OCOctaFX OctaFX Review
5.0(1 review)
50% Forex Deposit Bonus
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MT5 Brokers: Compare MetaTrader 5 Forex Brokers
Compare forex brokers that offer the MetaTrader 5 (MT5) platform. The table shows broker type, minimum spread, minimum deposit, minimum position and maximum leverage, so you can pick an MT5 broker for forex, metals, indices and stocks in one account.
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Featured Forex Brokers with Bonus Offers
Our editors' picks this month, ranked by user rating, bonus value and account conditions.
OCOctaFX 
DIDB Investing DB Investing Review
5.0(2 reviews)
$35 No Deposit Bonus
Broker list
MT5 Brokers Comparison Table
| Broker | Trading Platform | Broker Type | Min. Deposit | Promotion | User Reviews | Official Site |
|---|---|---|---|---|---|---|
| DIDB InvestingDB Investing |
MT5-Web platform, MT5-Android, MT5-Windows, MT5-Mac OS | STP/ECN | $100 | $35 No Deposit Bonus | (5.0/5) | Open AccountView Profile |
 MUMultiBankMultiBank |
ECN Pro Platform, MultiBank Pro MT4 Platform, Maximus MT4 Platform, MT5 Platform, Web Tra… | STP/ECN | $50 | 100% Deposit Bonus | No reviews yet | Open AccountView Profile |
| OCOctaFXOctaFX |
MetaTrader 4 (MT4), MetaTrader 5 (MT5), Mobile MT4, Web Platforms and More Trading Platfo… | STP/ECN | $25 | 50% Forex Deposit Bonus | (5.0/5) | Open AccountView Profile |
 VAValetaxValetax |
MT4 for Desktop, MT4 Web Terminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader MT4 Mu… | STP/ECN | $1 | Forex Demo Contest and Live Contest Promotions | No reviews yet | Open AccountView Profile |
No broker matches that search. Clear the search box or choose "All broker types".
What MetaTrader 5 Adds Over MT4
MetaTrader 5 is the newer platform from MetaQuotes. It offers 21 timeframes, more pending order types, a built-in economic calendar, depth of market and a faster multi-threaded strategy tester.
MT5 also supports more asset classes, so many brokers use it for stock and futures CFDs as well as forex. EAs written for MT4 (MQL4) need to be converted to MQL5 before they run on MT5.
Which Trading Platform Should You Choose?
MetaTrader 4
The classic forex platform. It is light, stable and has the biggest library of expert advisors and custom indicators.
MetaTrader 5
21 timeframes, more pending order types, a built-in economic calendar and access to stocks and futures.
cTrader and Web Trader
cTrader has a clean interface with Level II market depth. A web trader runs in your browser with nothing to install.
How We Review Forex Brokers
Every broker on FXNewBonus is checked against the same list, so you can compare brokers on equal terms. We open demo and live accounts, test deposits and withdrawals, read the bonus terms line by line and collect ratings from real traders.
Regulation and safety
Licence, segregated client funds, negative balance protection and company history.
Trading costs
Average EUR/USD spread, commission per lot, swap rates and inactivity fees.
Trading platforms
MetaTrader 4, MetaTrader 5, cTrader, web trader and mobile apps, plus execution speed.
Bonus and promotions
No deposit bonus, deposit bonus, rebates and the real trading volume needed to withdraw.
Deposit and withdrawal
Minimum deposit, payment methods, processing time and withdrawal fees.
Support and user reviews
Live chat response time, support languages and verified ratings from our readers.
How to Open an Account With a Forex Broker
- Compare brokers in the table above and shortlist two or three that match your platform and budget.
- Read the full review using "View Profile" to check regulation, fees and bonus rules.
- Open a demo account to test execution, spreads and the mobile app.
- Verify your identity with a passport or ID and a proof of address.
- Fund your account or claim a no deposit bonus, then start with a small position size.
Minimum Deposit: How Much Do You Need?
Minimum deposits on this list range from $1 at Valetax up to $100 at DB Investing. If you want to test a broker without risking your own money, start with a forex no deposit bonus.
MT5 Brokers: Frequently Asked Questions
What is an MT5 broker?
An MT5 broker is a broker that gives clients access to the MetaTrader 5 platform for trading forex and CFDs.
Is MT5 better than MT4?
MT5 has more timeframes, order types and a faster tester. MT4 is simpler and has more ready-made EAs. Many brokers offer both.
Can I run MT4 expert advisors on MT5?
Not directly. MT4 EAs are written in MQL4 and must be rewritten or converted to MQL5.
What is the lowest deposit for an MT5 broker?
On this list the lowest minimum deposit is $1 at Valetax.