Top 5 Best MetaTrader Brokers [MT4, MT5] Forex Platforms

MetaTrader is Best When Combined With a Top FOREX Broker. In-Depth Review of Mt4 & MT5 Brokers Reveals The Best Execution & Customer Satisfaction

REVIEW BREAKDOWN
Admiral Markets - Europe - Covers All MetaTrader Products & The Only Broker To Have MetaTrader Supreme Edition
Vantage FX - Australia - A Superb True ECN Brokers With A Complete MetaTrader Suite + ZuluTrade & cTrader
Forex.com - UK & USA - MetaTrader 4, MT WebTrader & MT Mobile + Free MetaTrader VPS Hosting From An Industry Giant
Alvexo - Europe - Support For MetaTrader 4, MT WebTrader & MT Mobile + The Best 121 Customer Support & Training In The Industry
FXTM ForexTime - Europe - MetaTrader 4 & 5, VPS Hosting & MT WebTrader Make a Great Offering From FXTM

MetaTrader is the defacto standard for trading Forex markets globally.

MetaQuotes, the company behind MetaTrader has gateways directly to highly liquid markets, and your broker of choice also provides gateway and trade execution services, using the MetaTrader front end software.

Top 5 Best MetaTrader Brokers
The Best MetaTrader Brokers Review

MetaTrader has 7 different products that are offered through the brokers featured in this review, the products you want should help you decide which broker you need. For a detailed description of each product, jump to the MetaTrader Plattform description at the bottom of the page.

Top 5 Best MetaTrader Brokers

  • Admiral Markets – Europe – Best Broker for MetaTrader + MetaTrader Supreme Edition
  • Vantage FX – Australia – Best True ECN Metatrader Broker + ZuluTrade & cTrader
  • Forex.com – UK & USA – MT4, MT WebTrader + Free VPS Hosting
  • Alvexo – Europe – MetaTrader 4 + The Best 121 Customer Support & Training
  • FXTM ForexTime – Europe – MetaTrader 4 & 5, VPS Hosting & MT WebTrader

Admiral Markets – Europe

Covers All MetaTrader Products & The Only Broker To Have MetaTrader Supreme Edition

Admiral Markets CFD Forex Broker Review
Read The Full Admiral Markets CFD Forex Broker Review

Admiral Markets has been around since 2001 which makes it one of the more established CFD Forex Brokers in the industry.  Based in Estonia, Europe, Admiral Markets are focused on enabling their clients open and transparent access to the markets while using the best platforms around, MT4, MT5 and MetaTrader Supreme Edition.

Straight Through Processing (STP) and Electronic Communications Network (ECN) accounts also mean direct market access, lightning-quick execution and no conflict of interest.

Admiral Markets CFD Forex Broker Review
Admiral Markets Review SummaryPro’sCon’s
Platform ★★★★★★ Retail & Pro Accounts + ECN & STP✘ ZuluTrade or MyFXBook
Execution Rating ★★★★★★ Choice of Spread or Commission
★ MT4, MT5 & MT Supreme Platforms
Open An Account★ 32 Cryptocurrencies
★ Bonds, Fx, ETF, Stocks, Commodities

 

Types Of Accounts Available At Admiral Markets

PlatformMetaTrader 4MetaTrader 4MetaTrader 5MetaTrader 5
AccountAdmiral.MarketsAdmiral.PrimeAdmiral.MT5Admiral.Invest
Minimum Deposit (EUR, USD, GBP, CHF)20010002001000
Currencies364536
Cryptocurrency CFDs532
Spot Metal CFDs435
Spot Energy CFDs33
Index Futures CFDs47
Cash Index CFDs164
Stock CFDs6403000+4000+
Bonds CFDs2
ETF’s500+
Leverage (Forex Retail)1:30 – 1:201:30 – 1:201:30 – 1:20
Leverage (Forex Pro)1:500 – 1:101:500 – 1:111:500 – 1:12
Leverage (Indices Retail)1:20 – 1:101:20 – 1:111:20 – 1:12
Leverage (Pro)1:500 – 1:101:500 – 1:111:500 – 1:12
Spread, PipsFrom 0.5From 0From 0.5From 0
Limit / Stop Levels, Pips0 pips0 pips0 pips0 pips
CommissionsSingle Share & ETF CFDs – from 0.01 USD per shareForex & Metals – from 1.8 to 3.0 USD per 1.0 lotsSingle Share & ETF CFDs – from 0.01 USD per shareStocks & ETFs – from 0.01 USD per share
Execution TypeMarket ExecutionMarket ExecutionMarket ExecutionExchange Execution
Requotes
Stop Out Retail50%50%50%
Stop Out Professional30%30%30%
Negative Balance Protection 
Hedging
Table 1: Service & Leverage Per Account – Admiral Markets (Big Benefits In Green)

I have highlighted the standout benefits in green in the table above.  The reason Amiral Markets has very happy clients is due to the tight spread, market and exchange execution, negative balance protection and a massive selection of instruments.

