10 Best MetaTrader 5 Forex Brokers
The 10 Best MetaTrader 5 Forex Brokers revealed. We have explored and tested several prominent brokers to identify the Top 10 MT5 Forex Brokers.
10 Best MetaTrader 5 (MT5) Forex Brokers (2025)
- Vantage Fx – Overall, The Best MetaTrader 5 Forex Broker
- AvaTrade – Comprehensive educational resources
- Pepperstone – Fast and reliable trade execution
- BlackBull Markets – multiple platforms like MetaTrader 4/5, cTrader, & TradingView
- FP Markets – Access to a wide range of markets
- IC Markets – MetaTrader 5 (MT5) platform with raw spreads from 0.0 pips
- XM – Low spreads and multiple account types
- HFM – MetaTrader 5 (MT5) platform offers superior analysis tools
- FXTM – MT5 has additional chart timeframes and features
- FXPro– Advanced order types, and robust analytical tools
Top 10 Forex Brokers (Globally)*
1. Vantage Fx
Vantage FX is a regulated forex and CFD broker providing MetaTrader 5 (MT5) with access to spreads from 0.0 pips, rapid ECN execution, and leverage up to 1:500.
Traders can select between Standard STP and Raw ECN accounts, trade over 1,000 instruments—including forex, commodities, indices, shares, and cryptocurrencies—and benefit from low commissions, negative balance protection, and advanced mobile trading capabilities.
| Broker | Vantage Fx |
| Regulation | 🇦🇺 ASIC 🇬🇧 FCA 🇿🇦 FSCA 🇻🇺 VFSC 🇰🇾 CIMA 🇲🇺 FSC |
| Minimum Deposit | 50 USD |
| Spreads From | 0.0 pips |
| Commissions | Yes |
| Swap Fees | Yes |
| Leverage | Up to 1:500 |
| Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) ProTrader (TradingView) WebTrader Mobile apps |
| CFDs Total | 1,000+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review |  |
| Trade Now |  |
Frequently Asked Questions
Is Vantage FX suitable for beginners?
Yes, Vantage is considered suitable for beginners. They offer a low minimum deposit of $50 for their Standard account, extensive educational resources, and user-friendly platforms like MT4/MT5. These features, along with copy trading options, make it accessible for new traders.
What platforms are supported?
Vantage supports several popular trading platforms. These include the industry-standard MetaTrader 4 and MetaTrader 5, both available on desktop, web, and mobile. They also offer their proprietary ProTrader platform and the dedicated Vantage App for mobile trading and account management.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Tight spreads from 0.0 pips | Commissions apply |
| Supports MT4, MT5, and TradingView | Limited product range |
| Regulated by top-tier authorities | Inactivity fees |
| Low minimum deposit | Leverage may be restricted |
| Wide range of CFDs | Customer service may be slow |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐☆☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐☆☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐☆☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐☆☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐☆☆ |
Our Insights
Vantage FX is an authorized and reliable forex broker offering zero-spread trading, MT5 support, and strong regulation. With low deposits and fast execution, it’s ideal for traders seeking transparent pricing and a secure trading environment.
2. AvaTrade
AvaTrade, an internationally regulated forex and CFD broker, fully supports MetaTrader 5 (MT5). Traders have access to more than 1,250 instruments—including forex, stocks, indices, commodities, and cryptocurrencies—with spreads starting at 0.9 pips and zero commission fees.
| ✓ Pros | ✕ Cons |
| Regulation | 🇮🇪 CBI 🇻🇬 BVI 🇦🇺 ASIC 🇿🇦 FSCA 🇸🇨 FSA 🇦🇪 FSRA/ADGM 🇯🇵 FSA/FFAJ 🇮🇱 ISA 🇵🇱 KNF 🇨🇦 IIROC/CIRO 🇨🇴 FSC |
| Minimum Deposit | 100 USD |
| Spreads From | 0.9 pips |
| Commissions | None |
| Swap Fees | Yes |
| Leverage | Yes |
| Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) AvaTradeGO WebTrader DupliTrade ZuluTrade |
| CFDs Total | 1,250+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
Does AvaTrade offer MetaTrader 5 (MT5)?
