The Russian company MetaQuotes transformed the forex trading industry with its innovative MetaTrader platforms, pushing brokers beyond their traditional offerings. The introduction of MetaTrader 4 (MT4) revolutionized trading, providing traders with powerful tools for analysis, execution, and automation.
With the launch of MetaTrader 5 (MT5) in 2010, brokers gained the opportunity to expand their services, evolving into MT5 forex brokers. The MT5 trading platform offered enhanced features, giving both traders and brokers unprecedented control over trading activities.
To help traders select the right MT5 broker, our expert team has compiled a comprehensive list of the best MT5 forex

Best Forex Brokers 2025
Trade On Award Winning Platforms
Fxview is a financial brand owned by Finvasia Group, a leading cross-industry conglomerate established in 2009. Running a multitude of brands and products across financial services, healthcare, real estate, financial technology, and blockchain, Finvasia has a history of over 13 years in the business and financial services sector.
Global Broker Regulation Inquiry App!
WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
Forget Other Brokers
FreshForex is a brand with a 20-year history, providing access to online trading for clients from 158 countries worldwide.
The company’s services are intended for adult users. If the use of these services violates local laws, you must immediately leave the website. The company does not provide services in the following countries.
Trade. Chat. Invest with LiteFinance
The year 2024 marked a significant chapter in the history of LiteFinance. In January, the company repeatedly lowered commissions on ECN accounts and reduced markups on CLASSIC accounts for all trading instruments. Moreover, LiteFinance introduced technical solutions that helped narrow raw spreads on ECN accounts to their lowest possible levels.
Open an Account, Start Trading Forex, Indices, Commodities and Crypto
The launch of brokerage services in 2005 was a natural progression to satisfy the growing need for fair and transparent trading conditions combined with excellent customer support. With us you can be sure of constant support, excellent trading conditions and a trader-oriented approach.
Trade globally with AMarkets
Over the years of the Company’s existence, the letter A has acquired several different meanings, which now shape our mission and philosophy:
Trade With Ultra Fast Execution
Since 2001, ActivTrades has been a pioneer in online trading. Initially we gained expertise in making FX markets available to retail traders, over the years we have expanded to include commodities, shares, indices, crypto, ETFs and bonds.
An award-winning trading experience for CFD traders¹
The business was started in 1989 with a simple ethos: to make financial markets truly accessible for investors. This fundamental belief remains at the heart of everything we do at CMC Markets and staying true to that has been pivotal to our success.
InstaForex – the number one broker in Latin America
InstaForex was founded in 2007 by the InstaFintech group of companies. After the registration, the broker signed contracts with MetaQuotes Software, the leading provider of online trading software, and the largest news providers, like eSignal, Reuters, etc.
Learn of the newest possibilities
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
Explore our asset classes for Forex and CFD trading
Tickmill is part of a global group of companies (Tickmill Ltd, Tickmill UK Ltd, Tickmill Europe Ltd, Tickmill Asia Ltd, Tickmill South Africa (Pty) Ltd) each of which have won several prestigious awards for demonstrating excellence and leadership in key areas of the foreign exchange business, including but not limited to client service and support, trading conditions and technology.
Industry-Leading Trading Platform MT4
At IronFX, we proudly stand out in the forex industry, having earned over 150 global forex awards from prestigious international awarding bodies in the past decade. These awards reflect our dedication to excellence and continuous improvement in our services.
Thousands of opportunities to trade, tight spreads, transparent pricing, powerful platforms.
GO Markets began in Australia in 2006 as an online provider of CFD trading services. We give our clients’ trading journey highest priority, so we’re always evolving our technology, services and education.
IC Markets Global is a regulated Forex CFD Provider. IC Markets Global fills to the gap between retail and institutional traders, making the world more tradable for everyone.
Trading is a way of life at VT Markets. Like the asset type, our drive for making trading easy is a derivative — one that comes from a philosophy of leaving the world a better place than when we found it.
JustMarkets has reached the trust of over millions of clients from 160+ countries. Our company is one of the top popular world brokers. We value the trust of our clients and remain committed to providing reliable services and creating long-term relationships with our traders and partners.
Reliable broker with strong regulation, known for its advanced trading platform and educational resources, but criticized for higher-than-average spreads
Oanda Terms and Conditions outline the rules governing the use of their trading platform and services. Key points include account opening requirements, risk disclosures, trading restrictions, fees and charges, and dispute resolution procedures. Clients are advised to carefully review the full T&Cs before engaging with the platform to understand their rights and obligations.
