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In this article, I will discuss the best MT4 brokers in the UK for November. Choosing the right broker is crucial for traders looking to maximize their potential on the MetaTrader 4 platform.
With various options available, we’ll explore key features, including regulation, trading costs, and available assets, to help you make an informed decision this month.
Key Points & Best MT4 Brokers In The UK For November 2024 List
Here’s a comparison table highlighting key points for each trading platform:
| Broker | Instruments Available | Pros | Cons |
|---|---|---|---|
| Vantage Markets | Forex, Indices, Commodities, Crypto | Low fees, high leverage options | Limited asset range for beginners |
| AvaTrade | Forex, Stocks, Crypto, Commodities | Regulated globally, great educational content | Fixed spreads can be higher than variable spreads |
| XTB | Forex, Indices, Commodities, Stocks, ETFs | No minimum deposit, strong research tools | Limited choice of platforms |
| Trade Nation | Forex, Indices, Commodities | No minimum deposit, transparent pricing | Limited account options and trading tools |
| Libertex | Forex, Stocks, Commodities, Crypto | Low minimum deposit, broad asset variety | Commission-based fees can add up |
| Skilling | Forex, Stocks, Crypto, Commodities | User-friendly interface, strong educational resources | Limited regulation compared to larger brokers |
| Pepperstone | Forex, Crypto, Indices, Commodities | Fast execution, strong customer support | Higher minimum deposit for beginners |
| IG | Forex, Stocks, Crypto, Indices, ETFs | Highly regulated, broad asset range | Higher minimum deposit |
| Capital.com | Forex, Stocks, Crypto, Indices | Low fees, strong educational tools | Limited platform choices |
| CMC Markets | Forex, Stocks, Crypto, Indices, ETFs | Extensive asset range, strong research tools | Fees on some asset classes |
| Forex.com | Forex, Indices, Commodities | Regulated in the US, strong forex offerings | Higher fees on non-forex assets |
| Admirals | Forex, Stocks, Commodities, Crypto | Strong regulation, high leverage | Limited account types |
| Eightcap | Forex, Crypto, Commodities | High leverage options, competitive fees | Limited range outside forex and crypto |
| FxPro | Forex, Stocks, Indices, Commodities | Diverse platform choice, regulated in multiple jurisdictions | Higher minimum deposit |
| IronFX | Forex, Commodities, Indices | High leverage available, multiple account options | Mixed reviews on customer support |
| HFM (HotForex) | Forex, Commodities, Crypto, Indices | Low minimum deposit, high leverage | Limited product range |
| Saxo Bank | Forex, Stocks, ETFs, Bonds, Crypto | Comprehensive asset range, premium research tools | High minimum deposit, platform may be complex for beginners |
| FXOpen | Forex, Crypto, Commodities | Very low minimum deposit, high leverage options | Limited asset range |
| IC Markets | Forex, Commodities, Indices, Crypto | Excellent execution speed, low trading costs | High minimum deposit for some accounts |
| Plus500 | Forex, Crypto, Indices, Commodities | User-friendly platform, regulated in multiple jurisdictions | Limited platform tools and indicators |
20 Best MT4 Brokers In The UK For November 2024
1.Vantage Markets
From November, Vantage Markets will be one of the most appealing brokers using MetaTrader 4 in the UK as it has a competitive advantage in spreads, leverages up to 500:1 and a simple and convenient interface.
It is regulated by FCA and ASIC which allows it to create a reliable environment for trading forex, commodities and indices. With faster execution rates and better customer services, Vantage Markets is beneficial for both novice and seasoned traders who are looking for consistent execution on MT4.
Features Vantage Markets
- Controlled by ASIC and FCA to ensure a safe trading space.
- Allows traders to select a suitable account based on their trading approach.
- Gives the opportunity to trade more than 300 instruments including forex and commodities.
- Spreads that are extremely competitive, beginning from 0.0 pips on ECN accounts.
- Sophisticated trading platforms such as MetaTrader 4 and 5 for optimized trading activities.
2.AvaTrade
AvaTrade happens to be one of the best MT4 brokers in the UK for the month of November. This comes as no surprise considering the regulated status it possesses with FCA and ASIC, easy working interface, and competitive fixed spreads.
