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Best MetaTrader Brokers 2021

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The best MetaTrader brokers in 2021 are XM, Pepperstone, IC Markets, FP Markets, FX Pro, Vantage FX. New investors choose the user-friendly services at XM Group. Active traders choose Vantage FX because of its excellent pricing for higher balances. 

Each MetaTrader broker has strengths and weaknesses. This article discusses the best MetaTrader brokers in 2021. 

The Top 6 MetaTrader Brokers In 2021 

We use in our reviews a Trust Score Ranking System. The brokers mentioned below offer the best trading services: 

  • IC Markets  is the best overall MetaTrader broker. 
  • FP Markets  has competitive pricing. 
  • XM Group  has the best offer for new traders. 
  • Pepperstone offers the MetaTrader suite with add-ons. 
  • FxPro  has average pricing and excellent services. 
  • Vantage FX  has excellent pricing for higher balances. 
RANKBROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1XM GroupLeading educational content​4.7/5Best offer for new traders Official website
#2PepperstoneUseful learning tools 4.8/5 MetaTrader suite with add-onsOfficial website
#3IC MarketsStraightforward fee reports 4/5Best overall MetaTrader Official website
#4FP MarketsVirtual trading account 4/5Competitive pricing Official website
#5FX ProOffers insights from education leaders 3.8/5Excellent services Official website
#6Vantage FX Excellent mobile apps3.5/5Best pricing for higher balances Official website

 

TOP 6 MetaTrader Brokers in Overview: 

01. XM Group: Best Offer For New Traders 

xm-forex-logo

XM Group is a MetaTrader-only broker with beginner-friendly services. It has top-tier licenses from the IFSC, ASIC, FCA, and CySEC. XM stands out because of its leading educational content and market research. 

XM offers both the MT4 and MT5 suites. These are user-friendly and highly customizable. XM has a valuable research center with articles, charting, and trading signals. It has investor trading support and a demo account. 


02. Pepperstone: Best MetaTrader Broker With Add-ons 

Pepperstone is a leading CFD and forex broker with access to MetaTrader. It has a transparent account opening process and fees structure. Pepperstone is a safe broker with licenses from the FCA, DFSA, and ASIC. 

This broker has an extensive range of web and desktop trading platforms, including the MetaTrader suite. These come with useful learning tools, including cTrader and copy trading. Pepperstone offers many add-ons that boost the basic MetaTrader experience. 


03. IC Markets: Best Overall MetaTrader Broker 

IC Markets is a leading online broker with access to the full MetaTrader suite. It has a comprehensive portfolio and auto-trading services. IC Markets has top-tier licenses from the FSA, CySEC, and ASIC. This broker offers excellent educational materials, including webinars and investor dictionaries. 

IC Markets offers the MetaTrader suite as its mobile and web platforms. Both are powerful and complex platforms. This broker has excellent customizability and straightforward fee reports. 


04. FP Markets: Versatile MetaTrader Broker With Competitive Pricing 

FP Markets is a MetaTrader broker with low costs and an ASIC license. This broker uses the entire MetaTrader suite, offering reliable learning tools. It offers a virtual trading account and a dedicated learning center. 

This broker is a good choice for new traders. It offers powerful trading tools, including watch lists, charting, and trading videos. 


05. FxPro: Best Online Trading Services With Average Pricing 

FxPro is a MetaTrader broker offering both MT4 and MT5 platforms. It has many account tiers and execution methods. FxPro offers an excellent learning center with written content and videos. It offers insights from education leaders, including IG and FXCM. 

This broker has a proprietary web platform, FxPro Edge, and access to cTrader and MetaTrader. It has a demo account and useful social trading tools. 


06. Vantage FX: Best Pricing For Higher Balances 

Vantage FX is one of the leading brokerage firms with excellent mobile apps and learning tools. It offers an active trader discount and a minimum deposit fee of $200. This broker has top-tier licenses from the ASIC and FCA. 

Vantage FX is different from other MetaTrader-only brokers as it has many compatible 3rd party platforms. It has the full MetaTrader suite with SmartTrader tools. Vantage FX provides access to social trading and educational tools. There are active trading discounts for accounts with balances over $10,000. 


Final Verdict  

IC Markets, FP Markets, XM Group, Pepperstone, FxPro, Vantage Fx, and Swissquote are leading MetaTrader brokers in 2021. IC Markets is our top choice because of its comprehensive offer and services. XM Group is an excellent choice for new traders, while Swissquote is a good fit for professionals. 

Frequently Asked Questions  

We review MetaTrader brokers with real money and accounts. Our results use 105 criteria like safety, portfolio, and fees. 

How To Choose A MetaTrader Broker? 

We recommend you read our in-depth online broker reviews to learn about MetaTrader brokers. Most brokers offer a demo account to test their offering and help you decide which is the best choice for you. 

Is There Any Difference Between MT4 and MT5? 

MT4 is the prior generation of software, while MT5 is the latest one. MT4 is widely available and offers access to hundreds of 3rd party addons. MT5 does not support all of those 3rd party addons and instead, adds support for stock options trading and futures trading. MT5 includes premium functions, including cloud storage and historical backtesting. 

Is Copy Trading And Automated Trading Available With MetaTrader? 

Both services are available within the MetaTrader ecosystem. The signals market available on the MQL5 community allows users to copy the live traders of approved providers. Both MT4 and MT5 use the Expert Advisors platforms for automated trading systems. 

How To Create A Less Risky Automated Trading Strategy? 

There are both advantages and disadvantages to automated trading. Reading about these services in our in-depth review is useful when creating the best strategy. 

A reliable automated trading strategy starts with research. Learning the trading methodology might lead to excellent results. Comparing historical performances to similar automated strategies offers useful insights. Our professional advice is to test each new strategy in a demo account and then with a small amount of capital. If the strategy is profitable, increase the capital invested over time. 


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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