MetaTrader 5 Brokers

MetaTrader 5 (MT5) is the latest trading platform from software developers MetaQuotes. We list the best MT5 brokers, explore the range of indicators and guide you through mobile app downloads. We also compare MetaTrader 5 vs its predecessor MetaTrader 4 (MT4). Find out how to get started trading forex, stocks and futures online with the MT5 platform.

MetaTrader 5 Brokers

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    AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.

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    Eightcap is an award-winning, FCA-regulated broker offering industry-low trading fees. They are also the highest-rated brand by TradingView’s 50 million-strong users, who can trade directly on the platform. UK traders can sign up for a live account with an accessible £100 minimum deposit.

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    Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for traders at all levels.

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    IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.

  5. XM

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    XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.

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    DNA Markets is a forex and CFD broker established in 2020. The broker operates two entities in Australia and the offshore jurisdiction, St Vincent and the Grenadines. Traders can access 250+ markets, with a Standard account for beginners and a Raw account for experienced traders. The reliable MetaTrader 4 and MetaTrader 5 platforms are available, alongside Signal Start.

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    Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.

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    RoboForex is an online broker, established in 2009 and registered with the IFSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system.

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    InstaForex is a forex and CFD broker founded in 2010. The broker offers diverse market coverage to millions of clients, spanning traditional assets like currencies and shares, as well as other interesting opportunities such as IPOs.

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    BlackBull is a New Zealand-based CFD broker with trading opportunities on forex, stocks, indices, commodities and cryptos. The broker supports the MetaTrader 4 and 5 platforms as well as TradingView, cTrader and a proprietary mobile app. Clients can trade with high leverage and tight spreads from 0 pips on the broker's ECN accounts.

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    Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.

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    Founded in 2006, FxPro is an established forex, CFD and spread betting broker offering 2100+ assets to over 2 million clients worldwide. The broker is regulated in 4 jurisdictions and offers reliable 24/5 customer support, earning it a high trust and safety score. FxPro has also picked up more than 100 industry accolades for its competitive trading conditions, including fast execution and deep liquidity.

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    Fusion Markets is an online broker established in 2017 and regulated by the ASIC, VFSC and FSA. It is best known for its low-cost forex and CFD trading, although its multiple account types and copy trading solutions cater to a range of traders. New clients can sign up and start trading in 3 easy steps.

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    Founded in 2001, easyMarkets is a multi-regulated forex broker offering leveraged trading opportunities on forex, stocks, indices, commodities and crypto. With fixed spreads, an affordable initial deposit, regulation from several reputable bodies and a diverse selection of account currencies, this broker provides simple and straightforward trading solutions to a diverse range of traders.

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    Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.

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    GO Markets is an established forex and CFD broker with multiple industry awards and accolades. The ECN/STP broker is popular with budding traders, offering competitive accounts in multiple base currencies and a range of flexible payment methods. With top-tier regulation from CySEC and ASIC, GO Markets is a trusted broker.

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    Founded in 2008, NordFX is an offshore CFD broker offering forex, stock, commodities, indices and crypto trading to over 1.7 million clients in 190 countries. Traders access markets through the MT4 and MT5 platforms and benefit from low commissions, spreads from zero and decent extra features. Minimum deposits start from just $10 and very high leverage is available up to 1:1000.

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    Markets.com is a respected broker, offering multi-asset trading opportunities through CFDs or spread betting (UK only). Established in 2008, the brand has an impressive 4.3 million registered customers and is overseen by trusted regulators, including the FCA, ASIC and CySEC. 79.1% of retail accounts lose money.

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    Founded in 2015, VT Markets maintains its position as a top Australian multi-asset CFD broker. With 1000+ tradeable instruments and support for the MetaTrader 4 and MetaTrader 5 platforms, this broker delivers a wide range of trading opportunities to over 200,000 clients worldwide. VT Markets is regulated by the ASIC, FSCA, and SVGFSA.