Yes, AvaTrade fully supports MetaTrader 5 (MT5). This advanced platform is available for desktop, web, and mobile, offering enhanced analytical tools, more timeframes, and a wider range of tradable assets compared to MT4, making it suitable for diverse trading strategies.
Is AvaTrade suitable for beginners?
Yes, AvaTrade is widely considered suitable for beginners. They offer extensive educational resources through AvaAcademy, including videos and articles. A user-friendly interface on their platforms and dedicated customer support help new traders get started and learn effectively.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Regulated globally | No raw spread accounts |
| Commission-free trading | $100 minimum deposit |
| Supports MT4 & MT5 platforms | Limited customizability |
| Over 1,250+ tradable instruments | Inactivity fee |
| Negative balance protection | Fixed leverage in some regions |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
AvaTrade is a legit, globally regulated broker offering commission-free trading, MT5 support, and access to over 1,250 instruments. With strong safety measures and user-friendly platforms, it’s ideal for both beginners and experienced traders.
3. Pepperstone
Pepperstone is a globally trusted forex and CFD broker offering MetaTrader 5 (MT5) with ultra-low spreads from 0.0 pips, fast execution, and leverage up to 1:500 (varies by region).
| Broker | Pepperstone |
| Regulation | 🇬🇧 FCA 🇩🇪 BaFin 🇨🇾 CySEC 🇦🇺 ASIC 🇦🇪 DFSA 🇰🇪 CMA 🇧🇸 SCB |
| Minimum Deposit | 0 USD |
| Spreads From | 0.0 pips |
| Commissions | Yes |
| Swap Fees | Yes |
| Leverage | Up to 1:500 |
| Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) cTrader TradingView Mobile apps |
| CFDs Total | 1,200+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
Does Pepperstone offer swap-free (Islamic) accounts?
Yes, Pepperstone offers swap-free (Islamic) accounts. These accounts are designed to comply with Sharia law, meaning no overnight interest (swaps) are charged or credited. However, an administrative fee may apply to leveraged positions held for more than five days.
Does Pepperstone offer MetaTrader 5 (MT5)?
Yes, Pepperstone fully supports MetaTrader 5 (MT5). It’s available across desktop, web, and mobile devices, offering enhanced features like more timeframes, additional analytical tools, and a wider range of tradable assets, making it a powerful option for advanced traders.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Regulated by multiple top-tier authorities | No proprietary trading platform |
| Tight spreads from 0.0 pips | Commission applies |
| Supports multiple platforms | Limited educational content |
| Over 1,200 CFDs | No cent or micro accounts |
| Fast execution and low latency | Leverage restrictions |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐☆☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐☆☆ |
Our Insights
Pepperstone is a legal, globally regulated broker offering tight spreads, MT5 support, and fast execution. It’s ideal for serious traders seeking low-cost trading, though beginners may prefer platforms with more educational resources.
