MT5 Forex brokers are Forex brokers that offer their clients the opportunity to trade through the MT5 platform. The MetaTrader5 (MT5) is the new and updated version of the financial industry’s leading trading platform MT4. The company behind both projects, Metaquotes, has kept all of the positive features of the previous version and added various new and long awaited improvements. Below is a MT5 Forex brokers list for you to choose from.

Here is also a list of MT4 Forex brokers. However, traders should keep in mind that, Metaquotes implied that it will ultimately discontinue supporting and maintaining the old MT4 platform as the MT5 platform is perched to control and influence the financial markets.

This current page is a list of all the top MT5 Forex brokers, which is an extension of the MT4 Forex brokers list on another page. The MT5 trading platform is the new and improved version of the old MT4 platform version, with different features and an innovative interface. These features push MT5 Forex brokers to invest more into this trading platform, more than that of the MT4 trading platform.

XM Group and IC Markets are the two most acclaimed brokers that utilize the MT5 trading platform to its full potential.

MT5 Forex Brokers List

 

Broker
Description
Trade Now
Octafx
OctaFX
Regulation: CySec
Min. Deposit: $/€/£ 5
Leverage: 1:500
Spreads: Low as 0.4 pips

Review


FP Markets
FP Markets

Regulation: ASIC, CySEC
Min. Deposit: $/€/£ 100
Leverage: 1:500
Spreads: Ultra Tight from 0.0 pips

Review


NSBroker
NSBroker
Regulation: MSFA, BaFin, FCA,
Min. Deposit: $250
Leverage: 1:100
Spreads: Low as 1.2 pips

Review
XM
XM
Regulation: CySEC,FCA,ASIC
Min. Deposit: $/€/£ 5
Leverage: 1:500
Spreads: Low as 0.1 pips

Review
Avatrade
Avatrade
Regulation: ASIC,JFSA,FSCA
Min. Deposit: $/€/£ 250
Leverage: 1:400
Spreads: Floating from 1 pip

Review


IC Markets
IC Markets
Regulation: ASIC
Min. Deposit: $/€/£ 200
Leverage: 1:500
Spreads: Low as 0.0 pips

Review


Etoro
Etoro
Regulation: CySEC,FCA,ASIC
Min. Deposit: $/€/£ 200
Leverage: 1:30
Spreads: Variable

Review

XTB
XTB
Regulation: FCA
Min. Deposit: $/€/£ 250
Leverage: 1:30
Spreads: Low as 0.1 pips

Review


IQOption
IQOption


Regulation: CySec
Min. Deposit: $/€/£ 10
Leverage: 1:1000
Spreads: Floating from 1 pip

Review


OlympTrade
OlympTrade
Regulation: IFC
Min. Deposit: $/€/£ 10
Leverage: 1:500
Spreads: Low as 0.0 pips

Review
Globex360
GlobeX360
Regulation: FSCA
Min. Deposit: No min Deposit
Leverage: 1:500
Spreads: Low as 1.6 pips

Review

 

Which is Better? MT4 Trading Platform or MT5 Trading Platform?

There is not much of a difference between both trading platforms, and most brokers provide both trading platforms for traders of all experience. The only difference that applies to both trading platforms is the trader’s personal preference. The new and improved features are not for everyone’s tastes, but there are always going to be clients that are looking for something that is not like the others. The MT4 trading platform is user-friendly, and many traders have appreciated using the platform. However, as you gain more experience, you might want to look for a trading platform that gives you access to more features and options than you needed before.

While the MT4 trading platform is the preferred mode of trading for almost all Forex brokers, there are various brokers that choose to add MT5 trading platform as an additional feature. Despite the additional features, the MT4 and MT5 trading platform is neither superior to one another. There are advantages and disadvantages on each trading platform, especially for the trader’s preference. MT4 and MT5 Forex brokers tend to give the trader’s the option to choose whichever they prefer.

We advise traders who are with an MT4 and MT5 Forex broker to try the demo account on both trading platforms, and see which of them is better suited for them.

In general terms, MT5 and the corresponding MT5 Forex brokers are more resourceful and flexible than the MT4 trading platform, which gives traders access to more opportunities for more profit and the ability to execute more operations. For experienced traders and ambitious traders then MT5 is the most suitable trading platform for you. However, if you prefer to keep trades simple and be in complete control of the risks that occur, than you’d better stay with the simplified MT4 trading platform. Both the MT4 Forex brokers and the MT5 Forex brokers allow traders to make all the decisions, so they can be as comfortable as possible with their trading experience.

What to Consider When Using the MT5 Platform

MT5 is one of the most respected and globally acclaimed trading portals for personal computers, PC. Following the reputation of its predecessor and previous version, MT4, this package provides real-time access to various financial markets. Trades can be executed and implemented with the click of button and all information is regularly updated and restructured through streaming software that is located in the Cloud.  MT5 is designed and premeditated as a full-fledged system that allows clients to trade online. It consists of a wide range of features of the previous MT4 version, supplemented and supported with new useful tools and resources. All traders have to do is simply download, install, and they can start trading!

The new and MT5 trading platform got a brand new assortment of candlestick time frames, which are now available and accessible for both long term and short term traders. In addition, the economic calendar is directly integrated and incorporated with the price charts and has small bookmarks on the time alignment in the bottom. All of these new and improved features can, of course, be filtered or fully removed from the calendar menu.

