MetaTrader 4 and MetaTrader 5 remain the gold standards for forex traders across the globe. With powerful charting tools, automated trading support, and access to global markets, both platforms are known for performance. But when it comes to spreads, not every broker delivers equally.
If you’re using either platform, choosing a broker that offers the best Forex spreads on MT4 or MT5 can drastically improve your trading experience and your results.
Why MetaTrader is still the trader’s choice
MetaTrader platforms provide direct access to real-time pricing, customizable indicators, and the ability to run expert advisors (EAs). But spreads on these platforms are not set by MetaTrader itself, they come from your broker.
That means two traders using the same platform may be paying entirely different costs depending on their broker. Your job is to pair the right broker with your MetaTrader platform to unlock the lowest spreads possible.
Key brokers offering top-tier spreads on MetaTrader 4 and 5
Here are several brokers known for consistently delivering the best Forex spreads through MetaTrader:
1. IC Markets
Offers raw spreads on both MT4 and MT5, often as low as 0.0 pips on EUR/USD. Ideal for scalpers and algorithmic traders.
2. Pepperstone
Provides access to both platforms with ultra-low spreads and fast execution. Great for day traders using custom scripts or EAs.
3. Fusion Markets
Competitive spreads with low commission fees. Known for reliable performance and excellent MT4 and MT5 support.
4. FXTM (ForexTime)
Offers flexible account types, including ECN options. Spreads are tightest during major session overlaps.
5. Tickmill
Known for its professional pricing and strong regulatory background. Spreads on MetaTrader are frequently under 0.2 pips for major pairs.
MT4 vs MT5 spread experience
Both platforms allow live spread monitoring and support the same tight-pricing broker feeds. The main difference is in system design:
- MT4 is lighter, runs faster on older machines, and is the go-to for many scalpers.
- MT5 offers more advanced order types and depth of market tools, giving greater insight into spread behavior.
Regardless of which platform you use, what matters is whether your broker supplies tight, reliable pricing that reflects real-time market depth.
How to track spreads directly on the platform
To monitor spreads on MetaTrader:
- Enable the “Market Watch” window
- Right-click and activate the “Spread” column
- Observe real-time changes across currency pairs
- Use a spread indicator for visual display on charts
This lets you see when the best Forex spreads are actually live—not just advertised.
Additional tips for spread optimization on MT4 and MT5
- Trade during major session overlaps to reduce spread expansion
- Avoid volatile times like news releases unless your broker handles them well
- Use a VPS for faster execution if you’re running EAs
- Test brokers in demo accounts first to compare spread consistency
MetaTrader 4 and 5 are powerful platforms but they can only take you as far as your broker’s pricing allows. If your goal is to minimize trading costs, pairing your MetaTrader setup with brokers known for offering the best Forex spreads is a smart move.
You don’t need to change your platform to save money, you just need to change who delivers your pricing.