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BlogBest MetaTrader 5 Brokers 2026
Compare the top brokers offering MetaTrader 5 by MetaQuotes. 24 verified brokers ranked.
Written by
James Wilson
Fact Checked by
Edith Balazs
Why Trade on MetaTrader 5?
MetaTrader 5 (MT5) is the successor to MT4, offering enhanced features including more order types, additional timeframes (21 vs 9), built-in economic calendar, depth-of-market display, and access to stocks and futures markets. MT5 is required by some regulators and offers improved backtesting capabilities.
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What is MetaTrader 5?
MetaTrader 5 is a trading platform developed by MetaQuotes. MetaTrader 5 (MT5) is the successor to MT4, offering enhanced features including more order types, additional timeframes (21 vs 9), built-in economic calendar, depth-of-market display, and access to stocks and futures markets. MT5 is required by some regulators and offers improved backtesting capabilities.
Quick Picks
Trading Conditions
Compare trading conditions for MetaTrader 5 brokers.
| Broker | Action | ||
|---|---|---|---|
| Exness | 0.0 pips (Raw) | 1.0 pips (Standard) | $1 | Open Account |
| Libertex | 0.0 pips (Commission-based) | $10 | Open Account |
| XM | 0.6 pips (Ultra Low) | 1.6 pips (Standard) | $5 | Open Account |
| AvaTrade | 0.9 pips (Standard) | $100 | Open Account |
| BlackBull Markets | 0.0 pips (ECN Prime) | $0 | Open Account |
| FXTM | 0.0 pips (ECN) | 1.5 pips (Standard) | $10 | Open Account |
| RoboForex | 0.0 pips (Prime) | 1.4 pips (Pro) | $10 | Open Account |
| HFM | 1.0 pips (Premium) | 0.0 pips (Zero) | $0 | Open Account |
| ThinkMarkets | 0.0 pips (ThinkZero) | $0 | Open Account |
| HYCM | 0.2 pips (Raw) | $100 | Open Account |
| Tickmill | 0.0 pips (Raw) | 1.6 pips (Classic) | $100 | Open Account |
| Pepperstone | 0.0 pips (Razor) | 1.0 pips (Standard) | $0 (Recommended $200) | Open Account |
| FP Markets | 0.0 pips (Raw) | $100 | Open Account |
| Vantage | 0.0 pips (Raw ECN) | $50 | Open Account |
| IC Markets | 0.0 pips (Raw) | 0.8 pips (Standard) | $200 | Open Account |
| Forex.com | 1.2 pips (Standard) | 0.2 pips (Raw) | $100 | Open Account |
| Swissquote | 1.3 pips (Standard) | 0.6 pips (Prime) | $1,000 | Open Account |
| FxPro | 0.0 pips (Raw+) | 1.2 pips (Standard) | $100 | Open Account |
| Admiral Markets | 0.0 pips (Zero) | 0.5 pips (Trade) | $25 | Open Account |
| Eightcap | 0.0 pips (Raw) | $100 | Open Account |
| FBS | 0.7 pips (Standard) | $5 | Open Account |
| OctaFX | 0.6 pips | $25 | Open Account |
| Moneta Markets | 0.0 pips (ECN) | $50 | Open Account |
| Deriv | 0.5 pips (Standard) | $5 | Open Account |
Detailed Broker Analysis
Trade on MetaTrader 5 with Exness.
Exness supports MetaTrader 5. EUR/USD from 0.0 pips (Raw) | 1.0 pips (Standard). Min deposit: $1.
Pros
- Industry-leading withdrawal speed (instant/seconds)
- Exceptional transparency with public financial reports
- Massive liquidity - $4.5+ trillion monthly volume
- No inactivity, deposit, or withdrawal fees
Cons
- Not available to EU retail clients, US, UK, Canada, Australia
- Retail clients routed to offshore entities for leverage
- Customer support can be busy during peak times
- Limited stock CFD selection compared to competitors
Trade on MetaTrader 5 with Libertex.
Libertex supports MetaTrader 5. EUR/USD from 0.0 pips (Commission-based). Min deposit: $10.
Trade on MetaTrader 5 with XM.
XM supports MetaTrader 5. EUR/USD from 0.6 pips (Ultra Low) | 1.6 pips (Standard). Min deposit: $5.
