10 Best MetaTrader 5 (MT5) Brokers in Comparison 2025

MetaTrader 5 (MT5) brokers are trading service providers that offer traders access to the MT5 platform—a powerful, multi-asset trading platform known for its advanced charting tools, automated trading capabilities, and support for trading forex, stocks, commodities, and CFDs. These MT5 brokers assist traders by providing a platform to analyse markets and successfully manage risk by facilitating trade execution, offering a variety of account types, and providing necessary tools and support.

At WR Trading, we’ve compiled a list of our top 10 MT5 brokers and provided a breakdown of why we selected each. In this comparison guide, we’ll list the MetaTrader 5 brokers that offer varying leverage, tight spreads, low fees, and support for your trading business. We selected our top picks for the best MetaTrader 5 brokers through careful evaluation and rigorous testing.

Find our top 10 MT5 brokers in the comparison table below:

See our Top List and Full Comparison of The Best MT5 Brokers in this video:

1. BlackBull Markets

This broker ranks first on our list, and for good reason. BlackBull Markets supports over 26,000 tradable instruments, including stocks, Forex, commodities, cryptocurrencies, and indices. It supports both MT4 and MT5 trading platforms and offers both commission-free and prime accounts.

BlackBull Markets also impresses us at WR Trading because they offer $0 commission on their Standard account and as low as $4 for ECN Institutional. However, Prime account users would have to pay $6 in commissions.

Key Facts About The MT5 Broker BlackBull Markets:

Feature	Information
MT5 Compatible	Yes
Account types	ECN Standard, ECN Prime, ECN Institutional
Tradable Instruments	Forex, Cryptocurrency, Commodities, Metals, Equity Indices, Futures
Platform	MT5, MT4, TradingView, cTrader, Blackbull Invest, Blackbull CopyTrader
Regulation	FSA
Minimum Deposit	$0 (Standard), $2,000 (Prime), $20,000 (Institutional)
Minimum order	0.01 lot
Leverage	1:500
Spreads	From 0.8 pips (ECN Standard), 0.1 pips (ECN Prime), 0.0 pips (ECN Institutional)
Commission	$0 (Standard), $4 (ECN Institutional), $6 (ECN Prime) per round lot
Accepted Currency	USD, EUR, JPY, GBP, CHF, CAD, AUD, NZD, HKD, XAU, BTC, ETH.
Transaction options	Bank wires, credit/debit cards, Skrill, Neteller, China Union Pay, AstroPay, crypto, Beeteller, Boleto, Fasapay, FxPay, Help2Pay, Payment Asia, Poli, SEPA, Amex, Hexopay, Airtim

2. Vantage Markets 

Coming in second on the list is Vantage Markets. This broker is a regulated CFD broker offering about 1,000 instruments, such as commodities, Forex, indices, and more. This broker offers a wide range of trading platforms, including MT5, and also has some of the lowest fees in the industry. For example, spreads in forex pairs trade from 0.0 pips with ECN accounts and from 1.4 pips with standard accounts.

Key Facts About The MT5 Broker Vantage Markets:

Feature	Information
MT5 Compatible	Yes
Account types	Raw ECN, Standard STP, Pro ECN, Islamic, Cent, Premium
Tradable Instruments	Forex, Indices, Energy, Gold/Silver, Commodities, Shares, ETFs, Stocks, Oil, Bonds, Energies
Platform	MT5, MT4, Vantage App, ProTrader, TradingView
Regulation	ASIC, CIMA, VFSC, SIBL
Minimum Deposit	$50 (Standard and RAW), $10,000 (Pro ECN)
Minimum order	0.01 lot
Leverage	Up to 1:500 (varies by account type and instrument)
Spreads	From 0.0 pips (Raw ECN and Pro ECN accounts), From 1.0 pips (Standard STP and CENT accounts)
Commission	$3 (Raw), $0 (Standard), $1.50 (Pro ECN) per round lot
Accepted Currency	AUD, USD, EUR, GBP, NZD, CAD, SGD, JPY, CHF, ZAR
Transaction options	Bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller, PayPal), UnionPay, Boleto, BPAY, Astropay, Fasapay, Domestic Fast Transfer, International EFT, China Union Pay, JCB, Broker-to-Broker Transfer, Pagsmile, Perfect Money, Thailand Instant Bank Transfer

3. RoboForex 

RoboForex takes the third spot on WR Trading’s top 10 list. This broker offers a vast range of tradable assets, negative balance protection for retail trading accounts, and a choice between MT4 and MT5. RoboForex, which has won many awards over the years, is a trusted option for many brokers.

