Best MetaTrader 5 Brokers 2026
After extensive hands-on testing, these MetaTrader 5 brokers offer the best trading conditions.
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In our testing, FOREX.com's MT5 provided reliable execution with spreads around 0.8 pips on EUR/USD and competitive commissions on RAW accounts ($5 per side). MT5 offers a range of assets, including forex, indices, commodities, and cryptocurrencies, with strong platform stability.
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2
In tests, Exness' MT5 had tight spreads from 0.0 pips on Raw accounts with $3.50 per side commissions. Execution was fast, even in high volatility, with full access to expert advisors for automated trading.
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3
In our test of IC Markets' MT5, the execution speed was excellent, making it suitable for scalping and high-frequency trading. Raw spreads were as low as 0.0 pips on major pairs, with $3.00 per side commissions. There is no inactivity fee, no minimum deposit, and a large range of CFDs including forex, crypto, indices, and commodities.
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4
When we tested RoboForex’s MT5, execution was fast, with spreads starting at 0.0 pips on Pro accounts and $3 commissions per side. The platform offers many assets, including forex, indices, commodities, and cryptocurrencies, and provides advanced charting and risk management tools for active traders.
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5
Trading on XM's MT5 had fast execution. Spreads averaged 0.6 to 1.0 pips on major pairs, varying by account type, with Ultra Low accounts offering tighter spreads. Most trades had no commission, low deposit minimums, and no early inactivity fee. The platform provided strong asset variety and reliable performance across forex, indices, and stocks.
MT5 Brokers Comparison
| Broker |  |
USD Account |
VPS Hosting |
AutoTrading |
|---|---|---|---|---|
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✓ | ✓ | Expert Advisors (EAs) on MetaTrader | |
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✓ | ✓ | Expert Advisors (EAs) on MetaTrader | |
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✓ | ✓ | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | |
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✓ | ✓ | Expert Advisors (EAs) on MetaTrader, Strategy Builder in R StocksTrader | |
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✓ | ✓ | Expert Advisors (EAs) on MetaTrader | |
| Broker | |
USD Account |
VPS Hosting |
AutoTrading |
Broker Details Comparison
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Assets |
Platforms |
|---|---|---|---|---|---|---|
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✓ | $100 | 0.01 Lots | 1:50 | Forex, Stock CFDs, Futures, Futures OptionsForex, CFDs, Stock CFDs, Indices, Commodities, Futures, Options, Crypto | WebTrader, Mobile, MT4, MT5, TradingView |
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✓ | Varies based on the payment system | 0.01 Lots | 1:Unlimited | CFDs on Forex, Stocks, Indices, Commodities, Crypto | Exness Trade App, Exness Terminal, MT4, MT5, TradingCentral |
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✓ | $200 | 0.01 Lots | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower |
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✓ | $10 | 0.01 Lots | 1:2000 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures | R StocksTrader, MT4, MT5, TradingView |
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✓ | $5 | 0.01 Lots | 1:10001:30 | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies | MT4, MT5, TradingCentral |
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Assets |
Platforms |
Safety Comparison
Compare how safe the Best MetaTrader 5 Brokers 2026 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
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✗ | ✓ | ✗ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best MetaTrader 5 Brokers 2026.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android, R StocksTrader | ✗ | ||
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iOS, Android & Windows | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best MetaTrader 5 Brokers 2026 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $100 | 0.01 Lots | ✗ | ✗ | ||
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✓ | Varies based on the payment system | 0.01 Lots | ✗ | ✗ | ||
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✓ | $200 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $10 | 0.01 Lots | ✗ | ✓ | ||
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✓ | $5 | 0.01 Lots | ✓ | ✓ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best MetaTrader 5 Brokers 2026 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Expert Advisors (EAs) on MetaTrader | ✓ | ✓ | ✓ | ✗ | 1:50 | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | ✗ | ✓ | 1:Unlimited | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | ✓ | ✗ | ✗ | ✗ | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader, Strategy Builder in R StocksTrader | ✓ | ✗ | ✗ | ✗ | 1:2000 | ✗ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | ✓ | ✗ | 1:10001:30 | ✓ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best MetaTrader 5 Brokers 2026.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✓ |
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✓ | ✗ | ✓ | ✗ | ✓ | ✓ | ✓ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✓ | ✗ | ✓ | ✓ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best MetaTrader 5 Brokers 2026 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best MetaTrader 5 Brokers 2026.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
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✗ | $15 | 0.14 | 1.2 | BTC 1.4%, ETH 2% | |
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✗ | $0 | 0.5 (Apple Inc.) | 0.0 | Floating | |
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✗ | $0 | 0.02 | 0.02 | BTC 42.036 | |
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✗ | $0 | 0.01 | 0.1 | Variable | |
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✗ | $5 | 0.002 | 0.8 | Variable | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best MetaTrader 5 Brokers [year] are in terms of number of clients.
