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BlogRank 01 · best overall
Spread
0.0 pips
Min dep.
$10
Withdrawal
Instant
Platform
MT4, MT5
Timeframes
21
Depth of Market
Yes
Best MT5 Forex Brokers 2026
Last updated October 9, 2026
Compare the best MT5 forex brokers for 2026. We tested spreads, multi-asset support, and execution speed to find the top MetaTrader 5 brokers worldwide.
How We Ranked
Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.
Regulated brokersLow spreadsFast withdrawals
Written by
BrokerAnalysis Research Desk
Fact Checked by
BrokerAnalysis Editorial Team
Personalized broker matching
Need a faster shortlist than reading every broker page?
Use the guided matching flow to narrow your next broker by country, budget, and trading platform before you compare the full table.
Last reviewed:
•By:BrokerAnalysis Research Desk
•Fact-checked by:BrokerAnalysis Editorial Team
Our 2 top picks for MetaTrader 5
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.
#1 · Best for MetaTrader 5
Exness
Editor's pickMin. deposit $1
- Ultra-tight spreads from 0.0 pips
- Instant automated withdrawals 24/7
- Unlimited leverage options
FCA (UK), CySEC (Cyprus), FSCA (South Africa)
#2 · Strong alternative
Vantage
Editor's pickMin. deposit $50
- Raw ECN spreads from 0.0 pips
- ASIC and FCA regulated
- ProTrader with TradingView built in
ASIC (Australia), FCA (UK), CIMA (Cayman)
Why these two
Of every broker we track, these two stand out specifically for MetaTrader 5 — we weigh regulation and safety first, then the exact strengths that matter for this use case. Everything below is the fuller comparison and lower-weight alternatives.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Trade only what you can afford to lose.
What are the best MT5 Forex Brokers?
Exness ranks #1 among 30 brokers tested for Best MT5 Forex Brokers with EUR/USD spreads from 0.0 pips and a minimum deposit of $10. Rankings are based on spread data, regulation tier, and platform testing published in our methodology.
MT5: The Multi-Asset Platform
MetaTrader 5 (MT5) is the successor to MT4, designed to accommodate more than just forex. Our current ranking starts with Exness where it is available, followed by Vantage, VT Markets, and RoboForex. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account.
Quick Rankings
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FIND MY BROKER| Broker | Withdrawal | Platform | Timeframes | Depth of Market | Regulation & funding | Action | ||
|---|---|---|---|---|---|---|---|---|
| 0.0 pips | $10 | Instant | MT4, MT5 | 21 | Yes | No tier-1 licence listed | |
| 0.0 pips | $50 | 1-2 business days | MT4, MT5 | 21 | Yes | No tier-1 licence listed | |
 | 0.0 pips (Raw ECN) | 1.2 pips (Standard STP) | $50 | 1-2 business days | — | — | — | ASIC (Australia)FSCA (South Africa)FSC (Mauritius) | |
 | 0.0 pips | $10 | Instant for most electronic methods | MT4, MT5, R StocksTrader | 21 | Yes | No tier-1 licence listed | |
 | 0.0 pips (Raw) | $100 | Same day to 1 business day | — | — | — | ASIC (Australia)CySEC (Cyprus)SVG FSA | |
 | 0.0 pips (ECN) | $50 | 1-2 business days | — | — | — | FCA (UK)ASIC (Australia)FSCA (South Africa) | |
 | 0.0 pips | $0 | 24 hours | MT4, MT5 | 21 | Yes | No tier-1 licence listed | |
 | 0.6 pips | $5 | 24 hours | MT4, MT5 | 21 | Yes | No tier-1 licence listed | |
 | 1.3 pips (Standard) | 0.0 pips + commission (Prime/ECN) | $20 | 1-3 business days | — | — | — | FSCA (South Africa)FSC (Mauritius)FSA (Seychelles) | |