The MQL Marketplace is still available on the MT5 trading platform, but the outdated indicators and Expert Advisors (EAs), which were developed for MT4 but they are no longer supported on the new trading platform. New and updated versions are being developed and established, but it will take some time until their volume reaches the old volumes of the MT4 platform.

At first, the MT5 platform was designed with the prospect of trading futures and stocks. Therefore, a trader was not able to have a long position and a short position open at the same time (also known as hedging). However, as the platform evolved hedging became a prominent feature for Forex traders. MT5 Forex brokers, at their discretion, may offer the opportunity to their clients to hedge certain instruments under certain trading conditions.

 How to Download MT5 – Free Trading Platform

MеtаTrаdеr5 (MT5) is the most popular and it is the number one multi-asset platform that is chosen by traders and investors alike, from all over the world for trading Forex, CFDs, exchange-traded instruments and futures. The trading platform provides advanced charting and trading tools, as well as options for automated trading.

MT5 Forex brokers and the associated trading platform can be downloaded at absolutely no charge, and hassle-free. By entering the inter-bank market via MT5 trading platforms, you can immediately find out a balance of your trading account. Besides, you will receive records of all your deals, open orders, profits, and losses. If you plan to download MetaTrader for your Forex business, it could be a wise move for your career and company. This is true, especially if you get the platform from a MT5 Forex broker.

Download MT5 and start trading using the full list of the trading platform options and features.

  • Download MT5 to Open a Demo\Real Account

 MT5 Download has been tested in the following browsers:

  • Google Chrome – latest version
  • Firefox – latest version
  • Opera – latest version
  • Internet Explorer – version 8.0, 9.0, 10.0.

 MеtаTrаdеr5 System Requirements

MT5 for PC requires

  • Processor with SSE2 support (almost all modern processors)
  • Windows 7 (32 – and 64-bіt); Windows 8 (32 – and 64-bіt) and Windows 10 (32 – and 64-bіt)
  • RAM 512 MB
  • Free hard disk space 50 MB
  • Screen Resolution 800×600

MT5 Forex brokers offer a wide variety of functions and unique features for the modern Forex and exchange market trader:

Full set of trading orders for flexible Forex, Stocks, and other securities trading

  • Two position accounting systems: netting and hedging
  • Unlimited amount of charts with twenty-one time-frames and one-minute playback history of quotes
  • Technical analysis with over eighty built-in technical indicators and analytical tools
  • Fundamental analysis based on financial news and economic calendar
  • The largest store of ready-to-use trading applications at MetaTrader Market
  • Powerful algorithmic trading with the built-in MQL5 development environment
  • Trading Signals allowing you to automatically copy deals of experienced traders
  • A system of alerts to keep track and monitor all the important financial market events
  • Built-in Forex VPS

Pros and Cons of MT5

PROS

There are several advantages of the MT5 trading platform, which seem to be a crowd pleaser.  The MT5 trading platform is mainly used by advanced traders, which is why traders tend to use this platform more than the rest. The first advantage is that it is a clear and easy-to-use online trading platform, which means that it is user-friendly and it provides a comprehensive guide on how to operate trades. With a helpful trading platform, it makes trading more attractive and accessible for the traders.

Speaking of accessible, the MT5 trading platform has a mobile application that makes trading possible anytime, anywhere! So, traders will not be constrained with the possibility of missing an important trade, or be chained to a desk, in order to trade. Traders will be able to trade whenever they feel like it, wherever they are, and it won’t take any time at all.

The third and final advantage that will be highlighted is the real-time element of the MT5 trading platform. The MT5 trading platform provides charts and other analytical data in trading, in real-time scenarios. This means that you can create trading strategies that are reliable, and make trading decisions that are accurate, through MT5. With the real-time scenarios, it will be fairly easy for traders to forecast what assets are going up, and what assets are going down. The third advantage is one of the most important aspects since it defines the trades a user will make for the future trading operations that will occur; it also allows traders a peek into the inner-workings of the forecasted trades.

CONS

As for the disadvantages and drawbacks, the MT5 trading platform has two main disadvantages for traders. The first disadvantage is that the MT5 trading platform is not suitable for novice traders, and investors with small investments. It would be considered extremely challenging for novice traders to use the MT5 trading platform, and they might find it confusing for them to operate on. With this particular trading platform, many traders are advanced and experienced in the trading industry, already knowing how it works. Novice traders will find it hard, but there is an alternative with this trading platform; beginners can also trade with the MT4 trading platform, since it’s more user-friendly to novices.

The second disadvantage and an essential element to consider is the cost of the MT5 trading platform. Although the MT5 trading platform is completely and utterly free for any user, there is some cost to it. In order to access all the features of the MT5 trading platform, traders will have to pay for it and purchase the option to access all the features. Of course, this is understandable since you need to give money to get money, but it is not the best of options to have to pay for the features you would need.

Mobile Trading With MT5 Forex Brokers

Mobile trading with MT5 Forex brokers for Android provides a convenient access to the Forex and Exchange markets from your smart-phones and from your tablet. Regardless of where you are, you can connect to your broker’s server; analyze quotes of currencies, stock, and other exchange instruments, along with executing trade operations. All of the above features are available for free, around the clock!

In conclusion, if you’re a trader who knows what they’re doing when they trade, and they need a trading platform that will accommodate their needs, then the MT5 trading platform is for you!