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MetaTrader 5 (MT5) is the most recent version of the industry-standard MetaTrader Forex trading platform and the first to use multi-asset functionality for stocks, futures and Forex trading. Though still not as popular as the previous MT4 version, MT5 is supported by a growing number of brokers, giving traders a wider trading platform choice.

To test these brokers, we downloaded the MT5 software from our trading account and connected the platform to our live trading accounts. As part of our test, in addition to trading currency pairs, we traded indices, stocks and commodities, which is impossible with previous MetaTrader versions, traded with the expanded set of indicators in unlimited chart windows and installed MQL5 scripts to enable automated trading.  These are the best MT5 brokers in the UK for 2021, according to our testing and our research.

English

Best MetaTrader 5 Brokers 2021

Last updated on 12 May 2021
Updated 12 May 2021
by Editorial Director Jeffrey Cammackby Jeffrey Cammack
Jeffrey Cammack
All Brokers Regulated
All Brokers Regulated
by Trusted Authoritiesby Trusted Authorities
Trusted
1
Pepperstone
Min. Deposit
GBP 5
4.614.61
Min. Spread
0 pips
Trading Platforms
Fx Pairs
80+
Overall Rating
11110.54.61/ 5
AlertAccepts UK Clients. Average spread EUR/USD 0.09 pips with 7 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 & cTrader platforms supported. Pepperstone is regulated by the FCA, ASIC, and the DFSA. 79.3% of traders lose money with this provider.
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Founded in 2010, Pepperstone is an Australian ECN broker known for tight spreads, ultra-fast trade execution and broad platform support. Pepperstone’s award-winning, 24-hour support provides the foundation for its excellent customer service, where personalised assistance is available via several methods.

As our highest rated pure ECN broker, if you want to pay a small commission for tighter spreads, you won’t find a better broker than Pepperstone.

Pros
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Wide range of assets
Cons
    Read More About Pepperstone
    2
    Admiral Markets
    Min. Deposit
    GBP 25
    4.244.24
    Min. Spread
    0.10 pips
    Trading Platforms
    Fx Pairs
    40+
    Overall Rating
    11110.54.24/ 5
    AlertAccepts UK Clients. Average spread EUR/USD 0.50 pips with 0.0 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 & MT4 Supreme Edition platforms supported. Admiral Markets is regulated by ASIC, CySEC, and the FCA. 76% of traders lose money with this provider.
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    Founded in 2001, Admiral Markets offers reliability, market leadership and simple modern trading. A global presence, a large Australian and international client base, flexible trading accounts, competitive trading conditions, and peerless educational material have attracted both beginner and experienced traders to the brand.

    Admiral Markets offers their own custom version of the MetaTrader trading platforms, the MetaTrader Supreme Edition, compatible with both MT4 and MT5. Additionally, most Admiral Markets accounts have free access to Trading Central – providing independent market insight and technical analysis – and the company offers one of the best cryptocurrency offerings on the market by a Forex broker.

    Pros
    • Well regulated
    • Excellent education
    • Wide range of assets
    Cons
    • Expensive withdrawals
    Read More About Admiral Markets
    3
    XM
    Min. Deposit
    GBP 5
    4.384.38
    Min. Spread
    0.60 pips
    Trading Platforms
    Fx Pairs
    57
    Overall Rating
    11110.54.38/ 5
    AlertAccepts UK Clients. Average spread EUR/USD 1.60 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. XM Group regulated by CySEC, ASIC, and the IFSC. 77.19% of traders lose money with this provider.
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    XM Group has achieved substantial growth since opening in 2009, earning 1.5 million clients in 196 countries. XM’s operational philosophy is aimed at client satisfaction and low client turnover; they earn client loyalty through award-winning 24/5 personal customer service, varied account types and competitive trading conditions.

    Regulated the FCA, CySEC and ASIC and the recipient of many industry awards, XM Group stands out from a crowded field of market maker brokers for their customer service and educational support.

