Best Forex Brokers with MT5

MetaTrader 5 (MT5) is a popular multi-asset trading platform that builds upon the success of MT4 by offering advanced charting, more order types, an economic calendar, and improved execution capabilities. Many brokers provide MT5 to meet the demands of traders seeking versatility and powerful tools.

This article lists the best forex brokers offering MT5, highlighting their key features, regulatory status, and advantages.

Why Choose Forex Brokers with MT5?

Supports forex, stocks, commodities, indices, and cryptocurrencies
Advanced technical indicators and graphical tools
More order types (buy stop limit, sell stop limit)
Economic calendar and market depth feature
Automated trading with improved strategy testing

Top Forex Brokers Offering MT5

1. XM

Regulation: ASIC, CySEC, IFSC
Minimum Deposit: $5
Features: Multiple account types, copy trading, bonuses
Why MT5: Full-featured platform with wide asset access

2. FXTM (ForexTime)

Regulation: FCA, CySEC, FSCA
Minimum Deposit: $10
Features: Flexible leverage, educational resources
Why MT5: Supports both forex and CFDs, copy trading

3. Exness

Regulation: FCA, CySEC, FSCA
Minimum Deposit: $1
Features: Instant withdrawals, high leverage
Why MT5: Robust platform with fast execution

4. HotForex (HFM)

Regulation: FCA, CySEC, FSCA
Minimum Deposit: $5
Features: Micro accounts, loyalty bonuses
Why MT5: Supports multi-asset trading and automated strategies

5. Pepperstone

Regulation: FCA, ASIC, CySEC
Minimum Deposit: $0 (recommended $200)
Features: ECN pricing, algorithmic trading
Why MT5: Professional-grade platform with multiple execution models

6. IC Markets

Regulation: ASIC, CySEC
Minimum Deposit: $200
Features: Raw spreads, deep liquidity
Why MT5: Fast execution, multi-asset support

7. RoboForex

Regulation: IFSC
Minimum Deposit: $10
Features: Pro-Cent accounts, social trading
Why MT5: Extensive platform compatibility

Key Takeaways

MT5 offers advanced features beyond MT4, ideal for diverse trading needs
Brokers like XM, FXTM, and Exness offer low minimum deposits and MT5 support
MT5 supports broader markets including stocks and futures CFDs
Automated trading and strategy testing are enhanced in MT5

Frequently Asked Questions

What is the difference between MT4 and MT5?

MT5 supports more asset classes, more order types, and has an integrated economic calendar, unlike MT4.

Can I use MT5 for automated trading?

Yes, MT5 supports Expert Advisors (EAs) with improved strategy testing.

Do all brokers support MT5?

No, some brokers only offer MT4 or proprietary platforms, but MT5 adoption is growing.

Is MT5 suitable for beginners?

Yes, MT5 is user-friendly and offers extensive educational resources.

Can I trade cryptocurrencies on MT5?

Many brokers offer crypto CFDs on MT5.

Best Forex Brokers with MT5

Why Choose Forex Brokers with MT5?