Many people considering using overseas forex brokers are probably wondering, "Which overseas forex brokers are recommended and compatible with MT4?"
MT4 is a high-performance charting and analysis tool released in 2005 and is used by traders worldwide. Even now, with its successor MT5 gaining popularity, many traders still choose MT4 because of its extensive library of Expert Advisors (EAs) and custom indicators
In this article,Comparison of 10 overseas forex brokers that support MT4I will introduce them to you. I 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
Conclusion | Key points for choosing an overseas forex broker that supports MT4
- Major overseas forex brokers still offer MT4 (as of August 2026, based on individual checks of 10 companies' websites).No brokers have announced the discontinuation of new MT4 offerings.
- However,the number of MT5-only account types is increasing(FXGT's Optimus account,AXIORY's Terra/Alpha account,IS6FX's 2000x leverage account). Confirmation of MT4 compatibility is essential when opening an account.
- The criteria for selection aresafety x leverage x trading costs x Japanese support. Trading costs can be further reduced by using cashback sites in conjunction.
*This article was created by the MoneyCharger editorial team in accordance with our content creation policy , by individually checking the MT4 compatibility status and account specifications on each broker's official website (as of August 2026). Trading conditions and supported platforms may change, so please be sure to check the latest information on each broker's official website. For precautions regarding the use of overseas FX brokers, please also check the information published by the Financial Services Agency , and for consumer troubles, please check the information published by the Consumer Affairs Agency .
Beginners in overseas forex trading are strongly encouraged to read the Complete Guide to Overseas Forex Trading for Beginners
What exactly is MT4?
MT4 is an abbreviation for "MetaTrader 4," an FX trading platform released in 2005 by MetaQuotes Software
In addition to FX, it also supports cryptocurrency and stock tradingThey specialize in FX trading in particular、It is used by FX traders all over the world
Free to useWhile that is one reason for its popularity, MT4 has many other attractive features, as listed below
- You can use an Expert Advisor (EA) to automate trading
- You can try out various EAs with backtesting
- Charts can be displayed using various indicators
- Simple and easy-to-use interface
- Customization is possible
The biggest appeal of MT4 isAutomated trading can be performed using existing automated trading systems called EAs (Expert Advisors)That's the point
Automated trading systems can be freely customized,allowing you to execute trades automatically according to your own investment strategy.
There are free and paid Expert Advisors (EAs) developed by professional traders that allow even novice investors to trade FX using the same investment strategies as professional traders
Furthermore, historical charts can be used to verify the accuracy of the EABacktesting is also possibleis
By using MT4,even busy office workers and housewives who don't have much time to dedicate to FX trading can efficiently increase their trading opportunities.
However, there are no "absolutes" in FX trading, so be sure to perform backtesting beforehand to verify the accuracy of the EA
Differences between MT4 and MT5
| item | MT4 | MT5 |
|---|---|---|
| Operating speed | slow | fast |
| Standard built-in indicators | Approximately 30 types | 38 types |
| Custom indicators | Abundant (accumulated over many years) | Less than MT4 |
| Hourly timeframe | 9 types | 21 types |
| Board information | none | can be |
| Indicative price | simple | Many features |
| Mobile app | Limited functionality | Many features |
| Customer support from overseas forex brokers | Most major brokers support this (depending on the account type). | Support is becoming mainstream (MT5-only accounts are also increasing). |
Currently, MT5, the successor to MT4, has been released
MT5 is a trading platform that is a superior version of MT4, soits basic performance, such as operating speed, is better than MT4.
On the other hand, MT4 and MT5 are not compatibleMT4 has a richer collection of custom indicators and EAs accumulated over many yearsThat's right. You cannot run an EA developed for MT4 directly on MT5
As of 2026, most major overseas forex brokers offer both MT4 and MT5, butnew account types are increasingly being MT5-only(e.g., FXGT's Optimus account,AXIORY's Terra account and Alpha account).
If you want to use your own EAs or custom indicators, try choosing an overseas forex broker and account type that supports MT4
Advantages of using an overseas forex broker that supports MT4
MT4 is a trading platform that can be used by many overseas forex brokers, but what are its actual advantages?