 | 0.0 pips (ECN Prime) | $0 | 1 business day | — | — | — | FMA (New Zealand)FSA (Seychelles) | |
 | 0.0 pips (Raw ECN) | 1.2 pips (Standard) | $10 | 1-2 business days | — | — | — | FCA (UK)FSC (Mauritius) | |
 | 0.0 pips | $200 | 24-48 hours | MT4, MT5, cTrader | 21 | Yes | No tier-1 licence listed | |
 | 0.0 pips | $0 | 1-2 business days | MT4, MT5, cTrader | 21 | Yes | No tier-1 licence listed | |
 | 0.0 pips (ECN) | 1.5 pips (Standard) | $10 | 24 hours | — | — | — | FCA (UK)CySEC (Cyprus)FSCA (South Africa) | |
 | 0.9 pips | $100 | 1-2 business days | MT4, MT5 | 21 | Yes | No tier-1 licence listed | |
 | 0.5 pips (Standard) | $5 | 1 business day | — | — | — | MFSA (Malta)LFSA (Labuan)VFSC (Vanuatu) | |
 | 0.0 pips (Raw+) | 1.2 pips (Standard) | $100 | 1 business day | — | — | — | FCA (UK)CySEC (Cyprus)FSCA (South Africa) | |
 | 0.0 pips (Raw) | $100 | 1-2 business days | — | — | — | ASIC (Australia)FCA (UK)SCB (Bahamas) | |
 | 0.5 pips | $100 | — | MT4, MT5 | 21 | Yes | No tier-1 licence listed | |
 | 0.0 pips (Raw) | 1.6 pips (Classic) | $100 | 1 business day | — | — | — | FCA (UK)CySEC (Cyprus)FSA (Seychelles) | |
 | 0.0 pips (Zero) | $0 | Same day | — | — | — | ASIC (Australia)VFSC (Vanuatu) | |
 | 0.0 pips (ThinkZero) | $0 | 1-2 business days | — | — | — | ASIC (Australia)FCA (UK)FSCA (South Africa) | |
 | 0.0 pips (Raw) | $0 | Same day | — | — | — | ASIC (Australia)VFSC (Vanuatu) | |
 | 1.5 pips (Standard) | 0.0 pips + $3/lot (ECN) | $50 | 24 hours | — | — | — | SCA (UAE) 20200000031VARA (UAE) VL/24/06/001ASIC (Australia) | |
 | 0.2 pips (Raw) | $100 | 1-2 business days | — | — | — | FCA (UK)CySEC (Cyprus)CIMA (Cayman Islands) | |
 | 0.0 pips (Commission-based) | $10 | 1-5 business days | — | — | — | CySEC (Cyprus) | |
 | From ~1.0 pips (confirm current terms) | $50 | Confirm current terms directly | — | — | — | FCA (UK) | |
 | 0.0 pips (GO Plus+) | 1.1 pips (Standard) | $0 | 1-2 business days | — | — | — | ASIC (Australia)CySEC (Cyprus)FSC (Mauritius) | |
 | 0.7 pips | $1 | 15-20 minutes | MT4, MT5 | 21 | Yes | No tier-1 licence listed | |
 | 0.0 pips (Raw) | 1.0 pips (Standard) | $100 | 1-2 business days | — | — | — | ASIC (Australia) |
Rank 02
Spread
0.0 pips
Min dep.
$50
Withdrawal
1-2 business days
Platform
MT4, MT5
Timeframes
21
Depth of Market
Yes
Rank 03
Spread
0.0 pips (Raw ECN) | 1.2 pips (Standard STP)
Min dep.
$50
Withdrawal
1-2 business days
Platform
—
Timeframes
—
Depth of Market
—
ASIC (Australia)FSCA (South Africa)FSC (Mauritius)
Visit VT Markets Read reviewRank 04
Spread
0.0 pips
Min dep.
$10
Withdrawal
Instant for most electronic methods
Platform
MT4, MT5, R StocksTrader
Timeframes
21
Depth of Market
Yes
Rank 05
Spread
0.0 pips (Raw)
Min dep.
$100
Withdrawal
Same day to 1 business day
Platform
—
Timeframes
—
Depth of Market
—
ASIC (Australia)CySEC (Cyprus)SVG FSA
Visit FP Markets Read reviewRank 06
Spread
0.0 pips (ECN)
Min dep.
$50
Withdrawal
1-2 business days
Platform
—
Timeframes
—
Depth of Market
—
FCA (UK)ASIC (Australia)FSCA (South Africa)
Visit Moneta Markets Read reviewRank 07
Spread
0.0 pips
Min dep.
$0
Withdrawal
24 hours
Platform
MT4, MT5
Timeframes
21
Depth of Market
Yes
Rank 08
Spread
0.6 pips
Min dep.
$5
Withdrawal
24 hours
Platform
MT4, MT5
Timeframes
21
Depth of Market
Yes
Rank 09
Spread
1.3 pips (Standard) | 0.0 pips + commission (Prime/ECN)
Min dep.