Top 3 MetaTrader 5 (MT5) Forex Brokers – Compared
| Broker |  |  |  |
| Regulators | 🇦🇺 ASIC 🇬🇧 FCA 🇿🇦 FSCA 🇻🇺 VFSC 🇰🇾 CIMA 🇲🇺 FSC | 🇮🇪 CBI 🇻🇬 BVI 🇦🇺 ASIC 🇿🇦 FSCA 🇸🇨 FSA 🇦🇪 FSRA/ADGM 🇯🇵 FSA/FFAJ 🇮🇱 ISA 🇵🇱 KNF 🇨🇦 IIROC/CIRO 🇨🇴 FSC | 🇬🇧 FCA 🇩🇪 BaFin 🇨🇾 CySEC 🇦🇺 ASIC 🇦🇪 DFSA 🇰🇪 CMA 🇧🇸 SCB |
| Year Established | 2009 | 2006 | 2010 |
| Execution Type(s) | STP/ECN | Market Execution STP | ECN-style NDD STP |
| Minimum Deposit | 50 USD | 100 USD | 0 USD |
| Average Trading Cost EUR/USD | $7.00 per lot | Average Spread: 0.9 pips | $7.00 per lot |
| Commissions | Yes | None | Yes |
| Crypto Trading | Yes | Yes | Yes |
| Swap Fees | Yes | Yes | Yes |
| Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) ProTrader (TradingView) WebTrader Mobile apps | MetaTrader 4 (MT4) MetaTrader 5 (MT5) AvaTradeGO WebTrader DupliTrade ZuluTrade | MetaTrader 4 (MT4) MetaTrader 5 (MT5) cTrader TradingView Mobile apps |
| CFDs Offered | 1,000+ | 1,250+ | 1,200+ |
| Islamic Account | Yes | Yes | Yes |
| Negative Balance Protection | Yes | Yes | Yes |
| Account Segregation | Yes | Yes | Yes |
| Investor Protection Scheme | Yes | Yes | Yes |
| Trade Now |  | | |
4. BlackBull Markets
BlackBull Markets is a New Zealand-based forex and CFD broker offering full support for MetaTrader 5 (MT5). It provides access to over 26,000 tradable instruments, including forex, shares, indices, and commodities.
| Broker | BlackBull Markets |
| Regulation | 🇳🇿 FMA 🇦🇺 ASIC 🇸🇨 FSA |
| Minimum Deposit | 0 USD |
| Spreads From | 0.0 pips |
| Commissions | Yes |
| Swap Fees | Yes |
| Leverage | Up to 1:500 |
| Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) WebTrader Mobile Apps TradingView |
| CFDs Total | 26,000+ |
| Account Segregation | Yes |
| Negative Balance Protection | None |
| Investor Protection Schemes | None |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
Does BlackBull Markets offer MT5?
Yes, BlackBull Markets fully supports MetaTrader 5 (MT5). It’s available for desktop, web, and mobile, offering advanced charting tools, more timeframes, and a broader range of tradable assets. This makes it a powerful platform for various trading strategies.
Does BlackBull charge commissions?
Yes, BlackBull Markets charges commissions on some account types, particularly their ECN Prime ($6 per lot round turn) and ECN Institutional ($4 per lot round turn) accounts, which feature tighter spreads from 0.0 pips. However, their ECN Standard account is commission-free.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Supports MT5, MT4, TradingView, and mobile platforms | No guaranteed negative balance protection |
| Zero spreads | No Investor compensation schemes |
| High leverage | Limited education and research tools |
| Regulated by FMA | No proprietary trading platform |
| Islamic (swap-free) accounts | Customer support availability may vary |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
BlackBull Markets is an approved ECN broker offering MT5 access, zero-spread trading, and over 26,000 instruments. Experienced traders find it well-suited, though beginners may face challenges due to limited protection and higher deposit requirements.
5. FP Markets
FP Markets is a globally regulated forex and CFD broker offering full support for MetaTrader 5 (MT5). Traders can access over 10,000 instruments, including forex, shares, indices, and commodities, with spreads from 0.0 pips and leverage up to 1:500.
| Broker | FP Markets |
| Regulation | 🇦🇺 ASIC 🇨🇾 CySEC 🇿🇦 FSCA 🇸🇨 FSA 🇲🇺 FSC 🇰🇪 CMA 🇧🇸 SCB 🇻🇨 FSA |
| Minimum Deposit | 100 USD |
| Spreads From | 0.0 pips |
| Commissions | Yes |
| Swap Fees | Yes |
| Leverage | Up to 1:500 |
| Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) IRESS WebTrader Mobile trading apps |
| CFDs Total | 10,000+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
What is the minimum deposit required?