    Pros
    • Well regulated
    • Excellent education
    • Wide range of assets
    • Fast and free withdrawals
    Cons
    • Dealing desk
    Read More About XM
    4
    FxPro
    Min. Deposit
    GBP 100
    4.244.24
    Min. Spread
    0.60 pips
    Trading Platforms
    Fx Pairs
    70+
    Overall Rating
    11110.54.24/ 5
    AlertAccepts UK Clients. Average spread EUR/USD 1.40 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5, cTrader and FxPro proprietary trading platform supported. FxPro Group is regulated by FCA, CySEC, FSCA, and the DFSA. 77% of traders lose money with this provider.
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    FxPro is one of the most respected Forex brokers in the industry. Regulated by the FCA and CySEC and with over 870,000 client accounts in 173 countries, FxPro is a truly global powerhouse.

    FxPro offers a no dealing desk execution model on MT4, MT5, cTrader and a browser-based platform. A reasonable 100 USD opening deposit and outstanding customer service are combined with competitive spreads – often as low as 0.6 pips – to match profitability with security.

    Pros
    • Well regulated
    • Great platform choice
    • Tight spreads
    Cons
    • Limited education
    Read More About FxPro
    5
    Eightcap
    Min. Deposit
    USD 100
    4.074.07
    Min. Spread
    0 pips
    Trading Platforms
    Fx Pairs
    40
    Overall Rating
    11110.54.07/ 5
    AlertAccepts UK Clients. Average spread EUR/USD 0.00 pips with 7 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 & MT5 platforms supported. Eightcap Markets is regulated by ASIC & the VFSC.
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    Winner of the Award for Best Global MT4 Broker 2020, Eightcap is an ASIC-regulated, no-intervention market maker with variable spreads on two simple account types. Spreads are tight on both accounts, with spreads on the Raw Account often down to 0 pips in exchange for a small commission.

    Both MT4 and MT5 are fully supported and deposits and withdrawals are fast and free. Forex education and analysis are not as comprehensive as some of Eightcap’s larger competitors, but customer service is available in 10 languages and is responsive and knowledgeable.

    Pros
    • Great platform choice
    • Excellent education
    Cons
    • Limited demo account
    • No swap-free account option
    • Extreme leverage
    Read More About Eightcap
    6
    IC Markets
    Min. Deposit
    GBP 200
    4.464.46
    Min. Spread
    0.10 pips
    Trading Platforms
    Fx Pairs
    60
    Overall Rating
    11110.54.46/ 5
    AlertAccepts UK Clients. Average spread EUR/USD 0.10 pips with 7 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 & cTrader platforms supported. IC Markets is regulated by CySEC and ASIC.
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    IC Markets presents itself as the best and largest true ECN broker. It is ASIC and CySEC regulated and offers the MetaTrader4, MetaTrader5 and cTrader platforms. IC Markets is highly recommended to both new and experienced traders looking for faster execution and tighter spreads.

    Beginner traders will find the IC Markets account structure welcoming and simple to understand. IC Markets understands customer retention involves a combination of tighter spreads, cutting edge technology, fast trade execution and top quality customer service.

    Pros
    • Well regulated
    • Tight spreads
    • Wide range of assets
    • Great platform choice
    Cons
    • High minimum deposit
    • Limited market analysis
    Read More About IC Markets
    7
    FP Markets
    Min. Deposit
    GBP 100
    4.234.23
    Min. Spread
    0 pips
    Trading Platforms
    Fx Pairs
    60+
    Overall Rating
    11110.54.23/ 5
    AlertAccepts UK Clients. Average spread EUR/USD 0.10 pips with 6 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 & IRESS platforms supported. FP Markets is regulated by CySEC and ASIC.
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    FP Markets is an ASIC-regulated, STP broker with simple account options and an exciting set of tools for traders with higher minimum deposits. Spreads are tight, even on the Standard Account, and the lack of dealing desk intervention for all accounts removes any concern over conflict of interest.

    Both the MT4 and MT5 platforms are supported and trader education and market analysis are well-presented, structured and useful. Overall, FP Markets is an excellent choice for beginner and more experienced traders alike.

    Pros
    • Well regulated
    • Tight spreads
    • Good range of accounts
    • Great customer support
    Cons
    • Expensive withdrawals
    Read More About FP Markets
    8
    BDSwiss
    Min. Deposit
    GBP 100
    4.324.32
    Min. Spread
    1.40 pips
    Trading Platforms
    Fx Pairs
    50+
    Overall Rating
    11110.54.32/ 5
    AlertAccepts UK Clients. Average spread EUR/USD 1.50 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. BDSwiss is regulated by CySEC, FSC, and the FSA-Seychelles. 78.8% of traders lose money with this provider.
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    Founded in 2012, BDSwiss is a responsible and well-regulated broker, popular with both beginner and experienced traders. It offers account types suitable for both beginners and more experienced traders, including a Raw Account with spreads down to 0 pips.