$20
Withdrawal
1-3 business days
Platform
—
Timeframes
—
Depth of Market
—
FSCA (South Africa)FSC (Mauritius)FSA (Seychelles)
Visit PU Prime Read reviewRank 10
Spread
0.0 pips (ECN Prime)
Min dep.
$0
Withdrawal
1 business day
Platform
—
Timeframes
—
Depth of Market
—
FMA (New Zealand)FSA (Seychelles)
Visit BlackBull Markets Read reviewRank 11
Spread
0.0 pips (Raw ECN) | 1.2 pips (Standard)
Min dep.
$10
Withdrawal
1-2 business days
Platform
—
Timeframes
—
Depth of Market
—
FCA (UK)FSC (Mauritius)
Visit Hantec Markets Read reviewRank 12
Spread
0.0 pips
Min dep.
$200
Withdrawal
24-48 hours
Platform
MT4, MT5, cTrader
Timeframes
21
Depth of Market
Yes
Rank 13
Spread
0.0 pips
Min dep.
$0
Withdrawal
1-2 business days
Platform
MT4, MT5, cTrader
Timeframes
21
Depth of Market
Yes
Rank 14
Spread
0.0 pips (ECN) | 1.5 pips (Standard)
Min dep.
$10
Withdrawal
24 hours
Platform
—
Timeframes
—
Depth of Market
—
FCA (UK)CySEC (Cyprus)FSCA (South Africa)
Visit FXTM Read reviewRank 15
Spread
0.9 pips
Min dep.
$100
Withdrawal
1-2 business days
Platform
MT4, MT5
Timeframes
21
Depth of Market
Yes
Rank 16
Spread
0.5 pips (Standard)
Min dep.
$5
Withdrawal
1 business day
Platform
—
Timeframes
—
Depth of Market
—
MFSA (Malta)LFSA (Labuan)VFSC (Vanuatu)
Visit Deriv Read reviewRank 17
Spread
0.0 pips (Raw+) | 1.2 pips (Standard)
Min dep.
$100
Withdrawal
1 business day
Platform
—
Timeframes
—
Depth of Market
—
FCA (UK)CySEC (Cyprus)FSCA (South Africa)
Visit FxPro Read reviewRank 18
Spread
0.0 pips (Raw)
Min dep.
$100
Withdrawal
1-2 business days
Platform
—
Timeframes
—
Depth of Market
—
ASIC (Australia)FCA (UK)SCB (Bahamas)
Visit Eightcap Read reviewRank 19
Spread
0.5 pips
Min dep.
$100
Withdrawal
—
Platform
MT4, MT5
Timeframes
21
Depth of Market
Yes
Rank 20
Spread
0.0 pips (Raw) | 1.6 pips (Classic)
Min dep.
$100
Withdrawal
1 business day
Platform
—
Timeframes
—
Depth of Market
—
FCA (UK)CySEC (Cyprus)FSA (Seychelles)
Visit Tickmill Read reviewRank 21
Spread
0.0 pips (Zero)
Min dep.
$0
Withdrawal
Same day
Platform
—
Timeframes
—
Depth of Market
—
ASIC (Australia)VFSC (Vanuatu)
Visit Fusion Markets Read reviewRank 22
Spread
0.0 pips (ThinkZero)
Min dep.
$0
Withdrawal
1-2 business days
Platform
—
Timeframes
—
Depth of Market
—
ASIC (Australia)FCA (UK)FSCA (South Africa)
Visit ThinkMarkets Read reviewRank 23
Spread
0.0 pips (Raw)
Min dep.
$0
Withdrawal
Same day
Platform
—
Timeframes
—
Depth of Market
—
ASIC (Australia)VFSC (Vanuatu)
Visit Global Prime Read reviewRank 24
Spread
1.5 pips (Standard) | 0.0 pips + $3/lot (ECN)
Min dep.
$50
Withdrawal
24 hours
Platform
—
Timeframes
—
Depth of Market
—
SCA (UAE) 20200000031VARA (UAE) VL/24/06/001ASIC (Australia)
Visit MultiBank Read reviewRank 25
Spread
0.2 pips (Raw)
Min dep.
$100
Withdrawal
1-2 business days
Platform
—
Timeframes
—
Depth of Market
—
FCA (UK)CySEC (Cyprus)CIMA (Cayman Islands)
Visit HYCM Read reviewRank 26
Spread
0.0 pips (Commission-based)
Min dep.