This chapter will explain the advantages of using overseas forex brokers that support MT4
- You can take advantage of a wide range of indicators
- You can trade effortlessly using automated trading systems (EAs)
- Risk can be managed through backtesting
- You can easily order from your smartphone
You can take advantage of a wide range of indicators
MT4 comes equipped with approximately 30 standard indicators , including major indicators such as MACD and Moving Averages
In addition to standard indicators, you can freely add countless custom indicators published by developers around the world , making it possible to create your own original analytical indicators
By customizing multiple indicators for chart analysis, you can increase the basis for making tradesYou can make more accurate tradesIt will be like this
Few trading platforms worldwide have accumulated as many custom indicators as MT4, so MT4 is recommended for those who want to trade using advanced analysis
You can trade effortlessly using automated trading systems (EAs)
If you use an overseas forex broker that supports MT4,you can use an Expert Advisor (EA) to automate your trading.
EA (Expert Advisor) isa program that automatically executes FX trades based on pre-set rules.
Using an EA (Expert Advisor), you no longer need to click to place orders every time; the program will trade based on pre-set rules
This eliminates emotional biases, such as placing large orders because you're losing , allowing you to make trades based on solid evidence.
If you use an overseas forex broker that supports MT4 and allows the operation of EAs (automated trading systems),It is possible to increase trading opportunities with very little effort
Risk can be managed through backtesting
With overseas forex brokers that support MT4, it is possible to use EAs (Expert Advisors) to perform automated trading
However, if the EA (automated trading system) has set rulesIt's not always guaranteed that you'll make a profit
On the contrary, when using an EA (automated trading system), the number of trades will be higher than when trading manually, so there is a possibility that losses will be larger
However, MT4has a built-in function that allows you to backtest EAs (Expert Advisors/automated trading systems).
Backtestingthe process of verifying whether a custom-designed Expert Advisor (EA) can generate profits based on historical data within MT4.
By backtesting multiple EAs (Expert Advisors), you can eliminate EAs that are likely to incur losses before actually starting to trade
You can easily order from your smartphone
Overseas forex brokers that support MT4 offer the advantage of being able to easily place orders even from a smartphone
MT4 has released a smartphone app, allowing you to easily place orders from your smartphone screen, whether you're using an iPhone or Android device
While it has fewer features compared to the PC version, it boastsan easy-to-use interface that allows for one-touch ordering and payment.
If you download the app to your smartphone,you can also check the trading status of your EA (Expert Advisor/automated trading system) running on your PC while you're out and about.
Disadvantages of using overseas forex brokers that support MT4
MT4 is a very effective trading platform when using overseas forex brokers
However, there are also disadvantages, so it's important to understand them beforehand
- It has many functions and takes time to get used to
- With EA (Expert Advisor/automated trading), you need to keep your PC running at all times
- New account types and feature development are increasingly centered around MT5
It has many functions and takes time to get used to
Because MT4 is equipped with a wealth of features,It takes time to get used to it
The biggest feature of MT4 isits ability to customize a wide range of indicators, but for FX beginners in particular, it can feel very difficult because they have to start by understanding FX terminology.
Furthermore, regarding EAs (automated trading systems) and backtesting, it is necessary to consult manuals written in specialized terminology before actually using them, so it will take some time before you can truly master them
However, the basic order placement and chart display are simple, soeven beginners in FX can use it without any problems.
MT4 has been the standard trading platform in the FX industry for many years, so there is plenty of explanatory articles and configuration information available. Gain solid experience and become proficient in using it
With EA (Expert Advisor/automated trading), you need to keep your PC running at all times
When using an EA (Expert Advisor) to perform automated trading, you need to keep MT4 running on your PC at all times
The fact that it automatically trades 24 hours a day is appealing, butThere is a possibility that the EA (automated trading system) may stop working due to communication failures or power outages at home
Additionally, since electricity costs are incurred while the EA (automated trading system) is running, a certain level of running costs will also be necessary
To solve these disadvantagesUsing a VPS is recommendedis
Using a VPS allows you to run EAs (Expert Advisors/automated trading systems) even when MT4 is not running on your home PC
While VPS services are generally paid, some overseas forex brokers that support MT4may offer them for free if certain conditions are met.
