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Exness
FCA (UK)Up to 90% Daily Spread Rebates
Earn up to 90% of spread/commission back daily via partner codes. Premier clients earn 200-600 EXD.
Verified Oct 8, 2026
Best MT5 ECN Brokers 2026
Last updated October 9, 2026
Top forex brokers offering MetaTrader 5 with true ECN execution, raw spreads, and advanced trading features.
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 MT5 ECN trading
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.
#1 · Best for MT5 ECN trading
IC Markets
Editor's pickMin. deposit $200
- Consistently deepest liquidity and tightest raw spreads (0.0)
- Servers located in NY4 & LD5 datacenters for <40ms latency
- No restrictions on scalping, hedging, or EAs
ASIC (Australia), CySEC (Cyprus), Seychelles FSA
#2 · Strong alternative
Eightcap
Editor's pickMin. deposit $100
- 100+ crypto CFDs available
- TradingView integration
- ASIC and FCA regulated
ASIC (Australia), FCA (UK), SCB (Bahamas)
Why these two
Of every broker we track, these two stand out specifically for MT5 ECN trading — 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 ECN Brokers?
IC Markets ranks #1 among 25 brokers tested for Best MT5 ECN Brokers with EUR/USD spreads from 0.0 and a minimum deposit of $200. Rankings are based on spread data, regulation tier, and platform testing published in our methodology.
Top 10 MT5 ECN Brokers in 2026
MetaTrader 5 offers advanced features over MT4 including more timeframes, depth of market, and economic calendar integration. Our current ranking starts with IC Markets where it is available, followed by Eightcap, VT Markets, and Exness. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account.
Cost-Focused Offers
Browse All PromotionsVerified rebates and cost-focused offers
For low-spread and ECN-style pages, we prioritize cashback, rebate, and commission-offset style promotions over louder bonus messaging.
Cashback / Rebate
IC Markets
ASIC (Australia)Up to $2.50/Lot Rebate + 21% Comm Off
Raw Trader Plus rebate up to $2.50/lot. Save ~$1.50/lot with 21% lifetime commission discount.
Verified Oct 8, 2026
FP Markets
ASIC (Australia)Refer a Friend: Earn up to $200
Referral bonus pays $50-$200 after a friend funds and trades the required volume.
Verified Sep 15, 2026
Quick Rankings
Get your personalized toplist:
FIND MY BROKER| Broker | Withdrawal | MT5 Features | Depth of Market | Hedging Allowed | Regulation & funding | Action | ||
|---|---|---|---|---|---|---|---|---|
| 0.0 | $200 | 24-48 hours | All timeframes, DOM, Economic Calendar | Yes | Yes | No tier-1 licence listed | ||
| 0.0 | $100 | 1-2 business days | All timeframes, DOM, Economic Calendar | Yes | 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 | $0 | Instant | All timeframes, DOM, Economic Calendar | Yes | Yes | No tier-1 licence listed | ||
| 0.0 | $10 | Instant for most electronic methods | All timeframes, DOM, Economic Calendar | Yes | Yes | No tier-1 licence listed | ||
| 0.0 | $100 | Same day to 1 business day | All timeframes, DOM, Economic Calendar | Yes | Yes | No tier-1 licence listed | ||
 | 0.0 pips (ECN) | $50 | 1-2 business days | — | — | — | FCA (UK)ASIC (Australia)FSCA (South Africa) | |
| 0.0 | $0 | 24 hours | All timeframes, DOM, Economic Calendar | Yes | Yes | No tier-1 licence listed | ||
| 0.6 | $5 | 24 hours | All timeframes, DOM, Economic Calendar | Yes | Yes | No tier-1 licence listed | ||
 | 0.0 pips (Raw ECN) | $50 | 1-2 business days | — | — | — | ASIC (Australia)FCA (UK)CIMA (Cayman) | |
 | 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) | |
| 0.1 | $0 | 1-2 business days | All timeframes, DOM, Economic Calendar | Yes | Yes | No tier-1 licence listed | ||
| 0.1 | $100 | 24 hours | All timeframes, DOM, Economic Calendar | Yes | Yes | No tier-1 licence listed | ||
 | 0.0 pips (Raw+) | 1.2 pips (Standard) | $100 | 1 business day | — | — | — | FCA (UK)CySEC (Cyprus)FSCA (South Africa) | |
| 0.0 | $0 | 1-2 business days | All timeframes, DOM, Economic Calendar | Yes | 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 (GO Plus+) | 1.1 pips (Standard) | $0 | 1-2 business days | — | — | — | ASIC (Australia)CySEC (Cyprus)FSC (Mauritius) | |
 | 0.0 pips (Raw) | 1.0 pips (Standard) | $100 | 1-2 business days | — | — | — | ASIC (Australia) |
Rank 01 · best overall
Spread
0.0
Min dep.
