Best MT4 Brokers

Published on 29/09/2023

We've reviewed the best MT4 brokers in Kuwait, and highlighted those that accept all Expert Advisors and trading styles. Visit their website to download MetaTrader 4 and get started.

Brokers we recommend


4.7 / 5 AvaTrade
77.82% of retail CFD accounts lose money

AvaTrade.com is an award-winning online broker, in business since 2006. Trade CFDs on one of the widest possible range of instruments and asset classes, from Forex to ETFs and government bonds.


4.2 / 5 HYCM
85% of retail CFD accounts lose money

HYCM.com, formerly HY Markets, is an award-winning regulated online broker suitable for day traders as well as long-term investors. It's also an established broker, in business since 1999.


Comparison table

We rate brokers across 5 categories and 18 criteria, following a standardised methodology. Here are our overall and category-specific ratings:

OverallMarketsTrading environmentDeposits and withdrawalsInvestor protectionCustomer service
AvaTrade 4.7 5.0 4.2 4.7 4.8 5.0
HYCM 4.2 5.0 3.8 4.4 3.8 4.0
Forex (CFD)Cryptos (CFD)*Stocks (CFD)Indices (CFD)ETFs (CFD)Metals (CFD)Energy (CFD)Commodities (CFD)Bonds (CFD)
AvaTrade 5514612233191072
HYCM 6728151271334
MT4MT5Copy trading
AvaTrade
HYCM
Bank transferDebit cardCredit cardNETELLER *Skrill *
AvaTrade
HYCM
AustraliaCayman IslandsCyprus (EU)South AfricaSt. Vincent & the GrenadinesUAEUK
AvaTrade
HYCM

* Availability is subject to local laws and regulations.

Note: for brevity, this table only shows the most popular payment methods and regulators. Open a free account with any of these brokers to view funding options available in your country.



4.7 / 5 AvaTrade
77.82% of retail CFD accounts lose money

AvaTrade.com is an award-winning online broker, in business since 2006. Trade CFDs on one of the widest possible range of instruments and asset classes, from Forex to ETFs and government bonds.

  • Likes
  • Over 750 financial instruments on MT4/5.
  • Get free daily trading signals.
  • Easily copy professional traders.
  • No fees on deposits or withdrawals.
  • Get one-on-one assistance when you deposit US$1,000.
  • Dislikes
  • You cannot trade on raw spreads.
  • Quarterly and annual inactivity fees.
Our take on AvaTrade

The breadth of assets available to trade through its platform sets AvaTrade apart from the competition. You'll find over 750 instruments, including currencies, stocks, indices, ETFs (and leveraged ETFs), precious metals, commodities, cryptocurrencies, and government bonds.

AvaTrade supports the MT4 and MT5 platforms, available for Windows and iOS devices. Its web trading platform is sleek, with advanced charting tools. AvaTrade's spreads are competitive and fixed, which can provide a more predictable trading environment, well-suited for beginners.

Its customer service is excellent too. Every time a question has arisen, we've been able to speak to a customer support agent easily through a local telephone number. Our queries were resolved within minutes. AvaTrade support is available five days a week through various channels, including WhatsApp.


4.2 / 5 HYCM
85% of retail CFD accounts lose money

HYCM.com, formerly HY Markets, is an award-winning regulated online broker suitable for day traders as well as long-term investors. It's also an established broker, in business since 1999.

  • Likes
  • Trade CFDs or invest in over 1,000 "real" stocks.
  • Trade on MetaTrader 4 or MetaTrader 5.
  • Get free signals from Trading Central.
  • Open a trading account in USD, EUR, GBP, CAD and AED.
  • Dislikes
  • Trading fees on its Fixed and Classic accounts are a little high.
  • Monthly inactivity fees apply after 90 days.
  • Copy trading isn't possible.
Our take on HYCM

Trade over 300 instruments across a wide range of markets, spanning currencies, cryptocurrencies, stocks, indexes, and commodities. HYCM offers a variety of trading accounts for beginners and more experienced traders, on the MetaTrader 4 and 5 platforms.

Of note, 'buy and hold' investors can now access over 1,000 'real' stocks, and earn dividends on their investments. It is possible to invest from as little as $10 through fractional ownership. This service includes American, Asian, and European stocks.

HYCM is an established broker, in business since 1999. It is also a safe place to trade, being overseen by regulators in the EU, the UK, the UAE, and other regions. HYCM provides a reliable trading environment. However, its trading fees are somewhat higher than the competition, unless you open a Raw account.

What's the best MT4 broker for you?

MetaTrader 4 (MT4) is a popular platform among traders for its user-friendly interface, advanced charting tools, and automated trading capabilities. This article compares and contrasts FP Markets, FXCC, and AvaTrade, across two dimensions: trader experience and investment preferences, to help you find the right broker.

Based on your experience

Beginners: FXCC.com's MetaTrader 4 platform, shown above, is the most user-friendly platform of all featured in this article. Its interface is noticeably less cluttered and easier to navigate than others. However, FXCC offers little to no educational resources. Those interested in learning how to trade will need to look elsewhere for content.

Advanced traders: FPMarkets.com, AvaTrade and FXCC will appeal to experienced traders through their support for one-click trading, advanced charting tools, and automated trading capabilities. However, some traders may prefer to trade through FP Markets or FXCC, which forward client orders onto liquidity providers, whereas AvaTrade acts as a 'market-maker'.

Swing traders and day traders: FP Markets and FXCC are excellent alternatives for swing traders and day traders. Unlike AvaTrade, they both provide an ECN trading environment, with raw spreads and fast execution speeds. Importantly, they accept all trading styles, with no restrictions on MetaTrader's Expert Advisors. Swap-free accounts, also known as Islamic accounts, are available upon request.

Based on your investment preferences

Forex trading: for Forex traders, FPMarkets.com offers over 70 currency pairs with tight spreads on 1:500 leverage. This makes it an attractive option for those looking to trade major, minor, and exotic currency pairs.

Maximum leverage: FP Markets and FXCC offer high leverage (up to 1:500), an attractive proposition for traders with an appetite for risk. These brokers are able to offer higher leverage than most because they're established in offshore jurisdictions, where limits on leverage don't apply. As leverage is a double-edged sword, it's important to use leverage with caution.

Tradeable instruments: FP Markets and AvaTrade.com lead with a diverse range of instruments spanning Forex, stocks, commodities, cryptocurrencies, and even government bonds. However, if you want to access the largest possible number of instruments from a single platform, we would encourage you to open an account with an MT5 broker instead, as MT5 supports more instruments than MT4.

Conclusion

The best MT4 broker for you depends on your level of experience and your specific trading interests. Whether you're a beginner or an advanced trader, and whether your interest lies in Forex, stocks, or commodities, FP Markets, FXCC, and AvaTrade offer unique features and resources to suit your needs. It's important to consider factors such as educational resources, platform interface, leverage options, and the range of tradable instruments when making your choice.

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Author

About the author

I'm Stéphane, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.

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