As you can see Admiral Markets are competitive if not the best across the board. The only decision you will need to make is the type of account you want.  The Admiral.Markets account is a Straight Through Processing (STP) account which enables direct market access to the big liquidity providers like hedge funds and investment banks, this is great for the trader because the broker is not taking the opposite side of your trade therefore not trading against you.  Because it is an STP account you will pay a tight spread to fund the transaction with the liquidity providers.  It has a good selection all the instruments with spreads from 0.5 pips but does not have ETFs.  The Admiral Prime account has 45 currencies & 3 spot metal CFD’s at 0.0 pips spread.

The MetaTrader 5 platform has 2 accounts, the Admiral.MT5 account with a great selection of instruments, including a huge 32 cryptocurrencies, and a monster selection of over 3000 share CFD’s.  These are all offered at 0.0 pips, but instead with a very small commission.  Finally, the Admiral Invest account is clearly targetted at investors in stocks and ETF’s with 4000+ Stock CFD’s on offer and a huge 500+ ETF CFD’s.

Admiral Markets MT 4 & 5 Trading Platform

Admiral Markets aims to keep it simple and straight forward when it comes to the choice of tools, you have the choice of Admiral Markets MetaTrader 4  or MetaTrader 5.  Of course, whichever desktop software you choose, you will still be able to trade from your tablet and smartphone. The MetaTrader 4 App has a 4-star rating on the Play store and in the Apple store 4.5-stars, which means you will get a great mobile trading experience. Ultimately you know you will be getting a solid and seamless experience however and wherever you choose to trade.

Admiral Markets Web Trader For MT4 & MT5

You can use the Admiral Markets Web Trader platform which is easy to use yet very powerful, this will give most retail investors what they need with a minimal investment in training and no installation required.  Simple “one-click to trade” enables you to execute the trade quickly.  You have all the order types available, so there is no pairing back of functionality with the online tool.  Naturally, you get streaming real-time quotes, but the best thing is that the orders are processed using Straight Through Processing (STP) which means the order goes straight to the top tier liquidity providers to optimize order (Bid/Spread) pricing and execution.

Admiral Markets WebTrader Platform Review
Admiral Markets WebTrader Platform Review

Admiral Markets MetaTrader Supreme Edition for MT4 & MT5

If you want to operate an ECN account with direct market access you can utilize the best, MetaTrader 4 or 5. MetaTrader will open up a world of automated trading and real-time streaming of news and events, it may take some time to work on your learning curve but it will be well worth it.  The ECN is worth its weight in gold because you trade directly in a pool with other traders without the middle man or Market Maker, this is how you get spreads close to 0.0, but instead, there is a transaction fee commission on the trade due to the costs of operating the ECN.  The ECN is not operated by Admiral Markets, but they do have a Fiber link into the ECN for faster trade execution.

There are Zero costs associated with using the platforms available.

Admiral Markets – MetaTrader Supreme Video

MetaTrader Supreme Edition

Watch The Video Overview

 

Powerful Signals & Research For Clients

Admiral Markets provides email and video trading signals and analysis through Trading Central, focussing on specific high probability setups.  Admiral Markets also pride themselves on enabling cutting edge education for their clients.  Their various youtube channel host thousands of educational and market update videos and their own private channels for registered clients provide daily briefings.  They also have live webinars nearly every day of the week and have a huge selection of training videos and resources.  Supporting the customers to be successful is a primary concern for Admiral Markets.

Review Summary Admiral Markets

Admiral Markets is simply one of the best and most reputable CFD Forex brokers who really care about offering their clients the best market conditions to trade in.  A great set of trading platforms including MT4, MT5 and their own MetaTrader Supreme edition combined with a choice of Market or Exchange execution, mean Admiral Markets is one of the best companies operating today.  A good reputation is important in this industry and they have it, a respectable regulated company offering a great platform and a suite of signals, alerts and market updates to help their clients be profitable.

Open An Account With Admiral Markets

Read The In-Depth Admiral Markets Review

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Vantage FX – Australia

A Superb True ECN Brokers With A Complete MetaTrader Suite + ZuluTrade & cTrader

Vantage FX CFD Broker Review
Vantage FX CFD Forex Broker Review
Read The Full Vantage FX CFD Forex Broker Review

Vantage FX has been around since 2009 which makes it one of the more established CFD Forex Brokers in the industry.  Based in Australia Vantage FX are focused on enabling their clients open and transparent access to the markets while using the best platforms around, MT4 & MT5.

