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Between 74% and 89% of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs and leveraged products work and whether you can afford to take the high risk of losing your money. FXMARE is not a broker and does not offer these products; figures are indicative of those disclosed by regulated providers. This page is information, not financial advice. See our full risk disclosure.
MetaTrader 5 is the successor to MT4, adding more timeframes and order types, an integrated economic calendar, depth-of-market data, and a faster, multi-threaded strategy tester that makes it the platform of choice for many algorithmic and multi-asset traders. Not every broker offers it, though — some leading firms only support MT4 or run their own proprietary platform — so this list is limited to brokers that genuinely provide MT5 alongside strong regulation and pricing.
Each broker below scored well against the FXMARE methodology and supports the full MT5 desktop, web and mobile experience, with MetaQuotes Language 5 (MQL5) for Expert Advisors and custom indicators. The ranking is editorial opinion rather than a statement of fact and is never sold; labelled sponsored placements aside, it reflects how each MT5 forex broker performs for active traders specifically. Spreads, deposits and leverage are indicative and vary by entity and region, so confirm current terms on the broker's own site. Leveraged trading carries a high risk of losing money.
Why it makes the list: Our top MT5 pick — raw spreads from ~0.0 pips on the Razor account, fast execution suited to EAs, and MT5 offered alongside MT4, cTrader and TradingView under FCA and ASIC regulation with no minimum deposit. Pepperstone is an ASIC/FCA-regulated Australian broker offering institutional-grade raw spreads, broad platform choice, and deep liquidity for retail forex and CFD traders.
Why it makes the list: Built for high-frequency and automated MT5 trading, with deep liquidity, raw spreads and a server environment popular with scalpers and algo developers running Expert Advisors. IC Markets is a Sydney-founded ECN/STP broker renowned for ultra-tight raw spreads and deep liquidity across MT4, MT5, and cTrader.
Why it makes the list: The most accessible MT5 broker here, with a $5 minimum deposit, strong education and CySEC/ASIC oversight — a practical way for newer traders to learn MT5 without a large outlay. XM is a globally recognised multi-regulated broker founded in 2009, best known for its $5 minimum deposit, industry-leading educational content, and 1,400+ instruments across MT4/MT5 and a proprietary TradingView-powered web platform.
Why it makes the list: Offers MT5 within a broad platform set (MT4, cTrader and FxPro Edge too), giving discretionary and automated MT5 traders plenty of flexibility under FCA and CySEC regulation. FxPro is a well-regulated, multi-entity broker with a strong platform lineup and broad instrument coverage, though its standard-account costs sit above the low-spread competition.
Why it makes the list: A US-friendly, NFA-regulated option (part of StoneX) that supports MT5 alongside its own platform and TradingView — a solid choice for traders who want MT5 with a large, listed parent company behind it. A veteran, StoneX-backed forex and CFD broker with one of the most extensive regulatory footprints in retail trading, offering MT4/MT5, TradingView, and a proprietary platform across ~5,500 instruments.
Why it makes the list: Long-trusted (NFA/CFTC and FCA) with MT5 available alongside the OANDA Trade platform and TradingView, plus excellent data and API tooling and no minimum deposit. One of the most trusted and longest-running retail forex brokers, regulated in 8 jurisdictions with no minimum deposit, but standard-account spreads run wider than specialist raw-spread competitors.
Every broker on this list is independently scored against our published broker review methodology— regulation and safety, trading costs, platforms, instruments, deposits and withdrawals, support and country availability. Rankings are editorial and are never sold; sponsored placements are always labelled. Figures are indicative and vary by entity and jurisdiction — always confirm current terms on the broker's own site.
Trading forex, CFDs and crypto involves significant risk of loss and is not suitable for every investor. Leverage can work against you, and most retail investor accounts lose money trading CFDs. The information on FXMARE is general, is not personal financial advice, and does not account for your objectives or circumstances. Verify all terms with the broker and the relevant regulator before opening an account. See our full risk disclosure.
MT5 is MetaQuotes' newer multi-asset trading platform. Compared with MT4 it adds more timeframes and built-in indicators, additional order types, an integrated economic calendar, depth-of-market data and a faster, multi-threaded strategy tester. It uses the MQL5 language for Expert Advisors and custom tools, which is not backward-compatible with MT4's MQL4 — so EAs built for MT4 must be rewritten for MT5.
Some leading brokers — including a few that rank highly for forex overall — chose to stay on MT4, run their own proprietary platform, or both, rather than license MT5. That is why this list is restricted to brokers that genuinely support MetaTrader 5; if MT5 is essential to your workflow, always confirm it is available on the specific account type you plan to open.
Yes. Every broker on this list supports MT5 with MQL5, so you can run Expert Advisors, custom indicators and automated strategies, and use the built-in strategy tester for backtesting. Note that automation does not guarantee profit, that backtested results may not reflect live performance, and that some brokers place conditions on certain high-frequency or latency-sensitive strategies — check the broker's terms first.
Often they are similar, but not always identical. Pricing depends on the account type (for example a raw-spread account with commission versus a standard account with the cost in the spread) rather than the platform alone, and figures vary by entity and jurisdiction. The spreads and deposits shown here are indicative — confirm the exact MT5 account terms on the broker's own website before funding.
