MetaTrader 5 (MT5) is a powerful trading platform that continues to dominate the market for forex and CFD trading. Known for its advanced charting capabilities, fast processing speeds, and automated trading with Expert Advisors (EAs), MT5 is widely preferred by professional and retail traders alike. Here are the top MT5 brokers for 2024, offering competitive trading conditions, innovative features, and strong regulatory frameworks to help you find the best fit for your trading strategy.
Admiral Markets
Admiral Markets is a leading broker that offers both MetaTrader 4 and MetaTrader 5, making it ideal for traders who want access to multiple asset classes. MT5 users benefit from advanced charting tools, 21 different timeframes, and full support for EAs. Admiral Markets is known for its competitive spreads and strong regulatory standing, being regulated by the FCA and CySEC.
With a minimum deposit of just $100, Admiral Markets provides access to a wide variety of assets, including forex, commodities, indices, and stocks. This makes it a versatile choice for traders at all levels of experience.
ACY Securities
ACY Securities is an Australian-based broker offering MT5 with access to over 1,600 financial instruments, including forex, indices, and commodities. The broker’s MT5 platform is equipped with powerful charting tools and supports algorithmic trading for advanced users.
ACY Securities offers tight spreads starting from 0.0 pips and low commissions on raw ECN accounts. The broker is regulated by ASIC, providing a secure trading environment. With a minimum deposit of $100, ACY Securities is a solid choice for traders seeking competitive trading conditions and excellent support.
AvaTrade
AvaTrade is a globally regulated broker known for its wide range of trading instruments and robust MetaTrader 5 support. Traders can access over 1,250 assets through AvaTrade’s MT5 platform, which is available on desktop, web, and mobile. The platform supports automated trading with EAs and offers tight spreads starting from 0.9 pips.
AvaTrade is also highly regarded for its educational resources, making it an excellent choice for beginners. With a minimum deposit of $100 and leverage up to 1:400, AvaTrade is ideal for traders looking to grow their knowledge and optimize their strategies through copy trading features.
BDSwiss
BDSwiss is a well-established broker offering MT5 for forex and CFD traders. The platform features advanced charting tools, 21 timeframes, and more than 80 technical analysis objects, making it highly appealing to technical traders.
BDSwiss provides access to over 1,000 assets, including forex, commodities, and cryptocurrencies, and offers tight spreads starting at 0.0 pips on Raw accounts. With regulatory oversight from CySEC and the FSC, BDSwiss offers a secure trading environment and excellent execution speeds. The minimum deposit is $100, making it accessible to a wide range of traders.
BlackBull Markets
BlackBull Markets is a top choice for traders looking for a professional-grade MetaTrader 5 experience. The broker is known for its ultra-fast execution speeds, with average order processing times of 20ms. BlackBull offers institutional-grade spreads starting from 0.0 pips and leverages up to 1:500 for forex traders.
MT5 on BlackBull Markets is fully optimized for automated trading, with support for EAs and robust charting tools. The minimum deposit starts at $200, and the broker is regulated by the FMA and FSCL, ensuring a reliable trading environment.
Eightcap
Eightcap offers MT5 with excellent trading conditions for forex and CFD traders. The platform is available across desktop, web, and mobile, and is packed with advanced charting tools, 38 built-in indicators, and algorithmic trading capabilities.
Eightcap is known for its low spreads and fast execution, with spreads starting at 0.0 pips and a minimum deposit of $100. The broker is regulated by ASIC and CySEC, ensuring high levels of security for traders. Eightcap is ideal for both beginners and advanced traders looking to optimize their strategies using MT5.
FlowBank
FlowBank is a Swiss-based broker offering MT5 to traders looking for a secure and professional trading experience. The broker provides access to over 50,000 instruments, including forex, stocks, ETFs, and commodities, all through the MT5 platform.
FlowBank is regulated by FINMA, ensuring a safe trading environment with tight spreads and fast execution. The minimum deposit is $100, making it accessible to all traders who want to benefit from MT5’s advanced features, such as EAs and custom indicators.
FOREX.com
FOREX.com offers a robust MetaTrader 5 platform, providing access to a wide range of financial instruments, including forex, indices, and commodities. With powerful charting tools, Expert Advisor support, and tight spreads starting from 0.8 pips, FOREX.com is perfect for traders who value advanced trading features.
