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 Markets Best FX Broker Australia 2021
2. AvaTrade Best Mobile Trading Platform 2021
3. FxPro Best MetaTrader Broker, 2020
4. LiteFinance Best Forex Broker Africa, 2011
5. HotForex Best CFD Trading Conditions, 2021

Broker reviews

#1

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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

• Accounts

Standard ECN Account [MT5]  ▷ Standard ECN Account [MT5]: Trade over 60 pairs of currencies as well as CFDs on metals, indices and commodities through MT5 with this ECN account. Get ultra-fast execution speeds under 40 milliseconds.
$100 deposit	1:500 leverage	Market execution	▷

ECN RAW Account [MT5]  ▷ ECN RAW Account [MT5]: Trade over 60 pairs of currencies as well as CFDs on metals, indices and commodities through MT5 with this ECN account. Get ultra-fast execution speeds under 40 milliseconds.
$100 deposit	1:500 leverage	Market execution	▷

#2

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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

• Accounts

AvaTrade Account [BVI]  ▷ AvaTrade Account [BVI]: Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and commodities. This account, registered in the British Virgin Islands, has significantly higher leverage.
$100 deposit	1:400 leverage	Instant execution	▷

AvaTrade Account [EU]  ▷ AvaTrade Account [EU]: Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and commodities.
$100 deposit	1:30 leverage	Instant execution	▷

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Islamic Account [BVI]  ▷ Islamic Account [BVI]: Trade a wide range of financial instruments with a Shariah compliant account. AvaTrade does not charge rollover fees or swaps on overnight positions. You cannot invest in crypto-currencies through this account. This...more ▷ Islamic Account [BVI]: Trade a wide range of financial instruments with a Shariah compliant account. AvaTrade does not charge rollover fees or swaps on overnight positions. You cannot invest in crypto-currencies through this account. This account, registered in the British Virgin Islands, has significantly higher leverage.
$100 deposit	1:400 leverage	Instant execution	▷

Islamic Account [EU]  ▷ Islamic Account [EU]: Trade a wide range of financial instruments with a Shariah compliant account. AvaTrade does not charge rollover fees or swaps on overnight positions. You cannot invest in crypto-currencies through this account.
$100 deposit	1:30 leverage	Instant execution	▷

Professional Account [EU]  ▷ Professional Account [EU]: Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and commodities. Access high leverage up to 1:400 with this account for professional traders.
$100 deposit	1:400 leverage	Instant execution	▷

#3

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FxPro (FxPro.com) is a global broker, winner of 60+ awards including "Best MetaTrader Broker" in 2020 and "Best FX Provider" three times in a row. Trade 250+ instruments across a wide range of asset classes on MT4/5 or cTrader. FxPro accepts all Expert Advisors and even provides an EA back-testing service.

• Risk warning: 79.78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Spread Betting 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)
  * Availability subject to regulation.
• Platforms: MetaTrader 4, MetaTrader 5, cTrader, Copy trading
• Regulators: Bahamas, CySEC, South Africa, UK
• Incorporated: 2006

• Accounts

MT5 Floating - Market Execution  ▷ MT5 Floating - Market Execution: Trade 70+ currency pairs, indices, energies and metals on floating spreads with market execution. All EAs are allowed.
$500 deposit	1:200 leverage	Market execution	▷

#4

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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

• Accounts

Classic Account  ▷ Classic Account: Trade Forex on floating spreads from 2 pips on MT4 or MT5. Get started from a low $50 deposit. Market execution with no requotes.
$50 deposit	1:500 leverage	Market execution	▷

ECN Account  ▷ ECN Account: Trade Forex on floating spreads from 0 pips plus commission on MT4 or MT5. Get started from a low $50 deposit. Get market execution with no requotes. LiteForex pays 2.5% interest per annum on the balance of your account.
$50 deposit	1:500 leverage	Market execution	▷

#5

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HotForex (HotForex.com) is an award-winning Forex and CFD broker, with accounts tailored to new and experienced traders. Trade a wide range of markets including Forex, stocks, indices and commodities through MetaTrader 4 or 5.

