1
9.6Score
ℹ️
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Best MT5 Brokers
Independently reviewed and ranked by our editorial team.
Introduction
MetaTrader 5 extends MT4 with more order types, additional timeframes, a built-in economic calendar, and native support for a wider range of asset classes beyond forex. This page ranks the top-rated brokers offering genuine MT5 access, by Editorial Score.
MT5 and MT4 commonly run side by side at the same broker, so many brokers on this list also appear on our Best MT4 Brokers page — the two aren’t mutually exclusive.
How We Ranked Them
Only brokers explicitly tagged as offering the MT5 platform appear here, sorted by Editorial Score from highest to lowest, using the same five-factor methodology applied across every Best Page on this site.
1ATFX
Pros
- Our top-rated broker overall, leading on safety, support, and execution quality alike
- Tightly regulated by the FCA and CySEC, two of the industry's more rigorous regulators, plus FSCA
- Strong educational resources for beginners, including live webinars and structured courses
- Fast, reliable trade execution with minimal slippage reported in independent testing
- Exceptionally responsive 24/5 multilingual customer support across phone, live chat, and email
- Free market analysis and daily commentary from an in-house research team
- Segregated client funds held with tier-1 banking partners
- Consistently high marks across every scoring category rather than excelling narrowly in one area
Cons
- Inactivity fee applies after 3 months of no trading activity
- Product range is narrower than some larger multi-asset competitors
- Does not accept clients from the United States
- Fixed-spread accounts carry a wider spread than the Raw account tier
2IC Markets
2
9.5Score
Pros
- Institutional-grade raw ECN pricing sourced from multiple liquidity providers
- True 0.0 pip spreads available on the Raw Spread account during peak liquidity
- Extremely fast order execution, with average speeds frequently cited under 40 milliseconds
- Very high maximum leverage available for eligible account types
- Deep liquidity supports large order sizes without excessive slippage
- Choice of MT4, MT5, cTrader, and TradingView integration
Cons
- Higher minimum deposit than some beginner-oriented rivals
- Commission-based pricing on the Raw Spread account adds a separate line-item cost
- Limited proprietary research or in-house market analysis tools
- Educational content is thinner than brokers that specifically target beginners
3Pepperstone
3
9.4Score
Pros
- Razor-thin raw spreads from 0.0 pips on the Razor account tier
- Choice of four platforms: MT4, MT5, cTrader, and native TradingView integration
- No minimum deposit requirement, lowering the barrier to entry
- Excellent execution speed, regularly benchmarked among the fastest in independent broker comparisons
- Regulated across four separate jurisdictions, giving clients a choice of licensing regime
- Wide range of copy-trading and social-trading integrations
Cons
- Commission is charged per lot on the Razor account, on top of the raw spread
- No proprietary desktop trading platform of its own
- Educational content is comparatively lighter than some competitors focused on beginners
- Standard account spreads are wider than the commission-based Razor tier
4Exness
4
9.1Score
Pros
- Instant, often same-minute withdrawal processing on most payment methods
- Extremely high maximum leverage available in permitted jurisdictions
- Low minimum deposit of $10, making it accessible to new traders
- Multi-jurisdictional regulatory coverage across CySEC, FCA, FSCA, and FSC Mauritius
- Transparent, publicly displayed real-time trading statistics on its website
- Wide range of account currencies and flexible funding options
Cons
- Very high leverage carries significant risk for inexperienced traders
- The specific regulatory entity a client is onboarded under varies significantly by region
- Limited proprietary research or in-house market analysis tools
- Some account types are not available to clients in certain jurisdictions
5FP Markets
5
9.0Score
Pros
- One of the longest-standing regulated brokers in the industry, operating continuously since 2005
- Competitive raw spreads from 0.0 pips on the Raw account
- Wide range of tradeable CFDs including individual shares alongside forex and commodities
- Strong regulatory footprint spanning ASIC, CySEC, and FSCA
- IRESS platform available for clients who want direct market access to shares
- Consistent execution quality reported across independent broker reviews
Cons
- Website and trading platform interface feel less modern than some newer competitors
- Educational content is comparatively limited relative to beginner-focused brokers
- Customer support response times can vary depending on region and time zone
- No proprietary next-generation platform — relies on MT4/MT5
6XM
6
8.9Score
Pros
- Very low minimum deposit of $5, among the most accessible in the industry
- Extensive free educational webinars run in multiple languages
- No requotes policy on market execution accounts
- Wide range of account base currencies, useful for international clients
- Negative balance protection included as standard on retail accounts
- Large affiliate and partner network with a long operating track record since 2009
Cons
- Spreads are wider than ECN-focused competitors on the Standard account
- No cTrader or proprietary desktop platform — MT4/MT5 only
- Very high maximum leverage can encourage excessive risk-taking for inexperienced traders
- Withdrawal processing can take longer than same-day for some payment methods
7AvaTrade
7
8.8Score
Pros
- Regulated across multiple major jurisdictions, spreading regulatory risk
- AvaTradeGO mobile app is intuitive and well suited to beginner traders
- Fixed-spread account options provide cost predictability during volatile news events
- Built-in risk management tools including AvaProtect, a downside-protection feature
- Strong copy-trading and social-trading integrations through AvaSocial and DupliTrade
- Broad multi-asset offering spanning forex, CFDs, stocks, and crypto in one account
Cons
- Spreads are wider than ECN-focused competitors
- Inactivity fees apply after 3 months of no trading activity
- Fewer advanced tools aimed specifically at professional or institutional traders
- AvaProtect and some risk tools carry their own separate cost structure
8Eightcap
8
8.7Score
Pros
- Full native TradingView integration for charting and direct trade execution
- Competitive raw spreads from 0.0 pips on the Raw account
- Growing range of tradeable crypto CFDs alongside traditional forex and indices
- Clean, modern web platform experience across desktop and mobile
- 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
Should I choose MT5 over MT4?
If your broker offers both, MT5 is generally the more capable platform u2014 more timeframes, more order types, and native multi-asset support u2014 though MT4 still has the larger library of legacy indicators and expert advisors if you rely on specific third-party tools.
Can I use MT5 for assets beyond forex?
Yes u2014 MT5 was built with broader asset-class support in mind, and depending on the broker you can typically trade indices, commodities, and other CFDs alongside forex from the same platform.