Best MT5 Forex Brokers 2026

Every broker on this list offers MetaTrader 5 — the modernised MetaTrader platform with multi-asset support, hedging accounts, and faster strategy backtesting.

Updated April 2026 145 brokers analyzed Editorially independent
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How We Rank Brokers

MT5 supports stocks, futures, and options alongside forex — handy for multi-asset traders. It also offers multi-threaded backtesting (much faster than MT4), more order types, and a cleaner interface for new traders.

MT5 Platform Implementation (30%)

Native MT5 desktop, web, and mobile availability

Trading Costs on MT5 (25%)

Raw spread and commission delivered through MT5 servers

Regulation & Safety (20%)

Tier-1 regulatory licensing for MT5 account entities

Execution Quality (15%)

MT5 order routing, hedging support, fill speed

Multi-Asset & Backtesting (10%)

Stocks/futures support, multi-threaded strategy backtesting

Top 10 MT5 Forex Brokers

Ranked by MT5 platform implementation, raw-spread account quality, tier-1 regulation, multi-asset support, and execution quality through MT5 servers.

#1

IC Markets

4.7
★★★★½
Premium ECN Tier ASIC
Rating
4.7
Min Deposit
$200
Platforms
MetaTrader 4 · MetaTrader 5 · cTrader
Regulation
ASIC
Tier
Premium ECN
Founded
2007
Why traders choose IC Markets

IC Markets brings MT5 with multi-asset capability and advanced order management. Regulated by ASIC and operating since 2007 (19 years), it offers a $200 minimum entry and supports MetaTrader 4 · MetaTrader 5 · cTrader.

#2

Fusion Markets

4.3
★★★★☆
Premium ECN Tier ASIC
Rating
4.3
Min Deposit
$0
Platforms
MetaTrader 4 · MetaTrader 5 · cTrader
Regulation
ASIC
Tier
Premium ECN
Founded
2017
Why traders choose Fusion Markets

Fusion Markets brings MT5 with multi-asset capability and advanced order management. Regulated by ASIC and operating since 2017 (9 years), it offers no minimum deposit entry and supports MetaTrader 4 · MetaTrader 5 · cTrader.

#3

AvaTrade

3.5
★★★½☆
Established Tier CBI · ASIC · JFSA
Rating
3.5
Min Deposit
$100
Platforms
MetaTrader 4 · MetaTrader 5 · Avatradego
Regulation
CBI · ASIC · JFSA
Tier
Established
Founded
2006
Why traders choose AvaTrade

AvaTrade brings MT5 with multi-asset capability and advanced order management. Regulated by CBI · ASIC · JFSA and operating since 2006 (20 years), it offers a $100 minimum entry and supports MetaTrader 4 · MetaTrader 5 · Avatradego.

#4

FP Markets

4.5
★★★★½
Premium ECN Tier ASIC
Rating
4.5
Min Deposit
$100
Platforms
MetaTrader 4 · MetaTrader 5 · cTrader
Regulation
ASIC
Tier
Premium ECN
Founded
2005
Why traders choose FP Markets

FP Markets brings MT5 with multi-asset capability and advanced order management. Regulated by ASIC and operating since 2005 (21 years), it offers a $100 minimum entry and supports MetaTrader 4 · MetaTrader 5 · cTrader.

#5

Pepperstone

4.5
★★★★½
Premium ECN Tier FCA · ASIC · BaFin
Rating
4.5
Min Deposit
$0
Platforms
MetaTrader 4 · MetaTrader 5 · cTrader
Regulation
FCA · ASIC · BaFin
Tier
Premium ECN
Founded
2010
Why traders choose Pepperstone

Pepperstone brings MT5 with multi-asset capability and advanced order management. Regulated by FCA · ASIC · BaFin and operating since 2010 (16 years), it offers no minimum deposit entry and supports MetaTrader 4 · MetaTrader 5 · cTrader.

