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Best brokers for MetaTrader

Fusion Markets Logo
1st place
Fusion Markets
Visit broker
74-89% of retail CFD accounts lose money
IC Markets Logo
2nd place
IC Markets
Visit broker
74.32% of retail CFD accounts lose money
Axi Logo
3rd place
Axi
Visit broker
73.9% of retail CFD accounts lose money

Top 5 brokers for MetaTrader in the United States in 2023


  1. Fusion Markets is the best MetaTrader broker in 2023. - Low trading and non-trading fees. Fast and easy account opening. Great customer service.
  2. IC Markets - Low forex fees. Easy and fast account opening. Free deposit and withdrawal. Offer standard accounts and raw spread accounts.
  3. Axi - Low forex fees. No withdrawal/deposit fees. Fully digital account opening.
  4. Tickmill - Low forex fees. Fast and easy account opening. Free deposit and withdrawal.
  5. 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.
Save hours of research!
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.

Check out the best brokers in another country

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.

Best MetaTrader brokers key data compiled for February 2023
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

Fees at the top MetaTrader brokers in February 2023
Fusion Markets IC Markets Axi Tickmill TMGM
EURUSD spread 0.0 0.0 0.1 0.2 0.1
GBPUSD spread 0.2 0.0 0.1 0.5 0.3
AUDUSD spread 0.0 0.0 0.4 0.1 0.2
EURCHF spread 0.6 0.0 0.4 0.9 0.4
EURGBP spread 0.3 0.0 0.4 0.4 0.3

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
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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
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And now, let's see the top MetaTrader brokers in detail, starting with the winner, Fusion Markets.

Fusion Markets Logo

#1 Best brokers for MetaTrader
Fusion Markets

Recommended for forex traders looking for low fees and a chance to use the metatrader 4 platform

Visit broker
74-89% of retail CFD accounts lose money

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
IC Markets Logo

#2 Best brokers for MetaTrader
IC Markets

Recommended for forex and cfd traders who value easy account opening and free deposit/withdrawal options

Visit broker
74.32% of retail CFD accounts lose money

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
Axi Logo

#3 Best brokers for MetaTrader
Axi

Recommended for forex traders familiar with the metatrader 4 platform

Visit broker
73.9% of retail CFD accounts lose money

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
Tickmill Logo

#4 Best brokers for MetaTrader
Tickmill

Recommended for forex traders looking for low fees who are familiar with the metatrader 4 platform

Visit broker
76% of retail CFD accounts lose money

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
TMGM Logo

#5 Best brokers for MetaTrader
TMGM

Recommended for forex traders who prefer the metatrader platform

Visit broker
68% of retail CFD accounts lose money

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:

  1. Fusion Markets - Low trading and non-trading fees. Fast and easy account opening. Great customer service.
  2. IC Markets - Low forex fees. Easy and fast account opening. Free deposit and withdrawal. Offer standard accounts and raw spread accounts.
  3. Axi - Low forex fees. No withdrawal/deposit fees. Fully digital account opening.
  4. Tickmill - Low forex fees. Fast and easy account opening. Free deposit and withdrawal.
  5. 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:

Author of this article

Krisztián Gátonyi

Author of this article

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Krisztián Gátonyi

Senior Broker Expert

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Visit Fusion Markets
74-89% of retail CFD accounts lose money
Visit IC Markets
74.32% of retail CFD accounts lose money
Visit Axi
73.9% of retail CFD accounts lose money
Visit Tickmill
76% of retail CFD accounts lose money
Visit TMGM
68% of retail CFD accounts lose money

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