Top 7 MT5 Brokers Based On 2025 Testing Updated Review

Best MT5 Brokers

Forex traders looking to trade with the MetaTrader 5 should select the best MT5 broker for their circumstances based on 2025 spreads, range of CFDs, regulation and customer service levels.

Written by Justin Grossbard

Each month we update average spreads data published by the brokers the retail brokers lose %

We double-check broker fee details each month which is made possible through partner paid advertising. Learn more this here.

• 67 Forex Brokers reviewed by our expert team (See our top 10 picks)
• 50+ years combined forex trading experience
• 14,000+ hours comparing brokers in the past 12 months
• Structured and in-depth evaluation framework (Our Methodology)

Our broker reviews are reader supported and we may receive payment when you click on a partner site. For more information, visit our About Us page.

My list of the best brokers offering MT5 brokers in 2025 are:

• IC Markets – Best Forex Broker for MT5
• Pepperstone – Fastest Order Execution of Any MT5 Broker
• BlackBull Markets – Top MT5 Broker for Margin Trading
• Fusion Markets – Lowest Commission Costs With MT5
• Eightcap – Most Popular MT5 Broker for Crypto CFDs
• FOREX.com – Solid Trading Tools On MetaTrader 5
• FxPro – Top MetaTrader 5 Currency Pair Range
• FXTM – Great MT5 Broker for Beginners

Broker Review	Our Rating	Regulation	Raw EUR/USD Spread	Raw GBP/USD Spread	Raw AUD/USD Spread	Commissions (USD Base)	Standard EUR/USD Spread	Standard GBP/USD Spread	Standard AUD/USD Spread	MetaTrader 4	MetaTrader 5	cTrader	Execution Speed	Minimum Deposit	Currency Pairs	Crypto CFDs	Retail Leverage	Prof. Leverage	Visit Broker
Read review ›	93	ASIC, FSA-S CySEC	0.02	0.23	0.03	$3.50	0.82	1.03	0.83				134ms	$200	61	23	30:1	500:1
Read review ›	98	ASIC, FCA, BaFin CySEC, DFSA	0.10	0.30	0.20	$3.50	1.10	1.30	1.20				77ms	$0	83	20	30:1	500:1
Read review ›	95	FMA, FSA-S	0.14	0.43	0.30	$3.00	1.10	1.40	1.20				72ms	$0	72	9	500:1	500:1
Read review ›	92	ASIC, VFSA, FSA-S	0.09	0.28	0.14	$2.25	0.89	1.11	0.95				79ms	$0	84	14	500:1	500:1
Read review ›	96	FCA, ASIC CySEC, SCB	0.06	0.23	0.27	$3.50	1.0	1.2	1.2				143ms	$100	55	33	30:1	500:1
Read review ›	84	FCA, CIRO, NFA/CFTC CySEC, JFSA, CIMA	0.13	0.28	0.31	$6.00	1.2	1.11	1.7				30 ms (May 2023)	$100	91	8	30:1	400:1
Read review ›	59	FCA, FSCA CySEC, SCB, FSCM	0.2	0.21	0.31	$3.50	1.4	1.7	1.9				151ms	$100	69	28	30:1	200:1
Read review ›	62	FCA, FSCA, CySEC FSCM, CMA	0.1	2	0.5	$4.00	2.1	2.5	2.1				160ms	$10	58	–	30:1	300:1

What Are The Best MetaTrader 5 Brokers?

Choose the right MT5 broker for your forex trading needs. We’ve ranked the best MetaTrader 5 brokers of 2025 based on critical metrics such as trading costs, execution speeds, range of tradable products, and customer service.

1. IC Markets – Best Forex Broker for MT5

Forex Panel Score

EUR/USD = 0.62
GBP/USD = 0.83
AUD/USD = 0.77

MT4, MT5, cTrader, TradingView, IC Markets Mobile App

Why I Recommend IC Markets

I liked that IC Markets has a blend of tight spreads, low commissions, and excellent MT5 integrations. The broker has earned its place as my top choice for the best Forex broker on MT5.

Based on my experience, IC Markets consistently delivers top-notch service in a field where every pip and millisecond counts, and this is the main reason why it is ahead of the competition.

While the broker may not sweep the board in every category, IC Markets has given me a consistent high-level performance, making them a standout choice.

• Low spreads
• Fast execution speed
• No withdrawal or deposit fees

• $200 minimum deposit
• Limited educational resources

As well as being the best MT5 forex broker, IC Markets stood out from our testing for the following reasons:

• Tight average spreads – 1.03 pips
• Good range of trading platforms
• Excellent MT5 integrations

Tightest MT5 Commission-Free Spreads

When looking at spreads, Ross Collins, our Head of Research, tested the average spreads you can expect if you trade on a Standard account with our website’s top brokers. Based on his findings, IC Markets offers the tightest spreads of any Tier-1 FX broker at 1.03 pips for the major currency pairs.

To break it down for you, a spread of 1.03 pips means each lot costs USD 9.63, so you’ll pay USD 9.63 for every USD 100,000 you trade. Compare that to our worst-performing broker, FXPro, which posted average spreads of 2.22 pips. Under these trading conditions, a single lot costs USD 20.83 – almost twice as much as IC Markets.

Broker	Spread	Spread Cost
IC Markets	1.03	$9.63
CMC Markets	1.11	$10.10
Fusion Markets	1.19	$11.07
TMGM	1.21	$11.18
Admiral Markets	1.31	$11.96

Low RAW Spreads on MT5

Along with the lowest Standard account spreads, I also found that IC Markets offers ultra competitive RAW/ECN account spreads. Referencing my observation to the tests conducted by Ross, the broker has affordable trading fees — third lowest RAW spreads of 0.32 pips across the USD-backed majors. Only Fusion Markets (0.22 pips) and City Index (0.25 pips) had lower spreads.

While both of the spread tests were done using MT4, I suppose that MT5 will almost certainly produce lower spreads being a more powerful and faster platform. As such, IC Markets can back up my claim as one of the lowest spread, MT5 forex brokers.

