Best MT5 Brokers

MetaTrader 5 is the updated version of the industry standard MetaTrader trading platform and the first to utilize multi-asset functionality for stocks, futures and Forex trading.

Although still not as popular as the previous version MetaTrader 4, the MT5 platform is acquired by an increasing number of forex brokers, giving users a greater choice of trading platforms.

For testing purposes, we downloaded the MetaTrader 5 software, installed it and connected it to our live trading accounts.

As part of our test, in addition to trading currency pairs, we trade indices, stocks, criptomoedas and commodities, which is impossible with previous versions of MetaTrader. 

We trade with many indicators on various chart windows and install MQL5 scripts to enable automatic trading.

We also tested customer service via chat and email. These are the best MT5 brokers according to our tests.

$ 10.000
Demonstration Account
  • Strict regulation in various jurisdictions
  • Powerful and easy-to-use trading platforms for desktop, web and mobile
  • Huge range of over 17.000 trading instruments
Bonus
trader contest
  • A large number of assets
  • Free exchange of cryptocurrencies for trust funds
  • Several dozen technical indicators for charts
Bonus
None available at the moment
  • A wide range of trading instruments
  • The minimum level is $100
  • The site is integrated for customers worldwide
Bonus
3,5% up to $3.500
  • It has a convenient and intuitive proprietary trading platform that is presented in the browser version, which eliminates conflicts with the operating system and crashes in sending orders
  • 4th largest derivatives exchange in the world by volume
  • Variety of markets including spot, perpetual and futures
Up to 120%
of Bonus
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
  • Segregated client funds
  • Negative balance protection
  • Member of the Financial Committee
$ 100.000
Free Demo
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
  • Powerful and easy-to-use trading platforms
  • Good selection of trading instruments
  • Various account types and funding options
$ 100.000
Free Demo
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
  • multi-regulated
  • Negative balance protection
  • Investor Compensation Fund
$ 140
of Bonus
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
  • tight margins
  • Excellent market analysis
  • Lots of educational material
1 Year Warranty!
  • Secure hardware wallet
  • Easy to use
  • attractive price
earn
welcome bonus
*Your capital may be at risk
*Risk of Capital Loss
  • Support for multiple cryptocurrencies
  • very secure
  • Support for SegWit and Bech32 addresses
earn
$54 in free bitcoin
*Your capital may be at risk
*Risk of Capital Loss
  • Easy to use
  • Free to register and maintain cryptographic coins
  • decent rates
save 20%
  • High level security
  • Touchscreen User Interface
  • Easy to configure
40% off
  • Can be managed from a mobile device
  • very secure
  • Supports over 1500 cryptocurrencies
Free account
*Your capital may be at risk
*Risk of Capital Loss
  • Wide variety of cryptocurrencies
  • Crypto Exchange Rates for Low Cryptocurrencies
  • Integrates with multiple portfolios
Demo Account $50.000
*Your capital may be at risk
*Risk of Capital Loss
  • Multi-Platform Web and App
  • Easy to use and beginner friendly
  • Trading Signals
Counts
Free Demo
*Your capital may be at risk
*Risk of Capital Loss
  • Offers Access to 10 Digital Currencies
  • No Fees For Deposits or Withdrawals
  • Payment Options Banner
5% cashback
*Your capital may be at risk
*Risk of Capital Loss
  • Exchange established with good security levels.
  • Simple, intuitive and detailed interface
  • unlimited withdrawals
Counts
Free Demo
*Your capital may be at risk
*Risk of Capital Loss
  • Offers Access to Over 50 Digital Currencies
  • Low Minimum Account Funding
  • Digital Currencies is Insured Should the Site Be Hacked.
On Sale
50% in Cashback
*Your capital may be at risk
*Risk of Capital Loss
  • Fast processing of 1,4 million orders per second.
  • Low fees - 0,1% transaction fees
  • Liquidity - The platform offers high liquidity to its customers
$10.000 Unlimited
Free Demo
*Your capital may be at risk
*Your Capital is at Risk
  • Multiple Trading Accounts
  • Regulated Broker
  • Great Customer Support
Bonus of up to R$600
*Your capital may be at risk
+18
  • Good choice of e-sports betting
  • Generous welcome bonus offer
  • Wide variety of payment methods
$ 100.000
Free Demo
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
  • Large selection of trading instruments
  • Multiple Regulations
  • Various International Awards
Bonus of up to R$200
*Your capital may be at risk
+18
  • Sports Betting, Poker & Casino
  • Trusted and well known brand
  • Good for betting and gaming on mobile devices
Bonus of up to R$200
*Your capital may be at risk
+18
  • Convenient payment methods
  • Generous welcome offer and ongoing promotions
  • many markets
Bonus of up to R$600
*Your capital may be at risk
+18
  • Wide variety of markets and sporting events
  • high odds
  • Cash Out Option
Bonus of up to R$650
*Your capital may be at risk
+18
  • Participation with a wide choice of tournaments
  • Weekly Prizes and Free Spins
  • Many weekly discount offers
$ 10
No Deposit Bonus
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
  • Regulation Broker With Good Reputation
  • Copy Trading
  • Allowed Hedging in Trading
$ 100.000
Free Demo
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
  • Regulated and safe forex broker
  • real ECN trading
  • Better trading conditions for users (0,0 pips spread and commission)
$ 100.000
Free Demo
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
  • Regulated Broker
  • Social Trading
  • Friendly Interface
$30 Bonus
Free account
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
  • Many Educational Materials
  • Demo Account with $100.000
  • Welcome Bonus
100%
of Bonus
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
  • Free Demo Account No Registration Required
  • Social Trading
  • Regulated Broker
50%
of Bonus
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
  • Instant deposits and 24-hour withdrawal processing
  • 50% initial bonus
  • Social commerce, tournaments, and prizes
$ 10.000
Free Demo
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
  • More than 100 assets to trade
  • Fast Withdrawals
  • Award-winning high-tech platform
30%
of Bonus
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
  • Minimum deposit for entry
  • Free demo account
  • Many teaching tools
$ 10.000
Free Demo
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
  • Intuitive Trading Platform
  • Fast Withdrawals
  • Low Minimum Initial Deposit Requirement