Key Facts About The MT5 Broker RoboForex:

Feature	Information
MT5 Compatible	Yes
Account types	Pro, ECN, Prime, R Stocks Trader, ProCent
Tradable Instruments	Forex, Stocks, Indices, Commodities, Cryptocurrencies, ETFs, Metals, Futures, Energies
Platform	MT4, MT5, R StocksTrader, R Mobile Trader, R WebTrader, MT 4 MultiTerminal
Regulation	FSC Belize
Minimum Deposit	$10 (Prime, ECN, Pro, ProCent), $100 (RStocksTrader)
Minimum order	0.01 lot
Leverage	1:300 (Prime), 1:500 (ECN and R StocksTrader), 1:2000 (ProCent and Pro)
Spreads	0.0 pips (Prime, ECN), 0.01 pips (R Stocks Trader), 1.3 pips (Pro, ProCent)
Commission	$0 (Pro and ProCent)Available (Prime, ECN, and R StocksTrader)
Accepted Currency	USD, EUR, GOLD
Transaction options	Bank wire transfer, credit/debit cards, electronic payment systems (Skrill, Neteller, etc.), QR and  Vouchers

4. Moneta Markets

It is no surprise that Moneta Markets is fourth on our list of top MT5 brokers at WR Trading. They offer a wide array of trading platforms, including MT5, which works on both desktop and mobile. The company has three standard account types and a variety of financial instruments with different trading fees and spreads.

Key Facts About The MT5 Broker Moneta Markets:

Feature	Information
MT5 Compatible	Yes
Account types	Direct STP, Prime ECN, Ultra ECN
Tradable Instruments	Forex, Indices, Commodities, Shares, ETFs, Bonds, Share CFDs, Metals, Energy, Crypto CFDs, and Index CFDs
Platform	MetaTrader 4, MetaTrader 5, Pro Trader, AppTrader, CopyTrader App, MetaTrader App, MT4 WebTrader
Regulation	SLIBC, FSCA
Minimum Deposit	$50 (Prime and Direct), $20,000 (Ultra)
Minimum order	0.01 lot
Leverage	Up to 1:1000
Spreads	From 0.0 pips (Prime ECN and Ultra ECN), from 1.2 pips (Direct STP)
Commission	$1(Ultra), $3(Prime)
Accepted Currency	USD, GBP, EUR, SGD, JPY, NZD, CAD, BRL, AUD, HKD
Transaction options	Visa and MasterCard, FasaPay, JCB, Sticpay,  PayPal, Neteller, Skrill

5. FP Markets 

We ranked this broker fifth on WR Trading’s list for a variety of reasons. One major feature that stands out is the presence of MT5 trading platforms available on Windows, Android, Web, IOS, and Mac devices. Traders can also trade over 1,000 financial instruments on MT5. They can update MT5 plugins to the Trading Central, Auto Chartist, and Traders toolbox, which can help speed up technical analysis research.

Key Facts About The MT5 Broker FP Markets:

Feature	Information
MT5 Compatible	Yes
Account types	Standard, Raw, Islamic
Tradable Instruments	Forex, Indices, Commodities, Shares, Cryptocurrencies, Bonds, Metals and ETFs
Platform	MT5, MT4, cTrader, TradingView, WebTrader, FP Mobile App, IRESS
Regulation	ASIC, CySEC, FSCA, ESMA, FSA, FSC
Minimum Deposit	$100
Minimum order	0.01 lot
Leverage	Up to 1:500
Spreads	From 0.0 pips (Raw account), from 1.0 pips (Standard Account)
Commission	$0 (Standard), $3 (Raw Account) per Round Lot
Accepted Currency	AUD, USD, EUR, GBP, NZD, JPY, SGD, CAD, CHF, PLN, HKD, ZAR, INR, PLN, BRL, NGN, MXN
Transaction options	Visa, Mastercard, POLi, Paypal, Skrill, Neteller, Fasapay, Bank transfer, Unionpay, Sticpay, ePay, Google Pay, Crypto, Apple Pay, Astro pay, Perfect Money, Online Banking and Bpay

6. Pepperstone 

This broker is ranked the sixth best MT5 broker because it can upgrade its MT5 platform with the 28-plugin smart trader tools package and auto chartist. Traders can also benefit from the NDD execution, which executes at an average speed of 30 milliseconds. Additionally, traders can choose from a well-balanced list of 1000+ assets, including equity CFDs, Forex, ETFs, and cryptocurrency.