#6

BlackBull Markets

4.2
★★★★☆
Premium ECN Tier FMA · FSPR
Rating
4.2
Min Deposit
$0
Platforms
MetaTrader 4 · MetaTrader 5 · cTrader
Regulation
FMA · FSPR
Tier
Premium ECN
Founded
2014
Why traders choose BlackBull Markets

BlackBull Markets brings MT5 with multi-asset capability and advanced order management. Regulated by FMA · FSPR and operating since 2014 (12 years), it offers no minimum deposit entry and supports MetaTrader 4 · MetaTrader 5 · cTrader.

#7

Vantage

4.2
★★★★☆
Established Tier FCA · ASIC
Rating
4.2
Min Deposit
$50
Platforms
MetaTrader 4 · MetaTrader 5 · TradingView
Regulation
FCA · ASIC
Tier
Established
Founded
2009
Why traders choose Vantage

Vantage brings MT5 with multi-asset capability and advanced order management. Regulated by FCA · ASIC and operating since 2009 (17 years), it offers a $50 minimum entry and supports MetaTrader 4 · MetaTrader 5 · TradingView.

#8

Eightcap

3.8
★★★½☆
Established Tier FCA · ASIC
Rating
3.8
Min Deposit
$100
Platforms
MetaTrader 4 · MetaTrader 5 · TradingView
Regulation
FCA · ASIC
Tier
Established
Founded
2009
Why traders choose Eightcap

Eightcap brings MT5 with multi-asset capability and advanced order management. Regulated by FCA · ASIC and operating since 2009 (17 years), it offers a $100 minimum entry and supports MetaTrader 4 · MetaTrader 5 · TradingView.

#9

Exness

4.2
★★★★☆
Major Retail Tier FCA
Rating
4.2
Min Deposit
$1
Platforms
MetaTrader 4 · MetaTrader 5 · TradingView
Regulation
FCA
Tier
Major Retail
Founded
2008
Why traders choose Exness

Exness brings MT5 with multi-asset capability and advanced order management. Regulated by FCA and operating since 2008 (18 years), it offers a $1 minimum entry and supports MetaTrader 4 · MetaTrader 5 · TradingView.

#10

Tickmill

3.5
★★★½☆
Established Tier FCA
Rating
3.5
Min Deposit
$100
Platforms
MetaTrader 4 · MetaTrader 5 · TradingView
Regulation
FCA
Tier
Established
Founded
2015
Why traders choose Tickmill

Tickmill brings MT5 with multi-asset capability and advanced order management. Regulated by FCA and operating since 2015 (11 years), it offers a $100 minimum entry and supports MetaTrader 4 · MetaTrader 5 · TradingView.

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Frequently Asked Questions

Common questions about choosing a mt5 forex broker

What can MT5 do that MT4 cannot?
Five main differences: (1) multi-asset support — stocks, futures, options alongside forex, (2) hedging account modes for trading multiple positions on the same instrument, (3) more order types including buy-stop limits and sell-stop limits, (4) deeper market depth visualisation with up to 32 price levels, and (5) multi-threaded strategy backtesting that's dramatically faster than MT4's single-thread tester.
Are MT5 spreads tighter than MT4?
On the same broker account, generally no — spreads are pricing-engine driven, not platform driven. However, some brokers offer MT5-only accounts with tighter raw-spread pricing as an incentive to migrate users. Always compare specific broker accounts, not platform versions in general.
Should beginners start with MT4 or MT5?
MT5 is the more modern choice for new traders — faster, more flexible, with better backtesting and a cleaner interface. The traditional advice 'start with MT4 because that's what everyone uses' is becoming dated. The only strong reason to start with MT4 is if you've already purchased specific MT4 EAs you want to run.
Can I use both MT4 and MT5 with the same broker?
Most brokers offering both platforms run them as separate accounts — you'd open one MT4 account and one MT5 account, with separate balances. Some brokers offer 'unified' accounts with the same balance accessible from both platforms, but this is rare. Check broker specifics if managing two platforms is important to you.

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