$10
Withdrawal
1-5 business days
Platform
—
Timeframes
—
Depth of Market
—
CySEC (Cyprus)
Visit Libertex Read reviewRank 27
Spread
From ~1.0 pips (confirm current terms)
Min dep.
$50
Withdrawal
Confirm current terms directly
Platform
—
Timeframes
—
Depth of Market
—
FCA (UK)
Visit TIO Markets Read reviewRank 28
Spread
0.0 pips (GO Plus+) | 1.1 pips (Standard)
Min dep.
$0
Withdrawal
1-2 business days
Platform
—
Timeframes
—
Depth of Market
—
ASIC (Australia)CySEC (Cyprus)FSC (Mauritius)
Visit GO Markets Read reviewRank 29
Spread
0.7 pips
Min dep.
$1
Withdrawal
15-20 minutes
Platform
MT4, MT5
Timeframes
21
Depth of Market
Yes
Rank 30
Spread
0.0 pips (Raw) | 1.0 pips (Standard)
Min dep.
$100
Withdrawal
1-2 business days
Platform
—
Timeframes
—
Depth of Market
—
ASIC (Australia)
Visit Blueberry Markets Read reviewWe earn a commission when you open an account through the buttons above. It does not change the ranking — our methodology. High risk: 68–80% of retail CFD accounts lose money.
In-Depth Broker Analysis
Our research team continuously monitors over 100 parameters per broker. Below is a detailed breakdown of our top-rated platforms, including their distinct advantages, ideal user profiles, and potential drawbacks.
Exness Review Summary
Exness provides a seamless MT5 experience with instant withdrawals. Their 'Pro' account on MT5 offers raw spreads and unlimited leverage for experienced traders.
Pros
- Instant Withdrawals
- Spreads from 0.0
- Unlimited Leverage
- MT5 Tick History
Cons
- Cent Account MT4 Only
Vantage Review Summary
Vantage offers deep liquidity on MT5 with their raw ECN accounts. Fast execution speeds and the ability to integrate TradingView make it a favorite for tech-savvy traders.
Pros
- Raw ECN Spreads
- ProTrader Tools
- Regulated by ASIC
- Fast Account Opening
Cons
- High min deposit for Pro
Our Rating
4.8/5.0
Best Fortraders who want free signals, 100% deposit bonus, copy trading support, and Raw ECN pricing
Min Deposit$50
VT Markets Review Summary
VT Markets is a multi-regulated broker with MT4, MT5, VT Markets App, WebTrader access, 0.0 pips (Raw ECN) | 1.2 pips (Standard STP) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- 100% deposit bonus on first deposit (minimum deposit $50)
- Raw ECN account with 0.0 pip spread potential
- MT4 and MT5 available across desktop and mobile
- Free Telegram signals funnel through Unshakable Traders
Cons
- Entity, leverage, and protection level vary by country
- Free signals are educational support, not profit guarantees
- Traders still need to manage risk and verify terms before depositing
RoboForex Review Summary
RoboForex leverages MT5's stock market capabilities to the fullest, offering over 12,000 instruments including real stocks. It is a true multi-asset gateway.
Pros
- R StocksTrader
- High Leverage
- CopyFX Integration
- 12,000+ Instruments
Cons
- Variable spreads
Our Rating
4.5/5.0
Best ForECN traders, scalpers & Australian clients
Min Deposit$100
FP Markets Review Summary
FP Markets is a multi-regulated broker with MT4, MT5, cTrader, IRESS access, 0.0 pips (Raw) on EUR/USD, and $100 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- True ECN pricing from 0.0 pips
- ASIC and CySEC regulated
- cTrader and IRESS platforms
- Over 10,000 tradable instruments
Cons
- $100 minimum deposit
- IRESS platform has additional fees
- Limited educational content
Our Rating
4.1/5.0
Best ForECN traders & copy-trading followers across Asia-Pacific
Min Deposit$50
Moneta Markets Review Summary
Moneta Markets is a multi-regulated broker with MT4, MT5, AppTrader, ProTrader access, 0.0 pips (ECN) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- FCA and ASIC regulated
- ECN spreads from 0.0 pips
- Native CopyTrader + DupliTrade copy trading
- Low $50 minimum deposit
Cons
- Relatively newer brand vs. legacy competitors
- Ultra ECN tier needs $20,000
HFM Review Summary
HFM (HotForex) offers a Zero Spread account on MT5 with spreads starting from 0.0 pips. Their 'HFcopy' tool is also integrated, allowing copy trading directly within the ecosystem.
