Top Mt5 Brokers for 2024

We found 11 online brokers that are appropriate for Trading Mt5.

Best Mt5 Brokers Guide

Analysis by Andrew Blumer, Updated December 03, 2023

MT5 Brokers

Before you begin your search for the leading MT5 brokers in the industry, it is crucial to be aware of what the term means and how exactly it is different compared to the previous version, i.e., MT4.

MT means Meta Trader. It is the most recently released version of the multifunctional trading Forex platform. Individuals who offer their clients this latest form of retail foreign exchange trading platform are commonly referred to as MT5 brokers.

An MT5 broker is a fiscal mediator responsible for buying and selling operations on financial tools like foreign exchange (or Forex) market currencies, indices, precious metals, cryptocurrencies, raw materials, energies, etc.

What Is The MT5 Trading Platform?

MT5 has several trading platforms offering users the option to trade in financial instruments, including stocks, commodities, indices, and currencies. These platforms also support trading on multiple accounts simultaneously, thus facilitating the ease of monitoring multiple accounts from a single trading platform. MT5 also offers its clients complimentary trade updates, ensuring that the platform and clients remain updated with the latest market movements. MT5 also facilitates clients to gain exposure to new trading opportunities that they would not be able to get access to on other platforms.

Some key features that an MT5 Broker Review may cover are the availability of trading robots on the platform, the availability of custom indicators, the ability to generate trading signals and even the ability to trade using leverage.

Experienced traders looking for a platform to trade can make use of the MT5 platform and as many as they want since it is a fully customisable platform with an easy-to-understand graphical user interface.

The MT5 platform allows the users to choose between a wide range of indicators, such as Simple Moving Averages, moving average convergence divergence or MACD and allows them to create their custom indicator. These trading robots have been known to generate winning trades regularly and are one of the reasons why MT5 brokers have become so popular.

MT5 is among the most popular and well-known names in the FX trading software world. With an expansive product offering including four different primary brokers and numerous add-on features, the company has been successful with its widespread popularity.

History Of MT5 Brokers

Formed by MetaQuotes Software Corp and released in 2010, the MT5 trading platform came after the highly popular MT4, offering a modular interface for individual needs through MT5 brokers. Keeping the same logo, MT5 was designed for the advanced trader, with a large suite of trading tools. The program comes with numerous built-in trading indicators and robots. The interface can also be translated into around thirty-one different languages.

MT5's multifunctional program is best for advanced traders with experience. It allows users to use multiple retail investors accounts with numerous brokers. The program offers users price data and allows using a particular type of non-tradable assets like physical gold to offer margins for open spots of other instruments and generate customised financial symbols.

How Many Brokers Offer MT5

Over 300 brokers provide MT5, the dominant trading platform that trading systems utilise in addition to MT4 to execute trades. If a broker does not provide MT4 or MT5, they have likely developed their proprietary trading platform. There aren't many online brokers who provide MT5 trading as a trading alternative, so look around.

How Much Does MT5 Cost?

A newcomer could expect the price of MT4 to be 100K USD. MT5, on the other hand, begins at 75K USD for a thousand users and, in return, runs up to 300K USD for two hundred thousand trader accounts. MetaQuotes has – in an attempt to attract adoption from new brokers – not made MT5 pricier than its previous model, i.e., MT4.

A new full-fledged license will be required if an existing MT4 broker considers expanding its horizons and either want to switch to MT5 or offer both choices for their clients. You might expect older MetaQuotes clients to be able to negotiate lowered pricing, but there is still a certain cost involved.

Newer traders should practise trading on a demo account before moving to a live MT5 account.

Is MT5 Commission-Free?

Platform charges tend to vary. In essence, this comes as one of the most crucial metrics that a trader must consider before actually going with any MT5 broker. Many MT5 brokers offer accounts in several types, and those accounts have varying pricing plans.

For instance, standard accounts, usually meant for casual traders not having copious amounts of experience, normally do not come with any commission fees (0 per cent) on all Forex markets. However, the trader will have to pay a lowered competitive spread.

