The MetaTrader 5 (MT5) was introduced in the year 2010. MetaQuotes released the new platform MT5 instead of MT4. It worked slowly to replace its predecessor in the marketplace. MetaTrader 4 was great and popular around the globe.
No US brokers support MetaTrader5. All the support remains for MetaTrader4. You must trade outside the United States if you want to trade options. MetaQuotes decided to discontinue selling the new licenses for the MT4 platform to encourage the newest platform.
If you are looking for the best MT5 forex brokers platform for your trading, check out the best MT5 forex brokers below. Also, we can check Is MT5 brokers legal here.
Best MT5 Forex Brokers 2022 – Best Brokers In The World
MetaTrader 5 was designed as the successor to the MetaTrader4 platform; this is the most popular retail forex trading platform in the market today. It is not only the upgraded version of the MT4 platform, and the MT5 platform is designed as a turnkey solution for brokers.
MetaTrader 5 has some benefits and advantages that Mt4 does not offer. MetaTrader 5 was designed as an equity CFD and futures in other markets. All should know that MT4 and MT5 are built and run on different software because many traders use custom indicators and EAs.
MT5 was created to fill a void that MT4 was not filling. Best MT5 forex brokers also provide you with the option of extra time frames. Also offers the extra technical indicators built into the standard platform.
Reasons To Choose The Best MT5 Forex Brokers 2022
- MetaTrader 5 has great built-in signals. That is supplied automatically within one handy platform.
- It will be perfect if you only want one combined position per currency pair.
- You will get the opportunity to develop your trading tools with the best MT5 forex brokers.
- You can access a range of free code libraries and standard classes.
- Providing the best backtesting tools.
- It comes with free self-downloading data that corners plenty of currency pairs.
Providing four different types of order execution
- For instant orders, the dealing desk may send re-quotes.
- Market orders it is possible with the best market price.
- Request orders, acceptance pending.
- Exchange order that matches among traders.
Table of Contents
MT5 Forex Brokers Company
Forex.com
Forex.com has an impressive group of pairs to trade and provide 3 different accounts to choose from. This broker also provides extensive educational materials. Forex.com supports both MetaTrader4 and MetaTrader5. Forex.com ranked #1 place and established itself as one of the best brokers in the world. This broker is our no.1 recommendation for traders. They have strong regulations, including being regulated by the CFTC.
They allow you to access a wide range of trading platforms, and the spreads are as low as 0.2. They can trade on over 80 currency pairs. The best MT5 forex brokers with forex.com come with 20 free and easy-to-install EAs and custom indicators. While opening an account with forex.com, you will also get access to the suite of downloadable mobile apps and the web. We believe Forex.com is the best forex broker for MT5 trading.
Features Of Forex.Com With MT5
Spreads start from 1 pip.
Platforms are available on web traders, mobile devices, and desktops.
Forex.com is regulated in multiple countries across the globe, but they make MT5 available to European traders.
Providing advanced charting and analysis tools for MT5. They are integrated into the platform.
You can trade forex in a liquid environment with Forex.com’s MT5 account.
Forex.com is a large pool of tradable forex pairs, with over 80 in total; this is another good feature of forex.com.
Pros
FX fees are low.
Countless trading pairs.
Extensive research tools.
Offers other trading platforms and MT4.
Cons
The product portfolio is limited.
Stock CFD fees are high.
FP markets
FP market was founded in 2005 and has been around for a long time. It supports both MetaTrader 4 and MetaTrader 5. FP markets allow all forex trading strategies, including scalping, hedging, and copy trading. FP markets offer trading on multiple instruments, including metals, shares, cryptocurrencies, commodities, indices, and over 60 forex pairs and a wider range than is available at most other brokers; this also offers other trading platforms to suit your individual needs along with IRESS.
Its market analysis and education sections are well-presented and in-depth. They were catering to both experienced and beginner traders alike. This broker is also an Australian-based broker that ASIC regulates. You have many different deposit and withdrawal options in FP markets, including all major cards and Paypal.
Features Of FP Markets With MT5
Spreads start from 1 pip on a standard MT5 account. It is lower on the raw MT5 account.
