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- Main features of the best MT5 Forex brokers
- Forex Brokers with MetaTrader 5
- MetaTrader 5 Forex Brokers by Spread
- Leading Brokers Using MetaTrader 5
Find the best MetaTrader5 forex brokers reviewed by our expert team at TradingPedia. If you are looking for a well-equipped trading platform that will allow you to trade on the financial markets, then why don’t you take a look at Meta Trader 5? It has all the tools a trader needs.
- Fusion Markets 74-89% of retail CFD accounts lose money
- FP Markets 73.85% of retail investor accounts lose money
- Pepperstone 75.5% of retail investor accounts lose money
- Global Prime 74-89% of retail CFD accounts lose money
- eToro 51% of retail investor accounts lose money
- XM Group 72.82% of retail investor accounts lose money
Below you can find a comparison table of forex brokers that support MetaTrader 5. We rank them based on several factors including: regulation, spreads and commissions, Trustpilot rating, trading instruments, trading platforms, deposit and withdrawal methods.
Main features of the best MT5 Forex brokers
- Min Deposit$0Trading InstrumentsForex, Commodities, Indices, Crypto, US StocksRegulatorsASIC, FSA (Seychelles), VFSC (Vanuatu)Trading PlatformsMetaTrader4, MetaTrader5, cTrader, DupliTrade, Fusion+ Copy Trade, TradingViewSpread0.9 pips Classic; 0.0 pips ZeroLeverage1:30 (1:500 for forex and metals via VFSC)Deposit MethodsVisa, Mastercard, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku, Bitcoin, Ethereum, Litecoin, USDT, Tether, Ripple, bank wire, ZotaPay, VNPay, DuitNow, XPay, DragonPay, VAPay, FasaPay, AstroPay, PayID, Jetonbank, Sticpay, Interac, LuqaPay, Zotapay, MiFinityWithdrawal MethodsVisa, Mastercard, Bank Wire, Skrill, Neteller,Bitcoin, Ethereum, Litecoin, Tether, Ripple, MiFinity, Interac, PayPal, AstroPay, Jetonbank, DragonPay74-89% of retail CFD accounts lose money
Offers trading forex, stocks, futures and more instruments with MT5. Supports 21 time frames. Traders can use 80+ Technical Analysis objects. Auto trading through EAs available.
- Min Deposit$50 (AU$100)Trading InstrumentsForex CFDs, Shares CFDs, Metals CFDs, Commodities CFDs, Indices CFDs, Crypto CFDs, ETF CFDsRegulatorsASIC, CySEC, FSA (Seychelles), FSCA, FSA (St. Vincent and the Grenadines)Trading PlatformsMetaTrader4, MetaTrader5, WebTrader, IRESS, cTrader, TradingViewSpread1.0 pips Standard; 0.0 pips RawLeverage1:30Deposit MethodsVisa, Mastercard, Neteller, Bank Transfer, Skill, Sticpay, Fasapay, Virtual Pay, Perfect Money, Pagsmile, Dragonpay, Crypto, Apple Pay, Google Pay, Online Banking, Broker to Broker, PayPal, XPay, RapydWithdrawal MethodsVisa, Mastercard, Bank Wire, Neteller, Skrill, Paytrust88, PayPal73.85% of retail investor accounts lose money
MT5 trading available on desktop, mobile, and in a browser version through WebTrader. Offers 21 time frames and 8 order types. Allows the use of EAs, forex signals, and copy trading.
- Min Deposit$0Trading InstrumentsForex, Indices, Commodities, Cryptocurrencies, Share CFDs, ETFsRegulatorsUK FCA (No.684312), CySEC (No. 388/20), ASIC (No. 414530), BaFin (No.151148), DFSA, CMA, SCB (Bahamas)Trading PlatformsTradingView, MT5, MT4, cTraderSpreadFrom 0.0 pips (Razor Accounts), 1 pip (Standard Accounts)Leverage1:30Deposit MethodsVisa, Mastercard, PayPal, Bank Transfer, BPay, Neteller, SkrillWithdrawal MethodsVisa, Mastercard, PayPal, Bank Transfer, BPay, Neteller, Skrill75.5% of retail investor accounts lose money
Offers fast order executions through MT5. Available for trading on Android and iOS mobile devices. MQL5 programming language allows easy coding. Offers 38 indicators to help tracking market movements.
- Min Deposit$200Trading InstrumentsCFDs on Forex, Commodities, Index, Bond, Cryptocurrencies, Stock, FuturesRegulatorsFSA (Seychelles), CySEC, ASICTrading PlatformsMetaTrader4, MetaTrader5, cTrader, ZuluTradeSpread0.8 pips Standard, 0.0 pips Raw AccountsLeverage1:30Deposit MethodsBank transfer, Visa, Mastercard, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna, NuveiWithdrawal MethodsBank transfer, Visa, Mastercard, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, FasaPay, Poli, RapidPay, Klarna70.64% of retail investor accounts lose money
Low-latency trading through the MT5 platform. Raw accounts with 0.0 pips starting spreads have access to MT5 trades. Level 2 pricing model on the MT5 platform.
