Trading in financial markets requires the right choice of a broker, as security of traders’ funds, profit/loss and opportunities depend on it. Before you start working with a company, it is important to comprehensively assess it. Traders Union analysts have already done it for you. The experts prepared a review of the Best MT4 Brokers in India for 2025. Five companies that enjoy huge popularity in India were selected and compared between each other.
1
XM Group - Best in India for 2025
Trading conditions of XM Broker are ideal for both novice traders and professionals. There are standard and ultra low spreads accounts, loyal minimum deposit requirements, leverage as provided by requirements of the European regulators. To test strategies, get acquainted with the functionality of platforms, mobile app and test their potential, a demo account is provided.
The broker is a market maker in the international financial market. This means that XM Group has direct access to liquidity and can provide traders with the best quotes. Spreads on Ultra accounts are from 0.6 pips. The company guarantees an almost complete absence of slippage regardless of market volatility level and a competitive market spread in moments of sudden price movements.
Learn More about XM allow scalping
2
RoboForex - Best in India for 2025
RoboForex bonus programs are the company's strong points. Every trader gets a $30 Welcome Bonus, if they deposit $10 or more to their account. Additional bonuses include 5%-15% cash back on the fees depending on the trading volume, as well as additional 10% extra funds for more than 1,000 traded.
The minimum deposit on all accounts except R StockTrader is $10. The minimum deposit for trading stocks on the R StocksTrader and copying trades on the CopyFx platform is $100. The spread on Prime and ECN accounts is floating, from 0 pips, on Pro and ProCent accounts – floating from 1.3 pips. You can trade 28 currency pairs, metals and CFDs on this type of account.
For trading, RoboForex has available the following applications: MetaTrader 4, MetaTrader 5, and R StocksTrader, as well as its web terminal, on which you can work on real and demo accounts.
Leverage is up to 1:300-1:500 depending on the account type, as required by the regulatory authorities. The leverage on the cent account is up to 1:2000. On standard accounts, manual increase of leverage to 1:2000 is possible during registration, but this option is subject to certain rules. This parameter is appreciated by experienced traders and amateurs of aggressive trading. With RoboForex, you can earn not only on trading but also on the affiliate program, making a profit from users you have referred to a broker. Multilingual support helps market participants solve their pressing problems 24/7.
3
VT Markets - Best in India for 2025
The clients of VT Markets can trade using over 200 instruments with leverage up to 1:500. Trades can be made in the MT4 or MT5 terminal. PAMM accounts, algorithmic trading, and copying trades of successful traders are available. The minimum deposit for all types of accounts is $50 or the equivalent in euros, pounds sterling, Canadian or Australian dollars. VT Markets accepts payments by requisites, from cards, e-wallets, and APMs. It is also possible to make deposits in cryptocurrency.
4
TeleTrade - Best in India for 2025
TeleTrade offers its clients rather enticing trading conditions. The minimum trade volume is 0.01 lots for all trading accounts, and the minimum spread is 0.2 pips. The minimum deposit is $10. The company's clients can trade on three types of real accounts, as well as copy trades of experienced traders. The broker offers wide range of financial instruments: in addition to currency pairs, you can trade indices and cryptocurrencies.
5
Markets4you - Best in India for 2025
Trading conditions at Forex4you (Markets4you) are among the most attractive ones on the market. First of all, there are no requirements for the minimum deposit amount: according to the conditions, the replenishment amount is from $0 for all types of accounts. With a minimum transaction volume of 0.01, the trader is offered a leverage of up to 1: 4000, which is one of the largest values on Forex. Stop Out Level is 10–20% depending on the type of account.
Markets4you offers 150+ trading instruments, such as Forex pairs, indices, commodities, and stocks. Also, standard and cent accounts, cash back, as well as bonus and partnership programs are available. Markets4you provides access to the Share4you copy trading platform as a passive income option. Each trader can be both an investor and a signal provider.
