Best MT5 Forex Brokers In 2024

MetaTrader 5 (MT5) is a popular multi-asset trading platform developed by MetaQuotes Software Corp. It is the successor to the widely used MetaTrader 4 (MT4) platform and offers advanced trading features, including more advanced charting tools, a larger number of technical indicators, and more sophisticated order management tools. MT5 is a powerful platform that allows traders to trade various financial instruments, including forex, stocks, commodities, and cryptocurrencies, among others.

Our team of experts has conducted extensive research and analysis to bring you a selection of brokers that offer the best trading conditions, excellent customer service, and a user-friendly trading experience. We understand that choosing the right broker can be a daunting task, especially for new traders, which is why we’ve made it our mission to help you make an informed decision.

10 Best MT5 Forex Brokers List

AssetsFX

Start Trading

Full Review

AssetsFX, a Forex broker established in 2013, provides online currency trading and CFD trading on metals, indices, and US and EU stocks. With over 180,000 traders worldwide, AssetsFX is known…

Founded :

2013

Headquarters :

Mauritius

Regulation :

FSC Mauritius registration number C207079 GBC and license number GB23201811.

Trading Desk :

ECN/STP

Min Deposit :

$1

Leverage :

1:500

Platforms :

MT4/MT5, Webtrader

RoboForex

Start Trading

Full Review

RoboForex Ltd, established in 2009, is a globally recognized financial brokerage company adhering to stringent regulatory standards under the Financial Services Commission of Belize. It offers diverse account types suited…

Founded :

2009

Headquarters :

Belize

Regulation :

FSC license No. 000138/333.

Trading Desk :

ECN

Min Deposit :

10

Leverage :

1:1000

Platforms :

MetaTrader 4, MetaTrader 5, cTrader, R WebTrader, R MobileTrader, R StocksTrader

Finex

Start Trading

Full Review

FINEX is a leading broker providing the best conditions for trading Forex currencies, commodities and indices. FINEX founded in 2012 and are supervised by the regulator in Indonesia, namely BAPPEBTI…

Founded :

2012

Headquarters :

Indonesia

Regulation :

BAPPEBTI

Trading Desk :

ECN

Min Deposit :

$10

Leverage :

1:500

Platforms :

MT5

Bold Prime

Bold Prime

Full Review

Bold Prime was founded by several teams of experts in multiple sectors of the financial services industry who came together in collaboration to create an amalgamation of all the features,…

Founded :

2020

Headquarters :

Saint Vincent and the Grenadines

Regulation :

SVG FSA, International Business Companies

Trading Desk :

ECN

Min Deposit :

$15

Leverage :

1:2000

Platforms :

MT5, MT4

Doo Prime

Doo Prime

Full Review

Doo Prime Review Doo Prime, an online Forex and CFD trading company headquartered in the Cayman Islands, is a part of the Doo Group company. The company offers clients access…

Founded :

2014

Headquarters :

Vanuatu

Regulation :

Regulated by the SEC and FINRA in the U.S., the FCA in the UK, the ASIC in Australia, the FSA in Seychelles, the FSC in Mauritius, and the FSC in Vanuatu.

Trading Desk :

ECN/STP

Min Deposit :

$0

Leverage :

1:1000

Platforms :

MT4, MT5, Doo Prime InTrad, TradingView

Trive Invest

Start Trading

Full Review

Trive Investment B.V. delivers investment services through its investment platform. It has wholly owned subsidiaries spanning the globe from the United States to Europe, Africa, the Middle East, Indonesia, Australia,…

Founded :

2023

Headquarters :

British Virgin Islands

Regulation :

BVI FSC Regulated

Trading Desk :

ECN

Min Deposit :

$0

Leverage :

1:2000

Platforms :

MT4, MT5

ATROPI

ATROPI

Full Review

ATROPI LLC, is a global financial company which provides Forex Brokerage services to costumers around the world. The company has more than 12 years experience on online brokerage services, Which…

Founded :

2021

Headquarters :

Saint Vincent and the Grenadines

Regulation :

Comoros Mwali International Service Authority

Trading Desk :

ECN

Min Deposit :

$10

Leverage :

1:1000

Platforms :

MT5

FXGT.com

Start Trading

Full Review

FXGT is a new breed of Forex broker. FXGT is the upshot of the digital transformation of currency markets and the widespread adoption of cryptocurrencies. We offer traders the stability…

Founded :

2019

Headquarters :

Seychelles

Regulation :

Financial Sector Conduct Authority (South Africa), Financial Services Authority (Seychelles), License number SD019

Trading Desk :

ECN/STP, Market Maker

Min Deposit :

$5

Leverage :

1:1000

Platforms :

MT4, MT5, Web, Mobile

IUX Markets

Start Trading

Full Review

The online CFD trading company IUX Markets was founded in London in 2016. The trading journey of an IUX Markets customer is extremely important to us, and as a result,…

Founded :

2016

Headquarters :

Cyprus

Regulation :

FSC Mauritius, FSA Saint Vincent and the Grenadines under registered number 26183 BC 2021 and FSCA in South Africa, with FSP No. 53103

Trading Desk :

