Best MT5 Forex Brokers

AvaTrade is another of the most respected forex brokers in the industry offering the MT5 platform. First founded in Ireland where they are regulated, AvaTrade are now in operation around the world and are a well-trusted forex broker. AvaTrade is ideal for those looking to trade with fixed spreads asthey are one of the only well-respected brokers to offer this.

When it comes to the account types you can open with AvaTrade, you have a few choices, including a retail, options trading, or spread betting account depending on your location. The AvaTrade minimum deposit is $100 across all of the accounts and both Islamic and demo accounts are catered for.

You can fund AvaTrade account through wire transfer using your credit card, or an eWallet service and most of the deposit methods are fee-free. The fixed spread mentioned also starts out at a reasonable 1.3 pips.

The next broker that our team of reviewers deem to be one of the best offering access to the MT5 trading platform is Vantage. Vantage are a well-known broker based in Australia who offer extensive regulatory oversight from some of the most respected names in the industry, including ASIC, FCA, and CIMA.

With Vantage, you can choose to open a standard account or one of the two ECN account types depending on your needs. Regardless of the account type you open, you will be offered trading through the MT5 platform.

Vantage’s minimum deposit starts from $200 for the standard account, which increases to $500 minimum deposit with an ECN account. Traders can look forward to selecting from a wide range of markets including 150 CFDs and 40 forex currency pairs with a forex spread starting from 0 pips. Islamic accounts are also available with Vantage a top Islamic trader choice.

FP Markets is another prominent MT5 broker also based in Australia. FP Markets are well-trusted and regulated forex broker who have been established in the industry since 2005. They operate as a market maker broker who offer fast ECN/STP execution of trades. Beyond their lightning execution, FP Markets is overseen by both CySEC and ASIC to ensure complete regulatory compliance.

As well as offering forex traders the opportunity to trade through the MT5 trading platform, you can also trade through MT4 and IRESS trusted platforms to suit various trading needs and styles. The minimum deposit with FP Markets is excellent value at $100 and the spreads on trading can start from as low as 0 pips.

A nominee in the UK Forex Awards 2016 in the category for MT5 platforms, ForexTime (FXTM) is based in Cyprus and has won several awards over the years. FXTM is well-regulated by a host of top tier regulatory bodies, including CySEC (185/12), FSCA (FSP No. 46614), and the IFSC (IFSC/60/345/TS and IFSC/60/345/APM).

FXTM are one of the most well-known market maker brokers around, offering extensive leverage that can reach up to a huge 1000:1 depending on where you are trading from. Their leverage helps in attracting experienced traders while their low minimum deposit starting from just $10 can be excellent for newer forex traders. This minimum deposit will be $500 if you are opening an ECN account.

Trading with FXTM takes place through the respected MT4 as well as MT5 trading platforms, and you will have a good range of account types to choose from.

IC Markets are one of the most widely known forex brokers in the world also offering access to MT5. The broker is award-winning and well-regulated by both ASIC and CySEC for your protection as a trader. IC Markets are particularly well-renowned by many traders for their range of forex markets and the low spread that they have in place on many forex currency markets. Their variety of markets makes them a suitable choice for all levels of forex trader with spreads starting at just 0.1 pips.

In addition to their popularity among forex traders, IC Markets also offer a wide range of markets in CFDs on indices, commodities, stocks, futures, bonds, and even crypto, to ensure there are markets suited to all types of trader.

In addition, this broker features no minimum deposit to appeal to new traders. They simply suggest that you deposit at least $200 in order to get the best experience from the platform as a forex trader.

FBS are next to feature in our collection of the best MT5 forex brokers in the industry; a top international broker and the choice of many traders due to being comprehensively regulated by both CySEC and the IFSC in Belize. These factors along with a varied choice in account types make the broker a top choice, particularly among new traders.

Traders can select from a Cent, standard, ECN, or fixed spread zero account. Their minimum deposit vary with deposits starting from just $1 for the FBS cent account, $100 for standard, $500 for the fixed spread zero account, and $1000 for the ECN account. Both Islamic and demo accounts are also available.

When trading with FBS, you will also have access to their user-friendly and well-supported proprietary copy trading platform. Their costs are also kept competitive with fixed spreads on the zero account starting from 0 pips and the general spread with FBS outside this account type starting from 0.5 pips.

Among the most famous and awarded, the London-based broker FxPro won best Metatrader 5 Broker in the UK forex award 2017. FxPro are another well-regulated forex broker in the industry and boast FCA (509956), CySEC (078/07), FSCA (45052) and SCB (SIA-F184) regulation to protect traders and ensure they feel comfortable investing.

FxPro are an NDD (Subject to Order Execution Policy) broker and the minimum deposit good value at $100 across the board.

FxPro offers access to MT5 along with a host of other platforms including MT4, cTrader, and FxPro Edge. Traders can also benefit from both fixed and floating spreads available depending on the market and these can start from a spread of 0 pips in some cases.

Founded in Switzerland in 2001 and then moving to London, ActivTrades was nominated among the best broker 2016 for MetaTrader 5. ActivTrades is highly active in Europe, especially in Germany and Italy, and are well-regulated by the FCA (No. 434413) and the DFSA (No. 2309) providing excellent protection to traders.

Beyond their regulations, ActivTrades are an STP market maker broker who also offer DMA (direct market access) services to forex traders. ESMA regulations in Europe mean that retail traders can access leverage of up to 1:30 unless they are registered professional traders, where the leverage then grows to 1:400. A minimum deposit is also not required making the broker popular among new traders. All of these factors and the great range of markets they have available makes ActivTrades an excellent choice all round, particularly when it comes to CFDs and stocks trading.

The final broker our review team have included in their compilation of the best brokers offering MT5 is Exness, a relatively young Cypriot-Russian broker founded in 2008. Exness have won several awards over the years and are well-established, shown by their FCA (730729) and CySEC (178/12) regulations. Exness operate as a market maker ECN broker and offer a large selection of markets for traders to choose from to suit their trading needs and styles.

These available markets include many forex currency pairs alongside CFDs in commodities, and cryptocurrency. In fact, Exness is moving toward being a broker that is available only if you can qualify as a professional forex trader. This is possible for all if you have enough assets or trading experience in the industry.