The MetaTrader 5 is a trading platform developed by MetaQuotes who also designed the popular MetaTrader 4 forex trading platform.
The MetaTrader 5 is a great all-around trading platform that can be used to trade forex and a range of CFDs. It can either be downloaded as a desktop platform, used as a web trading portal or accessed on a mobile device.
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Today, many CFD and forex brokers offer the MetaTrader 5 platform either on its own or together with the MetaTrader 4. On this page, we’ll walk you through some of the benefits of the MT5, and we will also provide a list of all the regulated MetaTrader 5 brokers that we recommend to our readers.
Check out our guide on best trading platforms for more options!
Using the MetaTrader 5
The MetaTrader 5 is a powerful multi-asset trading platform and the first-hand choice for most modern traders. It was developed to complement the already established MetaTrader 4 which is best for forex trading.
In addition to providing some excellent trading opportunities on the world’s leading instruments as CFDs, the MetaTrader 5 can be used for analytic work, price signals, and more.
MetaTrader 5 Compatibility
Besides being powerful and easy to use, one of the reasons why the MetaTrader 5 is so popular in today’s industry is compatibility. You see, MetaTrader 5 brokers can offer the platform in several different versions.
The main platform is a desktop trading platform that you can download to computers running on Mac OS, Windows, and Linux which means most traders have access to it.
If you trade on a shared computer or use a Chromebook or Windows 10 S that doesn’t allow for third-party downloads, you can use the web platform instead. The MetaTrader 5 web trading platform is a little limited compared to the desktop version but still versatile enough to offer you every feature you would need.
As if that wasn’t enough, the MetaTrader 5 also comes in a mobile version. You can download the MT5 mobile platform to Android and iOS devices and trade CFDs on your smartphone, tablet, iPhone or iPad.
As you can see, the MT5 platform can be used by anyone regardless of which device you prefer to trade on.
MetaTrader 5 Brokers
If you’re interested in using the Metatrader 5 for your trading needs, you need to locate a
broker offering the MetaTrader 5. Unfortunately, the MT5 is not as popular as the MetaTrader 4 and the number of brokers offering it is smaller. However, there is still a good selection of MetaTrader 5 brokers that you can choose from and we have listed all of them below.
These Are The Top Three Best MetaTrader 5 Brokers
Below you’ll find the best three MetaTrader 5 brokers today and after that, we list the rest of the brokers offering MT5. Note that we would never recommend a broker that we didn’t feel comfortable using ourselves, meaning all of the brokers on this page are some of the best in the world.
Markets.com is the undisputed top MetaTrader 5 broker in the world, and we don’t think anyone would argue with that. The reason being that the MetaTrader 5 is the only platform that Markets.com offers but also because their product is superior to most other brokers. Let’s be honest, what could go wrong with one of the best trading platforms in the world, thousands of available assets, and an award-winning demo account!
Platform: MetaTrader 5
Demo Account: Yes
Read our Markets.com Review
XM is one of the most dedicated MetaTrader brokers in the world, meaning they offer both the MetaTrader 4 and the MetaTrader 5 and they do it well. In total, the broker provides access to 700+ assets, most of them are available on the MT5, and they have support for mobile trading, web trading, and every other feature you’ll need to perform at your best. Sign up with XM today or open a MetaTrader 5 demo account to test the platform out and evaluate whether the broker is the right fit for you or not.
Platform: MetaTrader 4 and MetaTrader 5
Demo Account: Yes
Read our XM Review
InstaForex is a Russian based CFD and forex broker and one of our latest favorite brokers. They offer a solid product with some of the best trading platforms as well as the most popular assets. We also really like how well-designed the website is and all of the details that have gone into developing the brand. If you want to use the MetaTrader 5, InstaForex is a great option that we suggest you check out.
Platform: MetaTrader 5 and MetaTrader 4
Assets: Hundreds of assets
Demo Account: Yes
Read our InstaForex Review
The Best MetaTrader 5 Brokers:
- Markets.com Review
- IFC Markets Review
- Exness Review
- XM Review
- FXTM Review
- InstaForex Review
- FxPro Review
Follow any of the links above to be directed to our unbiased and detailed broker reviews where you can learn more about their products and services. And if for any reason you don’t find a broker that you like in that list, we suggest you check out our list of MetaTrader 4 forex brokers. Alternatively, you can visit our guide of the best CFD brokers to see if any of the brokers that have developed their own platforms will suit you better.