Best MetaTrader 5 (MT5) Forex Brokers

MetaTrader 5 (MT5) is a powerful multi-asset trading platform that provides advanced solutions for both traders and brokers. Unlike its predecessor, MT4, MT5 supports a broader range of financial instruments, including forex, stocks, and futures markets. Brokers can seamlessly transition from MetaTrader 4 to MetaTrader 5, allowing them to expand their brokerage services and offer more diverse trading options. Additionally, MT5 is an ideal platform for starting a new brokerage business, as it enables the organization and management of stock exchanges, forex trading, and futures markets within a single brokerage account. With its enhanced features, deeper market analysis tools, and increased efficiency, MT5 presents a comprehensive solution for both experienced brokers and new market entrants looking to scale their operations.

History of MetaTrader 5

MetaTrader 5 (MT5) was developed by MetaQuotes Software Corp as the successor to the widely popular MetaTrader 4 (MT4). Released in 2010, MT5 was designed to offer expanded market access beyond forex trading. Unlike MT4, which primarily focuses on forex, MT5 provides traders with the ability to trade a variety of financial instruments, making it a more versatile platform. MT5 connects traders to multiple markets, including cryptocurrencies such as Bitcoin, major stock indices like the Dow Jones, S&P 500, NASDAQ, and DAX 30, as well as commodities like gold, forex pairs, and Contracts for Difference (CFDs). With its enhanced features and broader market access, MT5 has become a preferred choice for traders seeking a diverse trading portfolio.

MT5 Trading Platform Features

MetaTrader 5 (MT5) stands out in the trading world with its advanced features and comprehensive tools, making it a top choice for traders.

Trading System
The trading system in MT5 is highly flexible, featuring market depth, separate order and trade execution, and support for both hedging and netting systems. It offers four execution modes—exchange, request, instant, and market—along with various order types, including market, pending, and stop orders.

Technical Analysis
For technical analysis, MT5 provides an impressive suite of tools, including 100 simultaneous currency and stock charts, 21 timeframes for detailed market analysis, and over 80 built-in technical indicators. Additionally, traders can access thousands of custom indicators from the MetaTrader marketplace, both free and paid.

Fundamental Analysis
Fundamental analysis is another key feature, allowing traders to forecast price movements by monitoring economic and industrial indicators. MT5 provides direct access to international news updates from within the platform, keeping traders informed.

Copy Trading Feature
With copy trading, users can follow and replicate the strategies of successful traders, with signals automatically copied to their MT5 accounts. This feature makes it easier for beginners to trade without extensive market knowledge.

Mobile Trading
Mobile trading brings full platform functionality to iOS, Android, iPads, and tablets, enabling traders to manage positions on the go. Similarly, web trading allows access from any browser on Windows, Mac, or Linux, requiring only a stable internet connection.

Web Trading
MT5 brokers web trading provides the opportunity to trade from anywhere. You can access the MetaTrader 5 website from any browser on any operating system (windows, mac, Linux) and proceeds to the trading operation. A stable internet connection will get you all the features from a web browser.

Algorithmic Trading
One of the most powerful tools in MT5 is algorithmic trading, which enables the use of forex trading robots (Expert Advisors or EAs) to automate trades. Traders can program their strategies, and the robots execute them without requiring physical logins.

Virtual Hosting
For uninterrupted trading, MT5 also offers virtual hosting (VPS), allowing traders to keep their strategies running even when their computers are turned off. Through forex VPS, traders can execute trades remotely with minimal downtime.

Best MT5 Forex Brokers

FP Markets

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Integrating state-of-the-art technology with ECN pricing and a vast array of products on offer, FPMarkets is a genuinely top destination for every type of trader. You can trade Forex, Cryptocurrencies, Equities, Metals, Commodities, Futures and Index CFDs with super user-friendly platforms.

FxPro

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Founded in 2006, FxPro is a global forex and CFD broker with a great degree of trust, as confirmed by 90+ international awards and an official partnership with the McLaren F1™ team.

IC Markets

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IC Markets is best known for having some of the tightest spreads in the world. In fact, our EURUSD spread has been the lowest in the world for almost two years, averaging 0.1 pips 24/5. IC Markets is able to offer market leading pricing and trading conditions through its platforms by providing clients with True ECN connectivity.

XtremeMarkets

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XtremeMarkets has built a solid reputation since 2015 by following three guiding principles: fairness, reliability and transparency. Internationally recognized by its industry peers and clients as one of the world’s largest and most client-centred broker companies

Axi

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Axi is an award-winning forex brokerage service, which has been operating in 100 countries and providing service to 42,000 traders. However, Axi changed its name in October 2020, which was known as AxiTader from the beginning.

BlackBull Markets

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BlackBull Markets’ mission is to provide an institutional trading experience for all traders, offering spreads from 0.0 pips, leverage up to 1:500, 26,000 tradable instruments, and 24/7 client support – all with no minimum deposit. Client funds are safeguarded in segregated accounts, ensuring the highest level of security and compliance.

Vantage

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For more than 15 years, we’ve purpose-built our platform and services to help you trade seamlessly and better capitalise on market opportunities. Our Vantage ecosystem serves not only as a platform for investing in financial assets, but also a hub for learning, exploring, and connecting with other like-minded investors.

Pepperstone

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Forex Broker Chooser is a review platform dedicated to delivering transparent, comprehensive reviews and rankings across various aspects, along with up-to-date broker news releases. Our commitment revolves around our core principles of empowering individuals through essential details for making informed decisions and connecting them with reputable brokers.

JustMarkets

Trade With Globally Trusted Broker

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JustMarkets has reached the trust of over millions of clients from 160+ countries. Our company is one of the top popular world brokers. We value the trust of our clients and remain committed to providing reliable services and creating long-term relationships with our traders and partners.

Eightcap

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Eightcap is a global trading technology solutions provider, focused on building the infrastructure that powers modern markets. From our award-winning derivatives brokerage to customised trading solutions for businesses and enterprises, we develop technology that adapts to the evolving needs of the market.

Criteria We Considered to make MetaTrader 5 Brokers List

• Before selecting MT5 brokers, the first thing we look at is its origin country’s regulations requirements. If the broker meets all the regulations, we shortlisted them.
• Then we check their deposit and withdrawal system and policy.
• Next, look for the minimum deposit they want.
• Finally, we consider MT5 forex brokers customer support system. Brokers with excellent customer service can get in the MetaTrader 5 brokers list.