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MT5 Brokers: Compare MetaTrader 5 Forex Brokers

What is MT5?

MT5 is the latest version of the MT4 trading platform, which whole meaning is MetaTrader 5. The MetaQuotes corporation develops that in 2010. After getting huge success on the MT4 trading platform, the software company had decided to bring another advanced trading platform to the market.

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MT5 Brokers Comparison Table

MT5 Brokers Comparison Table
BrokerTrading PlatformBroker TypeMin. DepositPromotionUser ReviewsOfficial Site
Alpha Trading Hub logoAlpha Trading Hub MetaTrader5, cTrader, MT5 WebTerminal, MT5 Android, MT5 iPhone Trader, MT5 iPad Trader, M… ECN/STD $500 100% Forex Deposit Bonus No reviews yet Open AccountView Profile
Aman Trade logoAman Trade MetaTrader5, cTrader, MT5 WebTerminal, MT5 Android, MT5 iPhone Trader, MT5 iPad Trader, M… ECN/STP $250 100% Forex Deposit Bonus No reviews yet Open AccountView Profile
Baxia Markets logoBaxia Markets MetaTrader 4, MetaTrader 5, iPhone, iPad Android, MAM/PAMM, Multiterminal, Forex VPS, FIX… ECN/STD $250 Yes No reviews yet Open AccountView Profile
Blue Suisse logoBlue Suisse TradeMaster, MetaTrader 4, MetaTrader 5, Mobile STP $500 Free Forex Market Analysis No reviews yet Open AccountView Profile
CryptoGT logoCryptoGT MT5 DESKTOP, MT5 WEB TRADER, MT5 ANDROID, MT5 iOS, MT5 macOS STP/ECN $250 Second Time Deposit Bonus 50% No reviews yet Open AccountView Profile
DB Investing logoDB Investing MT5-Web platform, MT5-Android, MT5-Windows, MT5-Mac OS STP/ECN $100 $35 No Deposit Bonus (5.0/5) Open AccountView Profile
Dizicx logoDizicx MetaTrader 5 (MT5), WebTrader and More STP/ECN $5 20% Forex Bonus For Mam Investor (1.0/5) Open AccountView Profile
DK Trade logoDK Trade MT5 Desktop and Mobile, MT4 Desktop and Mobile, WebTrader — $500 50% Welcome Bonus up to $5000 No reviews yet Open AccountView Profile
Exclusive Capital logoExclusive Capital MetaTrader 5 Credit/Debit Card, Bank Wire Transfer, Neteller, skrill, etc. $200 Trading Robot 24/5 Without Interruption No reviews yet Open AccountView Profile
FX Tray logoFX Tray MetaTrader5, cTrader, MT5 WebTerminal, MT5 Android, MT5 iPhone Trader, MT5 iPad Trader, M… ECN/STD $10 No No reviews yet Open AccountView Profile
FXcentrum logoFXcentrum MT5, MetaTrader 5, STP/ECN $100 $100 forex no deposit bonus No reviews yet Open AccountView Profile
FXTM logoFXTM MT5 for PC, MT4 for PC, MT4 Web Trader, MT4 for Multi Terminal, MT5 for Android, MT5 for … ECN/STD $200 30% Forex Deposit Bonus No reviews yet Open AccountView Profile
Fxview logoFxview MetaTrader 5, MetaTrader 4, ActTrader STP/ECN EU - $200, Global - $50 Yes for Global Clients No reviews yet Open AccountView Profile
GCCFX logoGCCFX MetaTrader5, cTrader, MT5 WebTerminal, MT5 Android, MT5 iPhone Trader, MT5 iPad Trader, M… ECN/STD $250 100% Forex Deposit Bonus No reviews yet Open AccountView Profile
MFM Securities logoMFM Securities MT4 vs MT5, MetaTrader 5, MetaTrader 4 STP/ECN $15 100% Deposit Bonus up to $100 No reviews yet Open AccountView Profile
MultiBank logoMultiBank 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
My Forex Trade Capital Inc. logoMy Forex Trade Capital Inc. MetaTrader 5 for android, iOS, and Webtrader ECN/STP/Micro/Crypto/Demo $100 N/A No reviews yet Open AccountView Profile
NSbroker logoNSbroker MT5 Desktop, MT5 Web, MT5 Mobile Yes $100 Free e-Book No reviews yet Open AccountView Profile
OctaFX logoOctaFX 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
Opal Broker logoOpal Broker MetaTrader 5 (MT5) ECN/STP $50 Raw ECN/STP spreads as low as 0.3 pips. No reviews yet Open AccountView Profile
Royal Trades logoRoyal Trades MetaTrader 5 for android, iOS, Webtrader and Status trader ECN/STP/Micro/Crypto/Demo €1000 N/A No reviews yet Open AccountView Profile
RS Markets logoRS Markets MetaTrader 5 Desktop, MetaTrader 5 Mobile STP/ECN $100 Yes No reviews yet Open AccountView Profile
TradeQuo logoTradeQuo MT5 for PC, MT5 for Mac, MT5 WebTrader, MT5 for iPad, MT5 for iPhone, MT5 for Android, MT… STP/ECN $10 TradeQuo Social Trading (5.0/5) Open AccountView Profile
UMO Markets logoUMO Markets MT5 For Desktop, MT5 For Android, MT5 for iOS ECN/STP $10 Yes No reviews yet Open AccountView Profile
Valetax logoValetax 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
VistaForex logoVistaForex VistaForex MT5 for Windows, VistaForex MT5 for Mac OS, MetaTrader 5 for iOS MetaTrader 5 … ECN/STP $500 20% DEPOSIT TRADING BONUS PROGRAM No reviews yet Open AccountView Profile
VPFX logoVPFX MT5-VPFX MetaTrader, MT4-VPFX MetaTrader, MetaTrader-Google Play, MetaTrader-App Store STP/ECN $100 Free Trading Signals No reviews yet Open AccountView Profile
XbPrime logoXbPrime MetaTrader 5 (MT5) ECN/STP $100 Yes No reviews yet Open AccountView Profile
XBTFX LLC logoXBTFX LLC MT5 For Windows, MT5 for Mac, MT5 for iPhone, MT5 for Andr?id, MT5 for iPad MT5 for Andro… ECN /STD No Minimum Deposit amount 25% bonus on your equity No reviews yet Open AccountView Profile
XtreamForex logoXtreamForex MT4, MT5, cTrader (Mobile, Desktop and Web) STP/ECN $5 100% Credit Bonus No reviews yet Open AccountView Profile

