U.S. Based MetaTrader 4 Forex Brokers
Three brokers I am aware of are the U.S. based: Interbank FX, FXCM, and Forex.com.
I thought Interbank FX wasn’t bad as a MT4 platform broker. Their spreads aren’t the best, not the majors are ok. The spreads for Euro-Dollar, Dollar-Yen, and Euro-Yen are 2, 2, and 4 pips respectively. They do widen the spreads during news announcement, but who doesn’t.
FXCM and Forex.com are also offering MT4 in addition to their own proprietary trading platforms. However, their spreads on MT4 are wider than the ones on their own trading platforms. In addition, their spreads are not consistent. I don’t think I like the idea of spreads being changing all the time. For example, on both MT4 with the two brokers, I have seen Euro-Yen spreads changing from 3 pips to 6 pips during non-news event times.
But the best way for you to find out which MT4 broker suits you is to test your strategy on their demo accounts.
