Best MT5 Brokers (2024) MetaTrader 5 Brokers List ☑️️️️ (2024)

What is MT5 Forex Broker?
What is MT5 Trading Platform?
Best MT5 Brokers
Why Brokers use MT4 not MT5?
Brokers who use MT5?
MT5 Forex Brokers List

What is MT5 Forex Broker?

MT5 Forex Brokers using and offering MT5 or MetaTrader5 platform for trading use as its trading software via Brokers execution venue. MT5 is now becoming more and more popular due to its highh-grade capabilities, also overcoming by popularity MT4 platform, so many Brokers offering this software as its mainbase.

Is important to note that MT5 is a third-party software for trading itself, while you need a broker still to be able to access and trader markets
See some of our finds about MT5 advantages and disadvantages, while the disadvantages arent many only might be a personal preference for the user:

📈Trading Instruments	Forex, CFDs, Stocks, Futures
💻Programming Language	MQL5
🔎Technical Analysis Tools	38
📊Graphical Objects	44

What is MT5 Trading Platform?

MetaTrader5 or MT5 is a new evolution of the market-leading widely used MT4 platform developed by MetaQuotes that allows multi-asset enhanced trading features to Forex, Commodities and now also features Stocks and Futures too.

Read more about MetaTrader Wikipedia and check official website MetaTrader5.

What are MT5 Platform benefits?

There are many benefits at MT5, as the platform represents all-in-one concept with impressive analytical tools, modern look, allowance to open hundreds of charts and perform analysis with advanced institutional grade features. See Infinox broker which also trades on MT5.

*MT5 Indicators & add-ons or plugins

One of the famous features of the MT5 platform, as we mark too is a great range of indicators and add-ons with various plugins designed to enhance trading capabilities. There is no limitation of indicators as the built-in MetaTrader MQL Market offers the widest place to purchase or rent technical indicators.

*MT5 EA & VPN

MT5 Platform Advantages	MT5 Trading Disadvantages
Reliable and Widely used platform worldwide	Based on personal preference
Good Charting and Clear Design	Some tools might be complicated for beginners
Numerous Indicators and Add-ons	Programs, EAs and APIs for MT4 are not working on MT5
Algorithmic Trading
Automate Trading - EA
VPN included
Backtesting to test strategies
All types of Trading Operations

Top 5 Best MetaTrader (MT5) Brokers

Here is our list of Best MT5 Forex Brokers we select and shortlist as best in category, this list consists only of Regulated Brokers that are highly ranked and recommended to trade with and also provide MT5 as a Trading platform

HFM – Best Overall MT5 Broker 2024
BlackBull Markets – Best Lowest Spread MT5 Broker 2024
FP Markets – Best ECN MT5 Broker 2024
Eightcap – Best for Beginners MT5 Broker 2024
BDSwiss – Best EA Trading MT5 Broker 2024

Why Brokers use MT4 not MT5?

MT5 is a newer version with better look and more clear design, additional and more comprehensive tools compared to MT4. See Exness broker which also trades on MT5.

However, MT4 still remains the most popular and used platform in the industry with largest volumes operated daily, also different EA Robots so many traders prefer to use MT4 still reflecting on broker’s choice of the platform.

Brokers who use MT5?

Brokers who use MT5 platform may offer only MT5 or both MT4 and MT5 platforms, which is solely dependent on broker offering. Check FP markets or FXTM for MT5 platform trading.

Is Trading on MT5 safe?

Trading on MT5 is safe if you use a reliable MT5 broker, it is not dependant on the MT5 since it is only the platform. Safety stands on the broker, so it is best to select broker with top-tier licenses for good adherence of safety and avoid offshore porposal since their regulation is not secure enough.

MT5 Forex Brokers List

This is Our complete list of Trusted Top Forex Trading Brokers we researched offering MT5 platform:

Broker	Detail
HFM	Min. Deposit: 0 US$ Max. Leverage: 1:2000 Trading Platforms: MT4, MT5, HFM Trading App Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA	1 HFM Review
BlackBull Markets	Min. Deposit: 0 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5 Regulation: FMA, FSA	2 BlackBull Markets Review
FP Markets	Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: IRESS, MT4, MT5, cTrader Regulation: ASIC, CySEC, St. Vincent and the Grenadines, FSP, CMA	3 FP Markets Review
Eightcap	Min. Deposit: 100 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5, TradingView Regulation: ASIC, SCB, CySEC, FCA	4 Eightcap Review
BDSwiss	Min. Deposit: 100 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5, BDSwiss Webtrader and App Regulation: FSC, FSA	5 BDSwiss Review
GO Markets	Min. Deposit: 0 US$ Max. Leverage: 1:30, 1:500 Trading Platforms: MT4, MT5, cTrader, WebTrader Regulation: ASIC, CySEC, FSC, FSA	GO Markets Review
HYCM	Min. Deposit: $20 Max. Leverage: 1:30 \| 1:500 Trading Platforms: MT4, MT5, HYCM Trader Regulation: FCA, CySEC, DFSA, CIMA	HYCM Review
Pepperstone	Min. Deposit: 200 US$ Max. Leverage: 1:30 to 1:400 Trading Platforms: MT4, MT5, cTrader, TradingView Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN	Pepperstone Review
JustMarkets	Min. Deposit: $10 Max. Leverage: 1:30 \| 1:3000 Trading Platforms: MT4, MT5 Regulation: FSCA, CySEC, FSA, FSC	JustMarkets Review
Octa	Min. Deposit: $25 Max. Leverage: 1:30 \| 1:500 Trading Platforms: MT4, MT5, Octatrader Regulation: CySEC, SVGFSA, FSCA	Octa Review