    MT4 and MT5 are both supported and educational and analytical material are both excellent. More experienced traders will also find a lot to like with the VIP and Raw Accounts, including free AutoChartist and one-on-one support. Deposits and withdrawals are generally free and fast and with award-winning trading conditions, BDSwiss is a good choice for all traders.

    Pros
    • Tight spreads
    • Good for beginners
    • Wide range of assets
    Cons
    • Expensive withdrawals
    Read More About BDSwiss

    How to compare MT5 brokers

    The newer of the two MetaQuotes platforms, MT5 has an updated user interface and additional functionality for clients who want to trade centralised markets and take advantage of updated features and programming languages.

    Regulation: Regulation is needed to ensure your trading funds are safe and that the broker’s trading desk is not manipulating your trades. Although multiple regulators can regulate a broker, a trader should always know which regulator is overseeing your account, as only one regulator will be responsible for your trading account.

    Assets available: One of the main attractions of MT5 is the expanded amount of tradable assets. Research each broker to see who has the most tradable assets and in what classes. Having a wide range of assets means a wide range of trading opportunities. If you plan on mainly trading FX, always check the number of FX pairs your broker has available.

    Trading costs: Trading costs, which include spread and commission fees, will vary with each broker. The lower the total trading cost, the more profit a client can make from each trade. Each trading account can also have different trading conditions, so research trading costs on the MT5 accounts are part of your comparison.

    Fee structure: While most of the best-regulated brokers will have very few additional fees, additional fees will occasionally emerge. These fees are usually inactivity fees, withdrawal fees, or charges connected with special account types like Islamic accounts.

    Trade execution: Trading venue and execution speed are important components of any MT5 trading experience. The trading venue will conclude if your broker is acting as counter-party to your trade or if your broker has found you a counter-party through its network. The trade execution speed will indicate how much slippage you should expect between when you open your position and when it is opened on the market.

    Hedging: MT5 does not allow for hedging as standard, so check with your broker to see if they can enable it.

    Customer service: A simple check, but check the opening hours for customer service. It is good to know when customer service is available to take your call and resolve issues promptly.


    Best MT5 Brokers for 2021

    Pepperstone – Best ECN Broker with MT5 Support

    Pepperstone is an Australian ECN broker with two simple accounts, FCA regulation and full support for MT5, including hedging and share trading. Most orders are executed in less than 50 milliseconds, which is ideal for scalpers and clients who run MT5’s expert advisors.

    Pepperstone offers two accounts, both with tight floating spreads and ECN execution. The Standard Account is commission-free and the average spread on the EUR/USD is 1.09 pips. The Razor Account charges a commission of 7 USD round turn but the average spread on the EUR/USD is 0.09 pips – about as close as traders can get to true market prices as possible.

    Pepperstone offers a package of Smart Trader Tools for MT5, a suite of 28 expert advisors and indicators to help improve trade execution and management. In addition, all MT5 users will get access to Autochartist – a powerful pattern recognition plugin that automatically identifies trading opportunities based on price trends.

    AlertAccepts UK Clients. Average spread EUR/USD 0.09 pips with 7 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 & cTrader platforms supported. Pepperstone is regulated by the FCA, ASIC, and the DFSA. 79.3% of traders lose money with this provider.

    Admirals – Best ASIC MT5 Broker

    Admirals has four accounts, two of which focus on the MT5 platform – Trade.MT5 and Zero.MT4. Both MT5 trading accounts have a 25 GBP minimum deposit, a variety of CFD products to trade, including 37 and 45 currency pairs, respectively and attractive trading conditions. The Trade.MT5 account has a minimum spread from 0.5 pips with no commission and the Zero.MT5 account has spreads from 0 pips with commission varying between 1.8 to 3.0 USD per lot. The cost of trading 1 lot of EUR/USD with the Zero.MT5 account is 5 USD round turn, which is at the lower end of what other brokers can offer.

