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Best MT5 Brokers

MetaTrader 5 is the successor to MetaTrader 4, the world's most popular retail FX trading platform. Compare MT5 brokers now.

Flexible leverage ?Commission / lot ?Minimum deposit ? 
FxPro

FxPro
MT5 Floating - Market Exec.

1.4 pips
1:500
$0$500
Risk warning ?
HotForex

HotForex
Micro Account

1.2 pips
1:1000
$0$5
FXTM

FXTM
Standard Account

1.6 pips
1:30
$0$100
Risk warning ?
FXTM

FXTM
ECN Account

0.1 pips
1:30
$2$500
Risk warning ?
FP Markets

FP Markets
Standard ECN Account (MT5)

1.45 pips
1:500
$3.5$100
FP Markets

FP Markets
ECN Raw Account (MT5)

0.45 pips
1:500
$3.5$1000
LiteForex

LiteForex
Classic Account
20% cashback

2.2 pips
1:500
$0$50
Risk warning ?
     

MT5 was released in 2011 as a successor to MetaTrader 4, the world's most popular retail Forex trading platform.

MetaTrader 4 vs. 5

If you are comfortable trading on MetaTrader 4, you might wonder what MetaTrader 5 has to offer:

  • CFDs on stocks, indices and commodities alongside Forex (MT4 is primarily focussed on the Forex market). Note that the range of markets and securities will ultimately depend on your broker.
  • Six types of pending orders and two types of stop orders (MT4 has four types of pending orders).
  • A wider choice of chart time-frames.
  • Additional technical indicators

Automated trading

MetaTrader 5 also supports Expert Advisors, robots that allow you to automate trades and account management tasks. However, you should note that MetaTrader 4 robots are not compatible with MetaTrader 5. If you are particularly keen on using a certain EA, you'll need to check compatibility with your chosen platform.

You can write your own EAs with MetaQuotes Language 5 (MQL5), the platform's built-in programming language. MQL5 is an object-orientated programming language which means you'll feel right at home with it if you're familiar with C++, C#, VB.NET or Java.

Mobile trading

MetaTrader 5 is also available on iPhone and Android. Manage your account, trade online and perform technical analysis drawing on 14 of the most popular indicator in one place.

FXTM

Trade 45+ currency pairs, Spot Metals and Spot CFDs with market execution and no requotes. Scalping ... More

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Risk warning ?

FxPro

Trade 69 currency pairs, spot indices, energies, metals and shares on fixed spreads with instant ... More

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Risk warning ?

Fortrade

Trade a wide range of asset classes on low fixed spreads all from Fortrade's MT4 platform: Forex, ... More

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Risk warning ?

Plus500

Trade online with an interest-free Islamic account. This account has no rollover charges (swap fees... More

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Risk warning ?