📈 Popular:

Broker of the month

Top 27 Regulated Forex Brokers

Forex No Deposit Bonuses

Promotions

⚡ Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

Best Brokers

1st Place

2nd Place

3rd Place

4th Place

5th Place

27 Best MetaTrader5 Forex Brokers

Best Metatrader5 Brokers Reviewed

The MetaTrader 5 trading platform is undoubtedly one of the most popular trading platforms in the forex industry today, offering an impressive suite of advanced analytical capabilities, broad-ranging compatibility, and a user-friendly interface.

 

 

There are a huge number of forex brokers who offer traders access to the MetaTrader 5 terminal so that finding the best MT5 broker can be something of a daunting task.

 

Here are our 10 Best Handpicked Metatrader5 Forex Brokers.

We’ve made the process a lot easier with this comprehensive list of the best MetaTrader 5 forex brokers in the industry today so that you can enjoy advanced trading capabilities with a competitive trading environment.

Let’s get started with the full breakdown of the metatrader5 forex brokers:

 

AvaTrade

 

Overall Rating

4.8/5

Rated #1 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

ASIC, FSA, CBI, BVI,FSCA,FRSA,CYCES, ISA, JFSA

📱 Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

📈 Total Pairs

55+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

 

Overview

AvaTrade is a well-established Forex / CFD brokerage house that was founded in 2006 and has been conducting business ever since. AvaTrade was one of the first major brokerages in the retail Forex/CFD field, so it has a long track record.

The range of assets offered for trading is unusually diverse, including even Forex vanilla options and several ETFs (exchange-traded funds), as well as a large range of individual stocks and shares.

 

Pros and Cons

✔️ PROS ❌ CONS
A broad range of tradable instruments High EURUSD and inactivity fees
 MetaTrader 4 and 5 are available
Excellent educational resources

 

Features

Feature Information
Regulation Central Bank of Ireland, MiFID, ASiC, BVI
Minimum deposit from $100
Average spread from 0.9 pips
Commissions from No commission on Forex
Deposit/Withdrawal Fees None
Maximum Leverage 1:400
Bonuses First Deposit Bonus
Customer Support 24/5 – multilingual

 

XM

 

Overall Rating

4.5/5

Rated #68 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

IFSC, CySec, ASIC

📱 Trading Desk

MT4

Crypto

Yes

📈 Total Pairs

55

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

XM

 

Overview

XM offers a good, diverse range of assets for trading, including over 1,200 individual stocks and shares. XM’s reputation is towards the higher end of the industry average, with a long track record and good regulatory standing in Australia and Cyprus.

 

Pros and Cons

✔️ Pros

Low minimum deposit

Comprehensive educational offering

Streamlined account opening process

 

❌ Cons

Inactivity fee charged after 90 days on live accounts

Limited product portfolio

 

 

Features

Feature Information
Regulation IFSC, ASIC, CySEC, FCA and DFSA
Minimum deposit from $5
Average spread from 0.1 pips
Commissions from $3.5 commission per $100 000 traded
Deposit/Withdrawal Fees None
Maximum Leverage 1:30
Bonuses $30 Trading Bonus
Customer Support 24/5

 

Pepperstone

 

Overall Rating

4.9/5

Rated #10 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

📱 Trading Desk

MetaTrader 4, MetaTrader 5 and cTrader, TradingView

Crypto

Yes

📈 Total Pairs

1000+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Based in Australia, Pepperstone Limited was established in 2010. Despite its relative newness, it has grown exponentially over the course of the past nine years, so that it is now one of the largest forex and CFD brokers in the world.

They are also highly regarded by experienced investors and industry professionals alike.

 

Pros and Cons

✔️ PROS ❌ CONS
Low forex and equity index CFDs

No deposit fee

Negative balance protection

Only forex, CFDs, and cryptos are available

 

 

Features

Feature Information
Regulation FCA, ASIC
Minimum deposit from AUD200
Average spread from 0.4 pips
Commissions from ‎$3.76 commission per lot per trade
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses None
Customer Support 24/5

 

FXTM

 

Overall Rating

4.6/5

Rated #32 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

CySec, FSCA 

📱 Trading Desk

MetaTrader4, Metatrader 5

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

FXTM is regulated by several financial authorities globally, including the top-tier Financial Conduct Authority (FCA).