- Min Deposit$100Trading InstrumentsForex, Major stock indices, Cryptocurrencies, Commodities, Bonds, Individual Shares, ETFsRegulatorsFFAJ (License No.1574),CySEC (No. 347/17) ISA (No. 514666577), IIROC, ADGM / FSRA (No.190018), CBI (No.C53877), BVIFSC (No. SIBA/L/13/1049), FSCA(No.45984), ASIC (No.406684), JFSA (No. 1662)Trading PlatformsMetaTrader4, MetaTrader5, WebTrader, AvaTadeGO, AvaSocial, AvaOptions, DupliTradeSpreadFrom 0.9 pips (retail), 0.6 pips (pro)Leverage1:30Deposit MethodsVisa, Mastercard, Skrill, WebMoney, Neteller, bank wireWithdrawal MethodsVisa, Mastercard, Skrill, WebMoney, Neteller, bank wire76% of retail investor accounts lose money
Multi-asset trading through MT5. Algorithmic trading with EAs. MT5 available on Windows, Mac, iOS, and Android devices.
- Min Deposit$5Trading InstrumentsForex, Stocks, Indices, Commodities, Thematic IndicesRegulators(ASIC) (ref. No. 443670), FSC (license no. 000261/397), DFSA (ref. no. F003484), CySEC (license no. 120/10), CFTC; Registrations for EU passporting: - BaFin, CNMV, MNB, CONSOB, ACPR, FIN-FSA (Finland), KNF, AFM, FSA (Sweden)Trading PlatformsMetaTrader 4 and 5, MetaTrader 4 and 5 on mobile, MT4 WebTrader, MT5 WebTrader, MT4 MultiterminalSpreadFrom 0.0 pips (Zero Account), 0.6 pips (Standard and Micro Accounts)Leverage1:30Deposit MethodsVisa, Mastercard. Skrill, Bank Transfer, Neteller, Apple Pay, Google Pay, UnionPay, MaestroWithdrawal MethodsVisa, Mastercard, China Union Pay, Skrill, Neteller, Bank Transfer72.82% of retail investor accounts lose money
Traders can install the MT5 platform on various desktop and mobile devices. Web trading through WebTrader is also supported. Supports over 1,000 tradable instruments, with advanced tools allowing expert trading.
- Min Deposit$100Trading InstrumentsForex CFDs, Commodity CFDs, Shares CFD's, Index CFDs, Crypto CFD'sRegulatorsSCB (No. SIA-F220), ASIC (No.391441), CySEC (No. 246/14), FCA (No. 921296)Trading PlatformsMT4, MT5, WebTrader, TradingView, Capitalise.ai, FlashTraderSpread0.1 pips on Standard and TradingView Accounts; 0.0 pips Raw AccountsLeverage1:30Deposit MethodsVisa, PayPal, Mastercard, Wire Transfer, Neteller, Skrill, Tether, Bitcoin, BPAY, Dragonpay, Fasapay, Interac, Pix, UnionPayWithdrawal MethodsMastercard, Visa, PayPal, Skrill, Neteller, Bitcoin, Tether, Wire Transfers, BPAY, Fasapay, Pix, Interac, UnionPay76.09% of retail investor accounts lose money
Provides access to global markets through the MT5 trading platform. Advanced trading is possible through EAs, separate accounting of orders, and state-of-art charting tools.
- Min Deposit$100Trading InstrumentsForex, CFD's on Stock, CFD's on IndicesRegulatorsCySEC (No. 278/15), FCA (733772), CONSOB (No.4310), BaFin (No.146511), ACPR (No.75473), CNVM (No.4082), FSA Seychelles (SD 008), FSCA (FSP 49464), DFSA (F007663)Trading PlatformsMT4, MT5, WebTrader, ZuluTradeSpreadFrom 0.0 pips (Raw Account), 1.6 pips (Classic Account)Leverage1:30Deposit MethodsBank Transfer, Skrill, Mastercard, Visa, PayPal, Przelewy24, Neteller, TrustlyWithdrawal MethodsMastercard, Visa, Skrill, Neteller, Przelewy24, PayPal, Bank Transfer70% of retail investor accounts lose money
One can access various trading markets through MT5. Traders may use 21 different time frames, 38 built-in indicators, Economic Calendar, and EAs for algorithmic trading.
- Min Deposit$100Trading InstrumentsRegulatorsCySEC (license no. 079/07), ASIC (license no. 246566), FSA (license no. SD056), and FSC (license no. SIBA/L/20/1135).Trading PlatformseasyMarkets, MetaTrader 4, MetaTrader 5, TradingViewSpreadLeverage1:30Deposit MethodsVisa, Mastercard, JCB, Amex, Skrill, Neteller, Fasapay, Sofort, iDEAL, Web Money, BPay, Bank TransferWithdrawal MethodsVisa, Mastercard, JCB, Amex, Skrill, Neteller, Fasapay, Sofort, iDEAL, Web Money, BPay, Bank Transfer71% of retail investor accounts lose money
Offers 38 inbuilt trading indicators through MT5 platform. Spreads starting as low as 0.7 pips. MT5 can run on desktop and mobile devices as well as on any popular browser.
