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 Pakistan, and highlighted those that allow all trading styles and Expert Advisors.

This blog is reader-supported. Please open a trading account through our links to tip us. Affiliate commissions keep our reviews impartial and ad-free.

Best brokers

1. Equiti Best Overall Broker 2023 - TrustedBrokers.com
2. FxPro Best MetaTrader Broker 2020
3. AvaTrade Best Mobile Trading Platform 2021
4. LiteFinance Best ECN Broker Africa 2020
5. HF Markets Best CFD Trading Conditions, 2021

Broker reviews

#1

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Equiti.com is TrustedBrokers' Best Overall Broker in 2023. Trade CFDs on 400+ instruments on leverage up to 1:500. Get superior execution through its network of 35+ liquidity providers. Equiti accepts all trading styles, without restrictions.

• 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: Armenia, Jordan, Kenya, Seychelles, UAE, UK

• Accounts

Standard Account  ▷ Standard Account: Trade CFDs on Forex, crypto-currencies, stocks, indices, ETFs and commodities on low spreads, with leverage up to 1:500. Equiti supports MT4 and MT5 and allows all trading styles. Get ECN execution with Tier 1 liquidity.
$500 deposit	1:500 leverage	Market execution	▷

Advanced Account  ▷ Advanced Account: Trade CFDs on Forex, crypto-currencies, stocks, indices, ETFs and commodities from 0.0 pips plus commission, with leverage up to 1:500. This account is designed for experienced traders.
$10000 deposit	1:500 leverage	Market execution	▷

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Elite Account  ▷ Elite Account: Trade CFDs on Forex, crypto-currencies, stocks, indices, ETFs and commodities on 0.0 pips and razor-thin commission, with leverage up to 1:500. You'll also get VIP support from a Personal Account Manager. This account...more ▷ Elite Account: Trade CFDs on Forex, crypto-currencies, stocks, indices, ETFs and commodities on 0.0 pips and razor-thin commission, with leverage up to 1:500. You'll also get VIP support from a Personal Account Manager. This account is designed for high-net-worth individuals, and those who trade large volumes.
$50000 deposit	1:500 leverage	Market execution	▷

#2

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FxPro (FxPro.com) is a global broker, winner of 95+ awards including "Best MetaTrader Broker" in 2020. Trade 250+ instruments across a wide range of asset classes on MT4/5 or cTrader. FxPro accepts all trading styles without restrictions.

• Risk warning: 84.69% 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, Cyprus (EU), South Africa, UK

• 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	▷

#3

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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: 77.82% 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, Cyprus (EU), Gibraltar, Israel, Japan, South Africa, UAE

• 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	▷

#4

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LiteFinance (LiteFinance.com), formerly LiteForex, is a global ECN broker. Trade CFDs on a wide range of markets on Metatrader 4 or 5, with flexible leverage up to 1:1,000. 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: Cyprus (EU), Saint Vincent and the Grenadines

• 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	1:1000 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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HFM (HFM.com), formerly known as Hot Forex, 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: Cyprus (EU), Mauritius, Saint Vincent and the Grenadines, Seychelles, South Africa, UAE

• Accounts

Micro Account [MT4, MT5]  ▷ Micro Account [MT4, MT5]: 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	▷

Premium Account [MT4, MT5]  ▷ Premium Account [MT4, MT5]: Trade Forex as well as CFDs on shares, indices and metals on floating spreads without commission. This account, designed for experienced traders, allows you to trade up to 60 lots per position.
$100 deposit	1:500 leverage	Market execution	▷

#6

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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, Cyprus (EU), Saint Vincent and the Grenadines, UAE, UK

• 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	▷

#7

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JustMarkets (formerly JustForex) is an offshore broker that allows you to trade over 170 instruments on low spreads, and high leverage up to 3,000 times your initial deposits. It accepts all trading styles on MetaTrader 4 and 5.

• Risk warning: Margin trading in the financial markets is speculative and implies a high level of risk, including full loss of deposit.
• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
  * Availability subject to regulation.
• Platforms: MetaTrader 4, MetaTrader 5, Copy trading
• Regulators: Cyprus (EU), Seychelles

• Accounts

Standard Account  ▷ Standard Account: Trade CFDs from 1 pip with flexible leverage up to 1:3000. Choose between MetaTrader 4 and 5. All EAs and trading strategies are allowed.
$1 deposit	1:3000 leverage	Market execution	▷

Pro Account  ▷ Pro Account: Trade CFDs from 0.6 pips with flexible leverage up to 1:3000. Choose between MetaTrader 4 and 5. All EAs and trading strategies are allowed.
$100 deposit	1:3000 leverage	Market execution	▷

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Raw Spread Account  ▷ Raw Spread Account: Trade CFDs from 0 pips and $3 commission per lot/side. Flexible leverage up to 1:3000. Choose between MetaTrader 4 and 5. All EAs and trading strategies are allowed.
$100 deposit	1:3000 leverage	Market execution	▷

#8

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4xc.com is an offshore broker founded by Forex industry veterans. Trade Forex, metals, oil and stocks with leverage up to 1:500. 4XC accepts all trading styles and Expert Advisors on MT4 and 5.