IC Markets Raw Account Spreads

Avg. spreads are taken from each broker’s website and updated monthly. Last update on 06/01/2025

Excellent MT5 Integrations to Enhance Your Trading

While IC Markets offers a range of third-party platforms (including MT4, MT5, and cTrader), if you opt to trade with MT5, you’ll find the broker supports most trading strategies and styles. This includes scalping, hedging, automated trading, social trading, and copy trading.

However, in addition to MetaQuotes’ tool, MetaTrader Signals, IC Markets account holders can integrate copy trading and social trading tools like ZuluTrade and Myfxbook with MT5.

If I am being completely transparent, I don’t love that this requires opening two accounts. In fact, my colleague, Dave, found it time-consuming and tedious to manage both interfaces. Nevertheless, we reached consensus that both of us do like that the broker provides tools for these strategies.

If you’re a more traditional trader like myself, you’ll appreciate the option to supercharge your analysis with an Autochartist integration. Combined with MT5’s 38 technical indicators, Autochartist’s scanning and pattern recognition tools can give you a remarkable depth of insight into market movements and refine your overall strategy.

2. Pepperstone – Fastest Order Execution of Any MT5 Broker

Forex Panel Score

EUR/USD = 0.10
GBP/USD = 0.40
AUD/USD = 0.20

MT4, MT5, cTrader, TradingView, Pepperstone Trading App

Why I Recommend Pepperstone

I liked how Pepperstone has the fastest order execution of any MT5 broker, which means your orders will be filled with minimum slippage. Pepperstone makes it dead easy to get started, especially if you’re keen on checking out the broker’s MetaTrader 5 capabilities.

• Fast execution speeds on MT5
• Competitive no-commission spreads
• Solid range of markets to trade

• Education resources are limited
• Lacks guaranteed-stop loss orders
• Demo account expires after 90 days

From my testing of Pepperstone, I discovered that the Australian broker offers some of the fastest speeds an MT5 broker offers, along with competitive spreads, easy account opening process, and top MT5 trading experience.

Fast Execution Speeds

While testing execution speeds of 20 top brokers, Pepperstone has offered me the third fastest execution speeds overall for an MT5 broker. Using limit and market orders, the broker recorded average limit orders speeds of 77ms and market order speeds of 100ms.

Only BlackBull Markets (72 and 90 ms) and Fusion Markets (79 and 77 ms) gave me faster execution speed results overall, when averaged out.

15/15 Account Opening Experience

To give you a comprehensive review, I tested Pepperstone’s signup process and found the first thing you need to do is choose between a demo account and a live account. A demo account with Pepperstone is free for MT5, and what surprised me is that you don’t need to provide any documentation such as a passport or driver’s license or funding details such as your credit card. All you need to do is provide some basic personal details and verify your email or phone number, and you can test the MT5 trading platform and practice trading in just minutes.

I also tested the live account opening process and found it very easy. The main challenge was the 7 questions for the appropriateness test to show I know what forex trading is and the risk involved, but if you do get one wrong, you can reset the test.

Once you pass, you need to upload documentation proof of who you are and your funding details. However, you don’t actually need to fund the account until you start trading, which I thought was a big plus. I couldn’t fault the signup experience with Pepperstone, so scored them 15/15.

Top MT5 Trading Experience

As you might’ve guessed from our name, the team at Compare Forex Brokers focuses our trading on forex. Me and my colleagues use MT4 by default because it is the most common and popular, but I have to admit that we’re big fans of the Pepperstone MetaTrader 5 trading experience.

Dave and Sean, our testers, found the Trade Terminal and Market Manager tools especially useful for developing a big-picture, at-a-glance view of their trading activity. Sean also told me that he used the Correlation Matrix to identify a pattern he hadn’t previously noticed and opened a profitable position.

3. BlackBull Markets – Top MT5 Broker for Margin Trading

Forex Panel Score

EUR/USD = 1.2
GBP/USD = 1.4
AUD/USD = 1.7

MT4, MT5, cTrader, TradingView, BlackBull Social, BlackBull Shares, BlackBull Trade

Why I Recommend BlackBull Markets

For me, BlackBull Markets nailed it in terms of execution speed, but what truly sets the broker apart is the generous leverage of up to 1:500, available to traders globally. Sometimes referred to as ‘trading on margin,’ leverage allows you to amplify the size of your position exponentially by borrowing money from your broker.

This high leverage is possible because the broker operates out of New Zealand, where the regulations are less restrictive than ASIC-supervised brokers. If you’re keen on maximising your exposure while using MT5, then BlackBull Markets is my top recommendation.

• Leverage up to 1:500 on forex
• Good range of trading products
• Low spreads

• Withdrawal fees
• Limited in-house analysis of the markets
• A high minimum deposit is required for ECN Prime

While BlackBull Markets has earned top marks for fast execution speeds, for me this broker stood out more for having 1:500 leverage on MetaTrader5. I would also like to mention their excellent platform tools which improved my overall trading experience on MT5.

Fastest Execution Speeds

Based on my execution speeds testing, BlackBull Markets is the fastest MT5 broker overall. The broker averaged execution speeds of 72 ms for limit orders and 90 ms for market orders, putting it at the top of my list.

In my opinion, having fast execution speeds is crucial when trading with BlackBull Market’s high leverage of 1:500. Lower latency can greatly reduce your risk of slippage, which high leveraged trading can amplify.

High 1:500 Margin on MT5

Sometimes referred to as trading on margin, leverage allows you to amplify the size of your position exponentially by, in essence, borrowing money from your broker. While this can lead to significantly larger profit margins if you’ve read the market correctly, it can also mean considerable losses if you fall victim to slippage or requotes.

Most regulators cap the amount of leverage a broker can offer non-professional traders at 1:20 or 1:30. BlackBull Markets, on the other hand, gives you access to leverage of up to 1:500 no matter where in the world you’re trading from. They can can offer high leverage because they are based in New Zealand, which has more relaxed leverage rules than ASIC-regulated Forex brokers.

Excellent Trading Platform Tools

Other with MT5, it was delightful to find that BlackBull Markets offers a decent range of platforms, including MT4, cTrader and TradingView. I’d also like to highlight the useful trading tool add-ons BlackBull Markets offers. If you’re a social trader, then you’ll have access to a MyFxBook integration for MetaTrader 4, as well as ZuluTrade and Hokocloud.