FOREX.com offers comprehensive educational resources, making it a great option for beginner traders. The platform also supports automated trading, providing flexibility for more advanced traders. The minimum deposit is $100, and leverage is up to 1:200, making it a versatile choice for traders at any level.
FP Markets
FP Markets is a top-rated broker for algorithmic traders using MT5. Known for its tight ECN spreads starting from 0.1 pips, FP Markets offers a robust MetaTrader 5 experience with support for automated trading, advanced charting tools, and a wide range of tradable assets, including forex, commodities, and cryptocurrencies.
With a minimum deposit of $100 and leverage up to 1:500, FP Markets is accessible for both beginner and experienced traders. The broker is regulated by ASIC and CySEC, ensuring a secure trading environment and excellent customer support.
FXCM
FXCM is a well-established broker offering MT5 with access to a wide range of financial markets, including forex, indices, commodities, and cryptocurrencies. FXCM is known for its competitive spreads and fast execution, with spreads starting from 0.2 pips on major currency pairs.
MT5 on FXCM is optimized for advanced traders, with support for EAs, backtesting capabilities, and custom indicators. The broker is regulated by the FCA and ASIC, ensuring a high level of security for traders.
FxPro
FxPro is a renowned broker offering MetaTrader 5 with access to over 2,100 financial instruments, including forex, metals, indices, shares, and cryptocurrencies. The broker is known for its tight spreads starting from 0.6 pips and supports algorithmic trading with advanced MT5 features like backtesting for Expert Advisors (EAs).
With support for multiple execution types and excellent trading conditions, FxPro is ideal for both manual and automated trading strategies. The minimum deposit is $100, and leverage is up to 1:500, making FxPro a competitive option for both beginners and professionals. The broker is regulated by the FCA and CySEC, ensuring a secure and transparent trading environment.
HYCM
HYCM offers a full MetaTrader 5 trading experience, with access to over 300 tradable assets, including forex, stocks, commodities, and indices. The broker is known for its tight spreads and low-latency execution, providing a seamless trading experience for MT5 users.
HYCM is regulated by the FCA and CySEC, ensuring a secure trading environment with competitive spreads starting from 0.2 pips. The broker also supports automated trading with EAs on MT5, and its advanced charting tools make it an attractive choice for technical traders. The minimum deposit is $100, and leverage is available up to 1:500.
HFM (HotForex)
HFM (HotForex) is a globally recognized broker offering MT5 for a range of financial markets, including forex, commodities, indices, and shares. The platform supports advanced trading strategies with features like Expert Advisors (EAs) and technical indicators for precise market analysis.
HFM provides ultra-low spreads starting from 0.0 pips on its Zero Spread account, making it highly appealing for traders focused on cost efficiency. With a minimum deposit of $100 and leverage up to 1:1000, HFM is a versatile choice for both beginner and professional traders. The broker is regulated by CySEC, FCA, and DFSA, ensuring strong security for its users.
IC Markets
IC Markets is one of the top choices for MetaTrader 5, providing tight spreads and ultra-fast execution ideal for high-frequency traders and scalpers. IC Markets offers both Standard and Raw Spread accounts with spreads starting from 0.0 pips, making it one of the lowest-cost brokers for MT5.
With access to over 2,000 financial instruments, including forex, indices, commodities, and cryptocurrencies, IC Markets provides a rich trading environment for all types of traders. The minimum deposit is $200, and leverage is up to 1:500. IC Markets is regulated by ASIC, CySEC, and SCB, ensuring a secure and transparent trading experience.
IG Markets
IG Markets is a highly reputable broker offering MetaTrader 5 with access to a wide range of financial markets, including forex, indices, shares, and commodities. Known for its excellent customer service and educational resources, IG Markets is a top choice for both beginners and experienced traders.
The broker provides tight spreads starting from 0.6 pips and supports advanced trading strategies through MT5. With leverage up to 1:200 and a minimum deposit of $250, IG Markets is ideal for traders who prioritize security and a strong regulatory framework. IG Markets is regulated by the FCA and BaFin, offering a trustworthy trading environment.
