Top 10 MT4 Forex Brokers List in Australia 2023

Are you looking for a forex broker that supports MT4 in Australia? Search no more because this platform will list the 10 best MT4 forex brokers in Australia. 

MetaTrader 4 is a trading platform developed by MetaQuotes in 2005. Although it is commonly associated with forex trading, MT4 can be used to trade a range of markets, including indices, forex, cryptos, and commodities, via CFDs.

Meta Trader 4 is extremely popular because it customizes your individual trading preferences.

It can also be used to automate your trading, using algorithms that open/close trades on your behalf according to a list of set parameters.

mt4 forex brokers list in Australia
Photo credit: IFX Brokers

Is MetaTrader 4 Available in Australia?

MetaTrader 4, also known as MT4, is a popular online trading platform in Australia and across the globe because it gives you all you need in one interface.

The powerful combination of leading trading tools and analytical technologies allows investors to implement even the most complex trading strategies.

Top 10 Best MT4 Forex Brokers List in Australia

Here is the list of the 10 best MT4 forex brokers in Australia:

1. BDSwiss 

This brokerage company has provided financial services in the Forex market since 2012. This platform is keen to cooperate with traders globally.

Therefore its activities are regulated by authorities in different countries, such as the U.K. Financial Conduct Authority (FCA); the Cyprus Securities and Exchange Commission (CySEC); the German Federal Financial Supervisory Authority (BaFin).

Over the past year, BDSwiss has received World Finance Awards such as Best Forex & CFD Broker (International Investor Awards) and Best Market Analytics Service Provider (FxScouts Awards).

Features

• BDSwiss supports MetaTrader 4

• It is regulated by CySEC, BaFin, and FCA

• It offers a wide range of trading assets

Pros

• A wide range of trading assets.

• The ability to trade from both mobile devices and P.C.

• A wide range of deposit/withdrawal methods.

• BDSwiss pays withdrawal fees

• This brokerage periodically conducts online lectures for its users.

Cons

• Lack of trading bonuses and investment programs.

• BDSwiss charges a fee for inactivity on the account.

• Customer support is unavailable on weekends.

2. BlackBull Markets

BlackBull Markets is a global forex broker established in 2014. The platform is regulated by the Financial Services Authority of Seychelles (FSA) and the Financial Markets Authority of New Zealand (FMA). This platform is considered safe because the top-tier FMA of New Zealand regulates it.

Features

• BlackBull Markets offers a demo account

• BlackBull Markets supports MetaTrader 4

Pros

• Low CFD and forex fees 

• Fast/user-friendly account opening 

• Excellent educational tools 

Cons

• BlackBull Markets has a withdrawal fee

• BlackBull Markets research tools are limited

• The minimum deposit for Prime Accounts is $2,000

3. F.P. Markets

F.P. Markets is an Australian forex and CFD broker established in 2005. This brokerage is regulated by the Australian Securities and Investments Commission (ASIC), the Financial Services Authority of St. Vincent and the Grenadines, and the Cyprus Securities and Exchange Commission (CySEC). This platform is safe because the top-tier ASIC regulates it and has a long track record.

Features

• F.P. Markets supports MetaTrader 4

• It is regulated by ASIC and CySEC

Pros

• F.P. Markets forex fees are low 

• Easy and fast account opening and funding 

• Excellent educational tools 

Cons

• F.P. Markets product portfolio is limited

• Outdated desktop and web platform

• Research tools are not perfect

4. HotForex

HotForex is a broker owned by the H.F. Markets Group, which offers a wide variety of account types, and has a vast selection of trading assets and high-quality software. 

This brokerage also has instant execution of orders and favorable trading conditions. This platform has a solid list of tools and services, allowing everyone to choose the best option.

The license of several regulators confirms hotForex reliability. This platform’s work experience in the brokerage, financial and other services market is over ten years. 

Features

• MetaTrader 4 and MetaTrader 5 trading terminal

• HotForex account currency is USD, EUR

• HotForex minimum deposit is USD 5

•HotForex spread is from 0 pip

• HotForex instruments are commodities, currencies, CFD, indices

Pros

• Good trading conditions and low spreads – from 0 pips;

• several regulators control HotForex;

• There are no commissions for bank transfers and account replenishment.

Cons

• Withdrawal terms most times barely correspond to those indicated

• Account currencies are few

• The choice of withdrawal and electronic payment systems for replenishment is rather modest;

• Customer support is not available on weekends.

5. Axiory

This platform is an STP broker that has been providing services since 2014. This brokerage offers trading in 5 asset classes: stocks, currency pairs, contracts for difference (CFDs) on metals, stock indices, and energy assets. 