If you want to trade while keeping costs down, check out Exness and TitanFX , which offer free VPS services
New account types and feature development are increasingly centered around MT5
MetaQuotes, the developer, is currentlyDevelopment has shifted its focus to MT5, and no major updates have been made to MT4
Among overseas forex brokers,FXGT's Optimus account andAXIORY's Terra and Alpha accountsthere is an increasing trend of new account types being exclusively for MT5,(as of August 2026, confirmed on each company's official website).
However, none of the 10 companies mentioned in this articlehave announced that they will be discontinuing the provision of new MT4 services, so there is no need to worry about it becoming unusable anytime soon (for more details,please refer to the FAQ "How long can I use MT4?").
If you plan to use it for a long time, it's a good idea to run your existing EA assets on MT4 and choose a broker that supports both MT4 and MT5 to ensure a smooth transition in the future
Key points to consider when choosing an overseas forex broker that supports MT4
When choosing an overseas forex broker that supports MT4, keep the following points in mind
- Is it an MT4-compatible account type?
- Is there any safety issue?
- Is the maximum leverage high?
- Are the transaction costs low?
- Are there any bonus campaigns?
- Is there Japanese language support?
I will explain each of them
Is it an MT4-compatible account type?
First and foremost,It is essential to confirm whether the account type you are opening is compatible with MT4is
Even if a broker supports MT4,an increasing number of new account types are exclusively for MT5(as of August 2026, based on information from each company's official website).
- FXGT:Optimus accounts are MT5 only(STANDARD, MINI, PRO, ECN ZERO, etc. are MT4 compatible).
- AXIORY:Terra Account and Alpha Account are MT5 only(Zero Account is compatible with MT4/MT5/cTrader)
- IS6FX:2000x leverage account and crypto account are MT5 only(Standard and other accounts are MT4 compatible).
- XMTrading: The initial account automatically generated upon new registrationdefaults to MT5(MT4 can be selected during account creation).
When you are prompted to choose a platform during the account opening process, be sure to select "MT4"
Is there any safety issue?
When choosing an overseas forex broker that supports MT4,It is important to ensure that there are no safety issuesis
Because most overseas forex brokers are outside the jurisdiction of Japan's Financial Services Agency, even if you suffer from malicious withdrawal refusals or account freezes, you are not entitled to full compensationself-responsibilityThis is the result
ways to verify the safety of an overseas forex broker includechecking their financial licenses and operational track record. Checking reviews from actual users on social media and the internet is also a good strategy.
Beforehand, be sure to check the key points for determining the safety of overseas forex trading
Is the maximum leverage high?
When choosing an overseas forex broker that supports MT4,It is recommended to choose a broker with a high maximum leverageis
Choosing a broker with high leverage allows you to perform the same trades with less margin , thus improving capital efficiency. Many overseas forex brokers have implemented a zero-cut system , which prevents margin calls exceeding your initial deposit , so you don't have to worry about losses (debt) exceeding your initial investment.
Check out our ranking of recommended overseas forex brokers based on leverage comparisons to find brokers with favorable leverage conditions
Are the transaction costs low?
When choosing an overseas forex broker that supports MT4,Choosing a broker with low transaction costs is more efficient
The trading costs incurred with overseas forex brokers consist of three types: "spread," "trading commission," and "deposit and withdrawal fees." The spread, in particular, directly impacts profits and losses, so be sure to check the spread for each account type before opening an account
Furthermore, since EAs (automated trading systems) involve a high number of trades,using cashback sites to receive a portion of the spread backcan significantly reduce the actual cost.
Check out our ranking of recommended overseas forex brokers based on their spreads to find brokers with low spreads
Are there any bonus campaigns?
When choosing an overseas forex broker that supports MT4, in order to start trading advantageously,It's recommended to choose a company that offers generous bonus campaignsis
With overseas forex brokers offering generous bonuses and campaigns,you can trade with more capital than you actually have.Many brokers offer account opening bonuses (no deposit required) and 100% deposit bonuses, which can be used to test out Expert Advisors (EAs).
