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Brokers · Comparison
Best MT5 Brokers (2026)
The best MT5 brokers, compared on what actually matters: regulation, costs, minimum deposit, multi-asset access, and who each one suits. Independent and transparent.
Every broker below offers MetaTrader 5 (and MetaTrader 4 alongside it), is regulated, and earns its place on factual criteria — not on what it pays us. We rank on regulation and trust, trading costs, minimum deposit, platform and multi-asset support, and who a broker genuinely suits. Here are the best MT5 brokers for 2026.
| # | Broker | Min deposit | Platforms | Best for | Regulation | Visit broker |
|---|---|---|---|---|---|---|
| 1 | Pepperstone Top pick | $0 | MT4 · MT5 · cTrader · TradingView | Trusted, Tier-1 geos, Copy trading | ASIC, FCA, CySEC, DFSA | Visit → |
| 2 | IC Markets | $200 | MT4 · MT5 · cTrader | Scalping, EAs, Raw spread | ASIC, CySEC, FSA | Visit |
| 3 | XM | $5 | MT4 · MT5 | Beginners, Low deposit | CySEC, ASIC, DFSA, FSC | Visit |
| 4 | Exness | $10 | MT4 · MT5 | Low cost, Emerging markets | CySEC, FCA, FSCA, FSA | Visit |
| 5 | FP Markets | $100 | MT4 · MT5 · cTrader · TradingView | ECN pricing, Low spread | ASIC, CySEC | Visit |
| 6 | Vantage | $50 | MT4 · MT5 · TradingView | Multi-asset, Mobile | ASIC, FCA, FSCA | Visit |
| 7 | FxPro | $100 | MT4 · MT5 · cTrader | Execution quality, Multi-platform | FCA, CySEC, FSCA, SCB | Visit |
Ranked on our editorial criteria, not on commercial terms — see how in our editorial policy. We may earn a commission if you open an account through our links, at no extra cost to you (disclosure). Figures are accurate to our latest review; brokers change terms, so confirm current details on the broker's site.
How we ranked these MT5 brokers
We weighed five things, in roughly this order of importance:
- Regulation & trust — the licences held and where the broker is permitted to operate.
- Costs — spreads and commissions for typical retail trading.
- Minimum deposit & accessibility — how easily a newcomer can start.
- Platform & multi-asset support — real MetaTrader 5 support, the markets available, plus MT4 and mobile.
- Suitability — who the broker fits, from beginners to multi-asset and systematic traders.
A few that stand out for MT5
| Min deposit | $0 |
|---|---|
| Platforms | MT4, MT5, cTrader, TradingView |
| Best for | Trusted, Tier-1 geos, Copy trading |
| Regulation | ASIC, FCA, CySEC, DFSA |
Tier-1 regulated (FCA, ASIC, CySEC, DFSA) with tight raw spreads and strong MT5 support — a great all-rounder for multi-asset and active traders.
| Min deposit | $200 |
|---|---|
| Platforms | MT4, MT5, cTrader |
| Best for | Scalping, EAs, Raw spread |
| Regulation | ASIC, CySEC, FSA |
Built for scalping and EAs, with raw spreads and fast execution on MT5 — popular with automated and high-volume traders.
| Min deposit | $5 |
|---|---|
| Platforms | MT4, MT5 |
| Best for | Beginners, Low deposit |
| Regulation | CySEC, ASIC, DFSA, FSC |
A low $5 minimum, beginner-friendly accounts, and regulation across four jurisdictions — an easy place to start on MT5 or MT4.
MT5 uses the MQL5 language, so Expert Advisors and indicators written for MT4 won't run on it unless rewritten. If a specific MT4 tool is essential to you, confirm an MQL5 version exists — or run MT4 with the same broker. Trading is high-risk and most retail traders lose money.
Related guides
New to the platform? Read what MT5 is and the MT5 download guide. Prefer forex's classic? Compare the best MT4 brokers, or weigh the platforms in MT4 vs MT5.
Frequently asked questions
What is the best MT5 broker?
There's no single best broker for everyone — it depends on what you trade and where you live. For tight spreads, tier-1 regulation and strong multi-asset access on MT5, Pepperstone and IC Markets rate highly. For a low minimum and an easy start, XM is a solid pick. The right choice depends on your country, costs, and the markets you want.
Are these MT5 brokers regulated?
Every broker in our table holds at least one established regulatory licence — commonly CySEC, FCA, ASIC, DFSA, or FSCA. Regulation matters for fund safety and dispute resolution, so we weigh it heavily. Always confirm a broker is authorised in your own country before depositing.
Do these brokers offer MT5 as well as MT4?
Yes. Every broker here offers MetaTrader 5, and all of them offer MetaTrader 4 alongside it. Our 2026 audit found all 21 leading brokers run both platforms, so you can switch between MT4 and MT5 without changing broker.
What can I trade on MT5 with these brokers?
MT5 is multi-asset, so depending on the broker you can trade forex, indices, commodities, shares, and crypto CFDs in one platform. The exact instrument list varies by broker — check it on their site before opening an account.
Can US residents use these brokers?
Mostly no. Most of the brokers listed are offshore and do not accept US clients. US residents must use an NFA-regulated broker such as OANDA, tastyfx, or Forex.com — several of which offer MetaTrader. Never trade with an offshore broker that isn't authorised to serve you.
Is MT5 better than MT4 for these brokers?
Neither is strictly better — they suit different traders. MT5 adds markets, timeframes, an economic calendar, and faster backtesting; MT4 keeps the largest ecosystem of EAs and indicators. See our MT4 vs MT5 comparison to decide which to open with the same broker.
Trading foreign exchange and contracts for difference (CFDs) carries a high level of risk and may not be suitable for all investors. Leverage can work against you as well as for you. You could lose some or all of your deposited funds; do not trade with money you cannot afford to lose. Past performance is not indicative of future results. Nothing on MT4Download.com is financial, investment, or trading advice. Consider your circumstances and seek independent advice if needed.