MT5 Brokers Platform Types

The MT5 platform, similarly to the MT4 platform, can be accessed by Forex traders as the following:

MT5 Desktop Client

The MT5 desktop client is meant for Windows computers. It is the downloadable version of the MT5 platform. The desktop version comes with real as well as free-of-cost demo accounts. It has approximately a hundred interactive charts and twenty-one-time frames for in-depth technical analysis of exchange futures, stocks, currencies, and precious metals. The platform offers over eighty more indicators and several more required for Forex trading.

MT5 Web Trader

MT5 web trader is a web-based version of MT5 that users can view via Google Chrome and other commonly used browsers. Users need not download software for this as everything is available on browsers. It is a light version of the platform, which can be opened easily, even with a poor internet connection. The broker provides their customers with an individual URL that they can use to gain access to the service via the trader's login information. Since this is a light version of MT5, it only comes with twenty-four interactive charts and thirty technical indices.

MT5 Mobile Apps

The mobile application versions of the MT5 platform are offered in two different formats, i.e., one for iOS devices like the iPhone and iPad and the other for Android phones and tablets. Similar to the Web version of MT5, the mobile app offers thirty preinstalled indicators. Although it is a light version of the program, the MT5 mobile application can easily send all types of orders and includes the One-Click Trading option. The MT5 trading application can be found on the Appstore for iOS devices and the Google Play Store for Android devices. It should be noted that the time zone established by your broker cannot be changed using your devices.

MT5 Multi-Asset Institutional Platform

The MT5 Multi-Asset Institutional Platform works best for larger international broker operations. The platform includes assets registered in the Forex, exchange index, stocks, and commodities futures trading markets. This version of the platform is a package deal interface compatible with white label licenses, exchange connection, features an enhanced back-office, and various APIs for webpage integration. In contrast to MT4, the MT5 platform includes a full-hedging option.

MT5 Forex Brokers

Forex is an inter-bank foreign exchange market with a trading volume surpassing all other financial markets. Foreign exchange trading is available around the clock through international information networks. Currency buying and selling operations are not just available to banks. They are also available to retail trading establishments. Speculation, among other things, is the main key to benefitting from trading Forex, i.e., buying low and selling high.

MT5 Forex Currencies

The most commonly used currencies in Forex include the Japanese Yen, Euro Canadian dollar, Swiss Franc, US dollar, Pound Sterling, and Australian dollar. These foreign exchange currencies form Forex pairs, e.g., EUR/USD, GBP/USD, USD/JPY, and USD/CHF.

A trader can gain access to the currency market with the help of a Forex broker. As their name suggests, MT5 Forex brokers are Forex brokers that provide their customers with the opportunity to carry out trading using the MT5 platform.

MT5 Trading

All you need for that is a computer (while smartphones and tablets work just as fine) with an internet connection, with the MT5 program, which is free to download. Currency buying and selling orders can be sent from the program directly. The trader attempts to predict the currency movement in fundamental and technical analysis. You buy a currency at its lowest possible price and then sell it when its value increases. The trader's earned revenue is equivalent to the significant difference between the buying and selling price of the invested currency.

Since all execution models, market insight and all potential trade types included are now available on the MT5 platform, brokers are now in even more demand than before. However, it should be noted that not all brokers offer platforms.

All leading brokers offer traders the best possible trading conditions while providing them with the freedom to manage retail investor accounts and place trades.

MT5 Stockbrokers

MT5 stockbrokers provide Forex traders with the opportunity to invest in shares and trade currencies via MT5.

MT5 offers fundamental insights into stocks, Forex, commodities, and other tools. The analysis offers essential information associated with a chosen company's stock, i.e., its financial assets and business profile overall. It also offers finance-based news and other economic conditions that may cause prices to fluctuate. The analysis also covers basic stock events and other educational content.

The offered information consists of an economic calendar for tracking notable events that can affect trading activities. The app picks out relevant information, preventing users from information overload. It is ideal for retail investors to opt for stocks having a good underlying base.