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

  1. Compare brokers in the table above and shortlist two or three that match your platform and budget.
  2. Read the full review using "View Profile" to check regulation, fees and bonus rules.
  3. Open a demo account to test execution, spreads and the mobile app.
  4. Verify your identity with a passport or ID and a proof of address.
  5. 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 EU - $200, Global - $50 at Fxview. 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.

As a result, in 2010, they launched this incredible platform in the forex market. It is developed with more advanced and artificial intelligence than the MT4 platform. However, there are a few trading companies that are using this trading platform in the market. We have made a list of MT5 brokers. In this article, you will get the complete list.

MT5 is one of the best institutional multi-asset trading platforms where a trader can trade Forex, Stocks, Indices, and others using a simple web browser. Advanced technical analysis tools and automatic artificial intelligence trading robots are available for traders, which brings us to a new trading world. A trader can customize the platform as he wants. Overall, it's a genius trading invention from the company MetaQuotes.

Advantages of using the MT5 trading platform

There are a lot of advantages available on the MT5 platform. Here are some of them.

In the MT5 platform, you can use interactive graphs as you want. A trader can shift the interval from minutes to a day, which helps make the correct forecast against a currency.

A trader can trade Stocks, Futures, and Forex on a platform using a single web browser.

There are no extra extensions required to use the platform.

All operating systems can use the platform because it has been developed for Mac, Linux, and Windows with reliable data protection systems.

One of the most exciting features is the Netting and hedging position.

In MT5, traders can get the facility of pending and stop orders.

Customizable interface opportunity, which means a trader can customize the platform as he wants to look.

A trader will get all of the trading operations types in the MT5 platform.

One-click trading is available in only the MT5 platform.

There are nine timeframes, and three chart types are available for traders.

MT5 has 24 graphical objects and 30 extra indicators for technical analysis.

All Expert Advisors are allowed in the MT5 platform.

Which brokers are MT5 brokers?

There are a lot of brokers available in the market. Some of them are operating with their own platforms, and some of them are using MT4/MT5 trading platforms. Those brokers who provide trading services with Meta Trader 5 trading software, we are calling MT5 Brokers. You can get a lot of MT4 brokers in the forex market, but you won't find a lot of MT5 brokers. We have to make a complete list of MT5 brokers for traders to find a broker easily. Check the tool below and find your MT5 broker.

How to use the tool?

To find an MT5 broker by broker types like STP or STP/ECN, you have to click on the broker's type option. The tool will show the result as STP or STP ECN. You can also find a broker by minimum or maximum deposit. To find a broker by the minimum deposit, you have to click on the minimum deposit option. There is also a leverage option available to find a broker by the minimum or maximum leverage.

Whenever you click the first time on these options it will show you the minimum result to get the product as the maximum you have to click once again on the previous option. We are trying to bring some changes to find out a broker easily with all of their features. That's why we have developed this advanced tool, and we are still working on the tool to bring more unique features. Hope you will like our working criteria and stay with us.