Find the best MetaTrader 5 brokers for Forex and CFDs

Looking for the best MetaTrader 5 brokers to enhance your trading experience? MetaTrader 5 (MT5) is one of the most advanced trading platforms, offering powerful tools for forex, stocks, and CFD trading. In this guide, we’ll explore top-rated brokers that provide seamless access to MT5, highlighting their features, advantages, and why they’re ideal for traders of all levels.

BlackBull MetaTrader 5

BlackBull Markets is a New Zealand-based online trading broker, established in 2014, that has gained recognition for its excellent customer service and advanced trading solutions. It is regulated by the Financial Markets Authority (FMA) in New Zealand, ensuring a high level of transparency and security for traders. BlackBull Markets offers a range of trading options for both retail and institutional traders, with access to the popular MetaTrader 5 (MT5) platform.

• Regulation: Financial Markets Authority (FMA) – New Zealand
• Key features:

1. MetaTrader 5 platform: BlackBull Markets provides access to MetaTrader 5 (MT5), one of the most advanced and widely used trading platforms in the industry. MT5 offers enhanced charting tools, timeframes, and technical indicators compared to its predecessor, MT4, making it an ideal choice for traders looking for more flexibility and advanced features. With support for automated trading, backtesting, and real-time market analysis, MT5 ensures that traders can make well-informed decisions quickly and efficiently.
2. Wide range of instruments: BlackBull Markets gives traders access to a diverse selection of over 200 instruments, including Forex, commodities, indices, and cryptocurrencies. The combination of MT5’s advanced features and BlackBull’s wide range of trading instruments provides ample opportunities for traders to diversify their portfolios.
3. Competitive spreads & leverage: BlackBull Markets offers competitive spreads starting from 0.0 pips on its Raw spread accounts, with leverage of up to 1:500. This allows traders to maximize potential returns while managing risk effectively. The flexibility in account types also ensures that traders can choose the setup that best fits their individual trading style.
4. VPS hosting: For traders who use automated strategies, BlackBull Markets offers VPS hosting services. The VPS ensures low-latency execution, allowing traders to run automated trading bots on the MT5 platform 24/7 without interruptions, which is essential for those looking to optimize their trading strategies.
5. Educational resources: BlackBull Markets provides traders with educational resources to improve their trading skills. These include webinars, articles, and market analysis, which are valuable for both beginners and experienced traders. The availability of a demo account also allows traders to practice their strategies in a risk-free environment before trading with real capital.
6. Mobile trading: With BlackBull’s mobile app, traders can stay connected to the markets on the go. The MT5 mobile version is fully integrated, giving users access to real-time quotes, charting tools, and account management features from their mobile devices.
7. 24/5 customer support: BlackBull Markets offers responsive customer support, available 24/5 to assist traders with any inquiries or issues. The support is multilingual, providing assistance to a global client base.

• Ideal for: BlackBull Markets is ideal for traders seeking access to a robust, feature-rich trading platform like MetaTrader 5. Whether you’re a beginner looking to learn with a demo account, a trader seeking low spreads and high leverage, or an experienced investor utilizing automated trading strategies, BlackBull Markets combined with MT5 offers everything needed to succeed in the financial markets.

XTB MetaTrader 5

XTB is a globally recognized Forex and CFD broker, established in 2002 and regulated by top financial authorities such as the FCA, CySEC, and KNF. Known for its excellent customer support and advanced trading platforms, XTB provides access to a wide range of financial markets, including Forex, stocks, indices, commodities, and cryptocurrencies. Among its offerings is the cutting-edge MetaTrader 5 (MT5) platform, designed for traders seeking enhanced tools and features.

• Regulation: FCA, CySEC, KNF.
• Key features:

