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 in Hong Kong, and highlighted those that allow all trading styles and Expert Advisors.
Brokers we recommend
- AvaTrade Best Broker for Beginners
- Exness Best Swap-Free Broker
- LiteFinance Best for Copy Trading
- RoboForex Best Offshore Broker
- JustMarkets Best Broker for Gold & Silver (CFD)
We rate brokers across 5 categories and 18 criteria, following a standardised methodology. Here are our overall and category-specific ratings:
|Deposits and withdrawals
* Availability is subject to local laws and regulations.
Note: for brevity, this table only shows the most popular payment methods and regulators. Open a free account with any of these brokers to view funding options available in your country.
- Flexible leverage up to 1:500.
- Trade over 1,000 financial instruments.
- Trade on MT4/5 or cTrader without restrictions.
- Copy trading service is available.
- Customer support is available 24/7.
- No TradingView integration is available for now.
- No investor compensation fund in the event of bankruptcy.
We've traded through this broker's MT5 Raw account and can vouch for its low spreads and reliable trading environment. Its Raw account is designed for day traders and scalpers, and its Standard account will suit all others.
We also like the breadth of instruments available through its platform. You'll find over 70 currency pairs, as well as gold and silver priced in US dollars, euros and Aussie dollars. You can also go long or short on stocks and government bonds through over 40 ETFs.
Its free educational content also sets it apart from the competition. Fund your account to get access to trading signals from Trading Signal and Autochartist. You'll also get access to free trading courses for beginners and experienced traders, weekly webinars and e-books.
- Enjoy flexible leverage up to 1:500.
- Choose between MetaTrader 4 and 5.
- All trading styles and Expert Advisors are allowed.
- Fast execution speeds from its London data-centre.
- Negative balance protection is only available across Forex and precious metals.
- 4XC is regulated in the Cook Islands, a country without an investor compensation fund.
From the outset, 4XC has offered high leverage (up to 1:500) across Forex, gold and silver. It accepts all trading styles on MT4/5 without restrictions. Alternatively, you may open a PAMM account or a copy trading account.
Its customer service agents, available 6 days a week, have always been friendly and professional. So it's perhaps no surprise that 4XC has received several awards commending the quality of its customer service team.
Overall, we would recommend 4XC to anyone looking for a trustworthy broker, especially if you are primarily interest in trading Forex or precious metals on high leverage.
- CFDs on 250+ instruments.
- FxPro accepts all trading styles on MT4/5 and cTrader.
- Trade on fixed or floating spreads, with or without commission.
- Many deposit methods, including crypto and broker-to-broker transfers.
- Get daily trading signals from Trading Central.
- You cannot trade CFDs on ETFs or government bonds.
- Copy trading isn't available.
It's hard to find fault with FxPro, a broker with a 20-year track record. We've traded through FxPro's Raw account and enjoy the razor-thin floating spreads and low commissions. This account, which comes with a $1,000 minimum deposit, will appeal to experienced traders.
If you're new to trading, you could also open a Standard account with a low $100 deposit. You'll enjoy a more predictable trading environment with fixed, albeit wider, spreads. In short, FxPro is a platform you can grow into as you gain experience.
The educational content available on FxPro.com also caught our attention. You'll find learning paths for both beginners and advanced users, in the form of online courses, video tutorials and webinars.
- Over 750 financial instruments on MT4/5.
- Get free daily trading signals.
- Easily copy professional traders.
- No fees on deposits or withdrawals.
- Get one-on-one assistance when you deposit US$1,000.
- You cannot trade on raw spreads.
- Quarterly and annual inactivity fees.
The breadth of assets available to trade through its platform sets AvaTrade apart from the competition. You'll find over 750 instruments, including currencies, stocks, indices, ETFs (and leveraged ETFs), precious metals, commodities, cryptocurrencies, and government bonds.
AvaTrade supports the MT4 and MT5 platforms, available for Windows and iOS devices. Its web trading platform is sleek, with advanced charting tools. AvaTrade's spreads are competitive and fixed, which can provide a more predictable trading environment, well-suited for beginners.