Pros
- Zero Spread Account
- HFCopy on MT5
- 1000+ Instruments
- Bonus Programs
Cons
- Shares only on MT5
XM Review Summary
XM makes the power of MT5 available to everyone with low minimum deposits. Their implementation allows you to trade over 1000 stock CFDs alongside forex pairs from a single account with unified margin.
Pros
- Full MT5 Integration
- Equity/Stock CFDs
- No Requotes
- Good mobile app
Cons
- No real shares (CFD only)
Our Rating
3.5/5.0
Best ForSmall-balance traders in South Africa and Latin America; 24/7 gold traders
Min Deposit$20
PU Prime Review Summary
PU Prime is a multi-regulated broker with MT4, MT5, PU WebTrader, PU Prime App access, 1.3 pips (Standard) | 0.0 pips + commission (Prime/ECN) on EUR/USD, and $20 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- $20 Cent and $50 Standard accounts
- FSCA-authorised entity for South Africa
- 24/7 gold trading (XAUUSD247)
- PU Copy Trading app
Cons
- Most international clients sign with offshore entities
- FCA, Philippine SEC, OSC and Japan FSA warnings
- Trustpilot score suspended; withdrawal complaints
Our Rating
4.3/5.0
Best ForECN traders & New Zealand-based clients
Min Deposit$0
BlackBull Markets Review Summary
BlackBull Markets is a multi-regulated broker with MT4, MT5, cTrader, TradingView, BlackBull App access, 0.0 pips (ECN Prime) on EUR/USD, and $0 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- True ECN with 0.0 pip spreads
- No minimum deposit
- cTrader and TradingView supported
- Equinix data centers for speed
Cons
- Limited Tier-1 regulation
- No proprietary web platform
- Smaller brand recognition
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The 5-day VIP trial is free and needs no deposit. Ongoing access is funded through our VT Markets partnership — the registration link is pinned inside the community for when you are ready.
Frequently Asked Questions About MT5 Forex Brokers
Frequently Asked Questions
Usually yes. MT5 brokers are more likely to support modern web access, browser trading, and updated Mac-compatible installers. If you need older MT4-only EAs you may still prefer MT4, but for a cleaner Mac experience MT5 is often easier to maintain.
For stocks and modern features, yes. MT5 is faster, supports more markets (like futures and stocks), and has better backtesting tools. However, for pure forex trading, many traders still prefer the simplicity of MT4.
No. They are separate platforms with different server architectures. You will need to open a specific 'MT5 Account' with your broker to get login credentials that work on MT5.
Yes. Originally MT5 used 'netting' (US style), but MetaQuotes added a 'hedging' mode years ago. almost all forex brokers offering MT5 now enable hedging by default.
Yes, the platform itself is free for traders.
Top Searched Questions
Which brokers offer MetaTrader 5 in 2026?
Most major forex brokers now offer MT5 alongside MT4. MT5 brokers worth considering provide: access to stocks, indices, and crypto CFDs alongside forex; the depth-of-market window for seeing liquidity; 21 timeframes vs MT4's 9; and the built-in economic calendar. Check if they support hedging mode.
What advantages does MT5 have over MT4?
MT5 offers: 21 timeframes (vs 9 on MT4), built-in economic calendar, depth-of-market, 38 technical indicators (vs 30), 44 analytical objects (vs 31), multi-threaded strategy tester, and access to exchange-traded instruments. MT5 uses MQL5 which supports OOP programming for more complex EAs.
Is MT5 better than other trading platforms?
MT5 excels at multi-asset trading (forex + stocks + crypto CFDs) and algorithmic strategy development. TradingView beats it for charting and social features. cTrader offers better Level II pricing. MT4 has a larger EA library. Choose MT5 if you need multi-asset access with strong automation capabilities.
Information automatically localized based on "mt5 brokers" and related trends.
Sources & References
- Exness Accounts— Exness
- Vantage Account Types— Vantage
- HFM Trading Accounts— HFM
- BrokerAnalysis ranking methodology— BrokerAnalysis
- BrokerAnalysis data sources— BrokerAnalysis
- BrokerAnalysis editorial policy— BrokerAnalysis
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Risk Warning: Forex and CFD trading involves significant risk of loss and may not be suitable for all investors. You could lose more than your initial investment. 68-80% of retail investor accounts lose money when trading CFDs with most providers. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
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Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers. See Editorial Policy and Data Sources.
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