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    Tradeview is an offshore forex and CFD broker based in the Cayman Islands and regulated by CIMA. Traders can access over 5000 instruments with a minimum deposit of $100. There are several third-party platforms on offer, including MetaTrader 4 (MT4) and cTrader.

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    FXDD is an established forex and CFD broker founded in 2002. Regulated in Malta, Mauritius, Peru and Malaysia, the broker provides secure trading platforms, competitive ECN spreads and reliable 24/7 customer support. Competitive pricing and ultra-low latency is also offered via the broker's Direct Market Access execution model and tier 1 aggregated liquidity.

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    Founded in 2010, ThinkMarkets is a reputable CFD and forex broker with regulation from several top-tier bodies including the FCA and ASIC. The broker provides services to over 450,000 accounts from 11 global offices. Traders can use a bespoke platform, MT4 or MT5 to access a wide variety of assets including 3500+ stocks and ETFs, 46 forex pairs and over 20 cryptocurrencies.

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    M4Markets is an award-winning broker regulated by the CySEC, FSA and DFSA. Although relatively new, the broker continues to improve its offering with a range of innovative tools, platforms and accounts. Beginners can start with just $5, whilst experienced investors can access leverage up to 1:5000.

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    Trade.com is a trustworthy online broker with a global presence. The broker offers 2,100+ CFDs in major markets, as well as futures, options and more. The broker offers best-in-class platforms and superior analysis tools for experienced traders. The broker is also regulated by top-tier authorities including the FCA and CySEC.

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    Grand Capital is a MetaTrader broker with welcome bonuses, trading competitions and an intuitive copy trading service. Several account types and 400+ assets provide trading opportunities for various types of investors and strategies. New users can also open an account and start trading in a matter of minutes.

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    Ingot Brokers is a multi-regulated brokerage established in 2006. The broker offers CFD trading opportunities on 1000+ instruments including forex, stocks, indices, commodities and cryptocurrencies. The broker supports the MetaTrader 4 and MetaTrader 5 platforms and offers both raw spreads and commission-free account options.

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    Scope Markets offers trading and investing in multiple spot and CFD instruments. The group of brokers is regulated in several locations, including Belize, Kenya and South Africa. Users get competitive trading conditions, a range of payment methods, strong support and can get started in a few straightforward steps.

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    FinPros is an offshore broker that provides CFD trading on 400+ instruments with high leverage up to 1:500. This is a reliable bet for traders seeking offshore options, with strong security measures, negative balance protection and segregated client funds. The extra features including trading tools and commission-free stocks make this a good choice for beginners, and experienced traders will appreciate tight spreads.

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    4xCube is an online forex and CFD broker registered and licensed in the Cook Islands. Clients can trade on popular financial markets and choose between three accounts based on their capital and trading strategy.

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    FXTM is a top-rated forex and CFD broker established in 2011 and operating across 4 continents. The company is secure and regulated by leading authorities, including the FCA and CySEC. Offering 1000+ trading markets and three account types, they cater to all levels of trader.

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    ForexChief is a foreign exchange and CFD broker, established in 2014. The company is based offshore and registered with the VFSC and FMA. Users can choose between a wide selection of accounts and base currencies, making ForexChief accessible to global traders. The brand also stands out for its no deposit bonus and fee rebates for high-volume traders.

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    Kwakol Markets is a Nigerian headquartered broker with strong regulatory oversight in Australia and Canada. A great selection of trading assets are available, including synthetic products that simulate realistic market activity. Clients can trade on the MT4, MT5 and cTrader platforms, as well as a copy trading solution whereby a fee is only paid on profitable trades.

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    Axofa is a forex and CFD broker registered in St Vincent and the Grenadines. The broker offers three account types with access to forex, commodities and indices. With ECN processing, low minimum deposits and no commissions, Axofa remains an attractive option, although the broker does not hold a reputable license.