Markets4you offers cent, classic, and professional accounts, which differ in spread. There are floating spreads starting from 0.1 pips. Pro accounts have fixed fees per lot, which are $0.10 on the Cent Pro account and $7 on the Classic Pro. Copy trading on the Share4you platform is available on each of the accounts, except for the Classic Standard. The lock is allowed on all account types. Deposit and withdrawal methods include Visa/Mastercard cards and electronic payment systems, such as WebMoney, Skrill, and Neteller.
TOP 5 Comparison
In order to choose the Best MT4 Brokers in India in 2025, TU analysts chose 5 best brokers in this country. In the table below, you can see a basic comparison of these companies. Experts selected only the most reliable brokers that are popular among traders in India.
| XM Group | RoboForex | VT Markets | TeleTrade | Markets4you | |
|---|---|---|---|---|---|
|
Trading platform |
MT4, MT5, Mobile Trading, XM App |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
MetaTrader4, MetaTrader5, VT Markets App, Web Trader+ |
MT4, MT5 |
MT4, Mobile Trading, MT5 |
|
Min deposit |
$5 |
$10 |
$50 |
$10 |
No |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:10 |
|
Trust management |
No |
No |
Yes |
No |
No |
|
Accrual of % on the balance |
No |
10.00%% |
No |
1.00%% |
No |
|
Spread |
From 0.8 points |
From 0 points |
From 0 points |
From 0.2 points |
From 0.1 points |
|
Level of margin call / stop out |
100% / 50% |
60% / 40% |
No |
70% / 20% |
100% / 20% |
|
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
Market Execution, Instant Execution |
|
No deposit bonus |
No |
No |
No |
No |
No |
|
Cent accounts |
No |
Yes |
No |
Yes |
Yes |
How to choose MT4 broker in India
Selecting the right MT4 broker in India is a critical decision that can significantly impact your trading journey. Here are five key considerations to guide your choice:
1. Check regulatory compliance
When choosing an MT4 broker, regulatory compliance should be a top priority. In India, the Securities and Exchange Board of India (SEBI) is the regulatory authority responsible for overseeing the financial markets. Ensure that your chosen broker is registered with SEBI or another respected regulatory body.
2. Consider the trading instruments
The range of trading instruments available through your chosen MT4 broker can significantly impact your trading opportunities. The best MT4 brokers in India offer access to a broad spectrum of assets, including major and minor forex pairs, commodities, indices, stocks, and cryptocurrencies. Diversifying your portfolio across various assets can help manage risk and seize diverse trading opportunities.
3. Look at the trading costs
Understanding the cost structure of your chosen broker is critical for your trading strategy. Trading costs encompass spreads, commissions, and overnight financing rates. Transparent pricing is essential, so look for a broker that clearly outlines these costs. Keep in mind that the cost structure should align with your trading approach, whether you're a scalper, day trader, or long-term investor.
4. Consider trading tools and resources
A comprehensive set of trading tools and resources can significantly enhance your trading experience. Reputable MT4 brokers in India provide traders with a variety of analytical tools, educational resources, and responsive customer support.
Analytical tools may include advanced charting features, technical indicators, and market sentiment analysis. Educational resources can range from beginner-friendly tutorials to in-depth market analysis and trading strategies. Efficient customer support ensures that you can seek assistance whenever you encounter issues or have questions about the platform.
5. Prioritize user experience
The user experience offered by your chosen MT4 broker can impact your efficiency and comfort while trading. Test the broker's MT4 platform, focusing on its user-friendliness, stability, and functionality. An intuitive interface with customisable features allows you to tailor the platform to your preferences and trading style.
Additionally, a stable and responsive platform is essential to execute your trades accurately and efficiently. Consider checking if the broker offers a mobile version of the MT4 platform, allowing you to trade on the go. This mobile flexibility ensures that you can monitor your positions and seize trading opportunities at any time.
Is MT4 legal in India?