Best MT5 Brokers (2024) MetaTrader 5 Brokers List ☑️️️️ (2024)

FAQs

Which broker is best for trading in MT5? ›

With these parameters in mind, let's take a look at the 10 best MT5 brokers recommended for you:

MetaQuotes. MetaQuotes is the developer of the MetaTrader 5 trading platform and offers brokers licensing options for using their software. ...
Admiral Markets. ...
IC Markets. ...
XM. ...
OctaFX. ...
Exness. ...
Tickmill. ...
Axiory.

More items...

Jan 10, 2024

What is the minimum deposit for MT5 broker? ›

There is no minimum deposit required to create a MetaTrader 5 (MT5) account. Can you trade via the MetaTrader 5 (MT5) mobile application? Yes, we offer MetaTrader 5 (MT5) on Android and iOS, as well as on windows desktop, Mac, and web browser. Does MetaTrader 5 (MT5) allow algo trading?

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Can I use MetaTrader 5 in the US? ›

If you want to trade stocks or options on MetaTrader, you'll have to do it outside the United States. Still, plenty of quality brokerage options exist for international traders who wish to use MetaTrader 5.

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Which broker do most traders use? ›

Interactive Brokers continues to be our top pick for advanced day traders, as well. Its speed and efficiency specific to order execution complements its low rates on margin trading and provides advanced traders with a strong option to execute their strategies.

How do I choose a broker for MetaTrader? ›

When selecting a MetaTrader broker, traders should consider the trustworthiness of the broker (where and how it is regulated), the number of tradeable securities offered, pricing, customer service quality, and any available add-ons offered beyond the default MetaTrader experience.

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Can I trade on MT5 without a broker? ›

You can't use MetaTrader for trading without a broker. MT4/MT5 is a trading platforms that provides tools and features for analyzing quotes and making trades. However, you can do that only on a trading account that you opened with a broker and connected to the platform via the menu.

How much money do you need to start trading on MT5? ›

Is there a minimum deposit to trade on MetaTrader 5? Yes, the minimum deposit is $100. We'd always recommend making sure you have more than the minimum available, to afford you more flexibility with your strategy. Start trading on MT5 by opening an account, or practice first using virtual funds with an MT5 demo.

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Which country is MT5 from? ›

Metatrader today, has two versions: MT4 and MT5, which were created by MetaQuotes Software Corporation in 2005 (Metatrader 4) and 2010 (Metatrader 5). This company is of Russian origin and is a leader in the financial software market.

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Which broker has Nasdaq on MT5? ›

XM Broker NASDAQ 100 Trading Conditions

Available Platforms: MT4/MT5 for Mobile, Web, and Desktop.

Is Libertex a good broker? ›

Libertex is authorized and regulated by CySEC in Cyprus, which is a top-tier regulator. I probed its legal documents and found them quite transparent. The broker charges very low spreads, swaps, and commissions. I found its fees suitable for executing both high-frequency and high-volume trading strategies.

What is the minimum deposit for MetaTrader 5? ›

What is the minimum deposit for MetaTrader 5? To begin trading on any of easyMarkets trading platforms, you must make a minimum deposit of $25.

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Can I trade on MT5 without broker? ›

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Is MT5 good for stock trading? ›

Yes, MetaTrader 5 (MT5) supports trading in Forex, index CFDs, stocks, commodities, and cryptocurrencies. MT5 provides a more versatile trading platform compared to MT4, with advanced financial trading functions. MT5 allows you to trade more financial instruments than MT4.

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Which is better MT5 or TradingView? ›

In comparing technical analysis on MT4, MT5, TickTrader, and TradingView, TradingView stands out with the most comprehensive selection of tools. However, this vast selection might overwhelm new FXOpen traders, potentially presenting a steeper learning curve than other platforms.

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Which is the best trading platform between MT4 and MT5? ›

MT5 offers improved performance compared to MT4, thanks to its multi-threaded strategy tester and optimised code execution. It can handle larger volumes of data and support more sophisticated trading algorithms, making it suitable for advanced traders and institutional investors.

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