However, bonus amounts and conditions change frequently depending on the time of year, so it's important to compare using the latest information
For the latest overseas forex bonus information, please check the Overseas Forex Latest Bonus Campaign Ranking
Is there Japanese language support?
When choosing an overseas forex broker that supports MT4,It's recommended to choose a company that offers comprehensive Japanese language supportis
Especially when using overseas forex brokers that support MT4, since automated trading programs (EAs) are often installed along with MT4, choosing a broker that does not offer Japanese language support can be problematicWhen you encounter problems with the settings, it becomes difficult to resolve them
Among overseas forex brokers that offer Japanese language support,we especially recommend those that have Japanese staff on-site.
The support hours and channels for Japanese language support offered by each company are compiled from officially confirmed information in " A Thorough Comparison of Japanese Language Support at Overseas Forex Brokers ."
A comparison of 10 recommended overseas forex brokers that support MT4
We have created a comparison table of 10 recommended FX companies (overseas securities companies/FX brokers) that support MT4 (as of August 2026; the support status was individually checked on each company's official website)
| Overseas Forex Brokers | MT4 compatible | Maximum leverage | Details and account opening |
|---|---|---|---|
 Exness | ○ (Available for most accounts) | Unlimited (with conditions) | Manecha'sExnesspage |
 HFM | ○ (All accounts) | 2,000 times | Manecha'sHFMpage |
 FXGT | ○ (Other than Optimus accounts) | 5,000x leverage (Optimus and FX Major only) | MoneyChat'sFXGTpage |
 XMTrading | ○ (Selected when creating an account) | 1,000 times | XM CB Guide |
 BigBoss | ○ | 2,222 times | Manecha'sBigBosspage |
 AXIORY | ○ (Zero/Nano, etc. Terra Alpha is MT5 exclusive) | 1,000 times | Manecha'sAXIORYpage |
 TitanFX | ○ (All accounts) | 1,000 times | MoneyChat's TitanFX page |
 ThreeTrader | ○ | 1,000 times | MoneyChat'sThreeTraderpage |
 Vantage | ○ | 2,000x leverage (Premium account) | Manecha'sVantagepage |
 IS6FX | ○ (Most accounts. 2000x leverage / Crypto accounts are MT5 only) | 1,000x leverage (some accounts offer 6,666x leverage) | Manecha'sIS6FXpage |
The brokers featured here are highly ranked in our ranking of popular and recommended overseas forex brokers, based on actual customer reviews
Exness| Unlimited leverage and industry-leading narrow spreads
Exnessisan overseas forex broker that supports MT4 and MT5. For most account types, including Standard, Pro, Zero, and Raw Spread, you can choose between MT4 and MT5 when creating an account.
The most distinctive feature isThe ability to trade with unlimited high leverage(This applies to certain conditions, such as having an effective margin of less than $5,000.)
Furthermore, it is well-regarded for its narrow spreads and large number of swap-free instruments , resulting in low costs per trade. Free use of a VPS is also available if certain balance and trading volume conditions are met (conditions may change, so please check the official website).
| MT4 | 〇 |
| MT5 | 〇 |
| cTrader | × |
| Automated trading (EA) | 〇 |
| Establishment | 2008 |
| Ordering method | NDD method |
| Fund management methods | Separate management |
| Zero Cut System | can be |
| Maximum leverage | Unlimited (with conditions) |
ExnessFor a detailed review of , please see " ExnessReviews and Testimonials Summary "
Get great deals with cashback!
HFM| All 6 accounts are MT4 compatible, so you can't get lost
HFMisan overseas forex broker that supports MT4 and MT5 across all six account types. Since MT4 is available regardless of which account you choose, it's easy to decide which account to use.
Maximum leverage is 2,000 timesAlthough its fees are lower thanExness, it offers the advantage of more capital-efficient trading than domestic FX brokers. It also boasts a wide range of tradable instruments, from major to minor products
Because the group companies hold multiple financial licenses, including the UK's FCA, which are difficult to obtain, it is suitable for people using overseas forex brokers for the first timeRecommended for those who prioritize a sense of securityis
| MT4 | ○ (All accounts) |
| MT5 | 〇 |
| cTrader | × |
| Automated trading (EA) | 〇 |
| Establishment | 2010 |
| Ordering method | NDD method |
| Fund management methods | Separate management |
| Zero Cut System | can be |
| Maximum leverage | 2,000 times |
HFMA detailed review of can be found in " HFMReviews and User Feedback Summary "
Get great deals with cashback!
