Many people considering using overseas forex brokers are likely wondering, "Which overseas forex brokers are recommended for MT4 compatibility?" MT4 is a high-performance chart analysis tool developed by a Russian company in 2005 and used by traders worldwide. Currently, MT5 has been released as the successor to MT4, but the two tools are not compatible, so the transition is not progressing smoothly. This article introduces overseas forex brokers that support MT4. We will also explain the differences between MT4 and MT5, as well as the advantages and disadvantages of MT4, so please use this as a reference. If you have any of the following concerns, please read to the end. For overseas forex beginners, we recommend reading the Complete Guide for Overseas Forex Beginners. Scroll horizontally Overseas Forex Brokers Features Official Website ・Supports MT4 and MT5 ・Holds multiple highly reliable financial licenses ・Unlimited high leverage Official Website ・Supports MT4 and MT5 ・Holds highly reliable financial licenses such as FCA and FSCA ・Asset guarantee system allows you to trade with peace of mind Official Website ・Supports MT4 and MT5 ・Offers a bonus of up to 800,000 yen ・Used by 70,000 traders worldwide Official Website Contents 1 What is MT4 in the first place? 1.1 Differences between MT4 and MT5 2 Advantages of using an overseas FX broker that supports MT4 2.1 You can use more than 50 types of indicators 2.2 You can trade effortlessly using automated trading (EA) 2.3 You can manage risk with backtesting 2.4 You can easily place orders from your smartphone 3 Disadvantages of using an overseas FX broker that supports MT4 3.1 There are many functions and it takes time to get used to them 3.2 You need to keep your PC running at all times when using EA (automated trading) 4 Points to consider when choosing an overseas FX broker that supports MT4 4.1 Is it safe? 4.2 Is the maximum leverage high? 4.3 Are the trading costs low? 4.4 Are there bonuses and campaigns? 4.5 Is there Japanese support? 5 Recommended overseas FX brokers that support MT4 5.1 Exness 5.2 HFM 5.3 FXGT 5.4 XM Trading 5.5 Big Boss 5.6 AXIORY 5.7 TitanFX 5.8 FBS 5.9 IS6FX 5.10 TRADEVIEW 6 Frequently asked questions about overseas FX brokers that support MT4 6.1 Which overseas FX brokers are recommended for MT4 compatibility? 6.2 Can MT4 trading be done on a smartphone? 6.3 How do I download MT4? 7 Summary What exactly is MT4? MT4 (MetaTrader4) is an FX trading platform developed in 2005 by MetaQuotes Software, a Russian company. ... Continue reading Comparison list of recommended overseas FX brokers compatible with MT4 | Explanation of differences from MT5, advantages and disadvantages