On the plus side, customer support gives fast and relevant answers. There are several educational tools, including demo accounts and webinars. The account opening is fully digital and fast.

FXTM has some drawbacks though: it charges high stock CFD fees, like inactivity and withdrawal fees, and the product range is limited.

 

Pros and Cons

✔️ PROS ❌ CONS
1.      Superb customer service 1.      Inactivity and withdrawal fees
2.      High maximum leverage 2.      Limited product portfolio
3.      Great educational tools

 

Features

Feature Information
Regulation CySEC, FCA, FSCA
Minimum deposit from $100
Average spread from 0.9 pips
Commissions from No commission
Deposit/Withdrawal Fees $3
Maximum Leverage 1:500 on average
Bonuses $300 Trading Bonus
Customer Support 24/5

 

FP Markets

 

Overall Rating

4.7/5

Rated #23 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

ASIC, CySEC

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

60

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

FP Markets offers the ability to trade on more than 10,000+ financial instruments covering Forex, Equities, Metals, Commodities, Indices and Cryptocurrency CFDs.

Users have access to a range of accounts including the Standard Account (commission-free) and Raw Account (commission-based) for MetaTrader users.

Both offer ECN pricing and maximum leverage of 500:1. Users can also access Iress Accounts which are commission-based.

 

Pros and Cons

✔️ PROS ❌ CONS
1.      Competitive trading fees 1.      High stock CFD Fees
2.      Easy account opening

3.      Fast processing for deposits and withdrawals

2.      Limited range of asset classes

 

Features

Feature Information
Regulation Australian ASIC, Cypriot CySEC, SCB
Minimum deposit from $100
Average spread from 0.5 pips
Commissions from  $55 monthly commission for IRESS Trader users only
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses $30 Welcome Bonus
Customer Support 24/5

 

Alpari

 

Overall Rating

4.7/5

Rated #70 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSC 

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

48

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Alpari International is a safe bet for traders looking for a diverse platform no matter their skills, whether they be entry-level or seasoned traders. The company provides transparent performance statistics, including its order execution speed, slippage, and re-quotes.

 

Pros and Cons

✔️ Pros

 

Advanced copy trading software available

Wide selection of tradable assets

Low minimum deposit

Excellent multilingual customer support

 

❌ Cons

 

High trading fees

Limited educational resources and research tools

 

Features

Feature Information
Regulation Financial Services Commission (FSC)
Minimum deposit from $100
Average spread from 1.2 pips on majors
Commissions from charged at 4 units of the Base currency
Deposit/Withdrawal Fees None
Maximum Leverage 1:1000
Bonuses Cashback Promotion
Customer Support 24/5

 

Go Markets

 

Overall Rating

4.9/5

Rated #34 of
Recommended FX Brokers

💰Minimum Deposit

$200

🌐 Regulators

ASIC, CySec, FSC, FSA and SCA

📱 Trading Desk

Hybrid

Crypto

Yes

📈 Total Pairs

600

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Regulated by ASIC (AFSL #254963). GO Markets puts all client funds in a segregated bank account and uses tier-1 banks for this. GO Markets has been established since 2009, and have a head office in Australia.

GO Markets offers over different instruments to trade, including over 50 currency pairs.

GO Markets is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5

 

Pros and Cons

✔️ Pros

 

Low trading fees

Ultra-fast execution

Advanced analytical tools

Low minimum deposit

❌ Cons

 

Limited account options

 

Features

Feature Information
Regulation ASIC
Minimum deposit from $1
Average spread from 1.5 pips
Commissions from None
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses 30% Deposit Bonus
Customer support 24/5

 

IG

 

Overall Rating

4.8/5

Rated #38 of 
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF.