Yes, MetaTrader 4 is legal in India. Indian traders can access the global financial markets through authorized brokers that comply with Indian regulations. In fact, SEBI oversees and regulates financial markets within the country, including forex trading.
Can Indians use international MT4 brokers?
Yes, Indian citizens can open forex trading accounts with international MT4 brokers. This flexibility allows them to participate in global trading efficiently. However, it's essential to be aware of various factors when considering international brokers, especially the regulatory status of the broker. By conducting thorough research, Indian traders can effectively utilize international MT4 brokers to access a broader range of trading opportunities while staying within the bounds of Indian regulations.
Pros and cons of MT4 trading
MT4 is a powerful and versatile trading platform, offering both advantages and limitations for traders. Let's explore these aspects in detail:
Pros
User-friendly interface
MT4 boasts an intuitive and user-friendly interface, making it an excellent choice for traders of all experience levels. Whether you're a beginner or an advanced trader, you can quickly navigate the platform and execute trades with ease.
Advanced charting tools
MT4 offers an extensive range of technical analysis tools and indicators, providing traders with the capability to perform in-depth market analysis. Features like multiple timeframes, customisable charts, and a wide array of technical indicators empower traders to make well-informed decisions.
Expert advisors
One of the standout features of MT4 is its support for Expert Advisors (EAs). EAs are automated trading algorithms that can execute trades on your behalf, 24/7. This feature is particularly advantageous for traders who wish to automate their strategies, saving time and ensuring consistency in trade execution.
Mobile trading
MT4 provides mobile trading capabilities through its app. This feature allows you to access your trading account from your smartphone or tablet, ensuring you don't miss out on market opportunities while on the move. The mobile app is user-friendly and offers a seamless trading experience.
Security
MT4 places a strong emphasis on security. With robust encryption and secure login procedures, your trading account is well-protected from unauthorized access and cyber threats. Traders can have peace of mind knowing that their personal and financial information is secure.
Cons
Limited asset selection
While MT4 offers access to a variety of assets, it may not cover the full spectrum of trading instruments available in the market. Traders who wish to invest in more niche or exotic assets might find the platform lacking in options. To diversify into such assets, they may need to consider using multiple trading platforms or brokers.
High system requirements
Running MT4 smoothly may require a powerful computer and a stable internet connection. Traders with older hardware or unreliable internet access may encounter performance issues, such as slow chart loading and order execution delays. Ensuring that your hardware and internet connection meet the platform's requirements is crucial for a seamless trading experience.
No hedging
MT4 follows a first-in-first-out (FIFO) rule, which can limit hedging strategies. Traders who wish to hedge positions may find this restriction challenging to work around. To implement hedging strategies effectively, they may need to consider alternative trading platforms or brokerages that allow hedging.
How do I get started with MT4?
To kickstart your journey with MT4, here's a more comprehensive step-by-step guide:
Step 1: Choose a broker
Selecting the right broker is the foundation of your trading journey. Consider the factors mentioned in the "How to Choose MT4 Broker in India" section, including regulatory compliance, trading instruments, trading costs, trading tools, and user experience. Make a well-informed decision by researching multiple brokers and reading user reviews.
Step 2: Create an account
After choosing your broker, you'll need to create an account. Register by providing your identification and contact details. Follow the broker's specific account creation process, which may include submitting identity verification documents.
Step 3: Download MT4
Once you have your account, it's time to download and install the MT4 platform. Most brokers provide a direct download link on their websites. The installation process is straightforward, and you can quickly set up the platform on your computer.
Step 4: Login and fund
After installing MT4, launch the platform and log in using the credentials provided by your broker. Once you're inside the platform, it's time to fund your trading account. Choose a suitable payment method and deposit the amount you intend to trade with.
Step 5: Learn and practice
Before diving into live trading, take the time to familiarize yourself with the platform and trading basics. Most MT4 brokers offer demo accounts, allowing you to practice with virtual funds. Experiment with different trading strategies, explore the platform's features and build your trading skills.