Straight Through Processing (STP) and Electronic Communications Network (ECN) accounts also mean direct market access and lightning quick execution.

Vantage FX Review SummaryPro’sCon’s
Platform Rating ★★★★★★ Retail & Pro Accounts + ECN & STP✘ No ETF or Bond Trading
Execution Rating ★★★★★★ Choice of Spread or Commission✘ Only 100 Share CFD’s
Open An Account★ MT4, MT5 & ZuluTrade Platforms Available
★ Cryptocurrency Trading
Special 50% Deposit Rebate★ High Leverage Possible

 

Types Of Accounts Available At Vantage FX

Vantage FX Account TypesStandard STPRAW ECNPRO ECN
MetaTrader 4
MetaTrader 5
MT WebTrader
MT Mobile Apps
Execution Type STPECNECN
Forex Pairs404040
Indices131313
Commodities202020
Minimum Balance$200$500$20,000
Minimum Trade Size0.01 lot0.01 lot0.01 lot
Leverage  Up to500:1500:1500:1
Spreads from1.4 pips0.0 pips0.0 pips
Commission$0$3.00 per lot per side$2.00 per lot per side
Table 1: Service & Leverage Per Account – Vantage FX

As you can see Vantage FX are competitive across the board, the only decision you will need to make is the type of account you want.  The Standard STP account is a Straight Through Processing (STP) account which enables direct market access to the big liquidity providers like hedge funds and investment banks, this is great for the trader because the broker is not taking the opposite side of your trade therefore not trading against you.  Because it is an STP account you will pay a tight spread to fund the transaction with the liquidity providers.

The RAW ECN and PRO ECN accounts use the Electronic Communications Network via MetaTrader.  The ECN is a global hub where all the major liquidity providers connect to and compete to fill your order by offering the best prices.  For the privilege of offering you the best price, they will be paid via $3.00 per lot on the Raw ECN accounts and $2.00 per lot on the PRO account.

If you are a novice or intermediate trader go for the Standard STP account.  If you are experienced go for RAW ECN and if you will be a frequent trader with a minimum account balance of $20,000 you can opt for the PRO ECN account.

Whichever account you choose you know you will not be competing against your broker, but connecting directly to the markets and getting good prices for your trades

Vantage FX MT 4 & 5 Trading Platform

Vantage FX aims to provide its customers with every possible choice of tool & trading platform.  You have the choice of Vantage FX WebTrader or MetaTrader 4 / 5, cTrader for ECN Currency Trading, ZuluTrade for Copy Trading and MyFXBook.  Of course, whichever desktop software you choose, you will still be able to trade from your tablet and smartphone. The MetaTrader 4 App has a 4-star rating on the Play store and in the Apple store 4.5-stars, which means you will get a great mobile trading experience. Ultimately you know you will be getting a solid and seamless experience however and wherever you choose to trade.

Vantage FX Web Trader For MT4 & MT5

You can use the Vantage FX Web Trader platform which is easy to use yet very powerful, this will give most retail investors what they need with a minimal investment in training and no installation required.  Simple “one click to trade” enables you to execute the trade quickly.  You have all order types available, so there is no pairing back of functionality with the online tool.  Naturally, you get streaming real-time quotes, but the best thing is that the orders are processed using Straight Through Processing (STP) which means the order goes straight to the top tier liquidity providers to optimize order (Bid/Spread) pricing and execution.

Vantage FX MetaTrader 4 & MetaTrader 5

Vantage FX MetaTrader 5 Platform
Vantage FX MetaTrader 5 Platform

If you want to operate an ECN account with direct market access you can utilize the best, MetaTrader 4 or 5. MetaTrader will open up a world of automated trading and real-time streaming of news and events, it may take some time to work on your learning curve but it will be well worth it.  The ECN is worth its weight in gold because you trade directly in a pool with other traders without the middle man or Market Maker, this is how you get spreads close to 0.0, but instead, there is a transaction fee commission on the trade due to the costs of operating the ECN.  The ECN is not operated by Vantage FX, but they do have a Fiber link into the ECN for faster trade execution.

There are no upfront costs associated with using the platforms available.

Vantage FX – MarketTrader Video

MarketTrader – The Flexible Forex (FX) Trading Platform

Watch The Video Overview

Powerful Signals & Social Trading

Vantage FX provides email and video trading signals and analysis through Trading Central, focussing on specific high probability setups.  Vantage FX also pride themselves on enabling cutting edge tools for their clients and to complete the offering they have ZuluTrade and MyFXBook AutoTrade.

