Best MetaTrader 5 (MT5) Forex Brokers of 2024!

The MT5 platform offers numerous advantages for traders, enhancing their trading experience and efficiency. Firstly, it provides advanced charting tools and technical analysis features, allowing for in-depth market analysis. Secondly, MT5 supports multiple asset classes, including Forex, commodities, stocks, and cryptocurrencies, providing traders with diverse trading opportunities. Additionally, it features a robust algorithmic trading environment with Expert Advisors (EAs) and automated trading capabilities. Lastly, MT5’s user-friendly interface and customizable layout cater to novice and experienced traders, ensuring ease of use and a personalized trading experience.

The best Metatrader 5 forex broker is HFM MArkets because it offers the lowest zero spread MT5 account, starting for major pairs at $0.03 per 1k lot. Additionally, excellent MT5 brokers are Avatrade, XM, FxPro, Exness, and IC Markets because of their fast execution and low commission offers.

Please see my Table of the best MT5 brokers:

MT5 BrokerVisit

Min. lot size

Max. leverageMin. deposit

VISIT HFM0.011:1000$1

VISIT FXPRO0.011:500$100


VISIT INSTAFOREX0.00011:1000$10

IC Markets
VISIT IC MARKETS0.011:500$200
VISIT XM0.011:888$5

Exness Reivew

VISIT EXNESS0.011:2000$10
Octafx reviewVISIT OCTAFX0.011:400$50


HFM offers the MetaTrader 5 (MT5) platform on desktop, web, and mobile devices, ensuring that traders can access their accounts and manage their trades anytime. The desktop version is highly versatile, the web version allows for trading without software installation, and the mobile app provides full functionality.

HFM trading accounts

Trading Instruments: HFM’s MT5 platform supports various trading instruments, including Forex, commodities, indices, shares, and cryptocurrencies. This extensive selection allows traders to diversify their portfolios and exploit various market opportunities.

Execution: The MT5 platform at HFM is known for its efficient and reliable execution, featuring minimal slippage and competitive spreads. This ensures that trades are executed swiftly and at the best possible prices, enhancing trading efficiency and profitability.

Tools & Features: HFM’s MT5 platform has advanced charting tools, providing over 80 technical indicators and analytical objects. Traders can perform comprehensive market analysis with multi-threaded strategy testing, an economic calendar, and real-time market news. The platform also supports automated trading through Expert Advisors (EAs), allowing for custom indicators and script development.

User Interface: The MT5 platform at HFM boasts a user-friendly and intuitive interface that can be customized to suit individual trading preferences. The layout is designed to be accessible for both novice and experienced traders, with features such as one-click trading and multiple timeframes, making it easy to navigate and manage trades effectively.

Additional Features:

  • Depth of Market (DOM): Provides detailed insight into market liquidity and order book dynamics.
  • Hedging Options: Allows implementing hedging strategies, enabling traders to manage risk more effectively.
  • Economic Calendar: Integrated within the platform to inform traders of critical economic events and announcements that may impact the markets.
  • Multi-currency Strategy Tester: Enables backtesting of trading strategies across multiple currencies and assets.

FxPro MT5

Carrying on its predecessor’s impressive reputation, the FxPro MT5 trading platform provides everything you need to trade the financial markets. MT5 is easy to use and fully customizable to suit your trading style, with an advanced environment for EA development and additional features.

Platforms: FxPro offers the MetaTrader 5 (MT5) platform across multiple devices, including PC, Mac, Android, iOS, and web browsers. This extensive compatibility ensures traders can access their accounts and manage their trades virtually anywhere.

fxpro mt5

Trading Instruments: The MT5 platform at FxPro supports trading CFDs on various instruments, including Forex, Metals, Indices, Energy, Stocks, and Futures. This diversity allows traders to explore various market opportunities and diversify their portfolios.

Execution: FxPro provides market execution on the MT5 platform, known for its fast and reliable trade execution. The platform is set to ‘Netting’ as the default, meaning trades are aggregated, but a ‘hedging’ version is available upon request. This setup ensures competitive spreads and minimal slippage.