Technical analysis enables active traders to execute considerably good daytime and short-term trades. This type of analysis includes indicators like market depth and other indicators that make both short and long-term trends explicit. The technical analysts then consider the supply forces and other considerations relevant to the operation.

MT5 Crypto Brokers

Over time, MT5 has become popular for Forex traders and cryptocurrency holders. Traders can now trade a wide range of virtual currencies like Bitcoin, Ethereum and more in MT5 to participate in the digital currency trend. Brokers also benefit from the growing revenue opportunities as the crypto trend keeps grabbing the headlines for touching levels never seen before in the history of Forex. Trading digital currencies in MT5 is a simple and attractive option due to the many benefits offered.

Cryptocurrency trading via the MT5 platform normally has particular contract requirements required by the broker.

MT5 Futures Brokers

Futures is considered a derivative product. It serves as a financial agreement between two parties requiring one party to produce a commodity or financial tool at a set date in the future. The other party must then pay a set price for it at the set time. The corresponding commodity or financial asset that is the desired product of the contract is known as an underlying asset.

These types of contracts are not always aimed at buying or selling assets. In many cases, market participants make consistent purchases and sales of futures (or the other way around) to gain revenue from the price difference. In that event, the contracts are removed from the transaction subject, becoming separate financial tools.

MT5 Vs MT4

The amount of time frames in MT5 is 21, whereas in the previous version, i.e., MT4, it is only 9. Users can open an infinite number of charts in MT5 but MT4 comes with a limit of 128.

MT5 is suitable for advanced traders. MT4, on the other hand, is best for novices. MT5 provides users with an economic calendar. On the other hand, MT4 does not offer such a feature or any other feature similar to that.

In the most recent MT5 version, broker support is required. It is the opposite when it comes to MT4.

In the most recent MT5 version you need will need broker assistance, while in MT4 this is the opposite.

MT4 is specifically built to support CFD forex instruments. MT5, in contrast, is a packaged state-of-the-art multiple-asset trading program. It covers both centralised and decentralised fiscal markets. These include futures, stocks, and FX trading tools.

MT5 functions faster in comparison to MT4. MT4 is a 32-bit, single-threaded program, while the MT5 platform is 64-bit and multi-threaded.

MT4 and MT5 both come with internal mailing options. However, MT5 provides this service accompanied by attachments. Both platforms do not let users send out emails outside the program.

MT4 only allows hedging. In contrast, MT5 allows both netting and hedging.

MT5 Advantages

One of the main benefits of the platform is that traders are not limited to using essential analytical resources like MT5 graphs, indicators, and tables, because of MQL5, a high-performance and object-focused language. It enables traders to establish their technological indicators.

MT5 also provides improved order management options, including orders with multiple deals and partial fills. A new position is opened every time a trader has a position open at a symbol and executes a new deal. That is the central idea that makes up the MT5 hedging system. Traders can establish 'Take-Profit' as well as 'Stop-Loss' levels. The program also lets them look up the profit level for every position. The most prominent advantages of using MT5 are:

Offers Access To Real Volume-Traded Data

MT5 allows clients to access actual volume-traded data, not just tick volume data. Tick volume means the number of price movements that have taken place during the bar. With the previous version, i.e., MT4, it is impossible to know the actual volume of the lots or contracts that have been traded.

MT5 Is A Multi-Market Platform

Bear in mind that the MT5 platform is a platform that caters to multiple markets. You can perform trades in both decentralised and centralised markets.

MT5 Allows You To Download Tick History

You can use MT5 to download tick history and discuss it with your broker. The MT4 only allows you to save tick history, which leads to many restrictions manually. You have to keep your MT4 program on all day, and despite that, you cannot save all the ticks. In this case, you cannot find out what the top traded cluster in the chosen range was.

MT5 Offers Four Execution Modes

The MetaTrader5 platform offers four order execution modes, i.e., Market, Request, Exchange, and Instant. The broker determines the operation execution mode for every financial product being traded.