• Risk warning: Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of your deposits. You should carefully consider your financial situation and experience level before trading.
• 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

• Accounts

Standard Account  ▷ Standard Account: Trade 74 currency pairs and CFDs on stocks, oil, metals and crypto with leverage up to 1:500. 4XC allows all trading styles and all Expert Advisors on MetaTrader 4 and 5.
$10 (MT4), $ 100 (MT5) deposit	1:500 leverage	Market execution	▷

#9

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RoboForex is an international broker headquartered and regulated in Belize. Access over 12,000 instruments, including real stocks and CFDs on Forex, crypto-currencies and oil, from a single platform.

• Risk warning: 58.42% 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, cTrader, Copy trading
• Regulators: Belize

• Accounts

Pro Account  ▷ Pro Account: Access CFDs on 36 currency pairs, cryptocurrencies, metals, US stocks, indices and oil. Trade on floating spreads from 1.4 pips and flexible leverage up to 1:2000, on MT4/5 or cTrader.
$10 deposit	1:2000 leverage	Market execution	▷

ECN Account  ▷ ECN Account: Access CFDs on 36 currency pairs, cryptocurrencies, metals, US stocks, indices and oil. Trade on raw spreads pips and flexible leverage up to 1:500, on MT4/5 or cTrader, in an ECN environment.
$10 deposit	1:500 leverage	Market execution	▷

#10

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Pepperstone (Pepperstone.com) is an award-winning broker regulated in 7 jurisdictions. Trade over 1,200 instruments on MetaTrader 4, 5, TradingView or cTrader. Pepperstone allows all trading styles, with no restrictions, and rewards large traders with volume-based discounts.

• Risk warning: Between 74% and 89% 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, cTrader
• Regulators: Australia, Bahamas, Cyprus (EU), Germany, Kenya, UAE, UK

• Accounts

Standard Account [MT4, MT5 or cTrader]  ▷ Standard Account [MT4, MT5 or cTrader]: Trade Forex and as well as CFDs on crypto, stocks, indices, ETFs, commodities, energy and metals on low spreads, with no commission. Choose between MT4, MT5, cTrader or TradingView. All trading strategies are allowed.
$200 deposit	1:30 leverage	Market execution	▷

We’ve highlighted a number of criteria to keep in mind when comparing MT5 brokers, regardless of your experience or trading preferences.

Differences between MetaTrader 4 and MetaTrader 5

MetaTrader 5 is an updated version of the MetaTrader trading platform, released in 2011. But surprisingly, it remains less popular to this day than MetaTrader 4, even though it's significantly more powerful than its predecessor:

• With MT4, you can trade Contracts for Difference (CFDs) on Forex, stocks, indices, commodities and cryptocurrencies. MT5 goes further by allowing you to trade futures and even options. Please note that the range of markets will ultimately on your broker.
• MT5 can handle an unlimited number of instruments, whereas MT4 is limited to 1,024 instruments. This is relatively little to the extent that thousands of shares are available to trade on the world's stock exchanges.
• MT5 incorporates fundamental data sourced from leading sites like Yahoo Finance, Google Finance and Finviz. This could be particularly useful if you're into fundamental analysis.
• MT5 shows real trading volumes (in lots) directly within the platform. Some traders use depth of market information to try to predict short term changes in prices. That information simply isn't available in MT4.
• MT5 includes historical prices for a wide range of instruments, which makes it easy to backtest and optimise trading strategies directly within the platform. In addition, MT5's Strategy Tester module is significantly faster and more advanced than MT4's.

Expert Advisors

Expert Advisors, also known as EAs, are trading robots that run inside MetaTrader. They can perform technical analysis on the fly, open and close trades automatically when certain criteria are met, and even copy other traders. EAs are popular because they require no human intervention and can take emotion out of trading. Some MT5 brokers place restrictions on EAs, but others like FPMarkets.com and FxPro.com support all trading styles and allow all Expert Advisors.

Trading Signals

Some MT5 brokers go further and customise their MT5 platform with technical indicators and trading signals. This is the case with FxPro, which integrates Trading Central signals directly into its platform. Trading Central uses algorithms to identify the best trading opportunities in over 8,000 markets, and brings you new ideas every day. Open a free account with FxPro to get instant access to Trading Central.

Education

Education is one of the keys to success, whether you are an experienced trader, or perhaps just starting out. If you are keen to improve your skills, look for a broker that offers a wide range of educational resources. Some brokers, like FPMarkets.com, offer free online trading courses, regular webinars as well as podcasts. Others, like HYCM.com, conduct live trading sessions on a weekly basis, which you can attend for free, even with a demo account.

Fees

Last but not least, be mindful about spreads and commissions, as they will have an immediate impact on your bottom line. Most brokers earn money through the spread, which is the difference between the price at which you can buy and sell an instrument. Some charge fixed spreads, others charge variable spreads that fluctuate with market conditions. Most brokers provide information about their trading fees on their website, prior to registration.

If you’re short on time, why not open a free account with 2 to 3 brokers featured on this page. This will allow you to test-drive their service and assess their fees and MT5 platform in a live trading environment.