FXGT| Abundant Bonuses (MT4 available with accounts other than Optimus)
FXGTisan overseas forex broker that supports MT4 and MT5. It is a relatively new forex broker established in 2019, and initially only supported MT5, but began supporting MT4 in June 2023.
However, please note the following:The flagship "Optimus account," which offers leverage up to 5,000x, is MT5-only and is not compatible with MT4(As of August 2026 - officially confirmed). If you want to use MT4, choose an account such as STANDARD, MINI, PRO, or ECN ZERO
FXGTOne of the attractive features of this FX broker is the generous bonuses they offerYes. You can receive a bonus worth $70 (approximately $62.50) just by opening an account, with no deposit required. In addition, there are also campaigns offering deposit bonuses, etc. (For the latest amounts and conditions, please check...)Bonus Comparison Ranking(Please check there.)
| MT4 | ○ (Other than Optimus accounts) |
| MT5 | ○ (All accounts) |
| cTrader | × |
| Automated trading (EA) | 〇 |
| Establishment | 2019 |
| Ordering method | NDD method |
| Fund management methods | Separate management |
| Zero Cut System | can be |
| Maximum leverage | 5,000x leverage (Optimus and FX Major only) |
FXGTA detailed review of can be found on " MoneyChat'sFXGTIntroduction Page "
Get great deals with cashback!
XMTrading | The most popular choice among Japanese users, offering peace of mind
XMTradingisan overseas forex broker that supports MT4 and MT5.
As a point to note,The initial account automatically generated upon new registration defaults to MT5(As of August 2026 - Official FAQ). If you want to use MT4, please select "MT4" as the platform when creating your account. Note that stock CFDs are MT5 only
XMTrading also offers its own "XMTrading app," allowing users to trade from their smartphones and tablets .
XMTradingIts greatest appeal is reliabilityThat's right. Among the many overseas forex brokers..It is the most popular among Japanese peopleThere are also many communities where you can exchange opinions,People who are completely new to FX tradingRecommended for:
| MT4 | ○ (Selected when creating an account) |
| MT5 | ○ (Default for initial account) |
| cTrader | × |
| Automated trading (EA) | 〇 |
| Establishment | 2009 |
| Ordering method | NDD method |
| Fund management methods | Separate management |
| Zero Cut System | can be |
| Maximum leverage | 1,000 times |
For a detailed review of XMTrading, please see " XMTrading Reviews and Testimonials "
Get great deals with cashback!
BigBoss| Account opening bonus approx. $93.75 and high execution speed
BigBossisan overseas forex broker that supports MT4 and MT5.
It also supports automated trading (EAs), and the official website provides detailed instructions on how to install MT4 and set up EAs . The MT4 live servers are also currently operational
BigBossOverseas forex brokers with attractive bonusesAlso, you can receive a bonus of approximately $93.75 (no deposit required) when you open an account, and deposit bonuses and other promotions are currently underway
Furthermore, because we use servers from Equinix, a company with high international reliability, lag is less likely to occur, andslippage and order rejections tend to be less frequent.
| MT4 | 〇 |
| MT5 | 〇 |
| cTrader | × |
| Automated trading (EA) | 〇 |
| Establishment | 2013 |
| Ordering method | NDD method |
| Fund management methods | Separate management |
| Zero Cut System | can be |
| Maximum leverage | 2,222 times |
BigBossFor a detailed review of , please see " BigBossReviews and User Feedback Summary "
Get great deals with cashback!
AXIORY| High execution speed and transparency, with cTrader also available
AXIORYisan overseas forex broker that supports MT4, MT5, and cTrader.
