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Best MetaTrader 5 brokers

Every regulated broker in our comparison that offers MetaTrader 5, sorted by platform score.

Updated

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The ranking

  1. 1

    AvaTrade

    MetaTrader and proprietary apps under Irish supervision

    CBI

    EUR/USD cost
    €8.29
    Min. deposit
    €100
    Platforms
    4
    Visit AvaTrade

    Advertisement: we may receive a fee if you open an account through this link. This never changes our scores.

    Read the review of AvaTrade
  2. 2

    XM

    MetaTrader 4 and 5 with a US$5 minimum deposit

    CySEC

    EUR/USD cost
    €10.14
    Min. deposit
    €5
    Platforms
    4
    Visit XM

    Advertisement: we may receive a fee if you open an account through this link. This never changes our scores.

    Read the review of XM

Why MetaTrader 5?

MetaTrader 5 is the successor to MT4, with 21 timeframes, a built-in economic calendar, market depth and support for more instrument types. You can trade with expert advisors: automated strategies written in MQL5.

What to look for in an MT5 broker

  • Which instruments are available in MT5? Some brokers offer fewer instruments in MetaTrader than in their own platform.
  • Account type: compare the total cost per lot of the accounts you can use in MT5.
  • Execution: automated strategies are sensitive to speed and slippage. Test on a demo account first.

Read more about the differences in MetaTrader 4, MetaTrader 5, TradingView or a proprietary platform?

Frequently asked questions

Can I use MT4 strategies in MT5?

Not directly: MT5 uses MQL5. Many well-known strategies are available in an MT5 version.

Is MetaTrader 5 free?

Yes, you download it free of charge via your broker. The broker pays for the licence.