Best MT5 Forex Brokers 2026
Trade unlimited markets. Compare the best brokers for MetaTrader 5.
Written by
Marcus Thompson
Fact Checked by
Sarah Chen
MT5: The Multi-Asset Platform
MetaTrader 5 (MT5) is the successor to MT4, designed to accommodate more than just forex. It supports trading in stocks, futures, and commodities on centralized exchanges. It is faster (64-bit), offers more timeframes (21 vs 9), has a built-in economic calendar, and provides Depth of Market (DOM) data, making it the superior choice for modern multi-asset traders.
Is MT5 better than MT4?
For stocks and modern features, yes. MT5 is faster, supports more markets (like futures and stocks), and has better backtesting tools. However, for pure forex trading, many traders still prefer the simplicity of MT4.
MT5 Features
Technical capabilities.
| Broker | ||
|---|---|---|
| XM | MT4, MT5 | 21 |
| Exness | MT4, MT5 | 21 |
| AvaTrade | MT4, MT5 | 21 |
| HFM | MT4, MT5 | 21 |
| RoboForex | MT4, MT5, R StocksTrader | 21 |
| FBS | MT4, MT5 | 21 |
| Admirals | MT4, MT5 | 21 |
| IC Markets | MT4, MT5, cTrader | 21 |
| Pepperstone | MT4, MT5, cTrader | 21 |
| Vantage | MT4, MT5 | 21 |
Detailed Broker Analysis
Accessible MT5
XM makes the power of MT5 available to everyone with low minimum deposits. Their implementation allows you to trade over 1000 stock CFDs alongside forex pairs from a single account with unified margin.
Leveraged MT5
FBS stands out by offering high leverage options on the MT5 platform, something many other brokers restrict. Their 'Cent' account is also available on MT5, which is rare and great for testing algorithms live.
Investing Powerhouse
Admirals (formerly Admiral Markets) unleashes the full potential of MT5. Through their Invest.MT5 account, you can buy real stocks and ETFs from 15 global exchanges, not just CFDs, making it a true multi-asset hub.
Raw MT5 Speed
IC Markets combines the advanced features of MT5 with their raw spread liquidity pool. It's the ideal setup for algorithmic traders who need the faster processing of MT5 (64-bit) coupled with near-zero spreads.
Instant MT5 Withdrawals
Exness provides a seamless MT5 experience with instant withdrawals. Their 'Pro' account on MT5 offers raw spreads and unlimited leverage for experienced traders.
Fixed Spread MT5
AvaTrade offers simplicity on MT5 with fixed spreads. This is unique in an MT5 market dominated by ECN brokers, providing cost certainty for news traders.
Smart MT5 Tools
Pepperstone includes a suite of 'Smart Trader Tools' for MT5, enhancing the default platform with alarm managers, correlation matrices, and advanced order management.
MT5 Zero Spread
HFM (HotForex) offers a Zero Spread account on MT5 with spreads starting from 0.0 pips. Their 'HFcopy' tool is also integrated, allowing copy trading directly within the ecosystem.
12,000+ Instruments
RoboForex leverages MT5's stock market capabilities to the fullest, offering over 12,000 instruments including real stocks. It is a true multi-asset gateway.
Pro MT5 ECN
Vantage offers deep liquidity on MT5 with their raw ECN accounts. Fast execution speeds and the ability to integrate TradingView make it a favorite for tech-savvy traders.
Frequently Asked Questions
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January 2026