FP Markets requires a minimum deposit of AUD 100 (or equivalent in other currencies) for both its Standard and Raw MT4/MT5 account types. This relatively low entry point makes it accessible for beginners looking to start live trading.
Does FP Markets offer MetaTrader 5 (MT5)?
Yes, FP Markets fully supports MetaTrader 5 (MT5). It’s available across multiple devices, including desktop, web browsers, and mobile. MT5 offers advanced charting, more timeframes, and a broader range of tradable assets, making it a versatile platform for traders.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Tight Spreads from 0.0 pips | High withdrawal fees |
| Regulated by ASIC & CySEC | No proprietary trading platform |
| Supports MetaTrader 4, 5 & IRESS | IRESS platform requires higher minimum deposit |
| Fast execution speeds | Limited educational content |
| Wide range of tradable assets | No bonuses or promotions |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐⭐ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐☆☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐☆☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
FP Markets is a registered and well-regulated broker offering competitive spreads and robust trading platforms. While best suited for experienced traders, its features may be less ideal for beginners due to additional fees and complexity.
6. IC Markets
IC Markets is a globally trusted CFD broker offering ultra-low spreads from 0.0 pips, fast execution, and support for MetaTrader 4, MetaTrader 5 (MT5), and cTrader platforms. The MT5 platform enhances trading with advanced charting, integrated market depth, and support for automated strategies.
| Broker | IC Markets |
| Regulation | 🇨🇾 CySEC 🇦🇺 ASIC 🇸🇨 FSA |
| Minimum Deposit | 200 USD |
| Spreads From | 0.0 pips |
| Commissions | Yes |
| Swap Fees | Yes |
| Leverage | Up to 1:500 |
| Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) cTrader TradingView |
| CFDs Total | 2,300+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
Does IC Markets support MetaTrader 5 (MT5)?
Yes, IC Markets strongly supports MetaTrader 5 (MT5). It is even marked as “RECOMMENDED” on their website. MT5 is available for desktop (Windows/Mac), web, and mobile (iOS/Android), offering advanced features for comprehensive trading and analysis.
Does IC Markets offer an Islamic account?
Yes, IC Markets offers Islamic accounts, also known as swap-free accounts. IC Markets offers swap-free (Islamic) accounts on both their Raw Spread and Standard account types across MetaTrader 4, MetaTrader 5, and cTrader platforms to accommodate clients who cannot pay or receive interest due to their religious beliefs.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Tight spreads from 0.0 pips | Not available to U.S. clients |
| Regulated by ASIC, CySEC, and FSA | $200 minimum deposit |
| Supports MT4, MT5, cTrader, and TradingView | Limited educational tools |
| Fast execution | No proprietary platform |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
IC Markets is an authorized and globally trusted broker offering low spreads, fast execution, and advanced platforms. While ideal for experienced traders, beginners may find limited protection and educational support under certain jurisdictions.
7. XM
XM is an internationally renowned forex and CFD broker that provides access to more than 1,000 financial instruments, including forex, stocks, indices, commodities, and cryptocurrencies. Supporting both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, XM serves traders of all experience levels.
| Broker | XM |
| Regulation | 🇨🇾 CySEC 🇦🇺 ASIC 🇦🇪 DFSA 🇿🇦 FSCA 🇧🇿 FSC 🇲🇺 FSC 🇸🇨 FSA |
| Minimum Deposit | 5 USD |
| Spreads From | 0.6 pips |
| Commissions | Yes |
| Swap Fees | Yes |
| Leverage | Up to 1:1000 |
| Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) XM WebTrader |
| CFDs Total | 1,000+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
Does XM offer MetaTrader 5 (MT5)?
Yes, XM strongly supports MetaTrader 5 (MT5). It is available for download across various operating systems, including Windows and Mac, as well as for web browsers and mobile devices, providing advanced trading features and tools for a diverse range of instruments.
Is XM good for beginners?