What stood out to me, however, was the broker’s offering of both a VPS (Virtual Private Server) and API FIX service, which gave me better trading connectivity, faster execution speeds and lower latency.

4. Fusion Markets – Lowest Commission Costs With MT5

Forex Panel Score

EUR/USD = 0.93
GBP/USD = 1.08
AUD/USD = 0.92

MT4, MT5, cTrader, TradingView

Why I Recommend Fusion Markets

I liked Fusion Markets specifically for the unbeatable low commissions when using MetaTrader 5. This broker stands out as my top option for cost-conscious traders in a trading landscape where fees can quickly eat into profits.

Based on my experience, this isn’t just a promotional gimmick; Fusion Markets genuinely offers some of the most competitive rates in the industry.

• Lowest commissions
• Good choice of trading tools
• Fast execution speeds

• A high deposit fee for wire transfers
• Lacks TradingView platform
• Limited Range of trading products

After analysing trading costs, including spreads and commissions, Fusion Markets stood out as having some of the lowest spreads and cheapest commissions for an MT5 broker. Here is a summary of my test findings.

1. 3rd for Standard Accounts spreads (avg 1.19 pips for major pairs, 1.01 pips for EUR/USD)
2. 1st for RAW Account Spreads (0.22 pips for major pairs, 0.26 pips for EUR/USD)
3. 2nd for order execution speeds (79 ms limit orders, 77 ms market orders)

Ultra Competitive Spreads and Fast Execution Speeds

To interpret the spread results above, the industry average for Standard accounts is 1.52 pips, while it is 0.44 pips for RAW accounts across the 5 most traded currency pairs. As such, Fusion Markets is well below the average for both — only IC Markets (1.03 pips) and CMC Markets (1.11 pips) had tighter spreads for Standard accounts. This means you’ll get solidly affordable rates in both account types with Fusion Markets.

For execution speeds, the broker ranked second for the fastest overall speeds — only BlackBull Markets had faster limit order speeds of 77 ms.

Lowest MT5 Commissions

When comparing commission costs, I found that Fusion Markets has the cheapest commissions of any MT5 broker I tested. Of all the ASIC-regulated brokers, the broker came out on top with a commission of AUD $4.50 round turn per standard lot, which is $2.50 less than the industry standard of $7.

And while the commission cost is definitely a cost to consider, it is only good if the spreads remain competitive, which I had proven in my tests.

5. Eightcap – Most Popular MT5 Broker for Crypto CFDs

Forex Panel Score

EUR/USD = 1.0
GBP/USD = 1.0
AUD/USD = 1.2

MT4, MT5, TradingView

Why I Recommend Eightcap

I liked Eightcap for the extensive range of cryptocurrencies and crypto CFDs. If I am being honest, this broker left competitors in the dust when it comes to crypto trading.

For context, Pepperstone offers 19 cryptos while IC Markets has 25, and Eightcap outperformed both with a broader selection of 95 cryptocurrencies on MetaTrader5.

With this, I advise traders looking to capitalize on the volatile crypto market to check into Eightcap. This broker is the most popular MT5 broker for crypto CFDs.

• Tight spreads on crypto markets
• Has automated tools for MT5
• Provides good MT5 market analysis

• Limited range of trading products
• Lacks copy trading tools
• Customer support is not 24/7

Top Crypto Offering for MT5

Compared to the other brokers I reviewed for this roundup, Eightcap had the widest selection of 95 cryptocurrencies using MetaTrader5. By way of example, other MT5 brokers include Pepperstone offering 19 cryptos, IC Markets with 25, and ThinkMarkets with 27.

From my extensive analysis, the table below highlights that Eightcap offers the largest crypto range against other brokers by some margin.

Competitive Crypto Spreads with MT5

When looking at spreads, I tasked Ross with testing the average spreads for cryptocurrencies for other MT5 brokers including eToro, IG Group, and IC Markets. He found that Eightcap’s spreads compared favourably overall.

The broker averaged 12 points for Bitcoin compared to IC Markets of 18.2 pts, 0.45 pts for Ethereum compared to IG Group’s 1.2 pts and 0.004 pts Cardano compared to eToro’s 0.0085 pts.

Top MT5 Tools

Eightcap will provide you with some helpful trading tools for crypto trading, such as Capitalise.ai, and FlashTrader. This is a pretty solid line-up, although you will need to use MT4 to take advantage of them.

As someone who has been in this market for a while, I personally grew fond of FlashTrader, which is an execution tool that lets you target multiple profits, calculate position size, and place stops and limits in just one click, using your trade ticket.

6. FOREX.com – Solid Trading Tools On MetaTrader 5

Forex Panel Score

EUR/USD = 0.8 GBP/USD = 0.8 AUD/USD = 1.7

MT4, MT5, TradingView, Forex.com Trading Platform

Why I Recommend FOREX.com

We liked the range of features that Forex.com provides that can help you manage and execute your trades better on the MetaTrader 5 platform. These EAs fill in the gaps that the original MT5 platform skips.

The broker stood out for its solid all-around service, especially with its low trading costs through its Raw account (spreads from 0.0 pips).

• Raw spreads from 0.0 pips
• Free MT5 trading tools
• Solid range of forex pairs

• Not available in Australia/Singapore (Use City Index)
• Lacks social trading tools
• The commission is slightly above average

During our MetaTrader 5 tests, we found that Forex.com’s desktop version of MT5 has a few standout tools to enhance the trading platform. One such tool is the FX Blue Expert Advisors, a collection of nine indicators similar to Pepperstone’s Smart Trader Tools that adds improved trade and account management within MT5.

The included Mini-terminal EA extends MT5’s built-in one-click trading tool by adding stop-loss and take-profit orders to your market orders. This tool allowed us to ensure we didn’t forget to add our risk management, making trade management much faster.

We also noticed that Forex.com includes a Reuters news integration for MT5, providing actual market updates in real-time, not just headlines from aggregated news sources that other brokers offer.

Interestingly, Forex.com uses a straight-through process (STP) to execute your trades when you use the Raw pricing account (the broker uses a different process for its Standard account).

