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 Israel, and highlighted those that allow all trading styles and Expert Advisors.
Brokers we recommend
Trade over 1,000 instruments on flexible leverage up to 1:500 on the MT4/5 and cTrader platforms. FPMarkets.com is a true ECN broker and accepts all trading styles without restrictions.
AvaTrade.com is an award-winning online broker in business since 2006. Trade CFDs on all asset classes, from Forex to ETFs and bonds. Its service appeals to novice and experienced traders alike.
4xc.com is an offshore broker founded in 2018 by traders. Trade Forex, metals, oil and stocks with leverage up to 1:500. It accepts all trading styles and Expert Advisors on MT4/5.
Other brokers:
- RoboForex Best Offshore Broker
Comparison table
We rate brokers across 5 categories and 18 criteria, following a standardised methodology. Here are our overall and category-specific ratings:
| Overall | Markets | Trading environment | Deposits and withdrawals | Investor protection | Customer service | |
|---|---|---|---|---|---|---|
| FP Markets | 4.8 | 5.0 | 4.9 | 5.0 | 4.0 | 5.0 |
| AvaTrade | 4.7 | 5.0 | 4.2 | 4.7 | 4.8 | 5.0 |
| 4XC | 4.1 | 3.8 | 4.4 | 4.5 | 3.0 | 4.7 |
| RoboForex | 4.1 | 5.0 | 4.5 | 3.9 | 3.2 | 3.8 |
| Forex (CFD) | Cryptos (CFD)* | Stocks (CFD) | Indices (CFD) | ETFs (CFD) | Metals (CFD) | Energy (CFD) | Commodities (CFD) | Bonds (CFD) | |
|---|---|---|---|---|---|---|---|---|---|
| FP Markets | 72 | 12 | 1000 | 16 | 46 | 17 | 4 | 5 | 2 |
| AvaTrade | 53 | 26 | 643 | 35 | 67 | 7 | 5 | 7 | 2 |
| 4XC | 49 | 5 | 11 | 2 | 2 | ||||
| RoboForex | 40 | 33 | 8400 | 10 | 1000 | 20 | 4 | 100 |
| MT4 | MT5 | Copy trading | TradingView | cTrader | |
|---|---|---|---|---|---|
| FP Markets | |||||
| AvaTrade | |||||
| 4XC | |||||
| RoboForex |
| Bank transfer | Credit card | Debit card | NETELLER * | Skrill * | Broker to broker transfer | BTC (Bitcoin) | USDT (Tether) | |
|---|---|---|---|---|---|---|---|---|
| FP Markets | ||||||||
| AvaTrade | ||||||||
| 4XC | ||||||||
| RoboForex |
| Australia | Belize | Cook Islands | Cyprus (EU) | Ireland | South Africa | St. Vincent & the Grenadines | UAE | |
|---|---|---|---|---|---|---|---|---|
| FP Markets | ||||||||
| AvaTrade | ||||||||
| 4XC | ||||||||
| RoboForex |
* 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.
Trade over 1,000 instruments on flexible leverage up to 1:500 on the MT4/5 and cTrader platforms. FPMarkets.com is a true ECN broker and accepts all trading styles without restrictions.
- Likes
- Flexible leverage up to 1:500.
- Trade over 1,000 financial instruments.
- Trade on MT4/5, cTrader or TradingView without restrictions.
- Copy trading service is available.
- Customer support is available 24/7.
- Dislikes
- No investor compensation fund in the event of bankruptcy.
Enjoy low spreads and reliable trading conditions at all times with this award-winning broker. Open a Standard account to trade without commission, or a Raw account if you prefer to trade on raw spreads.
Access over 1,000 markets through MT4, MT5, cTrader and more recently TradingView. You'll find over 70 currency pairs, as well as gold and silver priced in US dollars, euros, Aussie dollars and other currencies. 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. Get access to trading signals from Trading Signal and Autochartist as soon as you fund your account. You'll also get access to free trading courses for beginners and experienced traders, weekly webinars and e-books.