 

Best MetaTrader 5 Brokers

Released in mid 2010, MetaTrader 5 is the latest version of the market-leading MetaTrader trading software.

Like MetaTrader 4, MetaTrader 5 allows users to access the Forex market through a broker, but also provides additional access to CFDs, stocks and futures.

This also means it is a more valuable asset for brokers, as it allows them to reach a wider customer base — this has resulted in a noticeable increase in the number of brokers owning MetaTrader 5, sometimes replacing MT4 entirely.

MT5 comes with a new writing language, MQL5 which is more efficient than MQL4. Although the interface is similar to the previous MT4 platform, MetaTrader 5 has more advanced graphical tools, including 12 more timeframes and more built-in technical indicators.

The MT5 also allows the use of an unlimited amount of charts, shows Depth of Market and has a built-in Economic Calendar. It also has more pending orders than MetaTrader 4 and has a built-in chat system.

Best MetaTrader 5 Brokers

Should I Use MetaTrader 5?

The answer to this question depends on what you want from your platform and your commercial experience.

If you want to trade other CFDs as well as Forex, but want to be an independent customer, then the MT5 platform is a good choice. If you just want to trade forex on a simpler platform then it is a good idea to start with MetaTrader 4. 

If you already have some experience with MetaTrader 4 and are thinking about changing, it really depends on your reasons. The only significant reason to switch platforms is if you want to trade in other markets.

The significant reason not to change is that programs written for MT4 will not work in MetaTrader 5, you will lose all your EAs, indicators and automated scripts in the transition.

The question is how much longer will MetaTrader 4 be used by great brokers. It is unquestionably the industry standard today and recent updates to the MQL4 language have made creating auto trading scripts almost as easy and efficient as MQL5.

That said, more brokers are always offering MetaTrader 5 and some have opted to only have MT5 in their tools.

Conclusion

MetaTrader 5 will eventually overtake MT4 as the industry standard. The fact that MetaTrader 5 is more complete, supports trading in all financial markets, and allows advanced testing makes it very attractive to both brokers and users.

Allowing risk coverage for non-US users was the removal of a major obstacle to joining MT5.

The only problem that remains is the lack of backwards compatibility with robots. MT4 and EAs — and this is a problem that will never go away.

If you use MetaTrader 4 and it meets your trading needs, stick with it as it will remain the gold standard for a while — unless you want to trade in other financial markets. If you're new to the market, it's worth considering going straight to MetaTrader 5.

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