Using an STP broker is beneficial as it means the broker passes your orders directly to the market, so your trades are matched with other traders almost instantly. This makes it an ideal choice if you are algo trading or scalping on the MetaTrader 5 platform.

If you trade large volumes or frequently, the Active Trader program is a free opt-in that reduces your spreads and issues you with cash rebates based on your trading activity. The higher the activity, the better the rewards, earning up to $10 rebate per million traded.

*Note: MT5 or Raw Spread accounts are not available in the UK.

7. FxPro – Top MetaTrader 5 Currency Pair Range

Forex Panel Score

EUR/USD = 1.32
GBP/USD = 1.7
AUD/USD = 1.95

MT4, MT5, cTrader, FxPro Trading Platform

Why I Recommend FxPro

I liked FxPro for the unmatched variety of currency pairs when using MetaTrader 5. With more than 69 currency pairings, including majors, minors, and exotics, this broker offers the most options in the FX market.

On top of that, FxPro provides an array of asset classes like equities, indices, and commodities for CFD trading. They also offer up to 30 cryptocurrencies and crypto CFDs for international traders.

• Over 65+ currency pairs
• Excellent choice of trading tools
• No minimum stop loss

• Has inactivity fees
• Requires a minimum deposit
• Spreads are not competitive enough

Large Range of FX Pairs on MT5

First up, I found it astounding that FxPro gives you access to a large range of 69 currency pairs on MT5, including majors, minors, and exotics. If you think that the path to riches is in pairing the Norwegian Krone, Russian Ruble, Polish Zloty, and Turkish Lira with the US dollar and Euro, then you’ll find lots to like about FxPro.

In addition to forex, you can trade CFDs across a wide range of asset classes, including +2000 shares, indices and commodities and cryptocurrencies.

Best Account Features with MT5

When you open an account with FxPro, you can choose MT4, MT5, cTrader or the FxPro platform.

For the best features and lowest spreads, I highly recommend the MT5 RAW account. The added benefit of MT5 compared to the other platforms is that you have access to EA trading, DoM (depth of market) liquidity, over 35 indicators, 21 timeframes and an integrated economic calendar. By comparison, FxPro and MT4 don’t have DoM trading, a less powerful programming language and fewer charting tools.

By comparison, FxPro and MT4 don’t have DoM trading, a less powerful programming language and fewer charting tools.

In terms of minimum spreads, FxPro claims average spreads for its RAW account are 0.2 pips for EUR/USD but my testing has them at 0.32 pips, which is higher than the industry average of 0.24 pips.

8. FXTM – Great MT5 Broker for Beginners

Forex Panel Score

EUR/USD = 1.9
GBP/USD = 2.0
AUD/USD = 2.0

Why I Recommend FXTM

FXTM is my top pick if you are just dipping their toes into the MT5 trading waters. With the broker’s straightforward cost structure and narrow spreads, especially in its ECN accounts for retail traders, FXTM makes it easy for beginners to navigate the complexities of forex trading.

Unlike with a Standard account, you can sidestep the added costs and risks of slippage. Essentially, it’s a no-nonsense approach that lets you focus on what matters most: your trades.

• Excellent range of educational resources
• Solid selection of trading tools
• Good choice of CFDs to trade

• Withdrawal fees
• Lacks a choice for trading platforms
• 24/5 customer service

Top MT5 Broker for Beginners

While most new traders of the forex markets are naturally drawn to Standard accounts due to their no-commission fee structures, my experience says otherwise. You’ll save more money on a RAW spread or ECN-like account.

As such, I highly recommend FXTM’s Advantage (RAW) account for beginners, due to its straightforward cost structure. From my spreads analysis, I found the broker averaged 0.22 pips across the 5 most traded currency pairs, putting it well below the industry average of 0.44 spreads.

In addition to low spreads, FXTM offers cheap commissions (USD $2.50 per side) which is just amongst the lowest I’ve tested, just behind Fusion Markets at $2.25.

This is why I like FXTM’s Advantage account for new traders using MT5. You lose the extra expense and potential for slippage that come with a Standard account’s higher spreads without the overwhelm of a complex set of commissions.

Comparing The Top MT5 Brokers

We’ve reviewed the best MT5 brokers and below summarise the key takeaways for each broker.

MetaTrader 5 Broker Comparison Table

MT5	Average EUR/USD Spread	Trading Platforms	Social Trading or Copy Trading	Account Types	Forex Pairs	Minimum Deposit
IC Markets	0.1	MT4, MT5,cTrader	Myfxbook, Zulu Trade, Signals	Standard, RAW	60	$200
Pepperstone	0.13	MT4, MT5, cTrader, TradingView	Myfxbook, DupliTrade, Signals	Standard, Razor	61	$200
FP Markets	0.1	MT4, MT5, IRESS	Myfxbook, Signals	Account, RAW	45	$100
GO Markets	0.2	MT4, MT5	Myfxbook, Signals	Standard, Go Plus+	50	$200
Admiral Markets	0.4	MT4, MT5	Signals	Trade.MT5, Zero.MT5	47	$100
FXTM	0.3	MT4, MT5	Signals, FXTM Invest	Advantage, Advantage Plus	59	$500
FxPro	1.51	MT4, MT5m cTRader, FxPro Trading Platform	Signals	Standard, Raw+, Elite	70	$100
HotForex	1.2	MT4, MT5	Signals, HFcopy	Cent, Zero, Pro	50	$200
XM	1.7	MT5, MT5	Signals	Micro, Standard, XM Ultra Low	57	$5
AvaTrade	0.9	MT4, MT5, AvaTradeGO, AvaOptions	Sigals, Myfxbook, Zulu Trade, DupliTrade	Standard	55	$100
ThinkMarkets	1.3	MT4, MT5, ThinkTrader	Signals	Standard, ThinkZero	38	$250

When comparing the top MT5 brokers, I looked at four key categories:

• Top 6 Most Traded Currency Pair Spreads
• Social Trading Tools/Platforms
• Range of Markets (Forex, shares CFDs and tradeable CFDs)
• Minimum Deposit

As you can see from the table, IC Markets came out on top in nearly every category. The broker had the lowest average spreads using MT5, a good range of trading products across the board, a solid social trading platform in ZuluTrade and an industry-standard minimum deposit of $200.

