The MT4 trading platform was first created in 2005 by a company called MetaQuotes. It a very popular platform and it is offered by many forex brokers. You can use it to trade a wide range of instruments including forex, shares, indices, commodities, metals, and cryptocurrencies. It has many features including chart indicators, technical indicators, and trading robots, and customizable trading tools. Here is a list of some of the most popular MT4 brokers in the forex industry.
MT4 Forex Brokers
Broker | Features | Broker Review | Visit |
 | * CMA regulated * 1:1000 leverage * 1200+ instruments | ||
 | * CMA regulated * $200 min. deposit | ||
 | * CMA regulated * 1:400 leverage * $5 min, deposit | ||
 | * 1:1000 leverage * 950+ instruments * Copy trading | ||
 | * 1:1000 leverage * 210+ instruments * Free education | ||
 | * 1:500 leverage | ||
 | * 1:500 leverage | ||
 | * 1:500 leverage | ||
 | *1:500 leverage | ||
 | * 1:500 leverage * 390 instruments * Tight spreads | ||
 | * Cryptotrading | ||
 | * Low minimum deposit | ||
 | * 1:500 leverage * 300+ instruments * Low minimum deposit | ||
 | * 1:777 leverage | ||
 | * 1:500 leverage * 800+ instruments * African Broker | ||
 | * 1:1000 leverage | ||
 | * 1:1000 leverage | ||
 | * 1:1000 leverage |
How To Choose The Best MT4 Broker
If you’re a newbie trader, it can be hard to know which forex brokers in Nigeria offers the best online trading platforms. When you visit a forex broker’s website, you can usually check which trading platforms they offer before opening an account. You can also check what trading instruments they offer and how good their trading conditions are. Here are a few key things to look out for when choosing a broker:
- Regulation – Check if a forex broker is regulated a reputable regulatory body. It is important to check their current regulatory status and if they have a licence to operate in your country. Be sure to also check that they have client fund protection measures and negative balance protection.
- Trading Conditions – Check what trading instruments are available. A good forex broker will usually offer a wide selection of assets including forex, stocks, commodities, and cryptocurrencies. Make sure you also check their leverage and spreads.
- Minimum Deposits – Check their minimum deposit requirements and check that they offer a good selection of payment methods. Common options include debit cards, credit cards, wire transfers, and e-wallets. Make sure you have access to one of these payment options and that you will be able to easily withdraw your money.
- Trading Support – Check that the forex broker can offer you the support and resources you need to become a good forex trader. Many forex brokers provide free learning materials and free market analysis. Look for a forex broker that also gives you access to free trading tools such as calculators, economic calendars, EAs, and chart indicators.