Pros
- Very low $5 minimum deposit
- Multiple account types for all levels
- Excellent educational resources (industry-leading)
- Fast execution with no-requotes policy
Cons
- Not publicly traded - less financial transparency
- No cryptocurrency trading (regulated entities)
- Inactivity fee after 90 days ($15/month then $5/month)
- Standard account spreads wider than competitors
Trade on MetaTrader 5 with AvaTrade.
AvaTrade supports MetaTrader 5. EUR/USD from 0.9 pips (Standard). Min deposit: $100.
Pros
- One of the most regulated brokers globally (9 licenses)
- Commission-free trading model
- Fixed spreads - predictable costs
- Unique AvaProtect risk management tool
Cons
- Fixed spreads are wider than ECN/Raw spread brokers
- Higher inactivity fee ($50/quarter after 3 months)
- No ECN or raw spread account option
- Cryptocurrency spreads can be high
Trade on MetaTrader 5 with RoboForex.
RoboForex supports MetaTrader 5. EUR/USD from 0.0 pips (Prime) | 1.4 pips (Pro). Min deposit: $10.
Pros
- Low $10 minimum deposit
- High leverage up to 1:2000
- Excellent CopyFX copy trading
- Powerful R StocksTrader platform
Cons
- Offshore regulation (FSC Belize - Tier-3)
- Not available in USA/EU/UK/Australia
- Mixed customer reviews on withdrawals
Trade on MetaTrader 5 with HFM.
HFM supports MetaTrader 5. EUR/USD from 1.0 pips (Premium) | 0.0 pips (Zero). Min deposit: $0.
Pros
- Strong multi-regulator oversight (FCA, CySEC, FSCA)
- Excellent account variety for all trader levels
- Outstanding local payment methods (Africa/Asia)
- Low minimum deposit ($0-$5 on most accounts)
Cons
- US clients not accepted
- Inactivity fee after 6 months ($5/month)
- Leverage caps apply in EU/UK jurisdictions
- Some features limited by regulatory entity
Trade on MetaTrader 5 with BlackBull Markets.
BlackBull Markets supports MetaTrader 5. EUR/USD from 0.0 pips (ECN Prime). Min deposit: $0.
Pros
- FMA Tier-1 regulation (New Zealand)
- 26,000+ instruments via BlackBull Shares
- Excellent ECN execution (<75ms latency)
- Direct TradingView integration
Cons
- $5 flat withdrawal fee on all methods
- ECN Institutional requires $20,000 minimum
- Limited cryptocurrency selection
- No FSCS or ICF investor compensation
Trade on MetaTrader 5 with FXTM.
FXTM supports MetaTrader 5. EUR/USD from 0.0 pips (ECN) | 1.5 pips (Standard). Min deposit: $10.
Trade on MetaTrader 5 with Tickmill.
Tickmill supports MetaTrader 5. EUR/USD from 0.0 pips (Raw) | 1.6 pips (Classic). Min deposit: $100.
Pros
- Very low trading costs
- Fast execution speeds
- Allowed for all strategies
- Strong regulation
Cons
- Limited non-forex product range
- No crypto for UK clients
Trade on MetaTrader 5 with ThinkMarkets.
ThinkMarkets supports MetaTrader 5. EUR/USD from 0.0 pips (ThinkZero). Min deposit: $0.
Pros
- Award-winning ThinkTrader mobile app
- Strong multi-regulatory oversight (8 regulators)
- $1M insurance protection beyond standard coverage
- Raw spreads from 0.0 pips on ThinkZero
Cons
- Standard account spreads average compared to competitors
- ThinkZero requires $500 minimum deposit
- Not publicly traded
- Limited cryptocurrency leverage (2:1 in regulated regions)
Trade on MetaTrader 5 with HYCM.
HYCM supports MetaTrader 5. EUR/USD from 0.2 pips (Raw). Min deposit: $100.
Pros
- Decades of stability
- Fixed spreads available
- Good educational webinars
Cons
- High inactivity fee ($10/mo)
- Raw spread commission high ($4/side)
Trade on MetaTrader 5 with Pepperstone.
Pepperstone supports MetaTrader 5. EUR/USD from 0.0 pips (Razor) | 1.0 pips (Standard). Min deposit: $0 (Recommended $200).
Pros
- Regulated by 7 jurisdictions including 4 Tier-1
- Ultra-tight raw spreads on Razor (avg 0.1 pips EUR/USD)
- Fast execution - ideal for scalpers/EAs
- MT4, MT5, cTrader, TradingView support
Cons
- Standard account spreads wider than Razor
- Commission varies by platform
- No proprietary mobile app
- Research less extensive than IG
Trade on MetaTrader 5 with IC Markets.