Key Facts About The MT5 Broker Pepperstone:

Feature	Information
MT5 Compatible	Yes
Account types	Standard, Razor, Islamic
Tradable Instruments	Forex, Indices, Commodities, Shares, ETFs, Metals, Currency Indices, Cryptocurrencies
Platform	MetaTrader 4, MetaTrader 5, cTrader, Pepperstone Trading Platform, TradingView, Pepperstone Mobile App
Regulation	ASIC, FCA, BaFin, CMA, CySEC, DFSA, SCB
Minimum Deposit	No minimum deposit
Minimum order	0.01 lot
Leverage	1:400
Spreads	Raw spreads from 0.0 pips (Razor account), variable spreads (Standard account)
Commission	$3.5 per lot side (Razor account)
Accepted Currency	AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD
Transaction options	Visa, Mastercard, Bank transfer, MPESA, Paypal, Flutterwave, Neteller, Skrill.

7. IC Trading 

Our seventh top MT5 broker is IC Trading, a well-known global brand regulated by the FSC. Our review found that IC Trading provides access to over 2000 tradable assets, including indices, Forex, commodities, bonds, and cryptocurrencies. They also have a competitive spread of 0.0 pips, making it one of the best MT5 brokers for traders.

Key Facts About The MT5 Broker IC Trading:

Feature	Information
MT5 Compatible	Yes
Account types	Standard, Raw accounts, Islamic
Tradable Instruments	Forex CFDs, Indices, Commodities, bonds, stocks,  Gold and Cryptocurrencies
Platform	MetaTrader 4, MetaTrader 5, WebTrader, cTrader
Regulation	Financial Services Commission of Mauritius (FSC)
Minimum Deposit	$200
Minimum order	0.01 lot
Leverage	1:1000
Spreads	From 0.0 pips (Raw Account) and 0.8 pips (Standard Account)
Commission	$3.5 (Raw MetaTrader), $3 (Raw cTrader), and $0 (Standard) per lot side
Accepted Currency	AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF
Transaction options	Skrill, Paypal, Mastercard, UnionPay, Visa, Neteller, wire transfer and broker-to-broker

8. XM

XM, the eighth MT5 broker on our list, is famous for its sophisticated offerings. It provides traders with a wide array of financial assets, including metals, indices, cryptocurrencies, stocks, and commodities. Our review also discovered its competitive spreads, which start as low as 0.8 pips, alongside a non-requote policy.

Key Facts About The MT5 Broker XM:

Feature	Information
MT5 Compatible	Yes
Account types	Micro, Standard, Ultra-Low Standard, Shares
Tradable Instruments	Forex, CFDs on Stocks, Commodities, Energies, Metals, Cryptocurrencies, Futures, Energies, Metals, Turbo Stocks, Thematic Indices
Platform	MT4, MT5, WebTrader, XM WebTrader, XM Mobile App
Regulation	CySEC, FSC
Minimum Deposit	$5 (Micro, Standard, Ultra Low Standard), $10,000 (Shares Account)
Minimum order	0.1 lot (Ultra low standard account and Micro account), 0.01 lot (Standard account), 1 lot (Shares account)
Leverage	1:1000
Spreads	From 0.8 pips (ultra-low Standard), 1.6 pips (Micro, Standard)
Commission	Zero commission ( Micro, Standard, Ultra low Standard), Available (Shares).
Accepted Currency	USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, CAD
Transaction options	Credit/Debit cards, Bank wire transfers, Skrill, Neteller, FasaPay, Perfect Money, UnionPay

9. FBS

FBS ranks ninth on our list of the top MT5 traders. Our team at WR Trading discovered that they offer leverage of up to 1:3000. The spreads also start from as low as 0.7 pips, especially for most currency pairs, making this ideal for traders who might want to cut costs.

