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3 Best MT5 Forex Brokers in USA

Edited by: Louis Schoeman

Best Metatrader 5 Brokers

 

The 3 Best MT5 Forex Brokers for US Clients – Rated and Reviewed. We have listed the Best Forex Brokers with MT5 accepting traders in the United States.

BrokerWebsite
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In this in-depth guide, you will learn:

 

  • The Best MetaTrader 5 (MT5) Forex Brokers that Accept US Traders – a List
  • Is MT5 Forex Brokers Legit?
  • What is the MetaTrader 5 Minimum Deposit?
  • MT4 or MT5 – What is Best?
  • The Best MT5 Forex Brokers for Beginners in the USA.

 

and much, MUCH more!

 

3 Best MT5 Forex Brokers

 

3 Best MT5 Forex Brokers – a Comparison

 

🔎 Broker🚀 Open an Account🤝 Accepts US Clients💶 Min. Deposit
🥇 OANDA👉 Click Here✅YesNone
🥈 Forex.com👉 Click Here✅Yes50 USD
🥉 Trading.com👉 Click Here✅Yes50 USD

 

3 Best MT5 Forex Brokers in the USA (2024)

 

  1. ☑️ Oanda – Overall, The Best MT5 Forex Broker in the US.
  2. ☑️ Forex.com – The Best Forex Broker for Beginners.
  3. ☑️ Trading.com – Best New Online Trading Experience for US traders.

 

 

OANDA

 

OANDA

OANDA is an award-winning Forex and CFD service provider with a global reach. The Broker is regulated by several global entities, including the NFA. Moreover, US Clients are accepted without restriction. The OANDA account selection includes:

 

  • Standard Account
  • Core Account
  • Premium Account
  • Premium Core Account

 

No Minimum deposit is required to open an OANDA live trading or demo account. In addition, Islamic, Swap-Free trading is supported.

 

🔎 Broker🥇 OANDA
💶 Minimum DepositNone
📌 Account TypesStandard, Elite Trader
🆓 Demo Account✅Yes
🎁 Bonus Offers✅Yes
✏️ Education✅Yes
📲 Mobile Trading✅Yes
🖱️ Trading PlatformMetaTrader 4
🚀Open an Account👉 Click Here

 

OANDA Overview

 

Trading Platforms

Trading Platforms supported include MetaTrader 4, MetaTrader 5, and, the FxTrade Mobile App. Notable factors and features of the MT5 option include:

 

  • Available for Web, Desktop, and Mobile
  • Advanced Trading Tools
  • Improved Charting Capabilities
  • One-Click Trading
  • Automated Trading Strategies

 

and much more!

 

Oanda MetaTrader 5

 

Pros and Cons

 

✅ Pros❌ Cons
Great trading platformsOnly FX and CFD available for most clients
Outstanding research toolsLacking Customer Support
Low trading feesInactivity fee

 

Our Insights

OANDA offers a good overall trading platform selection. Beginner and Established Traders will benefit from MetaTrader 5 and its impressive list of features.

 

Forex.com

 

Forex.com

Forex.com is a trusted Brokerage regulated by several entities. Regulations by renowned and trusted agencies include the CFTC. Account Types supported are:

 

  • Spread Only Account
  • RAW Pricing Account
  • MT4 Account
  • MT5 Account
  • Corporate Account

 

In addition, a Virtually Funded Demo Account is available. The Minimum Deposit required to open a Forex.com Live Trading account is 100 USD.

 

🔎 Broker🥇Forex.com
💰 Min. Deposit$100 USD
📈 Spreads from0.1
📉 Commissions✅ Yes
💴 Inactivity Fee✅ Yes
💶 Deposit Fee✅ Yes - Third-Party
💵 Withdrawal Fee✅ Yes - Third-Party
💻 Trading PlatformsMT4, MT5, Proprietary
🆓 Demo Account✅ Yes
🚀 Open an Account👉 Click Here

 

Forex.com Overview

 

Trading Platforms

Trading Platforms supported by Forex.com include TradingView, MetaTrader 4, and, MetaTrader 5.  In addition, a proprietary online Trading Platform and Mobile App is available for download. Notable factors and Features of MetaTrader 5 include:

 

  • Access to 15 Custom Indicators
  • Over 300 CFD Stocks
  • Simple Search Function
  • Nine EAs including Sentiment Trader
  • Over 20 Trading Tools

 

and much more!