ZuluTrade Integration

Vantage has an integration with ZuluTrade, a very popular social oriented copy trading service.  This is a nice touch as it enables the profits (or losses) from any trader you follow in ZuluTrade to flow through to you Vantage MT4 dashboard.

Review Summary Vantage FX

Vantage FX is a highly rated and reputable CFD Forex broker who really cares about offering their clients the best market conditions to trade in.  A great set of trading platforms including MT4, MT5, WebTrade, and Zulu trade combined with a choice of STP and ECN routing, mean Vantage FX is one of the best companies operating today.  A good reputation is important in this industry and they have it, a respectable Australian regulated company offering a great platform and a suite of signals, alerts and market updates to help their clients be profitable.

Open An Account With Vantage FX

Read The In-Depth Vantage FX Review

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Forex.com – UK & USA

MetaTrader 4, MT WebTrader & MT Mobile + Free MetaTrader VPS Hosting From An Industry Giant

Forex.com Biggest Forex Broker in the UK
Forex.com Fx Broker Review
Read The Full Forex.com Fx Broker Review

Gain Capital PLC a FTSE 250 and NYSE listed company has been around since 1983, but the launch of their new brand Forex.com has brought to the table an excellent mix of Direct Market Access (ECN) & Instant Execution.

Platforms include MetaTrader 4 & Virtual Private Server (VPS) hosting and in addition their own innovative advanced trader suite of tools. 

Add to this, clear and transparent pricing + tight spreads and low share trading commissions and you have the best UK based Forex & CFD broker.

Forex.com Review SummaryPro’sCon’s
Platform Rating ★★★★★ Instant Execution, STP & ECN✘ No ETF’s or Bonds
Execution Rating ★★★★★★ Good Platforms MT4 + VPS✘ No ZuluTrade
★ Integrated Alerts, Signals, Strategies
Visit Forex.com UK★ Large Established Broker
Visit Forex.com US★ Also Available In U.S.A

 

Instruments & Leverage Forex.com UK

MetaTrader Platform
AccountPro Account
Forex (80+)400:1
Major Indices (15)2000:1
Commodities (9)400:1
Shares (220+)N/A
Cryptos (8)N/A
Table 1: Instruments & Leverage Per Account – Forex.com

Order Execution

Forex.com offer market maker (dealing desk) services but also offer straight-through processing (STP) and electronic communications network (ECN) order execution.  I would recommend selecting the STP or ECN options as they remove any doubt of conflict of interest, which is the biggest complaint that most dealer desk brokers receive.

I spoke with representatives of Forex.com to get clarity on this and to confirm which type of trading is allowed.  The sign of a poor broker is they do not allow High-Frequency, Trading, Arbitrage or Scalping.  Forex.com do allow these types of trades, which essentially means they are not trading against you in the ECN or STP models.

Forex.com MT4 Trading Platform

Forex.com UK aims to keep it straight forward when it comes to tools.  You can trade from your tablet, smartphone, and PC / Mac and your watchlists and setups are available on all devices.  There are no costs associated with using the platforms and no complex installation for the Web Trader platform or mobile apps.  The beauty of this platform is that it is extremely easy to use and intuitive, whether you are using your phone or have the WebTrader program installed on your PC.  The App has a 3-star rating on the Play store and in the Apple store, so mobile trading might not be the smoothest experience so far, but I am sure they are working on it.

Forex.com Advanced Trading Platform Video

FOREX.com Advanced Platform

Watch The Video Overview

 

As a frequent Forex Trader, the quality and range of the software available are important.  There is no point in having low trading costs and great margin interest rates if you cannot trade due to poor software.  If you have a preference for the industry’s most established Forex trading packages like MetaTrader, then the choice will be clear.

Forex.com has a broad selection of high-quality platforms available.  The industry-leading Forex Trading Software is MetaTrader and Forex.com offer MetaTrader 4.  Add to that the ability to plug in and use NinjaTrader, which has a massive and passionate user base who collaborate and contribute lots of systems and expert advisors.  Also, for Web Trading Forex.com are utilizing TradingView.  TradingView won our Best Stock Market Analysis Software Review, so you know you are getting a high-quality web trading system.

Review Summary Forex.com

Forex.com is a well-established market leading CFD broker with a good reputation, which is important in this industry.  They have a good selection of tradeable instruments including Shares, Indices and a huge selection of Fx pairs and Cryptocurrencies.  The system and platform are designed for simplicity and ease of use from the highly rated WebTrader software to the tight spreads.  If you are looking for direct ECN market access or the MetaTrader suite, then you may they may be your broker.

