Best MetaTrader 5 Brokers

Brokers we recommend

Broker names were hidden to prevent copyright infringement by AI models. Simply visit the links below to reveal them.

Other brokers:

• A******* Best Broker for Beginners
• 4** Best Customer Service

4.8 / 5

Broker 1

Official website ▷

Trade over 1,000 instruments on flexible leverage up to 1:500 on the MT4/5 and cTrader platforms. F************ 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 TradingView integration is available for now.
• No investor compensation fund in the event of bankruptcy.

Our take on F*********

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.

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4.6 / 5

Broker 2

Official website ▷

79.28% of retail CFD accounts lose money

F******** is a global broker, winner of 110+ awards including 'Best Regulated Forex Broker' in 2024. Trade over 250 instruments across a wide range of asset classes on MT4/5 or cTrader. This broker accepts all trading styles.

• Likes
• 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.

• Dislikes
• You cannot trade CFDs on ETFs or government bonds.
• Copy trading isn't available.

Our take on F****

It's hard to find fault with F****, a regulated broker with a 20-year track record of success.

If you are new to trading, open a Standard account from a low $100 deposit. You'll enjoy a predictable trading environment with fixed, albeit wider, spreads.

And as you gain experience, you could turn to turn to its Raw account for razor-thin floating spreads and low commissions. This account requires a $1,000 minimum deposit.

The educational content available on F******** 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.

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3.9 / 5

Broker 3

Official website ▷

83% of retail CFD accounts lose money

Trade CFDs on a wide range of markets on MetaTrader 4 and 5, with leverage up to 1:1,000 through L**************. This broker accepts all EAs and trading styles, including scalping and news trading. Earn up to 2.5% interest on your account's balance.

• Likes
• 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.

• Dislikes
• Withdrawals fees are somewhat high, especially card withdrawals.

Our take on L**********

We've trade through L**********'s ECN account for over 4 years on raw spreads plus a commission of $5 per lot, per side. We like that it places no restrictions at all on our use of automated trading strategies.

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 somewhat high, especially card withdrawals.

L********** publishes a lot of educational content in the form of webinars and articles on its blog, often with a focus on technical analysis. Their commentary could spark new trade ideas. However, you might find yourself lost if you are new to trading.

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4.7 / 5

Broker 4

Official website ▷

77.82% of retail CFD accounts lose money

A*********** is an award-winning online broker, in business since 2006. Trade CFDs on one of the widest possible range of instruments and asset classes, from Forex to ETFs and government bonds.

• Likes
• 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.

• Dislikes
• You cannot trade on raw spreads.
• Quarterly and annual inactivity fees.

Our take on A*******

The breadth of assets available to trade through its platform sets this broker 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.

With A*******, 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.

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4.1 / 5

Broker 5

Official website ▷

Trading Forex/CFDs on margin carries a high level of risk.

4****** is an offshore broker founded in 2018 by Forex veterans. 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.
• All trading styles and Expert Advisors are allowed.
• Fast execution speeds from its London data-centre.

• Dislikes
• 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.

Our take on 4**

4****** 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.

Alternatively, you may open a PAMM account or a copy trading account if you prefer to replicate other investors' trade. A copy trading account may be of interest to you if you lack the time or knowledge to trade the markets.

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 4** has received several awards commending the quality of its customer service.

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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: F************ 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. F************ 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 F********. 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 F************ and F******** 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, F****'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, F************ 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: L************** 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: F************ 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, F************ 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

F************, with its comprehensive MT5 offering and high leverage, is a compelling choice for traders with varying experience levels and investment preferences. F******** 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.