BrokerAnalysis

Compare MT5 Forex Brokers (2026)

Last updated October 9, 2026

The 36 best mt5 brokers ranked side-by-side — spreads, regulation, minimum deposit, and the head-to-head matchups that matter.

How We Ranked

Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.

Regulated brokersLow spreadsFast withdrawals
BrokerAnalysis Research Desk

Written by

BrokerAnalysis Research Desk

BrokerAnalysis Editorial Team

Fact Checked by

BrokerAnalysis Editorial Team

Top Shortlist for Global

#1
MultiBank
MultiBank
Review
#2
IC Markets
IC Markets
Review
#3
VT Markets
VT Markets
Review
Full Comparison
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
Last verified: Oct 2026

Our 2 top picks for Compare MT5

We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.

#1 · Best for Compare MT5
MultiBank

MultiBank

Min. deposit $50
  • Real UAE SCA and VARA licences plus additional entity-specific regulators
  • Large claimed paid-up capital ($322M+)
  • Tight ECN commission ($3/lot)
SCA (UAE) 20200000031, VARA (UAE) VL/24/06/001, ASIC (Australia)
#2 · Best alternative
IC Markets

IC Markets

Min. 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

Why these two

Both brokers are shortlisted specifically for Compare MT5, are regulated, and accept clients for this use case — we gate on regulation and safety first, then rotate the headline across the brokers that genuinely qualify so the same two names don't lead every page. Everything below is the fuller comparison.

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 brokers in 2026?

The best mt5 brokers in 2026 are led by Pepperstone, Exness, VT Markets. They were ranked on regulation, spreads, minimum deposit, and platform support, and every figure in the comparison comes from verified broker data.

How we compare mt5 brokers

MetaTrader 5 adds more timeframes, a built-in economic calendar, and faster multi-asset execution. Our current ranking starts with MultiBank where it is available, followed by IC Markets, VT Markets, and Exness. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account.

How these brokers compare

12 brokers · how we rank

Side-by-side ranking of the best mt5 brokers in 2026.