    Available for both demo and live accounts, MetaTrader Supreme, which is newly available for MT5, has advancements in technical analysis, improved trading widgets, the trader terminal, charts, and indicators that update the old standard versions of the software with both functionality and usability. 

    AlertAccepts UK Clients. Average spread EUR/USD 0.50 pips with 0.0 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 & MT4 Supreme Edition platforms supported. Admiral Markets is regulated by ASIC, CySEC, and the FCA. 76% of traders lose money with this provider.

    XM – Best MT5 Demo Account

    XM is a well-regulated market maker and with low minimum deposits, wide account choice, fast order execution and a good range of assets on both the MT4 and MT5 platforms.  The XM Zero account offers spreads down to 0 pips and a commission of 3.50 USD per lot. Hedging, scalping, and algorithmic trading are all permitted on MT5.

    The MT5 demo account at XM is funded with a 100,000 USD virtual balance and is aimed at traders who want to trade more than just Forex. With over 1000 instruments available, traders will have access to stock CFDs, stock indices CFDs, CFDs on precious metals and CFDs on energies. The MT5 demo account also features a market depth indicator, hedging, and full EA functionality. XM’s demo account is not time-limited.

    AlertAccepts UK Clients. Average spread EUR/USD 1.60 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. XM Group regulated by CySEC, ASIC, and the IFSC. 77.19% of traders lose money with this provider.

    FxPro – Best FCA Regulated MT5 Broker

    FxPro is a respected FCA regulated broker, offering NDD execution on MT5, MT4, cTrader and its own browser-based trading platform. The MT5 account offers a 100 USD opening deposit combined with competitive spreads on 70+ Forex pairs, indices, energies and precious metals. Most trades are executed in less than 10 milliseconds and only 9% of orders receive negative slippage. These execution statistics are ideal for traders who want to take advantage of MT5’s algorithmic trading capabilities across a range of assets.

    The MT5 account at FxPro offers market execution, variable spreads, no requotes and will allow for partial fills for orders that lack liquidity.  The MT5 account is commission-free with spreads sometimes down to 0.6 pips, though traders will find that the average spread on the EUR/USD is closer to 1.2 pips.

    AlertAccepts UK Clients. Average spread EUR/USD 1.40 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5, cTrader and FxPro proprietary trading platform supported. FxPro Group is regulated by FCA, CySEC, FSCA, and the DFSA. 77% of traders lose money with this provider.

    Eightcap – Best MT5 Broker for Trading Australian Shares

    Eightcap is an ASIC-regulated, no-intervention market maker with MT5 support and variable spreads. In addition to Forex, Eightcap’s MT5 trading account offers trading on a selection of indices, commodities, and US and Australian shares. Share trading is available exclusively on the MT5 platform and includes 250 of the largest US and Australian stocks. Alongside big US tech companies like Tesla, Apple, and Google the shares of Australian majors like BHP Group and Commonwealth Bank are also available.

    Eightcap offers two simple trading accounts for MT5 – one commission-free Standard Account and a Raw Account with very tight spreads and a commission of 3.5 USD per lot. EAs, scalping, and hedging allowed on both accounts.

    AlertAccepts UK Clients. Average spread EUR/USD 0.00 pips with 7 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 & MT5 platforms supported. Eightcap Markets is regulated by ASIC & the VFSC.

    IC Markets – Best ECN MT5 Broker for Beginners

    IC Markets is rare amongst ECN brokers, as it provides a welcoming environment for beginner traders. IC Markets offers an archive of structured course material, detailed independent market analysis, and expert-led webinars. IC Markets also provides excellent 24/7 technical support for the MT5 platform and more general queries.

    IC Markets offers two Raw Spread Accounts and a Standard Account, all with variable spreads, on the MT5 platform. The Raw Spread Accounts charge a small commission of 3.50 USD, but spreads are often down to 0 pips, averaging 0.1 pips on the EUR/USD pair. The Standard Account charges no commission but spreads start at 1 pip. IC Markets pricing relies on 25 different liquidity providers ensuring deep liquidity and some of the lowest spreads in the industry.

    AlertAccepts UK Clients. Average spread EUR/USD 0.10 pips with 7 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 & cTrader platforms supported. IC Markets is regulated by CySEC and ASIC.

