We found 11 online brokers that are appropriate for Trading MetaTrader 5.
MetaTrader 5 is a multi-functional electronic trading platform. It is the successor of MetaTrader 4 and was officially launched in 2010. It is institutional and multi-asset and enables commodities and stock trading while MetaTrader 4 is limited to just Forex trading.
MetaTrader 5 is made available across devices including mobile and tablet apart from a web version. Besides facilitating trading, it offers some valuable additional services like a freelance database of trading strategy developers, built-in trading robots, virtual hosting service and copy trading. It comes free and is offered by brokers. It is also equipped with 31 languages.
Even though MetaTrader 5 is the successor of MetaTrader 4 and approximately a decade has passed since its launch, MetaTrader 4 is still more popular than MetaTrader 5. Let us have a look to some of the significant pros and cons of MetaTrader 5.
MetaTrader 5 is perfect for experienced and advanced traders as it is a multi-functional and multi-asset platform. It facilitates working with several accounts simultaneously with different brokers. It provides price data. It allows using of physical gold and other non-tradable assets to provide margin to traders for the opening of positions.
MetaTrader 5 is like a blessing to day traders as they require a fast, reliable, powerful and robust platform.
MetaTrader 5 comes with superior tools such as algorithm trading and comprehensive price analysis. Its robot or Expert Advisors (EAs) plays important role in automation trading.
The language used in the platform is MQL5 to enable a plethora of additional functions like copying deals, analyzing news, creating as well as sending reports and tracking financial symbols 24/7.
The platform helps in automating a successful trading strategy and traders can choose one of the several available EAs. The EAs may come free to download or can be rented. It is determined by the reputation of the program and its usefulness.
The copy trading feature of MetaTrader 5 is excellent at facilitating the reproduction of trades automatically. Traders can just subscribe to some of the successful trader signals.
The platform is good at customer support and offers a help page on several common issues like price charts, algorithmic trading, trading signal, trading robot, copy trading, mobile trading and virtual hosting.
The MetaTrader 5 platform has representative offices in a couple of countries including Bulgaria, Cyprus, Japan, Thailand, Singapore, Pakistan, UAE, Turkey, China and Australia.
The platform runs smoothly on Windows 2008, 7, 8 and 11. The minimal processor required is SSE2, Platinum 4/Athlon 64. It also runs on MacOS but with the help of Wine software. It supports Android and is an open source software.
MetaTrader 5 is free to download for brokerage clients and can be either done from the website of your MT5 broker or from the MetaQuotes website. Initially, it is suggested to begin with a demo account to gain experience and learn how the MT5 software functions.
Brokers offer the MT5 platform with three difference license options - entry license, standard license and enterprise license.
The software is easily downloadable and is quick to downloaded across systems. It is straightforward and comes with an easy user-interface. Opening a demo account is simple.
Upgraded from MetaTrader 4, the MetaTrader 5 is one of the most popular electronic trading version platforms. It is not limited to Forex trading unlike its predecessor but is a multi-functional platform. It enables the trading of stocks and commodities. We have covered many aspects of the platform in this post, including the pros and cons.
However, it is a debated topic whether MetaTrader 5 is better or MetaTrader 4. The question is valid as even after about ten years of the launching of MetaTrader 5, the predecessor is still more popular. But practically traders need to decide which fits best.
It is multi-functional and hence a plethora of opportunities can be explored if there is an interest in relearning the platform. It is different from MetaTrader 4 as its programming has been done with a different language. It is also not restricted to just Forex trading.
We've collected thousands of datapoints and written a guide to help you find the best MetaTrader 5 for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best MetaTrader 5 below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online MetaTrader 5 trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top MetaTrader 5.
Compare MetaTrader 5 min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are MetaTrader 5. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more MetaTrader 5 that accept MetaTrader 5 clients
Broker |
IC Markets
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AvaTrade
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Roboforex
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Pepperstone
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XM
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Forex.com
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NordFX
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Markets.com
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Swissquote
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Admiral
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FXPro
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13 | Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 250 | 1 | 200 | 5 | 100 | 1 | 250 | 1000 | 200 | 100 |
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Used By | 180,000+ | 200,000+ | 10,000+ | 10,000+ | 70,000+ | 150,000+ | 10,000+ | 10,000+ | 300,000+ | 10,000+ | 10,000+ |
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Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Learn More |
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Up with icmarkets |
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Up with avatrade |
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Up with roboforex |
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Up with pepperstone |
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Up with xm |
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Up with forexcom |
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Up with nordfx |
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Up with marketscom |
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Up with swissquote |
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Up with admiralmarkets |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 | Your capital is at risk | 74% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk |
Demo |
IC Markets Demo |
AvaTrade Demo |
Roboforex Demo |
Pepperstone Demo |
XM Demo |
Forex.com Demo |
NordFX Demo |
Markets.com Demo |
Swissquote Demo |
Admiral Markets Demo |
FxPro Demo |
Excluded Countries | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | BE, BR, KP, NZ, TR, US, CA, SG | US, JP | BR, KR, IR, IQ, SY, JP, US | US, CA, IL, KR, IR, MM, CU, SD, SY | BE | No | RU, BR, CH, ZA, SG, JP, US, CA, BE, IL, TR, NZ, MY, SY, TH, ID, IR, IQ, HK, PH, PR | US | US, CA, JP, SG, MY, JM, IR, TR | US, IR, CA |
You can compare MetaTrader 5 ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top MetaTrader 5 for 2021 article further below. You can see it now by clicking here
We have listed top MetaTrader 5 below.