Best Brokers For MetaTrader 4 + 5 In USA [MT4 + MT5]

There are 8 apical forex brokers to cognize astir earlier getting started now.

There are 8 USA regulated forex brokers of which 4 connection the astir fashionable trading level (MetaTrader). We compared these 4 providers to find the champion MetaTrader 4 broker and MetaTrader 5 broker based connected each provider's spreads, tradable markets and method features.

Our recommended brokers for the MetaTrader level are:

1. OANDA – Best MT4 Broker In U.S.
2. FOREX.com – Best MT5 Broker In U.S.
3. TastyFx – Best for beginner U.S. traders
4. Trading.com – Great trading app

Who are the champion MetaTrader brokers successful the U.S.?

We recovered that OANDA is the champion broker for MT4, portion Forex.com is the champion MT5 broker. Both of these brokers are nether the jurisdiction of the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA).

1. OANDA – champion MetaTrader 4 broker successful U.S.

We rated OANDA the champion MT4 broker based connected the broker's scope of markets, competitory spreads and lawsuit service.

Low spreads with nary commission

OANDA is simply a low-spread, no-commission forex broker. This means the broker doesn't complaint commission, but instead, marks up the spreads erstwhile trading. This makes it easier to cipher brokerage erstwhile trading and is preferred by astir U.S. forex traders. The array beneath shows OANDA's spreads crossed the six most-traded currency pairs.

Forex Pair	Average spread	Low Range	High Range
EUR/USD	1.5	1.4	1.7
USD/JPY	1.6	1.2	2.0
GBP/USD	1.7	1.5	2.1
AUD/USD	1.2	1.1	1.4
USD/CAD	1.7	1.5	2.0
EUR/GBP	1.4	1.1	1.4

68 Forex pairs disposable to trade

OANDA offers astir 24 hours a day, 5 days a week forex trading connected MetaTrader 4 crossed each the large currency pairs. The nonstop hours of cognition (ET time) are Sunday 17:05 to Friday 16:59. Support channels are disposable during akin times (e.g., telephone support), but it should beryllium noted that LiveChat is disposable 24/7.

When it comes to tradable markets, OANDA offers trading connected each the large forex pairs, astir of the insignificant currency pairs and adjacent immoderate of the exotics. This is perfect for traders looking to commercialized much niche currencies. Leverage disposable for retail traders erstwhile trading large currency pairs is up to 50:1.

Enhanced MT4 level tools

A unsocial diagnostic OANDA offers is its proprietary MT4 plug-in. This is simply a method investigation bundle disposable for U.S. traders to:

1. Set up automated alerts based connected prespecified signifier analysis.
2. Access intraday marketplace scanning.
3. Directly execute trades from the interface.
4. Set up automatic signifier prime and illustration designation indicators.

OANDA's MT4 premium upgrade adds 28 precocious method indicators and tools to heighten trading capabilities. The OANDA Connect plugin provides traders with an analytics dashboard, economical calendar, marketplace quality and sentiment data. These tools are designed to enactment informed decision-making and deeper marketplace insights. 

CompareForexBroker's co-founder Justin Grossbard explained that the Tick Chart Trader instrumentality is simply a highlight. "Tick Chart Trader is perfect for short-term traders seeking speedy entries and exits," helium said. "Swift actions fto you instrumentality vantage of tiny terms movements, important for scalping and akin strategies."

2. FOREX.com – Tight mean spreads

Through FXBlue, FOREX.com adds 9 Expert Advisor (EA) bots to MetaTrader 4 and 5, positive 4 further features. This, combined with debased mean trading costs, makes Forex.com an fantabulous choice. The broker offers Raw and Standard Accounts connected MT5, but lone Standard connected MT4.

Using MetaTrader platforms with Forex.com

FOREX.com offers MetaTrader 4 and 5, extending some with third-party plug-ins. Plug-ins see Capitalise.ai and its in-house FXBlue add-ons.

Capitalise.ai lets you make automated trading strategies utilizing plain English, with nary coding required. Simply archer the instrumentality what you want, similar introduction requirements oregon hazard absorption rules, and it creates the algorithmic trading robots for you.

FOREX.com besides offers 4 unsocial features, positive 9 further EAs done their FXBlue package. This includes the Sentiment Trader EA, delivering unrecorded sentiment information from FXBlue's different users.

You besides person the Correlation Matrix, a color-coded notation of unrecorded correlations. Coupled with FOREX.com's Correlation Trader, this makes uncovering divergences betwixt assets overmuch simpler.

Low spreads

Forex.com offers a Standard Account and a Raw Account. MT4 traders tin lone usage the Standard Account.

On the Standard Account, the broker is the marketplace maker, truthful they acceptable the spreads. Fortunately, these spreads are reliably tight. Across the 5 astir communal pairs, the broker averaged 1.72 pips – amended than the manufacture standard. You should beryllium capable to support trading costs debased with this account, particularly arsenic there's nary commission.

The Raw Account is disposable with MetaTrader 5. As this is an Electronic Communication Network (ECN)-style account, you get spreads consecutive from liquidity providers, truthful they're overmuch tighter, starting from 0.0 pips connected EUR/USD. 

Commissions for the Raw Account are $7.00 per broadside of $14.00 round-turn. This committee is ever the aforesaid careless of whether you commercialized AUD/USD, GBP/CHF oregon EUR/USD. If you're a high-volume trader, you tin trim these commissions by up to $10-per-million-traded connected the Active Trader Program.

