7 Best MetaTrader 5 Forex Brokers
The 7 Best MetaTrader5 Forex Brokers – Rated and Reviewed. We have listed the Best Forex Brokers with the MT5 Trading Platform on offer.
In this in-depth guide, you will learn:
- The Best MetaTrader 5 Forex Brokers – a List
- The Benefits of Trading with MT5
- MetaTrader 4 vs MetaTrader 5
- What is MetaTrader 5?
and much, MUCH more!
| 🔎 Broker | 🚀Open an Account | ⭐ MetaTrader 5 | 💶 Min. Deposit |
| 🥇 Pepperstone | 👉 Open Account | ✅Yes | 10 USD |
| 🥈 AvaTrade | 👉 Open Account | ✅Yes | 100 USD |
| 🥉 FP Markets | 👉 Open Account | ✅Yes | 100 USD |
| 🏅 Exness | 👉 Open Account | ✅Yes | 10 USD |
| 🎖️ HFM | 👉 Open Account | ✅Yes | None |
| 🥇 Tickmill | 👉 Open Account | ✅Yes | 100 USD |
| 🥈 FXTM | 👉 Open Account | ✅Yes | 10 USD |
7 Best MetaTrader 5 Forex Brokers (2025)
- ☑️ Pepperstone – Overall, the Best MetaTrader 5 Forex Broker
- ☑️ AvaTrade – Highly Regulated and Trusted Forex Broker
- ☑️ FP Markets – Popular MT5 Broker for Beginners
- ☑️ Exness – Best Overall Trading Experience
- ☑️ HFM – Excellent Bonus Offers and Promotions
- ☑️ Tickmill – Best Mobile Trading Experience
- ☑️ FXTM – Best Online Trading Experience
1. Pepperstone
Pepperstone is a well-established online broker based in Australia, known for its competitive trading conditions and extensive range of financial instruments. Founded in 2010, it specializes in forex and CFD trading, offering access to over 1,200 markets, including currencies, commodities, and indices.
| 🔎 Broker | 🥇 Pepperstone |
| 📌 Year Founded | 2010 |
| 👤 Amount of Staff | 300+ |
| 👥 Active Traders | 300,000+ |
| 📍 Publicly Traded | None |
| 🛡️ Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB |
| 🌎 Country of Regulation | UK, Australia, Cyprus |
| ⭐ Safety and Security | High |
| 🔃 Account Segregation | ✅Yes |
| 🚨 Negative Balance Protection | ✅Yes |
| 📊 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | ✅Yes |
| 💶 Minimum Deposit | AU$10 |
| ⏰ Average Deposit/Withdrawal Processing Time | Depends on method |
| 💵 Fund Withdrawal Fee | None |
| ⭐ Spreads From | 0.0 pips |
| 💷 Commissions | ✅Yes |
| 🔢 Base Currencies | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD |
| 💳 Swap Fees | ✅Yes |
| ⏩ Leverage | 1:500 (Pro), 1:200 (Retail) (Retail Leverage is license-specific and can be as low as 1:30) |
| ▶️ Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 📈 Order Execution Time | Under 30ms |
| 📉 VPS Hosting | ✅Yes |
| 📊 CFDs Total | 1200+ |
| 💹 CFD Stock Indices | 14+ |
| 🍎 CFD Commodities | 20+ |
| 💱 CFD Shares | 900+ |
| 🅰️ Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Neteller, Skrill, POLi |
| 🅱️ Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Neteller, Skrill, POLi |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView Proprietary Pepperstone Platform |
| 💻 OS Compatibility | Windows, macOS, iOS, Android, Web-based |
| ⚙️ Forex Trading Tools | Advanced charting, Autochartist, TradingView integration, Market Analysis |
| 🩷 Customer Support | Multiple Channels |
| 🥰 Live Chat Availability | 24/5 |
| 💌 Support Email Address | support@pepperstone.com |
| ☎️ Support Contact Number | +254 2038 93547/8/9 |
| 💙 Social Media Platforms | Facebook, Twitter, LinkedIn, |
| ↪️ Languages Supported | 20+ |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Articles, Videos, Trading Guides, eBooks |
| 🤝 Affiliate Program | ✅Yes |
| 📑 Amount of Partners | Thousands globally |
| 🗃️ IB Program | ✅Yes |
| 🗄️ Sponsors Notable Events or Teams | ✅Yes |
| 📇 Rebate Program | ✅Yes |
| ⭐ Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Trading Platforms
Pepperstone provides multiple trading platforms to cater to different trader preferences:
- MetaTrader 4 (MT4): Renowned for its user-friendly interface and robust charting tools, MT4 is ideal for forex traders, supporting automated trading through Expert Advisors.
- MetaTrader 5 (MT5): This advanced version offers additional features such as more timeframes, enhanced analytical tools, and multi-asset support, allowing traders to engage in forex, stocks, and commodities.
