Best Forex Brokers
Beginners
Day Trading
Swing Trading
Scalping
HFT Brokers
Hedging Brokers
NDD Brokers
Gold Brokers
No Min Deposit
United States
United Kingdom
Australia
Europe
UAE/Dubai
Singapore
Canada
South Africa
Exness
FCA (UK)Up to 90% Daily Spread Rebates
Earn up to 90% of spread/commission back daily via IB partner codes. Standard rebates 25-40%.
Verified Mar 28, 2026
Best MT5 ECN Brokers 2026
Last updated January 7, 2026
Top forex brokers offering MetaTrader 5 with true ECN execution, raw spreads, and advanced trading features.
How We Ranked
Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.
Regulated brokersLow spreadsFast withdrawals
Written by
Elena Brooks
Fact Checked by
James Wilson
Last reviewed:
•By:Elena Brooks
•Fact-checked by:James Wilson
What's the difference between MT4 and MT5 ECN?
MT5 offers more timeframes (21 vs 9), more order types, depth of market, built-in economic calendar, and improved MQL5 programming language. ECN execution on MT5 provides raw spreads from liquidity providers.
Top 10 MT5 ECN Brokers in 2026
MetaTrader 5 offers advanced features over MT4 including more timeframes, depth of market, and economic calendar integration. Combined with ECN execution, MT5 ECN brokers provide the best of both worlds: a powerful platform with transparent, raw pricing direct from liquidity providers.
Cost-Focused Offers
Browse All PromotionsVerified rebates and cost-focused offers
For low-spread and ECN-style pages, we prioritize cashback, rebate, and commission-offset style promotions over louder bonus messaging.
Cashback / Rebate
IC Markets
ASIC (Australia)100% Credit Bonus up to $1,000
First-time deposit: 100% credit bonus up to $1,000. Total bonus potential up to $25,000.
Verified Mar 28, 2026
FP Markets
ASIC (Australia)50% Deposit Bonus + Commission Rebates
Up to 50% deposit bonus (region-dependent). Plus 25% commission rebates or $3.00 from spread.
Verified Mar 28, 2026
MetaTrader 5 Features
| Broker | Link | ||
|---|---|---|---|
| Exness | All timeframes, DOM, Economic Calendar | Open | |
| FP Markets | All timeframes, DOM, Economic Calendar | Open | |
| RoboForex | All timeframes, DOM, Economic Calendar | Open | |
| BlackBull Markets | N/A | N/A | Open |
| Hantec Markets | N/A | N/A | Open |
| Capital.com | N/A | N/A | Open |
| XM | All timeframes, DOM, Economic Calendar | Open | |
| IC Markets | All timeframes, DOM, Economic Calendar | Open | |
| Axi | All timeframes, DOM, Economic Calendar | Open | |
| FXTM | All timeframes, DOM, Economic Calendar | Open |
Advanced MT5 with true ECN.
Exness offers MT5 with true ECN execution featuring all 21 timeframes, depth of market, and integrated economic calendar. Raw spreads from 0.0 pips.
Deposit$0
SpreadUltra-Low
Flexible MT5 ECN conditions.
FP Markets offers genuine ECN pricing on MT5. They provide consistent execution quality and a wide range of tradable assets including crypto.
Deposit$100
SpreadRaw
MT5 ECN Pro for professionals.
RoboForex offers MT5 with their ECN Pro account featuring institutional liquidity and raw spreads. Low minimum deposit of just $10.
Deposit$10
SpreadUltra-Low
MT5 with no re-quotes.
XM offers an excellent MT5 environment with a strict no re-quotes policy. While not a traditional ECN, their execution speed and reliability rival ECN standards.
Deposit$5
SpreadLow
High volume MT5 ECN trading.
IC Markets is the world's largest ECN broker by volume. Their MT5 offering includes raw spreads from 0.0 pips and servers located in the NY4 data center.
Deposit$200
SpreadRaw
MT5 ECN with ProTrader integration.
Axi combines MT5's advanced features with ECN execution and ProTrader tools. Full depth of market visibility and hedging support.