Educational resources, such as video tutorials, webinars, and written guides, can be immensely helpful in expanding your knowledge of forex trading.
Step 6: Start trading
Once you feel confident in your abilities, transition to a live trading account. Start executing your trading strategies, but be cautious and manage your risk appropriately. Stay updated with market news and continually monitor your trades. Remember that learning and adapting are ongoing processes in the world of trading.
TU Expert Review for the best MT4 Brokers in India
Financial expert and analyst at Traders Union
Anton joined Traders Union as a financial expert and analyst in 2013. He performs comprehensive internal testing of brokers as a trader. Essentially, Anton “test drives” brokers: he checks the operation of the website and user account, the speed and effectiveness of customer support team, stability of the software, deposit and withdrawal processing times, legal documents of companies and also all additional services (VPS, affiliate programs, contests, bonuses, educational programs, etc.). Based on the results of his “inspections”, he prepares expert conclusions about the operation of brokerage companies in the Forex, stock and binary option markets and also of the cryptocurrency exchanges.
His opinion as for the best MT4 Brokers in India is posted below.
XM Group - TU Expert Review
XM Broker can be safely recommended to those who are interested in professional trading with high order processing speed and optimal level of commission. The first thing worth noting is that it has licenses of four leading regulators in the world simultaneously. These are FSC (Mauritius), FSC (Belize, 000261/397), CySEC (Cyprus, 120/10), FSA (Seychelles). The second moment is the types of accounts. The broker guarantees the same quality of execution for all types of accounts, which means a minimum of requotes, slippages and instant overlap of orders with counterparty counter transactions. The level of leverage complies with the European standards (including the MiFID directive that all CySEC licensees work in accordance with). There is an average market spread. The maximum leverage for clients registered under the EU regulated entity of the XM Group is 30:1. Attractive trading conditions for novice traders are also worth noting. The minimum deposit is 5 US dollars; there are cent (micro) accounts with a lot equal to 1,000 units. Thanks to its elaborated service and high-tech platforms, XM Broker is rightfully one of the best companies in the Traders Union rating.
RoboForex - TU Expert Review
Over the years, this broker has shown itself to be a reliable and trusted partner. RoboForex provides clients with the best conditions: tight spreads from 0 pips, the highest execution speed, and micro-accounts with a lot of 0.01. The positive feedback from real traders about RoboForex, instant withdrawal of funds, and operational support are what impress me about this broker. The brokerage company offers quality services to both beginners and seasoned traders. Over the years of cooperation with RoboForex, the broker has not received any significant claims against it. Therefore RoboForex is quite popular among Traders Union clients. All financial issues and claims on the broker's work are resolved by the company's representatives as quickly as possible and within minimum time. RoboForex always meets its clients and partners halfway. Following the mass of positive reviews about the work of roboforex.com, Traders Union recommends this company as a trusted broker with a high trust rating.
VT Markets - TU Expert Review
The VT Markets brokerage is part of the Vantage Group with its main office based in Australia. In 2016 it opened a representative office in the Cayman Islands, which is currently regulated by the local Cayman Islands Monetary Authority. VT Markets serves over 10,000 clients, providing them with access to trading currency pairs and different types of CFDs. The broker offers ECN and STP accounts, so traders with different trading experiences will feel comfortable here. Muslim clients can trade from swap-free accounts. VT Markets strives to provide favorable terms both for active market participants and for investors who prefer passive strategies. There is an affiliate program with high remuneration based on the CPA model. The VT Markets firm provides standard leverage, retains average trading fees, and provides twenty-four/seven support on trading days. The broker offers a lot of analytics, trading tips, and market overviews, but most of them are available to clients who have deposited $1,000 or more. Another disadvantage of VT Markets is the lack of opportunity to make transactions with cryptocurrencies. Also, remember the regional restrictions. They concern residents of the USA and many other countries.