Its customer service is excellent too. Every time a question has arisen, we've been able to speak to a customer support agent easily through a local telephone number. Our queries were resolved within minutes. AvaTrade support is available five days a week through various channels, including WhatsApp.
Exness.com is an offshore broker trusted by over 500,000 active clients. Trade Forex, crypto, commodities, stocks and indices on MetaTrader 4 or 5 with unlimited leverage (conditions apply).
- Low and stable spreads.
- No swap charges across most FX pairs.
- Unlimited leverage on MetaTrader 4 and 5 (conditions apply).
- Withdrawals processed instantly in a wide range of currencies.
- Negative balance protection is available.
- No access to a compensation fund in the event of bankruptcy.
- No CFDs on agricultural commodities, ETFs or government bonds.
Once you start trading with Exness, you soon understand why this broker is trusted by over 500,000 active clients. We traded through its MT5 Standard account with spreads from just 0.3 pips. Most instruments have no swap charges at all, which makes it easy to estimate how profitable each trade could be.
You'll find a wide range of instruments through its platform. These include over 100 currency pairs, crypto, U.S. stocks, global indices and commodities. The gold and silver crosses against the euro, the British Pound and the Aussie dollar will appeal to gold bugs.
Its web trading platform, built around TradingView charts, is sleek. If you're into technical analysis, you'll be able to customise charts with over 100 indicators and save them for later. Visit Exness to create an account and see for yourself what this broker has to offer.
Trade CFDs on a wide range of markets on MetaTrader 4 and 5, with leverage up to 1:1,000 through LiteFinance.com. This broker accepts all EAs and trading styles, including scalping and news trading. Earn up to 2.5% interest on your balance.
- All trading strategies are allowed.
- Get free daily technical and fundamental analysis.
- Receive up to 2.5% interest on used funds.
- Copy trading accounts are also available.
- Withdrawals fees are somewhat high, especially card withdrawals.
We have been trading through LiteFinance's ECN account for over 3 years on raw spreads plus a commission of $5 per lot, per side, and we enjoy its unrestricted trading environment.
Their customer service team is responsive, even on weekends. Our withdrawals have always been processed as quickly as possible. However, their withdrawal fees are a bit high, especially card withdrawals.
LiteFinance publishes a lot of educational content in the form of webinars and articles on its blog, often focused on technical analysis. However, you might find yourself lost if you are new to trading.
RoboForex.com is an offshore broker based in and regulated in Belize. Access over 12,000 instruments, including real equities and CFDs on Forex, crypto and oil, from a single platform. We were able to start trading in minutes, without ID verification.
- Access 12,000 instruments, including real stocks.
- Start trading in minutes without ID verification.
- Enjoy negative balance protection.
- RoboForex is only regulated in Belize.
- Withdrawal fees across most funding methods.
RoboForex is an offshore broker you should consider, if you're looking for high leverage (up to 1:2000) across a wide range of asset classes.
We were able to open an account and start trading in under 5 minutes, as RoboForex postpones account verification until you raise a withdrawal request. It's free to fund your account, but pay attention to withdrawal fees across most withdrawal methods.
RoboForex accepts all trading styles and EAs on the MetaTrader 4 and 5 platforms. Its trading fees are on par with its competition, and swap fees generally lower. You may also qualify for a complimentary VPS if you trade at least 3 lots per month.
We particularly like its R StocksTrader platform, which allows you to invest in over 12,000 "real" stocks, in addition to CFDs across all other asset classes. If you're a buy-and-hold investor with an interest in stocks, this platform is one you should consider.
- Flexible leverage up to 1:3000.
- All trading strategies and EAs are allowed on MT4/5.
- You can also trade on raw spreads, plus commission.
- No fees on deposits or withdrawals.
- No access to an investor compensation fund as this broker is incorporated in the Seychelles.
- Withdrawals can go missing.
- Customer support is underwhelming.