Deposit$0
SpreadUltra-Low
MT5 ECN with excellent education.
FXTM provides MT5 with ECN execution and comprehensive educational resources. Full platform features with depth of market and hedging.
Deposit$100
SpreadLow
Best for ecn traders & new zealand-based clients.
BlackBull Markets is a multi-regulated broker with MT4, MT5, cTrader, TradingView, BlackBull App access, 0.0 pips (ECN Prime) on EUR/USD, and $0 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Deposit$0
SpreadRaw or ultra-low spread account available
Best for experienced traders, institutional clients & multi-asset investors.
Hantec Markets is a multi-regulated broker with MT4, MT5, Hantec App access, 0.0 pips (Raw ECN) | 1.2 pips (Standard) on EUR/USD, and $10 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Deposit$10
SpreadRaw or ultra-low spread account available
Best for beginners, ai-driven trading & mobile-first traders.
Capital.com is a multi-regulated broker with Capital.com Web Platform, Capital.com App, MT4, TradingView access, 0.6 pips (Standard) on EUR/USD, and $20 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Deposit$20
SpreadCompetitive spread structure
Frequently Asked Questions About MT5 ECN Brokers
Frequently Asked Questions
MT5 offers more timeframes (21 vs 9), more order types, depth of market, built-in economic calendar, and improved MQL5 programming language. ECN execution on MT5 provides raw spreads from liquidity providers.
Depth of Market shows real-time buy and sell orders at different price levels. This transparency helps ECN traders see actual market liquidity and plan entries/exits more effectively.
Yes, most MT5 ECN brokers allow hedging. MT5 supports both hedging and netting modes - ensure your broker has hedging enabled if you need it for your trading strategy.
MT5 offers advantages for ECN trading including better depth of market visualization, more order types, and faster backtesting. However, EA compatibility with MT4 makes both platforms popular.
Most MT5 ECN brokers charge $3-4 per lot round-turn commission with raw spreads from 0.0 pips. This typically results in lower total costs than standard accounts with wider spreads.
Top Searched Questions
Which brokers offer MetaTrader 5 in 2026?
Most major forex brokers now offer MT5 alongside MT4. MT5 brokers worth considering provide: access to stocks, indices, and crypto CFDs alongside forex; the depth-of-market window for seeing liquidity; 21 timeframes vs MT4's 9; and the built-in economic calendar. Check if they support hedging mode.
What advantages does MT5 have over MT4?
MT5 offers: 21 timeframes (vs 9 on MT4), built-in economic calendar, depth-of-market, 38 technical indicators (vs 30), 44 analytical objects (vs 31), multi-threaded strategy tester, and access to exchange-traded instruments. MT5 uses MQL5 which supports OOP programming for more complex EAs.
Is MT5 better than other trading platforms?
MT5 excels at multi-asset trading (forex + stocks + crypto CFDs) and algorithmic strategy development. TradingView beats it for charting and social features. cTrader offers better Level II pricing. MT4 has a larger EA library. Choose MT5 if you need multi-asset access with strong automation capabilities.
Information automatically localized based on "mt5 brokers" and related trends.
Related Broker Pages
Built from live category and sibling-page coveragePeople Also Search For
forex brokersbest forex brokertop forex brokersforex trading brokersbest rated forex brokersrecommended forex brokersbest currency brokersbest brokerage for forexforex brokerforeign exchange brokerbest forex provider
Quick Rankings
1
Exness
Visit Exness
2
FP Markets
Visit FP Markets
3
RoboForex
Visit RoboForex
4
BlackBull Markets
Visit BlackBull Markets
5
Hantec Markets
Visit Hantec Markets
Get your personalized toplist:
FIND MY BROKERRisk Warning: Forex and CFD trading involves significant risk of loss and may not be suitable for all investors. You could lose more than your initial investment. 68-80% of retail investor accounts lose money when trading CFDs with most providers. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
Not Financial Advice:
Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers. See Editorial Policy and Data Sources.
Affiliate Disclosure:
BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology. Read our AI Content Policy.
Regional Availability Notice
Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows the country-acceptance status captured in our latest eligibility checks.