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

80

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

With over 178,000 clients across five continents, an extensive product catalog, competitive fees, longstanding business operations, and an excellent industry reputation, it is not surprising that IG is a global leader in online trading.

Regulated and trusted across the globe, IG offers traders an extensive list of tradeable products, excellent trading and research tools, industry-leading education, and competitive rates. This fantastic all-round experience makes IG the best overall broker in 2020

 

Pros and Cons

✔️ PROS ❌ CONS
No deposit or withdrawal fees

Low index CFD trading fees

Inactivity fee charges

High stock CFD fees

 

Features

Feature Information
Regulation FCA, FSCA
Minimum deposit from No minimum deposit
Average spread from Variable
Commissions from £3.00 – £8.00 per trade for all types of assets
Deposit/Withdrawal Fees None
Maximum Leverage 1:200
Bonuses None offered
Customer Support 24/6

 

Easy Markets

 

Overall Rating

4.9/5

Rated #18 of
Recommended FX Brokers

💰Minimum Deposit

$100

🌐 Regulators

CySEC, ASIC, BVI, FSA

📱 Trading Desk

MetaTrader 4, TradingView

Crypto

Yes

📈 Total Pairs

275+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Easy Markets is a platform that allows users to trade CFDs on commodities, forex, shares, indices, and cryptocurrency.

Overall, the firm has a great reputation, particularly among those who are new to trading. Easy Markets is also known for its beginner-friendly features including a low freeze rate and deal cancellation

 

Pros and Cons

✔️ Pros

 

Highly simulated demo environment

Responsive and professional customer support

 

❌ Cons

 

The Proprietary Deal Cancellation feature is not available on the MetaTrader 4 platform

 

Features

Feature Information
Regulation CySEC
Minimum deposit from $100
Average spread from 0.9 pips
Commissions from None
Deposit/Withdrawal Fees None
Maximum Leverage 1:400
Bonuses $25 Sign Up Bonus
Customer Support 24/5

 

Saxo Bank

 

Best UK Forex Brokers Saxo Bank

Overall Rating

4.7/5

Rated #60 of 
Recommended FX Brokers

💰Minimum Deposit

USD 10 000

🌐 Regulators

MiFID

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

170

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Saxo Bank provides individual investors and traders with an excellent platform for investing in a variety of markets at a relatively low cost.

This online broker charges commissions that are generally much lower than its competitors and offers a great user experience due to its intuitive interface.

 

Pros and Cons

✔️ PROS ❌ CONS
Low trading fees

Transparent fee structure

 

Relatively slow account opening

Very high minimum deposit

 

Features

Feature Information
Regulation FCA, ASIC, FINMA
Minimum deposit from $10 000
Average spread from 0.3 pips
Commissions from ‎$3
Deposit/Withdrawal Fees None
Maximum Leverage 1:200
Bonuses None
Customer Support 24/5

 

eToro

 

Overall Rating

4.8/5

Rated #20 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators

CySec, FCA 

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

47

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.

 

Overview

eToro has zero-commission stock trading. Account opening is swift and seamless. It also has a lot of innovative features, like social trading and copying other (successful) traders.

It has some drawbacks, though. Forex fees are high and eToro only allows USD accounts, which means that conversion costs on deposits and withdrawals can be high in some cases. Live chat is hard to reach and their educational materials could be better.

 

Pros and Cons

✔️ PROS ❌ CONS
Well-regulated Limited account base currencies
Advanced trading platforms Withdrawals can be slow
Low minimum deposit

 

Features

Feature Information
Regulation CySEC, FCA, ASIC
Minimum deposit from $50
Average spread from 0.75 pips
Commissions from No commission on stocks and ETFs
Deposit/Withdrawal Fees $5
Maximum Leverage 1:30
Bonuses $50 Welcome Offer And $50 Per Referral
Customer Support 24/5 – multilingual

 

CMC Markets

 

Overall Rating

4.7/5

Rated #227 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA, ASIC

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

300

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

CMC Markets was founded in 1989 and it is a global CFD and forex broker. It is regulated by several authorities globally, including the top-tier FCA. The company is also listed on the London Stock Exchange.

