Best MetaTrader 5 Brokers

MetaTrader 5 is the successor to MetaTrader 4, the world's most popular trading platform. We've reviewed the best MT5 brokers below, highlighting those that allow all trading styles.

Best brokers

  1. FP MarketsAward Best FX Broker Australia 2021
  2. AvaTradeAward Best Mobile Trading Platform 2021
  3. LiteFinanceAward Best Forex Broker Africa, 2011
  4. OctaFXAward Best Forex Broker India, 2021
  5. 4XCAward #1 European Forex Newcomer of the Year, 2020

Broker reviews

FP Markets is a true ECN broker with razor-thin spreads and deep liquidity. Trade CFDs on over 10,000 stocks, indices, commodities and currency pairs through Iress, and over 1,000 such instruments through MetaTrader 5. FP Markets supports all trading styles and EAs.

  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD), Bonds (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5, Copy trading
  • Regulators: Australia, Saint Vincent and the Grenadines
  • Incorporated: 2005

$100
deposit

1:500
leverage

Market
execution

$100
deposit

1:500
leverage

Market
execution

AvaTrade (AvaTrade.com) is an award-winning online broker. Trade CFDs on Forex, crypto-currencies, shares, metals and more on MetaTrader 4 or 5. AvaTrade accepts all Expert Advisors except those with a focus on arbitrage.

  • Risk warning: 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD), Bonds (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5, Copy trading
  • Regulators: Australia, BVI, Ireland, Japan, South Africa, UAE
  • Incorporated: 2006

$100
deposit

1:400
leverage

Instant
execution

$100
deposit

1:30
leverage

Instant
execution

$100
deposit

1:400
leverage

Instant
execution

$100
deposit

1:30
leverage

Instant
execution

$100
deposit

1:400
leverage

Instant
execution

LiteFinance (LiteFinance.com), formerly LiteForex, is an ECN broker headquartered in Russia. Trade CFDs on a wide range of markets on Metatrader 4 or 5, with flexible leverage up to 1:500. LiteFinance accepts all EAs and trading styles, including scalping and news trading.

  • Risk warning: 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5, Copy trading, Mirror trading
  • Regulators: CySEC, Saint Vincent and the Grenadines
  • Incorporated: 2005

$50
deposit

1:500
leverage

Market
execution

$50
deposit

1:500
leverage

Market
execution

Trade without restrictions with OctaFX (OctaFX.com), an international broker headquartered in St. Vincent & The Grenadines. Access CFDs on currency pairs, indices, precious metals and commodities on MetaTrader 4, MetaTrader 5 or cTrader.

  • Markets: Forex (CFD), Cryptos (CFD)*, Indices (CFD), Metals (CFD), Energy (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5, Copy trading
  • Regulators: CySEC, Saint Vincent and the Grenadines
  • Incorporated: NA

$100
deposit

1:500
leverage

Market
execution

  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5
  • Regulators: Cook Islands
  • Incorporated: 2018

$10 (MT4) and $ 500 (MT5)
deposit

1:500
leverage

Market
execution

$100 (MT4) and $ 500 (MT5)
deposit

1:500
leverage

Market
execution

$25000
deposit

1:200
leverage

Market
execution

MT5 was released in 2011 as a successor to MetaTrader 4, the world's most popular 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 with a wide selection of indicators through its app.


Featured brokers

FP Markets

ECN RAW Account [MT5]

Trade over 60 pairs of currencies as well as CFDs on metals, indices and commodities through MT5 ... More

  • $100 deposit
  • 1:500 leverage ?
  • 0.09 pips EUR/USD

LiteFinance

ECN Account

Trade Forex on floating spreads from 0 pips plus commission on MT4 or MT5. Get started from a low $... More

  • $50 deposit
  • 1:500 leverage ?
  • 0 pips EUR/USD
Risk warning: 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FP Markets

Standard ECN Account [MT5]

Trade over 60 pairs of currencies as well as CFDs on metals, indices and commodities through MT5 ... More

  • $100 deposit
  • 1:500 leverage ?
  • 1.19 pips EUR/USD

AvaTrade

Professional Account [EU]

Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and... More

  • $100 deposit
  • 1:400 leverage ?
  • 0.6 pips EUR/USD
Risk warning: 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.