MT4 binary options brokers offer MetaTrader’s award-winning desktop, mobile and web trader platform. MetaTrader 4 is popular with binary options traders due to its extensive market analysis features, ease-of-use, and high levels of customizability.
In this guide, we list the best binary options brokers with access to MT4 in 2022. We also explain how to do a comparison of supporting brokerages, from underlying assets to payouts and demo accounts.
It is worth pointing out that not all MT4 brokers will offer direct binary options trading on the platform. Users may be able to conduct analysis via a MetaTrader 4 demo account, but then have to place binary options trades through a proprietary, browser terminal.
MetaTrader 4 101
MetaTrader 4 (MT4) was launched in 2002 and developed by a software company called MetaQuotes. It has since gained significant popularity in the online trading community, including with binary options traders.
Offering a step up from many binary brand’s proprietary terminals, MetaTrader 4 is home to powerful technical analysis tools, alerts and news, plus automated trading functionality.
For binary options investors looking to conduct detailed market and price analysis with a suite of integrated indicators and access to a library with thousands of custom add-ons, MetaTrader 4 is a good option.
An additional benefit of using the MT4 software is that you can move between binary options brokers without having to learn a new platform, thus giving traders more freedom to find the right brokerage.
Before we explain how to compare the MT4 binary options brokers, we outline the key features and functionality of the trading platform below.
30 technical indicators are available on the platform as default, but MT4 also allows users to download and install custom indicators. More than 2,000 free indicators and 700 paid options are available, supporting a wide range of binary options trading strategies.
MT4 binary options brokers also offer 24 analytical objects via the software, spanning lines, channels, Gann & Fibonacci tools, plus shapes, and arrows.
Note, if you experience issues with the platform, for example, indicators are gone/removed or keep moving, or the platform itself keeps crashing, you can submit a query to you broker’s support team who may be able to help.
Binary options brokers with access to MetaTrader 4 allow users to view charts in nine different timeframes, ranging from one minute to one month. This means investors can view their preferred indicators across a range of time periods for more objective, informed, and accurate trades.
It also means the MT4 system can support a breadth of binary options contract lengths, from 30 seconds up to one hour, a day, or even weeks.
Additionally, MT4 binary options charts can be easily scrolled and resized, making it easy to track an underlying asset’s performance from the short to the long-term.
Expert Advisors (EAs) are essentially automated trading programs that monitor the financial markets and make buy and sell decisions based on pre-programmed criteria. By setting your own parameters or loading presets, you can either have EAs notify you when a suitable opportunity appears and make the trade yourself, or set them to automatically open positions for you.
MT4 also allows for backtesting, coding, and demo trading so that you can see how your EA will work in a real-money environment.
Note, several leading brands also offer their own binary options trading robots.
How To Compare MT4 Binary Options Brokers
When choosing between binary options brokers with access to MetaTrader 4, there are several key considerations:
The best MT4 binary options brokers and exchanges will offer competitive payouts on popular assets. Dukascopy, for example, offers 90% payouts while Alpari offers 80% payouts.
A useful tip is to use a brand’s demo account to check the payouts provided on the assets you wish to speculate on. Cryptocurrencies, for example, often come with lower payouts due to increased volatility.
Some binary options traders prefer to make multiple short-term intra-day trades, while other investors opt for longer expiries. The top MT4 binary options brokers will offer a decent range of contract lengths.
Dukascopy, for example, offers short-term contracts of just 1 minute as well as binaries that expire after 1 day. In contrast, Alpari is a better fit for traders interested in ultra-short-term binary options trading, with expiries ranging from 30 seconds to 4 hours.
The original MetaTrader 4 version was popular with forex traders. However, traders can now use the software to trade multiple instruments and markets, from commodities to stocks, indexes, Bitcoin futures, ETFs, and CFDs.
For binary options traders, it’s worth checking which underlying markets are available on the MT4 platform. Can you trade the broker’s full list of major, minor and exotic currency pairs? Does the terminal connect you to precious metals and energies? Alternatively, can you go high or low on major crypto tokens like Bitcoin?
Note, you can find a specific asset in MT4 using the navigation bar:
Deposits & Withdrawals
The best MT4 binary options brokers will offer near-instant account funding with zero fees.
A decent selection of payment methods is also an advantage. As well as traditional deposit options like debit cards and wire transfers, an increasing number of MetaTrader 4 binary options brokers offer crypto funding and support for e-wallets.
Leading MT4 binary options brokers will offer copy trading, either directly or indirectly through the MT4 platform or their own standalone service.
Copy trading is particularly appealing to beginners, allowing users to follow the signals, codes and trades of established traders.
Brokers also normally collate and publish performance statistics to help new traders find a suitable investor to follow.
With binaries home to online scams in recent years, it’s important to join MT4 binary options brokers with a good reputation.
Some large regulators do not license binary options firms, so for UK and US residents, for example, clients will often have to sign up with offshore brokerages. With this in mind, it’s important to sign up with trusted and recommended binary options brokers with access to MetaTrader 4.
The best MT4 binary options brokers will offer a free demo account. This is an opportunity to get familiar with the various volume indicators, price data, barcharts, portfolio yields, and other tools available on the MetaTrader 4 platform.
You can also develop, test and refine binary options trading strategies and then apply them in a live account when you feel ready.
Final Word On MT4 Binary Options Brokers
MT4 is one of the best retail trading platforms, making it popular with binary options beginners and experienced traders. The large range of technical indicators and user-friendly interface set MT4 apart from its competitors, but not all binary options brokers offering MT4 are equal, so compare payouts, markets, deposits, support, and more.
Use our list of the top MT4 binary options brokers to start trading.
Can You Trade Binary Options On MT4?
Several binary options brokers offer the MetaTrader 4 platform. However, it’s worth pointing out that some brokers do not facilitate direct binary options trading on the platform. Instead, users can conduct analysis on MetaTrader 4 and are then required to trade through their broker’s proprietary terminal. This is because many brands removed the software from their offering in recent years.
Is MT4 The Best Binary Options Trading Platform?
MT4 is a leading online trading platform, offering a good degree of customizability and a wide selection of analysis tools. MetaTrader 4 is home to 30 integrated indicators, 24 analytical objects, plus built-in financial news and alerts. As a result, it is popular with binary options traders looking to conduct detailed analysis, particularly experienced traders. Beginners, however, may prefer to trade binary options using their broker’s straightforward web-based terminal.
How Do I Compare MT4 Binary Options Brokers?
When looking for the best binary options broker with access to MetaTrader 4, compare the payouts offered, the minimum deposit, the range of timeframes, the choice of binary options products, plus any additional tools such as signals, copy trading and demo accounts. We have also compiled a list of the best MT4 binary options brokers.
Is MT4 Free For Binary Options Trading?
MT4 is normally free to download from supporting binary options brokers. Most MetaTrader 4 binary options brokers also offer a free demo account on the terminal.
Are MT4 Binary Options Brokers Legitimate?
The only way to confirm the legitimacy of MT4 binary options brokers is to ensure they are well-reviewed and trusted by traders. We have ranked the most trustworthy MT4 binary options brokers in 2022.