CMC Markets is considered safe because it has a long track record, is listed on the stock exchange, and is regulated by top-tier regulators.

 

Pros and Cons

✔️ PROS ❌ CONS
Low forex fees Limited product portfolio
Advanced trading platforms.
Great research and educational tools

Features

Feature Information
Regulation FCA
Minimum deposit from None
Average spread from 0.7 pips
Commissions from $10
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses $250 Referral Bonus
Customer Support 24/5

 

Oanda

 

Overall Rating

4.9/5

Rated #194 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA, CFTC, ASIC, FSC, BVI and IIROC

📱 Trading Desk

MetaTrader 4 (MT4)

MetaTrader 5 (MT5)

Crypto

Yes

📈 Total Pairs

45 

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker
 

 

Overview

Oanda is well established in the forex market, offering 124 trading instruments, corporate FX services, currency management solutions, plus data on exchange rates for global enterprises.

Although headquarters are in the US, it has a number of global offices, including Tokyo and London. In fact, Oanda operates across eight global financial centres, with clients in over 196 countries

As a day trader, a range of products could mean greater opportunity. With Oanda, you get access to 71 currency pairs, 16 stock index CFDs, 23 metal CFDs, 8 commodity CFDs, and 6 CFD bonds.

 

Pros and Cons

✔️ PROS ❌ CONS
Relatively low trading fees Limited product portfolio
No minimum deposit required
Easy account opening process

 

Features

Feature Information
Regulation FCA, RFED
Minimum deposit from None
Average spread from 1.6 pips
Commissions from $0.01 USD per trade
Deposit/Withdrawal Fees None
Maximum Leverage 1:100
Bonuses None
Customer Support 24/5

 

FXCM

 

Overall Rating

4.6/5

Rated #26 of
Recommended FX Brokers

💰Minimum Deposit

USD 300

🌐 Regulators

FCA, FSCA

📱 Trading Desk

MetaTrader 4, Trading Station

Crypto

Yes

📈 Total Pairs

7

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

FXCM provides four free API’s to developers on top of a wide selection of third-party plugins.

The research section offers a tremendous asset to all types of traders and warrants an account opening to retrieve free access to it. Education is also taken seriously with daily webinars and a solid selection of well-written content.

 

Pros and Cons

✔️ PROS ❌ CONS
Excellent trading platforms Limited product portfolio in terms of asset classes
Low minimum deposit

High maximum leverage

 

Features

Feature Information
Regulation FCA, ASIC, ACPR, FSP
Minimum deposit from $50
Average spread from 1.3 pips
Commissions from £4 per standard round-turn lot (£2 per side)
Deposit/Withdrawal Fees None
Maximum Leverage 1:400
Bonuses $20 Welcome Bonus
Customer Support 24/5

 

XTB

 

Overall Rating

4.6/5

Rated #69 of
Recommended FX Brokers

💰Minimum Deposit

USD 250

🌐 Regulators

FCA, CySEC, IFSC, KNF

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

48

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

XTB

 

Overview

Well-regulated, safe, and award-winning, XTB is a leader in the Forex trading space.

Joining other leading Forex brokers with reasonable trading conditions, excellent educational and analysis material XTB has developed an award-winning proprietary trading platform that goes beyond MT5 to offer clients easy-to-use functionality.

 

Pros and Cons

✔️ Pros

 

Low trading fees

Free deposit and withdrawal

❌ Cons

 

High stock CFDs

Limited asset portfolio

 

 

Features

Feature Information
Regulation KNF, FCA, CySEC and IFSC
Minimum deposit from $250
Average spread from 1.02 pips
Commissions from 0.08% of trade value with $8 minimum
Deposit/Withdrawal Fees $30 on withdrawals of less than $50
Maximum Leverage 1:500
Bonuses $40 No Deposit Bonus
Customer support 24/5

 

Forex.com

 

Overall Rating

4.7/5

Rated #231 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA, CySec 

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

50

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Forex.com is one of the largest online retail forex and CFD brokers. They facilitate access to over 180 global markets, including forex pairs, stocks, indices, cryptocurrencies, and commodities.