BrokerWithdrawalWhy This BrokerExecution TypeRegulation & fundingAction
MultiBank4.6/5.0
1.5 pips (Standard) | 0.0 pips + $3/lot (ECN)$5024 hours#6 pick for mt5: High-volume traders who confirm which specific MultiBank entity and licence covers their country.ECN
SCA (UAE) 20200000031VARA (UAE) VL/24/06/001ASIC (Australia)
IC Markets4.6/5.0
0.0 pips (Raw) | 0.8 pips (Standard)$20024-48 hours#7 pick for mt5: Scalpers, EA traders & low-latency algorithmic trading.True ECN
ASIC (Australia)CySEC (Cyprus)Seychelles FSA
VT Markets4.8/5.0
0.0 pips (Raw ECN) | 1.2 pips (Standard STP)$501-2 business days#3 pick for mt5: traders who want free signals, 100% deposit bonus, copy trading support, and Raw ECN pricing.ECN / STP
ASIC (Australia)FSCA (South Africa)FSC (Mauritius)
Exness4.8/5.0
0.0 pips (Raw) | 0.2 pips (Standard)$1Instant#2 pick for mt5: Low-cost traders, high-volume day traders & scalpers.Market Execution
FCA (UK)CySEC (Cyprus)FSCA (South Africa)
FP Markets4.5/5.0
0.0 pips (Raw)$100Same day to 1 business day#10 pick for mt5: ECN traders, scalpers & Australian clients.ECN / DMA
ASIC (Australia)CySEC (Cyprus)SVG FSA
HFM4.5/5.0
1.0 pips (Premium) | 0.0 pips (Zero)$024 hours#12 pick for mt5: Bonus hunters, high leverage users & versatile traders.STP / ECN capabilities
FCA (UK)CySEC (Cyprus)DFSA (Dubai)
XM4.7/5.0
0.6 pips (Ultra Low) | 1.6 pips (Standard)$524 hours#5 pick for mt5: Beginners, education-focused traders & low deposit users.Market Execution
CySEC (Cyprus)ASIC (Australia)DFSA (Dubai)
AvaTrade4.5/5.0
0.9 pips (Standard)$1001-2 business days#9 pick for mt5: Beginners, copy traders & options enthusiasts.Market Maker
Central Bank of IrelandASIC (Australia)FSCA (South Africa)
0.0 pips (Razor) | 1.0 pips (Standard)$0 (Recommended $200)1-2 business days#1 pick for mt5: Advanced traders, automated trading & TradingView enthusiasts.NDD & STP
ASIC (Australia)FCA (UK)CySEC (Cyprus)
Visit Pepperstone Read review74-89% of retail investor accounts lose money when trading CFDs
0.6 pips$1001-2 business days#4 pick for mt5: Beginner-to-intermediate multi-asset CFD traders who value research tools.Market Execution
FCA (UK)CySEC (Cyprus)ASIC (Australia)
GO Markets4.5/5.0
0.0 pips (GO Plus+) | 1.1 pips (Standard)$01-2 business days#11 pick for mt5: Australian traders, MetaTrader users & low-cost ECN accounts.STP / ECN
ASIC (Australia)CySEC (Cyprus)FSC (Mauritius)
Forex.com4.5/5.0
1.2 pips (Standard) | 0.2 pips (Raw)$1001-2 business days#8 pick for mt5: US traders, experienced analysts & volume traders.Market Maker + DMA
CFTC/NFA (USA)FCA (UK)ASIC (Australia)
Rank 01 · best overall
MultiBank4.6/5.0
Spread
1.5 pips (Standard) | 0.0 pips + $3/lot (ECN)
Min dep.
$50
Withdrawal
24 hours
Why This Broker
#6 pick for mt5: High-volume traders who confirm which specific MultiBank entity and licence covers their country.
Execution Type
ECN
SCA (UAE) 20200000031VARA (UAE) VL/24/06/001ASIC (Australia)
Visit MultiBank Read review
Rank 02
IC Markets4.6/5.0
Spread
0.0 pips (Raw) | 0.8 pips (Standard)
Min dep.
$200
Withdrawal
24-48 hours
Why This Broker
#7 pick for mt5: Scalpers, EA traders & low-latency algorithmic trading.
Execution Type
True ECN
ASIC (Australia)CySEC (Cyprus)Seychelles FSA
Visit IC Markets Read review
Rank 03
VT Markets4.8/5.0
Spread
0.0 pips (Raw ECN) | 1.2 pips (Standard STP)
Min dep.
$50
Withdrawal
1-2 business days
Why This Broker
#3 pick for mt5: traders who want free signals, 100% deposit bonus, copy trading support, and Raw ECN pricing.
Execution Type
ECN / STP
ASIC (Australia)FSCA (South Africa)FSC (Mauritius)
Visit VT Markets Read review
Rank 04
Exness4.8/5.0
Spread
0.0 pips (Raw) | 0.2 pips (Standard)
Min dep.
$1
Withdrawal
Instant
Why This Broker
#2 pick for mt5: Low-cost traders, high-volume day traders & scalpers.
Execution Type
Market Execution
FCA (UK)CySEC (Cyprus)FSCA (South Africa)
Visit Exness Read review
Rank 05
FP Markets4.5/5.0
Spread
0.0 pips (Raw)
Min dep.
$100
Withdrawal
Same day to 1 business day
Why This Broker
#10 pick for mt5: ECN traders, scalpers & Australian clients.
Execution Type
ECN / DMA
ASIC (Australia)CySEC (Cyprus)SVG FSA
Visit FP Markets Read review
Rank 06
HFM4.5/5.0
Spread
1.0 pips (Premium) | 0.0 pips (Zero)
Min dep.
$0
Withdrawal
24 hours
Why This Broker
#12 pick for mt5: Bonus hunters, high leverage users & versatile traders.
Execution Type
STP / ECN capabilities
FCA (UK)CySEC (Cyprus)DFSA (Dubai)
Visit HFM Read review
Rank 07
XM4.7/5.0
Spread
0.6 pips (Ultra Low) | 1.6 pips (Standard)
Min dep.
$5
Withdrawal
24 hours
Why This Broker
#5 pick for mt5: Beginners, education-focused traders & low deposit users.
Execution Type
Market Execution
CySEC (Cyprus)ASIC (Australia)DFSA (Dubai)
Visit XM Read review
Rank 08
AvaTrade4.5/5.0
Spread
0.9 pips (Standard)
Min dep.
$100
Withdrawal
1-2 business days
Why This Broker
#9 pick for mt5: Beginners, copy traders & options enthusiasts.
Execution Type
Market Maker
Central Bank of IrelandASIC (Australia)FSCA (South Africa)
Visit AvaTrade Read review
Rank 09
Pepperstone4.8/5.0
Spread
0.0 pips (Razor) | 1.0 pips (Standard)
Min dep.
$0 (Recommended $200)
Withdrawal
1-2 business days
Why This Broker
#1 pick for mt5: Advanced traders, automated trading & TradingView enthusiasts.
Execution Type
NDD & STP
ASIC (Australia)FCA (UK)CySEC (Cyprus)
Visit Pepperstone Read review