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    MultiBank FX is an established broker offering forex and CFD products since 2005. With 20,000+ instruments, plenty of local payment methods and 24/7 multilingual customer support, the broker is a popular choice among traders globally. New clients can also access a variety of bonus offers and access the hugely popular MT4 and MT5 trading platforms.

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    Pacific Union Prime is an FSCA and offshore-regulated multi-asset broker offering competitive fees and direct market access on forex, commodities, stocks, bonds and indices. The broker supports the popular MetaTrader 4 and MetaTrader 5 platforms and a proprietary mobile app. Fees vary by account type with no commission and spreads from 1.9 pips on the Standard account and $7 commission per lot and spreads from 0.4 pips on the Prime account.

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    Errante is a Cyprus-based and regulated forex and CFD broker with leveraged trading on multiple assets, tiered accounts including a zero-spread option, and copy trading support. The broker offers leveraged trading up to 1:30 under its CySEC-regulated branch and 1:500 from an offshore branch, and supports the MetaTrader 4 and MetaTrader 5 platforms. Errante's asset list is relatively limited but it does offer fast execution and low latency, and it is a trustworthy brand.

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    ActivTrades is a UK-headquartered CFD and forex broker established in 2001. The brokerage is heavily regulated with licenses from the FCA, SCB, CSSF, BACEN & CVM and CMVM. Over 1000 CFDs are available spanning 7 asset classes. Over 93.60% of orders are executed at the requested price. ActivTraders also offers a selection of leading trading platforms, including MT4, MT5, TradingView and ActivTrader platforms.

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    Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.

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    FXPrimus is an award-winning CySEC-regulated brokerage offering CFD trading on 200+ instruments via the MetaTrader 4, MetaTrader 5 and cTrader platforms. The choice between a competitive commission-free account and two affordable raw spread options make this an accessible broker for anyone seeking forex, stocks, indices and commodities with high leverage.

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    Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist.

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    Anzo Capital is an offshore broker that offers leveraged CFDs on 100+ instruments including forex, stocks, indices and metals. The MetaTrader 4 and MetaTrader 5 platforms are supported, and traders can choose between an STP account with spreads starting from 1.4 pips and zero commission, or an ECN account with a $4 round-turn commission and spreads from zero. A decent range of payment methods are accepted, including crypto deposits.

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    HYCM is an online broker with authorization from four international bodies including the FCA and CySEC. The broker offers short-term CFD trading on forex, shares, commodities, indices, ETFs and Bitcoin, and supports the MT4 and MT5 platforms, as well as Trading Central analysis.

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    Hantec Markets was established in Hong Kong in 1990. Initially, the company concentrated solely on the Chinese and Taiwanese markets. In 2008, the broker rebranded and expanded its presence in the UK, Australia, Japan, and various other countries, before enhancing its footprint in Latin America in 2022. Hantec now stands as a multinational brokerage with 18 offices across Europe and Asia.

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    FXOpen is a multi-asset broker with regulation from several trustworthy bodies including the UK's FCA. The broker offers CFD trading on forex, stocks, commodities, indices, cryptocurrencies and ETFs via the MetaTrader 4 & 5 and TradingView platforms.

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    Libertex is a well-known broker, established in 2012. The regulated brand has served numerous clients and is regulated by the Cyprus Securities and Exchange Commission with license number 164/12. Libertex offers CFD trading on 250+ underlying assets, including through an innovative and user-friendly proprietary web trader platform. Choose between CFDs on forex, cryptocurrencies, commodities, stocks, indices and ETFs, which are available with tight spreads and low commissions.

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    Admirals is an FCA- and ASIC-regulated broker with an excellent range of leveraged instruments, including forex, stocks, indices, ETFs, commodities, cryptos and more. The broker supports the MetaTrader 4, MetaTrader 5 and TradingCentral platforms. With both spread betting and CFDs available and thousands of instruments, this broker provides more flexibility than most rivals.

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    TMGM is an ASIC-regulated forex and CFD broker with a vast range of tradeable assets covering forex, stock, index, crypto and commodity markets. The account types on offer provide a flexible choice between no commission or zero spreads, with competitive pricing all-round.

