1
9.6Score
ℹ️
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Best MT5 Brokers
Independently reviewed and ranked by our editorial team.
Introduction
MetaTrader 5 is a multi-asset trading platform used for forex, stocks, indices, commodities and other financial markets, depending on what each broker offers. It builds on MT4 with more order types, 21 timeframes, additional analytical tools, an integrated economic calendar and more advanced strategy-testing capabilities.
The platform also supports automated trading through Expert Advisors written in MQL5. However, the quality of the trading experience still depends on the broker providing access to MT5. Regulation, spreads, commissions, execution quality and account conditions can vary significantly between providers.
This guide compares the best MT5 brokers for 2026 based on their overall Editorial Scores.
How We Ranked the Best MT5 Brokers
Only brokers identified in our database as offering MetaTrader 5 are eligible for this ranking. They are ordered from the highest Editorial Score to the lowest.
Each broker is assessed across five core areas:
- Safety and regulation
- Fees and overall trading costs
- Platform quality and trading experience
- Research and educational resources
- Customer support
We compare brokers regulated by authorities such as the FCA, ASIC and CySEC alongside practical factors that affect the trading experience, including execution quality, spreads, commissions, platform choice and available account protections.
Some brokers offer both MT4 and MT5, but this does not make the platforms interchangeable. Traders should consider the instruments they want to trade, the tools they require and whether their existing indicators or Expert Advisors are compatible with MT5.
The highest-ranked broker will not necessarily suit every trader. Before opening an account, confirm the broker’s legal entity, regulatory status and trading conditions available in your country.
1ATFX
Pros
- Scores high for safety, execution quality, and support.
- Regulated by the FCA (UK), ASIC (Australia), SFC (Hong Kong), CySEC (Cyprus), CMA (UAE), SFC (Colombia), FSCA (South Africa), SERC (Cambodia), FSC (Mauritius), FSA (Seychelles)
- In-depth educational content, with webinars and courses.
- Fast, reliable trade execution with minimal slippage reported in independent testing
- Quick trade execution, showing minimal slippage in tests.
- 24/5 customer service that's quick to respond, available in many languages
- Free market analysis and daily commentary from a professional in-house analyst research team.
Cons
- Charges an inactivity fee if you don't trade for three months
- Has fewer assets than larger competitors.
- Doesn't accept clients from the United States.
- Fixed-spread accounts have higher trading fees than raw accounts.
2IC Markets
2
9.5Score
Pros
- True ECN pricing from many liquidity providers
- Spreads can be as low as 0.0 pips on the Raw Spread account during peak hours
- Order execution is very fast, often under 40 milliseconds
- High maximum leverage is available for eligible accounts
- Deep liquidity helps with larger trades, limiting slippage
- You can choose from MT4, MT5, cTrader, and TradingView
Cons
- Requires a higher minimum deposit than some competing platforms.
- Raw accounts charge a commission fee in addition to market spreads
- Limited proprietary research or in-house market analysis tools
3Pepperstone
3
9.4Score
Pros
- Raw spreads start at 0.0 pips on the Razor account
- Four platforms: MT4, MT5, cTrader, and TradingView
- No minimum deposit requirement, lowering the barrier to entry
- Fast execution speed in independent tests
- Regulated in four jurisdictions
- Copy-trading and social-trading options available
Cons
- The Razor account charges commission per lot, in addition to raw spreads
- No proprietary desktop trading platform
- Its educational content is lighter than some competitors', particularly for beginners
- Standard account spreads are wider than those on the commission-based Razor tier
4Exness
4
9.1Score
Pros
- Withdrawals are processed instantly for most payment methods.
- A low minimum deposit, only $10
- Regulated in several jurisdictions, including the FCA and CySEC.
- Flexible account currencies and local funding methods are available.
- Transparent, publicly displayed real-time trading statistics on its website
- Wide range of account currencies and flexible funding options
Cons
- Very high maximum leverage poses extreme financial risk for beginners
- Account features vary by regional entity
- It lacks advanced in-house market analysis and research software.
5FP Markets
5
9.0Score
Pros
- Long operating history since 2005 under regulated entities
- Competitive raw spreads from 0.0 pips on the Raw account
- Wide range of CFDs including individual shares
- Strong regulatory footprint spanning ASIC, CySEC, and FSCA
- Consistent execution quality reported across independent broker reviews
Cons
- The website and trading platform interface feel less modern than some newer competitors.
- Customer support response times can vary by region and time zone.
- It relies on MT4 and MT5 instead of a proprietary next-generation platform.
- The website and trading platform interface feel less modern than some newer competitors.
6XM
6
8.9Score
Pros
- A low $5 minimum deposit makes trading accessible to many.
- They offer free daily webinars and educational materials in multiple languages.
- Market execution account tiers have a no-requotes policy.
- Standard negative balance protection keeps accounts from going below zero.
- It's been operating globally since 2009, giving it a long track record
Cons
- Spreads are wider than ECN competitors on the Standard account.
- Only MT4 and MT5 platforms are available. o cTrader or proprietary desktop platform — MT4/MT5 only
- Very high maximum leverage might encourage excess risk.
- Withdrawal processing can take longer than a day for some methods.
7AvaTrade
7
8.8Score
Pros
- Regulated across several international jurisdictions.
- Intuitive AvaTradeGO mobile app, good for newer users.
- Fixed-spread account options provide cost predictability during volatile news events
- Built-in risk management tools including AvaProtect, a downside-protection feature
- Supports social trading integrations, including AvaSocial and DupliTrade
- Offers fixed-spread accounts, making costs predictable during market news
Cons
- Trading spreads are wider than low-cost ECN alternatives.
- Inactivity fees apply if an account is idle for 90 days
- Fewer advanced tools aimed specifically at professional or institutional traders
- Features like AvaProtect come with separate utility costs
8Eightcap
8
8.7Score
Pros
- Full native integration with TradingView for charting and execution
- Competitive raw spreads starting from 1.0 pips.
- Expanding selection of crypto CFDs, alongside traditional assets
- Streamlined account opening and identity verification
- Regulated across ASIC, FCA, and CySEC for broad jurisdictional coverage
- Fast account opening process with a streamlined verification flow
Cons
- Shorter operating track record and brand recognition than some larger rivals
- Research and in-house analysis tools are still comparatively early in development
- Phone support availability is more limited outside core business hours
- Fewer account currency options than some multi-regional competitors
Frequently Asked Questions
What is the best MT5 broker?
The best MT5 broker depends on your location, trading costs, preferred markets and account requirements. A suitable broker should combine credible regulation, competitive pricing, reliable execution and responsive customer support. Our rankings compare these areas through a single Editorial Score.
Is MT5 better than MT4?
MT5 offers more timeframes, additional order types, an integrated economic calendar and support for a wider range of financial markets. MT4 may still suit forex traders who rely on existing MQL4 indicators or Expert Advisors. The better platform depends on the tools, markets and automated strategies you intend to use.
Can I use MT5 for forex trading?
Yes. MT5 supports forex trading and includes charting tools, technical indicators, multiple order types and automated trading features. The number of currency pairs and available trading conditions will depend on the broker.
What is the minimum deposit for an MT5 account?
MetaTrader 5 does not set a minimum deposit. Each broker determines its own account-opening requirements, and the minimum may vary by account type, payment method and country.
Can beginners use MetaTrader 5?
Yes. Beginners can use MT5, although its range of tools may initially feel complex. A demo account can help