$200
Withdrawal
24-48 hours
MT5 Features
All timeframes, DOM, Economic Calendar
Depth of Market
Yes
Hedging Allowed
Yes
Rank 02
Spread
0.0
Min dep.
$100
Withdrawal
1-2 business days
MT5 Features
All timeframes, DOM, Economic Calendar
Depth of Market
Yes
Hedging Allowed
Yes
Rank 03
Spread
0.0 pips (Raw ECN) | 1.2 pips (Standard STP)
Min dep.
$50
Withdrawal
1-2 business days
MT5 Features
—
Depth of Market
—
Hedging Allowed
—
ASIC (Australia)FSCA (South Africa)FSC (Mauritius)
Visit VT Markets Read reviewRank 04
Spread
0.0
Min dep.
$0
Withdrawal
Instant
MT5 Features
All timeframes, DOM, Economic Calendar
Depth of Market
Yes
Hedging Allowed
Yes
Rank 05
Spread
0.0
Min dep.
$10
Withdrawal
Instant for most electronic methods
MT5 Features
All timeframes, DOM, Economic Calendar
Depth of Market
Yes
Hedging Allowed
Yes
Rank 06
Spread
0.0
Min dep.
$100
Withdrawal
Same day to 1 business day
MT5 Features
All timeframes, DOM, Economic Calendar
Depth of Market
Yes
Hedging Allowed
Yes
Rank 07
Spread
0.0 pips (ECN)
Min dep.
$50
Withdrawal
1-2 business days
MT5 Features
—
Depth of Market
—
Hedging Allowed
—
FCA (UK)ASIC (Australia)FSCA (South Africa)
Visit Moneta Markets Read reviewRank 08
Spread
0.0
Min dep.
$0
Withdrawal
24 hours
MT5 Features
All timeframes, DOM, Economic Calendar
Depth of Market
Yes
Hedging Allowed
Yes
Rank 09
Spread
0.6
Min dep.
$5
Withdrawal
24 hours
MT5 Features
All timeframes, DOM, Economic Calendar
Depth of Market
Yes
Hedging Allowed
Yes
Rank 10
Spread
0.0 pips (Raw ECN)
Min dep.
$50
Withdrawal
1-2 business days
MT5 Features
—
Depth of Market
—
Hedging Allowed
—
ASIC (Australia)FCA (UK)CIMA (Cayman)
Visit Vantage Read reviewRank 11
Spread
1.3 pips (Standard) | 0.0 pips + commission (Prime/ECN)
Min dep.
$20
Withdrawal
1-3 business days
MT5 Features
—
Depth of Market
—
Hedging Allowed
—
FSCA (South Africa)FSC (Mauritius)FSA (Seychelles)
Visit PU Prime Read reviewRank 12
Spread
0.0 pips (ECN Prime)
Min dep.
$0
Withdrawal
1 business day
MT5 Features
—
Depth of Market
—
Hedging Allowed
—
FMA (New Zealand)FSA (Seychelles)
Visit BlackBull Markets Read reviewRank 13
Spread
0.0 pips (Raw ECN) | 1.2 pips (Standard)
Min dep.
$10
Withdrawal
1-2 business days
MT5 Features
—
Depth of Market
—
Hedging Allowed
—
FCA (UK)FSC (Mauritius)
Visit Hantec Markets Read reviewRank 14
Spread
0.1
Min dep.
$0
Withdrawal
1-2 business days
MT5 Features
All timeframes, DOM, Economic Calendar
Depth of Market
Yes
Hedging Allowed
Yes
Rank 15
Spread
0.1
Min dep.