Other notable MT5 online brokers include FP Markets for its huge range of trading instruments including ETFs and 10,000 share CFDs. XM has the lowest minimum deposit of $5 and FXPro has the biggest range of 70 forex pairs.

What is MT5?

MetaTrader 5 (MT5) is a multi-asset trading platform by MetaQuotes in 2010. Released as an upgrade of MT4, MT5 improved the platform by offering more advanced trading tools for technical analysis and the ability to trade on centralised exchanges.

I have compared MT4 and MT5, as well as listed the key features of MT5 below.

Should I Choose MT4 and MT5?

Whether you choose MT4 or MT5 is down to you as both platforms are popular among traders.

If you are new to trading, MT4 is a good choice to start with. The basic functions in MT4 are more than enough for trading. Although MT4 is specifically built for forex trading, the platform can also be used to trade other assets such as stocks, indices, and commodities via CFDs.

Both beginners and experienced traders can appreciate MT4 because it is multi-functional, user-friendly, and allows you to customise the interface to your needs. It also offers advanced analysis tools such as EAs that allow you to implement your favourite trading strategies.

If you already have trading experience, MT5 has more features. MT5 is faster and more efficient than MT4, but it is not necessarily better, just offers more than MT4 does. With MT5, you can trade more instruments in almost all financial markets, including forex, stocks, indices, commodities, and even cryptocurrencies.

MT5 provides all the necessary tools for successful trading: advanced technical and fundamental analysis, trading signals, algorithmic and copy trading, as well as trading robots.

MT4	MT5
Markets	Forex and CFDs	Forex, Futures, Stocks, Bonds, and Option Markets
Technical Indicators	30	38
Graphical Objects	31	44
Timeframes	9	21
Pending Order types	4	6
Order fill policy	Fill or Kill	Fill or Kill, Immediate or Cancel Return
Partial order fill policy	No	Yes
Economic Calendar	No	Yes
Email System	Yes (no attachments)	Yes (with attachments)
Fund Transfer between accounts	No	Yes
Depth of market	No	Yes
Hedging	Yes	Yes
Netting	No	Yes
Exchange trading	No	Yes
Programming Language	MQL4	MQL5

What Are The Key Features Of MT5?

MT5 offers many key features, from Expert Advisors (EAs) to a vast array of technical indicators, graphical objects, pending order types and forex signals.

I have explained each of MT5’s key features, below.

1. Expert Advisors

Expert Advisors (EAs) are trading robots that perform in-depth technical analysis and automate trading activities. EAs allow markets to be monitored 24 hours a day while following an algorithm that increases trading efficiency.

Analysing markets manually can be time-consuming, yet when using EAs you can calculate large amounts of data nearly instantly. Therefore, algorithmic trading strategies such as EAs can execute orders quickly when markets become volatile, meaning you will benefit from favourable price movements.

2. MQL5 Integrated Development Environment

The MetaQuotes Language 5 (MQL5) is an advanced programming language that allows traders to write algorithmic trading strategies as well as technical indicators. Compared to MQL4, the upgraded MQL5 is easier to use and a more efficient coding language.

3. Pending Orders

MT5 offers 6 pending orders, which are orders to buy or sell an asset at a certain price in the future. These 6 pending orders are broken down into limits and stops.

• Buy Limit: A buy order that can only be executed at below the market price.
• Sell Limit: A sell order that can only be executed above a certain price.
• Buy Stop: A Buy Stop order is placed above the current price.
• Sell Stop: An order to be executed below market price.
• Buy Stop Limit: An order that is a combination of a Buy Limit order and a Buy Stop order.
• Sell Stop Limit: Features of a Sell Limit order and a Sell Stop order.

4. Analytical Tools

MetaTrader 5 has 38 inbuilt indicators, 46 graphical objects and 21 timeframes for technical analysis. The platform also gives you an unlimited number of charts and a 1-minute history, further enhancing your ability to analyse the markets.

The analytical tool we like is MT5’s economic calendar, which MT4 doesn’t have, and allows you to stay on top of important economic data announcements.

5. Strategy Tester

MT5’s built-in Strategy Tester allows for multi-currency backtesting. This allows traders to test EA strategies against historical data before executing orders in the real market. This feature allows you to test even more sophisticated Expert Advisors to analyse multiple forex pairs and identify the correlation between them.

What CFDs Can You Trade With MT5?

While MT5 doesn’t specifically define the list of CFDS you can trade, the common markets include forex, stocks, indices, commodities and cryptocurrencies.

What specific CFDs you can trade will depend on the brokerage you open a trading account with.

Is MT5 The Best CFD Trading Platform?

In my opinion, MT5 is the best CFD trading platform. MT5 is a powerful and fast multi-asset platform that offers trading on both centralised and decentralised exchanges. This means you can trade a wider range of CFD products on a reliable and advanced platform.

Should I Use MT4 or MT5 As a Beginner?

While both platforms have their benefits, we recommend starting with MT4 as a beginner. MT4 is easier and simpler to use than MT5 as MT5 can be a little more complex as a platform. You also don’t necessarily need all the advanced trading tools and extra markets that MT5 offers when you start trading.

Is MT5 Good For Scalping?

MT5 is good for scalping as the platform provides great technical indicators, including 21 different timeframes, 38 inbuilt indicators, and 44 analytical objects.

Scalpers can also access level 2 quotes from the MT5 platform. This enables you to see the market depth of orders at different prices.

Is MT5 The Best Platform For Automated Trading?

MT5 is one of the best platforms for automated trading platforms out there. While MT4 is better for foreign exchange algorithmic trading, I believe MT5 is the best platform for CFD algorithmic trading.

MT5 offers full automation capabilities in the form of Expert Advisors (EAs), written in the MQL5 programming language which offers flexibility and enhanced execution speed, as well as a large selection of indicators.

Can You Use MT5 For Copy Trading?

Yes, MT5 allows you to copy-trade using trading signals. Once you download MT5, the Navigator window can be seen on the left-hand side of the platform. If you click on the Signals tab, you can see a list of available signal providers.

