Best MT5 brokers – List of forex brokers offering Metatrader 5

Broker Country Rating Min. Deposit Website
UK, Cyprus, Belize5/5$5Click for a special offerWebsite
UK, Cyprus, Australia4.98/5$5Click for a special offerWebsite
Australia4.90/5$100Click for a special offerWebsite
Australia4/5$200Read the review
Belize, China2/5N/ARead the review
Marshall Islands1.9/5$250Read the review
SVG1.5/5$10Read the review
SVG1.5/5$100Read the review
Belize1.5/5$100Read the review
SVG1.5/5$250 Read the review
SVG1.5/5$250Read the review
UK1.5/5N/ARead the review
Vanuatu1/5-Read the review
SVG1/5$200Read the review
Hong Kong1/5$1Read the review
Vanuatu1/5$500Read the review
Bulgaria, Marshall Islands 1/5$200Read the review
N/A1/5$250Read the review
SVG1/5$100Read the review
Hong Kong, Russia1/5$1000Read the review
US1/5$500Read the review
UK1/5$10Read the review
SVG1/5$500Read the review
SVG1/5$100Read the review
UK1/5$500Read the review
Belize1/5$500Read the review
Seychelles1/5$5000Read the review
UK1/5N/ARead the review
Hong Kong1/5N/ARead the review
SVG1/5$250Read the review

When choosing a forex broker, the software provided is a key factor. MetaTrader 5 is a popular multi-asset platform for trading forex, exchange instruments and futures. Actually, it is a newer and improved version of the industry leader MT4, which was released in 2010.

The MT5 has kept most of the well-familiar features of its predecessor. It has the same great charting package and support for technical analysis indicators and automated trading systems (EAs) as its predecessor. Unfortunately, the MT4 and MT5 do not run using the same programming languages. Therefore, experts that are coded to work on the MT4 will not function on the MT5 – they have to be re-written (or converted).

On the other hand, the main advantage of MetaTrader 5 over MT4 is the fact that it enables traders to execute trades on different financial markets (including exchange-traded stocks) through a single account. In addition, MT5’s execution is faster and after the hedging option was added to it in 2016, among other enhancements, it gained popularity both among forex traders and brokers. Metaquotes has actually made a number of significant changes to the functionality of the MT5, giving it certain advantages over the MT4, as the company is trying to outphase the latter. The company is pushing hard for traders and brokers to adopt MT5. Here are some of the key features of this platform and advantages over the MT4.

 

Key features:

  • More Instruments (stocks and futures)
  • Advanced market depth feature (with a tick chart and Time & Sales information)
  • New & improved back-tester (which allows faster and simultaneous multi-currency pair back testing)
  • Additional order types (“Buy Stop Limit” and “Sell Stop Limit”)
  • Supports both the traditional netting and hedging options
  • More indicators (80+)

 

In addition to the desktop and mobile versions, the MetaTrader 5 is available on the web and can be accessed from any device.

 

Latest news about Metatrader 5

MetaQuotes officially releases web-based version of MT5 trading platform

Russian software company MetaQuotes said on Tuesday it has released a web-based version of MetaTrader 5 (MT5), a multi-asset trading platform. The

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RoboForex launches MT5 with hedging option

The automated forex broker RoboForex has launched the hedging option of the MetaTrader 5 (MT5) platform. In an announcement to its clients,

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MT5 adds hedging to desktop, mobile apps

MetaTrader 5 (MT5) multi-asset trading platforms has launched a beta version with a hedging system, which allows multiple trades of the same

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Russian forex broker Alpari adds mobile version of MT5 trading platform

Russian forex brokerage group Alpari said on Tuesday it has launched version of the MetaTrader 5 (MT5) trading platform for Android and iOS devices.

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Russia’s Alpari adopts MT5 trading platform, adds MT5 accounts and new binary options trading instruments

Russian forex brokerage group Alpari said it has added the MetaTrader 5 (MT5) trading platform to its offering and has launched new instruments for

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WhoTrades adds MT5 for trading CFDs on stocks on key exchanges

Brokerage group WhoTrades has adopted the MetaTrader 5 (MT5) trading platform for its Multi Market Account (MMA), designed for trading of contracts

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MetaQuotes adds ePayments to MT4, MT5 forex trading platforms

MetaQuotes, the developer of the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) forex trading platforms, said on Thursday it has added ePayments

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