1. MetaTrader 5 (MT5) platform: XTB offers MT5, a next-generation trading platform known for its advanced features, including multi-asset support, customizable charts, and an extensive range of technical indicators. MT5 also supports automated trading through Expert Advisors (EAs), making it ideal for traders of all levels.
2. Multi-asset trading: With MT5, XTB traders can access a wide variety of markets, such as Forex, commodities, indices, stocks, and cryptocurrencies, offering extensive portfolio diversification opportunities.
3. Depth of market (DOM): MT5 on XTB includes the Depth of Market feature, providing traders with insights into market liquidity and enabling precise execution of trades.
4. Fast execution: XTB ensures rapid order execution with minimal slippage and no requotes, ensuring traders have the best possible conditions for their trades.
5. Educational resources: XTB offers extensive educational materials, including webinars, video tutorials, and eBooks, to help traders improve their knowledge and skills. Their platform also features in-depth market analysis and insights.
6. Risk management tools: The platform provides useful risk management features, such as stop-loss and take-profit orders, guaranteed stop orders, and negative balance protection, helping traders safeguard their positions.
7. Demo accounts: XTB offers free demo accounts with full access to all features of the trading platforms, allowing new traders to practice without risking real money.
8. Mobile trading: XTB’s mobile apps provide the flexibility to trade from anywhere, offering full platform functionality, real-time price alerts, and advanced charting tools on the go.
9. Account types: XTB offers competitive spreads and leverages, with account types suitable for different traders. Account options include Standard and Pro accounts, with leverage up to 1:500 depending on the region and account type.

• Ideal for: XTB is an excellent choice for traders who value the advanced capabilities of MetaTrader 5. From automated trading with EAs to in-depth analytics and multi-asset support, XTB’s MT5 offering provides the tools and flexibility needed for successful trading, regardless of experience level.

OANDA MetaTrader 5

Founded in 1996, OANDA is a reputable broker regulated by top-tier authorities, including the FCA, ASIC, and CFTC. Known for its transparency, competitive pricing, and innovative technology, OANDA provides access to Forex, commodities, indices, and cryptocurrencies. Its platform offerings, including MetaTrader 5 (MT5), make it an ideal choice for traders seeking reliability and advanced trading tools.

• Regulation: FCA, ASIC, CFTC, NFA, MAS, FSA.
• Key features:

1. Trading platform options: OANDA supports MetaTrader 5 and its proprietary platform, offering traders flexibility with robust charting tools, multiple order types, and seamless trade execution.
2. No minimum deposit: OANDA is accessible to traders of all levels, allowing them to start trading without a significant upfront investment.
3. Transparent pricing: Known for its competitive spreads and no-commission trading on some accounts, OANDA ensures cost-effective trading conditions.
4. API trading: OANDA provides advanced API solutions for developers and algorithmic traders to build and test custom trading strategies.
5. Flexible leverage: Leverage options tailored to regional regulations, suitable for both conservative and high-risk trading approaches.
6. Advanced analysis tools: Access market insights, economic calendars, and real-time analytics to make informed trading decisions.
7. Regulatory compliance: OANDA’s adherence to stringent global regulations ensures a secure and reliable trading environment.
8. Risk management features: Built-in tools like stop-loss, take-profit, and trailing stops help traders control risk effectively.
9. 24/5 customer support: Multilingual support via live chat, email, and phone ensures timely assistance for global traders.

• Ideal for: OANDA is a strong choice for traders who value transparency, flexible trading conditions, and cutting-edge technology. Whether you’re a beginner or an experienced trader, OANDA’s robust platform options and extensive support cater to diverse trading needs.

Exness MetaTrader 5

Exness, founded in 2008, is a global Forex and CFD broker, regulated by major financial authorities such as the FCA, CySEC, and the FSCA. Known for its competitive trading conditions, low spreads, and high leverage options, Exness offers access to a wide range of markets including Forex, commodities, indices, and cryptocurrencies.

• Regulation: FCA, CySEC, FSCA.
• Key features:

1. Trading platforms: Exness offers a choice of popular trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the most widely used platforms for Forex and CFD trading. These platforms provide a full suite of tools for technical analysis, automated trading through expert advisors (EAs), and customizable charting options.
2. Low spreads and high leverage: Exness is known for its tight spreads, starting from as low as 0.1 pips on major currency pairs. The broker also offers leverage of up to 1:2000, depending on the account type and region, providing ample opportunities for traders to maximize their positions.
3. Fast execution: Exness ensures rapid trade execution with minimal slippage and no requotes, offering optimal conditions for high-frequency traders and those relying on precise order placement.
4. Account types: Exness offers a variety of account types to suit different traders’ needs. These include Standard, Pro, and Zero accounts, each with unique features such as different spreads, leverage, and minimum deposit requirements. Accounts can be funded in multiple currencies and via various payment methods.
5. Educational resources: Exness provides an extensive range of educational tools, including webinars, eBooks, and video tutorials. These resources are designed to help traders develop their skills, whether they are beginners or seasoned professionals.
6. Risk management tools: Exness offers a range of risk management tools, including stop-loss and take-profit orders, negative balance protection, and a comprehensive margin call system, helping traders protect their capital and manage risk effectively.
7. Mobile trading: Exness’ mobile apps for both MT4 and MT5 allow traders to manage their accounts, monitor the markets, and place trades on the go. The apps offer full functionality, real-time price alerts, and advanced charting capabilities, making it convenient for traders to stay connected anywhere.
8. Demo accounts: Exness offers free demo accounts that provide full access to trading platforms, allowing new traders to practice strategies and gain experience without risking real funds.