Tools & Features:

  • Technical Indicators & Charting Tools: MT5 at FxPro has over 38 preinstalled technical indicators and 44 analytical charting tools. The platform supports three chart types and 21 timeframes, enabling detailed market analysis.
  • Order Types: Additional pending orders, such as sell stop and buy stop limits, offer greater flexibility in managing trades.
  • Detachable Charts & One-Click Trading: These features enhance user convenience, allowing traders to manage trades directly from the charts with a single click.
  • Trailing Stop: Provides an automated way to secure profits as market conditions change.

User Interface: FxPro’s MT5 platform has an easy-to-use, fully customizable interface. Traders can adjust the layout, add custom Expert Advisors (EAs) and indicators, and utilize detachable charts to create a personalized trading environment. The integrated economic calendar and Depth of Market (DOM) feature provide valuable insights for informed trading decisions.

Additional Features:

  • MetaEditor & Strategy Tester: The MT5 platform includes MetaEditor for creating and modifying custom indicators, EAs, and scripts in MQL5. The strategy tester allows for backtesting and optimizing trading strategies using historical data.
  • FxPro VPS: Offers enhanced performance for automated trading by hosting EAs on a virtual private server.
  • Trading Central Tools: FxPro provides exclusive access to various technical analysis indicators from Trading Central, helping traders identify new opportunities and improve their trade timing.

Mobile & Web Trading:

  • Mobile Platform: FxPro MT5 Mobile is available for iOS and Android and features three chart types, nine-time frames, features indicators, and 23 analytical tools. The mobile app is optimized for tablets and includes customizable chart layouts and market news feeds.
  • WebTrader: The MT5 WebTrader platform offers advanced trading functions and superior tools for technical and fundamental analysis. It is accessible from any internet browser and includes 30 technical indicators, 24 analytical tools, and one-click trading.

MT5 Avatrade Review

The MetaTrader 5 (MT5) platform offered by AvaTrade is a state-of-the-art, multi-functional platform designed to accommodate advanced trading across various asset classes. It boasts advanced auto trading systems, technical tools, and copy trading, making it an ideal choice for professional traders looking to succeed in today’s dynamic markets.

Platforms: AvaTrade’s MT5 platform is accessible from PCs, iOS, and Android devices and directly through web browsers, ensuring that traders can easily manage their accounts and trades from any device.

Trading Instruments: AvaTrade’s MT5 platform supports trading in a wide range of assets, including Forex, stocks, indices, commodities, cryptocurrencies, and ETF CFDs. This extensive selection allows traders to diversify their portfolios and explore various market segments.

Execution: AvaTrade’s MT5 platform offers superior execution, featuring competitive spreads and a high level of security. The platform supports multiple market orders and pending orders, allowing traders to manage their trades. Additionally, all data transfers are compressed and encrypted using 128-bit keys, ensuring secure trading operations.

Tools & Features:

  • Advanced Analytical Tools: MT5 offers powerful analytical tools, including 38 built-in technical indicators and 37 graphical objects. The platform supports 12 timeframes and three chart types (line, bar, and candlesticks), allowing for detailed market analysis.
  • Expert Advisors (EAs): The platform supports the creation and use of automated trading robots and custom indicators through the advanced MQL5 programming language. This enables traders to implement sophisticated trading strategies.
  • One-Click Trading: Allows for quick execution of trades directly from the charts, enhancing trading efficiency.
  • Multi-Threaded Strategy Tester: Enables backtesting and optimization of trading strategies using historical data.
  • Depth of Market (DOM): Provides insights into market liquidity and order book dynamics.
  • Integrated Economic Calendar: Keeps traders informed of important economic events and announcements that can impact market movements.
  • News Streaming & Internal Mailing System: This system ensures traders are updated with the latest market news and can communicate internally within the platform.

User Interface: The MT5 platform at AvaTrade has a user-friendly, fully customizable interface. Traders can easily navigate the platform, access various trading functions from a single menu, and place their most frequently used commands on the toolbar. The platform also offers guaranteed full data backup and security.


  • PC: Download and install the MT5 platform by running the ava5setup.exe file and logging in with real or demo account credentials.
  • Web: Trade directly from any browser by accessing the MetaTrader 5 page on AvaTrade’s website and logging in with trading account credentials.
  • Mobile Devices: The MT5 mobile app can be downloaded from the Apple App Store or Google Play Store for both Android and iOS devices. It allows traders to trade anywhere, anytime.

