Market Summary & Key Takeaways
MetaTrader 5 is MetaQuotes' current platform: 21 timeframes, a multi-threaded strategy tester, an economic calendar, Depth of Market, MQL5 and a choice of netting or hedging position accounting. Those features are identical at every broker, so the differences that matter are the MT5 account types on offer, how each is priced, which asset classes are available on the MT5 server and what else you can trade on. The five brokers below all list MT5 in Brokeradar's dataset; the table separates their raw-type and standard MT5 accounts.
Key Takeaways at a Glance:
- ✓MT5's own features (multi-threaded tester, hedging/netting, DOM, MQL5) are the same everywhere; compare account types, pricing and asset scope instead.
- ✓Raw-type MT5 accounts cost $6–$7 per round lot before spread at the dataset figures; standard MT5 accounts bundle $2–$10 per lot into the spread.
- ✓If you also want cTrader or TradingView, FP Markets and Blueberry Markets offer them alongside MT5; Fintrix Markets is MT5-only.
How we picked MT5 brokers
- 1MT5 must be a first-class platform, not an afterthought: every listed broker offers MT5 on its main account types. Fintrix Markets is MT5-only; the other four also run MT4.
- 2A commission-based raw-type MT5 account with a published round-turn commission ($6 at FP Markets, $7 at Exness, XM, Blueberry Markets and Fintrix Markets) plus a commission-free standard MT5 account.
- 3Multi-asset scope on MT5 as recorded in our dataset: forex, gold and indices at all five; stock CFDs at all five; crypto CFDs at Exness, FP Markets, Blueberry Markets and Fintrix Markets.
- 4Entry deposit of $100 or less on the standard MT5 account: $10 (Exness), $100 (FP Markets), $5 (XM), $100 (Blueberry Markets), $0 (Fintrix Markets).
- 5Brokeradar editorial score as the tie-breaker. Backtesting speed and EA behaviour are properties of MT5 itself and were not scored per broker.
Figures on this page reflect Brokeradar's dataset and the broker documents cited below, last checked 2026-09-03. Conditions differ by legal entity and country.
Top MT5 Broker Rankings
- Minimum deposit
- $10
- Maximum leverage
- Up to Unlimited
- Platforms
- MT4, MT5, Exness Terminal
- Minimum deposit
- $100
- Maximum leverage
- Up to 1:500
- Platforms
- MT4, MT5, cTrader, TradingView
- Minimum deposit
- $5
- Maximum leverage
- Up to 1:1000
- Platforms
- MT4, MT5, XM App
- Minimum deposit
- $100
- Maximum leverage
- Up to 1:500
- Platforms
- MT4, MT5, TradingView
- Minimum deposit
- $0
- Maximum leverage
- Up to 1:1000
- Platforms
- MT5
| Broker Name | Best for | Rating | Min Deposit | Max Leverage | Key Platforms | Action |
|---|---|---|---|---|---|---|
| #1ExnessReview | Widest MT5 account range (4 types) | ★ 4.8 Brokeradar editorial score | $10 | Up to Unlimited | MT4, MT5, Exness Terminal | Visit Site |
| #2FP MarketsReviewCompare vs Exness | MT5 plus cTrader & TradingView | ★ 4.8 Brokeradar editorial score | $100 | Up to 1:500 | MT4, MT5, cTrader, TradingView | Visit Site |
| #3XMReviewCompare vs Exness | MT5 micro lots from $5 | ★ 4.6 Brokeradar editorial score | $5 | Up to 1:1000 | MT4, MT5, XM App | Visit Site |
| #4Blueberry MarketsReviewCompare vs Exness | ASIC entity, MT5 + TradingView | ★ 4.7 Brokeradar editorial score | $100 | Up to 1:500 | MT4, MT5, TradingView | Visit Site |
| #5Fintrix MarketsReviewCompare vs Exness | MT5-only broker from $0 | ★ 4.4 Brokeradar editorial score | $0 | Up to 1:1000 | MT5 | Visit Site |