Key Facts About The MT5 Broker FBS:

Feature	Information
MT5 Compatible	Yes
Account types	Cent, Standard
Tradable Instruments	Forex, stocks, indices, cryptocurrencies, metals, energies, Futures
Platform	MetaTrader 4, MetaTrader 5, FBS App
Regulation	CySEC, ASIC, FSC (Belize)
Minimum Deposit	$5 but this may vary for different payment systems
Minimum order	0.01 lot
Leverage	Up to 1:3000
Spreads	Floating, starting from 0.7 pips
Commission	Varies by account type, from $0 to commission-based
Accepted Currency	USD, EUR, GBP, AUD, XAU, MXN, JPY, CHF, CAD, NZD, TRY, SGD, ZAR, SEK
Transaction options	Over  200+ payment methods.Neteller, Skrill, PerfectMoney, Mastercard, Wire transfer, Maestro, Rapid Transfer, STICPAY, Visa

10. VT Markets 

VT Markets is the 10th and final broker on our top ten MT5 brokers list. Our review reveals that they provide access to many tradable Instruments, including 20+ commodities, 47 cryptocurrencies, 50+ forex pairs and indices, and over 800 stocks and ETFs.

Key Facts About The MT5 Broker VT Markets:

Feature	Information
MT5 Compatible	Yes
Account types	RAW ECN account, Standard STP account
Tradable Instruments	Forex, Commodities, Shares, Cryptocurrencies, Indices, ETFs, CFD Bonds, CFD Shares, Precious Metals, Energies
Platform	MetaTrader 4, MetaTrader 5, WebTrader, TradingView, VT Markets App
Regulation	ASIC, FSCA, FSC Mauritius
Minimum Deposit	$100
Minimum order	0.01 lot
Leverage	Up to 1:500
Spreads	From 0.0 pips (Raw ECN) and 1.2 pips (Standard STP)
Commission	$6 (RAW ECN), $0 (Standard STP) per round turn
Accepted Currency	AUD, USD, EUR, GBP, HKD, CAD.
Transaction options	Deposits and withdrawals via bank wire, credit/debit cards, UnionPay transfer, Neteller, Skrill, Fasapay, Mobile pay, EU bank.

How To Connect Your Broker with the MT5:

Connecting your broker to the MT5 can be daunting and stressful for a new forex trader. However, with this guide, you can easily connect your broker. Here are a few steps to follow. 

• Open Account
• Download MT5
• Lauchn MT5
• Verify Connection

Step 1: Open An Account With An MT5 Broker 

First, you’ll need to research the broker you want to open an account with, especially a reputable one that supports MT5. Then, go to the broker’s website and open a trading account. This will involve filling out a registration form and verifying your account.

Step 2: Download and Install MT5

Download MT5 from the broker’s website and install it on your device. Ensure you download the version compatible with your device — Windows, Mac, or mobile. While installing, choose the installation directory you prefer and proceed to set up

Step 3: Launch MT5

When it is fully downloaded, launch the MT5 app. Since you have an existing account with your broker, you wouldn’t need to register or fill in most details. However, you may need to provide the following, if requested:

• Account number: Provided by the broker during registration
• Password: Password set during account creation
• Server: Choose the server listed in login details from the broker — e.g. Demo or Liver Server
• Server address and name: You can find this in the welcome email from the broker or account dashboard on the broker’s website.

Step 4: Verify Connection 

Check the terminal window for connection status. To confirm this, you must see your account balance, currency, and other details.

How To Trade with Your Broker on MT5:

Once you’ve connected your broker to the MT5 broker, here are the steps you need to follow to begin trading:

Step 1: Select Your Asset

Choose the asset that you want to trade. To do this, check the “Market Watch” window on the left of the screen. On there, you’d see a list of available assets like commodities, stocks, and currencies. Choose the asset you want and prepare for your trade.

Step 2: Open a New Order

After selecting your asset, you should open a trade. Click on “New Order” at the top pf the screen and after a new window opens, choose the size of your trade (volume), and choose buying or selling. If you predict the price to rise, click “Buy.” On the other hand, if you predict a fall in price, click “Sell.” 

Step 3: Set Your Stop Loss and Take Profit

To mitigate risks, set your stop loss and take profit for your trade. Setting a stop loss makes your trade close automatically if the price drops below what you desire. On the other hand, a take profit closes your trade when the price reaches a certain level without a need to monitor the market constantly.

