| Headquarters: | Seychelles: office 10, floor 2, Vairam Building, Providence Industrial Estate, Providence, Mahe, Seychelles Cyprus: office 102, 13/15 Grigori Afxentiou, 4003, Limassol, Cyprus |
| Foundation Year: | 2012 |
| Country: | Seychelles |
| Email: | [email protected] |
| Trade Platform: | MT4 for Desktop, MT4 Web Terminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader MT4 Multi Terminal, MT5 for Desktop, MT5 Web Terminal, MT5 Android, MT5 iPhone Trader, MT5 iPad Trader, Platform for Android, Platform for iOS |
| Acc Funding Methods: | Credit Card, Debit Card, Western Union, Perfect Money, Neteller, Skrill, FasaPay, Internal transfer, Local Deposits, Bitcoin, TrustPay, Boleto, Multiple local methods, Sticpay, PayTrust, PayRetailers, Payment Asia, Crypto, Absa , Help2pay, Pix |
| Max: Leverage: | 1:3000* |
| Min. Deposit: | 1 |
| Base Currencies: | USD EUR GBP JPY MYR IDR THB VND KWD CNY ZAR |
| Min. Spreads: | 0.2 pips |
Best MetaTrader5 Forex Broker: A Comprehensive Guide
In this comprehensive guide, we will explore the top MetaTrader5 forex brokers in the market, analyzing their features, trading costs, execution speeds, tradable products, and customer service. By the end of this article, you will have a clear understanding of the best MetaTrader5 forex broker that suits your trading needs.
Table of Contents
1. Introduction to MetaTrader5
MetaTrader5, developed by MetaQuotes Software, is a cutting-edge platform that revolutionized the forex trading industry. It offers a wide range of features and tools that empower traders to analyze the markets, execute trades, and manage their portfolios efficiently. With its advanced charting capabilities, customizable indicators, and automated trading options, MT5 has become the go-to platform for both beginner and experienced traders.
One of the key advantages of MT5 is its multi-asset functionality. Unlike its predecessor, MetaTrader4 (MT4), which was primarily focused on forex trading, MT5 allows traders to access a broader range of financial instruments, including stocks, commodities, and cryptocurrencies. This expanded offering opens up new opportunities for traders to diversify their portfolios and explore different markets.
2. Factors to Consider When Choosing a MetaTrader5 Forex Broker
When selecting the best MetaTrader5 forex broker, several important factors should be taken into consideration. These factors will determine the overall trading experience, including trading costs, execution speeds, available products, and customer support. Here are some key factors to consider:
a. Spreads and Commissions
The spreads and commissions charged by a broker can significantly impact your trading profitability. Lower spreads and commissions mean lower trading costs, allowing you to keep more of your profits. It is essential to compare the spreads and commissions offered by different brokers to find the most competitive pricing.
b. Execution Speeds
Fast and reliable order execution is crucial in forex trading, especially for traders who rely on scalping or high-frequency trading strategies. A broker with fast execution speeds can help you take advantage of market opportunities and ensure timely order fulfillment.
c. Tradable Products
While MT5 offers a wide range of tradable assets, not all brokers provide access to the same products. Some brokers may specialize in forex pairs, while others offer a broader selection of stocks, commodities, and cryptocurrencies. Consider your trading preferences and choose a broker that offers the products you are interested in.
d. Customer Service and Support
Having access to responsive and knowledgeable customer support can make your trading experience much smoother. Look for brokers that offer reliable customer service, including live chat, phone support, and email assistance. Additionally, consider the educational resources and trading tools provided by the broker to support your trading journey.
e. Regulations and Security
Ensure that the broker you choose is regulated by a reputable financial authority. Regulatory oversight provides an additional layer of security and protection for your funds. It also ensures that the broker operates in compliance with industry standards and best practices.
3. Best MetaTrader5 Forex Brokers: Comparison Table
To help you make an informed decision, we have compiled a comparison table of the best MetaTrader5 forex brokers. This table highlights the key features and offerings of each broker, allowing you to compare them side by side. Here are the top MetaTrader5 forex brokers:
4. IC Markets: The Best Forex Broker with MT5
IC Markets stands out as the top MetaTrader5 forex broker in terms of spreads, execution speeds, and overall trading experience. With an average spread of 1.03 pips on the standard account, IC Markets offers some of the tightest spreads in the industry. This low-cost structure allows traders to maximize their profits and minimize trading costs.
In addition to competitive pricing, IC Markets offers excellent execution speeds, ensuring that your orders are executed without delay. This is crucial for traders who rely on fast-paced trading strategies. With IC Markets, you can take advantage of market opportunities and execute trades swiftly.
Another advantage of trading with IC Markets is the availability of the MetaTrader Supreme Edition. This enhanced version of MT5 provides additional features such as analysis from Trading Central and a market sentiment tool. These tools enhance the capabilities of the platform and help traders make more informed trading decisions.