JustMarkets offers trading accounts for traders both new and experienced. Its Standard and Standard Cent accounts, designed with beginners in mind, have a low US$10 minimum deposit. Its Pro and Raw Spread accounts will appeal to day traders and scalpers.
With JustMarkets, you can open a trading account in USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and even ZAR. If possible, open a trading account in your currency to avoid currency conversion fees. Notably, JustMarkets charges no fees on deposits or withdrawals.
Our withdrawals have generally been processed swiftly. However, our first bank withdrawal took several weeks because of an error by its payment provider. During that period, customer support was slow to respond and acknowledge the underlying problem.
What's the best MT5 broker for you?
MetaTrader 5 (MT5) is a versatile platform popular among traders for its advanced capabilities. Choosing the right MT5 broker depends on your experience and investment preferences. In this article, we will compare and contrast what FP Markets, FxPro and others have to offer.
Based on your experience
Beginners: FPMarkets.com is a good choice for beginners looking to get started with MT5. This broker provides a demo account, making it easier for newcomers to practice without risk. With a minimum deposit of US$ 100 and a straightforward account opening process, beginners can start trading without significant hurdles. FP Markets also offers a wide range of educational resources in the form of trading courses, webinars and PDFs to help new traders learn in their own time(1).
Advanced traders: will appreciate the trading conditions available through FxPro.com. Trade on razor-thin spreads plus commission over the MT5 platform through its Raw+ account from a US$ 1,000 deposit. In 2022, only 13% of client orders experienced negative slippage, 12% enjoyed positive slippage and three quarters were filled at the requested price. It's perhaps no surprise that FxPro has won over 100 awards, including 'Best in Class MetaTrader Broker' in 2020(2).
Swing and day traders: both FP Markets and FxPro offer raw spread accounts with low commissions, suitable for frequent traders. Importantly, they also accept all trading styles, with no restrictions on Expert Advisors and other trading robots. Swap-free accounts, also known as Islamic accounts, are available upon request. Both brokers have partnered with Trading Central to provide their clients with daily signals, however, FxPro's implementation goes one step further by embedding these signals within MT5 through a plugin.
Based on your investment preferences
Forex trading: for Forex traders, Pepperstone.com offers over 90 currency pairs with tight spreads on 1:30 leverage. This makes it an attractive option for those looking to trade major, minor, and exotic currency pairs. However, those seeking to trade currencies on 1:500 leverage should consider FP Markets instead.
Cryptocurrency trading: LiteFinance.com offers the widest selection of CFDs on cryptocurrency pairs, with over 60 tokens on 1:50 leverage. These include Bitcoin, Ethereum, Ripple and Doge, as well as Layer 1 and 2 tokens like Avalanche, Solana and Matic. In addition, LiteFinance is the only broker that pays up to 2.5% interest on your trading account's unused funds.
Stock trading: FP Markets offers the widest selection of CFDs on individual equities, with over 1,000 American and international companies available through its MT5 platform. You can also trade CFDs on leading US, European, and Asian stock indices. The ability to speculate on VIX futures, also known as the 'volatility index', will appeal to technical traders.
Commodities trading: for commodity traders, FP Markets offers a range of commodities, including WTI, gold, silver, and agricultural products on 1:500 leverage. It recently expanded the number of quote currencies against which gold and silver are priced, to include the Pound and the Singapore dollar.
FPMarkets.com, with its comprehensive MT5 offering and high leverage, is a compelling choice for traders with varying experience levels and investment preferences. FxPro.com is another MT5 broker with excellent trading conditions and low spreads. If you're unsure where to start, why not open an account with up to 2 brokers reviewed in this guide. This will allow you to test-drive their service and assess their platform in a live trading environment.
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About the author
I'm Stéphane, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.
- 1. FP Markets. Expand Your Knowledge as a Trader. https://www.fpmarkets.com/trading-knowledge/?bta=35364&cxd=35364_417032&/redir=stv/
- 2. FxPro. FxPro Awards. https://www.fxpro.com/awards