Besides, the range of trading is extensive from forex, stocks to cryptocurrencies, since the leverage goes up to 1:400. The broker is equipped with a solid customer service and it even offers educational material on various topics. Hence, it is an ideal trading platform for those who are searching for an all rounded and secure environment on MT4.
Features AvaTrade
- There are a number of regulatory bodies governing the company such as the FCA and the ASIC which provides protection and constancy.
- Various trading instruments offered such as foreign exchange, stocks, and even cryptocurrencies.
- Available are fixed or variable spreads which serve the needs of different trading strategies.
- Platforms such as AvaTradeGo and MetaTrader 4 make the trading process much better.
- Traders can grow through acquisition of several educational materials such as webinars or tutorial videos.
3.XTB
As one of the best brokers for MT4 accounts in the UK, November at XTB is a contrasting month with its FCA regulation and cheap trading. With no minimum deposit and a great range of assets such as forex, indices and commodities
XTB is suitable for all types of traders. Although xStation 5 offers even more great features, MT4 is still favored by those who want to have a trusted service and offset their high costs with the lowest spread in the UK.
Features XTB
- Supervised by reputable regulators like FCA and KNF guaranteeing protection for traders.
- Possesses a wide variety of over 1,500 trading instruments on different asset classes.
- Has a proprietary trading platform, xStation 5, which is easy to use and comes with many advanced features.
- Attractive spreads with no commissions on standard account types making their pricing more economical.
- Comprehensive educational assistance with live regularly scheduled webinars and trade courses for all levels.
4.Trade Nation
Let’s also consider Trade Nation which is one of the current November MT4 brokers in the UK. The brokerage is regulated by FCA and offers fixed spreads which are also transparent.
The best part is there is no minimum deposit which means all traders can use the platform which is good for forex, indices and commodities trading.
The platform is also well known for its simple pricing and easy to navigate interface and as such would suit first-time users or experienced traders who want a simple UK MT4 broker.
Features Trade Nation
- Being regulated by the FCA means there is a secure trading environment for the clients.
- Has a no minimum deposit requirement, which allows traders of all type to easily join.
- Has a diverse offer of trading instruments such as forex, commodities, and indices.
- Has a simple and intuitive trading platform with no hidden fees and easy to use.
- Provides great customer service which can be usd through several platforms for help to the traders.
5.Libertex
On their November ranking Libertex stands out among the best MT4 brokers in UK as they have a low minimum deposit and a commission based model.
This MT4 broker endorsed by CySEC has a variety of assets such as forex, stocks and cryptocurrencies. Because of the easy to use MT4 and tight spreads, this broker is well suited for […] people to trade with as it provides good flexibility and variety, thereby making it a great option to use in the UK market.
Features Libertex
- CySEC regulation provides a safe and reliable trading environment.
- Operates a commission-based trading model and spread of competitive levels for many instruments.
- Allows for dealing in a wide range of assets like forex, stocks, and digital currencies.
- Has a simple and intuitive platform yet rich in sophisticated charting and analysts’ review and tools.
- Conducts webinars and gives market analysis so as to educate the traders.
6.Skilling
Skilling has secured its position as a top ranked MT4 broker in the UK for November due to its low spreads, offering commission free standard accounts and regulation under FCA and CySec.
Not only does Skilling have an intuitive layout, but it also provides its users with educational materials, so that traders of any level could get support.
It has a solid number of various assets like forex, stock, and even cryptocurrency which is good for many traders who want more options for themselves, low fees that they can afford, and trusted MT4 services in the UK market.
Features Skilling
- Under the regulatory authority of the FCA and CySEC guaranteeing a safe environment for trades.
- Facilitates trading with no commissions for numerous instruments which improves affordability.
- Markets almost all instruments which are more than 800 including currency, equities and exchange-traded funds.
- Incorporates a vast array of advanced features for analysis and trading while remaining readily accessible.
- Provides traders with self-improvement features such as training materials and a demo account.
7.Pepperstone
Pepperstone is an established MT4 online trading platform in the United Kingdom for November that is well recognized for its wide spreads, rapid execution speeds as well as FCA regulation.
Pretty sure this is not the case even though some research sources show negative reviews about pepperstone. It is keen to mention that the negative reviews about pepperstone Of those mt4 forex brokers listed
Pepperstone has the widest range of execution account types and leverage ratios. Pepperstone also offers stock market trading.