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    Infinox is a UK-based and FCA-regulated broker that offers diverse trading products thanks to its STP and ECN account types and support for MetaTrader 4, MetaTrader 5 and a proprietary platform. Clients can also benefit from a free VPS that can support automated strategies and a social trading platform, catering to both beginner and seasoned traders.

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    Baxia Markets is an offshore CFD broker that offers trading on forex, commodities and indices with tight spreads on a straight-through processing model with ultra-low latency. Trade on MetaTrader 4 or MetaTrader 5 with leverage up to 1:500 and no restrictions to scalping or hedging strategies. Users also benefit from third-party copy trading services.

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    OspreyFX is an ECN broker headquartered in St. Vincent and the Grenadines. Established in 2019, the firm offers 120+ forex and CFD assets with high leverage up to 1:500, tight spreads from 0.1 pips and round-the-clock customer support. OspreyFX also stands out for its funded trading accounts where traders can keep up to 70% of profits.

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    RoboMarkets is a Cyprus-based forex, CFD and stock broker aimed at traders from Europe. The broker offers thousands of instruments across six asset classes and provides access to four leading platforms, including MetaTrader 4. With ECN pricing, Cent accounts and algorithmic trading tools, RoboMarkets caters to a range of trading strategies and investing styles.

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    Coinexx is an unregulated broker that provides leverage up to 1:500 on forex, commodities, indices and cryptocurrencies with deep liquidity, pure ECN spreads and negative balance protection. The broker uses crypto as base currencies and has low minimum deposit requirements of 0.001 BTC.

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    Amega is an offshore STP broker offering CFD trading on forex, stocks, indices and commodities with very high leverage up to 1:1000 and a zero-commission pricing structure. Traders access markets through the MT5 platform and can test the broker's services through a demo account.

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    Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.

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    World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.

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    FXCentrum is an offshore broker that offers highly leveraged, commission-free trading on diverse instruments with tight spreads. Traders can access forex, equity and commodities markets via MetaTrader 5 or the proprietary FXC platform and use the award-winning ZuluTrade platform for copy trading.

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    Vault Markets is an award-winning brokerage headquartered in Namibia. It is an accessible direct-market-access CFD broker with affordable minimum deposits, flexible funding methods and high leverage. This broker offers a very large range of forex pairs as well as commodities and indices through MetaTrader 4 or MetaTrader 5.

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    Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.

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    LegacyFX is a multi-asset broker offering an MT5 download & free signals.

The best UK trading brokers offer MetaTrader 5. With that said, minimum deposits, leverage options, commissions and swap fees vary between providers as these are not dictated by MT5. You can open both demo and real live accounts upon registration with your chosen brokerage. Once you’ve received your login credentials, you can start investing in the financial markets.

As a guide, see a list of the best MT5 brokers.

What Is MetaTrader 5?

MT5 is the latest version of the popular MetaTrader 4 system. Both were created by software developers MetaQuotes and share the logo of three traders exchanging game cards.

MetaQuotes history began in 2002 with the first ever MetaTrader platform. But the developer’s popularity soared with the release of MT4, which proved a winner with retail forex traders. In 2010, MetaTrader 5 was released with slow uptake initially as investors were resistant to change. However since the news that MetaQuotes stopped selling licences to MT4, the platform’s popularity, which is aimed at experienced traders, is on the up.

MetaTrader 5 - how to get started

MetaTrader 5 desktop & mobile trading

MetaTrader 5 offers investing in forex, CFDs, stock and shares, indices and commodities. To access the platform, you’ll need to sign up with a broker. The MT5 software is licensed to forex brokers for a fee and then provided free of charge to traders. Both demo accounts and live accounts are available through most brokers.

Getting Started On MetaTrader 5

Download the free exe. file using the link on the broker’s website or directly from MetaQuotes. Alternatively, access via your browser using the MT5 webtrader terminal – perfect for Chromebook users.