Open An Account With Forex.com

Read The Full Forex.com Review

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Alvexo – Europe

Support For MetaTrader 4, MT WebTrader & MT Mobile + The Best 121 Customer Support & Training In The Industry

Alvexo CFD Broker Review & Comparison
In-Depth Alvexo CFD broker Review
Read The Full In-Depth Alvexo CFD Broker Review

Alvexo has been around since 2015 which makes it one of the newer CFD Forex Brokers in the industry.  This is reflected in the size of the number of instruments you can trade. However, they approach the customer in a very personalized and engaging way, unlike most brokers. 

Straight Through Processing (STP) and Electronic Communications Network (ECN) accounts also mean transparency for the client.

Alvexo Review SummaryPro’sCon’s
Platform Rating ★ Retail & Pro Accounts + ECN & STP✘ No ETF or Bond Trading
Execution Rating ★★★★★★ Choice of Spread or Commission✘ Crypto Trading Coming Soon
★ Direct Line To Account Exec✘ No MetaTrader 5 (Yet)
Open An Account★ 1 to 1 Training Included
★ MT4 Platform Available
★ 1st Class Customer Service

 

Types Of Accounts Available At Alvexo

Alvexo Account TypeClassicGoldECNPrime
Min First Deposit$250$5,000$5,000$10,000
Minimum Deal size0.01 lot0.05 lot0.05 lot0.25 lot
Spreads from3.3 pips2.2 pips0.0 pips1.8 pips
Leverage up-to (Retail Account)30:130:130:130:1
Leverage up-to (Pro Account)300:1300:1300:1300:1
Stop out level (Retail Account)50%50%50%50%
Stop out level (Pro Account)15%15%15%15%
Free Trading Signals
Technical Analysis
1-on-1 Support
Senior Account Executives Direct Line
Free Trading Signals – SMS
Economic Calendar – SMS
Technical Analysis Reports
Table 1: Service & Leverage Per Account – Alvexo

As you can see Alvexo are competitive across the board, the only decision you will need to make is the type of account you want.  Firstly you need to decide if you are a professional trader with years of experience trading or in the financial industry if you qualify you will be allowed higher leverage, up to 300:1 and a lower stop out level at 15%.  Proving you are a professional investor is a legal step all regulated brokers need to take.  But beware, being classified as a professional means you will not be subject to the regulatory protections put in place by CySec for retail investors.  For a Retail Trading Account, you are subject to greater controls on what you can trade and are restricted to lower leverage and stops for your own protection.

The key benefit that no other broker provides is the 1 to 1 support and the direct line to senior account executives. Many traders report being contacted by their account managers and assisted to learn the trading platform and helped to understand leverage, stops and account management.  This is priceless!

The personal touch with 1 to 1 support & account managers is a really excellent service from Alvexo and is the key differentiator as to why they are held in such high regard by their clients.

Alvexo MT4 Trading Platform

Alvexo aims to keep it simple and straight forward when it comes to choice of tools, you have the choice or Alvexo Web Trader or MetaTrader 4.  Of course, whichever desktop software you choose, you will still be able to trade from your tablet and smartphone. The MetaTrader 4 App has a 4-star rating on the Play store and in the Apple store 4.5-stars, which means you will get a great mobile trading experience. Ultimately you know you will be getting a solid and seamless experience however and wherever you choose to trade.

Alvexo MT WebTrader

You can use the Alvexo Web Trader platform which is easy to use yet very powerful, this will give most retail investors what they need with a minimal investment in training.  Simple “one click to trade” enables you to execute the trade quickly.  You have all order types available, so there is no pairing back of functionality with the online tool.  Naturally, you get streaming real-time quotes, but the best thing is that the orders are processed using Straight Through Processing (STP) which means the order goes straight to the top tier liquidity providers to optimize order (Bid/Spread) pricing and execution.  Alvexo may act as a liquidity provider but they are not the only ones.

Alvexo MetaTrader 4

If you want to operate an ECN account with direct market access you can utilize the best, MetaTrader 4. MetaTrader 4 will open up a world of automated trading and real-time streaming of news and events, it may take some time to work on your learning curve but it will be well worth it.  The ECN is worth its weight in gold because you trade directly in a pool with other traders without the middle man or Market Maker, this is how you get spreads close to 0.0, but instead, there is a transaction fee commission on the trade due to the costs of operating the ECN.  The ECN is not operated by Alvexo, it is operated by MetaTrader.

The Alvexo MetaTrader 4 Platform - Direct ECN Access
The Alvexo MetaTrader 4 Platform – Direct ECN Access

There are no costs associated with using the platforms available.