Then, you simply select an expert trader that aligns with your trading style and subscribe to this signal.

FAQ

Is MT5 A Safe Trading Platform?

Yes, MT5 is a reliable and safe trading platform used by many traders around the world. As a disclaimer, it’s crucial to be cautious and ensure you download MT5 from reliable and reputable sources, such as your broker’s official website or authorised app stores.

Avoid downloading MT5 from suspicious websites or unverified sources to prevent potential scams or malware.

Which Is The Best MT5 Broker?

IC Markets is the best MT5 broker, in our opinion. The broker offers tight average spreads, low trading costs and excellent MT5 integrations.

Is MT5 A Broker?

No, MT5 is a trading platform, not a broker. Brokers provide trading platforms such as MT4, MT5 and TradingView for you to trade on.

Does MT5 Have A Stop-Loss?

Yes, you can utilise stop-loss orders with MT5. You can either double-click on a trade in the trade window and modify the stop loss or drag the stop loss levels on the chart directly.

How Much Leverage Does the MT5 Trading Platform Have?

Leverage is set by the broker, not the MetaTrader 5 trading platform. In Australia the maximum leverage you can trade Forex with as a retail trader is 30:1 for major pairs and 20:1 for minor pairs. If you qualify as a professional trader (sophisticated investor) then you can trade with leverage up to 1:500.

Can You Use a Demo Account With MT5?

Yes, you can use a demo account with MT5 however most brokers offer MT4 as the default demo account option.

Can You Use MT5 In Australia?

Yes, you can certainly use MT5 in Australia. All of the 7 brokers listed above offer MT5 which Australian clients can take advantage of.

Can You Spread Bet With MT5?

Yes, but only in the UK, Ireland and Canada due to regulatory restrictions in Australia and most other countries.

Does MT5 Have a WebTrader?

Yes, MT5 has WebTrader capabilities. The MetaTrader 5 web platform allows you to trade forex, stocks and futures from both iOS and Android operating systems.

Is MT5 Available As An App?

Yes, MT5 is available as a mobile app on both Android and Apple iOS devices.

Can You Use MT5 With A Mac?

Yes, MT5 is one of the best trading platforms for Mac. You can launch the MetaTrader 5 on your MacBook Pro, iMac or iMac Pro from your applications data folder or the Launchpad.

Is MT5 Free?

Yes, MT5 is considered one of the best free forex trading platforms. This includes many Expert Advisors and Indicators. You can however buy ready-made EAs and indicators if you wish. Currencies.

My Verdict: IC Markets Is the Top MT5 Broker

After my rigorous testing, IC Markets stood out as the top MT5 broker, achieving top scores in nearly every category. I tested many factors, covering everything from trading costs and customer service to platform features and execution speed.

IC Markets offered the best combination of low spreads, a good range of tradeable assets and social trading tools.

Background To MetaTrader 5

Software developer MetaQuotes offers two of the most popular trading systems retail investors use. In 2010, MetaTrader 5 (MT5) was released by MetaQuotes to meet the demand for a multi-asset CFD trading platform that provided access to Share CFD trading and more advanced features. Our MT5 review found the benefits of MT5 include:

• The ability to trade Share CFDs
• More intuitive and user-friendly interface
• Improved charting and analysis tools
• Expert Advisors and MQL5
• A range of order types

Share CFD Trading with MT5

Although MetaTrader 4 is the gold standard for forex trading, Share CFD trading is prohibited, leading to the demand for MT5. The trading system is popular among retail investors, as hedging is allowed with no FIFO rule. As well as Share CFDs, multiple asset classes are available to trade on the MT5 platform.

MT5 Interface

Compared to MT4, MT5 is easy to install and use. The MetaQuotes software is available as a desktop platform (Windows and Mac OSX), WebTrader platform, and iOS and Android apps. The desktop and WebTrader interfaces allow retail investors to trade in a professional environment, with extensive tools and features available to trade forex and CFDs. Similarly to the desktop and WebTrader platforms, MT5’s mobile apps allow for easy access to financial markets and fast order execution while a trader is on the move.

Technical Analysis

Traders using MT5 can utilise the platform’s 21 timeframes, much more than MT4’s 9 and an excellent upgrade suited to day traders and scalpers. Regarding technical analysis, MT5 offers 38 indicators (compared to MT4’s 30) to assist traders with complex trading strategies.

Fundamental analysis tools are also available on MT5, including an economic calendar with news, upcoming events, and market conditions.

• Buy Limit: A buy order that can only be executed at below the market price. A buy limit order is usually placed when the price of a CFD has fallen, and it’s expected to rise.
• Sell Limit: A sell order that can only be executed above a certain price. A useful pending order when the instrument’s price has risen and is to decrease.
• Buy Stop: Used if a CFD price is increasing and expected to continue to increase. A Buy Stop order is placed above the current price.
• Sell Stop: An order to be executed below market price. A Sell Stop is useful if the instrument’s price is decreasing and is anticipated to continue decreasing.
• Buy Stop Limit: An order that is a combination of a Buy Limit order and a Buy Stop order.
• Sell Stop Limit: Features of a Sell Limit order and a Sell Stop order.

• Stop Loss: This order automatically closes out positions when a CFD’s price moves in an unfavourable direction to limit losses during times of volatility.
• Take Profit: A Take Profit order automatically closes out an open position when a CFD has increased to a certain price. This allows traders to secure profits when securities are rising in price.

Expert Advisors and MQL5

Expert Advisors (EAs) are trading robots that perform technical analysis and automate trading activities. EAs allow markets to be monitored 24 hours a day while following an algorithm that increases trading efficiency. Analysing markets manually can be time-consuming, yet when using EAs, large amounts of data can be calculated nearly instantly. Therefore, algorithmic trading strategies such as EAs can execute orders quickly when markets become volatile, ensuring traders benefit from favourable price movements.

A benefit of MT5 over MT4 includes the multi-thread backtesting abilities. When backtesting What Is The Best Automated Trading Platform on MT4, only a single currency can be tested, while MT5 allows for multi-currency backtesting. This allows traders to test EA strategies against historical data before executing orders in the real market. If you’re still unsure, read our guide on MT5 vs MT4.

