MT4 Binary Options Brokers

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Written By
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Written By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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Edited By
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Edited By
Tobias Robinson
Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.
Updated

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 2024. 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.

Best MT4 Binary Options Brokers

These are the top binary options brokers with access to the MetaTrader 4 platform and app:

Click a broker for details
  1. 1
    Pocket Option
    50% Deposit Bonus

    Ratings
    2 / 5
    3.5 / 5
    2.5 / 5
    3.5 / 5
    3.3 / 5
    3.3 / 5
    3 / 5
    3.5 / 5
    4 / 5
    4.2 / 5

    $50
    $1
    MISA
    Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos
    Web, MT4, MT5
    Wire Transfer, Credit Card, Bitcoin Payments, Volet, Perfect Money, Visa, Mastercard, Debit Card, WebMoney, FasaPay, Ethereum Payments, Maestro, JetonCash
    USD
  2. 2
    World Forex
    100% Deposit Bonus

    $1
    0.01 Lots
    1:1000
    SVGFSA
    Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
    MT4, MT5
    Wire Transfer, Debit Card, Credit Card, Visa, Mastercard, Google Wallet, Apple Pay, Perfect Money, Bitcoin Payments, Volet
    USD, EUR, RUB

Here is a short overview of each broker's pros and cons

  1. Pocket Option - Pocket Option offers ultra-short-term binaries from 5 seconds on one of the simplest web platforms for beginners. Payouts rival alternatives at 90%+ while the ‘Double Up’ and ‘Rollover’ features provide further opportunities to profit. Considering the negatives, the suite of 130+ assets trails binary brokers like Quotex, which offer 400+.
  2. World Forex - World Forex offers binary options where you simply decide the stake, price direction and contract timeframe. The payouts are high at up to 100% on American contracts and 85% on European, which also offers a partial refund to traders who close contracts before expiry.

MT4 Binary Options Brokers Comparison

MT4 Binary Options Brokers Comparison
Broker MetaTrader 4 Binary Options Maximum Payout Minimum Deposit
Pocket Option logo
92% $50
World Forex logo
100% $1

Pocket Option

"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."

Jemma Grist, Reviewer

Pocket Option Quick Facts

Bonus Offer50% Deposit Bonus
Minimum Deposit$50
Payout %92%
Expiry Times5 seconds - 4 hours
Copy TradingYes
PlatformsWeb, MT4, MT5
InstrumentsBinary Options, Currencies, Commodities, Stocks, Indices, Cryptos
Account CurrenciesUSD

Pros

  • The web platform shines for its straightforward design and usability that will appeal to beginners looking to speculate on popular financial markets in a few clicks
  • The range of payment methods beats the majority of rivals, providing fast, secure and convenient deposits for traders in most countries
  • Well-funded traders who deposit $1000+ can qualify for a 2%+ payout boost, more tradable assets and exclusive perks

Cons

  • Pocket Option offers a slimmed down iteration of the MT4 and MT5 that doesn't provide the full charting package for advanced traders
  • The MISA is a weak regulator with limited investor protection for retail traders
  • Despite offering competitive payouts up to 92%, binary brokers like IQCent offer higher returns up to 98% based on tests

World Forex

"World Forex provides both highly leveraged CFDs and digital contracts, making this a good broker for clients who want flexible and rewarding ways to trade. The copy trading service will also appeal to newer traders."

Tobias Robinson, Reviewer

World Forex Quick Facts

Bonus Offer100% Deposit Bonus
Minimum Deposit$1
Payout %100%
Expiry Times1 minute - 7 days
Copy TradingYes
PlatformsMT4, MT5
InstrumentsForex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Account CurrenciesUSD, EUR, RUB

Pros

  • 10+ accepted payment methods
  • MT4, MT5 and a proprietary trading terminal
  • A wide range of assets to trade, including via digital contracts

Cons

  • No negative balance protection
  • Withdrawal fees apply
  • Weak regulation

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.

Which binary options brokers offer MetaTrader 4?
Chart Screen

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.

Indicators

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.

Best MT4 binary options brokers
Indicator Navigation

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.

Timeframes

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

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:

Payouts Explained

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.

Contract Lengths

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.

Underlying Assets

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:

Top binary options brokers with access to MT4
Search 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.

Copy Trading

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.

Trust

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.

Demo Accounts

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.

FAQs

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 2024.