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The Best MT5 (MetaTrader 5) Brokers in 2024

Overview of the Best MetaTrader 5 Brokers in 2024

This table provides a comparison of top brokers offering MT5 in 2024, detailing key features such as minimum deposit requirements, leverage, negative balance protection, trading platforms, and credit/debit card support. It helps traders choose the best broker suited to their needs.

BrokerMinimum DepositLeverageNegative Balance ProtectionTrading PlatformCredit/debit card
Exness$200 1:30 YesMT5, MT4, Exness Terminal (Web), Exness Trade App (Mobile)Yes
IC Markets$200 1:30YesMT5, MT4, cTrader, IC Social, Signal Start, ZuluTradeYes
FP Markets$50 1:30 YesMT5, MT4, cTraderYes
Pepperstone$0 1:30 YesMT5, MT4, cTrader, TradingViewYes
FxPro$100 1:30 YesMT5, MT4, cTrader, FxPro Trading Platform, FxPro Direct Mobile AppYes
Vantage$50 1:30 YesМТ5 (desktop, mobile), МТ4 (desktop, mobile, web), WebTrader, ProTrader, and Vantage Markets appYes
FOREX.com$100 1:30 Yes MT5, MT4, WebTrader, TradingView, Mobile AppYes
AvaTrade$100 1:30 YesMT5, MT4, Ava Web Trader, AvaOptions, AvaSocial, DupliTradeYes
Swissquote$0 1:30 YesMT5, MT4, CFXDYes
TeleTrade$100 1:30 YesMT5, MT4Yes

Trading Fees of the Best MT5 Brokers

The fees associated with a trade, such as spreads, commissions, and other trading costs, are crucial when choosing a broker. To help you make an informed decision, we have compiled a table below showcasing the most important forex spreads.

BrokerEUR/USD SpreadGBP/USD SpreadAUD/USD SpreadEUR/CHF SpreadEUR/GBP Spread
Exness0.30.50.41.00.5
IC Markets0.00.00.00.20.2
FP Markets0.10.20.20.40.2
Pepperstone0.10.20.20.40.3
FxPro1.41.62.02.91.5
Vantage0.10.30.40.60.3
FOREX.com1.21.51.21.91.2
AvaTrade0.91.51.12.01.5
Swissquote1.61.91.62.21.9
TeleTrade1.11.21.22.01.5

Non-Trading Fees at the Best MetaTrader 5 Brokers

Non-trading fees are charges that are not directly tied to individual trades. These typically include account maintenance, deposit and withdrawal fees, and inactivity fees. The table below provides information on the non-trading fees of the best MT 5 brokers, helping you make an informed choice.

BrokerAccount FeesDeposit FeesWithdrawal FeesInactivity Fees
ExnessNo$0 $0 No
IC MarketsNo$0 $0 No
FP MarketsNo$0 $0 No
PepperstoneNo$0 $0 No
FxProNo$0 $0Yes
VantageNo$0 $0 No
FOREX.comNo$0 $0 Yes
AvaTradeNo$0 $0 Yes
SwissquoteNo$0 $10 Yes
TeleTradeNo$0 $0 Yes

Product Selections at Best MT5 Brokers

Discover the wide range of products available at the best MetaTrader 5 brokers. From stocks and bonds to commodities and cryptocurrencies, these brokers offer a comprehensive selection to meet all your investment needs. Compare product availability to ensure you choose the broker that best aligns with your financial goals.

BrokerStock indexCommodityBondCrypto
Exness✔️✔️✔️
IC Markets✔️✔️✔️✔️
FP Markets✔️✔️✔️✔️
Pepperstone✔️✔️✔️✔️
FxPro✔️✔️✔️✔️
Vantage✔️✔️✔️✔️
FOREX.com✔️✔️✔️✔️
AvaTrade✔️✔️✔️✔️
Swissquote✔️✔️✔️✔️
TeleTrade✔️✔️✔️✔️

Can I Trust These MetaTrader 5 Brokers?

When choosing a best MT5 brokers, trust is paramount. We evaluate each broker’s regulatory status, protections available to investors, customer reviews, and track record for transparency and reliability. Learn about the measures these brokers take to protect your investments and ensure a secure trading environment.

BrokerEstablishment YearTop-tier RegulatorsInvestor ProtectionInvolved in the scandal
Exness2008FCA in the UK, SEC in the US, CySEC in Cyprus, FSCA in South Africa, BaFin in Germany, ASIC in Australia£85k for UK residents, €20k for EU residents; no specific information on protection is available for other countries.No
IC Markets2007FCA in the UK and ASIC in Australia€20k to EU clients and $0 to othersNo
FP Markets2005ASIC in Australia, CySEC in the EU€20k to EU clients, $0 to othersNo
Pepperstone2010ASIC in Australia, FCA in the UK, and BaFin in Germany£85k to the UK and €20k to EU clients, $0 to othersNo
FxPro2006FCA in the UK, FSCA in South Africa, CySEC in Cyprus, and SCB in the Bahamas£85k to UK clients, $0 to othersNo
Vantage2009ASIC in Australia, FCA in the UK£85 to UK clients and $0 to othersNo
FOREX.com2001FCA in the UK and CFTC, NFA in the US£85k to UK and EU clientsNo
AvaTrade2006ASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFIDOnly clients of AVA Trade EU Ltd can be compensated by up to EUR 20,000No
Swissquote1996FCA in the UK, FINMA in Switzerland, and CySEC in CyprusCHF 100k for cash at the Swiss entity, £85k at the UK entity, HKD 500k at the Hong Kong entity, and none of the other entities.No
TeleTrade1994CySec in the Cyprus€20k to EU clients, no specific information on protection is available for other countries.No

