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 the US for 2026. Five companies that enjoy huge popularity in the US were selected and compared between each other.
1
OANDA - Best in the US for 2026
The OANDA broker provides relatively favorable conditions to its clients. The minimum deposit for a Standard account is $0 and for a Core account it’s $40. The spread size depends on the specific trading instrument (for currency pairs - the minimum is 0 pips (percentage in points). The minimum trade volume is 0.01 lot for all types of accounts. Leverage depends on the specific trading instrument, and the maximum value is 1:200.
2
IG Markets - Best in the US for 2026
IG Markets' non-professional clients can start trading with any amount. If traders are qualified or educated in financial markets and want to get direct access to currency markets and DMA (Direct Market Access) stocks, they are required to deposit a $2,000 minimum. IG Markets offers the following leverage: for indices and Forex, it is 1:200; for commodities, it is 1:50-1:200; and for stocks and cryptocurrencies, it is 1:10. Live and demo accounts are available.
3
FTMO - Best in the US for 2026
FTMO offers a classic set of trading instruments: from currency pairs and stock assets to cryptocurrencies. Trading platforms are MetaTrader4, MetaTrader5, cTrader and DXtrade. Trading conditions during testing and on a real account are the same.
TU Expert Review for the best MT4 Brokers in the US
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 the US is posted below.
OANDA - TU Expert Review
The OANDA broker has substantial experience in the Forex market. The company has managed to earn a reputation as a reliable broker who provides its clients with decent trading conditions. The company has only two types of accounts, as well as the ability to open a demo account for novice traders. It does not have cent accounts. OANDA offers a wide range of trading instruments as well as three trading platforms (MetaTrader 4, WebTerminal MT4, MT5). The broker's website can hardly be called convenient and functional, which creates some inconvenience for clients.
IG Markets - TU Expert Review
IG Markets offers a wide choice of trading platforms, including the classic MetaTrader 4, the broker’s proprietary IG Trading Platform, and specialized ProRealTime and L2 Dealer platforms for professional trading. If its clients want to trade from smartphones, they can use IG, MT4, or web platforms. All versions of IG Markets platforms support watch lists and chart trading. Available order types are market, stop, limit, guaranteed stop, and trailing stop. The proprietary platforms are intended for trading numerous instruments. MT4 provides for trading Forex, indices, cryptocurrencies, and commodities. Besides the above assets, the IG Trading Platform offers stocks, options, bonds, interest rates, etc. IG Markets trading conditions can vary subject to the regulator in a particular country. For example, restrictions apply to available leverage, bonuses, partnership programs, and choice of trading instruments. When opening an account, traders are redirected to the website of the broker that services a certain region. It provides all the working details and trading rules. The Bermuda International Representative Office is more loyal to its clients, but it doesn’t work with traders from other countries.
FTMO - TU Expert Review
FTMO is a managing prop firm operating on the principle of a prop company. To receive money under management, a potential trader must successfully complete a two-stage active trading test. At each stage, requirements are set for the maximum allowable daily loss, total loss, and target profit level. The prop firm’s conditions are relatively loyal, but still, they can be difficult to successfully navigate. Regardless of the chosen testing package, the limits are 10% of the total loss. For comparison: other prop companies have allowable drawdowns of 15-20%. Despite the strict requirements for the test period, FTMO has a relatively low test cost beginning at €155. By comparison, in most companies in this sector, the entrance fee for passing the test is from €400-500. Another advantage is the availability of standard MT4/MT5 platforms and mobile app. Most other prop companies have their own or adapted platforms, while FTMO has standard platforms. This allows you to work with any custom indicators and advisors previously honed in the MetaTrader tester. My impression of FTMO remains positive. But after studying the conditions, it is clear that without trading experience, it makes no sense to try your hand at the test. Testing conditions are favorable for those who have worked previously with a demo account and are good at risk management. However, you can also gain experience on the company’s platform itself. There is a free version of the test that fully corresponds to the paid test.
Summary
Many brokers operate in the US, 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 the US 2026 and will be able to evaluate the pros and cons of its closest competitors.
Overall score of the best MT4 Brokers in the US
| OANDA | IG Markets | FTMO | |
|---|---|---|---|
|
Overall score |
6.87 |
6.46 |
8.09 |
|
Execution of orders |
6.24 |
5.42 |
8.6 |
|
Investment instruments |
10 |
10 |
8.9 |
|
Withdrawal speed |
8 |
8 |
7.5 |
|
Customer Support work |
5.4 |
4.6 |
8 |
|
Variety of instruments |
6.58 |
6.13 |
7.52 |
|
Trading platform |
5 |
4.6 |
8 |
|
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|
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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.
What is a demo account and why is it important?
On a demo account, you trade by using virtual funds. It is important to choose a broker offering a demo account both for beginners, who are only learning, and for experienced traders, who can use this account type to test new strategies or EAs risk-free.
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.
Can you earn passive income in the financial markets?
Yes, the best brokers of the US offer passive income options. These could include copy trading, PAMM accounts, managed portfolios, etc.
Best MT4 Brokers by Countries
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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.