Other, just as useful advantages of using MT5 include:

MT5 Offers Useful Analytical Tools

MT5 provides a complete list of analytical tools, allowing traders to perform accurate analysis and prediction. It allows traders to open up to a hundred charts simultaneously in twenty-one unique timeframes. Other tools include thirty-eight technical indicators, seventeen display layouts for client indicators, and four scaling modes. These tools help execute thorough technical analysis and enable traders to look up the liquidity status of the market and make informed decisions based on that.

Other, just as useful advantages of using MT5 include:

MT5 Disadvantages

Can I Use MT5 Without A Broker’s Help?

It is not entirely possible to use MT5 without the assistance of a broker. After installing MT5, it is best to register with a reputable broker. It is a way the MT5 program links you to the broker.

How Do I Deposit Money In MT5?

A trader cannot deposit funds in MT5 without the availability of a broker account. To deposit funds in an MT5 account, log in to the broker's membership area. The next steps are to choose a deposit method, enter the deposit amount, and complete a transaction. You may use a credit or debit card, bank transfer, cheque, or bill payment as your deposit method. Brokers constantly add new payment methods, sometimes even daily. The bank transfer option can be accessed only on working days.

If it is your first time depositing funds, waiting for the money to be cleared before you use it again to trade is crucial. You will also be required to provide proof of the deposit.

Normally, brokers provide MT5 on their websites and support features for it.

How Do I Withdraw Money From MT5?

Traders with an MT5 account can withdraw money by going to the 'File' menu and choosing the withdrawal options. From here, you can select the withdrawal method you think is right. Some brokers also accept payments in crypto.

It helps to guarantee that your chosen Forex broker requests clients to withdraw their funds through their client portal (which is very secure). The time it takes to withdraw the funds varies based on the chosen transaction mode and whether it is an international or domestic transfer.

How Do I Check My MT5 Balance?

All account-related information can be accessed in the 'Terminal' or 'Toolbox' window at the bottom of your MetaTrader5 screen. The terminal contains three tabs to open to check your account balance.

In the Trade tab, you can see your account balance, free margin, margin, equity and any pending orders or open positions in your account.

Traders keep this tab open at any time as it displays most of the vital information needed for their ongoing trades. All the digits there are refreshed in real time.

Why Do I Need A Forex Broker?

First and foremost, a retail trader must have access to the market via an electronic trading platform. The primary trading instrument for a trader is a trading platform, as it enables a Forex broker to look up current quotes. A trader can also analyse market situations through such platforms. Traders can open trades and send orders to buy or sell currencies at a current price.

However, you cannot access Forex's trading terminal without a Forex broker. A broker normally buys an expensive license to be authorised to use a MetaTrader program. They also pay the fees for it every month. That is when they establish the connection to liquidity providers so they can transfer customers' trades to the open market. You cannot trade without a platform and the ECN capabilities a broker offers retail clients. Only brokers can offer access to currency buy/sell activities. While it is possible to trade without a broker, it is not recommended.

MT5 Broker Regulation

The MetaTrader5 platform is (in ideal situations) authorised by brokers before being provided to professional traders. It is among the most used trading systems for international CFDs and retail foreign exchange.

However, unregulated brokers also exist; it is best to be wary of that fact. Unregulated brokers are to be avoided completely. Unregulated brokers cannot guarantee the delivery of services in line with the protection of the client's funds.

For this reason, it is ideal to carefully choose your broker and be wary of their regulation status. Reputable brokers holding FINMA, FCA, or similar financial services authority licenses are set up according to international standards. They protect their clients every step of the way, even going so far as to compensate the trader if anything goes wrong with their firm.

MT5 Brokers Verdict

An online trading platform is one of the most vital forex trading tools. Even though it is true that traders can pick their platforms, the options, in reality, are limited by the broker they choose. Every broker offers not all automated trading systems.

MT5 is an excellent option for advanced and day traders with its cross-functional platform, vast trading tools, and good choice of tradable asset categories. MT5 is also chosen by individuals wanting to provide a broad range of brokerage services to customers without additional software.