However, the supported platforms vary depending on the account typeThe Zero account supports MT4/MT5/cTrader, the Standard, Nano, and Max accounts support MT4 and cTrader, and the Terra and Alpha accounts are MT5 only(As of August 2026, officially confirmed). If you want to use an EA with MT4, choose a Zero, Standard, or Nano account
"To eliminate the limits of transactions."With the motto of providing a trading environment with high execution speed and narrow spreads, we offer a high level of transparency by publishing real-time spread and execution data. We recommend our platform to those who want to trade with high accuracy and minimize trading costs
| MT4 | ○ (Zero/Standard/Nano/Max Account) |
| MT5 | ○ (Zero/Tera/Alpha Account) |
| cTrader | 〇 |
| Automated trading (EA) | 〇 |
| Establishment | 2011 (FX service launched) |
| Ordering method | NDD method |
| Fund management methods | Separate management/trust preservation |
| Zero Cut System | can be |
| Maximum leverage | 1,000x (MAX account offers 2,000x) |
AXIORYFor a detailed review of , please see " AXIORYReviews and User Feedback Summary "
Get great deals with cashback!
TitanFX | All accounts support MT4 x Industry-leading execution speed
TitanFXisan overseas forex broker where all accounts (Zero Standard/Zero Blade/Zero Micro) are compatible with MT4 and MT5. MT4 can be used on PC, Mac, iOS, Android, and WebTrader.
TitanFX uses high-performance servers from "Equinix," which are also used by financial institutions and major IT companies in various countriesIndustry-leading execution capabilitiesThis has been achieved
Additionally, by meeting certain conditions, such as trading 5 lots or more per month and maintaining a certain account balance, you can use a VPS (Virtual Private Server) free of charge to run automated trading systems (EAs) 24 hours a day (conditions may change, so please check the official website)
While there aren't any flashy bonuses, they do offer a dedicated app called " that allows you to copy professional trading strategiesTitan FX Social"
| MT4 | ○ (All accounts) |
| MT5 | ○ (All accounts) |
| cTrader | × |
| Automated trading (EA) | 〇 |
| Establishment | 2014 |
| Ordering method | NDD method |
| Fund management methods | Separate management |
| Zero Cut System | can be |
| Maximum leverage | 1,000x leverage (2,000x leverage for micro accounts) |
A detailed review of TitanFX can be found in " TitanFX Reviews and User Feedback Summary "
Get great deals with cashback!
ThreeTrader| Industry's lowest trading costs, ideal for EAs
ThreeTraderisan overseas forex broker that supports MT4 and MT5. EAs (Expert Advisors/automated trading systems) can be used with both Raw Zero and Pure Spread accounts.
Although it is a relatively new company established in 2021,Low spreads and low transaction feesIt is highly regarded by Japanese traders. Its unique points program, which allows users to exchange points earned through trading for gadgets or cash, is also popular
This is a strong option for those who want to run an EA on MT4 with trading costs as their top priority
| MT4 | 〇 |
| MT5 | 〇 |
| cTrader | × |
| Automated trading (EA) | 〇 |
| Establishment | 2021 |
| Ordering method | NDD method |
| Fund management methods | Separate management |
| Zero Cut System | can be |
| Maximum leverage | 1,000 times |
ThreeTraderA detailed review of can be found in " ThreeTraderReviews and User Feedback Summary "
Get great deals with cashback!
Vantage| Up to 2,000x leverage, ideal environment for scalping
Vantageisan overseas forex broker that supports MT4 and MT5. Both the Standard account (up to 1,000x leverage) and the Premium account (up to 2,000x leverage) allow for EA (Expert Advisor) trading using MT4/MT5.
Known for its narrow spreads and reliable execution,A trading environment suitable for scalping and high-frequency trading with EAsThe necessary infrastructure is in place. Campaigns such as account opening bonuses are also held regularly
| MT4 | 〇 |
| MT5 | 〇 |
| cTrader | × |
| Automated trading (EA) | 〇 |
| Ordering method | NDD method |
| Fund management methods | Separate management |
| Zero Cut System | can be |
| Maximum leverage | 2,000x leverage (Premium account) |
VantageA detailed review of can be found in " VantageReviews and User Feedback Summary "
Get great deals with cashback!
