MetaTrader 5 is one of the most popular trading platforms out there with a massive following. It is a successor of MetaTrader 4, and has many key improvements like the use of indicators, advisors, charting tools and other additional features. Check out our list of best brokers that offer the MT5 trading platform.
Best MT5 Forex Brokers
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Top-Tier Regulation
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Low Forex Fees
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No Withdrawal Fees
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High Stock CFD Fees
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Limited Product Portfolio
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User Interface Could Be More Intuitive
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Top-Tier Regulation
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Low Forex Fees
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No Withdrawal Fees
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High Stock CFD Fees
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Limited Product Portfolio
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User Interface Could Be More Intuitive
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:50
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Trading.com stands out for its competitive spreads, allowing traders to access markets at favorable pricing.
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The platform offers user-friendly trading platforms, notably the MetaTrader 5 terminal, facilitating a smooth trading experience.
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Traders can access a decent array of tradable instruments, including Forex, stocks, commodities, indices, metals, and energies.
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Trading.com’s trading platform options are limited, offering only the MetaTrader 5 (MT5) platform for traders.
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The platform’s educational resources are relatively limited, potentially leaving traders seeking more comprehensive learning materials.
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Trading.com is exclusively available to clients within the United Kingdom, limiting its accessibility to a global audience.
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Trading.com stands out for its competitive spreads, allowing traders to access markets at favorable pricing.
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The platform offers user-friendly trading platforms, notably the MetaTrader 5 terminal, facilitating a smooth trading experience.
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Traders can access a decent array of tradable instruments, including Forex, stocks, commodities, indices, metals, and energies.
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Trading.com’s trading platform options are limited, offering only the MetaTrader 5 (MT5) platform for traders.
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The platform’s educational resources are relatively limited, potentially leaving traders seeking more comprehensive learning materials.
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Trading.com is exclusively available to clients within the United Kingdom, limiting its accessibility to a global audience.
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:30
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Thorough Regulation and License: markets.com is licensed and regulated by 5 reputable watchdogs. This further strengthens the broker’s credibility as a financial service provider.
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Markets.com is not your regular broker, with its blend and IPO offerings. These additional offerings put the broker in a league of its own.
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Sleek Proprietary Trading Platform: Besides its MT4 and MT5 trading platforms, the broker has its own customized trading platforms, which excel in every regard as the more popular trading platforms.
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Inactivity Charges: Traders must pay a fee of $10 per month after 90 days of no trading inactivity on markets.com.
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No Customer Support Service on Weekends: Since trading is 24/7, it’s only ideal that the customer support service is also available 24/7 so clients can resolve their complaints quickly.
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Thorough Regulation and License: markets.com is licensed and regulated by 5 reputable watchdogs. This further strengthens the broker’s credibility as a financial service provider.
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Markets.com is not your regular broker, with its blend and IPO offerings. These additional offerings put the broker in a league of its own.
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Sleek Proprietary Trading Platform: Besides its MT4 and MT5 trading platforms, the broker has its own customized trading platforms, which excel in every regard as the more popular trading platforms.
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Inactivity Charges: Traders must pay a fee of $10 per month after 90 days of no trading inactivity on markets.com.
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No Customer Support Service on Weekends: Since trading is 24/7, it’s only ideal that the customer support service is also available 24/7 so clients can resolve their complaints quickly.
- Withdrawal feeN/A
- Deposit feeN/A
- Max LeverageN/A
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AMP Global offers diverse tradable instruments, including forex, exchange-traded futures, metals, energies, indices, stocks, and crypto CFDs. This allows traders to diversify their portfolios and exploit various market opportunities.
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Including the Investor Compensation Fund is a notable advantage for clients trading under the CySEC-regulated entity. This fund offers insurance per client up to 20,000 EUR, providing additional protection for client funds.
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AMP Global offers various account funding methods, including bank wire transfers, credit/debit cards, and e-wallet services. This provides flexibility and convenience for clients when depositing and withdrawing funds.
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The registration requirements to open a new AMP Global live account may be considered complex, involving multiple steps and providing various declarations. This might be a drawback for traders seeking a more straightforward account opening process.
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Traders do not have the liberty to pick which trading platform they wish to use since AMP GLOBAL only offers the MT5 trading platform. This means there is no proprietary platform, the MT4 or the cTrader platforms.
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AMP GLOBAL forex brokerage offers only one account type for all its clients. This effectively means users have no choice of picking account types that suit their trading needs.
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AMP Global offers diverse tradable instruments, including forex, exchange-traded futures, metals, energies, indices, stocks, and crypto CFDs. This allows traders to diversify their portfolios and exploit various market opportunities.
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Including the Investor Compensation Fund is a notable advantage for clients trading under the CySEC-regulated entity. This fund offers insurance per client up to 20,000 EUR, providing additional protection for client funds.
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AMP Global offers various account funding methods, including bank wire transfers, credit/debit cards, and e-wallet services. This provides flexibility and convenience for clients when depositing and withdrawing funds.
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The registration requirements to open a new AMP Global live account may be considered complex, involving multiple steps and providing various declarations. This might be a drawback for traders seeking a more straightforward account opening process.
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Traders do not have the liberty to pick which trading platform they wish to use since AMP GLOBAL only offers the MT5 trading platform. This means there is no proprietary platform, the MT4 or the cTrader platforms.