Forex.com does not charge a fee on forex trades. Instead, they are compensated via the spread. When it comes to some of the largest forex pairs and shares, Forex.com has average spreads. But the broker offers below-average costs for index and commodity CFDs.

 

Pros and Cons

✔️ PROS ❌ CONS
Low Forex fees Limited asset portfolio
The high number of currency pairs

Well-regulated

High stock CFD fees

 

Features

Feature Information
Regulation FCA, CIMA
Minimum deposit from $50
Average spread from 1 pips
Commissions from Commissions on the commission account only
Deposit/Withdrawal Fees None
Maximum Leverage Variable dependent on instrument traded
Bonuses 20% Welcome Bonus
Customer Support 24/5

 

Swissquote

 

Best Australian Forex Broker Swissquote

Overall Rating

4.5/5

Rated #310 of 
Recommended FX Brokers

💰Minimum Deposit

USD 1000

🌐 Regulators

FCA

📱 Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

📈 Total Pairs

10

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Swissquote is a forex trading services broker. They give traders access to major markets like currencies, indices, commodities, and shares.

Regulated by the Financial Conduct Authority, UK (FRN: 562170). Swissquote puts all client funds in a segregated bank account and uses tier-1 banks for this. Swissquote has been established in 1996, and has a head office in GB.

 

Pros and Cons

✔️ PROS ❌ CONS
Comprehensive product portfolio

Solid reputation

No additional forex fees

High trading fees

 

Features

Feature Information
Regulation FCA
Minimum deposit from None for a standard account
Average spread from 1.6 pips
Commissions from None
Deposit/Withdrawal Fees $10
Maximum Leverage 1:400
Bonuses Refer a Friend Bonus
Customer Support 8/5

 

OvalX

 

 

Overview

OvalX is a reputable online trading brokerage with head offices in London. With decades of experience and a choice of trading platforms, the broker offers trading in Forex, CFDs and Spread Betting.

OvalX spreads are competitive. Forex spreads start from just 0.6 pips for popular currency pairs, such as the EUR/USD. Spreads for CFDs start from 0.5 pips, while minimum equity spreads are 0.08%.

For those wishing to trade in commodities, spreads start at just 0.025 points. Finally, for indices, you can find spreads of just 1 pip.

Pros and Cons

 

✔️ PROS ❌ CONS
Award-winning customer support

Long operational history

Powerful analytical tools

Comprehensive educational offering

High trading fees

 

Features

Feature Information
Regulation FCA
Minimum deposit from GBP 200
Average spread from 0.5 pips
Commissions from None
Deposit/Withdrawal Fees None
Maximum Leverage 1:30
Bonuses None
Customer Support 24/5

 

City Index

 

Overall Rating

4.7/5

Rated #226 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA, ASIC, MAS

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

65

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

City Index is a great CFD and forex broker regulated by top-tier financial authorities, such as the UK FCA.

On the bright side, it has low forex and stock index CFD fees, a smooth account opening process, and high-quality research tools.

It has some drawbacks though. The product portfolio is limited, the stock CFD fees are quite high, and the desktop platform is not easy to use.

 

Pros and Cons

✔️ PROS ❌ CONS
Low trading fees

No fees for deposit and withdrawal

Comprehensive research tools

Limited product portfolio

 

Features

Feature Information
Regulation FCA, ASIC
Minimum deposit from $100
Average spread from 1.5 pips
Commissions from ‎$3
Deposit/Withdrawal Fees None
Maximum Leverage 1:200
Bonuses Deposit Bonus
Customer Support 24/6

 

Admiral Markets

 

Overall Rating

4.2/5

Rated #214 of
Recommended FX Brokers