• Markets: Forex (CFD), Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD), Bonds (CFD)
  * Availability subject to regulation.
• Platforms: MetaTrader 4, MetaTrader 5, Currenex, Copy trading, Mirror trading
• Regulators: CySEC, France, Germany, Mauritius, South Africa, UK
• Incorporated: 2010

• Accounts

Micro Account  ▷ Micro Account: Trade Forex as well as CFDs on shares, indices and metals on floating spreads without commission. This account, designed for new traders, has smaller trading sizes and a lower initial deposit.
$5 deposit	1:1000 leverage	Market execution	▷

#6

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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

• Accounts

MT5 Account  ▷ MT5 Account: Trade Forex, crypto-currencies, indices, precious metals and energies on tight floating spreads. This account, designed for experienced traders, supports MetaTrader 5.
$100 deposit	1:500 leverage	Market execution	▷

#7

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FXPRIMUS prides itself in creating a safe and secure trading environment. Trade CFDs on Forex, crypto-currencies, indices, metals and energies, on MetaTrader 4 or 5.

• Risk warning: 68.18% 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. Please be advised that certain products may not be available for traders from EEA countries due to legal restrictions.
• 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, Vanuatu
• Incorporated: 2009

• Accounts

PrimusCLASSIC [EU]  ▷ PrimusCLASSIC [EU]: Trade over 130 instruments across Forex, metals, energies, stocks and global stock indices on low floating spreads without commission. This account is swap-free.
$15 deposit	1:30 leverage	Market execution	▷

PrimusPRO [EU]  ▷ PrimusPRO [EU]: Trade over 130 instruments across Forex, metals, energies, stocks and global stock indices from 0.3 pips plus $10 commission. This account has no swap charges.
$500 deposit	1:30 leverage	Market execution	▷

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PrimusCLASSIC [Vanuatu]  ▷ PrimusCLASSIC [Vanuatu]: Trade over 130 instruments across Forex, metals, energies, global indices and US equities on low floating spreads without commission. This account has no swap charges.
$15 deposit	1:1000 leverage	Market execution	▷

PrimusPRO [Vanuatu]  ▷ PrimusPRO [Vanuatu]: Trade over 130 instruments across Forex, metals, energies, global indices and US equities from 0.5 pips plus $10 commission. This account has no swap charges.
$500 deposit	1:500 leverage	Market execution	▷

#8

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HYCM (HYCM.com), formerly HY Markets, is an award-winning regulated online broker. Trade over 300 instruments on fixed or variable spreads over MetaTrader 4 or 5.

• Risk warning: 85% 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)
  * Availability subject to regulation.
• Platforms: MetaTrader 4, MetaTrader 5
• Regulators: Cayman Islands, CySEC, UAE, UK
• Incorporated: 1977

• Accounts

Fixed Account  ▷ Fixed Account: Trade CFDs on fixed spreads from 1.8 pips on MetaTrader 4 or 5. No support for Expert Advisors. This account is available in Islamic format upon request.
$100 deposit	1:500 leverage	Instant execution	▷

Classic Account  ▷ Classic Account: Trade CFDs on variable spreads from 1.2 pips on MetaTrader 4 or 5. This account supports all Expert Advisors, except scalpers. Available in Islamic format upon request.
$100 deposit	1:500 leverage	Instant execution	▷

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Raw Account  ▷ Raw Account: Trade CFDs on raw spreads from 0.2 pips plus a $4 commission per round, on MetaTrader 4 or 5. This account supports all Expert Advisors, except scalpers. Available in Islamic format upon request.
$200 deposit	1:500 leverage	Instant execution	▷

#9

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• 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

• Accounts

Standard Account  ▷ Standard Account: Trade on 74 currency pairs, 24 CFDs and 295 stocks with a maximum leverage of 1:500 and minimum floating spread of 0.8pips. All Expert Advisors and trading styles are allowed.
$10 (MT4) and $ 500 (MT5) deposit	1:500 leverage	Market execution	▷

Pro Account  ▷ Pro Account: Trade 74 currency pairs, 24 CFDs and 295 stocks with a maximum leverage of 1:500 on MetaTrader 4 or 5, from 0.2 pips plus commission. All Expert Advisors and trading styles are allowed.
$100 (MT4) and $ 500 (MT5) deposit	1:500 leverage	Market execution	▷

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VIP Account  ▷ VIP Account: Trade on 74 currency pairs, 24 CFDs and 295 stocks with a maximum leverage of 1:200 on MetaTrader 4 or 5, from 0.6 pips. All Expert Advisors and trading styles are allowed.
$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

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