The Best MT5 Brokers Snapshot

Mobile App Score4.4
Minimum Deposit$200
Trading PlatformMT5, MT4, Exness Terminal (Web), Exness Trade App (Mobile)
Inactivity Fee
Deposit MethodsBank transfers, credit/debit cards, and e-wallets
Withdrawal MethodsBank transfers, credit/debit cards, and e-wallets
Time to Open an Account1 day
Demo Account✔️
Customer ServicesAvailable 24/7 via live chat, phone, and email
IC Markets
IC Markets
Mobile App Score5.0
Minimum Deposit$200
Trading PlatformMT5, MT4, cTrader, IC Social, Signal Start, ZuluTrade
Inactivity Fee
Deposit MethodsBank wire, Credit cards, Digital wallets
Withdrawal MethodsBank wire, Credit cards, Digital wallets
Time to Open an Account2 days
Demo Account✔️
Customer ServicesAvailable 24/7 via live chat, phone, and email
FP Markets
FP Markets
Mobile App Score4.7
Minimum Deposit$50                                                                                                                                         
Trading PlatformMT5, MT4, cTrader
Inactivity Fee
Deposit MethodsCredit/debit cards, bank wire transfers, and e-wallets
Withdrawal MethodsCredit/debit cards, bank wire transfers, and e-wallets
Time to Open an Account1 day
Demo Account✔️
Customer ServicesAvailable 24/7 via live chat, phone, and email
Pepperstone
Pepperstone
Mobile App Score4.2
Minimum Deposit$0
Trading PlatformMT5, MT4, cTrader, TradingView
Inactivity Fee
Deposit MethodsCredit/debit card, PayPal, Neteller, Skrill, Poli, wire transfer
Withdrawal MethodsCredit/debit card, PayPal, Neteller, Skrill, Poli, wire transfer
Time to Open an Account1 day
Demo Account✔️
Customer ServicesAvailable 24/5 via live chat, phone, and email
Mobile App Score4.5
Minimum Deposit$100
Trading PlatformMT5, MT4, cTrader, FxPro Trading Platform, FxPro Direct Mobile App
Inactivity FeeYes                                                                                                                                         
Deposit MethodsBank transfers, credit and debit cards, and e-wallets like PayPal and Skrill.
Withdrawal MethodsBank transfers, credit and debit cards, and e-wallets like PayPal and Skrill.
Time to Open an Account1 day
Demo Account✔️
Customer ServicesAvailable 24/5 via live chat, phone, and email
Mobile App Score4.0
Minimum Deposit$50
Trading PlatformМТ5 (desktop, mobile), МТ4 (desktop, mobile, web), WebTrader, ProTrader, and Vantage Markets app
Inactivity Fee
Deposit MethodsBank transfer, Visa and Mastercard, Neteller, Skrill, FasaPay, Thailand Instant Bank, and PayPal payment systems
Withdrawal MethodsBank transfer, Visa and Mastercard, Neteller, Skrill, FasaPay, Thailand Instant Bank, and PayPal payment systems
Time to Open an Account1 day
Demo Account✔️
Customer ServicesAvailable 24/7 via live chat, phone, and email
FOREX.com
FOREX.com
Mobile App Score5.0
Minimum Deposit$100
Trading PlatformMT5, MT4, WebTrader, TradingView, Mobile App
Inactivity FeeYes                                                                                                                                         
Deposit MethodsCredit/debit card, wire transfer, PayPal
Withdrawal MethodsCredit/debit card, wire transfer, PayPal
Time to Open an Account1-3 days
Demo Account✔️
Customer ServicesAvailable 24/5 via live chat, phone, and email
Mobile App Score4.0
Minimum Deposit$100
Trading PlatformMT5, MT4, Ava Web Trader, AvaOptions, AvaSocial, DupliTrade
Inactivity FeeYes                                                                                                                                         
Deposit MethodsCredit/debit cards, Bank wire transfers, and e-wallets like PayPal and Skrill
Withdrawal MethodsCredit/debit cards, Bank wire transfers, and e-wallets like PayPal and Skrill
Time to Open an Account1 day
Demo Account✔️
Customer ServicesAvailable 24/5 via live chat, phone, and email
Swissquote
Swissquote
Mobile App Score4.2
Minimum Deposit$0
Trading PlatformMT5, MT4, CFXD
Inactivity FeeYes                                                                                                                                         
Deposit MethodsWire Transfer, Credit Card, Visa, Mastercard
Withdrawal MethodsWire Transfer, Credit Card, Visa, Mastercard
Time to Open an Account1 day
Demo Account✔️
Customer ServicesAvailable 24/5 via live chat, phone, and email
TeleTrade
TeleTrade
Mobile App Score4.5
Minimum Deposit$100
Trading PlatformMT5, МТ4
Inactivity FeeYes
Deposit MethodsVisa, MasterCard, Skrill, Neteller, Fasapay e-wallets, and bank transfer
Withdrawal MethodsVisa, MasterCard, Skrill, Neteller, Fasapay e-wallets, and bank transfer
Time to Open an Account1 day
Demo Account✔️
Customer ServicesAvailable 24/7 via live chat, phone, and email

Methodology

To choose the best MT5 broker, we thoroughly check, verify, and compare the elements that we consider to be the most important to consider when choosing an excellent broker. This includes the benefits, drawbacks, and overall grades determined by our research. Our goal is to help you find the ideal broker for your investor needs. You can read more about our methodology by visiting this page.

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