IC Markets also offers a range of account types to cater to different trading preferences. Whether you are a beginner or an experienced trader, there is an account type suitable for you. Additionally, IC Markets provides excellent integration options for social and copy trading, allowing you to connect with other traders and benefit from their expertise.
While IC Markets may have a more limited product offering compared to some other brokers, its focus on forex pairs ensures a high level of expertise and specialization in this asset class. If you primarily trade forex and value tight spreads, fast execution speeds, and a user-friendly platform, IC Markets is an excellent choice for your MetaTrader5 forex trading needs.
5. Admiral Markets: Enhancing MT5 with MetaTrader Supreme Edition
Admiral Markets is another top MetaTrader5 forex broker that offers an enhanced trading experience through the MetaTrader Supreme Edition. This edition adds a range of advanced features and tools to the MT5 platform, providing traders with additional analysis capabilities and trading options.
One of the standout features of Admiral Markets is its competitive spreads. While not the tightest in the industry, the spreads offered by Admiral Markets are still highly competitive and provide traders with favorable trading conditions. This, coupled with low commissions, helps to keep trading costs low and maximize profitability.
The MetaTrader Supreme Edition also includes features such as trading central analysis, which provides valuable insights into the market. Traders can access analysis from industry experts, identify key support and resistance levels, and make more informed trading decisions. This tool is particularly beneficial for traders who rely on technical analysis in their trading strategies.
Admiral Markets offers a wide range of tradable products, including forex, CFDs, and stocks. This allows traders to diversify their portfolios and take advantage of opportunities across different markets. The availability of multiple asset classes ensures that traders can find suitable trading opportunities regardless of their preferred market.
In terms of customer support, Admiral Markets provides reliable and responsive assistance to its clients. Traders can access support through live chat, phone, and email, ensuring that any queries or issues are resolved promptly. Additionally, Admiral Markets offers educational resources and trading tools to support traders in their journey.
Overall, Admiral Markets is a top choice for MetaTrader5 forex trading, especially for traders who value additional analysis tools and a wide range of tradable products. The MetaTrader Supreme Edition enhances the capabilities of the MT5 platform, making it a powerful tool for traders looking to take their trading to the next level.
6. AvaTrade: Fixed Spreads and Advanced Tools for MT5
AvaTrade is a leading MetaTrader5 forex broker that offers fixed spreads and advanced tools for traders. With fixed spreads, traders can have greater certainty about their trading costs, as the spreads remain constant regardless of market volatility. This is particularly beneficial for traders who prefer a predictable cost structure.
In addition to fixed spreads, AvaTrade provides advanced tools and features on the MT5 platform. These tools include technical analysis indicators, customizable charting options, and a wide range of order types. Traders can utilize these features to analyze the markets, identify trading opportunities, and execute trades with precision.
One of the standout features of AvaTrade is its commitment to customer support. The broker offers multilingual support through live chat, phone, and email, ensuring that traders can access assistance in their preferred language. Additionally, AvaTrade provides educational resources, including video tutorials and webinars, to support traders in their learning journey.
While AvaTrade primarily focuses on forex and CFD trading, it offers a diverse range of tradable products within these asset classes. Traders can access a wide range of forex pairs, as well as CFDs on indices, stocks, commodities, and cryptocurrencies. This allows traders to diversify their portfolios and take advantage of different market opportunities.
Overall, AvaTrade is a reliable MetaTrader5 forex broker that offers fixed spreads, advanced tools, and excellent customer support. Traders looking for a broker with a commitment to transparency and user-friendly trading experience will find AvaTrade to be a suitable choice.
7. Vantage: Best MT5 ECN Execution
Vantage is a top MetaTrader5 forex broker known for its exceptional ECN execution. ECN (Electronic Communication Network) execution ensures that traders' orders are matched with the best available prices in the market, resulting in superior trading conditions and reduced slippage.
Vantage offers three MT5 account types to cater to different trading preferences. The MT5 Standard STP account charges spreads from 1 pip and requires a minimum deposit of $200. The MT5 Raw ECN account provides traders with low spreads starting from 0 pips but charges a round-turn commission of $3. The MT5 Pro ECN account is designed for advanced traders and requires a minimum deposit of $20,000, offering spreads from 0 pips and a round-turn commission of $1.75.
In addition to its excellent execution speeds and competitive pricing, Vantage also provides traders with the Smart Trader Tools add-on for MT5. This add-on offers a range of advanced market analysis tools, including resistance and support level analysis and long/short-term forecasts. These tools can help traders make more informed trading decisions and improve their overall trading performance.
Vantage also offers a range of educational resources, including video tutorials and webinars, to support traders in their learning journey. Traders can access customer support through live chat, phone, and email, ensuring that any queries or issues are promptly addressed.