    FP Markets – Best MT5 Execution

    FP Markets is a leading ASIC-regulated broker, providing tight spreads on its two MT5 accounts and access to Forex, shares, commodities, indices, and crypto pairs. A standard commission-free account is available alongside the RAW Account, with spreads starting at 0 pips for a 3 USD commission per lot. Minimum deposit on both accounts is 100 GBP.

    FP Markets MT5 support allows hedging, scalping and automated trading and the broker’s ECN pricing model allows for fast execution using its network of liquidity providers and Equinix NYC servers.

    Relative to other Forex brokers, FP Markets invests in new traders with award-winning customer service, dedicated account managers and a rich education section, which includes daily email updates of the latest financial news impacting the currency markets.

    AlertAccepts UK Clients. Average spread EUR/USD 0.10 pips with 6 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 & IRESS platforms supported. FP Markets is regulated by CySEC and ASIC.

    BDSwiss – Best Education for MT5 Traders

    For MT5 traders looking for structured education, BDSwiss offers a comprehensive Trading Academy split into beginner, intermediate and advanced sections. More advanced educational material comes in the form of weekly strategy webinars which are added to a free video library once completed.

    BDSwiss offers MT5 account types suitable for beginners and more experienced traders, including a Raw Account with spreads down to 0 pips and a 5 USD round turn commission. All accounts benefit from fast execution speeds, with 97.5% of all trades executed in less than 0.2 seconds.

    BDSwiss’ MT5 account offers trading on 1000+ instruments including currency pairs, stocks, commodities, shares, indices, ETFs, and cryptocurrencies. MT5 traders will benefit greatly from BDSwiss’ collection of trading tools, such as free Autochartist, and market-leading research and support for traders of all experience levels. 

    AlertAccepts UK Clients. Average spread EUR/USD 1.50 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. BDSwiss is regulated by CySEC, FSC, and the FSA-Seychelles. 78.8% of traders lose money with this provider.

    What is MT5?

    Released in 2010, MetaTrader 5 (MT5) is the latest version of the market-leading MetaTrader trading software. 

    Much like MT4, MT5 allows traders to access the Forex market via a broker, but it also provides additional access to CFDs, stocks and futures. This also means that it is a more valuable asset for brokers as it allows them to reach a broader base of clientele – this has resulted in a noticeable uptick in the number of brokers supporting MT5, sometimes replacing their support for MT4 altogether.

    MT5 comes with a new script-writing language, MQL5, which is much more efficient than MQL4, if harder to learn for beginners. 

    Though the interface is similar to MT4, MT5 has more advanced charting tools, including 12 more timeframes and more built-in technical indicators. 

    MT5 also allows for an unlimited amount of charts to be used, shows Depth of Market and has a built-in Economic Calendar. It also has a larger number of pending order types than MT4 and features an embedded chat system.

    MT5 Pros and Cons

    Pros:

    • Unlike MT4, MT5 allows users to trade centralised markets – such as indices, stocks and commodities.
    • MT5 is more feature complete and comes with an Economic Calendar, Depth of Market indicator, embedded chat function, unlimited chart windows, 80 built-in indicators and 12 more time-frames than MT4.
    • MT5’s new scripting language (MQL5) is a more efficient language and features a powerful built-in script tester.

    Cons:

    • MT5 does not allow for hedging as standard, you will need to request it to be enabled from your broker.
    • MT5 scripts are not backwards compatible with MT4 – so anyone making the transition will lose all their EAs, etc.
    • MT5 is a more complex platform than MT4.

    MT5 has grown in popularity recently in response to higher demand for multi-asset trading and is now supported by a number of the better brokers.

    Should I use MT5?

    The answer to this question depends on what you want from your platform and your previous trading experience. 

    If you want to trade other CFDs as well as Forex but want to have a standalone client then MT5 is a good choice. If you only want to trade Forex on a simpler platform, then it’s a good idea to start with MT4. 

    If you already have some experience with MT4 and are thinking of switching, it really depends on your reasons why. The only significant reason I can think of for switching to MT5 is if you want to trade other markets. The significant reason for not switching is that programmes written for MT4 will not run in MT5, so you will lose all your EAs, indicators and automated scripts in the transition.

