MetaTrader5 Forex Brokers

Written by Miro Nikolov

Miro Nikolov is the co-founder of TradingPedia.com and BestBrokers.com. His mission is to help people make profitable investments by giving them access to educational resources and analytics tools.

, | Updated: November 20, 2024

Jump to:
Main features of the best MT5 Forex brokers
Forex Brokers with MetaTrader 5
MetaTrader 5 Forex Brokers by Spread
Leading Brokers Using MetaTrader 5

Find the best MetaTrader5 forex brokers reviewed by our expert team at TradingPedia. If you are looking for a well-equipped trading platform that will allow you to trade on the financial markets, then why don’t you take a look at Meta Trader 5? It has all the tools a trader needs.

Below you can find a comparison table of forex brokers that support MetaTrader 5. We rank them based on several factors including: regulation, spreads and commissions, Trustpilot rating, trading instruments, trading platforms, deposit and withdrawal methods.

Main features of the best MT5 Forex brokers

TRADE NOW READ REVIEW
Fusion Markets
Min Deposit
$0
Trading Instruments
Forex, Commodities, Indices, Crypto, US Stocks
Regulators
ASIC, FSA (Seychelles), VFSC (Vanuatu)
Trading Platforms
MetaTrader4, MetaTrader5, cTrader, DupliTrade, Fusion+ Copy Trade
Spread
0.9 pips Classic; 0.0 pips Zero
Leverage
1:30
Deposit Methods
Visa, Mastercard, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku, Bitcoin, Ethereum, Litecoin, USDT, Tether, Ripple, bank wire
Withdrawal Methods
Visa, Mastercard, Bank Wire, Skrill, Neteller,Bitcoin, Ethereum, Litecoin, Tether, Ripple
74-89% of retail CFD accounts lose money
Offers trading forex, stocks, futures and more instruments with MT5. Supports 21 time frames. Traders can use 80+ Technical Analysis objects. Auto trading through EAs available.
TRADE NOW READ REVIEW
FP Markets
Min Deposit
$50 (AU$100)
Trading Instruments
Forex CFDs, Shares CFDs, Metals CFDs, Commodities CFDs, Indices CFDs, Crypto CFDs, ETF CFDs
Regulators
ASIC, CySEC, FSA (Seychelles), FSCA
Trading Platforms
MetaTrader4, MetaTrader5, WebTrader, IRESS
Spread
1.0 pips Standard; 0.0 pips Raw
Leverage
1:30
Deposit Methods
Visa, Mastercard, Neteller, Bank Transfer, Skill, Sticpay, Fasapay, Virtual Pay, Perfect Money, Pagsmile, Dragonpay, Crypto, Apple Pay, Google Pay, Online Banking, Broker to Broker
Withdrawal Methods
Visa, Mastercard, Bank Wire, Neteller, Skrill, Paytrust88, PayPal
73.85% of retail investor accounts lose money
MT5 trading available on desktop, mobile, and in a browser version through WebTrader. Offers 21 time frames and 8 order types. Allows the use of EAs, forex signals, and copy trading.
TRADE NOW READ REVIEW
Pepperstone
Min Deposit
$0
Trading Instruments
Forex, Indices, Commodities, Cryptocurrencies, Share CFDs, ETFs
Regulators
UK FCA (No.684312), CySEC (No. 388/20), ASIC (No. 414530), BaFin (No.151148), DFSA, CMA
Trading Platforms
TradingView, MT5, MT4, cTrader
Spread
From 0.0 pips (Razor Accounts), 1 pip (Standard Accounts)
Leverage
1:30
Deposit Methods
Visa, Mastercard, PayPal, Bank Transfer
Withdrawal Methods
Visa, Mastercard, PayPal, Bank Transfer
75.5% of retail investor accounts lose money
Offers fast order executions through MT5. Available for trading on Android and iOS mobile devices. MQL5 programming language allows easy coding. Offers 38 indicators to help tracking market movements.
TRADE NOW READ REVIEW
IC Markets
Min Deposit
$200
Trading Instruments
CFDs on Forex, Commodities, Index, Bond, Cryptocurrencies, Stock, Futures
Regulators
FSA (Seychelles), CySEC, ASIC
Trading Platforms
MetaTrader4, MetaTrader5, cTrader, ZuluTrade
Spread
0.8 pips Standard, 0.0 pips Raw Accounts
Leverage
1:30
Deposit Methods
Bank transfer, Visa, Mastercard, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna
Withdrawal Methods
Bank transfer, Visa, Mastercard, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, FasaPay, Poli, RapidPay, Klarna
70.64% of retail investor accounts lose money
Low-latency trading through the MT5 platform. Raw accounts with 0.0 pips starting spreads have access to MT5 trades. Level 2 pricing model on the MT5 platform.
TRADE NOW READ REVIEW
AvaTrade
Min Deposit
$100
Trading Instruments
Forex, Major stock indices, Cryptocurrencies, Commodities, Bonds, Individual Shares, ETFs
Regulators
FFAJ (License No.1574),CySEC (No. 347/17) ISA (No. 514666577), IIROC, ADGM / FSRA (No.190018), CBI (No.C53877), BVIFSC (No. SIBA/L/13/1049), FSCA(No.45984), ASIC(No.406684)
Trading Platforms
MetaTrader4, MetaTrader5, WebTrader, AvaTadeGO, AvaSocial