$100
Withdrawal
24 hours
MT5 Features
All timeframes, DOM, Economic Calendar
Depth of Market
Yes
Hedging Allowed
Yes
Rank 16
Spread
0.0 pips (Raw+) | 1.2 pips (Standard)
Min dep.
$100
Withdrawal
1 business day
MT5 Features
—
Depth of Market
—
Hedging Allowed
—
FCA (UK)CySEC (Cyprus)FSCA (South Africa)
Visit FxPro Read reviewRank 17
Spread
0.0
Min dep.
$0
Withdrawal
1-2 business days
MT5 Features
All timeframes, DOM, Economic Calendar
Depth of Market
Yes
Hedging Allowed
Yes
Rank 18
Spread
0.0 pips (Raw) | 1.6 pips (Classic)
Min dep.
$100
Withdrawal
1 business day
MT5 Features
—
Depth of Market
—
Hedging Allowed
—
FCA (UK)CySEC (Cyprus)FSA (Seychelles)
Visit Tickmill Read reviewRank 19
Spread
0.0 pips (Zero)
Min dep.
$0
Withdrawal
Same day
MT5 Features
—
Depth of Market
—
Hedging Allowed
—
ASIC (Australia)VFSC (Vanuatu)
Visit Fusion Markets Read reviewRank 20
Spread
0.0 pips (ThinkZero)
Min dep.
$0
Withdrawal
1-2 business days
MT5 Features
—
Depth of Market
—
Hedging Allowed
—
ASIC (Australia)FCA (UK)FSCA (South Africa)
Visit ThinkMarkets Read reviewRank 21
Spread
0.0 pips (Raw)
Min dep.
$0
Withdrawal
Same day
MT5 Features
—
Depth of Market
—
Hedging Allowed
—
ASIC (Australia)VFSC (Vanuatu)
Visit Global Prime Read reviewRank 22
Spread
1.5 pips (Standard) | 0.0 pips + $3/lot (ECN)
Min dep.
$50
Withdrawal
24 hours
MT5 Features
—
Depth of Market
—
Hedging Allowed
—
SCA (UAE) 20200000031VARA (UAE) VL/24/06/001ASIC (Australia)
Visit MultiBank Read reviewRank 23
Spread
0.2 pips (Raw)
Min dep.
$100
Withdrawal
1-2 business days
MT5 Features
—
Depth of Market
—
Hedging Allowed
—
FCA (UK)CySEC (Cyprus)CIMA (Cayman Islands)
Visit HYCM Read reviewRank 24
Spread
0.0 pips (GO Plus+) | 1.1 pips (Standard)
Min dep.
$0
Withdrawal
1-2 business days
MT5 Features
—
Depth of Market
—
Hedging Allowed
—
ASIC (Australia)CySEC (Cyprus)FSC (Mauritius)
Visit GO Markets Read reviewRank 25
Spread
0.0 pips (Raw) | 1.0 pips (Standard)
Min dep.
$100
Withdrawal
1-2 business days
MT5 Features
—
Depth of Market
—
Hedging Allowed
—
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.
Our Rating
4.5/5.0
Best ForHigh volume MT5 ECN trading.
Min Deposit$200
IC Markets Review Summary
IC Markets is the world's largest ECN broker by volume. Their MT5 offering includes raw spreads from 0.0 pips and servers located in the NY4 data center.
Pros
- Regulation varies by entity
- Minimum deposit: $200
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Raw — compare account types before opening
Eightcap Review Summary
Eightcap is excellent for MT5 users who also trade crypto. They offer raw ECN spreads for forex and an immense range of crypto CFDs.
Pros
- Regulation varies by entity
- Minimum deposit: $100
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Raw — compare account types before opening
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
Exness Review Summary
Exness offers MT5 with true ECN execution featuring all 21 timeframes, depth of market, and integrated economic calendar. Raw spreads from 0.0 pips.
Pros
- Regulation varies by entity
- Minimum deposit: $0
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening
Our Rating
4.5/5.0
Best ForMT5 ECN Pro for professionals.
Min Deposit$10
RoboForex Review Summary
RoboForex offers MT5 with their ECN Pro account featuring institutional liquidity and raw spreads. Low minimum deposit of just $10.