| Broker | Popularity |
|---|---|
| XM |
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| Exness |
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| RoboForex |
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| FOREX.com |
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| IC Markets |
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Why Trade With FOREX.com?
FOREX.com is a top-tier brokerage suitable for forex traders of all skill levels. It offers more than 80 currency pairs, has small spreads starting from 0.0 pips, and features low fees. The platform provides powerful charting tools that include over 100 technical indicators and multiple research aids.
Pros
- Numerous educational materials such as tutorials, webinars, and a comprehensive YouTube channel are available to assist you in learning about the financial markets.
- FOREX.com has over 20 years of experience with strong regulatory oversight, and has received multiple awards, including second place in our 'Best Forex Broker' awards. As such, FOREX.com is globally reputed as a reliable trading brokerage.
- FOREX.com provides top-tier forex pricing beginning at 0.0 pips. They also offer competitive cashback rebates up to 15% for dedicated traders.
Cons
- FOREX.com has expanded their trading offerings, but these remain limited to forex and CFDs. Unfortunately, they don't provide options to invest in actual stocks, ETFs, or cryptocurrencies.
- US clients do not have negative balance protection, so you can potentially owe more than your original account deposit.
- The funding options are not as extensive as those of top competitors such as IC Markets and lack several widely-used e-wallets, particularly UnionPay and POLi.
Why Trade With Exness?
Exness is an excellent choice for active forex traders aiming to reduce costs after lowering spreads, enhancing execution speeds, and offering trading on over 100 currency pairs with more than 40 account currencies.
Pros
- Exness Terminal provides an easy experience for beginners with interactive charts, and creating watchlists is simple.
- Execution speeds now average under 25ms, providing ideal conditions for short-term traders.
- Fast and reliable 24/7 multilingual customer support through phone, email, and live chat, validated by practical tests.
Cons
- Besides a mediocre blog, educational resources are lacking, especially compared to category leaders like IG, which offer a more comprehensive trading journey for new traders.
- MetaTrader 4 and 5 are supported, but TradingView and cTrader are not available yet, despite increasing demand from traders and their integration with other platforms like Pepperstone.
- Retail trading services are not available in some areas, including the US, UK, and EU, making them less accessible compared to leading brokers like Interactive Brokers.
Why Trade With IC Markets?
IC Markets provides excellent prices, quick execution, and smooth deposits. The utilization of sophisticated charting platforms such as TradingView and the Raw Trader Plus account makes it a preferred choice for intermediate to advanced traders.
Pros
- IC Markets, a well-regulated and respected broker, emphasizes client security and transparency for a trustworthy global trading experience.
- You can trade more than 2,250 CFDs in various markets, such as forex, commodities, indices, stocks, bonds, and cryptocurrencies. This range enables varied trading strategies.
- IC Markets provides fast and reliable 24/5 support for account and funding issues.
Cons
- IC Markets have a selection of metals and cryptos for trading through CFDs, but their range is not as wide as brokers such as eToro. This may limit options for traders who are interested in these asset types.
- The range and quality of educational materials, such as tutorials and webinars, require improvement. This lag falls behind competitors like CMC Markets and reduces its suitability for novice traders.
- Interest is not earned on unused funds, a feature commonly available at other platforms such as Interactive Brokers.
Why Trade With RoboForex?
RoboForex offers a broad selection of over 12,000 trading markets along with ECN accounts, impressive charting, and loyalty incentives. It is also advantageous for stock traders due to its intuitive R StocksTrader platform, which provides access to over 3,000 shares, lower fees starting at $0.01, and advanced watchlists.
Pros
- RoboForex offers more than 12,000 instruments for trading. This includes forex, stocks, indices, ETFs, commodities, and futures. Comparatively, this surpasses the trading opportunities available from most online brokers.
