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. 
 
For MT4 forex brokers list click here
 


MT5 Brokers

Broker Country Regulation Platforms Min.deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
UK, Cyprus FCA, CySEC MT4, MT5,
cTrader,
SuperTrader,
FxPro Markets
$100 Review Website
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Belize IFSC MT4, MT5, Web $1 Review Website
Cyprus CySEC MT4, MT5,
cTrader
$300 Review Website
Australia ASIC MT4, MT5,
cTrader
$200 Review
Cyprus, Belize CySec MT4, MT5,
cTrader
$1 Review
Malta MFSA MT4, Mirror
Trader
,
Currenex
$250 Review
Bulgaria FSC, FCA, CNMV, BaFIN MT4, MT5, Web,
SaxoTraderGo
N/A Review
UK FCA MT4, MT5 $100 Review
Montenegro No MT4, MT5,
Streamster
$1 Review
Belize IFSC MT4, MT5, Web,
Mirror Trader
$200 Review
UK, Cyprus, Australia, Estonia FCA, CySEC, ASIC, EFSA MT4, MT5, Web,
Mobile
$200 Review
Australia, UK ASIC MT4, MT5,
cTrader
$200 Review
Mauritius, Cyprus FSC, CySEC MT4, MT5 $5 Review
BVI FSC MT4, MT5,
cTrader
$300 Review
Czech Republic CNB MT4, MT5 $1 Review
BVI FSC MT4, MT5,
NetTradeX
$1 Review
Cyprus CySEC MT4, MT5 $200 Review
Belize, SVG IFSC MT4, MT5, Web $1 Review
Cyprus CySEC MT5 $100 Review
Cyprus CySEC MT4, Web $2000 Review
Russia Bank of Russia MT5 $2000 Review
Cyprus CySEC MT4, MT5 None Review
Bulgaria FSC MT5 $100 Review
Indonesia BAPPEBTI MT4, MT5 $500 Review
Cyprus CySec MT4, MT5 $1 Review
USA. New Zealand FMA MT5 $200 Review
St. Vincent N/A MT4, MT5, Web,
cTrader
$100 Review
Russia Central Bank of Russia MT4, MT5, Web $1 Review
Dominica N/A MT4, Currenex,
ActTrader
$100 Review
SVG N/A MT4, MT5, Web $1 Review
Philippines N/A MT4 $250 Review
Belize None MT4, MT5 $5 Review
Vanuatu None MT5 $200 Review
SVG None MT4, MT5 $1 Review
SVG N/A MT5 $1 Review
Vanuatu VFSC MT5 VFSC Review
Cyprus CySEC (license suspended) MT4, MT5 $100 Review
UK N/A MT4, MT5 $200 Review
Vanuatu VFSC MT5 None Review
Vanuatu VFSC MT5 $50 Review
BVI N/A MT4, MT5 $100 Review
Cyprus VFSC MT5 N/A Review
Vanuatu VFSC MT5 $100 Review
Vanuatu VFSC MT5 $0 Review
Forex

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