System Requirements

MetaTrader 5 is available on Mac, PC and Linux. However, Mac users will need to download additional software such as Wine or Parallel to enable certain functionality. MT5 is increasingly difficult to pair with Macbook Pro computers due to the iOS Catalina update. Investors using Windows 7 and 8 can use MT5, though Windows 10 is preferred. The minimum processing speed is now 64 bit. 32 bit is no longer supported along with Windows XP and Vista.

MetaTrader 5 online tradingMetaTrader 5 online trading

Taking Positions

To make a trade on Mac or Windows, click the ‘New Order’ symbol. Fill in the details, including the lot size, (known as volume). One lot is equal to 100,000 of the base currency, so £1,000 is 0.01 lots. Add a stop loss and take profit figure and any comments for your downloadable trading journal. Review your trade and then click buy or sell. You’ll receive confirmation the trade has been placed.

MetaTrader 5 order types

MetaTrader 5 order types

MT5 Mobile

The MetaTrader 5 mobile app is available for download on both iPhone and Android (APK). Users can access respective applications via the App Store or Google Play. The MT5 mobile app is suitable for beginners. However newbies will want to spend time reading tutorials before they register for a live account and deposit for real. The mobile solution offers dozens of indicators, a range of charts, push notifications, as well as automated copy trading.

MetaTrader 5 mobile

MetaTrader 5 mobile

MetaTrader 5 Vs MetaTrader 4

So, which is better? MetaTrader 4 is one of the most popular platforms for forex trading. Some brokers, for example IG and OANDA, only offer MT4. But what is the difference?

Interface

MT5 has a very similar dashboard to MetaTrader 4. Users of one should be able to transfer quite easily to the other. MT5 offers 21 default time frames vs the 9 available on MT4. If you’re operating on a day trading strategy, these offer increased potential for analysis. Increased customisation means you can turn your graphs to ‘dark mode’ on MT5 (just like on cTrader), a nifty function not available on its predecessor. Keyboard shortcuts (AKA hotkeys) remain the same across both versions.

MetaTrader 5 charts

MetaTrader 5 charts

Customised chart parameters can be added using templates. These can be found in \MQL5\Profiles\Templates. You can use templates to modify chart types and colours, add EAs, other technical indicators, graphical objects or day separators. For copy trading signals, go to Help and click Signals. You’ll find a selection to choose from with a view on reliability and growth.

Orders

There are six pending orders on MetaTrader 5 vs the four on MT4. These include the buy stop limit and sell stop limit which were not available on the previous version. This is good news for savvy traders looking to implement effective risk management tools and alerts.

MT5 risk stops

MT5 risk stops

Technical Analysis

MetaTrader 5 offers 38 built-in indicators, beating MT4 which only provides 30. These include:

  • Alligator
  • Bollinger Bands
  • Bears Power/Bulls Power
  • Moving Averages
MetaTrader 5 technical indicators

MetaTrader 5 technical indicators

Custom indicators and data points, such as Volume Profile, Time Zones or MACD 2 Lines, can be added using Java, Python and MLQ5 gateway APIs. Popular custom indicators include:

  • B-clock
  • ZigZag
  • Renko
  • Pivot Points
  • Exponential Moving Averages (EMA)

Functionality

Speed of execution is a high priority on MT5. Investors can enable One-Click Trading and positions can be modified, including adding a trailing stop, after they’ve been placed. Users can even deposit using a QR code.

MetaTrader 5 one-click trading

MetaTrader 5 one-click trading

Withdrawal of funds is simple on both platforms. Just go to ‘Options’ > ‘My Account’ and then select the withdrawal method. Level 2 Pricing (market depth) is available on MT5 with certain brokers. Not previously available on MT4, this feature allows you to assess liquidity and arguably better predict short-term price movements.