Yes, XM is considered very good for beginners. They offer a low minimum deposit, Micro accounts allowing smaller trade sizes, extensive educational resources like webinars and tutorials, and 24/5 multilingual customer support, which are all beneficial for new traders.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Regulated in multiple jurisdictions | High spreads |
| Low minimum deposit | No support for ECN trading |
| Supports MT4 & MT5 platforms | Inactivity fees |
| Over 1,000 CFDs | Limited crypto CFD offerings |
| Leverage up to 1:1000 | No proprietary trading platform |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐⭐ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐☆☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
XM is a legit and globally regulated broker offering low entry requirements, strong platform support, and negative balance protection. It’s ideal for beginners, though experienced traders may seek tighter spreads and advanced trading features elsewhere.
8. HFM
HFM, a globally regulated forex and CFD broker, offers the advanced MetaTrader 5 (MT5) platform. MT5 provides traders with enhanced tools, faster execution, and access to a wide range of financial instruments.
| Broker | HFM |
| Regulation | 🇬🇧 FCA 🇨🇾 CySEC 🇦🇪 DFSA 🇿🇦 FSCA 🇸🇨 FSA 🇲🇺 FSC 🇰🇪 CMA |
| Minimum Deposit | 5 USD |
| Spreads From | 0.0 pips |
| Commissions | Yes |
| Swap Fees | Yes |
| Leverage | Up to 1:2000 |
| Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) HFM App |
| CFDs Total | 1200+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
Does HFM offer Islamic (swap-free) accounts?
Yes, HFM offers Islamic (swap-free) accounts across several of its account types. These accounts eliminate overnight swap charges to comply with Sharia law, though some instruments might incur carry charges after a sequential period of days.
What trading platforms does HFM offer?
HFM offers a variety of trading platforms. These include the globally popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). They also provide their dedicated HFM Platform via their mobile app for convenient trading on the go.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Multi-regulated | Complex Regulation Structure |
| Low Minimum Deposit | Limited Product Range |
| Variety of Account Types | Inactivity Fee |
| Tight Spreads | No Proprietary Desktop Platform |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐☆☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐⭐ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
HFM is a legal and well-regulated broker offering low spreads, flexible account types, and powerful platforms like MT5. With strong global oversight and solid protection features, it suits both beginner and advanced traders.
9. FXTM
FXTM is a globally regulated broker offering trading on MT4 and MT5 platforms. It provides low minimum deposits, competitive spreads, and multiple account types. FXTM supports forex, commodities, indices, and stock CFDs, with fast execution and negative balance protection.
| Broker | FXTM |
| Regulation | 🇬🇧 FCA 🇨🇾 CySEC 🇿🇦 FSCA 🇲🇺 FSC 🇰🇪 CMA 🇦🇪 SCA |
| Minimum Deposit | 200USD |
| Spreads From | 0.0 pips |
| Commissions | Yes |
| Swap Fees | Yes |
| Leverage | Up to 1:2000 |
| CFDs Total | 250+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
Is FXTM good for beginners?
Yes, FXTM is generally considered good for beginners. They offer a Micro Account with a low minimum deposit, extensive educational resources like guides and webinars, and user-friendly platforms that make starting in forex trading more accessible.
Is FXTM accessible on mobile?
Yes, FXTM is highly accessible on mobile devices. They offer their own FXTM Trader App for convenient trading and account management. Additionally, traders can access their accounts via the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) mobile apps.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Multi-regulated Broker | Inactivity Fees |
| Low Minimum Deposit | Limited Product Offering |
| MT4 and MT5 Support | Commission on Advantage Account |
| Tight Spreads and Low Commissions | No Proprietary Desktop Platform |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐☆☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐⭐ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
FXTM is a well-regulated and approved broker offering competitive spreads, flexible account types, and robust MT4/MT5 platforms. Its strong global oversight and trader protections make it a reliable choice for both beginners and professionals.