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AMP GLOBAL forex brokerage offers only one account type for all its clients. This effectively means users have no choice of picking account types that suit their trading needs.
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:500
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Competitive Trading Conditions
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Wide Range of Tradable Instruments
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Advanced Trading Platforms
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Limited Regulatory Oversight for Some Entities
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Limited Educational Resources for Beginners
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Mixed User Reviews
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Competitive Trading Conditions
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Wide Range of Tradable Instruments
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Advanced Trading Platforms
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Limited Regulatory Oversight for Some Entities
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Limited Educational Resources for Beginners
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Mixed User Reviews
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:2000

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Extensive Range of Tradable Instruments
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Competitive Trading Conditions & Accounts
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Versatile Trading Platforms
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Regulated by an Offshore Regulator
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Limited Demo Account
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Extensive Range of Tradable Instruments
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Competitive Trading Conditions & Accounts
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Versatile Trading Platforms
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Regulated by an Offshore Regulator
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Limited Demo Account
- Withdrawal fee1%
- Deposit fee$0
- Max Leverage1:2000
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NeoMarkets is praised for its user-friendly approach, making it accessible and straightforward for novice and experienced traders to navigate the platform.
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NeoMarkets allows trading cryptocurrencies through CFDs at competitive costs, providing traders with exposure to this popular asset class.
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NeoMarkets is regulated by the Financial Services Commission (FSC) in Mauritius, adding an element of oversight and security for its clients.
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NeoMarkets has a limited selection of deposit and withdrawal methods, potentially inconveniencing clients who prefer a broader range of options.
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To access the demo account, users must first complete the registration process, which might deter those who prefer exploring the platform before committing.
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NeoMarkets’ website lacks readily available information about its various account types, potentially making it challenging for traders to select the most suitable option.
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NeoMarkets is praised for its user-friendly approach, making it accessible and straightforward for novice and experienced traders to navigate the platform.
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NeoMarkets allows trading cryptocurrencies through CFDs at competitive costs, providing traders with exposure to this popular asset class.
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NeoMarkets is regulated by the Financial Services Commission (FSC) in Mauritius, adding an element of oversight and security for its clients.
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NeoMarkets has a limited selection of deposit and withdrawal methods, potentially inconveniencing clients who prefer a broader range of options.
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To access the demo account, users must first complete the registration process, which might deter those who prefer exploring the platform before committing.
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NeoMarkets’ website lacks readily available information about its various account types, potentially making it challenging for traders to select the most suitable option.
- Withdrawal fee$0 (conditions apply)
- Deposit fee$0
- Max Leverage1:500
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High Leverage Options
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Low Initial Deposit Requirements
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Lack of Proper Regulation
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Withdrawal Issues
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Poor Customer Support
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High Leverage Options
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Low Initial Deposit Requirements
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Lack of Proper Regulation
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Withdrawal Issues
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Poor Customer Support
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:3000
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Regulated by the Central Bank of Russia, ensuring a high level of security for client funds.
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Offers a wide range of assets, including forex currency pairs, commodities, indices, stocks, and cryptocurrencies.
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Competitive spreads start from 0.1 pips.
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Not available for US clients.
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A limited selection of account types to choose from.
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No social trading or copy trading options available.
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Regulated by the Central Bank of Russia, ensuring a high level of security for client funds.
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Offers a wide range of assets, including forex currency pairs, commodities, indices, stocks, and cryptocurrencies.
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Competitive spreads start from 0.1 pips.
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Not available for US clients.
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A limited selection of account types to choose from.
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No social trading or copy trading options available.
- Withdrawal feeN/A
- Deposit feeN/A
- Max LeverageN/A
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Regulated by Multiple Tier-1 Authorities
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Competitive Trading Conditions
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Wide Range of Trading Platforms
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Higher Commissions on Certain Platforms
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Limited Educational Resources Compared to Other Brokers
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Not Available Worldwide
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Regulated by Multiple Tier-1 Authorities
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Competitive Trading Conditions
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Wide Range of Trading Platforms
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Higher Commissions on Certain Platforms
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Limited Educational Resources Compared to Other Brokers
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Not Available Worldwide
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:10000
What Is an MT5 Forex Broker?
An MT5 forex broker gives you access to the MetaTrader 5 platform which gives you access to advanced charting tools, multi-market trading (forex, stocks, commodities, crypto), and improved automation. Unlike MT4, MT5 offers more timeframes, order types, and a customizable interface. These improvements make it a solid choice for traders seeking more flexibility and advanced tools.
Are MT5 Brokers Better Than MT4 Brokers?
MT5 brokers offer more features than MT4 brokers, such as advanced technical analysis, wider instrument range, and more timeframes. If you need these features, MT5 is ideal. But if you prefer a simpler interface, MT4 may be the better option for you.
What to Look for in an MT5 Broker?
When choosing an MT5 broker, consider factors like competitive spreads, execution speeds, leverage, regulation, customer support, and whether they offer the full range of MT5’s advanced features like EAs, customizable charts, and multi-asset trading.
Final Thoughts
MT5 brokers are great for advanced traders who want more tools, flexibility, and automation. While MT4 remains a favorite for beginners, MT5 is perfect for professional traders or anyone looking to step up their game. If you want to make the transition from MT4 to MT5, you can get the feel of the platform with a demo account.