- Min Deposit$50Trading InstrumentsForex, Indices, Commodities, Shares CFD, ETFs, BondsRegulatorsFCA (license no. FRN: 590299), VFSC (reg. No. 700271), ASIC (license no. no. 428901), FSCA (license no. 51268), CIMA (no. 1383491)Trading PlatformsMetaTrader 4, MetaTrader 5, ProTrader, TradingView, Copy TradingSpread1.1 pips on Standard Account; 0.0 pips on Raw, Cent, and Pro AccountsLeverage1:30Deposit MethodsVisa, Mastercard, Union Pay, Boleto, Bank Wire, Skrill, Neteller, Crypto, POLi, FasaPay, Perfect Money, BPay, Pagsmile, AstroPay, JCBWithdrawal MethodsVisa, Mastercard, Union Pay, Bank Wire, Skrill, Neteller, Crypto, AstroPay, Perfect Money, JCB
Traders can access multiple markets through the MT5 desktop platform or switch to the MT5 app or the WebTrader version for in-browser trading. Offers multiple time frames and instruments that allow auto trading, market tracking, and advanced analysis.
Forex Brokers with MetaTrader 5 Compared By Leverage and Commission per Lot
Broker | Min Deposit | Max Leverage | Commission per Lot | Trustpilot Rating |
---|---|---|---|---|
1. Fusion Markets | $0 | 1:30 for ASIC Entity (1:500 for VFSC Entity) | $0 Classic Account, $4.50 round turn on Zero Account | 4.9 |
2. FP Markets | $50 (AU$100) | 1:30 (Retail)1:500 (Professional) | $0 Standard Account; $6 round turn on Pro Account | 4.8 |
3. Pepperstone | $0 | 1:30 (Retail ASIC, CySEC, FCA); 1:500 (Professional); 1:400 (CMA) | $0 (Standard Account), $7 round-turn (Razor Account) | 4.7 |
4. Global Prime | $0 | 1:30 (Retail)1:500 (Professional) | $0 Standard Accounts; $7 round turn on Raw Accounts | 4.4 |
5. eToro | $50 or $100 based on country ($10 for the UK) | 1:30 (FCA, ASIC, CySEC); 1:50 (FINRA); 1:500 (FSA) | $0 | 4.2 |
6. XM Group | $5 | 1:30 for CySEC and ASIC Entities (1:1000 for Other Jurisdictions) | $0 Ultra Low Micro and Ultra Low Standard Accounts; $3.50 per side XM Zero Account | 2.9 |
MetaTrader 5 Forex Brokers by Spread
Broker | EUR/USD | USD/JPY | GBP/USD | USD/CHF | AUD/USD | EUR/GBP | USD/CAD |
---|---|---|---|---|---|---|---|
1. Fusion Markets | 0.07 | 0.13 | 1.01 | 0.37 | 0.90 | 0.23 | 0.14 |
2. Global Prime | 0.13 | 0.28 | 1.11 | 0.34 | 0.07 | 0.28 | 0.26 |
3. XM Group | 0.8 | 0.9 | 0.9 | 2.1 | 0.75 | 1.5 | 2.4 |
4. eToro | 1.0 | 1.0 | 2.0 | 1.5 | 1 | 1.5 | 1.5 |
5. Pepperstone | 1.00 (min) | 1.0 | 1.00 (min) | 1.1 | 1.2 | 1.2 | 1.42 |
6. FP Markets | 1.1 | 0.30 | 1.2 | 1.8 | 1.2 | 0.20 | 1.5 |
Here is a detailed summary of the text:
Overview of MetaTrader 5 (MT5)
MetaTrader 5 (MT5) is a trading platform that allows users to trade various financial instruments, including Stocks, CFDs, Forex, and Futures. The platform provides a range of features that enable traders to automate their trades, analyze markets, and make informed investment decisions. Below you can find the main features of the MT5 platform.
Algorithmic Trading
MT5 allows users to create and use algorithmic trading applications, including trading robots and Expert Advisors (EAs). These can be built from scratch or imported from the platform’s library.
Multiple Open Positions
MT5 enables traders to manage multiple open positions simultaneously, making it easier to monitor and adjust their trades.
Technical and Fundamental Analysis
The platform provides a range of analytical tools, including 38 technical indicators, 39 graphical indicators, and 80 built-in analytical indicators. These tools help traders understand market movements and make predictions about future price directions.
Market Depth
MT5’s Market Depth feature provides real-time information about the best bids and offers for a particular asset, enabling traders to assess market liquidity and make more informed decisions.
Automated Trading
MT5 allows traders to automate their trades, executing positions on their behalf even when their machine is off. This feature enables traders to process extensive information and multiple orders quickly with minimal intervention.
Predicts Market Direction
MT5’s analytical tools enable traders to predict market direction and make informed investment decisions.
Supports Advanced Market Depth: The platform’s Market Depth feature provides real-time information about market liquidity and standing buy and sell.