 

Forex.com Trading Platforms

 

Pros and Cons

 

✅Pros❌Cons
Low Forex FeesLimited to Forex and CFDs
Variety of Currency PairsHigh Stock CFD fees
Diverse technical toolsNot user friendly

 

Our Insights

Broker Highlights include a good selection of proprietary and third-party trading platforms. Moreover, the Broker is well-known for its Financial Transparency.

 

Trading.com

 

Trading.com

Trading.com is a well-regulated and Popular Forex and CFD Broker in the United States, and, across the Globe. In addition, it is a registered RFED with CFTC and a Member of the NFA. An all-in-one, T1 Account is available, with a 50 USD Minimum deposit requirement.

In addition, an Islamic, Swap-Free Account and Demo Trading Option are available.

 

🔎 Broker🥇 Trading.com
💴 Min. Deposit50 USD
⏰ Customer Support24/5
4️⃣ MetaTrader 5✅Yes
5️⃣ MetaTrader 4None
🎁 No Deposit Bonus✅Yes
⭐ AccountsT1 Account
☪️ Islamic Option✅Yes
🆓 Demo Account✅Yes
🚀Open an Account👉 Click Here

 

Trading.com Overview

 

Trading Platforms

Trading Platforms supported by Trading.com include WebTrader, a Proprietary Mobile App, and, MetaTrader 5. Notable Features of MT5 include:

 

  • Access to Over 21 Timeframes
  • A comprehensive list of Technical Indicators
  • Drawing Tools
  • Ability to create synthetic currency pairs and custom indices
  • Fast Response Times
  • Efficient Order Processing

 

and much more!

 

Trading.com Trading Platforms

 

Pros and Cons

 

✅Pros❌Cons
Bonus OffersSingle Account Option
Low Min. DepositLimited Trading Platforms
MetaTrader 5No MetaTrader 4

 

Our Insights

The Benefits of Trading.com include access to Bonus Offers, Educational Resources, and, Responsive Customer Support. However, the Broker offering is limited to a single trading account and a limited selection of trading platforms.

 

MT5 Trading Platforms

 

What is MetaTrader 5?

MT5 or MetaTrader 5 is a platform for Forex, Stocks, CFDs, and, Futures trading. Key benefits of using MT5 include Advanced Trading Tools, Enhanced Charting capabilities, and, comprehensive analytical tools.

 

What is MetaTrader 5?

 

In Conclusion

MetaTrader 5 (MT5) offers access to a wide range of Technical Tools and Indicators, automated trades, Expert Advisors (EAs), and, trading Robots. It is available to both Novice and experienced traders.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker
🥈Read ReviewFSCA, IFSC, ASIC, CySEC, DFSA, FCAUSD 5Visit Broker
🥉Read ReviewFCA, FSCA, FSC, CMAUSD 10Visit Broker
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker
5Read ReviewFSC, FSA, VFSCUSD 10Visit Broker
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker

 

Our Insights

While reviewing the Best MetaTrader 5 Forex Brokers that accept US Traders, we found 3 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.

 

You might also like:

 

OANDA Review

The Best USA Forex Brokers

The Best CFTC Forex Broker

 

Faq

MT5 or MetaTrader 5 is a platform for Forex, Stocks, CFDs, and, Futures trading.

Key benefits of using MT5 include Advanced Trading Tools, Enhanced Charting capabilities, and, comprehensive analytical tools.

MetaTrader 4 and MetaTrader 5 are available.

Broker Regulations by renowned and trusted agencies include the CFTC, and, it accepts US Clients.

The Trading.com minimum deposit is 50 USD.

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