Step 4: Monitor Your Trade 

Once you place your trade, it displays in the “Terminal” window at the bottom of the screen. You can check the progress of your trade in that area to see if you’re in profit or loss. You can also adjust your Stop Loss or Take Profit, or close the trade manually.

Step 5: Close Your Trade

When you intend to close your trade, click on the “X” sign on the “Terminal” window. This will finalize your trade, whether you’re in a profit or loss.

How Is The Execution Speed On The MT5?

Execution speed is one of the most important criteria for many traders. This is because the faster the speed, the higher the volumes of trade that are happening. A faster speed also ensures that your clients can buy or sell at the prices they have requested. Subsequently, execution speed has a direct effect on the profits of both buyers and sellers. 

The execution speed of a single order in MT5 is approximately 4-5 milliseconds. This includes the time required to receive the order, send it to the liquidity bridge, and execute the order within the MT5 platform.

Is Automated Trading Allowed with These MT5 Brokers?

Yes, automated trading is allowed with these brokers. They help execute orders based on logical patterns, analysis, and profit opportunities. While traders can be hesitant to trade based on certain factors, such as emotions or biases, these elements are removed in automated trading. 

Automated trading also helps you place orders even when you can’t access your trading account. The software will automatically execute orders after scanning the markets using your pre-set parameters for your trades.

Important Things to Consider When Choosing an MT5 Broker 

Choosing an MT5 broker can be a time-consuming and nerve-wracking process. Although many brokers support MT5, when it comes to choosing the one for you, there are essential things you need to keep in mind. Some of these things can be found below:

• Regulation and Safety 
• Transaction Cost 
• Trading Tools and Resources 
• Customer Support 

Regulation and Safety 

While many brokers use MT5, not all of them are authorized or regulated by a financial authority. When choosing an MT5 broker, regulation should be on top of your priorities. Since you will be carrying out transactions and executing trades through them, you’d want to be sure that they are being monitored and regulated by a strong financial body.

Transaction Cost 

The trading fees charged by your online broker are most likely to influence your transactions. While it’s not illegal to add extra transaction fees, it’s essential to look for brokers that clearly list such fees on their websites.

Trading Tools and Resources 

You need to have a competitive advantage if you want to be successful in the markets. That’s where trading tools and resources come in. Choose brokers who will give you comprehensive access to an array of tools. This includes an economic calendar that can help you stay updated with important news announcements.

Customer Support 

It’s extremely important to choose MT5 brokers who provide exceptional customer care. You need to be sure that you can contact them as often and as quickly as possible in case there are any problems.

Alternative Platforms Where You Can Trade Via Your Broker 

Below is the list of alternative platforms you can trade via your broker apart from MT5:

• MT4
• cTrader
• TradingView

MT4

MT4 is another alternative to MT5 that is suitable for novice and experienced traders. The platform was developed by MetaQuotes in 2002, although it gained traction three years later after the stable version was released in 2005. Although it’s commonly associated with Forex trading, MT4 can be used to trade other assets, including commodities and CFDs. It is, however, slower than MT5 and doesn’t provide a wide array of instruments like MT5.

cTrader 

Established in 2011 by Spotware Systems, cTrader is a forex and CFD trading terminal offering automated cBots trading. Several leading brokers, including Pepperstone and BlackBull Markets, offer this platform. It offers 12 order types, 70 technical indicators, 8 chart types, and 54 time frames. cTrader provides multi-asset opportunities to a growing broker list, ensures an easy-to-use interface, and ensures direct server access to the markets.

TradingView

TradingView is another alternative to MT5. It was established in 2011 and has been used by 30+ million investors and traders worldwide. It is a beginner-friendly platform with advanced charts and an active trading community. This platform is offered by several leading brokers, including RoboForex and IC Trading. However, it does not support automated trading and copy trading.

Conclusion 

MT5 is one of the best trading platforms for many traders, especially for those who are relying on a high-level chart analysis. If you are looking for the top 10 MT5 brokers, you can scroll through a list and pick from the wide array of brokers we’ve highlighted for you. The right trading broker is essential to save costs and ensure quick order execution.

Frequently Asked Questions on MetaTrader 5 Brokers