Best Forex Demo Account Opening a demo account with a forex broker is recommended for new traders or those looking to test trading strategies with automation.

Written by Justin Grossbard Written by Justin Grossbard Co Founder. Edited by Justin Hertzberg Edited by Justin Hertzberg Forest Park FX President. Reviewed by Riley Adams Reviewed by Riley Adams Senior Trading Editor. Fact Checked We double-check broker fee details each month which is made possible through partner paid advertising.

Learn more this here. Best Demo Accounts For Forex Trading Our list of the top demo account based on the trading platform experience are. Pepperstone - Best Forex Demo Account With MetaTrader 4 IC Markets - Top CFD Demo Account With MetaTrader 5 Plus - Top Demo Account For Novice Forex Traders eToro - Top Demo Account For Social And Copy Trading FXCM - Good Demo Account Charting NinjaTrader Package Oanda - Top Demo Account For Unlimited Forex Trading IG - Great Forex Demo Account For UK Traders ThinkMarkets - Good Demo Account For Mobile Trading TD Ameritrade - Best Forex Demo Account For US Traders.

Visit Site. Our Rating. Review Of Pepperstone. Review Of IC Markets. Review Of Plus Review Of eToro. Review Of FXCM. ASIC Australia. FCA UK. MAS Singapore. FSCA South Africa. CYSEC Cyprus. IIROC Canada. FMA New Zealand. DFSA Dubai. BaFin Germany. FSA Seychelles. SCB Bahamas. Raw Spread. Commissions USD Base.

Minimum Deposit. Swap Free Account. No Inactivity Fees. Funding Methods. No Funding Fees. Currency Pairs. Index CFDs. Share CFDs. Commodities CFD. Retail Max Leverage Australia. Max Leverage Australia. Retail Max. Leverage The United Kingdom. Leverage Europe. Leverage UAE. Leverage Canada. Leverage Singapore. Leverage Kenya. Leverage South Africa. Leverage With offshore regulators. MetaTrader 4 MT4.

MetaTrader 5 MT5. Proprietary Platform. Automated Trading. Standard Stop Loss. Guaranteed Stop Loss. Demo Account. All information on this page is general in nature only. We do not provide investment advice or trading advice.

wanting to learn the mt4 or mt5 trading platform. been using Nadex….. it is indicative and numbers do not match on tradingview charts….. I have no knowledge of what the leverage means on the mt4 broker…….

I just need a broker with video to learn for a beginner trader of forex and indices. While spreads between brokers should be similar, it will depend on the liquidity providers they are using.

So it makes sense the NADEX platform doest not match those on other major trading platforms. We use cookies to ensure you get the best experience on our website.

By continuing to browse you accept our use of cookies. Best Forex Brokers In USA Low Spread Forex Brokers Low Commission Forex Brokers Best Offshore Forex Brokers Best Forex Demo Account High Leverage Forex Brokers. Best Forex Trading Apps Automated Forex Software Micro Currency Platforms Best Copy Trading Platform Best MT4 Forex Brokers Best MT5 Forex Brokers.

OANDA Review Interactive Brokers Review AvaTrade Review Forex. com Review Eightcap Review Fusion Markets Review. Home » Best Forex Trading Platform USA » MT4 Brokers in USA.

Best MT4 US Forex Broker Few forex brokers regulated by the NFA or CFTC offer the MetaTrader 4 forex trading platform or forex trading. Written by Justin Grossbard Written by Justin Grossbard Co Founder. Edited by Laura Wolfe Edited by Laura Wolfe. Reviewed by Riley Adams Reviewed by Riley Adams Senior Trading Editor. Fact Checked We double-check broker fee details each month which is made possible through partner paid advertising.

Learn more this here. US Forex Brokers MT4 List Our November Best MetaTrader 4 USA brokers are. OANDA - Best MT4 Forex Broker For US Traders IG US - Great For New Traders Forex. com - Has Low Trading Costs. Visit Site. Our Rating. Review Of OANDA. com review. Review Of IG. NFA or CFTC USA. Commissions USD Base. Minimum Deposit. Swap Free Account.

No Inactivity Fees. Funding Methods. No Funding Fees. Currency Pairs. Index CFDs. Share CFDs. Commodities CFD. Retail Max. Leverage USA. MetaTrader 4 MT4. MetaTrader 5 MT5. Proprietary Platform. Automated Trading. Standard Stop Loss. Guaranteed Stop Loss. Demo Account. OANDA Is the Best MT4 Broker for US Traders OANDA is one of the industry leaders for forex trading, with over 25 years in business and a sizable international presence.

Specifically, US forex traders benefit from: Depth of market pricing and spreads as low as 0. The smaller the order size, the tighter the spread. This allows clients to execute trades directly from the interface, use intraday market scanning tools, and set up automated alerts for specified patterns; Access to MT4 open order indicator.

OANDA Trading Accounts American forex traders have the option of two account types with OANDA, both of which execute trades through a dealing desk with the broker acting as a market maker.

Spread Only Pricing. Variable spreads start at 0. Core Pricing. Traders pay a commission of USD OANDA Minimum Deposits and Funding OANDA makes the process of opening and funding a live trading account cost-effective and straightforward.