Financial Instruments

MetaTrader 5 expands the instruments available beyond currency pairs. You can now trade CFDs, futures and binary options on the following:

  • Stocks and shares
  • Commodities including gold and silver
  • Cryptocurrency, including Bitcoin and Ripple
  • Indices such as the Dax 30, Dow Jones, NSE, NASDAQ and S&P 500

Note, real stock trading is unavailable on MT5 vs brokers that offer their own platforms such as Trading 212.

Automated Trading

Expert Advisors (EA) are available on both platforms using the MT5 Codebase. Ensure your automated trading robots have gone through backtesting before you change from a demo account to real money investing. There is no history centre on MT5, so instead of using historical data to backtest, download the strategy tester.

MetaTrader 5 automated trading

MetaTrader 5 automated trading

PDF tutorials and videos for building your own EA are available through the MT5 forum or through broker education centres. API Python integration is also available.

Cost

Both MetaTrader 5 and 4 are free of charge when you sign up to a broker. Therefore price gives it the edge vs competitors, such as NinjaTrader 8, which can cost thousands of pounds depending on your asset selection. MT5 remains one of the best free trading platforms on the market.

Customer Support

The MetaTrader 5 community is vast and there are hundreds of forums filled with support and handy guides. User manual PDFs are easy to come by, with everything from charts and graphs, to Java and MQL5 explained. They can also advise how to change the platform time zone.

Help for technical queries such as MT5 not working, updating, or connecting to the server, including forgotten passwords is available through the Contact Us page. From here you’ll get assistance from an MT5 trade manager. However, most of these issues can be resolved with a simple restart or software update.

For more advanced issues, such as the commonly identified ‘off quotes’ error message (which essentially means the market is closed) or unsupported filling mode error (where your broker does not support that instrument), the forum is the best place to start. Other common errors include users who can’t place orders, have no connection or if the programme keeps closing. All of these are answered by the MQL5 community.

MetaTrader 5 customer support

MetaTrader 5 customer support

Final Word On MetaTrader 5

MetaTrader 5 is a new and improved platform vs the earlier MetaTrader 4. Forex traders have proved slow to adapt to the recent release and so MT4 remains popular in the community. However, increased indicators, tradable instruments, functionality such as ‘dark mode’ and more pending orders means that MT5 is widely regarded as superior. MetaQuotes could have done more to update the interface (which remains reminiscent of Windows 95) and is lacking compared to competitors such as cTrader and NinjaTrader. But overall, MT5 pips them to the post.

FAQ

What Is The Best MT5 Broker in the UK?

We have reviewed and put together a top list of MetaTrader 5 Brokers in the UK. We compare all MT5 brokers on instruments, fees, and additional factors that are important to traders.

Can I Trade Shares On MetaTrader 5?

No, MetaTrader 5 offers forex trading, CFD trading and options trading. Investors can trade options on stocks and shares but will not own the underlying asset. The range of instruments also varies between UK mt5  brokers.

Is MetaTrader 5 Better Than MetaTrader 4

MT5 is the most recent release from MetaQuotes, an update on the previous MetaTrader 4. Whilst the platform has increased functionality with more indicators, pending orders and tradable instruments, many forex traders still prefer MT4.

Is MetaTrader 5 Suitable For Mac Users?

Yes, Mac users can trade with MetaTrader 5. However, MT5 was designed for Windows computers and with the iOS Catalina update, it is increasingly difficult for Mac users to operate. To access some functionality, Apple traders will need to download additional software such as Wine or Parallel.

Is MetaTrader 5 Free?

MT5 is free to download. You’ll need to sign up to a broker to trade with real money. Brokers, such as XM, XTB, and Admiral Markets usually require a minimum deposit which varies between firms. Demo accounts are available for those that would prefer to practice before they invest.

Is MetaTrader 5 Suitable For Beginners?

Beginners should practice using a demo account before they invest real capital. Preliminary accounts are available through your broker. However, the platform is suitable for beginners. Tutorials and PDF guides are available on the MQL5 community forum for beginners before they get started on desktop and mobile trading (iPhone and Android).