A forex broker MT5 offers traders access to the advanced MetaTrader 5 platform — the multi-asset successor to MT4. MT5 supports more instruments, faster execution, powerful charting tools, and native support for stocks, indices, and commodities alongside forex. In 2025, top brokers offer MT5 to meet growing demand from professional traders, algo developers, and multi-asset investors.
This guide ranks the best forex brokers with MT5, explains its features, and how to choose the right platform for your trading needs.
Why Trade Forex with MT5?
Core Features of MT5
- 21 timeframes (vs. 9 in MT4)
- 6 pending order types
- Depth of Market (DoM) display
- Integrated economic calendar
- Multi-threaded backtesting
- Support for shares, ETFs, futures, crypto
- MQL5 language for Expert Advisors
- Built-in virtual hosting (VPS)
MT5 vs MT4
| Feature | MT4 | MT5 |
|---|---|---|
| Asset Coverage | Forex/CFD only | Forex, CFDs, stocks |
| Timeframes | 9 | 21 |
| Order Types | 4 | 6 |
| Hedging | Yes | Yes (optional) |
| Programming Language | MQL4 | MQL5 (faster + multi-core) |
| Economic Calendar | No | Yes |
Best Forex Brokers with MT5 (2025)
1. Vantage – Best ECN MT5 Broker
- Regulation: ASIC, CIMA
- Spreads: From 0.0 pips (Raw ECN)
- Leverage: Up to 1:500
- Account Types: Standard, Raw
- Best For: Scalpers, EA users, raw spread traders
- MT5 Add-ons: Smart Trader Tools, VPS, Trading Central
2. Pepperstone – Best for Multi-Platform Integration
- Regulation: FCA, ASIC, CySEC
- Spreads: From 0.0 pips (Razor MT5)
- Leverage: 1:30 retail / 1:500 pro
- Account Types: Razor, Standard
- Best For: Traders who want both MT5 and cTrader access
3. AvaTrade – Best Fixed Spread MT5 Broker
- Regulation: ASIC, FSCA, BVI
- Spreads: Fixed from 0.9 pips
- Leverage: Up to 1:400
- Account Types: Standard only
- Best For: Beginners who want cost certainty and mobile access
4. TibiGlobe – Best for High Leverage MT5 Trading
- Regulation: Offshore
- Spreads: From 0.2 pips
- Leverage: Up to 1:1000
- Account Types: ECN
- Best For: High-risk, high-leverage MT5 traders and white label partners
5. XM – Best for Global Access and Islamic MT5 Accounts
- Regulation: CySEC, IFSC
- Spreads: From 0.1 pips (Zero account)
- Leverage: Up to 1:888
- Account Types: Micro, Standard, XM Zero
- Best For: Global traders and those seeking Shariah-compliant trading
Comparison Table
| Broker | Regulation | Spread From | Leverage | Best For |
|---|---|---|---|---|
| Vantage | ASIC, CIMA | 0.0 pips | Up to 1:500 | ECN trading and VPS integration |
| Pepperstone | FCA, ASIC | 0.0 pips | Up to 1:500 | Platform flexibility (MT5 + cTrader) |
| AvaTrade | ASIC, FSCA | 0.9 pips | Up to 1:400 | Fixed spread and mobile simplicity |
| TibiGlobe | Offshore | 0.2 pips | Up to 1:1000 | High leverage and MT5 automation |
| XM | CySEC, IFSC | 0.1 pips | Up to 1:888 | Islamic accounts and education |
How to Choose an MT5 Forex Broker
1. Regulation
Choose brokers regulated by FCA, ASIC, or CySEC for strong oversight and fund safety.
2. Execution Model
- ECN/STP for raw spreads
- Market Maker for fixed pricing (e.g. AvaTrade)
3. Platform Support
Ensure full MT5 access via desktop, web, and mobile.
4. Custom Tools
Look for brokers offering Smart Trader tools, MT5 VPS, EA compatibility, or signal copying.
5. Leverage & Account Options
Verify if you are retail or pro — affects leverage caps and margin requirements.
How to Open an MT5 Account
- Choose your preferred MT5 broker
- Register and verify your identity (KYC)
- Download MT5 (desktop or mobile)
- Log in using your broker credentials
- Fund the account and begin trading
Key Takeaways
- MT5 is the advanced successor to MT4, supporting multi-asset, fast execution, and automated trading.
- Vantage, Pepperstone, and XM offer some of the best MT5 trading conditions globally.
- AvaTrade and TibiGlobe serve traders needing fixed spread or high-leverage MT5 environments.
- Always ensure your MT5 broker is regulated, supports your trading style, and includes risk management tools.
Frequently Asked Questions
What is MT5 in forex trading?
MetaTrader 5 (MT5) is a multi-asset trading platform that supports forex, indices, commodities, shares, and cryptocurrencies.
Which brokers support MT5?
Top brokers like Vantage, Pepperstone, AvaTrade, XM, and TibiGlobe all offer full MT5 access.
Is MT5 better than MT4?
Yes. MT5 offers more timeframes, faster execution, better backtesting, and broader market coverage.
Can I use Expert Advisors (EAs) on MT5?
Yes. MT5 supports EAs coded in MQL5, ideal for automated strategies.
Do MT5 brokers offer demo accounts?
Yes. All reputable MT5 brokers offer free demo accounts to practise in real-time conditions.
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