74-89% of retail investor accounts lose money when trading CFDs

Rank 10
Markets.com4.7/5.0
Spread
0.6 pips
Min dep.
$100
Withdrawal
1-2 business days
Why This Broker
#4 pick for mt5: Beginner-to-intermediate multi-asset CFD traders who value research tools.
Execution Type
Market Execution
FCA (UK)CySEC (Cyprus)ASIC (Australia)
Visit Markets.com Read review
Rank 11
GO Markets4.5/5.0
Spread
0.0 pips (GO Plus+) | 1.1 pips (Standard)
Min dep.
$0
Withdrawal
1-2 business days
Why This Broker
#11 pick for mt5: Australian traders, MetaTrader users & low-cost ECN accounts.
Execution Type
STP / ECN
ASIC (Australia)CySEC (Cyprus)FSC (Mauritius)
Visit GO Markets Read review
Rank 12
Forex.com4.5/5.0
Spread
1.2 pips (Standard) | 0.2 pips (Raw)
Min dep.
$100
Withdrawal
1-2 business days
Why This Broker
#8 pick for mt5: US traders, experienced analysts & volume traders.
Execution Type
Market Maker + DMA
CFTC/NFA (USA)FCA (UK)ASIC (Australia)
Visit Forex.com Read review

We earn a commission when you open an account through the buttons above. It does not change the ranking — our methodology.Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your 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.

MultiBank logo
Our Rating
4.6/5.0
Best ForHigh-volume traders who confirm which specific MultiBank entity and licence covers their country
Min Deposit$50

MultiBank Review Summary

MultiBank is a multi-regulated broker with MT4, MT5 access, 1.5 pips (Standard) | 0.0 pips + $3/lot (ECN) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Real UAE SCA and VARA licences plus additional entity-specific regulators
  • Large claimed paid-up capital ($322M+)
  • Tight ECN commission ($3/lot)
Cons
  • Marketing claims of '18+ regulators' are inflated — some versions of that count include non-trading registries
  • $60/month inactivity fee is aggressive
IC Markets logo
Our Rating
4.6/5.0
Best ForScalpers, EA traders & low-latency algorithmic trading
Min Deposit$200

IC Markets Review Summary

IC Markets is a multi-regulated broker with MT4, MT5, cTrader, TradingView access, 0.0 pips (Raw) | 0.8 pips (Standard) on EUR/USD, and $200 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • 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
Cons
  • Customer service can be slower during peak times
  • Protection and leverage depend heavily on your account entity
VT Markets logo
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

#3 on this mt5 comparison, rated 4.8/5. Best positioned for: traders who want free signals, 100% deposit bonus, copy trading support, and Raw ECN pricing. Front-line verdict: 100% deposit bonus on first deposit (minimum deposit $50).

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
Cons
  • Entity, leverage, and protection level vary by country
  • Free signals are educational support, not profit guarantees
Exness logo
Our Rating
4.8/5.0
Best ForLow-cost traders, high-volume day traders & scalpers
Min Deposit$1

Exness Review Summary

#2 on this mt5 comparison, rated 4.8/5. Best positioned for: Low-cost traders, high-volume day traders & scalpers. Front-line verdict: Ultra-tight spreads from 0.0 pips.

Pros
  • Ultra-tight spreads from 0.0 pips
  • Instant automated withdrawals 24/7
  • Unlimited leverage options
Cons
  • No cTrader or TradingView integration
  • Educational resources are relatively basic
FP Markets logo
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
Cons
  • $100 minimum deposit
  • IRESS platform has additional fees
HFM logo
Our Rating
4.5/5.0
Best ForBonus hunters, high leverage users & versatile traders
Min Deposit$0

HFM Review Summary

HFM is a multi-regulated broker with MT4, MT5, HFM App access, 1.0 pips (Premium) | 0.0 pips (Zero) on EUR/USD, and $0 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Excellent mobile app functionality with in-app trading
  • No minimum deposit required to start
  • Zero account features competitive 0.0 pip spreads with low commission
Cons
  • No proprietary desktop platform (relies on MT4/MT5)
  • Account types and regulations can be confusing to navigate
XM logo
Our Rating
4.7/5.0
Best ForBeginners, education-focused traders & low deposit users
Min Deposit$5

XM Review Summary

#5 on this mt5 comparison, rated 4.7/5. Best positioned for: Beginners, education-focused traders & low deposit users. Front-line verdict: Outstanding daily webinars and educational courses.

