Best brokers for MetaTrader in 2024

Written by
Krisztián G.
Fact checked by
Tamás D.
Updated
May 2024

Find below the strengths of the best Metatrader brokers available in the United States, updated for 2024:

  1. Fusion Markets is the best MetaTrader broker in 2024. - 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. Offers standard and raw spread accounts.
  3. FXTRADING.com - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
  4. Pepperstone - Fast and fully digital account opening. Seamless and free deposit and withdrawal. Great educational materials.
  5. Tickmill - Low forex fees. Fast and easy account opening. Free deposit and withdrawal.
  6. FP Markets - Low forex fees. Easy and fast account opening and funding. Great education tools.
  7. Axi - Low forex fees. No withdrawal/deposit fees. Fully digital account opening.
  8. GO Markets - Low forex fees. Fast account opening. Great educational tools.
  9. Global Prime - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
  10. FxPro - Superb account opening process. Great customer service. Free deposit and withdrawal.
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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
MT4 available
MT5 available
Fusion Markets
IC Markets
FXTRADING.com
Pepperstone
Tickmill
FP Markets
Axi
GO Markets
Global Prime
FxPro
Best MetaTrader brokers key data compiled for May 2024

Popularity of the best MetaTrader brokers

Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.

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

Broker
EURUSD spread
GBPUSD spread
Fusion Markets
0.0
0.0
IC Markets
0.0
0.0
FXTRADING.com
0.1
0.3
Pepperstone
0.1
0.2
Tickmill
0.2
0.3
FP Markets
0.1
0.2
Axi
0.2
0.6
GO Markets
0.2
0.4
Global Prime
0.1
0.2
FxPro
1.4
1.6
Fees at the top MetaTrader brokers in May 2024
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.

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.

Broker
Account fee
Inactivity fee
Fusion Markets
IC Markets
FXTRADING.com
Pepperstone
Tickmill
FP Markets
Axi
GO Markets
Global Prime
FxPro
Service fees at the top Metatrader brokers in May 2024

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
Mobile app score 3.3 stars
Minimum deposit $0
Deposit methods Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku
Read review For a detailed analysis of Fusion Markets services, check out our review for 2024.

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

Visit broker
70.64% of retail CFD accounts lose money

IC Markets snapshot
Mobile app score 3.3 stars
Minimum deposit $200
Deposit methods Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna
Read review For a detailed analysis of IC Markets services, check out our review for 2024.

Recommended for forex traders who prefer the MetaTrader platform

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

FXTRADING.com snapshot
Mobile app score 3.8 stars
Minimum deposit $50
Deposit methods Bank transfer, Credit/debit cards, PayPal, Neteller, UnionPay, USDT
Read review For a detailed analysis of FXTRADING.com services, check out our review for 2024.

Recommended for forex traders looking for great account opening and customer service

Visit broker
75.2% of retail CFD accounts lose money

Pepperstone snapshot
Mobile app score 3.3 stars
Minimum deposit $0
Deposit methods Bank transfer, Credit/debit cards, POLi, BPay, PayPal, Neteller, Skrill, Union Pay, MPESA+FaceID
Read review For a detailed analysis of Pepperstone services, check out our review for 2024.

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

Visit broker
70% of retail CFD accounts lose money

Tickmill snapshot
Mobile app score 3.3 stars
Minimum deposit $100
Deposit 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 2024.

Recommended for forex and CFD traders familiar with the MetaTrader and IRESS trading platforms

Visit broker
72.5% of retail CFD accounts lose money

FP Markets snapshot
Mobile app score 3.8 stars
Minimum deposit $50
Deposit methods Bank transfer, Credit/debit cards, Neteller, Skrill, China Union Pay, BPay, PoliPay, Fasapay, Ngang Luong, PayTrust, PayPal, Interac, Dragonpay
Read review For a detailed analysis of FP Markets services, check out our review for 2024.
Axi Logo

Axi

Recommended for forex traders familiar with the MetaTrader 4 platform

Visit broker
76.3% of retail CFD accounts lose money

Axi snapshot
Mobile app score 3.3 stars
Minimum deposit $0
Deposit methods Bank transfer, Credit/debit cards, Neteller, Skrill, Sofort, GiroPay, iDeal, Polish Internet Banking, Global Collect, China Union Pay
Read review For a detailed analysis of Axi services, check out our review for 2024.

Recommended for forex traders who like the MetaTrader platform

Visit broker
62% of retail CFD accounts lose money

GO Markets snapshot
Mobile app score 3.3 stars
Minimum deposit $0
Deposit methods Bank transfer, Credit/debit cards, Skrill, Neteller, DotPay, Bpay, PayID, dotpay, checkout, Worldpay
Read review For a detailed analysis of GO Markets services, check out our review for 2024.

Recommended for forex and CFD traders who are familiar with the MetaTrader trading platforms

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

Global Prime snapshot
Mobile app score 3.3 stars
Minimum deposit $0
Deposit methods Bank transfer, Credit/debit cards, PayPal, Neteller, Skrill, GATE8, DragonPay, VNPay, PromptPay, Bpay, POLi, AstroPay, Interac, PayID, Perfect Money, XPay, Rapyd, BinancePay, Jeton, Mifinity, FasaPay, Pagsmile
Read review For a detailed analysis of Global Prime services, check out our review for 2024.

Recommended for forex and CFD traders looking for a broker with great account opening and who are familiar with the MetaTrader platform

Visit broker
74% of retail CFD accounts lose money

FxPro snapshot
Mobile app score 3.8 stars
Minimum deposit $100
Deposit methods Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller
Read review For a detailed analysis of FxPro services, check out our review for 2024.

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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 600 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 60,000 data points overall.

FAQ

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.

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 2024:

  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. Offers standard and raw spread accounts.
  3. FXTRADING.com - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
  4. Pepperstone - Fast and fully digital account opening. Seamless and free deposit and withdrawal. Great educational materials.
  5. Tickmill - Low forex fees. Fast and easy account opening. Free deposit and withdrawal.
  6. FP Markets - Low forex fees. Easy and fast account opening and funding. Great education tools.
  7. Axi - Low forex fees. No withdrawal/deposit fees. Fully digital account opening.
  8. GO Markets - Low forex fees. Fast account opening. Great educational tools.
  9. Global Prime - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
  10. FxPro - Superb account opening process. Great customer service. Free deposit and withdrawal.

Want to understand the MetaTrader platforms in more detail?

Check out these articles written by our brokerage and trading experts:

Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

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.

author image
Krisztián Gátonyi
Author of this article
I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.
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