EUR, GBP, USD, JPY, NZD, AUD and CHF are among the major currency pairs available through OANDA. OANDA: Our Verdict Above-average execution speeds, an impressive array of extras and premium features and low spreads for MT4 users make OANDA the logical choice for US forex traders committed to the MetaTrader family of platforms.

IG Is Great for New Traders IG US Sometimes known as IG Markets US is part of IG Group, a global financial services provider established in , publicly traded, and listed on the London Stock Exchange LSE. A demo account can be opened in a desktop platform, as well as in the MetaTrader 4 mobile applications:. Creating a demo account is the best way to start mastering the MetaTrader 4 platform and trading in the currency markets.

Start now! Trading Platform MetaTrader 4 Download Forex Trading and Orders Technical Analysis Alerts and News Virtual Hosting VPS Web Trading Automated Trading Expert Advisors and Indicators Where to Get a Robot or Indicator MQL4 IDE MQL4 Programming MetaEditor Strategy Tester MQL4. A demo account can be opened in a desktop platform, as well as in the MetaTrader 4 mobile applications: Creating a demo account is the best way to start mastering the MetaTrader 4 platform and trading in the currency markets.

Trading Platform Mobile Trading Market Signals Automated Trading Download For Brokers Company Legal MetaQuotes is a software development company and does not provide investment or brokerage services. Copyright , MetaQuotes Ltd. Become a broker with MetaTrader 5 platform.

Few forex brokers regulated by the NFA or CFTC offer the MetaTrader 4 forex trading platform or forex trading. However, there are a few. We review the best forex brokers with MT4 for US traders to trade spot FX with a leverage of With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally.

Justin achieved Honours in Commerce and has a Master's degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees. Laura is a freelance content writer focused on financial and legal technology, decentralized finance, cryptocurrency and related topics. Prior to beginning her writing career, she worked as an international disputes lawyer specializing in finance and construction cases in Paris, New York and Dubai.

She holds degrees in law from Queen Mary University of London in Paris LLM and New York University School of Law JD , as well as assorted other diplomas in Literature, French and Philosophy from New York University MA and the University of Georgia - Athens BA Hons. As a Senior Financial Analyst for Alphabet with an active CPA, Riley has a vast amount of financial knowledge. He has a Master's Degree in economics at Penn State University and a B.

He also owns the website Young and the Invested providing investing advice for young individuals. Fact Checked. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. Developed and released by Metaquotes Software Corp. in , MetaTrader 4 or MT4 is widely considered to be the gold standard when it comes to forex trading platforms. With 33 technical indicators plus customer indicators , 24 drawing tools, 9 timeframes and automation with Expert Advisors, MT4 has no shortage of trading tools.

This page looks at the best brokers MT4 brokers in the USA. OANDA is one of the industry leaders for forex trading, with over 25 years in business and a sizable international presence. As of this writing, this top broker has offices in Singapore, Australia, Japan, the UK, Germany, Poland, Malta and Canada. We consider OANDA the best MT4 broker for US traders based on both the overall trading experience and the commitment to providing MT4 traders with the platform integrations and add-ons necessary to create a truly custom trading environment.

Key Strengths. OANDA offers MetaTrader 4 users access to a number of powerful enhancements, including additional technical indicators and Expert Advisors EAs.

Because OANDA customer support representatives are, themselves, traders, the team provides more comprehensive and nuanced solutions to difficulties account holders may encounter navigating the platform.

OANDA uses price improvement technology to give forex traders using MT4 an advantage in the market. These systems review high volumes of trade data second by second to guarantee ultra-fast and intelligent routing for optimal prices and low slippage.

American forex traders have the option of two account types with OANDA, both of which execute trades through a dealing desk with the broker acting as a market maker. Our take: beginner traders may prefer the predictability of a Spread Only account, while scalpers and algorithmic traders may find the Core Pricing account easier on the wallet. OANDA makes the process of opening and funding a live trading account cost-effective and straightforward.

OANDA does not require a minimum deposit to open an account, and allows American account holders to fund their accounts via debit card, ACH transfer and wire transfer.

Regardless of how the account receives funds, OANDA charge account holders no fees for deposits or withdrawals. In addition to ten major pairs, the broker offers 58 minor, exotic and cross pairs for a total of 68 currency combinations for trading. Above-average execution speeds, an impressive array of extras and premium features and low spreads for MT4 users make OANDA the logical choice for US forex traders committed to the MetaTrader family of platforms.

For this reason we consider OANDA the best US forex broker to trade forex. IG US Sometimes known as IG Markets US is part of IG Group, a global financial services provider established in , publicly traded, and listed on the London Stock Exchange LSE. IG US cater to the needs of many traders, from beginner traders looking to test the waters before jumping into live trading, to the active trader seeking to gain access to a wide selection of currency pairs and other financial markets with lower trading costs.

IG uses a market maker trading model, which means spreads are wider than ECN brokerages. While the spreads are wider, this does not mean they are more expensive on the Forex spreads front since commission costs are included in the spread as your trading fee.