Spread
From 0.9 pips (retail), 0.6 pips (pro)
Leverage
1:30
Deposit Methods
Visa, Mastercard, Skrill, WebMoney, Neteller, bank wire
Withdrawal Methods
Visa, Mastercard, Skrill, WebMoney, Neteller, bank wire
76% of retail investor accounts lose money
Multi-asset trading through MT5. Algorithmic trading with EAs. MT5 available on Windows, Mac, iOS, and Android devices.
TRADE NOW READ REVIEW
XM Group
Min Deposit
$5
Trading Instruments
Forex, Stocks, Indices, Commodities, Thematic Indices
Regulators
FCA (ref. no. 705428), (ASIC) (ref. No. 443670), FSC (license no. 000261/397), DFSA (ref. no. F003484), CySEC (license no. 120/10), MiFID, CFTC
Trading Platforms
MetaTrader 4 and 5, MetaTrader 4 and 5 on mobile, MT4 WebTrader, MT5 WebTrader, MT$ Multiterminal
Spread
From 0.0 pips (Zero Account), 0.6 pips (Standard and Micro Accounts)
Leverage
1:30
Deposit Methods
Visa, Mastercard. Skrill, Bank Transfer, Neteller, Apple Pay, Google Pay, UnionPay, Maestro
Withdrawal Methods
Visa, Mastercard, China Union Pay, Skrill, Neteller, Bank Transfer
72.82% of retail investor accounts lose money
Traders can install the MT5 platform on various desktop and mobile devices. Web trading through WebTrader is also supported. Supports over 1,000 tradable instruments, with advanced tools allowing expert trading.
TRADE NOW READ REVIEW
Eightcap
Min Deposit
$100
Trading Instruments
Forex CFDs, Commodity CFDs, Shares CFD's, Index CFDs, Crypto CFD's
Regulators
SCB (No. SIA-F220), ASIC (No.391441), CySEC (No. 246/14), FCA (No. 921296)
Trading Platforms
MT4, MT5, WebTrader, TradingView
Spread
0.1 pips on Standard and TradingView Accounts; 0.0 pips Raw Accounts
Leverage
1:30
Deposit Methods
Visa, PayPal, Mastercard, Wire Transfer, Neteller, Skrill, Tether, Bitcoin, BPAY, Dragonpay, Fasapay, Interac, Pix
Withdrawal Methods
Mastercard, Visa, PayPal, Skrill, Neteller, Bitcoin, Tether, Wire Transfers, BPAY, Fasapay, Pix, Interac
76.09% of retail investor accounts lose money
Provides access to global markets through the MT5 trading platform. Advanced trading is possible through EAs, separate accounting of orders, and state-of-art charting tools.
TRADE NOW READ REVIEW
Tickmill
Min Deposit
$100
Trading Instruments
Forex, CFD's on Stock, CFD's on Indices
Regulators
CySEC (No. 278/15), FCA (733772), CONSOB (No.4310), BaFin (No.146511), ACPR (No.75473), CNVM (No.4082), FSA Seychelles (SD 008), FSCA (FSP 49464)
Trading Platforms
MT4, MT5, WebTrader, ZuluTrade
Spread
From 0.0 pips (Raw Account), 1.6 pips (Classic Account)
Leverage
1:30
Deposit Methods
Bank Transfer, Skrill, Mastercard, Visa, PayPal, Przelewy24, Neteller, Trustly
Withdrawal Methods
Mastercard, Visa, Skrill, Neteller, Przelewy24, PayPal, Bank Transfer
70% of retail investor accounts lose money
One can access various trading markets through MT5. Traders may use 21 different time frames, 38 built-in indicators, Economic Calendar, and EAs for algorithmic trading.
TRADE NOW READ REVIEW
easyMarkets
Min Deposit
$100
Trading Instruments
Regulators
CySEC (license no. 079/07), ASIC (license no. 246566), FSA (license no. SD056), and FSC (license no. SIBA/L/20/1135).
Trading Platforms
easyMarkets, MetaTrader 4, MetaTrader 5, TradingView
Spread
Leverage
1:30
Deposit Methods
Visa, Mastercard, JCB, Amex, Skrill, Neteller, Fasapay, Sofort, iDEAL, Web Money, BPay, Bank Transfer
Withdrawal Methods
Visa, Mastercard, JCB, Amex, Skrill, Neteller, Fasapay, Sofort, iDEAL, Web Money, BPay, Bank Transfer
71% of retail investor accounts lose money
Offers 38 inbuilt trading indicators through MT5 platform. Spreads starting as low as 0.7 pips. MT5 can run on desktop and mobile devices as well as on any popular browser.
TRADE NOW READ REVIEW
Vantage FX
Min Deposit
$50
Trading Instruments
Forex, Indices, Commodities, Shares CFD, ETFs, Bonds
Regulators
FCA (license no. FRN: 590299), VFSC (reg. No. 700271), ASIC (license no. no. 428901), FSCA (license no. 51268), CIMA (no. 1383491)
Trading Platforms
MetaTrader 4, MetaTrader 5, ProTrader, TradingView, Copy Trading
Spread
1.1 pips on Standard Account; 0.0 pips on Raw, Cent, and Pro Accounts
Leverage
1:30
Deposit Methods
Visa, Mastercard, Union Pay, Boleto, Bank Wire, Skrill, Neteller, Crypto
Withdrawal Methods
Visa, Mastercard, Union Pay, Bank Wire, Skrill, Neteller, Crypto
Traders can access multiple markets through the MT5 desktop platform or switch to the MT5 app or the WebTrader version for in-browser trading. Offers multiple time frames and instruments that allow auto trading, market tracking, and advanced analysis.