Overall, Vantage is a top choice for traders looking for the best MT5 ECN execution. Its competitive pricing, advanced analysis tools, and commitment to customer support make it an excellent option for traders seeking optimal trading conditions.
8. FP Markets: Low Latency and Low Spreads with MT5
FP Markets is a renowned MetaTrader5 forex broker known for its low latency and low spreads. Low latency execution ensures that traders' orders are processed quickly, reducing the time it takes for trades to be executed. This is particularly important for traders who engage in high-frequency trading or scalping strategies.
FP Markets offers two MT5 account types: the Standard MT5 account and the Raw MT5 account. The Standard MT5 account provides traders with spreads starting from 1 pip, while the Raw MT5 account offers spreads from 0 pips. Both account types require a minimum deposit of $100 and offer leverage of up to 1:500 for international traders.
In addition to its low latency execution and competitive spreads, FP Markets also provides traders with the option to engage in copy trading on the MT5 platform. Copy trading allows traders to automatically replicate the trades of successful traders, enabling them to benefit from their expertise and potentially improve their trading results.
FP Markets also offers VPS (Virtual Private Server) hosting, allowing traders to run automated trading strategies and expert advisors (EAs) without interruptions. This ensures that traders can take advantage of market opportunities even when they are not actively monitoring the markets.
Customer support is a priority for FP Markets, and traders can access assistance through live chat, phone, and email. Additionally, FP Markets provides an extensive range of educational resources, including webinars and trading guides, to support traders in their learning journey.
Overall, FP Markets is a top MetaTrader5 forex broker that offers low latency execution, competitive spreads, and a range of additional features to enhance the trading experience. Traders looking for optimal trading conditions and a supportive trading environment will find FP Markets to be an excellent choice.
9. FBS: High Leverage Trading with MT5
FBS is a highly regarded MetaTrader5 forex broker known for its high leverage options. Leverage allows traders to amplify their trading positions, potentially increasing their profits. However, it is important to note that leverage also increases the risk, and traders should use it judiciously.
FBS offers leverage of up to 1:3000, allowing traders to access larger trading positions with a smaller initial investment. This high leverage option is particularly attractive to experienced traders who are comfortable with higher risk exposure.
In addition to high leverage trading, FBS provides competitive spreads and fast execution speeds on the MT5 platform. The spreads start from 1 pip, and traders can access a wide range of forex pairs and CFDs. While FBS primarily focuses on forex trading, it also offers CFDs on commodities, indices, and cryptocurrencies.
FBS caters to traders of all levels of experience, offering different account types to suit individual trading preferences. The Cent account is designed for beginners and allows traders to start with small amounts of money. The Standard and Zero Spread accounts are suitable for more experienced traders, offering competitive pricing and additional features.
Customer support is available 24/7 at FBS, ensuring that traders can access assistance whenever they need it. Traders can contact support through multiple channels, including live chat, phone, and email. Additionally, FBS provides educational resources, including video tutorials and webinars, to support traders in their learning journey.
Overall, FBS is a top MetaTrader5 forex broker for traders looking for high leverage trading options. Its competitive spreads, fast execution speeds, and comprehensive customer support make it a popular choice among traders.
10. FxPro: Flexible Trading Environment with MT5
FxPro is a well-established MetaTrader5 forex broker known for its flexible trading environment. With its extensive range of tradable products, low spreads, and advanced analysis tools, FxPro provides traders with a comprehensive trading experience.
One of the standout features of FxPro is its wide range of tradable products. Traders can access over 60 forex pairs on the MT5 platform, as well as CFDs on indices, stocks, commodities, and cryptocurrencies. This diverse offering allows traders to diversify their portfolios and take advantage of different market opportunities.
In terms of pricing, FxPro offers low spreads starting from 0 pips, ensuring competitive trading conditions for its clients. The broker also provides a range of advanced analysis tools, including the MT5 Trading Central Tools plugins. These plugins provide professional-level market analysis tools, including resistance and support level analysis and long/short-term forecasts.
FxPro offers a range of account types to cater to different trading preferences. Whether you are a beginner or an experienced trader, you can find an account type that suits your needs. Additionally, FxPro provides an efficient VPS for MT5, allowing traders to optimize their expert advisors (EAs) and ensure uninterrupted trading.
Customer support is available 24/5 at FxPro, and traders can access assistance through live chat, phone, and email. The broker also provides educational resources, including trading guides and webinars, to support traders in their learning journey.
Overall, FxPro is a top MetaTrader5 forex broker that offers a flexible trading environment, competitive spreads, and advanced analysis tools. Traders looking for a comprehensive trading experience and a wide range of tradable products will find FxPro to be a suitable choice.
