Best MT5 Brokers for 2022

MT5 brokers
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.

Top Metatrader 5 Forex Brokers

Broker
Rating
Regulated
Min. Deposit
Bonus
Max. Leverage
1.
easyMarkets

CySec, ASIC, BVI

Min $100 Deposit

Up to 50% With Sign-up

1:30

Review » Open Account » Open Account
Terms & conditions apply
Your capital is at risk.
2.
FXCC

CySEC, FCA

Min $100 Deposit

100% First Deposit

1:500

Review » Open Account » Open Account
Terms & conditions apply
Your capital is at risk.
3.
HYCM

CySEC, FCA, CIMA, FSC, DFSA

Min $100 Deposit

10% Credit Bonus

500:1

4.
Fusion Markets

ASIC, VFSC

Min $100 Deposit

-

500:1

Review » Open Account » Open Account
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
5.
Plus500

ASIC, FMA, FCSA, FCA, CySEC, MAS, FSA

$100

€25 No Deposit Bonus

1:30

6.
Blackbull Markets

ASIC, VFSC

Min $100 Deposit

-

500:1

Review » Open Account » Open Account
Terms & conditions apply
Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
7.
LegacyFX

CySEC, VFSC, NBRB, FCA

Min $250 Deposit

-

1:200

Review » Open Account » Open Account
Terms & conditions apply
Your capital is at risk.
8.
Vantage FX

FCA, ASIC, CIMA, SIBL

Min $200 Deposit

Up to 50% Bonus

500:1

Review » Open Account » Open Account
Terms & conditions apply
Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
9.
Eightcap

ASIC, VFSC

Min $100 Deposit

$30 No Deposit Bonus

500:1

Review » Open Account » Open Account
Terms & conditions apply
Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing substantially more than your initial investment).
10.
Forex.com

FCA, IIROC, JFSA, NFA, CIMA, FSA, ASIC, CFTC

$100

Up to $5000 Welcome Bonus

50:1

Review » Open Account » Open Account
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Top MT5 Brokers Reviews

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

forex.com Logo

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.

Forex.com Logo

Min $100 Deposit

Regulated By: FCA, IIROC, JFSA, NFA, CIMA, FSA, ASIC, CFTC

Foundation Year: 1999

Headquarters: New Jersey, United States


Terms & conditions apply
Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

AvaTrade

Avatrade Logo

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.

Avatrade Logo

Min $100 Deposit

Regulated By: ASIC, CBI, BVI, FSCA, IIROC, FFAJ, JFSA, ADGM FRSA

Foundation Year: 2006

Headquarters: Dublin, Ireland


Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

Vantage FX

Vantage FX Logo

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.

RoboForex

RoboForex Logo

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

Admiral Markets Logo

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.

Conclusion

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.

MT5 Broker FAQs

Why is MetaTrader 5 popular?

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.

How to choose the best MT5 brokers?

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?

How many brokers use MetaTrader 5?

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.

Is there a difference between MetaTrader 4 and MetaTrader 5?

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.

Why do traders opt to choose the MetaTrader 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.

Other broker types

About James Johnson
About James Johnson

Expert in Economics, Trading, Investments and Personal Finance. Graduated in 2001 in Business Economics and Management at Harvard University. After several years of working in the foreign exchange trading industry, I co-founded Forex Online Brokers in 2015 with the aim of distributing my personal knowledge and professional experiences in the field of trading and investments in general.