10. FXPro
FXPro offers the MetaTrader 5 (MT5) platform, a popular industry choice that delivers advanced features beyond its predecessor, MT4. MT5 is designed for Expert Advisor (EA) trading and enables trading thousands of CFD instruments all from one platform.
| Broker | FXPro |
| Regulation | 🇬🇧 FCA 🇨🇾 CySEC 🇿🇦 FSCA 🇧🇸 SCB 🇸🇨 FSA |
| Minimum Deposit | 100 USD |
| Spreads From | 0.0 pips |
| Commissions | Yes |
| Swap Fees | Yes |
| Leverage | Up to 1:500 |
| Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) cTrader FxPro Edge |
| CFDs Total | 2,000+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
Does FxPro offer MetaTrader 5 (MT5)?
Yes, FxPro fully supports MetaTrader 5 (MT5). It is available across various devices, including desktop (Windows and Mac), web browsers, and mobile. MT5 offers enhanced features such as more timeframes, additional analytical tools, and a broader range of tradable assets.
Does FxPro offer a demo account?
Yes, FxPro offers free demo accounts. They allow you to practice trading with virtual funds in a risk-free environment, simulating real market conditions. You can open unlimited demo accounts via FxPro Direct, and they are available across all their platforms.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Multi-regulated | $100 Minimum Deposit |
| Diverse Trading Platforms | Commissions on Raw+ Account |
| Tight Spreads | No Bonuses or Promotions |
| Negative Balance Protection | Limited Educational Content |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
FxPro is a registered and globally regulated broker offering advanced platforms like MT5, competitive spreads, and negative balance protection. It suits both beginners and pros seeking a reliable and transparent trading environment.
What is a MetaTrader 5 (MT5) Forex Broker?
A MetaTrader 5 (MT5) Forex broker is a financial services firm that provides access to the MetaTrader 5 trading platform for trading foreign exchange (forex) and other CFDs (Contracts for Difference), such as stocks, indices, commodities, and cryptocurrencies.
Criteria for Choosing a MetaTrader 5 (MT5) Forex Broker
| Criteria | Description | Importance |
| Regulation & Licensing | Ensure the broker is licensed by reputable authorities (e.g., FCA, CySEC, ASIC). | ⭐⭐⭐⭐⭐ |
| MT5 Platform Availability | Confirm full MT5 support across desktop, web, and mobile devices. | ⭐⭐⭐⭐⭐ |
| Spreads & Commissions | Look for tight spreads and low commission structures to reduce trading costs. | ⭐⭐⭐⭐☆ |
| Execution Speed | Fast, reliable order execution prevents slippage and improves strategy results. | ⭐⭐⭐⭐☆ |
| Asset Variety | Brokers offering a wide range of CFDs (forex, stocks, crypto, etc.) on MT5. | ⭐⭐⭐⭐☆ |
| Deposit & Withdrawal Options | Multiple, fast, and low fee funding and withdrawal methods. | ⭐⭐⭐⭐☆ |
| Customer Support | Responsive, 24/5 or 24/7 support via live chat, email, or phone. | ⭐⭐⭐⭐☆ |
| Account Types | Multiple account types (e.g., Standard, Raw Spread, Islamic) to suit traders. | ⭐⭐⭐⭐☆ |
| Leverage Options | Competitive leverage offerings, adjusted for risk and regulation. | ⭐⭐⭐⭐☆ |
| Education & Tools | Broker provides training, analysis, and trading tools tailored to MT5. | ⭐⭐⭐⭐☆ |
| Reputation & Reviews | Check user reviews, industry awards, and broker history. | ⭐⭐⭐⭐☆ |
| Security of Funds | Segregated client accounts, negative balance protection, and compensation schemes. | ⭐⭐⭐⭐⭐ |
Top 10 Best MetaTrader 5 (MT5) Forex Brokers – A Direct Comparison
| Competitive pricing Copy trading Proprietary Vantage app | | |
| Advanced features on MT5 platform Multi-asset trading One-click trading | | |
| Ultra-fast execution Competitive pricing Spreads from 0.0 pips | | |
 | Powerful analytical tools Advanced order execution No minimum deposit for MT5 | | |
 | Powerful MetaTrader 5 (MT5) platform Access to multiple asset User-friendly interface | | |
 | Spreads from 0.0 pips Level II Pricing Mobile Trading | | |
 | Faster execution speeds Multi-asset trading Built-in economic calendar Educational resources | | |
 | MT5 supports a variety of order types Trade All HFM Assets One-Click Trading | | |
 | Tight spreads Powerful platforms Segregated and insured accounts | | |
 | Advanced order types Multi-threaded strategy tester Robust and flexible trading environment | | |
What Real Traders Want to Know!