STP

Min Deposit :

USD 10

Leverage :

1:3000

Platforms :

MT5, IUX App Trade and IUX WebTrader

Tickmill

Tickmill

Full Review

Tickmill is a trading name of Tickmill Ltd, a member of Tickmill Group, which is regulated by the Seychelles Financial Services Authority (FSA). With a proven track record of strong…

Founded :

2014

Headquarters :

Seychelles

Regulation :

FSA, FSC, CySEC, Labuan FSA, FSCA, FCA, BaFin, CONSOB, ACPR & CNMV

Trading Desk :

DMA, ECN

Min Deposit :

100

Leverage :

1:500

Platforms :

MT4, MT5 & Web Trader

FBS Markets

FBS Markets

Full Review

FBS Markets is an authorized provider of online foreign exchange trading services. Being an ECN/STP broker, it provides its clients with a wide range of services and competitive trading environment….

Founded :

2009

Headquarters :

Belize

Regulation :

IFSC, license IFSC/000102/310

Trading Desk :

ECN

Min Deposit :

$5

Leverage :

1:3000

Platforms :

MT4, MT5

AvaTrade

AvaTrade

Full Review

AvaTrade has been an innovative pioneer in online trading since 2006. The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of…

Founded :

2006

Headquarters :

Ireland

Regulation :

Central Bank of Ireland, ASIC, FSA, FSCA

Trading Desk :

ECN

Min Deposit :

100

Leverage :

1:1000

Platforms :

AvaTradeGo, AvaOption, MT4, MT5

HF Markets (HotForex)

Full Review

HF Markets (HotForex.com) is a broker owned by the HF Markets Group, offers a wide variety of account types, and has the widest selection of trading assets and high-quality software….

Founded :

2011

Headquarters :

Regulation :

CySEC, FCA, DFSA, FSCA, FSA

Trading Desk :

ECN

Min Deposit :

$5

Leverage :

1:1000

Platforms :

MT4, MT5

CMC Markets

CMC Markets

Full Review

Since launching in 1989, CMC Markets become one of the world’s leading CFD and spread betting providers. Among the pioneers of the industry and with 30 years’ experience, you can…

Founded :

1989

Headquarters :

London

Regulation :

FCA 173730 and 170627, BaFin Reg 154814

Trading Desk :

ECN

Min Deposit :

0

Leverage :

1:500

Platforms :

MetaTrader 4, Next Generation Platform

FP Markets

FP Markets

Full Review

FP Markets is an Australian contract for differences and forex trading broker headquartered in Sydney at Exchange House 10 Bridge in the adjoining building to the Australian Securities Exchange. FP…

Founded :

2005

Headquarters :

St. Vincent and the Grenadines

Regulation :

ASIC, CySEC, Company Registrations 126 LLC 2019

Trading Desk :

Direct Market Access (DMA)

Min Deposit :

$100

Leverage :

1:500

Platforms :

MT4, MT5

What is MT5 Trading Platform?

MetaTrader 5 (MT5) is a powerful trading platform developed by MetaQuotes Software Corp. that allows traders to trade various financial instruments, including forex, stocks, commodities, and cryptocurrencies, among others. It is the successor to the popular MetaTrader 4 (MT4) platform and offers many advanced features and improvements over its predecessor.

MT5 is a multi-asset platform that offers a wide range of trading instruments and features, including advanced charting tools, more technical indicators, and a greater number of timeframes. It also offers advanced order management tools, such as market depth, netting and hedging, and customizable alerts and notifications.

Another key feature of MT5 is its support for algorithmic and automated trading. The platform includes a powerful built-in programming language, MQL5, which allows traders to create custom indicators, scripts, and trading robots, also known as expert advisors (EAs). These EAs can be backtested and optimized using historical data, and can be used to automate trading strategies and execute trades automatically.

MT5 also offers a social trading feature, which allows traders to connect with other traders, share trading ideas, and follow the trades of successful traders.

How to compare MT5 brokers

Comparing MT5 brokers is an important step in choosing the right broker for your trading needs. Here are some factors to consider when comparing MT5 brokers:

Regulation: Check if the broker is regulated by a reputable regulatory body. Regulated brokers are required to follow certain rules and standards that protect traders’ interests.

Trading conditions: Look at the trading conditions offered by the broker, such as spreads, commissions, leverage, and margin requirements. These can have a significant impact on your trading performance and profitability.

Trading instruments: Check if the broker offers a wide range of trading instruments, including forex, stocks, commodities, and cryptocurrencies. This will allow you to diversify your trading portfolio and take advantage of different market opportunities.

Platform features: Look at the features offered by the broker’s MT5 platform, such as advanced charting tools, technical indicators, and order management tools. These can help you to analyze the markets more effectively and execute trades more efficiently.

Customer support: Check if the broker offers reliable and responsive customer support. This is important in case you encounter any issues or have any questions about your trading account.

Educational resources: Look at the educational resources offered by the broker, such as webinars, tutorials, and trading guides. These can help you to improve your trading skills and knowledge.

Reputation: Check the broker’s reputation by reading reviews from other traders and checking their overall rating on reputable review websites.