MT5 account types and pricing recorded in our dataset (EUR/USD, one standard lot)
| Broker | MT5 account types (dataset) | Raw-type MT5 account | Standard MT5 account | Other platforms | Assets on MT5 (dataset) |
|---|---|---|---|---|---|
| Exness | Standard, Pro, Raw Spread, Zero | Raw Spread: 0 pips + $7 round turn ($200 min) | Standard: 0.2 pips, $0 commission ($10 min) | MT4, Exness Terminal | Forex, gold, indices, crypto CFDs, stocks |
| FP Markets | Standard, Raw | Raw: from 0.0 pips + $6 round turn ($100 min) | Standard: from 1.0 pips, $0 commission ($100 min) | MT4, cTrader, TradingView, IRESS (DMA shares) | Forex, gold, indices, crypto CFDs, stocks |
| XM | Micro, Standard, XM Ultra Low, Shares | Raw-type: 0 pips + $7 round turn ($5 min) | Standard: 0.6 pips, $0 commission ($5 min) | MT4, XM App | Forex, gold, indices, stocks |
| Blueberry Markets | Standard, Direct | Direct: from 0.0 pips + $7 round turn ($100 min) | Standard: from 1.0 pips, $0 commission ($100 min) | MT4, TradingView | Forex, gold, indices, crypto CFDs, stocks |
| Fintrix Markets | Cent, Standard, Zero | Zero: from 0.0 pips + $7 round turn ($200 min) | Standard: from 1.0 pips, $0 commission ($0 min) | None (MT5 only) | Forex, gold, indices, crypto CFDs, stocks |
"From" spreads are broker-published floors, not averages. Account names follow each broker's own naming; "raw-type" is our label for the commission-based account. Asset availability on the MT5 server can differ by legal entity.
Top Recommended Brokers Analyzed
Exness Review Summary
Widest MT5 account range (4 types)Industry-leading multi-regulated broker offering tight spreads, instant withdrawals, and flexible leverage configurations. It supports MT4, MT5, Exness Terminal. The licenses listed in our dataset are FSA Seychelles, CySEC, FCA, FSCA, CBCS Curaçao, FSC BVI, CMA Kenya, FSC Belize, FSC Mauritius, JSC Jordan; protections and trading conditions vary by the legal entity serving your country.
- Instant withdrawals
- Unlimited leverage option
- No cTrader support
- Varying minimum deposits by payment method
FP Markets Review Summary
MT5 plus cTrader & TradingViewGlobally recognized broker offering raw pricing, high-speed execution, and top-tier ASIC/CySEC regulation. It supports MT4, MT5, cTrader, TradingView. The licenses listed in our dataset are ASIC, CySEC, FSCA, CMA Kenya, FSA Seychelles; protections and trading conditions vary by the legal entity serving your country.
- Spreads from 0.0 pips
- ASIC & CySEC regulated
- Higher minimum deposit for premium accounts
- No inactivity fees
XM Review Summary
MT5 micro lots from $5Highly accessible broker with very low minimum deposit and flexible leverage configurations. It supports MT4, MT5, XM App. The licenses listed in our dataset are CySEC, FSC Belize, ASIC, DFSA UAE, FSCA South Africa, FSA Seychelles, FSC Mauritius, CMA Kenya; protections and trading conditions vary by the legal entity serving your country.
- Super low $5 minimum deposit
- Excellent educational webinars
- Doesn't offer cTrader or TradingView
- Crypto CFDs availability is limited in EU
Blueberry Markets Review Summary
ASIC entity, MT5 + TradingViewHighly trusted Australian broker offering fast execution, deep liquidity, and excellent 24/7 customer support. It supports MT4, MT5, TradingView. The licenses listed in our dataset are ASIC, VFSC, FSC Mauritius; protections and trading conditions vary by the legal entity serving your country.
