Top Mt5 Brokers for 2020

We found 10 online brokers that are appropriate for Trading Mt5.

Best Mt5 Brokers Guide

MT5 Brokers

Before you start hunting for the best MT5 brokers in the finance industry, it is important to know what the term MT5 exactly means and how it is different from the previous version MT4.

MT stands for Meta Trader and MT5 is the latest version of the multi-functional trading platform. Brokers who provide their clients this newest form of retail Forex trading platform are known as MT5 brokers.

Developed by MetaQuotes Software Corp and launched in 2010, the MT5 Forex trading platform is the successor of MT4 and offers a customizable interface to fulfill individual needs through MT5 brokers.

MT5 Brokers Platform Types

MT5 desktop client

The MT5 desktop client is designed for Microsoft Windows computers. The platform offers real as well as demo accounts. It offers about 100 interactive charts, 21-time frames in-depth currencies analysis, at least 80 indicators and several more required for Forex trading.

MT5 Web Trader

MT5 web trader is a web-based platform and can be accessed from Google Chrome, Mozilla Firefox and other browsers. It is a light version and so can be opened easily even with a low internet connection.

MT5 mobile app

The MT5 mobile app is available for Android as well as iOS mobile operating system. It features 30 built- in indicators and offers One Click Trading option. You can access it from iTunes and Google Play store.

MT5 Multi-Asset Institutional platform

MT5 multi asset institutional platform is designed to be used for large scale broker operations worldwide. It supports white-label licenses, exchange connectivity, enhanced back-office and more.

MT5 vs MT4

In MT5 the time frames number is 21 while in the previous version Mt4 it is just 9. The maximum number of charts open in MT5 is unlimited and in MT4 it is 128.

MT5 is perfect for advanced traders while the MT4 is good for beginners. The MT5 platform offers an economic calendar while this feature is found missing in the predecessor MT4.

In the latest MT5 version you require broker support while in MT4 this is the opposite.

MT5 Advantages

We've collected thousands of datapoints and written a guide to help you find the best Mt5 Brokers 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 mt5 brokers below. You can go straight to the broker list here.

Reputable Mt5 Brokers Checklist

There are a number of important factors to consider when picking an online Mt5 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.

Our brokerage comparison table below allows you to compare the below features for brokers offering Mt5 Brokers.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Mt5 Brokers of 2020 compared

Here are the top Mt5 Brokers.

Compare Mt5 Brokers min deposits, regulation, headquarters, benefits, funding methods and fees 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 Pepperstone Roboforex XM Forex.com NordFX OctaFX Admiral Swissquote FXPro
Rating
Regulation Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) Cyprus Securities and Exchange Commission (CySEC) International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment 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 Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA)
Min Deposit 200 200 1 5 500 1 5 200 1000 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
Used By 60,000+ 10,000+ 10,000+ 70,000+ 40,000+ 10,000+ 30,000+ 10,000+ 300,000+ 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
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN 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
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Demo account
  • Mini account
  • Standard account
  • Demo account
  • Mini account
  • Islamic account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, 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, cTrader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps MT4, MT5, cTrader, 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
Learn More Sign Up with
icmarkets
Sign Up with
pepperstone
Sign Up with
roboforex
Sign Up with
xm
Sign Up with
forexcom
Sign Up with
nordfx
Sign Up with
octafx
Sign Up with
admiralmarkets
Sign Up with
swissquote
Sign Up with
fxpro
Risk Warning Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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 Your capital is at risk 72% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits Your capital is at risk
Demo IC Markets
Demo
Pepperstone
Demo
Roboforex
Demo
XM
Demo
Forex.com
Demo
NordFX
Demo
OctaFX
Demo
Admiral Markets
Demo
Swissquote
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 BR, KR, IR, IQ, SY, JP, US US, JP US, CA, IL, KR, IR, MM, CU, SD, SY BE No US US, CA, JP, SG, MY, JM, IR, TR US US, IR, CA

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 2020 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 60000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 10000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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 Pepperstone offers Forex, CFDs, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA)
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 70000+ traders. Your capital is at risk XM 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 Islamic account VIP account
Regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
Forex.com
(3/5)
Min deposit : 500
Forex.com was established in 1999 and is used by over 40000+ traders. 72% of retail investor accounts lose money when trading CFDs with this provider Forex.com offers Forex, Indices, Commodities, Equities, Cryptocurrencies

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA)
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 Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
OctaFX
(4/5)
Min deposit : 5
OctaFX was established in 2011 and is used by over 30000+ traders. Losses can exceed deposits OctaFX offers Forex

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
Admiral
(4/5)
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 Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Swissquote
(4/5)
Min deposit : 1000
Swissquote was established in 1999 and is used by over 300000+ traders. Losses can exceed deposits Swissquote offers Forex, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
FXPro
(3/5)
Min deposit : 100
FXPro was established in 2006 and is used by over 10000+ traders. Your capital is at risk 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 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), Dubai Financial Services Authority (DFSA)