The MetaQuotes Language 5, aka MQL5, is an advanced programming language that allows traders to write algorithmic trading strategies as well as technical indicators. Compared to MQL4, the upgraded MQL5 is easier to use and a more efficient coding language.

Why Choose MetaTrader 5?

1) Improved Timeframes and Charting

MetaTrader 5 offers 21 timeframes compared to just 9 for MT4. There are also unlimited charting options, with over a hundred that can be open at one time.

2) Fundamental Analysis Availability

There is an inbuilt MT5 forex calendar that has features such as schedules, new events, forecasts, expected impacts and other elements. These are perfect for traders who prefer fundamental analysis to make their trading decisions.

3) Commerce Integration

Unlike MT4, the newer platform has commerce integration that allows traders to rent or purchase currency (forex) products directly. This can be done through the market tab.

4) Extra Indicators

MetaTrader 5 has 38 inbuilt indicators, 22 analytical objects, and 46 graphical objects. Compare this to MT4’s 30 indicators, and it’s the financial instruments advancements made.

5) A Plethora Of Market Order Ability

MT5 allows for 2 market orders and 6 pending orders, as well as 2 stop orders. Compare this to MT4, which only allows 2 market orders and 4 pending orders.

Major Benefits of MT5

One of the major benefits of the MetaTrader 5 platform is that traders are not confined to just utilising the built-in analytical resources such as the MetaTrader 5 tables, graphs, and market indicators. Thanks to MQL5, a high-performance programming language, traders can create their very own technical indicators.

With a bit of coding know-how, traders can even create trading robots, often called “Expert Advisors.” Trading robots can automatically implement nearly any trading strategy based on several key input calculations, allowing traders to access highly accurate market analysis and forecasts.

Risk Disclaimer

Trading forex and contracts for difference carries a high degree of inherent risk, no matter which brokerage you choose. Our team advises new traders to take advantage of demo accounts and other tools to develop a strategy and familiarise themselves with a preferred trading platform before beginning to trade ‘live’. Never trade with money you cannot afford to lose; use extreme caution when trading with leverage.

Trading with a licenced, regulated retail investment brokerage does not guarantee success in trading. Still, it will protect your funds against loss due to unethical practices, such as pooling customer and broker money. Likewise, do not attempt to circumvent relevant regulations or restrictions in your jurisdiction, as doing so may subject you to legal action or forfeiture of your trading profits.

About the author:

Justin Grossbard

Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. He has also published a book in 2023 on on investing and trading.

Best MetaTrader Brokers of 2025

Whether you are a beginner trader or an experienced stock market investor, diversifying into other asset classes is an increasingly common strategy as online brokers and trading platforms inch towards a truly multi-asset future.

The wildly popular MetaTrader platform suite (which includes MetaTrader 4 and MetaTrader 5) is a great choice for crossing from securities into foreign exchange (forex) trading – particularly if you use MT5, which supports stock trading. This guide will dive into the world of MetaTrader and list my picks for the best MetaTrader brokers for stock trading in 2025.

Best MetaTrader Brokers for stock trading in 2025

4.5 Overall

Best MetaTrader broker for trading stocks

Traders choose Admirals (formerly Admiral Markets) for its excellent investor education and advanced MetaTrader features — such as the Supreme add-ons — alongside an extensive range of shares, forex and CFD markets, and premium research content.

4.5 Overall

Offers cash equities via IC Shares through FinClear platform

IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. IC Markets delivers an impressive range of social copy-trading platforms and platform plugins, and the broker’s research and educational offerings have recently improved.

5.0 Overall

Offers cash equities via its CMC Invest platform

CMC Markets is well-trusted across the globe, and delivers a terrific trading experience thanks to its excellent pricing and selection of nearly 12,000 tradeable instruments. CMC Markets’ proprietary Next Generation trading platform is packed with quality research and innovative trading tools.

4.5 Overall

Offers the full MT suite and cash equities on its StoneX One platform

FOREX.com (StoneX) is known for providing forex traders a well-rounded offering. It is publicly traded and offers FX traders a large variety of trading tools. Beyond offering its own proprietary trading platform, FOREX.com also offers the full MetaTrader suite to customers, making it an ideal choice for investors of all experience levels.

5.0 Overall

Offers MetaTrader 4 (MT4) and stocks on its proprietary platform suite

tastyfx, IG’s newest brand, provides an experience specifically designed for U.S. forex traders. tastyfx delivers competitive spreads, powerful research, advanced trading tools, and an excellent platform suite for web and mobile. Under the IG brand, it has won many of ForexBrokers.com’s most prestigious Annual Awards and ranks at or near the top of nearly every major category.

4.0 Overall

Offers the full MetaTrader suite and stocks via its Blackbull Invest platform

BlackBull Markets offers multiple platforms, including the full MetaTrader suite (MetaTrader 4 and MetaTrader 5), cTrader, TradingView, and multiple social copy trading apps. It also offers a growing range of third-party trading tools from Autochartist and Acuity. In our 2025 Annual Awards, BlackBull Markets earned Best in Class honors for Range of Investments.

compare_arrows Compare trading platforms head-to-head

Use the broker comparison tool to compare over 150 different account features and fees.

Best MetaTrader broker for trading stocks – Admirals

Company	Overall	MetaTrader 4 (MT4)	MetaTrader 5 (MT5)	Minimum Deposit
Admirals

Admirals (previously known as Admiral Markets) offers the full MetaTrader platform suite, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), alongside nearly 5,000 stocks. Admirals’ stock offering consists of cash equities (non-CFD) including fractional shares and fractional ETFs, with low account minimums.

Admirals supports stock trading on its MT5 platform, which also comes with free platform add-ons such as StereoTrader, Supreme Edition, and more. For CFDs (not available to U.S. investors) Admirals offers over 200 stocks on MT4, and well over 3,000 on MT5. Simply put, Admirals is my top choice if you want to trade both stocks and forex from within the MetaTrader platform. To learn more about Admirals, check out my Admirals review on ForexBrokers.com.