IS6FX| Expanding MT4-compatible accounts with generous bonuses
IS6FXisan overseas forex broker where most account types are compatible with MT4 and MT5. MT4 can be used with Micro, Standard, Pro Zero, and EX accounts (the 2000x leverage account and Crypto account are MT5-onlyas of August 2026).
One notable feature is the expansion of MT4 support, such as the EX account, which was previously exclusive to MT5, now supporting MT4
The biggest attraction isThe bonus campaign is generousThey actively offer account opening bonuses (approximately $18.75 to approximately $143.75, depending on the time of year) and deposit bonuses. Even those with limited funds can easily trade using the bonuses they receive
| MT4 | ○ (Most accounts) |
| MT5 | 〇 |
| cTrader | × |
| Automated trading (EA) | 〇 |
| Establishment | 2016 |
| Fund management methods | Separate management |
| Zero Cut System | can be |
| Maximum leverage | 1,000x leverage (with some exceptions, such as accounts with 6,666x leverage) |
IS6FXA detailed review of can be found on " MoneyChat'sIS6FXIntroduction Page "
Get great deals with cashback!
Frequently Asked Questions about Overseas Forex Brokers that Support MT4
Finally, we will answer some frequently asked questions regarding overseas forex brokers that support MT4
Which overseas forex broker is best for MT4 compatibility?
MT4 compatibleMy recommended overseas forex broker is "Exness"is
Exnessallowsyou to trade with unlimited high leverageif you meet the conditions, making efficient trading possible even with a small amount of margin.Another attractive feature is its industry-leading narrow spreads, allowing you to trade while keeping transaction costs down.
HFMTitanFX, which supports MT4 for all accounts and is easy to use, andAXIORYknown for its strong execution capabilities, are also recommended
How long will MT4 be available? Are there any plans to discontinue the service?
As of August 2026,none of the 10 companies mentioned in this article have announced the discontinuation of new MT4 subscriptions(confirmed on each company's official website).
However,FXGT's Optimus account andAXIORYsuch asnewer account types,, tend to be MT5-only. As the transition to MT5 is expected to progress in the long term, it's advisable for new traders to choose a broker that offers both MT5 and MT5.
Which should I choose, MT4 or MT5?
If the EA or custom indicator you want to use is for MT4, then MT4is recommended. If you don't have any particular preference, then the faster MT5 is a good choice.
MT4 and MT5 are not compatible; EAs designed for MT4 will not work on MT5. MT4 is suitable for those who want to use their long-accumulated EA portfolio, while MT5 is better for those who primarily engage in discretionary trading using order book information and a wide range of timeframes
Can I use MT4 with domestic FX brokers?
While some domestic FX brokers offer MT4 support,they are in the minority, and overseas FX brokers offer a wider range of options.
Furthermore, since domestic brokers are restricted to a maximum leverage of 25 times, if you want to trade using the combination of MT4, high leverage, and EA, overseas FX brokers are your option (the differences between domestic and overseas brokers are explained in " Differences between Overseas FX and Domestic FX ")
Can I trade using MT4 on my smartphone?
MT4 trading can also be done on smartphones
MT4 has released a smartphone app that is compatible with both iPhone and AndroidfreeIt is available on [platform name]. The smartphone app has simpler functions compared to the PC version,One-touch ordering is also available, allowing you to trade even when you're on the go
How do I download MT4?
MT4downloaded from the official website. The specific steps are as follows:
- Opening an account with an overseas forex broker (select MT4 as the platform)
- Download MT4 from the official website of an overseas forex broker
- Log in to your account in MT4
Downloading MT4 is a simple process,It's not particularly difficult
Summary: Check the MT4-compatible account types before choosing a broker
In this article, we compared and introduced 10 overseas forex brokers that support MT4
MT4 offers approximately 30 standard indicators and countless custom indicators. When used in conjunction with EAs (Expert Advisors) and backtesting,it allows for efficient, evidence-based trading.
All major brokers continue to offer MT4,New account types are increasingly being made exclusively for MT5Therefore, when opening an account, be sure to check if it is an MT4-compatible account type
Furthermore, since EAs (automated trading systems) involve a large number of trades,opening an account through the cashback site "Money Charger (Manecha)" and receiving a portion of the spread backcan significantly reduce the effective trading costs.