TeleTrade - TU Expert Review
Traders Union has been working with the company since 2012. Over this time, a lot of reviews have been received about the broker from the TU clients, which you can find on this page. All reviews are moderated and then published. Therefore, they contain relevant information about traders’ experience of working with TeleTrade. Each TU client who opened an account with a brokerage company is entitled to free legal support, as well as advice on general issues related to the broker’s performance. TeleTrade Company offers its clients the opportunity to trade over 60 currency pairs, as well as metals, indices, stocks and energies. Cryptocurrency trading is also available. Traders canopen a free demo account and trade virtual funds. The broker also provides several types of real accounts, which allows you to choose the best option in terms of conditions. Thanks to a large analytical section and loads of educational information, the company attracts a lot of novice traders. A wide range of technical analysis tools and the possibility to use various strategies, including pipsing, are the main reasons why experienced traders open an account with TeleTrade.
Markets4you - TU Expert Review
Forex4you (Markets4you) has established itself as a reliable partner that offers high quality trading conditions. There are cent accounts for beginners as well as professional ECN accounts with narrow market spreads. I would specially focus on the responsible approach to forming the rating of traders on the Share4you social trading platform, which allows traders to rank managers by risk level. The brokerage company Markets4you is suitable both for those who just start to get acquainted with trading through to professional traders who build their own trading systems and entice investors to them. The broker has been cooperating with the Traders Union for more than a year, and during this time there have been no significant complaints about the work of this broker. Any issues that do arise, the customer support resolves quickly and with maximum benefit for the client. The company's website allows you to quickly evaluate, analyze and compare all offers of active and passive trading. Due to a comprehensive full-featured service and a ‘client-first’ approach, the company gains the rightful leading position in the Traders Union ranking of Forex brokers.
Summary
Many brokers operate in India, but not all of them are reliable or offer attractive trading conditions. TU experts selected 5 companies and rated them based on collected data. By reviewing them, you will learn about the Best MT4 Brokers in India 2025 and will be able to evaluate the pros and cons of its closest competitors.
Overall score of the best MT4 Brokers in India
| XM Group | RoboForex | VT Markets | TeleTrade | Markets4you | |
|---|---|---|---|---|---|
|
Overall score |
8.53 |
8.28 |
6.71 |
6.73 |
7.32 |
|
Execution of orders |
9.35 |
8.95 |
4.59 |
3.21 |
8.65 |
|
Investment instruments |
9.2 |
4.9 |
9.5 |
4.7 |
6.8 |
|
Withdrawal speed |
7 |
8 |
6 |
7 |
5 |
|
Customer Support work |
8.7 |
9.6 |
6.15 |
8.41 |
8.5 |
|
Variety of instruments |
8.02 |
9.02 |
7.02 |
8.75 |
5.77 |
|
Trading platform |
8.9 |
9.2 |
7.02 |
8.29 |
9.22 |
|
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FAQ
What factors are important when you are choosing a broker?
When you are choosing a broker, it is important to make sure it is a reliable company, consider its fees, the list of trading instruments, deposit and withdrawal methods and other factors. It is important to study a broker in detail, before opening an account with it.
Is it possible to work with offshore brokers?
It is best not to work with offshore brokers. However, if you have chosen such a company, you need to check and analyze it very thoroughly. There are offshore brokers with good reputations. Before you start working with such a company, deposit the minimum amount and start trading. Once you’ve worked with the broker for a little while and checked how it operates and how quickly it processes withdrawals, you can start depositing higher amounts.
Does the choice of a beginner differ from the choice of an experienced trader?
Yes. A novice trader should primarily consider the availability of educational tools and a demo account, as well as basic assets. A more experienced trader is interested in wider opportunities on advanced account types, a wider choice of instruments for technical analysis, and a greater number of trading instruments.
How much money do I need in order to start working in the financial markets?
The initial capital depends on the assets you plan to trade. However, in the majority of cases, $300-500 is a good amount for a start.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).