Powerful Signals

Alvexo provides trading signals as part of the package whichever account type you open.  They suggest that their signals are 88% accurate.  They are compiled twice per day and are designed to give you an idea as to what is moving and experiencing volatility in the market.  They also provide regular video updates.

Review Summary Alvexo

Alvexo is one, if not the highest rated and reputable CFD Forex brokers in the market.  A good reputation is important in this industry.  They have a good selection of tradeable instruments including Shares, Indices and a solid selection of Fx pairs.  The STP, ECN systems and platform are designed for simplicity and ease of use to benefit their customers with the tight Spreads or per lot charges in the ECN.  This is why they are one of the best of only five of our recommended brokers.  If you are looking for direct ECN market access with the MetaTrader suite with fantastic customer support, then you have found the right broker.

Read The In-Depth Alvexo Review

Open An Account

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FXTM ForexTime – Europe

MetaTrader 4 & 5, VPS Hosting & MT WebTrader Make a Great Offering From FXTM

FXTM CFD Broker Review & Comparison
FXTM ForexTime Broker Review
FXTM ForexTime Broker Review

FXTM launched in 2011 and quickly established itself as one of the most repected and trusted Forex CFD Brokers in the industry.  Originally based in Cyprus, Europe, FXTM are focused on enabling the best execution, spreads and transparent access to the markets while using the best platforms around, MT4, MT5 and WebTrader.

Offering a choice of Instant Execution or Electronic Communications Network (ECN) accounts also mean direct market access, lightning quick execution and no conflict of interest.

FXTM Review SummaryPro’sCon’s
Platform Rating ★★★ Instant Execution or ECN Execution✘ No Cryptocurrencies
Execution Rating ★ Choice of Spread or Commission✘ No Bonds or EFT’s
★ MT4, MT5 &  FXTM Trader App Platforms
Visit FXTM★ Copy Trading with FXTM Invest
★ Highly Trusted Broker

Types Of Accounts Available At FXTM

FXTM AccountsECN AccountECN Zero AccountFXTM Pro Account
Minimum deposit$/€/£ 500$/€/£ 200$/€/£ 25 000
Order executionMarket ExecutionMarket ExecutionMarket Execution
Spread From0.11.50
Margin Call80%80%80%
Stop Out50%50%50%
Limit & Stop Levels
Trading Instruments
Forex Majors, Minors, Exotics #484843
Share CFDs
Spot Metals332
Spot CFDs1414
MT5: Forex Majors, Minors, Exotic333333
Table 1: Service & Leverage Per Account – FXTM (Big Benefits In Green)

I have highlighted the standout benefits in green in the table above.  The reason FXTM is successful in this industry and has very happy clients is due to the tight spread and the choice of either a broker-dealer instant execution or ECN market exchange execution, I would recommend the accounts with ECN market execution (flagged in green).

As you can see FXTM are competitive across the board. The only decision you will need to make is the type of account you want.  The Standard Account, Cent Account and Shares Accounts are all Instant Execution, which means FXTM act as the market maker, many Forex traders do not like this because it could create a conflict of interest with the broker and they take the other side of the trade.  With a reputable broker like FXTM this should not be a problem.  However FXTM have the solution because the ECN, ECN Zero and FXTM Pro account are all market execution, which means your order will be routed through to a huge pool of liquidity providers like hedge funds and investment banks.  This is great for the trader because the broker is not taking the opposite side of your trade therefore not trading against you.

Choose the account right for you, the basic accounts with lower minimum blances are all Instant Execution, ECN accounts start at $500 minimum balance.

FXTM – Background & Services Video

ForexTime (FXTM) Official Corporate Video

Watch The Video Overview

FXTM Brokers Trading Platform

FXTM aims to keep it simple and straight forward when it comes to choice of tools, you have the choice of FXTM MetaTrader 4  or MetaTrader 5.  Of course, whichever desktop software you choose, you will still be able to trade from your tablet and smartphone. The MetaTrader 4 App has a 4-star rating on the Play store and in the Apple store 4.5-stars, which means you will get a great mobile trading experience. Ultimately you know you will be getting a solid and seamless experience however and wherever you choose to trade.