    The big question is how much longer MT4 is going to be supported by the big brokers. It is unquestionably the industry standard at present and recent upgrades to the MQL4 language have made it almost as easy and efficient as MQL5 to create automated trading scripts.

    That said, more brokers are offering MT5 all the time and some have chosen to only support MT5 from now on – if you are just starting out trading there is something to be said for getting used to MT5 before it starts overtaking its older sibling, which has already started happening.

    All MT5 Brokers

    Here is our curated list of all of the MT5 brokers we have reviewed, ordered by overall score. The broker with the highest score will appear at the top of the list.

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    Overall Rating
    Regulators
    Min. Deposit
    Cost of Trading
    Fees
    No. of FX Pairs
    Compare
    Official Site
    4.61 /5
    Read Review
    GBP 5
    USD 7.90
    From 7 USD / lot - Razor Account
    80+
    Visit Broker >
    Your capital is at risk
    4.49 /5
    Read Review
    GBP 100
    USD 8
    Fees Included in Spread
    80+
    Visit Broker >
    Your capital is at risk
    4.48 /5
    Read Review
    GBP 100
    USD 9
    Fees Included in Spread
    50+
    Visit Broker >
    Your capital is at risk
    4.46 /5
    Read Review
    GBP 200
    USD 8
    7 USD / lot - True ECN account
    60
    Visit Broker >
    Your capital is at risk
    4.39 /5
    Read Review
    GBP 250
    USD 6
    Fees Included in Spread
    50+
    Visit Broker >
    Your capital is at risk
    4.38 /5
    Read Review
    GBP 5
    USD 16
    7 USD / lot - XM Zero Account
    57
    Visit Broker >
    Your capital is at risk
    4.37 /5
    Read Review
    GBP 10
    USD 15
    4 USD / ECN Accounts
    59
    Visit Broker >
    Your capital is at risk
    4.32 /5
    Read Review
    GBP 100
    USD 15
    Fees Included in Spread
    50+
    Visit Broker >
    Your capital is at risk
    4.25 /5
    Read Review
    GBP 5
    USD 7
    6 USD / Lot
    80+
    Visit Broker >
    Your capital is at risk
    4.24 /5
    Read Review
    GBP 25
    USD 5
    1.8 - 3 USD per lot
    40+
    Visit Broker >
    Your capital is at risk

    Conclusion

    MT5 will eventually overtake MT4 as the industry standard (unless one of the MetaQuotes competitors get there first) it’s just a matter of when.

    The fact that MT5 is more feature-complete, supports trading across all financial markets, and allows for advanced script testing makes it very appealing to both brokers and traders. Allowing hedging for non-US users was a removal of a major obstacle to widespread support for MT5.

    The only remaining problem is the lack of backwards compatibility with MT4 robots and EAs – and this is a problem that is never going to go away.

    If you use MT4 and you love it, stick with it as it’s going to remain the gold standard for some time yet – unless you want to trade other financial markets. If you are new to trading it’s worth considering going straight to MT5.

    Forex Risk Disclaimer

    Trading Forex and CFDs is not suitable for all investors as it carries a high degree of risk to your capital: 75-90% of retail investors lose money trading these products. 

    Forex and CFD transactions involve high risk due to the following factors: Over-leveraging, unpredictable market volatility, slippage arising from a lack of liquidity, inadequate trading knowledge or experience, and a lack of regulatory protection for clients.

    Traders should not deposit any money that is not disposable. Regardless of how much research you have done, or how confident you are in your trade, there is always a substantial risk of loss. (Learn more from the FCA or from ASIC)

    Our Methodology

    Our State of the Market Report and Broker Directory are the result of extensive research on over 100 Forex brokers. The explicit goal of these resources is to help traders find the best Forex brokers – and steer them away from the worst ones – with the benefit of accurate and up-to-date information.

    With over 150 data points on each broker and over 3000 hours of research and review writing, we believe we have succeeded in our goal. 

    In a world where trading conditions and customer support can vary based on where you live, our broker reviews focus on the local trader and give you information about these brokers from your perspective.

    All research has been conducted by our in-house team of researchers and writers, gathering information from various company representatives, websites and by sifting through the fine print. Learn more about how we rank brokers

    Featured Brokers

    Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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