The minimum deposit is $100, and you can find an ECN execution. The maximum leverage is up to 1:500 for international forex traders.
Australian, British, and European traders are limited to 1:30.
FP markets are known for their advanced MT5 forex trading technology, which gives low spreads and latency.
You can also trade copy with the FP market’s MT5 platform.
You can also install EAs and use VPS to trade forex.
Pros
A demo account is offered to trade.
No deposit or withdrawal fees.
Customer support through WhatsApp.
Cons
Not having a complete educational section.
Inactivity fee after 3 months.
Admiral Markets
Admiral markets were founded in 2001 and support MetaTrader 4 and MetaTrader 5 on both Windows and Mac computers. They have fewer currency pairs than the IC markets, and 500:1 leverage is restricted to professional clients. Now they provide forex and CFD products on several global instruments. Also, the CFD choices are impressive. You can choose from CFD contracts on over 3,000 stocks and ETFs, 16 commodities, 19 indices, and 32 cryptocurrencies.
Admiral markets access MT5 users’ desires and do a good job of keeping spreads low. Along with this firm, four regulatory agencies have relationships, including England’s Financial Conduct Authority. Trader’s money is safe here and can be put to use in a diverse number of markets.
Features Of Admiral Markets With MT5
Spreads start from 0 pips with a round turn commission of 1.8 USD.
The maximum leverage is up to 1:500, depending on the country you are based in.
Admiral offers an enhanced version of MetaTrader 5 called MetaTrader Supreme Edition.
The minimum deposit is $100 for European users, $25 for international traders, and $250 for UK users.
You can link a VPS to your MT5 for an improved Algo trading experience, and the expert advisors can be installed on MT5.
You can use your MT5 on your browser as well as on your desktop computer. Both are available for mobile users, iOS, and Android users.
Pros
Forex CFD fees are low.
Free and fast withdrawal and deposit.
The account opening system is straightforward.
Cons
CFDs portfolio is limited.
Inactive fee.
No customer support.
Online MT5 Forex Brokers 2022
MetaTrader 5 is a powerful automated online trading platform. That offers advanced tools for successful trading analysis and trades in the financial markets. Also, the best MT5 forex brokers help you to trade CFDs, stocks, and futures. It has numerous execution modes and order types allow traders to use custom strategies. Traders can use algorithmic trading applications to automate trade with MT5. That includes EA and trading robots. You can build your own EAs and import built-in EAs.
Here is a list of the best MT5 forex brokers in 2022 that are best in online trading. There is a platform for all types of traders and provides you with multiple open positions and different timeframes:
- AvaTrade
- Pepperstone
- Forex.com
- FP Markets
- Oanda
- FBS
- FX Pro
- XM
- Blackbull Markets
- IC Markets
Top MT5 Forex Brokers 2022
Ava Trade was voted the best forex company in India. It is the legendary Irish-based MT4 forex broker with a long history. It is a worldwide expert in forex trading. It is awarded multiple awards and is heavily regulated in Tier 1 jurisdictions, including Ireland, Japan, South Africa, the United Kingdom, and Australia. Many more countries trust many brokers.
XM, HFM, IC markets, AvaTrade, Pepperstone, Exness, FX pro, FP markets, and Admirals are the top and best MT5 forex broker companies.
Best Forex Broker For MT5 Trading
This list consists only of the top 5 Regulated Brokers that are highly ranked and the trustworthy MT5 forex brokers:
- FP Markets.
- BDSwiss.
- BlackBull Markets.
- HFM.
- Pepperstone.
FAQ – Best MT5 Forex Brokers
Is MT5 broker legal?
Yes, the best MT5 forex broker WebTrader trading platform is legitimate.
Conclusion – Best MT5 Forex Brokers 2022
Here we have seen the top and best MT5 forex brokers in 2022. Mentioned here are the best forex brokers for MT5 trading and genuine brokers. MetaTrader 5 has new features and enough improvements to warrant a download. It is a great tool and ensures the broker you want to use supports it.
MetaQuotes Software has begun to push clients over MT5. MT5 added two additional order types and is now open to bonds, sutures, stocks, forex trading, and options. It includes popular features like expert advisors, hedging, and automated strategies that can still be used.