FXTM Web Trader For MT4 & MT5

You can use the FXTM Web Trader platform which is easy to use yet very powerful, this will give most retail investors what they need with a minimal investment in training and no installation required.  Simple “one click to trade” enables you to execute the trade quickly.  You have all order types available, so there is no pairing back of functionality with the online tool.  Naturally, you get streaming real-time quotes, but the best thing is that the orders are processed using Straight Through Processing (STP) which means the order goes straight to the top tier liquidity providers to optimize order (Bid/Spread) pricing and execution.+

FXTM ForexTime MT5 WebTrader - A Lightning Fast Web Trading Experience
FXTM ForexTime MT5 WebTrader – A Lightning Fast Web Trading Experience

If you want to operate an ECN account with direct market access you can utilize the best, MetaTrader 4 or 5. MetaTrader will open up a world of automated trading and real-time streaming of news and events, it may take some time to work on your learning curve but it will be well worth it.  The ECN is worth its weight in gold because you trade directly in a pool with other traders without the middle man or Market Maker, this is how you get spreads close to 0.0, but instead, there is a transaction fee commission on the trade due to the costs of operating the ECN.  The ECN is not operated by FXTM.

There are Zero costs associated with using the platforms available.

[Related Article: The Best ECN Brokers For Forex & CFD Trading]

Powerful Signals & Research For Clients

FXTM provides email and video trading signals and analysis direct to clients, focusing on specific high probability setups.  FXTM also pride themselves on enabling cutting edge education for their clients.  Their various youtube channels host thousands of educational and market update videos and their own private channels for registered clients provide daily briefings.  Supporting the customers to be successful is a primary concern for FXTM.  They also have a secure real-time messaging system on telegram for clients.

Copy Trading With FXTM

FXTM are doing something different to the competition with their Copy Trading Service.  You can easily register for FXTM Invest and can follow other successful traders after reviewing their track record.  The idea is that you can follow those successful traders and minimize your time spend in front of your desk trading. Few of their competitors offer this service.

Review Summary FXTM

FXTM is simply one of the best and most reputable CFD Forex brokers who really care about offering their clients the best market conditions to trade in.  A great set of trading platforms including MT4, MT5, and their own FXTM Invest Platform combined with a choice of Instant Execution or ECN Exchange execution, mean FXTM is one of the best companies operating today.  A good reputation is important in this industry and ForexTime have it, a respectable regulated company offering a great platform and a suite of signals, alerts and market updates to help their clients be profitable.

Open An Account With FXTM

Read The In-Depth Review Of FXTM

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MetaTrader Brokers Review Summary

All 5 of the brokers in this review are well-respected brokers with ECN or STP execution and an excellent suite of MetaTrader software support.  The difference is in the detail, what you will need to decide is whether you need MT5 and if you need Virtual Private Server (VPS).

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The Best MetaTrader Brokers Comparison Table

BrokerAdmiral Markets CFD Forex Broker ReviewVantage FX CFD Broker ReviewForex.com Biggest Forex Broker in the UKAlvexo CFD Broker Review & ComparisonFXTM CFD Broker Review & Comparison
Primary Business LocationEstonia, EuropeAustraliaUK & USACyprus, EuropeCyprus, Europe
Trading Platfrom
Metatrader 4
MetaTrader 5
MetaTrader VPS Hosting
MT WebTrader
MetaTrader Supreme Edition
MetaTrader Mobile App
Other Platforms Available
ZuluTrade
MyFXBook
cTrader
Mam / PAMM
Execution Types
Dealing Type STP
Dealing Type ECN
No Dealing Desk / Market Execution
Market Maker
Scalping & High-Frequency Trading (HFT)
Table 1:MetaTrader Brokers Comparison Table
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MetaTrader Products Offered By Brokers

Metatrader 4 – MT4 is the industry standard for any self-respecting broker.  Extremely powerful charting, chart indicators, and technical analysis combined with off the shelf studies or expert advisors to start to build a system are critical.  Expert Advisors (EA) are developed using the MQL4 language and can be used to build orders, execute orders based on the technical indicators you select for your system. MT4 connects through your broker’s infrastructure to the electronic communications network (ECN) for execution.  Stable, secure and supporting many languages, this is the core tool of choice for CFD and Forex trading.

MetaTrader 5 – MT5 is the next generation of MetaTrader, improving the ability to manage and move between multiple accounts operating different trading strategies.  You may choose to have an account running a scalping program which arbitrage the difference in prices between different markets or liquidity providers and have another account that performs discretionary trading staying longer in a trade based on technical analysis, MT5 can handle it all.

MetaTrader VPS Hosting – it is great to have MetaTrader, but is you are running a 24/5 automated algorithm trading in the markets, you might want your machine hosted closer to the actual exchange or ECN so that trades are executed quicker and so that the machine can run non stop with reliability that your home PC cannot manage.  Then you will need a Virtual Private Server (VPS).  Typically these machines sit in a datacenter on a high-speed network and run non-stop.

MT WebTrader – If you are not at your desk on your main workstation you will want to have access of the web to a cloud-based version of MetaTrader, this is where MT WeTrader comes in.  You should have access to all your EA’s studies and Algorithms wherever you are.