Admirals Markets is a well-regulated broker offering competitive pricing, advanced trading platforms and reliable customer support
Admiral Markets Terms and Conditions outline the rules governing the use of their trading platform and services. Key points include account opening requirements, risk disclosures, trading restrictions, fees and charges, and dispute resolution procedures. Clients are advised to carefully review the full T&Cs before engaging with the platform to understand their rights and obligations.
HFM is a reliable broker with competitive spreads and fast execution, but some users report occasional platform issues and customer support delays
HFM Terms and Conditions outline the rules governing the use of their trading platform and services. Key points include account opening requirements, risk disclosures, trading restrictions, fees and charges, and dispute resolution procedures. Clients are advised to carefully review the full T&Cs before engaging with the platform to understand their rights and obligations.
A reliable broker with tight spreads, fast execution, and a user-friendly platform, though customer support can sometimes be slow
Blueberry Markets’ Terms and Conditions outline the rules governing the use of their trading platform and services. Key points include account opening requirements, risk disclosures, trading restrictions, fees and charges, and dispute resolution procedures. Clients are advised to carefully review the full T&Cs before engaging with the platform to understand their rights and obligations.
Popular choice for active traders seeking tight spreads and fast execution, but potential complexities in the fee structure
Exness Terms and Conditions outline the rules governing the use of their trading platform and services. Key points include account opening requirements, risk disclosures, trading restrictions, fees and charges, and dispute resolution procedures. Clients are advised to carefully review the full T&Cs before engaging with the platform to understand their rights and obligations.
FX Pro offers competitive spreads, fast execution & a user-friendly platform. However, some users have reported issues with customer support & platform stability
FXPRO Terms and Conditions outline the rules governing the use of their trading platform and services. Key points include account opening requirements, risk disclosures, trading restrictions, fees and charges, and dispute resolution procedures. Clients are advised to carefully review the full T&Cs before engaging with the platform to understand their rights and obligations.
MT5 Trading Platform?
MT5 is a recent addition to the forex trading platform from MetaQuotes. MT5 forex brokers usually use the MT5 platform to operate and provide service to their clients. It allows the brokers to offer commodities and equities to traders for their registered users. However, you might find similarities between the MT4 and MT5 brokers, but they are not identical. MT5 for the brokers is a writer in a different language than the MT4.
Who should use MT5 Forex Brokers?
Despite the trading experience, anyone can use MT5 as they are user-friendly. MT4, a multi-asset platform, is easily understandable by advanced traders. Besides, novice traders can also comprehend this platform with no complicated effort.
Furthermore, this greatly help the day traders who want a fast and secured server along with a customizable interface.
Access to the Trading Application Market
MetaTrader 5 (MT5) provides its users with a built-in marketplace where traders can buy and sell various trading tools and applications. To ensure user satisfaction, the platform offers a trial option before purchasing any tool or software.
Once purchased, MT5 tools and applications can be used instantly, and traders can access the marketplace anytime, from anywhere. The platform also supports secure and convenient payment methods, making it easy to acquire the tools needed for a better trading experience.
Mobile Trading
MT5 forex brokers prioritize effortless trading, providing a dedicated mobile app for Android, iOS, iPads, and tablets. This allows traders to execute trades with just a few taps on their screen, enabling flexibility and mobility in trading.
A single MT5 account can be used across all devices, eliminating the need for multiple accounts. Whether on a smartphone, tablet, or desktop, traders can seamlessly access their accounts and trade on the go.
Web Trading
Web trading applications enable traders to access the forex market directly from the MT5 forex broker’s website, without downloading any software. However, users also have the option to download the platform on their PC for a more enhanced trading experience.
Unlike traditional trading platforms, MT5 web trading works on both desktop and mobile devices without requiring additional installations. The only requirement for smooth operation is a stable internet connection.
Virtual Private Server (VPS)
VPS (Virtual Private Server) hosting enhances trading capabilities by ensuring uninterrupted trading operations with a high-speed remote server. VPS virtualizes the MT5 platform, allowing it to run independently from a remote location for a seamless and stable trading experience. Best of all, VPS comes integrated with MT5 and is completely free.
Pros & Cons of MT5
✅ Pros:
- User-friendly interface with easy navigation.
- Access to multiple assets and trading instruments.
- Advanced analytical tools for effective trading decisions.
- Supports 21 different timeframes and 8 pending order types.
- Real-time news updates to enhance market decision-making.
❌ Cons:
- Some brokers may not offer hedging for forex trading.
- Not all MT5 brokers are beginner-friendly, so traders must carefully select a broker that suits their experience level.
Overall, MT5 remains one of the most powerful and versatile forex trading platforms, offering a wide range of features to enhance trading efficiency. However, choosing the right broker is crucial for optimizing the benefits of MT5.