LegacyFX
LegacyFX offers MetaTrader 5 with access to over 200 financial instruments, including forex, commodities, and indices. The platform is fully optimized for both manual and algorithmic trading with support for EAs and advanced technical analysis tools.
LegacyFX provides commission-free trading with spreads starting from 0.6 pips, making it an affordable choice for traders. The broker is regulated by CySEC and offers leverage up to 1:200, with a minimum deposit of $500. This makes LegacyFX a strong option for traders who value security and cost-effective trading conditions.
Moneta Markets
Moneta Markets provides MetaTrader 5 with a focus on user-friendly trading and low-cost conditions. The broker offers access to over 300 assets, including forex, indices, commodities, and shares, with spreads starting from 0.0 pips on its ECN account.
Moneta Markets is regulated by ASIC and VFSC, ensuring a secure trading environment with fast execution. The broker supports algorithmic trading and provides additional tools like Trading Central for enhanced market analysis. The minimum deposit is $50, making it an accessible option for all traders.
OANDA
OANDA offers a top-tier MetaTrader 5 platform with access to a wide range of assets, including forex, commodities, and indices. OANDA is known for its competitive pricing and fast execution speeds, with spreads starting from 0.1 pips on its core pricing account.
The broker is regulated by the FCA, CFTC, and ASIC, making it one of the most trusted brokers globally. OANDA offers advanced charting tools and automated trading features, making it ideal for both manual and algorithmic traders. With a minimum deposit of $0, OANDA is accessible to all types of traders.
OctaFX
OctaFX provides MetaTrader 5 with access to a wide range of financial markets, including forex, commodities, and indices. Known for its low-cost trading environment, OctaFX offers spreads starting from 0.0 pips on its ECN account, making it highly appealing for cost-conscious traders.
The broker is regulated by CySEC and provides leverage up to 1:500. OctaFX supports automated trading with Expert Advisors (EAs) and offers advanced charting tools for technical analysis. With a minimum deposit of $25, OctaFX is accessible to beginner and professional traders alike.
Pepperstone
Pepperstone is a well-regarded broker offering MetaTrader 5 with a focus on low-latency execution and advanced trading tools. Pepperstone is ideal for scalpers and traders using EAs, with spreads starting from 0.0 pips on its Razor account.
Pepperstone is regulated by ASIC, FCA, and CySEC, ensuring a secure and transparent trading environment. The broker offers leverage up to 1:500, and with a minimum deposit of $200, it’s an excellent choice for traders of all experience levels who value fast execution and low costs.
Swissquote
Swissquote offers MetaTrader 5 for traders seeking access to forex, indices, commodities, and more. The broker is regulated by FINMA and offers tight spreads starting from 0.0 pips on its Advanced Trader account.
Swissquote is known for its strong security standards and professional-grade tools, making it an ideal choice for traders who prioritize safety. The broker supports algorithmic trading, and its advanced charting tools make it suitable for both beginner and advanced traders. The minimum deposit is $1,000, making it more suited to experienced traders.
Tickmill
Tickmill is a low-cost broker offering MT5 with tight spreads and fast execution speeds. The platform provides access to forex, commodities, and indices, with spreads starting from 0.0 pips on its Pro account.
Tickmill is regulated by the FCA and CySEC, ensuring a secure and reliable trading environment. The broker supports automated trading via EAs and offers a range of advanced charting tools. With a minimum deposit of $100 and leverage up to 1:500, Tickmill is a top choice for traders seeking competitive pricing and strong regulation.
What MT5 Broker Should I Choose?
When choosing the best MetaTrader 5 (MT5) broker, it’s essential to consider your trading goals and preferences. Whether you’re a high-frequency trader seeking low spreads, an algorithmic trader using Expert Advisors (EAs), or a beginner looking for educational support, there’s a perfect MT5 broker for you. The top brokers mentioned, including Admiral Markets, ACY Securities, AvaTrade, BDSwiss, BlackBull Markets, FP Markets, IC Markets, and XM Group, offer excellent trading conditions, strong regulation, and advanced tools for traders at all levels.
If you prioritize low spreads and fast execution, IC Markets, BlackBull Markets, and Pepperstone are excellent choices. For those seeking educational resources, AvaTrade and FOREX.com provide outstanding support for beginner traders. Selecting the right MT5 broker can enhance your trading experience and align with your financial strategies.