You can choose from a range of currencies as your account currency. There are 87 major, minor and exotic Forex pairs available to trade. These pairs are divided into the following categories — Major, Minor, Exotics, Australian, Scandinavian and Emerging. So chances are IG US has the forex pair you are looking for. Developed based on decades of experience with retail trading, the IG trading platform includes 32 indicators, 20 drawing tools and advanced market research.

ProRealTime, is charting software for traders wanting extra technical analysis tools and the ability to automate trading. While the IG encourage you to use their proprietary trading platform, using MT4 does provide some advantages. These include the ability to automate your trade through Expert Advisors and create custom indicators. With IG US, USA-based Forex traders can enjoy a plethora of benefits when using the MetaTrader 4 platform. The most important ones include:.

US clients will also be able to access the 18 additional technical indicators and trading tools, which IG offers on the live MT4 platform version. Just note that there are certain differences between the live retail investor accounts and the demo account, which are as follows:.

Overall, IG US LLC is ranked as one of the best MetaTrader 4 FX brokers in the USA. Established in , FOREX. com is a trading name of GAIN Capital Holdings, an entity that NASDAQ-listed StoneX Group gained in February This broker is among our best Forex brokers that offer online trading services to US residents for its excellent range of tradable assets on the MetaTrader 4 platform.

View Forex. com only offers one account type to traders using MetaTrader 4. This account is a standard account. com uses a market maker model, meaning commission costs are included as part of the spread.

To use this account, Forex. Note: There is a commission account and STP Pro account, but these are not available with MetaTrader 4 platform. Like all brokers on this list, max leverage for retail clients is capped at as per CFTC rules. Spreads are variable and start from 0. US traders can also have peace of mind with FOREX. com trading platform and Ninja Trader. com does offer a number of handy features such as 80 charts technical indicators and drawing tools through the TradingVIew engine.

It also has Smart Signals which make recommendations on when to trade and a trading coach in Performance Analytics. Ninja Trader allows automated trading with no code. It also comes with market analysis tools and advanced trade management to help with your trading orders. While there are compelling reasons to choose one of the other trading platforms, MT4 is a worthy option. US clients can get the full benefit out of Forex. The MT4 platform is available for PC, web browser and mobile MT4 iOS and Android compatibility.

Besides the standard MT4 features, Forex. com clients can access additional third-party Expert Advisors EAs and technical indicators.

There are nine different EAs, including an alarm Manager and a Correlation Matrix plus 15 technical indicators like Candle Countdown or Chart-in-chart tool all powered by FX Blue. If algo trading interests you then we recommend comparing the best-automated trading software page. Active traders that generate a minimum of k in notional trading volume per month can access free VPS hosting solutions to run EAs uninterruptedly.

Overall, Forex. com offers a comprehensive list of forex pairs that no other US MT4 broker can match. By comparison, OANDA offers roughly 70 FX pairs, IG 80 FX pairs and only 38 FX pairs with ATC Brokers. MetaTrader 4 or MT4 for short is a trading platform that allows you to buy and sell a wide range of assets and derivative products such as forex, stocks, indices and ETFs, cryptocurrencies and commodities such as gold, silver and energies. Since Contracts for difference CFD trading is not permitted by the derivatives regulators of the United States, the NFA and CFTC, MT4 is not well known in the US.

Although CFD trading is not permitted in the US, there are still a few brokers regulated by NFA and CFTC that offer MT4 for trading. The difference is that you will trade using Spot prices, not CFD prices. Spot trading involves buying or selling derivatives such as forex at a current rate.

This means there is a direct exchange of the derivative. CFDs products replicate the movements of the underlying asset. Instead of an exchange of the asset, you receive a contract which is like a representation of its value.

If you really want to trade financial instruments in the USA, this is your best option. Fortunately, MetaTrader 4 is a suitable platform for certain derivatives such as forex, gold, silver and several other commodities. MT4 was developed by MetaQuotes Software Corp in and has since become the platform offered by more than any other broker and used by traders. The sum of all these features contributes to why many consider MetaTrader 4 among the best platforms on the market and explain its enduring popularity.

As part of this page, we look at the best trading brokers regulated by National Futures Association NFA or Commodity Futures Trading Commissions CFTC that offer the MT4 platform. The brokers chosen for this page are all the online brokers we are aware of that offer trading on the foreign exchange market with the MT4 trading platform. These include td AmeriTrade, Trading. com who offer MetaTrader 5 MT5 , Capital. If you are trading leveraged products on the forex market in the US, the best broker you can choose is one regulated by National Futures Association NFA or Commodity Futures Trading Commissions CFTC.

Being regulated by the NFA or CFTC means the broker can legally offer leveraged foreign exchange brokerage services for trading to US residents. It also means you as a trader have an element of protection as the broker must comply with the operating standard set by the regulator.

Key Strengths: Sophisticated technical trading tools Great variety of currency pairs Fast trade execution View Forex. Like all brokers on this list, max leverage for retail clients is capped at as per CFTC rules. Business activity type. Proprietary Platform. The sum of all these features contributes to why many consider MetaTrader 4 among the best platforms on the market and explain its enduring popularity.

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