Forex Brokers with MetaTrader 5 Compared By Leverage and Commission per Lot

Broker	Min Deposit	Max Leverage	Commission per Lot	Trustpilot Rating
1. Fusion Markets	$0	1:30 for ASIC Entity (1:500 for VFSC Entity)	$0 Classic Account, $4.50 round turn on Zero Account	4.9
2. FP Markets	$50 (AU$100)	1:30 (Retail) 1:500 (Professional)	$0 Standard Account; $6 round turn on Pro Account	4.8
3. Pepperstone	$0	1:30 (Retail ASIC, CySEC, FCA); 1:500 (Professional); 1:400 (CMA)	$0 (Standard Account), $7 round-turn (Razor Account)	4.7
4. Global Prime	$0	1:30 (Retail) 1:500 (Professional)	$0 Standard Accounts; $7 round turn on Raw Accounts	4.4
5. eToro	$50 or $100 based on country ($10 for the UK)	1:30 (FCA, ASIC, CySEC); 1:50 (FINRA); 1:500 (FSA)	$0	4.2
6. XM Group	$5	1:30 for CySEC and ASIC Entities (1000 for Other Jurisdictions)	$0 Ultra Low Micro and Ultra Low Standard Accounts; $3.50 per side XM Zero Account	2.2

MetaTrader 5 Forex Brokers by Spread

Broker	EUR/USD	USD/JPY	GBP/USD	USD/CHF	AUD/USD	EUR/GBP	USD/CAD
1. Fusion Markets	0.07	0.13	1.01	0.37	0.90	0.23	0.14
2. Global Prime	0.13	0.28	1.11	0.34	0.07	0.28	0.26
3. XM Group	0.8	0.9	0.9	2.1	0.75	1.5	2.4
4. eToro	1.0	1.0	2.0	1.5	1	1.5	1.5
5. Pepperstone	1.00 (min)	1.0	1.00 (min)	1.1	1.2	1.2	1.42
6. FP Markets	1.1	0.30	1.2	1.8	1.2	0.20	1.5

Here is a detailed summary of the text:

Overview of MetaTrader 5 (MT5)

MetaTrader 5 (MT5) is a trading platform that allows users to trade various financial instruments, including Stocks, CFDs, Forex, and Futures. The platform provides a range of features that enable traders to automate their trades, analyze markets, and make informed investment decisions. Below you can find the main features of the MT5 platform.

Algorithmic Trading

MT5 allows users to create and use algorithmic trading applications, including trading robots and Expert Advisors (EAs). These can be built from scratch or imported from the platform’s library.

Multiple Open Positions

MT5 enables traders to manage multiple open positions simultaneously, making it easier to monitor and adjust their trades.

Technical and Fundamental Analysis

The platform provides a range of analytical tools, including 38 technical indicators, 39 graphical indicators, and 80 built-in analytical indicators. These tools help traders understand market movements and make predictions about future price directions.

Market Depth

MT5’s Market Depth feature provides real-time information about the best bids and offers for a particular asset, enabling traders to assess market liquidity and make more informed decisions.

Automated Trading

MT5 allows traders to automate their trades, executing positions on their behalf even when their machine is off. This feature enables traders to process extensive information and multiple orders quickly with minimal intervention.

Predicts Market Direction

MT5’s analytical tools enable traders to predict market direction and make informed investment decisions.
Supports Advanced Market Depth: The platform’s Market Depth feature provides real-time information about market liquidity and standing buy and sell.