Licence records: CMA 262; ASIC 406684; FSC SIBA/L/13/1049; FSA 関東財務局長（金商）第1662号; FSCA 45984; CBI C53877; ADGM 190018

Broker summary: AvaTrade's record gives readers a platform list to work from: MT4 appears alongside MT5 and a proprietary platform. Its licence table is among the widest here, with seven entries naming companies in Australia, Ireland, Japan, Kenya, South Africa, the United Arab Emirates and the Virgin Islands. Those are separate legal entities with their own references, so a reader should identify the company that would open the account before comparing anything else.

The main limitation is account detail. The account list returned for this record is empty and the account-type field is blank, so no spread, commission, minimum funding amount or leverage figure can be attached to a specific MT4 account here. That absence is not evidence of low cost. Ask for the written schedule for the named entity, including the margin terms and the circumstances in which leverage would be reduced.

Pros

• MT4 is listed together with MT5 and a proprietary platform
• Seven licence records name the legal entity behind each entry
• The record supports entity-level verification rather than brand-level assumptions

Drawbacks

• No account entries are recorded, so no account terms can be compared
• Seven entities mean the onboarding company has to be confirmed first

Licence records: ASIC 309763; FCA 217689; FSCA 46534; CYSEC 392/20; ISA 515234623

Broker summary: FXCM's structured platform field lists MT4 next to a proprietary platform, which is enough to place it in an MT4 comparison without relying on marketing copy. The licence records name five companies, in Australia, Cyprus, Israel, South Africa and the United Kingdom. Each carries its own reference, so the brand should be read as a group of authorised entities rather than one globally licensed firm.

Two gaps limit what can be compared. The record contains no United States licence entry, so a reader searching for a broker authorised for United States residents should treat the global platform list as separate from local availability. The account list is also empty, with no account-type, leverage or minimum funding value. Start with the contracting company: does that entity accept your residence, and what does its MT4 account schedule say? A blank field is unresolved, not a favourable term.

Pros

• MT4 is recorded alongside a proprietary platform
• Five licence entries identify the entity and reference for each market
• The absence of a United States record is visible rather than implied

Drawbacks

• No account entries are recorded, so costs and leverage are unknown
• No United States licence record appears in this data

Licence records: FCA 571881; FMA 197465; ASIC 414198; FSA SD009; FSCA 51886

Broker summary: EC Markets records three account labels, ECN, STD and PRO, and each entry carries leverage of 1:1000 with a minimum deposit of 0.01. The spread descriptions differentiate them: the ECN and PRO entries start from 0.0 while the STD entry starts from 1.0. All three mark scalping, expert advisors and hedging as supported, which matters if the account is intended for automated or short-term strategies.

Those spread figures are starting points rather than an all-in cost. They omit commission, swap rates and the instruments covered, and the record does not show which account is paired with MT4 rather than MT5. Leverage of 1:1000 also carries a margin risk that is easy to underestimate, because a small adverse move consumes a large share of the balance. Get the applicable cap and the margin call procedure for your entity in writing before sizing positions.

Pros

• Three accounts record spread, leverage and minimum funding values
• ECN and PRO accounts quote spreads from 0.0
• Scalping, expert advisors and hedging are recorded as available

Drawbacks

• Commission and swap terms are not recorded for any account
• The account-to-platform mapping for MT4 is not stated

Licence records: FCA 744501; ASIC 496371; VFSC 40354; FSCA 51545

Broker summary: GTCFX lists MT4 alongside MT5, cTrader and a proprietary platform, one of the two four-platform line-ups in this table. Its two recorded accounts differ in leverage, not just in name. The ECN entry shows a spread from 0.0 with leverage of 1:500; the Standard entry shows a spread of 1.0 with leverage of 1:2000. Both mark scalping, expert advisors and hedging as available, and neither records a minimum deposit.

The mismatch between those leverage figures is the detail to watch. A higher figure on the Standard account raises both the position a balance can support and the cash effect of an adverse move. Confirm the cap for the entity that would onboard you, because 1:2000 is unlikely to apply unchanged in every jurisdiction. Minimum funding, commission and swap terms are blank here, so the total cost of either account cannot be calculated from this record alone.

Pros

• MT4 is recorded with MT5, cTrader and a proprietary platform
• Spreads and leverage are stated for both account types
• Permissions for scalping, expert advisors and hedging are recorded

Drawbacks

• Leverage differs sharply between the two accounts
• No minimum deposit, commission or swap terms are recorded

Licence records: FSA SD093; FCA 760555; CYSEC 285/15; ASIC 418036; FSCA 44816; SFC BUM667; SERC 040

Broker summary: ATFX records four account labels, Raw Pro, Raw, Edge and Standard, with spreads starting at 0.0, 0.0, 0.8 and 1.1 respectively. Every entry shows the same leverage of 1:400 and marks scalping, expert advisors and hedging as supported. The licence table names companies in the United Kingdom, Cyprus, Australia, South Africa, Hong Kong and Cambodia, plus an offshore record, giving readers a specific entity to check in each market.

The limitation is cost transparency. No minimum deposit is recorded for any of the four accounts, and commission, swap and instrument coverage are absent. The 1:400 leverage cap is modest compared with several entries here, which reduces the position a given balance can support and is worth checking against an intended strategy. Ask for the entity, account name and full fee schedule before treating these spreads as comparable.