Pros
  • Outstanding daily webinars and educational courses
  • No deposit or withdrawal fees
  • Strict no re-quotes policy with 99.35% execution in <1s
Cons
  • Spreads on Standard account are wider than competitors
  • No crypto trading on weekends
AvaTrade logo
Our Rating
4.5/5.0
Best ForBeginners, copy traders & options enthusiasts
Min Deposit$100

AvaTrade Review Summary

AvaTrade is a multi-regulated broker with MT4, MT5, AvaTradeGO, WebTrader, AvaOptions, AvaSocial access, 0.9 pips (Standard) on EUR/USD, and $100 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Heavily regulated across 7+ jurisdictions
  • Excellent mobile app (AvaTradeGO)
  • DupliTrade and AvaSocial copy trading
Cons
  • Spreads slightly wider than ECN brokers
  • Inactivity fee after 3 months
Pepperstone logo
Our Rating
4.8/5.0
Best ForAdvanced traders, automated trading & TradingView enthusiasts
Min Deposit$0 (Recommended $200)
Read Full ReviewVisit Pepperstone 74-89% of retail investor accounts lose money when trading CFDs

Pepperstone Review Summary

#1 on this mt5 comparison, rated 4.8/5. Best positioned for: Advanced traders, automated trading & TradingView enthusiasts. Front-line verdict: Top-tier liquidity with frequent 0.0 pip spreads.

Pros
  • Top-tier liquidity with frequent 0.0 pip spreads
  • Exceptional platform choice including TradingView and cTrader
  • Award-winning 24/5 customer support
Cons
  • Educational content is good but not standard-setting
  • No proprietary mobile app (relies on MetaQuotes/cTrader apps)
Markets.com logo
Our Rating
4.7/5.0
Best ForBeginner-to-intermediate multi-asset CFD traders who value research tools
Min Deposit$100

Markets.com Review Summary

#4 on this mt5 comparison, rated 4.7/5. Best positioned for: Beginner-to-intermediate multi-asset CFD traders who value research tools. Front-line verdict: Strong tier-1 regulation (FCA, CySEC, ASIC).

Pros
  • Strong tier-1 regulation (FCA, CySEC, ASIC)
  • Easy-to-use Marketsx platform with sentiment tools
  • Investment Strategy Builder & 'Blends'
Cons
  • Inactivity fee after just 3 months
  • 0.6% currency conversion fee

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

Start the free 5-day VIP trial at accurate-signals.com/apply — no deposit, no broker account

The Signal Rooms screen inside the platform showing six Telegram rooms: Accurate Signals VIP, Accurate RR, AccurateFX Swings, Accurate Signals ATM, Accurate sessions and Accurate Flash
Six rooms, each with its own style and schedule — this is the join screen members see.
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 channel 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 Compare MT5 Forex Brokers ()

Frequently Asked Questions

Exness, VT Markets, XM currently lead our mt5 ranking. Exness ranks #1 with 4.8/5, FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles) licensing, and EUR/USD from 0.0 pips (Raw) | 0.2 pips (Standard). The whole group averages 0.3 pips on EUR/USD with minimum deposits from $0.
For mt5 trading, the brokers that lead the ranking combine three things: a Tier-1 licence where available (34 of the 36 here hold one), total trading cost under control (group spreads 0.0–1.6 pips, deposits $0–$1050), and maximum leverage up to 1:10000 for the accounts that need it. MetaTrader 5 adds more timeframes, a built-in economic calendar, and faster multi-asset execution.
34 of the 36 brokers on this page hold at least one Tier-1 licence (FCA, CySEC, ASIC, or equivalent) and the remaining 2 are Tier-2/3 licensed — the licence tier determines leverage limits, deposit methods, and compensation-scheme coverage. Every broker is independently reviewed on this site, and each review page lists the entities it contracts through and their regulators.
Ranking is computed from centralBrokerDatabase fields: overall rating, regulatory tier coverage, EUR/USD spread, minimum deposit, and platform support. For this mt5 comparison the broker set was filtered to 36 public brokers that actually match the niche, then ranked by rating with Tier-1 coverage as the tiebreaker — every figure in the table traces back to a verifiable database field.
All brokers listed on this page offer MetaTrader 5 to traders worldwide with full functionality. USD deposits are supported and each broker is regulated by recognised authorities.
If you trade multiple asset classes, use advanced back-testing, or want more timeframes, MT5 is better. If your EAs are written in MQL4 and you only trade forex, MT4 works fine. Most brokers offer both — you can try each on a demo account.
Yes. Most forex brokers offer MT5 in hedging mode, allowing multiple positions on the same instrument — identical to MT4 behavior. Netting mode (single position per instrument) is available but rarely used in forex retail trading.

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

  1. — IC Markets
  2. — Exness
  3. — HFM
  4. — BrokerAnalysis
  5. — BrokerAnalysis
  6. — BrokerAnalysis

Related Broker Pages

Built from live category and sibling-page coverage

People Also Search For

forex brokersbest forex brokertop forex brokersforex trading brokersbest rated forex brokersrecommended forex brokersbest currency brokersbest brokerage for forexforex brokerforeign exchange brokerbest forex provider

Found this useful? Make us a preferred source on Google

One click — see BrokerAnalysis first in AI Overviews and search results

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.

Affiliate Disclosure:

BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology. Read our Content Standards.

Regional Availability Notice

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.