Read reviewAvaTrade.com is an award-winning online broker in business since 2006. Trade CFDs on all asset classes, from Forex to ETFs and bonds. Its service appeals to novice and experienced traders alike.
- Likes
- CFDs on 845 instruments, as well as futures and options.
- Wide selection of trading platforms, including copy trading.
- One-on-one assistance when you deposit US$1,000 or more.
- Daily trading signals from Trading Central.
- No fees on deposits or withdrawals.
- Dislikes
- Quarterly and annual inactivity fees are $50 and $100 respectively.
- Its 'one size fits all' trading account may not appeal to professional traders.
The breadth of assets available to trade through its platform sets this broker apart from the competition. You'll find 845 instruments, including currencies, stocks, indices, ETFs (and leveraged ETFs), precious metals, commodities, cryptocurrencies, and government bonds.
With AvaTrade, the MT4 and MT5 platforms are available for Windows and iOS devices. Its web trading platform is sleek, with advanced charting tools. Spreads are competitive and fixed, which can provide a more predictable trading environment, well-suited for beginners.
Customer service is excellent. 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. Support is available five days a week through various channels, including WhatsApp.
Read review4xc.com is an offshore broker founded in 2018 by traders. Trade Forex, metals, oil and stocks with leverage up to 1:500. It accepts all trading styles and Expert Advisors on MT4/5.
- Likes
- Enjoy flexible leverage up to 1:500.
- Choose between MetaTrader 4 and 5, or copy trading.
- All trading styles and Expert Advisors are allowed.
- Fast execution speeds from its London data-centre.
- Dislikes
- Fewer CFDs than other brokers.
- Negative balance protection is only available across Forex and precious metals.
- This broker is regulated in the Cook Islands, a country without an investor compensation fund.
4xc.com will appeal to you if you enjoy trading Forex, gold or silver on high leverage, up to 1:500. It accepts all trading styles on MT4 and MT5 without restrictions. And unlike some brokers, who'll adjust leverage dynamically, this broker keeps leverage constant at all times.
If you're looking for trade ideas, 4XC will provide daily AI-powered trade ideas once you account's balance reaches $500. Alternatively, why not open a PAMM account or a copy trading account through 4XC if you prefer to follow others.
Customer support is available 6 days a week, and has always been professional in our interactions with them. So it's perhaps no surprise that 4XC has received several awards commending the quality of its customer service.
Read review
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.
- Likes
- Access 12,000 instruments, including real stocks.
- Start trading in minutes without ID verification.
- Enjoy negative balance protection.
- Dislikes
- RoboForex is only regulated in Belize.
- Withdrawal fees across most funding methods.
RoboForex.com 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 account verification is delayed 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.
Read reviewWhat'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. Get started with a demo account if you prefer to practice without risk. Or open an account from a low US$ 100 deposit. This broker will even cover international bank charges if you deposit $10,000 or more. FPMarkets.com also offers a wide range of educational resources in the form of trading courses, webinars and PDFs to help you learn in your own time(1).
Advanced traders: will appreciate the trading conditions available through FxPro.com. Trade on razor-thin spreads plus commission over the MT5 platform through its Raw+ account from a US$ 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 this broker has won over 100 awards, including 'Best in Class MetaTrader Broker' in 2020(2).
Swing and day traders: both FPMarkets.com and FxPro.com 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 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, FPMarkets.com offers a broad selection of over 70 currency pairs on 1:500 leverage. This makes it an attractive option for those looking to trade major, minor, and exotic currency pairs. And unlike some brokers who'll adjust leverage dynamically, you'll enjoy consistently high leverage at all times.
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. It's also the only broker that pays up to 2.5% interest on your trading account's unused funds.
Stock trading: FPMarkets.com 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. Technical traders will appreciate the ability to speculate on VIX futures.
Commodities trading: for commodity traders, FPMarkets.com also offers a wide range of commodities, including WTI, gold, silver, and agricultural products on 1:500 leverage. In addition, it recently expanded the number of quote currencies against which gold and silver are priced, to include the British Pound and the Singapore dollar.
Conclusion
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 Stefan, 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