Pros

• Four accounts record distinct starting spreads
• A single leverage figure applies across all four accounts
• Licence entries name a company for each jurisdiction

Drawbacks

• No minimum deposit is recorded for any account
• Commission and swap costs are absent from every entry

Licence records: CMA 233; CYSEC 120/10; ASIC 443670; DFSA F003484; FSC 8557558; FSCA 49976

Broker summary: XM lists MT4, MT5 and a proprietary platform, with four account entries: Stock, Micro, Standard and Ultra Low Spread Standard & Micro. The Micro and Standard entries record leverage of 1:1000 with minimum funding of 0.1 and 0.01 respectively, while the Ultra Low Spread entries start from a spread of 0.6 rather than 1.0. The Stock entry quotes a spread that depends on the exchange.

The differences between these entries matter more than the shared brand. A Stock account is not an MT4 forex account, and hedging is marked as unsupported on it, so strategy permissions cannot be carried across from the forex entries. Spread figures are starting values without commission, and leverage of 1:1000 increases the cash effect of an adverse move. Verify the account, its permissions and its cost schedule with the entity that would onboard you.

Pros

• Four accounts record spreads, minimum funding and permissions
• Micro and Standard entries show a complete leverage figure
• The Stock entry is clearly separated from the forex accounts

Drawbacks

• Hedging is recorded as unsupported on the Stock account
• Swap and commission terms are not recorded for any account

Licence records: ASIC 335692; CYSEC 362/18; FSA SD018

Broker summary: IC Markets records MT4 alongside MT5, cTrader and a proprietary platform, and its four account entries include an Islamic option. Leverage is 1:500 for the cTrader, Raw Spread and Islamic entries, while the Standard entry shows 1:1000, written with a full-width colon in the source record. All four entries mark scalping, expert advisors and hedging as available.

Spread and commission fields are blank for three of the four accounts, so the Raw Spread and Standard labels cannot be priced from this record, and no minimum deposit is stated. The Islamic entry shows a spread from 0.0 but no swap terms, which is the field that would define the account. Treat the ranking position as one input rather than a cost verdict. Ask the specific entity for its account schedule before comparing it with the brokers above.

Pros

• Four platforms are recorded, including cTrader and MT4
• An Islamic account is listed with its own leverage value
• Trading permissions are recorded for every account

Drawbacks

• Spread and commission fields are blank for three accounts
• No minimum deposit is recorded and only three licences appear

Licence records: ASIC 412981; FCA 542574; NFA 0325821; MAS Unreleased; FSA 関東財務局長（金商）第2137号; CIRO Unreleased; FSC SIBA/L/20/1130

Broker summary: OANDA's record is notable for what it does not contain. MT4 appears with MT5 and a proprietary platform. Two account labels are listed, Premium and Premium Plus, but every numeric field in those entries is blank: no spread, no commission, no minimum deposit and no leverage. All three trading permissions are marked as supported on both labels.

The licence table is the only one in this ranking with a United States record, held by OANDA CORPORATION, alongside companies in Australia, Canada, Japan, Singapore, the United Kingdom and the Virgin Islands. That breadth does not mean one account is available everywhere. Before comparing costs, establish which entity would hold the account and whether your residence is accepted. Then ask for its margin terms; a blank field should never be read as a zero cost.

Pros

• A United States licence record appears for a named company
• Seven licence entries cover onshore and offshore markets
• MT4, MT5 and a proprietary platform are all recorded

Drawbacks

• Every numeric account field is blank on both accounts
• The record does not state which account is available on MT4

Licence records: ASIC 428901; CIMA 1383491; VFSC 700271; FSCA 51268

Broker summary: Vantage lists MT4, MT5 and a proprietary platform, with four account labels: SWAP FREE, PRO ECN, RAW ECN and Standard STP. The two ECN entries quote spreads from 0.0 and the STP entry from 1.0, all with a minimum deposit of 0.01. Leverage is recorded as one string that varies by entity, from 1:2000 for the Asia-Pacific entity to 1:30 for retail clients booked under the United Kingdom and Australian companies.

That sentence is the most useful part of the record and the easiest to misread. The high figure applies to particular entities, not to every client, and a 1:30 cap changes position sizing substantially. Spreads are starting values without commission, and swap terms are absent even on the account labelled SWAP FREE. Establish the entity and its cap first, then obtain the complete cost schedule before comparing this entry with the brokers above.

Pros

• Four accounts record starting spreads and a minimum deposit
• The leverage field separates values by booking entity
• ECN accounts quote spreads from 0.0

Drawbacks

• Leverage limits vary widely between entities
• Swap terms are not recorded even on the swap-free account

Licence records: ASIC 428901; FSCA 50865

Broker summary: VT Markets lists MT4 and MT5 with a proprietary platform and seven account entries, the longest list in this ranking: Cent ECN, Cent STP, RAW ECN, Standard STP, Pro ECN and two swap-free variants. Spreads start at 0.0 for the ECN entries and between 1.1 and 1.2 for the STP entries. Most entries record a minimum deposit of 0.01, and the two swap-free entries record leverage of 1:1000 while the others leave it blank.

One detail deserves attention. The Australian licence record names the same company and licence number as the entry ranked ninth, VANTAGE GLOBAL PRIME PTY LTD, 428901, so the two brands appear to share one Australian authorisation. That does not merge their accounts, costs or protections, and reading the overlap as extra protection would be a risk. Find out which entity would onboard you and which account is paired with MT4. The swap terms behind the swap-free labels deserve their own check.

Pros

• Seven accounts are recorded, including two swap-free variants
• Most entries state a minimum deposit of 0.01
• Both swap-free entries record a leverage figure

Drawbacks

• Leverage is blank on five of the seven accounts
• The Australian authorisation is shared with another brand