• Ideal for: Exness is an excellent choice for both beginner and experienced traders. With its low spreads, high leverage, and robust platform options, it offers attractive trading conditions for those looking to trade Forex, commodities, indices, and cryptocurrencies. The extensive educational resources and user-friendly platforms make Exness an ideal option for traders of all levels seeking reliable service and competitive features. Advanced traders will particularly benefit from the flexibility and trading tools available on both MT4 and MT5 platforms.

NAGA Markets MetaTrader 5

NAGA is an innovative online trading broker and social trading platform, founded in 2015 and regulated by the Cyprus Securities and Exchange Commission (CySEC). Known for its strong focus on social trading, NAGA connects traders from around the world, enabling them to learn from each other, share strategies, and copy trades directly within the platform. With an intuitive user interface, access to a diverse range of trading instruments, and integration with MetaTrader 5 (MT5), NAGA provides a collaborative and feature-rich environment for both beginners and experienced traders.

• Regulation: Cyprus Securities and Exchange Commission (CySEC)
• Key features:

1. Social trading ecosystem: One of NAGA’s key differentiators is its advanced social trading network, where traders can copy the trades of top-performing users automatically. This feature is particularly valuable for beginners, as it allows them to learn from experienced traders, get real-time insights, and mirror successful strategies.
2. Support for MetaTrader 5 (MT5): NAGA offers full support for MetaTrader 5, the next-generation trading platform that includes enhanced charting tools, more timeframes, an expanded range of technical indicators, and the ability to run multiple automated trading strategies through Expert Advisors (EAs). MT5’s features make it a powerful platform for traders who need sophisticated analysis and trading automation.
3. Wide range of instruments: NAGA offers more than 1,000 instruments across various asset classes, including Forex, stocks, cryptocurrencies, commodities, indices, and ETFs. This diverse range allows traders to create balanced portfolios and explore various market opportunities.
4. Proprietary platform: In addition to MT5, NAGA provides its proprietary platform, which features integrated social feeds, one-click trade copying, real-time portfolio tracking, and a sleek interface. This platform enhances the social trading experience and offers easy access to the financial markets.
5. Cryptocurrency integration: NAGA includes a cryptocurrency wallet and exchange on its platform, enabling users to buy, store, and trade cryptocurrencies directly. This feature is especially beneficial for crypto traders who want a seamless experience in managing digital assets alongside traditional markets.
6. Competitive fees and spreads: NAGA offers competitive spreads starting from 0.8 pips for Forex, with transparent fee structures for both trading and copying trades. This ensures that traders can access favorable conditions while managing their costs.
7. Educational resources: NAGA provides a wide array of educational content, including webinars, tutorials, and trading tips to help traders improve their knowledge and skills. The platform also offers live market updates and analysis, ensuring users stay informed about important trends and events.
8. Gamification elements: NAGA incorporates gamification into its platform with features like leaderboards, where traders can track top performers, earn rewards, and enhance their reputation in the community. This adds an element of fun and competition, encouraging users to engage more with the platform.

• Ideal for: NAGA is ideal for traders who value social trading and the benefits of a community-driven platform. Whether you are a beginner seeking to copy trades and learn from others, or an experienced trader looking for advanced charting and automated trading capabilities through MT5, NAGA offers the tools and flexibility to meet your needs. The combination of a robust trading platform, social trading features, and cryptocurrency integration makes NAGA an appealing choice for a broad range of traders.

Related articles:

• Popular Forex trading terminals: MT4, MT5 and brokerage proprietary platforms

• Best Forex trading platforms: choose reliable FX and CFD broker

• How to start Forex trading: 10 steps to your first deal with a trusted broker