- The broker provides up to 1:2000 leverage for some accounts, a peak level in the industry. This high leverage lets traders increase their potential gains, but also increases risk.
- The broker provides two free withdrawals each month in the Free Funds Withdrawal program, assisting traders in reducing transaction expenses.
Cons
- RoboForex provides fair spreads, but some of its account types have high trading commissions up to $20 per lot, which are more expensive compared to more affordable brokers like IC Markets.
- RoboForex, despite having many platforms, does not yet support the commonly used cTrader. This can dissuade traders who favor this platform for trading, which is accessible with firms such as Fusion Markets.
- RoboForex offers many account types which, although flexible, can be daunting for new traders to select the most appropriate for their trading preferences. Other platforms like eToro simplify the process with a single retail account option.
Why Trade With XM?
With a $5 minimum deposit, advanced charting on MT4 and MT5, a growing range of markets, and a Zero account with spreads from 0.0, XM offers what traders need. They have even won our 'Best MT4/MT5 Broker' award recently.
Pros
- XM offers reliable customer support tested over the years, providing 24/5 assistance in 25 languages, responses in under 2 minutes, and an expanding Telegram channel.
- In late 2025, XM received a category 5 license from the Securities and Commodities Authority (SCA) of the United Arab Emirates, enhancing its regulatory standing and positioning it as a strong choice for traders in the Middle East.
- XM excels in trader education by providing well-organized resources like webinars, tutorials, and live trading sessions via XM Live.
Cons
- XM is lagging because it doesn’t offer cTrader and TradingView, which are now preferred over MetaTrader for their better user interface and charting tools.
- The XM app is user-friendly and offers unique copy trading products, but its technical analysis tools need enhancement for advanced traders.
- XM is generally trusted and well-regulated but is registered with weak regulators such as FSC Belize. It no longer accepts UK clients, limiting its market reach.
Filters
Methodology
We reviewed a wide range of brokers offering MetaTrader 5 (MT5) across desktop, web, and mobile.
Using hands-on testing and hundreds of data points, we ranked these brokers based on features, functionality, and user experience.
The MT5 brokers listed here represent the top-rated choices from our comprehensive analysis.
What To Look For in an MT5 Broker
Drawing on our team’s years of evaluating MT5 brokers and my personal experience using the platform, these are the key factors to consider:
Trading Costs: Low Spreads and Commissions
Trading costs can eat into your profits, so look for brokers that offer competitive spreads and low commissions.
Pepperstone and Fusion Markets both stood out during testing for their excellent pricing for active traders.
The best brokers for MT5 will also have transparent fee structures, so you know exactly what you’re paying for every trade.
Variety of Tradable Assets
A good MT5 broker offers a wide range of tradable assets.
While its predecessor, MT4, primarily focused on forex, MT5 was built for multi-asset trading. So whether you’re into forex, stocks, precious metals, or cryptocurrencies, having multiple options under one roof is super convenient.
It’s all about giving you flexibility and diversification in your trading.
Regulation and Trustworthiness
You want a broker regulated by a reputable authority, such as ASIC, the FCA, CySEC, or a similar organization.
Regulation ensures your funds are safe and that the broker operates transparently. Always check a broker’s credentials before committing.
I know that top brokers take extra measures to ensure the security of your funds. So, I always look for MT5 brokers that offer segregated accounts, which means your money is kept separate from the broker’s operational funds, reducing the risk in case of financial difficulties.
Execution Speed and Reliability
MT5 is known for its speed, but it’s only as good as the broker’s execution.
Look for brokers with fast execution speeds and minimal slippage, especially if you’re into scalping or high-frequency trading. Nobody wants to miss out on a good trade because of delays.
Leverage Options
Leverage can be a double-edged sword, but it can also amplify your trading power when used wisely.
I’ve discovered that the best MT5 brokers, like Interactive Brokers, IC Markets and IG, offer flexible leverage options tailored to different trading strategies and risk levels.
Just be sure to understand the risks involved – your losses are also amplified.
Customer Support
Even experienced traders hit a snag sometimes. Responsive customer support is key, whether it’s a platform issue or a question about your account.
The best MT5 brokers offer 24/7 support via multiple channels – live chat, email, and phone. AvaTrade excelled during testing here, with average response times of less than three minutes via live chat.
Educational Resources and Tools
Knowledge is power, especially in trading.
