What is an MT4 broker?

Any broker that offers the MetaTrader 4 (MT4) trading software can be considered an MT4 broker. MetaTrader 4 and MetaTrader 5 (MT5) belong to a suite of trading platforms developed by MetaQuotes Software Corp. for mobile, web, and desktop computers.

Is MT4 trading legal in the US?

This might come as a surprise to US readers, as MT4 is the world’s most popular trading platform for retail traders and is a common option for brokers to offer their clients throughout the rest of the world. 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.

Is MetaTrader a broker?

No. It’s important to note MetaTrader itself is an independent trading platform and not a brokerage firm. An MT4 forex broker offers the platform to users for them to open and manage their positions and accounts through the trading conditions they provide.

Who is the best social trading MT4 broker?

FXTM: One Of The Leading Social Trading MT4 Brokers Founded in 2011, FXTM is a well-known global Mauritius-based CFD broker with additional regulatory licenses from Cyprus and the United Kingdom.