- Best Forex Brokers
- Regulated Brokers
- Broker Types
- Forex Apps
MetaTrader 5 or MT5 is the newest software released from a Russian firm, MetaQuotes Software. MT5 allows commodities and equities to be traded together with the other forex components. A few benefits of using the MT5 platform are its all-in-one concept that offers excellent analytical tools and a modern interface with an opportunity to open several charts and conduct analysis using advanced grade features.
In This Guide
FCA, ASIC, CIMA, SIBL
up to 50% bonus
$10 000 demo
ASIC, CBI, BVI, FSCA, IIROC, FFAJ, JFSA, ADGM FRSA
up to 40% bonus
CySec, ASIC, BVI
up to 50% bonus
CySEC, FCA, CIMA, FSC, DFSA
up to 10% credit bonus
VFSC, FSC, IBFC
FCA, IIROC, JFSA, NFA, CIMA, FSA, ASIC, CFTC
up to $5000 bonus
With this innovation, you sure would not want to miss trying out on this platform. Check out the list below for some of the best MT5 brokers in the industry today.
FOREX.com is one of the forex brokers providing MetaTrader support for traders based in the United States. They offer an excellent group of pairs for clients to trade and three various accounts to choose from. The broker also assures its traders with high-level and extensive safety, security, and transparency. They are regulated and authorized by the UK Financial Conduct Authority (FCA), the Financial Services Authority of Japan (FSA), and the Commodity Futures Trading Commission (CFTC).
They are also categorized as one of the world’s biggest MT5 forex brokers offering the Active Trader Rebate Program, including access to the Direct Market Access (DMA) Trading accounts. It’s where clients can trade on prices straight from global banks’ high-quality liquidity providers without any markups.
AvaTrade was first founded in Ireland, and since then, they have built the reputation to be one of the most respected and best MT5 brokers in the industry. Using AvaTrade, clients can trade on over 1 250 global markets, covering a vast range of assets like bonds, commodities, stocks, currencies, indices, cryptocurrencies, and ETFs.
As you use AvaTrade, you will be treated with various account types, which covers several needs when you trade on global markets. You can experience the full features and benefits of MT5 when training, like the MetaTrader Market for a customized technical indicator, copy trading, and programming services.
This is another MT5 trading platform provider based in Australia which offers significant regulatory oversight from a few of the most respected institutions in the industry, including the ASIC, CIMA, and FCA. As you use AvaTrade, you get to choose account types like the Standard or any of the two ECN accounts. Regardless of your choice, you will get to trade using the MT5 platform.
Its minimum deposit starts at $200 for standard accounts and eventually increases to a $500 minimum deposit if you opt for the ECN account. VantageFX also showcases 150 CFDs, including 40 forex currency pairs having spreads starting from zero pips.
Besides being able to trade using MT5, RoboForex also offers trading using MetaTrader 4 and cTrader platforms. This forex broker allows clients to trade on eight asset classes, including CFDs on stocks, Forex ECN, ETFs, cryptocurrencies, commodities, and indices. If you wish to trade using RoboForex, you have the opportunity to invest in real stocks from American companies, which brings the total tradable assets to over 12,000.
The broker’s financial services are open to both investment organizations and retail traders. If you need assistance navigating the platform, its live support operates all day and night and resolves issues in eleven languages through phone, online chat, or email. To help with your strategies, RoboForex’s analytical department offers financial information for effective trading, including forecasts and market overviews based on fundamental and technical analyses.
Admiral Markets was established in 2001 and continues to provide FCD and forex products to its clients. It also supports MetaTrader 4 and 5 on both Mac and Windows computers. Its CFD contracts have more than 3,000 stocks and EFTs, 16 commodities, 32 cryptocurrencies, and 19 indices.
More importantly, the broker assures market access that MetaTrader 5 traders desire and is doing an excellent job of maintaining the spreads low. Four regulatory institutions oversee the firm to ensure its security, such as the Financial Conduct Authority (FCA) in England.
The number of advancements MetaTrader provides to traders is one reason why this platform is such a popular choice. The sheer number of tools, features, data, users, and customization options make it essentially unique. MT5 is the leading platform in today’s forex industry, with many competent and credible forex brokers supporting the innovation. More importantly, a trader must ensure trustworthiness when choosing the best MT5 brokers in the industry.
MetaTrader 5 came from the ever-popular trading platform, MetaTrader 4, which most traders commonly use. MT5 has updated its platform allowing hedging and is expected to see a significant increase in popularity soon. The MetaTrader is a famous tool since it provides a more complete and advanced trading platform in the market today.
With so many forex brokers in the industry today, surely it can be a handful to choose what providers have the best features for trading. On top of your consideration is the regulation. It is essential to know what regulations brokers have for trading losses, securing your funds, fair trading practices, and segregated accounts.
Secondly, it is also essential to consider data security. Brokers will require vital information from you as you use their services. In return, is it necessary to check their security reputation and practices in safekeeping all critical information?
Not all brokers offer MT5 as their trading platform. About 250 brokers are offering the MT5 option to their traders. If your chosen broker does not have this platform, they probably only use customized trading software designed for the company.
Yes. MT4 is derived from a prior generation software, while MT5 is its latest version. Besides forex trading and CFDs, the MT5 supports stocks and futures trading, turning it into a multi-asset platform.
Close to 90% of the traders look for the MetaTrader for their trading platform. This is because of mass popularity among traders and the superiority over other platforms.