11. ActivTrades: Add-ons and Custom Indicators for MT5
ActivTrades is a reputable MetaTrader5 forex broker known for its range of add-ons and custom indicators. These additional tools enhance the functionality of the MT5 platform, providing traders with advanced analysis capabilities and improved trading experiences.
One of the standout features of ActivTrades is its range of add-ons designed to improve the trading experience. These add-ons include SmartOrder, which enhances position management, Smartlines, which allows for automatic orders based on trendlines, and Smartpattern, which automatically detects technical analysis patterns. Additionally, ActivTrades provides an original Pivot Points indicator, which can be a valuable tool for identifying potential support and resistance levels.
ActivTrades offers two account types under MT5: the MT5 Raw Spread account and the MT5 Standard account. The Raw Spread account offers spreads from 0 pips but charges a commission per lot traded. The Standard account, on the other hand, does not charge extra fees but has slightly higher spreads from 0.6 pips.
The broker provides a range of educational resources to support traders in their learning journey. These resources include video tutorials, webinars, and articles covering various aspects of forex trading. Traders can access customer support through live chat, phone, and email, ensuring that any queries or issues are promptly addressed.
In terms of tradable products, ActivTrades offers over 45 forex pairs, allowing traders to access a wide range of currency pairs. The broker also allows hedging on the MT5 platform, although traders need to contact the broker to activate this feature on their trading account.
Overall, ActivTrades is a top MetaTrader5 forex broker that provides additional tools and custom indicators to enhance the trading experience. Traders looking for advanced analysis capabilities and a wide range of forex pairs will find ActivTrades to be a suitable choice.
12. Forex.com: Liquid Environment and Advanced Tools with MT5
Forex.com is a well-known MetaTrader5 forex broker that offers a liquid trading environment and advanced tools for traders. With its extensive range of tradable forex pairs, competitive spreads, and advanced charting capabilities, Forex.com provides traders with a comprehensive trading experience.
One of the standout features of Forex.com is its large pool of tradable forex pairs. Traders can access over 80 forex pairs on the MT5 platform, allowing them to trade major, minor, and exotic currency pairs. This diverse offering ensures that traders can find suitable trading opportunities in different currency markets.
Forex.com offers competitive spreads on the MT5 platform, starting from 1 pip. The broker also provides advanced charting and analysis tools, including access to Trading Central analysis. These tools can help traders identify trends, support and resistance levels, and potential trading opportunities.
Customer support is available 24/5 at Forex.com, and traders can access assistance through live chat, phone, and email. The broker also provides educational resources, including webinars and trading guides, to support traders in their learning journey.
Overall, Forex.com is a top MetaTrader5 forex broker that offers a liquid trading environment, competitive spreads, and advanced tools. Traders looking for a wide range of tradable forex pairs and advanced charting capabilities will find Forex.com to be a suitable choice.
13. Axiory: MT5 for Beginners
Axiory is a MetaTrader5 forex broker that caters to beginners, providing a user-friendly trading environment and low-cost trading options. With its low minimum deposit requirements and comprehensive educational resources, Axiory is an excellent choice for traders who are new to forex trading.
One of the standout features of Axiory is its MT5 Tera account, which is specifically designed for beginners. The minimum deposit for this account type is $10, making it accessible to traders with smaller initial investments. Despite the low minimum deposit, Axiory offers competitive spreads starting from 0 pips, ensuring low trading costs.
In addition to its low-cost trading options, Axiory provides traders with a range of educational resources to support their learning journey. These resources include video tutorials, webinars, and trading guides that cover various aspects of forex trading. Axiory also offers compatibility with Autochartist, a popular technical analysis tool.
Axiory offers over 60 forex pairs on the MT5 platform, allowing traders to access a wide range of currency pairs. The broker also provides leverage of up to 1:400, allowing traders to amplify their trading positions.
Customer support is available through live chat, phone, and email, ensuring that traders can access assistance whenever they need it. Overall, Axiory is a top MetaTrader5 forex broker for beginners, providing a user-friendly trading environment, low-cost trading options, and comprehensive educational resources.
14. Conclusion
Choosing the best MetaTrader5 forex broker is a crucial decision that can significantly impact your trading success. By considering factors such as spreads, execution speeds, tradable products, and customer support, you can find a broker that suits your trading needs.
In this comprehensive guide, we have explored the top MetaTrader5 forex brokers in the market. IC Markets emerged as the best forex broker with MT5, offering tight spreads, excellent execution speeds, low commissions, and advanced MT5 integrations. However, other brokers such as Admiral Markets, AvaTrade, Vantage, FP Markets, FBS, FxPro, ActivTrades, Forex.com, and Axiory also offer competitive features and deserve consideration.
Remember to conduct thorough research, assess your trading requirements, and choose a broker that aligns with your goals and preferences. Happy trading with the best MetaTrader5 forex broker!