forex

MT5 Brokers

Metatrader 5 (MT5) is an upgraded version of the forex industry's most popular kid – Metatrader 4, however this platform has a slightly different target in mind: it is designed for trading commodities and stocks, rather than forex. Which is not to say it's no good for trading currencies – on the contrary. 
 
MT5 features most of the goodness of its predecessor, and more – it comes with 79 technical analysis tools, 21 chart time frames, and the possibility to open up to 100 charts simultaneously. 
 
A MQL5 programming environment is built in straight into the platform to facilitate creating custom technical indicators and trading robots (Expert Advisors, or EAs). 
 
Strategy-wise, MT5 is similar to MT4 as it supports all types of orders – market, pending and stop. There are two major differences from MT4, though: first off, hedging is not allowed. This means that if you open a long and a short position of the same contract size for the same currency pair, this will result in a zero position. Secondly, MT5 complies with the CFTC's FIFO (First-In-First-Out) rule. For instance, if you hold 1 lot long EUR/USD @ 1.3000 and then buy another lot EUR/USD @ 1.3200, you will see just one open position in your MT5 account: 2 lots long EUR/USD @ 1.3100. In case of closing just one lot, the first open lot is considered closed.
 
Below is a list of MT5 forex brokers. Many brokers still only offer demo MT5 accounts, but plenty also support live accounts on the platform - such examples are Vantage FX, Nord FX, InstaForex and LiteForex.
 
For MT4 forex brokers list click here
 


MT5 Brokers

Broker Regulated Min.deposit Leverage Spread Promotion Review
$5 1:1000 0.5 Review Website
- 1:2000 1 Review Website
$2000 1:500 2 Review
$1 1:50 1 10% Bonus Review
$200 1:500 0 Review
$10 1:200 0.8 25% Bonus Review
$250 1:50 2 8% Bonus Review
  $10 1:500 2 30% Bonus Review
$200 1:500 1.6 Review
$25 1:500 2 35% Bonus Review
$50 1:500 0.6-2 Review
  $5 1:500 0 $8 bonus Review
  Review
$1 1:1000 1.0 25% Bonus Review
$100 1:400 1 Review
$1 1:100 3 $5 free Review
$25 1:400 2 Review
  $1 1:500 0.8 Review
  $10 1:1000 3 30% Bonus Review
$1 1:500 1 Review
$500 1:500 1 Review
$500 1:50 1.5 Review
  $1 1:500 Review
  $100 1:200 2 Review
$1 1:500 1 Review
$200 1:200 1 Review
  $100 1:100 1 Review
$300 1:200 2 pips Review
  $1 1:500 2 50% Review
  $25 1:500 2 pips Review