Pros
- Regulation varies by entity
- Minimum deposit: $10
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening
Our Rating
4.5/5.0
Best ForFlexible MT5 ECN conditions.
Min Deposit$100
FP Markets Review Summary
FP Markets offers genuine ECN pricing on MT5. They provide consistent execution quality and a wide range of tradable assets including crypto.
Pros
- Regulation varies by entity
- Minimum deposit: $100
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Raw — compare account types before opening
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 provides MT5 with ECN/STP execution on their Zero Spread account. Full MT5 features including DOM and multiple asset classes.
Pros
- Regulation varies by entity
- Minimum deposit: $0
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening
XM Review Summary
XM offers an excellent MT5 environment with a strict no re-quotes policy. While not a traditional ECN, their execution speed and reliability rival ECN standards.
Pros
- Regulation varies by entity
- Minimum deposit: $5
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Low — compare account types before opening
Our Rating
4.4/5.0
Best ForRaw spread traders & Australian forex enthusiasts
Min Deposit$50
Vantage Review Summary
Vantage is a multi-regulated broker with MT4, MT5, Vantage App, TradingView access, 0.0 pips (Raw ECN) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Raw ECN spreads from 0.0 pips
- ASIC and FCA regulated
- ProTrader with TradingView built in
- Fast execution speeds
Cons
- $50 minimum deposit for standard account
- Customer support can be slow during peak
- Limited educational resources
Free community platform
Trade With a Plan, Not a Guess
Try 5 days of VIP gold signals free — one of six signal rooms — plus the AI assistant, the academy and the tools our members use. Every tracked signal is on the record, the losing ones too.
No deposit · No card · Free to join
Join @unshakabletraders on Telegram — 5 days of VIP signals free, no deposit
- 1,513
- Signals tracked
- 78%
- Hit take-profit
- +86,455
- Pips, net
- 5.28
- Profit factor
Six signal rooms5-day free trial
VIP scalps, risk-to-reward setups, forex swings, high-frequency ATM calls, London/New York sessions and a 24/5 algo.
Accurate AIAI
Ask for a market read on any timeframe. Informational — never a trade call.
Gamified Academy
50 video lessons and 14 written courses, stage by stage from zero.
Scalper Pro indicator
A chart indicator that marks levels, entry and stops right on the price.
July–August 2026, all Accurate signal groups combined, last platform audit 19 August 2026. Self-reported by Accurate Signals (shown in the member dashboard under Track Record) and not independently audited. Pips are not account profit. Past results do not guarantee future performance.
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. Forex and CFD trading carries significant risk and can result in the loss of your capital. Never deposit money you cannot afford to lose. Past results do not guarantee future performance. This is general education, not financial advice.
All materials are prepared by the Introducer and VT bears no responsibility for the information and/or materials provided. All claims should be directed to the Introducer. All rights of VT and any affiliated entities trading under the "VT" trademark, brand or logo are reserved.
Frequently Asked Questions About MT5 ECN Brokers
Frequently Asked Questions
MT5 offers more timeframes (21 vs 9), more order types, depth of market, built-in economic calendar, and improved MQL5 programming language. ECN execution on MT5 provides raw spreads from liquidity providers.
Depth of Market shows real-time buy and sell orders at different price levels. This transparency helps ECN traders see actual market liquidity and plan entries/exits more effectively.
Yes, most MT5 ECN brokers allow hedging. MT5 supports both hedging and netting modes - ensure your broker has hedging enabled if you need it for your trading strategy.
MT5 offers advantages for ECN trading including better depth of market visualization, more order types, and faster backtesting. However, EA compatibility with MT4 makes both platforms popular.
Most MT5 ECN brokers charge $3-4 per lot round-turn commission with raw spreads from 0.0 pips. This typically results in lower total costs than standard accounts with wider spreads.
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
- IC Markets Trading Accounts— IC Markets
- Exness Accounts— Exness
- HFM Trading Accounts— HFM
- BrokerAnalysis ranking methodology— BrokerAnalysis
- BrokerAnalysis data sources— BrokerAnalysis
- BrokerAnalysis editorial policy— BrokerAnalysis
Related Broker Pages
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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.
Not Financial Advice:
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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Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows the country-acceptance status captured in our latest eligibility checks.