Pepperstone UK clients have an excellent forex trading opportunities because its Razor account supports forex trading paired with low bird spreads and commissions.
Features Pepperstone
- The FCA and ASIC are among the reputable regulators so clients’ interests are safeguarded.
- Provides a large variety of trading instruments like forex, commodities and indices.
- Affords low latency execution with an emphasis on high speed trading for every client.
- Presents a wide choice of account types such as standard and Razor accounts to match different strategies.
- Supplies full educational material and resources for market analysis for any trader level.
8.IG
Becoming one of the leading brokers on the MT4 platform in the UK, IG is regulated by the FCA and offers a wide selection of assets including forex, stock and indices.
Known for their consistent performance and easy-to-use interface, IG offers leverage of up to 1:200 and variable spreads. Recognized for their superb research tools, IG is perfect for UK traders looking for a reliable and extensive MT4 trading environment.
Features IG
- The FCA and other international regulators supervise the company, thus giving them a safe trading environment.
- Covers more than 17,000 markets from various asset classes with ease.
- Has a high degree of flexibility to customize the graphics and includes advanced charting applications within the trading platform.
- Provides strong trust in pricing since they do not have hidden costs.
- Provides traders with comprehensive market research, analysis, and useful recommendations.
9.Capital.com
In the UK, Capital.com remains one of the most popular MT4 brokers in November. Capital.com is regulated by FCA, offers very low spreads and does not charge on commission at the same time requiring low starting deposit.
They also have forex, stocks and indices which new and experienced traders can take advantage of. This makes Capital.com a great option for someone looking at doing MT4 trading in the United Kingdom as they have a very nice platform coupled with educational material that is extensive.
Features Capital.com
- Regulated by both the FCA and CySEC hence the trading atmosphere for its users is seamless.
- Provides a comprehensive array of tradeable assets like forex, commodities, and cryptocurrency.
- Has a zero- commission trading model whilst offering tight trading spreads across all type of accounts.
- Delivers an innovative trading platform with advanced analysis capabilities and multiple configuration options.
- Provides enhanced trader understanding through a wide array of educational resources such as training videos and videos.
10.CMC Markets
CMC Markets is a well-established dealer in MT4 for the month of November in the UK owing to the wide range of trading instruments available and the FCA regulation.
With tight spreads, good research analytics, a solid trading platform, CMC Markets can engage new and seasoned traders alike.
This makes it ideal for the UK MT4 traders since it covers a broad spectrum of trading assets starting from forex, indices, and commodities to cryptocurrencies.
Features CMC Markets
- With FCA and other international regulatory bodies overseeing operations, traders are assured of a high degree of security.
- Enables trading with more than 10,000 instruments from several classes, including forex and equities.
- Provides an encompassing black box trading with versatile charting and user-friendly dashboards.
- Delivers narrow spreads and better trading cost transparency, with no escalating costs hidden.
- Consists of extensive research and educational materials, which include market reviews and manuals on trade.
11.Forex.com
Forex.com is one of the leading brokers offering both FCA regulation and focusing heavily on foreign currency trading in the UK market. It also provides competitive spreads, leverage of up to 1:200 as well as numerous currency pairs thereby making it suitable for all categories of traders.
The platform has good research and educational materials which make Forex.com a good option for traders in the UK who want to use an MT4 compliant brokerage firm.
Features Forex.com
- FCA and NFA regulated which ensures safety and compliance of the trading environment.
- Provides numerous trading instruments including over 80 currency pairs and several commodities.
- Owns a proprietary trading platform that has all necessary features and tools for trading.
- Offers competitive spreads and varying levels of leverage for adopting different trading strategies.
- Provides a great deal of educational materials, webinars and market analysis to enhance [sic] a trader.
12.Admirals
In November Admirals captured the MT4 spot in the UK, owing to its supervision by the FCA and variety of trading instruments. Its spread is competitive with a leverage of 1:500 enabling it to enroll both novice and experienced traders.
The broker has lots of learning materials and other trading tools and resources which make it suitable for potential clients looking for a skilled and adaptable bookmaker to trade with in the UK using the MT4.
Features Admirals
- FCA and other financial authorities regulation protect traders.
- Has a wide range of trading options such as forex, stocks and ETFs.