Best broker for MetaTrader across all assets (shares available via FinClear) – IC Markets

Company	Overall	MetaTrader 4 (MT4)	MetaTrader 5 (MT5)	Minimum Deposit
IC Markets

IC Markets would have taken first place were it not for the fact that its stock offering is segmented away on a different platform – FinClear (available via the broker’s IC Shares product). That said, IC Markets’ MetaTrader 4 and MetaTrader 5 are still formidable opions for manual and algorithmic trading, including for scalping, and come packed with add-ons and plugins to enhance the default MetaTrader setup.

MetaTrader users at IC Markets gain access to the Advanced Trading Tools package – a suite of platform add-ons developed by FX Blue. IC Markets also provides installable third-party plugins from Trading Central and Autochartist. It’s also worth noting that in the ForexBrokers.com Annual Awards, IC Markets has won the top spot for MetaTrader for four years straight. Learn more by reading my IC Markets review over at ForexBrokers.com.

Excellent pricing and spreads on MT4 – CMC Markets

Company	Overall	MetaTrader 4 (MT4)	MetaTrader 5 (MT5)	Minimum Deposit
CMC Markets

CMC Markets is our top choice for MetaTrader brokers that offer cash equities or the ability to trade actual shares (not CFDs). While CMC Markets does offer CFDs on its MT4 platform to non-US investors, shares are available on its CMC Invest platform (depending on your country of residence and the applicable CMC Markets entity that holds your account). Despite the fact that MT5 is not yet available at CMC Markets, the broker remains a great choice for MetaTrader enthusiasts due to its excellent pricing, lack of restrictions on scalping strategies, and the multiple add-ons powered by FX Blue.

CMC Markets is a highly trusted, publicly traded (LSE: CMCX) broker regulated across multiple Tier-1 jurisdictions. Traders who are interested in dabbling in the forex market will find a wide selection of tradable symbols; CMC Markets has nabbed the ForexBrokers.com Annual Award for #1 Most Currency Pairs three years in a row. Check out my CMC Markets review on ForexBrokers.com.

Great choice for MT5 – FOREX.com

Company	Overall	MetaTrader 4 (MT4)	MetaTrader 5 (MT5)	Minimum Deposit
FOREX.com

FOREX.com, part of StoneX (NASDAQ: SNEX), is a highly trusted, top-ranking forex broker that offers the full MetaTrader suite (both MT4 and MT5). FOREX.com also offers a proprietary platform suite, and multiple account types depending on your trading needs, including MetaTrader in the U.S. and globally. Traders at FOREX.com gain access to third-party platforms like Trading Central and MetaTrader add-ons from FX Blue including Expert Advisors (EAs), which give a boost to the brokers’ overall MetaTrader offering.

FOREX.com’s high-quality educational content helped it win the ForexBrokers.com 2024 Annual Award for #1 Interactive Educational Experience. Clients also benefit from FOREX.com’s in-house Performance Analytics, which combines behavioral finance and quantitative analysis of your trading history to deliver feedback on a per-trade and post-trade basis. Find out more by reading my FOREX.com review.

FAQs

Can you use MetaTrader to trade stocks?

Yes, MetaTrader 5 (MT5) supports stock trading and is offered by a growing number of the best international stock brokers. Whether you can trade stock CFDs or cash equities (exchange-traded securities and funds) will depend on your broker and country of residence. Though MT5 supports the ability to trade stocks, MT4 does not. The range of markets available to you will depend entirely on your broker.

Note: Many brokers that offer stock trading on MT5 do not accept U.S. clients, and some brokers may only offer stocks on MT5 as CFDs.

Does MetaTrader 4 (MT4) support stock trading?

Generally speaking, MT4 supports only a handful of stocks, indices and derivatives, because the range of symbols that can be added is limited to just over 1,200, and its technology infrastructure is not compatible for integration with stock exchanges. MetaTrader 5 (MT5) supports thousands of symbols and is the de facto choice for brokers when integrating stocks into their MetaTrader platforms.

Can I use MetaTrader in the US?

Yes, the MetaTrader platform suite is available in the U.S. from the following U.S.-regulated brokers in 2025:

• tastyfx (powered by IG): Offers MetaTrader 4 (MT4)
• FOREX.com (part of StoneX Group): Offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
• OANDA: Offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
• Trading.com: Only offers the MetaTrader 5 (MT5) platform.

It’s worth noting that most forex brokers offering stock trading on MT5 are international and offer them as contract for differences (CFDs), which are not available to U.S. residents. This means that while you can use MT5 in the U.S., the range of products that you can trade will generally be limited to forex and metals.

Can I trade US30 on MetaTrader 5?

Yes, in most cases (depending on the broker you choose) indices are typically available from regulated MT5 brokers alongside their forex and stock offering. The US30 aims to track the underlying price of the futures index for the Dow Jones Industrial Average (DJIA) based on the 30 stocks that comprises the index. Brokers try to replicate the index and offer it as a CFD or futures product.

Our Research

Why you should trust us

Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).

All content on StockBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Read our Generative AI policy to learn more.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust.

How we tested

In order to assess the best brokers for traders looking to use the MetaTrader 5 platform, we researched and tested each individual broker’s MetaTrader offering.

We examine a wide range of features and evaluate forex brokers based on our own data-driven variables. We determine whether the broker offers the MetaTrader 4 and/or MetaTrader 5 software developed by MetaQuotes Software Corp, and we look for a number of supplementary features that can distinguish MetaTrader offerings. Features that our researchers look for include custom Expert Advisors (Experts or EAs), the availability of the signals market, the ability to use VPN, the number of account types and execution methods, among a host of other data-driven variables.

Read next

• Best Options Trading Platforms for 2025
• Best Stock Trading Platforms for Beginners of 2025
• Best Stock Trading Apps for 2025
• Best Paper Trading Apps & Platforms for 2025
• Best Futures Trading Platforms for 2025: A Beginner-Friendly Guide to an Advanced Market
• Best Online Brokers & Trading Platforms for 2025
• Best Day Trading Platforms for 2025
• Best Brokers for Penny Stock Trading of 2025

https://www.compareforexbrokers.com/trading-platforms/best-mt5-brokers/

https://www.stockbrokers.com/guides/best-metatrader-brokers