Strong acquisition area

All the apical brokers and best prop trading firms successful the U.S. provide learning resources, but Forex.com's are amended than most. Their extended Trading Academy offers 13 Beginner, Intermediate and Advanced courses, with a utile quiz to assistance you find the close level. There are besides platform-specific video tutorials and Live Events with trading experts. For example, Forex Price Action events tally each Tuesday with elder strategist James Stanley.

3. TastyFx – Best MT4 broker for beginners

TastyFX adds 12 features to MT4, and an exclusive virtual backstage server (VPS) for low-latency trading. You tin commercialized commission-free connected 80+ forex markets, with spreads starting from 0.8 pips connected fashionable pairs.

Using MetaTrader 4 with TastyFx

The broker's exclusive VPS accelerates bid execution speed. Fast commercialized execution ensures you don't acquisition immoderate nasty pricing surprises done slippage. The VPS besides lets you tally automated strategies crossed antithetic clip zones.

TastyFx adds six indicators and 12 add-ons for MT4. The High-Low indicator is peculiarly useful, transposing historical high- and low-points astatine a timeframe of your choosing. The Connect add-on is besides strong, providing real-time currency updates from DailyFX.

Other invaluable features see Autochartist's AI-powered illustration analysis, helping you spot imaginable patterns and trading opportunities. TastyFx employs an MT4-focused enactment squad connected a 24/5 basis. You get platform-specific enactment whenever you request it, passim the trading week.

Gentle instauration for beginner traders

TastyFx's demo relationship lets you marque signifier trades with $10,000 successful virtual funds, without risking existent money. Even amended is the demo's enactment for TastyFx's Signal Center, providing real-time trading signals to your signifier session, conscionable similar successful unrecorded markets.

When you commencement trading connected the unrecorded account, the minimum deposit request is lone $100. The broad enactment of 20+ online lessons besides eases the modulation betwixt the demo and the unrecorded trading account.

4. Trading.com – Great broker for MetaTrader 5

Trading.com offers the upgraded MT5 platform, with its further 38-plus indicators and improved backtesting tools, but not MT4. The commission-free spreads connected 69 forex pairs are immoderate of the lowest for this relationship type. Meanwhile, the user-friendly T1 interface brings aggregate features together. 

Using MetaTrader 5 with Trading.com

The broker doesn't connection further enhancements to MT5, but the updated MetaTrader level is already strong. It has 38-plus much indicators than its predecessor, positive invaluable further features similar the autochthonal economical calendar.

Applying this calendar to your charts lets you rapidly spot which upcoming events whitethorn interaction your positions. This is utile for avoiding abrupt spikes oregon drops, helping you enactment informed erstwhile trading.

MT5's backtesting tools are besides upgraded from MT4, adding much timeframes for investigating strategies against humanities data. You tin trial with aggregate forex pairs simultaneously, examining however strategies would person performed connected unrecorded markets. 

Testing is an important measurement earlier launching a trading bot for real, truthful large backtesting tools are crucial. This is particularly existent connected MT5, which encourages EA usage.

Good forex scope and pricing

The broker's scope of 69 forex pairs supports divers currency trading. You person each the majors, positive little communal pairs, similar GBP/MXN and ZAR/JPY, among others.

Trading.com's T1 Standard Account is commission-free, with competitory spreads for this relationship type. Spreads connected the commonly traded EUR/USD tin beryllium beneath a azygous pip, averaging 1.3. 

The lowest-cost insignificant is the EUR/GBP, starting astatine 1.4 pips. Less commonly traded pairs transportation importantly higher spreads and are aimed astatine precocious traders.

A scope of features successful a azygous interface

Trading.com gives you a streamlined trading experience. On the T1 account, you'll find acquisition resources successful the extended Learning Center. There's besides the News & Research Portal, for staying connected apical of marketplace developments and Trading.com's marketplace investigation and trading tools.

More experienced traders mightiness similar much precocious tools. But beginners and lower-intermediate traders volition worth having each this unneurotic successful 1 place.

Frequently asked trading questions

Is CFD trading permitted successful the U.S.?

No, trading CFDs is not permitted for retail traders successful the U.S. Other bid types of derivatives, similar spot forex trading, are permitted done retail capitalist accounts. Professional traders whitethorn person entree to CFDs.

What different third-party trading platforms are available?

TradingView and cTrader are besides fashionable trading level options, offering method investigation tools and bully trading environments. You tin presumption the afloat database of the best forex brokers successful the U.S. here.

Does MetaQuotes bundle person a mobile app?

Yes, some MT4 and MT5 are disposable arsenic Android oregon iOS trading apps connected mobile.

OANDA Corporation is authorized to supply circumstantial fiscal services and is regulated by the CFTC/NFA. OANDA is simply a subordinate steadfast of the NFA (Member ID: 0325821). CFDs similar overseas currency contracts for quality are not disposable to U.S. residents.

Trading connected leverage ever increases the hazard you look and tin effect successful losing wealth quickly. We counsel that you see precise cautiously whether leveraged trading, oregon immoderate signifier of trading, is close for you. Seek autarkic fiscal proposal and guarantee you afloat recognize the risks progressive earlier you statesman trading.