Top MT5 brokers like Fusion Markets often provide a wealth of educational resources like webinars, tutorials, market analysis and even guides and tips to getting the most out of MT5.
These tools can help you sharpen your skills and make informed trading decisions.
Deposit and Withdrawal Flexibility
It is crucial to have a seamless deposit and withdrawal experience. Look for brokers that support multiple payment methods and offer quick processing times.
You’ll find debit cards and wire transfers at most MT5 brokerages, but firms are increasingly offering e-wallets like PayPal and even crypto solutions like Bitcoin transactions.
You want to spend more time trading, not waiting for funds to clear.
Bonus Features: VPS and Copy Trading
Some MT5 brokers like IC Markets go the extra mile with features like Virtual Private Servers (VPS) for uninterrupted trading or copy trading options where you can mimic the strategies of successful traders.
These extras can enhance your trading experience significantly.
Platform Customization and Add-Ons
MT5 is highly customizable, but some brokers take it a step further by offering tailored plugins or proprietary add-ons.
Admirals enhanced the core MT5 platform with its Supreme Edition package, introducing advanced tools such as the Mini Terminal for seamless trade execution and management, and the Tick Chart Trader, which enables pinpoint accuracy by tracking real-time price fluctuations.
These extras can enhance your trading with better analytics, advanced charting tools, or even bespoke trading signals.
Account Types and Minimum Deposits
Different traders have different needs. The best MT5 brokers offer a variety of account types, catering to beginners, intermediates, and pros.
Look for brokers with flexible minimum deposits, with a growing number of providers we’ve tested having no minimum deposit, so you can start small and scale up as your confidence grows.
Broker Reputation
A broker’s reputation can speak volumes. So, I always suggest traders check out online reviews, forums, and social media for real user feedback.
I know that an MT5 broker who consistently receives praise for reliability, transparency, and customer service is usually a good bet.
Mobile Trading Experience
In today’s fast-paced world, it is essential to trade on the go. The best MT5 brokers make sure their mobile apps are as robust as their desktop platforms.
Look for a broker that offers a seamless, intuitive mobile trading experience without sacrificing crucial features.
Social Trading Features
Some MT5 brokers integrate social trading into their platforms, allowing you to connect with other traders, share strategies, or follow experienced traders.
This can be particularly beneficial for beginners looking to learn from pros.
Demo Accounts
I’d suggest always testing the waters before committing real money. The top MT5 brokers provide demo accounts with virtual funds, letting you practice and get comfortable with the platform. This is a great way to test your strategies without risking capital.
Most of our recommendations, like Vantage, Trade Nation, and Fusion Markets, offer demos which can be renewed if required.
Risk Management Tools
Managing risk is crucial in trading.
Leading MT5 brokers offer advanced risk management tools, such as stop-loss orders, take-profit orders, and negative balance protection, to help you stay in control and protect your investments.
Market Research and Analysis
Access to top-notch market research and analysis can give you an edge.
Look for brokers that provide daily market updates, expert insights, and comprehensive analysis. These resources can help you make more informed trading decisions.
Bonus Offers
While not a deciding factor, I’ve discovered that promotional offers and bonuses can be a nice perk. Some brokers offer deposit bonuses, cashback, or loyalty programs, which can add value to your trading experience.
Make sure you read the terms and conditions carefully as many, such as those offered by FXCC, IC Markets and OANDA, are time and region-limited.
Multilingual Support
If English isn’t your first language, consider MT5 brokers that offer support in multiple languages. XM is a frontrunner here with multilingual assistance in over 25 languages.
Having customer service and platform information in your native language can make a big difference in your overall experience.
Innovation and Tech Updates
The trading world is constantly evolving, and so should your broker.
The best MT5 brokers stay ahead of the curve by regularly updating their technology, introducing new features, and adapting to market trends. This ensures you always have the latest tools at your disposal.
Consider these factors, and you can find an MT5 broker that aligns with your trading needs and helps you make the most of this powerful platform.
FAQ
Are All MT5 Brokers the Same?
No, our research and direct experience shows MT5 brokers can differ significantly in terms of execution models (STP, ECN, or market maker), trading fees, customer support, and additional tools.
Some brokers offer unique enhancements, such as custom indicators, advanced analytics, or integrated trading tools, which can make a big difference in your trading experience.
Always compare MT5 brokers to find the one that best suits your trading style and needs.