Explore the Top Questions asked by real traders across the Globe. From the difference between MT4 and MT5 to the types of instruments traded on MT5, we provide straightforward answers to help you understand MetaTrader 5 and choose the right broker confidently.
Q: Why should I choose MT5 over MT4 for my forex trading? – Michael A.
A: MT5 offers more timeframes (21 vs. 9), additional built-in indicators (38 vs. 30), an integrated economic calendar, and the ability to trade more asset classes like stocks and futures CFDs, making it a more comprehensive multi-asset platform.
Q: Can I trade all types of instruments (Forex, stocks, crypto) on MT5 with brokers? – Jessica R.
A: Yes, MT5 is a multi-asset platform, so brokers can offer CFDs on various instruments including forex, stocks, indices, commodities, and cryptocurrencies all from a single platform. Its design supports centralized exchange trading too.
Q: Are Expert Advisors (EAs) or indicators developed for MT4 compatible with MT5? – Daniel B.
A: No, MT4 EAs and indicators are generally not directly compatible with MT5. MT4 uses MQL4, while MT5 uses MQL5, a more advanced programming language. EAs usually need to be rewritten or converted for MT5.
Q: Does MT5 allow hedging, or is it strictly netting? – Sophia G.
A: MT5 supports both hedging and netting modes. Brokers can configure their MT5 servers to allow hedging (opening opposite positions on the same instrument), which was a common concern for MT4 users transitioning to MT5.
Q: How many timeframes and indicators does MT5 offer compared to MT4? – Liam C.
A: MT5 significantly expands on MT4, offering 21 timeframes (including M2, M3, M4, M6, M10, etc.) compared to MT4’s 9. It also boasts 38 built-in technical indicators versus MT4’s 30, providing more in-depth analysis.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Multi-Asset Support | Limited Broker Adoption |
| Advanced Charting Tools | Learning Curve |
| Faster Execution | No Backward Compatibility |
| Built-in Economic Calendar | Less Community Support than MT4 |
| Hedging & Netting Options | Heavier System Requirements |
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In Conclusion
MetaTrader 5 Forex brokers offer advanced tools, multi-asset trading, and faster execution, making them ideal for modern traders. While less widely adopted than MT4, MT5’s powerful features provide a superior, future-ready trading experience.
Faq
Most major and reputable forex brokers now offer MT5 alongside MT4. While MT4 remains popular, MT5’s adoption has grown significantly, and it’s widely available from leading brokers for diverse trading needs.
Yes, MT5’s enhanced features, faster execution capabilities (especially with ECN brokers), and more granular timeframes make it highly suitable for scalping, day trading, and other high-frequency strategies where speed and precision are critical.
MetaTrader 5 uses MQL5 (MetaQuotes Language 5). MQL5 is a more advanced and object-oriented programming language compared to MQL4, offering more functionalities and improved performance for complex algorithmic trading.
The MT5 mobile app is very robust, offering real-time quotes, charting tools, order management, and account functions. While advanced features like backtesting or complex EA optimization are desktop-exclusive, mobile MT5 is excellent for monitoring and executing trades.
MT5 is highly customizable. Traders can extensively modify chart settings, color schemes, add custom indicators and Expert Advisors, and save templates and profiles. This allows for a personalized trading environment tailored to individual preferences.