- Offers the Meta Trader 4 and 5 which enhance trading capabilities and functionalities.
- Offers different types of accounts with varying spreads to suit different trading styles.
- Offers a wide variety of friendly trader educational materials like webinars and trading strategies.
13.Eightcap
Eightcap ranked among the top mt4 brokers in the uk for November and has the potential of being a good trading option in the relatively new and competitive trading environment of the Australian regulation. Its allows a leverage of 1:500 and has low spreads which is attractive for both beginners and seasoned traders.
The financial products available on this platform includes foreign exchange, commodities and cryptoassets. It’s evident that Eightcap is a good option for the british traders as it helps them to get the most out of the mt4 through high customer service and relevant educational materials.
Features Eightcap
- Registered with ASIC, hence clients will trade in a safe environment.
- Has a range of accounts for different styles of trading including standard and ECN accounts.
- Has over 200 trading instruments available including forex, commodities and indices.
- Has different spreads on for example, ECN accounts from 0.0 pips.
- Provides an intuitive trading software in addition to having advanced tools for better analysis and trading efficiency.
14.FxPro
FxPro is an MT4 brokerage from the UK that has a solid reputation for regulatory compliance via the FCA. trading has made it a broker of choice in the months when it remains consistent with offering good pricing and competitive leverage of 500:1. Going further
FxPro appears to cater for both novice and professional traders with a comprehensive array of assets which include foreign exchange, indexes, commodities, and excellent educational resources to back-them up. This makes the company a perfect choice for UK bitcoin traders and forex traders who need an established MT4 broker.
Features FxPro
- It is overseen by leading institutions such as the FCA and CySEC which helps ensures that one is interacting in a safe trading environment.
- Offers a wide selection of trading instruments, including upon forex, indices and commodities.
- Includes access to different trading platforms such as MetaTrader 4, MetaTrader 5 and cTrader.
- Includes flexible leverage levels that can go up to 1:500 catering for different trading styles.
- Provides additional assistance with thorough market analysis and various educational materials for traders’ development.
15.IronFX
IronFX is a quite popular MT4 forex brokerage in the UK for the month of November, offering as well items which are under FCA regulations.
With the services and types of accounts extended to the clients spread from 1:1000 leverage and competitive spreads makes it easier for new traders and veterans.
The platform permits trading in foreign exchange, commodities and indexes together with learning materials and customer service which makes IronFX a trading platform perfect for United Kingdom traders who need flexibility with their MT4 account.
Features IronFX
- Under the supervision of CySEC and other institutions, ensuring clients enjoy a safe trading space.
- Has various trading instruments at their disposal, such as forex, metals, and CFDs.
- Caters to various trading styles by providing different account types including standard and ECN.
- Provides tight spreads which are paired with a high leverage of 1:1000.
- Provides educational means such as market reviews and webinars on trading strategies aimed at improving trader’s knowledge.
16.HFM
HFM (HotForex) is one of the best MT4 brokers in the United Kingdom, November 2023, It is quite a regulated broker and with a lot of trading features.
It has a very manageable minimum deposit and leverage of 1:1000, which means all traders irrespective of their levels will be able to trade.
The platform is specialized in many fields and offers Forex, commodities and a number of indices. HFM’s services and educational materials make him a great fit for traders in the UK.
Features HFM
- Regulated by more than one authority including CySEC, thus creating a safe trading environment.
- Provides a wide range of trading instruments such as forex, commodities and cryptocurrencies.
- Has an assortment of accounts with different characteristics to suit different client trader requirements.
- Has a competitive range of spreads and high leverage, affording flexibility in trading strategies.
- Provides a large number of educational materials for traders’ progress such as tutorials and market analysis.
17.Saxo Bank
Saxo Bank is one of the best MT4 brokers in UK for the month of November and they have a large selection of trading instruments under strict FCA regulation.
It provides high quality researched tools and a platform that is simple to use making it easy for the hardcore traders looking for forex, stock, bonds and other instruments.
Although the minimum deposit requirement is increased at £2,000, the variety of educational content and excellent trading experience offered ensures that ONLY dedicated UK traders will benefit from Saxo Bank’s range of services.
Features Saxo Bank
- Regulated by the FCA and other financial authorities which guarantees compliance and security standards.