Additional Features:

  • Inter-Account Funds Transfer: Allows for easy transfer of funds between accounts.
  • Six Pending Order Types: Offers greater flexibility in managing trades.
  • Micro Lots: Available for trading, making it accessible for traders with smaller account sizes.
  • Custom Indicators, Scripts, and Libraries: Traders can develop analytical tools and automated systems to suit their trading needs.

Conclusion: AvaTrade’s MT5 platform provides a comprehensive and robust trading environment with advanced tools, a wide range of assets, and a user-friendly interface. Its robust features, secure execution, and extensive accessibility make it an excellent choice for traders looking to enhance their trading experience. Download the MT5 platform for free and start trading with AvaTrade today!


ICMarkets MT5 Review

IC Markets’ MetaTrader 5 (MT5) platform is designed to offer traders institutional-grade trading conditions with features that cater to high-volume traders, scalpers, and automated traders. With raw pricing, ultra-low latency, and deep interbank liquidity, IC Markets’ MT5 platform is a top choice for professional traders.

ic markets mt5 review

Platforms: IC Markets provides the MT5 platform on desktop, web, and mobile devices, ensuring that traders can access their accounts and execute trades anywhere.

Trading Instruments: IC Markets’ MT5 platform supports multi-asset trading, including Forex, commodities, indices, cryptocurrencies, and more. This range of instruments offers traders ample opportunities to diversify their portfolios and take advantage of various market movements.

Execution: IC Markets’ MT5 platform is known for its fast order execution, thanks to Equinix NY4 data center servers in New York. This setup ensures low latency and high-speed execution, with less than 1 millisecond latency to major VPS providers. The platform offers raw pricing with no dealing desk, price requotes, or manipulation, providing traders with tight spreads and reliable execution.

Tools & Features:

  • Raw Pricing: Allows access to institutional-grade prices with spreads starting from 0.0 pips. The EURUSD spread averages just 0.1 pips, one of the tightest globally.
  • Low Latency Trading: IC Markets’ infrastructure ensures fast execution speeds, making it ideal for high-frequency trading and scalping.
  • No Trading Restrictions: Traders can place orders without restrictions, including stop-loss orders at any level and hedge positions, as there is no FIFO rule.
  • Depth of Market (DOM): Provides full transparency of available liquidity, displaying the range of prices from multiple providers.
  • Flexible Lot Sizing: The ability to trade with flexible lot sizes, including micro lots (0.01), allows for precise risk management.
  • Advanced Analytical Tools: MT5 at IC Markets has comprehensive analytical tools, including multiple timeframes, advanced charting capabilities, and over 80 technical indicators.
  • Expert Advisors (EAs): Supports automated trading through EAs, custom indicators, scripts, and libraries, facilitating sophisticated trading strategies.

User Interface: The MT5 platform at IC Markets features an intuitive, user-friendly, and fully customizable interface. Traders can easily navigate the platform, access advanced trading tools, and utilize one-click trading for efficient trade execution.

Additional Features:

  • Flexible Funding and Withdrawal Options: IC Markets offers a wide range of funding and withdrawal methods, including credit/debit cards, Skrill, wire transfer, Neteller, FasaPay, China Union Pay, Bpay, and broker-to-broker transfers.
  • Level II Pricing—Market Depth: This provides insight into market liquidity and available prices, enhancing transparency and trading decisions.
  • Secure Trading Environment: Ensures secure and reliable trading operations with guaranteed full data backup.

Conclusion: IC Markets’ MT5 platform provides a robust and advanced trading environment with tight spreads, fast execution, and deep liquidity. Its raw pricing, low latency, and flexible trading conditions make it an excellent choice for high-volume traders, scalpers, and automated traders looking for a competitive edge in the financial markets. Download the MT5 platform for free and start trading with IC Markets today!



Igor has been a trader since 2007. Currently, Igor works for several prop trading companies. He is an expert in financial niche, long-term trading, and weekly technical levels. The primary field of Igor's research is the application of machine learning in algorithmic trading. Education: Computer Engineering and Ph.D. in machine learning. Igor regularly publishes trading-related videos on the Fxigor Youtube channel. To contact Igor write on:

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