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
- FP Markets
Best FX Broker Australia 2021
- AvaTrade
Best Mobile Trading Platform 2021
- FxPro
Best MetaTrader Broker, 2020
- LiteFinance
Best Forex Broker Africa, 2011
- HotForex
Best CFD Trading Conditions, 2021
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 | 1:500 | Market |
$100 | 1:500 | Market |
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 | 1:400 | Instant |
$100 | 1:30 | Instant |
$100 | 1:400 | Instant |
$100 | 1:30 | Instant |
$100 | 1:400 | Instant |
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
$500 | 1:200 | Market |
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 | 1:500 | Market |
$50 | 1:500 | Market |
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
$5 | 1:1000 | Market |
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 | 1:500 | Market |
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
$15 | 1:30 | Market |
$500 | 1:30 | Market |
$15 | 1:1000 | Market |
$500 | 1:500 | Market |
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
$100 | 1:500 | Instant |
$100 | 1:500 | Instant |
$200 | 1:500 | Instant |
- 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) | 1:500 | Market |
$100 (MT4) and $ 500 (MT5) | 1:500 | Market |
$25000 | 1:200 | Market |
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
Best Execution
MT4 Floating - Instant Execution
Trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and instant ... More
- $500 deposit
- 1:200 leverage ?
- 1.71 pips EUR/USD
Best Conditions
AvaTrade Account [BVI]
Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and... More
- $100 deposit
- 1:400 leverage ?
- 0.9 pips EUR/USD
Best Platform
Premium Account
Trade Forex as well as CFDs on shares, indices and metals on floating spreads without commission. ... More
- $100 deposit
- 1:500 leverage ?
- 1.2 pips EUR/USD
Pro Account
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