We have conducted extensive research and analysis on over multiple data points on Mt5 Brokers to present you with a comprehensive guide that can help you find the most suitable Mt5 Brokers. Below we shortlist what we think are the best mt5 brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Mt5 Brokers.

Reputable Mt5 Brokers Checklist

Selecting a reliable and reputable online Mt5 trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Mt5 more confidently.

Selecting the right online Mt5 trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Compare Key Features of Mt5 Brokers in Our Brokerage Comparison Table

When choosing a broker for mt5 trading, it's essential to compare the different options available to you. Our mt5 brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.

By comparing these essential features, you can choose a mt5 broker that best suits your needs and preferences for mt5. Our mt5 broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 Mt5 Brokers of 2024 compared

Here are the top Mt5 Brokers.

Compare mt5 brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a mt5 broker, it's crucial to compare several factors to choose the right one for your mt5 needs. Our comparison tool allows you to compare the essential features side by side.

All brokers below are mt5 brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more mt5 brokers that accept mt5 clients.

Broker IC Markets Roboforex XM AvaTrade Pepperstone NordFX EasyMarkets FXPro Admiral ThinkMarkets FXPrimus
Rating
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), 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 Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), Financial Services Authority Seychelles (FSA), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec) Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
Min Deposit 200 10 5 100 200 1 100 100 200 No minimum deposit 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 180,000+ 1,000,000+ 3,500,000+ 300,000+ 400,000+ 10,000+ 142,500+ 1,866,000+ 10,000+ 500,000+ 10,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
Platforms MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Tablet & Mobile apps MT4, MT5, Web Trader, Tablet & Mobile apps MT4, MT5, cTrader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps ThinkTrader, MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
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xm
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pepperstone
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nordfx
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easymarkets
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fxpro
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admiralmarkets
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thinkmarkets
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fxprimus
Risk Warning Losses can exceed deposits Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.33% 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. 71% of retail investor accounts lose money when trading CFDs with this provider 74-89 % of retail investor accounts lose money when trading CFDs Losses can exceed deposits Your capital is at risk 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% 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 Losses can exceed deposits
Demo IC Markets
Demo
Roboforex
Demo
XM
Demo
AvaTrade
Demo
Pepperstone
Demo
NordFX
Demo
easyMarkets
Demo
FxPro
Demo
Admiral Markets
Demo
ThinkMarkets
Demo
FXPrimus
Demo
Excluded Countries US, IR, CA, NZ, JP AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH US, CA, IL, KR, IR, MM, CU, SD, SY BE, BR, KP, NZ, TR, US, CA, SG AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, ES, YE, ZW, ET US, CA, EU, RU, SY, KP, CU US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE US, CA, IR US, CA, JP, SG, MY, JM, IR, TR RU, AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC.


All Mt5 brokers in more detail

You can compare Mt5 Brokers 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 Mt5 Brokers for 2024 article further below. You can see it now by clicking here

We have listed top Mt5 brokers below.

Mt5 Brokers List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Roboforex
(4/5)
Min deposit : 10
Roboforex was established in 2009 and is used by over 1000000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 3500000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.33% 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. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account XM Zero account VIP account
Regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 300000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 400000+ traders. 74-89 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), 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
NordFX
(4/5)
Min deposit : 1
NordFX was established in 2008 and is used by over 10000+ traders. Losses can exceed deposits NordFX offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
FXPro
(4/5)
Min deposit : 100
FxPro was established in 2006 and is used by over 1866000+ traders. 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider FxPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)
Admiral
(3/5)
Min deposit : 200
Admiral Markets was established in 2001 and is used by over 10000+ traders. Losses can exceed deposits Admiral Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
ThinkMarkets
(3/5)
Min deposit : 0
ThinkMarkets was established in 2010 and is used by over 500000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% 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 ThinkMarkets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

ThinkTrader, MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), Financial Services Authority Seychelles (FSA), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec)
FXPrimus
(3/5)
Min deposit : 100
FXPrimus was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)

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Losses can exceed deposits
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Losses can exceed deposits