- ASIC tier-1 regulated broker
- Spreads from 0.0 pips on Direct accounts
- Inactivity fee of $20/month if volume < 15 lots
- Restricted in USA, Japan, Turkey, and EU nations
Fintrix Markets Review Summary
MT5-only broker from $0Next-generation multi-regulated broker offering sub-20ms execution speeds and institutional infrastructure. It supports MT5. The licenses listed in our dataset are FSC Mauritius; protections and trading conditions vary by the legal entity serving your country.
- Ultra-low latency execution (sub-20ms)
- Maximum leverage up to 1:1000
- Offshore regulation (FSC Mauritius)
- Restricted in USA, Turkey, and Iran
What differs between MT5 brokers (and what does not)
The platform binary is licensed from MetaQuotes, so the charting package, 21 timeframes, the MQL5 language, the strategy tester and the economic calendar are identical across brokers. What a broker controls is the server configuration: which symbols are listed, whether accounts are set to hedging or netting, contract specifications, the swap schedule, minimum and maximum lot sizes, and the pricing of each account type.
For this list we treated pricing and account structure as the primary variables and asset scope as the secondary one. We did not score EA performance or backtest speed per broker, because those depend on your own hardware and on MT5 itself, not on the broker. Tick-data quality does vary by server, but we have not measured it and do not claim a ranking on that basis.
Position accounting is worth checking before opening an account: most retail forex servers run MT5 in hedging mode, which allows opposite positions on the same symbol, but stock-focused servers may use netting. Ask the broker which mode applies to the account type you want.
Why Switch to MetaTrader 5 (MT5)?
While MetaTrader 4 remains popular, MetaQuotes has focused its development on MT5. The newer platform ships more built-in indicators and timeframes, a larger MQL5 code base and marketplace, and a strategy tester that can run multi-currency, multi-core backtests.
Algorithmic traders benefit from MT5's capability to test expert advisors across multiple symbols and CPU cores simultaneously, which drastically reduces backtesting time. Note that MQL4 code is not compatible with MT5, so existing MT4 indicators and EAs must be ported or replaced.
Pick a broker whose MT5 server lists the instruments you actually trade and whose account pricing suits your frequency: raw-type accounts for active or automated strategies, standard accounts for occasional trading. Confirm hedging versus netting mode and test execution on a demo before funding.
Frequently Asked Questions
Can I use MT4 indicators on MT5?
▼
No. MT4 indicators use MQL4 while MT5 uses MQL5, and the code is not directly compatible. You need the MQL5 version of a custom indicator or expert advisor, or a port of it.
Does MT5 support hedging?
▼
Yes. MT5 supports both netting and hedging position accounting; the broker sets the mode per server or account type. Hedging mode allows you to hold opposite positions in the same symbol simultaneously.
Is MT5 pricing different from MT4 pricing at the same broker?
▼
Usually not. The brokers on this page price by account type (raw versus standard), not by platform, so the same account has the same spread and commission on MT4 and MT5. Symbol lists can differ: stock CFDs, for example, are often MT5-only.
Which of these brokers is MT5-only?
▼
Fintrix Markets lists only MT5 in our dataset. Exness, FP Markets, XM and Blueberry Markets offer MT4 alongside MT5, and FP Markets and Blueberry Markets add TradingView (FP Markets also offers cTrader and IRESS).
Related Broker Comparisons
Head-to-head pages for the brokers on this list, with account-by-account fee, platform and regulation breakdowns.
Sources and Data Checks
Figures were taken from Brokeradar's broker dataset and cross-checked against the documents below on 2026-09-03. Brokers change pricing without notice; treat every number as a starting point for your own verification.
- ↗Brokeradar review methodology
- ↗MetaQuotes: MetaTrader 5 platform overview
- ↗Exness official site (account types)
- ↗FP Markets official site (account types, platforms)
- ↗XM official site (account types)
- ↗Blueberry Markets official site (account types, platforms)
- ↗Fintrix Markets official site (account types)
Founder of Brokeradar. Reviews are produced from documented broker terms, regulatory registers and a consistent scoring framework. Data points are checked against the entity and country context described on each page.