Other Interesting Product Offered By Our Selected Brokers

ZuluTrade – ZuluTrade is a social trading platform that enables the auditing of trader successes in terms of profits, loss, and risk.  You can use ZuluTrade to see the performance of other traders and choose to invest a certain amount of your money with them  When you do this your trades will copy theirs automatically.  Select the right winning traders according to your trading philosophy and you could make money.

MyFxbook – MyFxbook is useful if you are a trader who wants to get noticed and attract capital investment from others.  It enables you to log, track and analyze your trades and ROI, but also enables you to publish your track record to attract potential investors.  Packed with advanced analytics and a helpful community, if you want to make a name for yourself this could be a great tool.

cTrader – cTrader is another huge step forward in the automation of trading.  Using cTrader Copy, You can develop and run trade automation algorithms and similar to ZuluTrade you can also become a Strategy Provider, publish your strategy and claim a fee whenever anyone uses your strategy.  You can, of course, follow other Strategy Providers.

Mam / PAMM – These integrations are strictly aimed and portfolio and fund managers operating in the Foreign Exchange and CFD markets that operate multiple accounts.  If you connect to and manage trading and investments for clients using their accounts, or need to assign client money to specific traders, then this is the infrastructure you need.

Mobile Software – Last but not least mobile software.  Most of our featured brokers you the highly rated MT Mobile Apps.  Why develop your own when you can use the tried and tested mobile trading environment of MetaTrader.  A rapidly increasing amount of trades are conducted via smartphone or tablet every year, so do not underestimate the importance of mobile software.

Learn About Platform Trading Conditions (Spreads, Commissions, Execution)

You want the best suite of platform tools, but you also want great trading conditions, this means excellent trade execution and the lowest possible spread and commissions.  As an experienced trader, you also need to know if the brokers allow scalping, arbitrage trades and high-frequency trading (HFT).  Add to that algorithmic trading and you have the complete package.

Trade Execution Types

Market Maker / Dealing Desk – A Market Maker or Dealing Desk is a broker that takes the other side of your trade, when you sell they are the buyer, and when you buy they are the seller.  Because they are using their own liquidity when you make a profit, they make a loss.  This gives rise to a potential conflict of interest, especially with poor brokers who do not manage that risk properly. You should avoid Market Maker brokers.  Some brokers offer a hybrid model of dealing desk, plus market execution, such as Forex.com in the review above, this is OK providing you select the ECN account.

Non-Dealing Desk – The non-dealing desk broker is the best choice for traders, brokers who offer this service allow your trade to be fulfilled on the open market.  There are two types of market execution STP and ECN.

  • Dealing Type STP – Straight Through Processing (STP) means the brokers will form a pool of liquidity providers who compete for your trade.  This is better than the market maker model because although your brokers might be providing liquidity also they are not alone.  A good STP broker will allow free competition in its liquidity pool to allow you to see the best bid and ask prices possible.  Spreads are much tighter with the STP model so better for the trader.
  • Dealing Type ECN – Brokers providing Electronic Communications Network (ECN) accounts are essentially routing all your orders directly onto the ECN.  The ECN is a global network or hub connecting the biggest banks, hedge funds such as UBS, Nomura, Credit Suisse, HSBC, Bank of America etc.  They all compete for your trade and because of this competition you can often get a spread of 0.0 or 0.1 on major fx pairs.  Because of the super tight spreads, there is usually a commission charge to conduct an ECN trade, it could be $1 per thousand shares or $5 per trade what whatever th trade size.  Brokers vary, but the ECN & STP models are definitely preferential over a dealing desk broker.

Scalping & High-Frequency Trading (HFT) – If you intend to use a scalping style of trading, meaning you take advantage of small moves in the underlying price of an asset in many bursts of trades then you need an ECN account.  Market Makers or Dealing desks prohibit this type of trading.  Always refer to the “Trading Conditions” document that each broker must maintain.  High-frequency trading is usually automated trading that seeks to exploit differences in bid and ask prices amongst different liquidity providers.  Approximately 90% of all volume trades on the US stock exchanges are conducted by HFT robotic algorithms today.  So you will really need to know what you are doing to compete with the already existing algorithms.

CFD Risk Notice ESMA & FCA Risk Warning - "CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts may lose money when trading CFDs with any provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk"

We thoroughly background check the brokers we recommend and only list reputable trustworthy companies.  Read our tips to perform your own background checks, and test a broker after you sign up. You can perform your own check easilly. LiberatedStockTrader.com accepts no responsibility for your experience with any broker.

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