- Provides access to around 40,000 different trading instruments which include forex currencies, stocks and bonds.
- Offers a robust trading platform complete with various tools for trade execution and performance analysis.
- A very transparent pricing regime with narrow spreads and no other additional charges.
- Provides all the necessary materials for research and education including relevant market information and analysis.
18.FXOpen
FXOpen stands out as a trustworthy broker in the UK for November as well as an MT4 broker due to the services it offers under FCA regulation.
The broker operates with a low minimum deposit and a maximum leverage of up to 1:500 which makes it attractive for beginners as well as advanced traders. Some of the instruments that the platform offers include forex, cryptocurrencies and commodities.
As far as FXOpen is concerned, the company is dedicated to offering customer support as well as education for their services it is a great option for any trader in the UK looking for MT4 trading options.
Features FXOpen
- Retailer regulated by Forex and the Australia Securities Investment Commission which guarantees a safe environment for users while trading.
- Provides financial services and several other trading varieties such as Forex, Crypto currencies and commodity trading.
- Offers different categories of accounts including ECN and Micro accounts suitable for various trading approaches.
- Provides traders with competitive spreads and leverage amounting to 1:500 depending on the traders’ preferences.
- Provides comprehensive training materials as well as trading tools aimed at novice as well as professional traders.
19.IC Markets
IC Markets is an Australian MT4 broker that is in the search for a competitor in UK. It has earned a good reputation with its clients for its low spreads and fast execution speeds.
It comes under the regulations of FCA, has a leverage of 1:500 and provides a variety of trading instruments to its clients such as forex, commodities, and indices.
IC Markets provides multiple accounts which are designed for different trading styles and strategies which makes it a good broker for both novice and professional MT4 users in the UK.
Features IC Markets
- This site is ASIC and FCA regulated and provides a safe trading environment for all clients.
- These include foreign exchange currency pairs, commodities and indices among a host of others.
- There are ECN accounts on option with a minimum of 0.0 pips, ideal for cost-effective trading.
- Users will enjoy low latency and fast order execution for the best trading experience.
- Many trading vendors such as MetaTrader 4, MetaTrader 5 and cTrader are offered for convenience.
20.Plus500
Plus500 is an approvingly UK cited MT4 broker, being named easily the most user-friendly broker with a high level of FCA regulation for November.
Providing no commission trading, favourable spreads and a wide diversity of trading instruments which includes forex, plus500 is able to offer stocks and forwards.
This platform is perfect for those starting out the trading journey, providing a fluid trading experience fully backed up by educational materials which makes it ideal for UK clients wiling to trade on an easy to use and dependable MT4.
Features Plus500
- Clients are protected in a safe trading environment guaranteed by the FCA and CySEC regulations.
- Allows clients to manage multiple trading instruments such as forex trading, stocks, and ETFs.
- Has a very easy to use platform with a basic interface and no commission fees.
- They extend leverage up to 1:30 for retail clients which comes in handy while trading.
- Includes a wide variety of educational materials like demo accounts and tools for market prep.
Here Are The key Criteria Used To Choose Best MT4 Brokers In The UK For November 2024
Regulation: To counter threats to traders’ assets, brokers should be licensed by trustworthy institutions such as FCA.
Trading Costs: Assess the spreads, commissions and fees to measure their effectiveness.
Leverage Options: Evaluations of the leverage provided to ensure they do not exceed traders’ risk appetites.
Asset Variety: The scope of the” one stop shop” offers of trading instruments- Forex, commodities, indices, and cryptocurrencies.
Platform Features: The Characteristics of usability, functionality, tools and indicators provided by MT4.
Customer Support: Working hours, speed, and modes of providing help with solicited issues.
Educational Resources: Training materials, webinars, and tutorials to make life easier for the local traders.
Account Types: Provision of accounts that suite various styles and professionalism.
Execution Speed: Assessment of integrity and latency in trade execution for seamless trading activities.
User Reviews and Reputation: User reviews and general broker reputation within the local market to assess the broker’s quality and trust.
Conclusion
To conclude, the UK MT4 brokers that are to be chosen in November should be regulated and should not have high-level trading costs and trading platforms.
By setting these measures, it is easy for traders to go for brokers that meet their expectations and improve their trading performance. A right broker can help even a novice trader succeed in the markets which are always volatile.