Features

• Axiory account currency is USD, EUR

• Axiory minimum deposit is from $10 

• Axiory average spread for USD/EUR is 0.2 pips (Nano), from 1.2 pips (standard)

• Over 60+ currency pairs, 70+ CFDs on stocks, 10 indices, 4 metals, 5 energy resources

Pros

• Ability to trade CFDs and real, as well as ETFs.

• Axiory Light Live technology for lightning-fast account opening, and you can start trading for real money in 12 minutes.

• The mobile and desktop platforms MT 4 and MT 5, as well as cTrader, are available for trading.

• Availability of additional indicators and services.

• A wide range of different types of accounts with favorable trading conditions.

• A vast array of methods of replenishment and withdrawal of funds.

Cons

• There are no MAM or PAMM accounts for passive investing.

• Axioryt support only works 8 hours a day, five days a week.

Check Out Other Reads:

Top 10 Best MT4 Forex Brokers in the USA Fully Regulated

Top 10 Best CFD Brokers in Australia in 2023

10 Best ECN Forex Brokers in Ontario in 2023

List of 10 Forex Brokers That Accept USDT Deposit In 2023

6. TMGM

TMGM, also known as Trademax Global Markets, is an Australia-based global forex broker established in 2013.

This brokerage has several branches and is regulated by the New Zealand Financial Markets Authority (FMA), the Australian Securities and Investment Commission (ASIC), and the Vanuatu Financial Services Commission (VFSC). This platform is considered safe because the top-tier ASIC regulates it.

Features

• Supports MT 4 traders

• It is regulated by VFSC, FMA, and ASIC

• It is trustworthy

Pros

• Low forex fees 

• Easy and fast account opening 

• Free deposit and withdrawal 

Cons

• Product portfolio is limited

• Limited educational and research tools

• Payment of inactivity fees

7. FBS 

This platform is a global CFD broker established in 2009. This brokerage is regulated by multiple financial authorities globally, including the Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and the International Financial Services Commission of Belize (IFSC), and the Financial Sector Conduct Authority (FSCA).

Features

• Supports MT 4 traders

• This platform is regulated by IFSC, FSCA, ASIC, and CySEC

• Good customer service

Pros

• Low stock index CFD fees and no inactivity fee 

• Fast and seamless account opening 

• Excellent customer service & education 

Cons

• Product portfolio is limited

• Few base currencies

• No users protection for non-EU clients

8. FXCC

This platform provides brokerage services for CFD and forex traders with more than 70 currency pairs; palladium, gold, and silver, spot platinum; 8 of the top cryptocurrencies, including Ethereum, Litecoin, Bitcoin, and Ripple.

FXCC supports the popular MT 4 trading platform with a multi-account manager and multiple terminal capabilities.

FXCC MT4 platforms can be accessed on Android and iOS smartphones and tablets. FXCC employs straight-through processing/an electronic communications network (STP/ECN) model, so you get fast forex dealing spreads from top Interbank liquidity providers. 

Features

• MT 4 traders

• CFD and Forex traders

• Free demo account opening

Pros

• 100% first deposit tradable bonus

• Free VPS (Virtual Private Server)

• FXCC Supports MetaTrader 4

• FXCC has an offshore subsidiary for high leverage trading

Cons

• FXCC does not accept U.S. citizens as clients

• This platform only supports one trading platform

9. Global G.T. 

Global G.T. is a platform founded in 2020 with international aspirations and an excellent website that will focus.

This platform is the outcome of a prevalent adoption of cryptos and the digital transformation of currency markets. 

The brokerage offers investors the stability of a traditional Forex broker entrusted with their money for smooth and successful trading.

Features

• Supports MT 4 traders

• Offers free demo account

• Availability of MT5

Pros

• Properly regulated by two authorities 

• Client funds segregated from company funds 

• Provide MT5 as a trading platform

Cons

• Lacking educational content 

• Does not accept clients from the U.S. and Canada

10. X.M.

This platform is an online broker whose parent company is Trading Point Holding, a global F.X. and CFD broker established in 2009.

This broker is available globally and is regulated by three financial authorities: the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Commission of Belize (FSC).

Features

• The platform is regulated by the CySEC, FSC, and ASIC

• Supports MT 4 traders

• Good research tools

Pros

• Low withdrawal fees and stock CFD 

• Easy account opening 

• Excellent educational tools 

Cons

• Product portfolios are limited

• Average stock and forex index CFD fees

• No users protection for non-EU clients

MT4 is a flexible trading system that offers advanced trading Signals tools, technical analysis, a Market of trading robots, mobile and algorithmic trading, and much more.

They help users manage their finances and earn good money in the world’s largest financial market.

 Watch the video below to know the MT4 forex brokers list in Australia:

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