Best MT5 Forex Brokers 2020 (Metatrader 5)
Though it has always been a bit in the shade, in these last years more and more users have increasingly showed interested for the best MT5 forex brokers.
To facilitate the search, we have selected our TOP 7 of the best metatrader 5 brokers for 2020.
The MetaTrader 5 platform was born as an evolution of the still popular and widely used MT4, the simpler and lighter model.
The MT5 platform of the MetaQuotes company offers more tools and capabilities than its predecessor, and is designed to also support several more instruments such as CFDs, stocks, indices, futures and options.
If you’re wondering why the MT5 did not automatically replace the MT4, I’ll explain it very simply.
As you may know, with the MT4 any programmer could create their own programs and indicators, and run them freely on the platform.
And the same can be done with MT5.
The “problem” is that the MT5 is written with a new and more modern programming language, which is incompatible with the MT4 one, and this means that all the additional programs and indicators created for the MT4 are not available on the MT5.
However, I would not worry too much, because there’s still plenty of programs for the MT5.
The brokers that offer the possibility to use the MT5 are many and growing.
Here we have collected the names of the most solid, most awarded and most respected (among the most important aspects when you have to choose a broker) brokers to help you in your choice.
So, here is our list of the best MT5 brokers.
(This post is part of the top 10 forex brokers and top 10 MT4 forex brokers series)
Top 7 of the Best Brokers 2020 for the Forex Metatrader 5
Here’s our ranking:
1. FxPro MT5
Always among the most famous and awarded, the London-based broker FxPro has been awarded Best Metatrader 5 Broker on the latest UK Forex Awards 2016. For sure the best choice to try the forex Metatrader 5.
- Regulations: FxPro UK Limited authorised & regulated by the FCA (509956); FxPro Global Markets MENA Limited authorised & regulated by the DFSA (F003333); FxPro Financial Services Ltd authorised & regulated by CySEC (078/07) and the FSCA (45052); FxPro Global Markets Ltd authorised & regulated by the SCB (SIA-F184). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
- Type: NDD (subject to Order Execution Policy)
- Minimum Deposit: $100
- Platforms: MT4, MT5, cTrader, FxPro Edge (web platform)
- Headquarters: FxPro Group Limited is headquartered in Guernsey
- US Customers: No
- Other instruments: CFDs on futures, indices, shares, metals, energies; spread betting
2. ForexTime FXTM MT5
Last nominee in the UK Forex Awards 2016 in the category MT5 Platforms is Forextime (FXTM), broker based in Cyprus and also winner of several awards over the years.
- Regulations: ForexTime Limited regulated by CySEC (185/12), licensed by the FSCA (FSP No. 46614), and registered by the FCA (600475); ForexTime UK Limited authorised & regulated by the FCA (777911); FT Global Limited regulated by the IFSC (license numbers IFSC/60/345/TS and IFSC/60/345/APM). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
- Type: Market Maker
- Leverage: 1:1000
- Minimum Deposit: $ 5, £5, € 5
- Platforms: MT4 (PC, Mac, iOS, Android, multi terminal, web platform), MT5 (PC, Mac, iOS, Android, web platform), MyFXTM (Android, iOS)
- Headquarters: ForexTime Limited is headquartered in Limassol, Cyprus
- US Customers: No
- Other instruments: CFDs on shares, commodities, indices; spot metals
3. Admiral Markets MT5
Founded in 2001 in Russia and strongly growing in recent years, also Admiral Markets was among the nominees for the best MT5 broker for 2016. Today Admiral Markets is a global brokers with offices all around the world.
- Regulations: Admiral Markets UK Ltd authorised & regulated by the FCA (595450); Admiral Markets AS authorised & regulated by the EFSA (4.1-1/46); Admiral Markets Cyprus Ltd authorised & regulated by CySEC (201/13); Admiral Markets Pty Ltd holds Australian Financial Services Licence (410681). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
- Type: Market Maker
- Leverage: Clients registered with a standard retail account can access 1:30 leverage, clients registered with a professional account can access 1:500 leverage
- Minimum Deposit: $ 200 or similar size in other currencies
- Platforms: MetaTrader WebTrader, MT4, MT5, MetaTrader Supreme Edition
- Headquarters: Admiral Markets UK Ltd. is headquartered in London, UK
- US Customers: No
- Other instruments: CFDs on commodities, indices, shares, bonds, cryptocurrency, ETFs
4. ActivTrades MT5
Founded in Switzerland in 2001 and then moved to London, also Active Trades was nominated among the best broker 2016 for Metatrader 5. Active Trades is very active in Europe, especially in Germany and Italy.
- Regulations: ActivTrades PLC is authorised & regulated by the FCA (434413) and the DSFA (2309); ActivTrades Corp is authorised & regulated by The Securities Commission of the Bahamas (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
- Type: STP, Market Maker, DMA
- Leverage: Clients registered under ESMA regulation can access 1:30 leverage, while other retail traders can leverage up to 1:400
- Minimum Deposit: No minimum deposit required
- Platforms: ActivTrader, MT4, MT5
- Headquarters: ActivTrades PLC is headquartered in London, UK
- US Customers: No
- Other instruments: Options; ETFs; CFDs on indices, international shares, commodities, bonds; spread betting (for UK-based clients) on forex, commodities, stocks, shares
5. Exness MT5
Fourth nominated as best MT5 forex broker we have Exness, a relatively young Cypriot-Russian broker, founded in 2008. Despite his young age he already managed to win several awards.
- Regulations: Exness (UK) Ltd authorised & regulated by the FCA (730729); Exness (Cy) Ltd authorised & regulated by CySEC (178/12). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
- Type: Market Maker, ECN
- Leverage: 1:2000
- Minimum Deposit: $ 1
- Platforms: MT4, MT5, MT4 webterminal, mobile app (iOS and Android)
- Headquarters: Exness Limited is headquartered in Saint Vincent and the Grenadines
- US Customers: No
- Other instruments: CFDs on gold, silver, cryptocurrency
6. NordFX MT5
Among other famous Cypriot brokers that support MetaTrader 5 we have NordFX.
- Regulations: NFX Capital Vu Inc. regulated by the VFSC (15008); NFX Capital Cyprus Ltd regulated by CySEC (209/13); Nord Forex India Pvt Ltd licensed by SEBI. (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
- Type: ECN
- Leverage: 1:1000
- Minimum Deposit: $ 10
- Platforms: MT4 (iPhone/iPad, Android, Multiterminal), MT5, (iPhone/iPad, Android, Multiterminal)
- Headquarters: NFX Capital Vu Inc. is headquartered in Port Villa, Vanuatu
- US Customers: No
- Other instruments: CFDs on metals, futures, commodities, cryptocurrency, cryptocurrency indices
7. Swissquotes MT5
Last on our list we have the Swiss Swissquotes.
- Regulations: Swissquote Ltd authorised & regulated by the FCA (562170); Swissquote Financial Services (Malta) Ltd regulated by the MFSA; Swissquote Bank MEA Limited regulated by the DFSA; Swissquote Asia Limited regulated by the SFC. (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
- Type: Market Maker, Agency
- Leverage: 1:1000
- Minimum Deposit: No minimum deposit required
- Platforms: MT4 (web platform, iOS, Android), MT5 (web platform, iOS, Android)
- Headquarters: Swissquote Group Holding SA is headquartered in Gland, Switzerland
- US Customers: No
- Other instruments: CFDs on stock indices, commodities and bonds, cryptocurrency
