If you are planning to participate in a prop trading challenge to try and qualify for a funded account, then you will want to use a trading platform that you feel comfortable with. If that is MetaTrader 4 (MT4), then you will be pleased to know that there are many prop firms with the MT4 platform for you to choose from.
Prop Firms with MetaTrader 4
What Is MetaTrader 4?
MetaTrader 4 is one of the most popular trading platforms that is used by millions of CFD traders all over the globe. The MT4 platform is well known for its user-friendly interface that makes it easy to navigate whilst it can be fully customised according to your own preferences. It has a short learning curve which makes it a top choice for beginners, whilst it has enough powerful features and functionality to meet the needs of even the most demanding of traders.
You can use MT4 for manual and automated trading with expert advisors. The platform is packed with an abundance of trading tools for conducting in-depth market analysis across all of your favourite financial instruments and asset classes, including forex, stocks, indices, commodities and cryptos. You can also find thousands of free and paid add-ons to further enhance the possibilities of the already robust platform.
MT4 is available for desktop, web and mobile. The web platform runs directly in most modern web browsers which means you do not need to download or install any software. The MT4 mobile app is great for those of you who need to access your funded account and trade whilst on the go. However, the MT4 desktop platform is the most powerful and is needed if you plan to run automated trading systems. Whatever your experience level or trading style, MT4 has got you covered.
OnlyFunds provide funded trading accounts with a large 90% profit share, along with straightforward and fair trading conditions to ensure a level playing field for all traders.
FTMO is an award-winning prop trading firm where you can take part in challenges to qualify to trade the company’s capital and receive up to $2 million in funds and keep 90% of profits. The company provide you with support along the way and will even cover the losses.
The Funded Trader is a popular prop trading firm where aspiring traders can potentially unlock up to $600k accounts to become professional traders and earn a 90% share of the profits.
SurgeTrader accelerates your path to becoming a professional trader by putting real capital into live accounts for you to trade. They have a good variety of funded trader programs where you can keep up to 90% of the profits if you successfully pass the audition phase and scale up to $500K.
E8 Funding give you the funds and take the risk for you to trade. They have a simple 2-phase evaluation process which gives you access to manage up to $1,000,000 in trading funds and an 80% profit share once complete.
If you are a fan of the MetaTrader 4 platform, then you will be pleased to hear that there are plenty of prop firms with MT4. Therefore, you don’t need to base your decision solely on the prop firms that have MT4, but other important factors such as the profit share, scaling plan, trading rules and conditions. Make sure you consider the trading challenges that are available and if you feel that the profit targets and other objectives are achievable. Read prop firm reviews and ask for proof of payouts to ensure you are dealing with a reputable company that can be trusted.
Funder Trading stands first in our list of the top prop trading firms in 2024 due to multiple reasons but notably it is the only prop trading firm that offers options funding and includes coaching for every trader signed up.
The top futures prop firms are TopStepTrader, Jane Street, FTMO, 3Red Partners and The Trading Pit. Jane Street and 3Red Partners are very secretive about their fees and profit splits but they do offer some of the best technology and high-frequency trading.
Will mt4 be phased out? No. Although Metaquotes announced several years ago they would no longer be supporting MetaTrader 4, it is still available from their website for free download and remains by far the most popular and widely used trading platform. What is the difference between MT4 and MT5?
In September 2022, a ban on the MT4 and MT5 apps in Apple's App Store, which affected all markets, made headlines. Though the reasons for the decision were unclear, there was speculation that it was related to trading scams published in the iOS app store, impersonating popular trading platforms.
Yes, there are many sites offering similar services to FTMO. These include FunderPro, the5ers and many more. If you are looking for an alternative to FTMO, FunderPro is currently rank as the number one on the list of top Forex Prop Firms.
FTUK is a reputable prop firm with instant funding accounts, which attracts seasoned traders who want to access large trading capital without a lengthy evaluation process. The funding range is from 14k to 5 million USD with a profit share of 80% and maximum leverage of 1:100.
FTMO have now restricted access to all new US-based traders as of January 2024. This appears to be related to regulatory issues and may have something to do with the recent My Forex Funds case.
Yes, besides Ultimate Trader, there are several legitimate forex prop trading firms, and True Forex Funds is among them. Joining a reputable prop trading firm typically involves a straightforward process.
Traders are required to meet profit targets to complete a $1 million funded account prop firm challenge. These profit targets build the challenge program for traders to prove their skills, talent, and achieve their goals. Choose from a range of trading instruments including forex, crypto, stocks, indices, and metals.
{quote} FTMO (unless you are a US citizen), The5ers, and City Traders Imperium are the three oldest prop firms, and probably the only ones with 5+yrs reputable history of reliable payouts.
In what appears to be related to the latest MetaQuotes crackdown on the proprietary trading landscape, prop firm FTMO has stopped onboarding US clients, Finance Magnates has learned. New traders attempting to register from a US IP address were unable to complete the registration form.
Audacity Capital is one of the oldest Forex prop firms with tight spreads which allows traders to speculate on diverse markets and provides low-cost funding accounts.
You can trade your FTMO Challenge, Verification, and FTMO Account on some of the most popular retail platforms – MetaTrader 4, MetaTrader 5, DXtrade, or cTrader.
Purple Trading, Blackbull Markets, Eightcap, Think Markets, and Blueberry Markets are some of the brokers that have extensively partnered with prop firms, offering grey-label licensing for MetaTrader platforms.
IG is the best MT4 broker for US forex traders. It is authorized and registered with the RFED and CFTC and was established in 1974. IG supports dozens of forex pairs, including plenty of minors and exotics. Moreover, IG offers some of the most competitive trading fees in the market.
And therefore, FTMO brings additional improvements to its traders, making trading in this platform easier. FTMO offers its traders the most popular trading platforms, MetaTrader 4 and 5, as well as cTrader.
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