IC Markets supports MetaTrader 5. EUR/USD from 0.0 pips (Raw) | 0.8 pips (Standard). Min deposit: $200.
Pros
- ASIC and CySEC Tier-1 regulation
- Ultra-tight raw spreads from 0.0 pips
- Excellent for scalping and EAs
- Low latency execution (Equinix)
Cons
- $200 minimum deposit
- Limited educational resources
- Research tools could be expanded
- No FSCS protection
Trade on MetaTrader 5 with Forex.com.
Forex.com supports MetaTrader 5. EUR/USD from 1.2 pips (Standard) | 0.2 pips (Raw). Min deposit: $100.
Pros
- Extremely safe (Publicly traded parent)
- Great for US traders
- TradingView charts
Cons
- Spreads on standard account not best in class
- No crypto for UK retail
Trade on MetaTrader 5 with FP Markets.
FP Markets supports MetaTrader 5. EUR/USD from 0.0 pips (Raw). Min deposit: $100.
Pros
- ASIC and CySEC Tier-1 regulation
- Raw spreads from 0.0 pips
- 10,000+ instruments available
- Excellent platform variety (MT4/MT5/cTrader/Iress/TradingView)
Cons
- Iress platform requires $1,000 minimum
- Limited cryptocurrency selection
- Demo account expires after 30 days
- Iress monthly fee (waivable)
Trade on MetaTrader 5 with Swissquote.
Swissquote supports MetaTrader 5. EUR/USD from 1.3 pips (Standard) | 0.6 pips (Prime). Min deposit: $1,000.
Pros
- Maximum safety (Swiss Bank)
- Huge product range (3M+)
- Banking integrated
Cons
- High fees
- Higher minimum deposit
Trade on MetaTrader 5 with Vantage.
Vantage supports MetaTrader 5. EUR/USD from 0.0 pips (Raw ECN). Min deposit: $50.
Pros
- Strong ASIC & FCA regulation
- Competitive Raw ECN pricing
- Excellent social trading options
- Free VPS for active traders
Cons
- High minimum deposit for Pro account
- Limited crypto selection
Trade on MetaTrader 5 with FxPro.
FxPro supports MetaTrader 5. EUR/USD from 0.0 pips (Raw+) | 1.2 pips (Standard). Min deposit: $100.
Pros
- NDD Execution
- Supports MT4, MT5, cTrader
- Reliable reputation
Cons
- Fees can be higher on standard accounts
- No crypto in UK
Trade on MetaTrader 5 with Admiral Markets.
Admiral Markets supports MetaTrader 5. EUR/USD from 0.0 pips (Zero) | 0.5 pips (Trade). Min deposit: $25.
Trade on MetaTrader 5 with Eightcap.
Eightcap supports MetaTrader 5. EUR/USD from 0.0 pips (Raw). Min deposit: $100.
Pros
- Best in class for Crypto CFDs
- Great automation tools
- TradingView direct integration
Cons
- Educational content is thin
- Stock selection limited compared to big players
Trade on MetaTrader 5 with FBS.
FBS supports MetaTrader 5. EUR/USD from 0.7 pips (Standard). Min deposit: $5.
Pros
- Huge leverage options
- Cent accounts for beginners ($1 deposit)
- Global presence
- Extremely fast withdrawals
Cons
- High spreads on lower tier accounts
- Withdrawal fees on some methods
Trade on MetaTrader 5 with OctaFX.
OctaFX supports MetaTrader 5. EUR/USD from 0.6 pips. Min deposit: $25.
Pros
- Swap-free on all accounts
- Excellent mobile app
- Great copy trading community
Cons
- Limited instrument range (cfd only)
- Offshore focus
Trade on MetaTrader 5 with Moneta Markets.
Moneta Markets supports MetaTrader 5. EUR/USD from 0.0 pips (ECN). Min deposit: $50.
Pros
- New FCA license adds trust
- Excellent mobile app
- Low commissions on ECN
Cons
- Newer brand
- Offshore entity for high leverage
Trade on MetaTrader 5 with Deriv.
Deriv supports MetaTrader 5. EUR/USD from 0.5 pips (Standard). Min deposit: $5.
Pros
- 24/7 Trading on Synthetics
- Low spreads
- Innovative platforms
Cons
- Limited regulatory protection for some regions
- Complicated product structure
Frequently Asked Questions
Top MetaTrader 5 Brokers
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January 2026