MT5
Updated:
Below are forex brokers that support MT5, MetaQuotes' multi-asset trading platform.
Brokers supporting MT5
RoboForexRead review- Minimal spreads
- Fast withdrawals
Forex4youRead review- Withdrawal requests are typically processed within two hours
- Scalping is allowed
EXNESSRead review- Low spreads
- Very fast trade execution
- Read review
AAATradeRead review- Competitive commissions
- Client funds held in Swiss banks
ICM CapitalRead review- No advantages listed.
MultiBank GroupRead review- Regulated across multiple international jurisdictions
- Low forex and CFD fees
FXTMRead review- ECN accounts with tight spreads
- Broad range of forex pairs
FIBOGroupRead review- Cent accounts available
- Scalping permitted
Admiral MarketsRead review- Low spreads and reliable trading conditions
- Daily market analysis and quality forecasts
AmarketsRead review- Demo account lets you trade using virtual money
- Simple deposit and withdrawal process
FinamRead review- User-friendly platform for trading stocks and futures
- Wide range of tradable instruments
FxProRead review- Withdrawals are processed quickly
- Deposits are insured
FBS IncRead review- Scalping-friendly trading conditions
- No re-quotes on order execution
BCSRead review- Very narrow spreads
- Wide choice of trading instruments, including stocks of Russian and foreign companies
LiteForexRead review- Regular trading contests with real cash prizes
- Low $1 minimum deposit
AlpariRead review- Cash-prize contests and promotions
- 17 years operating in the market
OtkritieRead review- Solid choice for stock-market trading
VTB24Read review- No meaningful advantages identified for traders.
MetaTrader 5 (MT5) is a multi-asset trading platform developed by MetaQuotes Software as the successor to MetaTrader 4 (MT4). Alongside forex, it supports trading stocks, futures, and other instruments, with built-in tools for technical and fundamental analysis.
Key features of MT5
- Technical analysis: over 80 built-in indicators and analytical objects.
- Fundamental analysis: an integrated economic calendar and news feed.
- Algorithmic trading: Expert Advisors (EAs) for automated strategies, backed by an advanced strategy tester.
- Copy trading: built-in tools to follow other traders' signals.
- Multi-asset access: forex, stocks, futures, and commodities from one platform.
- Market depth: visibility into pending buy and sell orders, not available on MT4.
MT5 vs MT4 and cTrader
MT5 extends MT4 with more asset classes, more chart timeframes, and market depth data. Compared with cTrader, MT5 keeps EA support, which cTrader lacks.
| Feature | MT5 | MT4 | cTrader |
|---|---|---|---|
| Asset classes | Multi-asset | Mainly forex | Multi-asset |
| Market depth | Yes | No | Yes |
| Timeframes | 21 | 9 | 14 |
| Economic calendar | Integrated | External | Integrated |
| Strategy tester | Advanced | Basic | Intermediate |
| Expert Advisors (EAs) | Supported | Supported | Not supported |
Who MT5 suits
Traders who want to cover multiple asset classes beyond forex, run automated strategies, or need order-book depth get the most from MT5's toolset. Traders who only trade forex and prefer a lighter, simpler interface may still prefer MT4.
Limitations
- Steeper learning curve than MT4 due to the larger feature set.
- More demanding on computer resources, especially with multiple charts and EAs running.
- Not every broker offers MT5, which can limit availability.