
| AUDUSD spread | 0.0 | 0.0 | 0.4 | 0.1 | 0.1 |
| EURCHF spread | 0.6 | 0.0 | 0.4 | 0.9 | 0.3 |
| EURGBP spread | 0.3 | 0.0 | 0.4 | 0.4 | 0.2 |
We collect spreads regularly, please check the tooltip for the date of the data collection.
If you are unsure how brokerage fees work, check out this article on the various fees, charges and costs.
Best brokers for MetaTrader
Service fees at the top MetaTrader brokers
Serivce or non-trading fees are charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.
| Fusion Markets | IC Markets | Axi | Tickmill | TMGM | |
|---|---|---|---|---|---|
| Account fee | No | No | No | No | No |
| Inactivity fee | No | No | Yes | No | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 | $0 | $0 |
Your broker toplist will be selected based on your answers.
Best brokers for MetaTrader
What is a MetaTrader broker?
A MetaTrader broker is an online broker that connects you to MetaTrader, which is a popular trading platform developed by MetaQuotes Software Corp. MetaTrader has two versions: MetaTrader 4 and MetaTrader 5.
MetaTrader 4, released in 2005, is designed primarily for forex trading. MT4 is the most widely used platform in forex trading.
MetaTrader 5, released in 2010, is a multi-asset platform that allows you to trade stocks, bonds, options, and futures besides forex. Note that the platform is like an empty shell, your broker determines which specific products and financial markets you have access to on the platform. MT5 is great for advanced technical analysis and trading strategy thanks to the vast amount of technical analysis tools.
The brokers in our top list provide access to the same trading platform. However, there are differences in pricing or in the number of available markets or products. Therefore, it is important to choose the MetaTrader broker that offers the best conditions for you.
If you want a deeper understanding of how these trading platforms work, check out this detailed analysis of the MetaTrader platforms, tested by our team of experts.
Best brokers for MetaTrader
Get the best brokers tailored to your needs
Didn't find the best broker for you? Answer a few questions and get a personalized broker list!
Your broker toplist will be selected based on your answers.
And now, let's see the top MetaTrader brokers in detail, starting with the winner, Fusion Markets.
#1 Best brokers for MetaTrader
Fusion Markets
Recommended for forex traders looking for low fees and a chance to use the metatrader 4 platform
| Fusion Markets snapshot | |
|---|---|
| Minimum deposit | $0 |
| Mobile app score | 3.8 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Neteller, PerfectMoney, Jaton, PayPal, Mifinity |
| Withdrawal methods | Bank transfer, Credit/debit cards, Neteller, PerfectMoney, Jaton, PayPal, Mifinity |
| Read review | For a detailed analysis of Fusion Markets services, check out our review for 2023 |
#2 Best brokers for MetaTrader
IC Markets
Recommended for forex and cfd traders who value easy account opening and free deposit/withdrawal options
| IC Markets snapshot | |
|---|---|
| Minimum deposit | $200 |
| Mobile app score | 3.8 stars |
| Deposit methods | Bank transfer, Credit/debit cards, PayPal, Neteller, Skrill, UnionPay, Bpay, FasaPay, POLI, Rapidpay, Klarna, Bitcoin wallet |
| Withdrawal methods | Bank transfer, Credit/debit cards, PayPal, Neteller, Skrill, UnionPay, Bpay, FasaPay, POLI, Rapidpay, Klarna, Bitcoin wallet |
| Read review | For a detailed analysis of IC Markets services, check out our review for 2023 |
#3 Best brokers for MetaTrader
Axi
Recommended for forex traders familiar with the metatrader 4 platform
| Axi snapshot | |
|---|---|
| Minimum deposit | $0 |
| Mobile app score | 3.8 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Neteller, Skrill, Sofort, GiroPay, iDeal, Polish Internet Banking, Global Collect, China Unioin Pay |
| Withdrawal methods | Bank transfer, Credit/debit cards, Neteller, Skrill, Sofort, GiroPay, iDeal, Polish Internet Banking, Global Collect, China Unioin Pay |
| Read review | For a detailed analysis of Axi services, check out our review for 2023 |
#4 Best brokers for MetaTrader
Tickmill
Recommended for forex traders looking for low fees who are familiar with the metatrader 4 platform
| Tickmill snapshot | |
|---|---|
| Minimum deposit | $100 |
| Mobile app score | 3.8 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Neteller, Skrill, dotpay, Paysafecard, Sofort, Rapid by Skrill, PayPal |
| Withdrawal methods | Bank transfer, Credit/debit cards, Neteller, Skrill, dotpay, Paysafecard, Sofort, Rapid by Skrill, PayPal |
| Read review | For a detailed analysis of Tickmill services, check out our review for 2023 |
#5 Best brokers for MetaTrader
TMGM
Recommended for forex traders who prefer the metatrader platform
| TMGM snapshot | |
|---|---|
| Minimum deposit | $100 |
| Mobile app score | 3.8 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Paytrust, Neteller, Sticpay, Skrill, Fasapay, UnionPay, RMB Instantm Broker to Broker |
| Withdrawal methods | Bank transfer, Credit/debit cards, Paytrust, Neteller, Sticpay, Skrill, Fasapay, UnionPay, RMB Instantm Broker to Broker |
| Read review | For a detailed analysis of TMGM services, check out our review for 2023 |
Best brokers for MetaTrader
FAQ
Can MetaTrader be trusted?
Yes, MetaTrader is a fully legitimate trading platform used by millions of traders worldwide. A large number of online brokers work with MetaTrader, meaning their clients trade on this platform. MetaTrader has two versions: MetaTrader4 and MetaTrader5. Both are easy to download to a laptop or a mobile phone.
What is the minimum deposit for MetaTrader?
The amount of the minimum deposit will depend on your broker, it is not set by MetaTrader. Some online brokers do not require a minimum deposit when you open an account with them, others do, and the amount typically ranges from $20 to a couple thousand dollars. Note that most brokers require a minimum deposit if you want to open a margin account.
Which is the best Metatrader broker?
These are the top MetaTrader brokers in the world in 2023:
- Fusion Markets - Low trading and non-trading fees. Fast and easy account opening. Great customer service.
- IC Markets - Low forex fees. Easy and fast account opening. Free deposit and withdrawal. Offer standard accounts and raw spread accounts.
- Axi - Low forex fees. No withdrawal/deposit fees. Fully digital account opening.
- Tickmill - Low forex fees. Fast and easy account opening. Free deposit and withdrawal.
- TMGM - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
Want to understand the MetaTrader platforms in more detail?
Check out these articles written by our brokerage and trading experts:
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