- cTrader: Designed for more advanced traders, cTrader offers an intuitive interface, advanced charting options, and powerful algorithmic trading capabilities.
Pepperstone’s platforms are available on desktop, web, and mobile, ensuring traders can manage their accounts and execute trades anytime, anywhere. Overall, Pepperstone is a popular choice for traders seeking a reliable and feature-rich trading environment.
Frequently Asked Questions
What markets can I trade with Pepperstone?
Pepperstone offers access to over 1,200 markets, including forex, commodities, indices, and cryptocurrencies.
What trading platforms does Pepperstone support?
Pepperstone provides multiple platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, catering to various trading styles and preferences.
Are there any fees for trading with Pepperstone?
Pepperstone is known for its competitive spreads and low fees. While there are no commissions on standard accounts, a commission may apply on Razor accounts, depending on the trading volume.
Is Pepperstone regulated?
Yes, Pepperstone is regulated by several authorities, including the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK, ensuring a high level of security for traders.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Responsive and friendly customer service |
Costs of holding positions overnight can be significant |
| No inactivity fee | International bank transfers have a $20 fee |
| Educational Resources and Research Tools |
The variety of platforms can be overwhelming for Beginners |
| Quick and easy account setup |
No US Clients |
Our Verdict
Pepperstone is a reputable online broker offering a wide range of trading opportunities across various markets, including forex, commodities, and cryptocurrencies. With multiple platforms like MetaTrader 4, MetaTrader 5, and cTrader, it caters to both novice and experienced traders.
2. AvaTrade
AvaTrade is a global online broker founded in 2006, known for its user-friendly trading environment and diverse range of financial instruments. With a presence in multiple countries, AvaTrade offers access to forex, stocks, commodities, cryptocurrencies, and more, catering to both retail and institutional traders.
| 🔎 Broker | 🥇 AvaTrade |
| 📈 Established Year | 2006 |
| 🏦 Headquarters | Dublin, Ireland |
| ⏩ Publicly Traded | None |
| 📉 Regulation and Licenses | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC |
| 📉 Tier-1 Licenses | 4 |
| 📊 Tier-2 Licenses | 3 |
| 💴 Min. Deposit | 100 USD |
| 🚩Safety and Security | Very High |
| 🔃 Account Segregation | ✅Yes |
| 🔒 Negative Balance Protection | Offered |
| 🔏 Investor Protection Schemes | Participates in relevant schemes |
| 🆓 Demo Account | ✅Yes |
| ☪️ Islamic Account | ✅Yes |
| 📈 Traded Assets | 19’000+ |
| 💶 Trading Fees | Spread Only |
| 💵 Inactivity Fee | ✅Yes |
| 💷 Deposit Fees | None |
| 💰 Withdrawal Fees | None |
| 🖱️ Trading Platforms | AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, ZuluTrade |
| 4️⃣ MetaTrader 4 | ✅Yes |
| 5️⃣ MetaTrader 5 | ✅Yes |
| 🎁 Bonuses | Referral Bonus |
| ⏰ Support Hours | 24/5 |
| 📌 Account Types | Retail, Islamic, Professional |
| 🪙 Base Currencies | ZAR, USD, GBP, AUD |
| ▶️ Leverage | 1:30 (Retail), 1:400 (Pro) |
| 💵 Currency Pairs | 51+ |
| 🥰 Website Languages | Multiple |
| 🤝 Affiliate Program | ✅Yes |
| ❌ Banned Countries | United States, Belgium, Syria, Iran, New Zealand, Cuba |
| 🅰️ Scalping | ✅Yes |
| 🅱️ Hedging | ✅Yes |
| 📐 Trading Instruments | Forex, Stocks, Commodities, Crypto CFDs, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Precious Metals, CFDs |
| 💳 Deposit Methods | Credit/debit cards, bank transfers, e-wallets |
| 💸 Withdrawal Methods | Similar to deposit methods |
| ⏲️ Withdrawal Time | Typically 1-3 business days |
| 😊 Support Channels | Live chat, email, phone |
| 📝 Educational Resources | Webinars, tutorials, market analysis |
| 🗂️ Risk Management Tools | AvaProtect, stop-loss, take-profit |
| 📲 Mobile Trading | iOS and Android |
| 🚀Open an Account | 👉 Click Here |
Trading Platforms
AvaTrade provides several trading platforms to meet the needs of different traders:
- MetaTrader 4 (MT4): A widely used platform, MT4 offers advanced charting tools, automated trading capabilities through Expert Advisors, and a customizable interface, making it suitable for forex trading.
- MetaTrader 5 (MT5): The next-generation platform, MT5 includes additional features like more timeframes, a built-in economic calendar, and support for various asset classes, providing enhanced analytical capabilities.
- AvaTradeGO: This mobile app offers a streamlined trading experience with essential features for trading on the go, making it easy for users to manage their accounts and execute trades.
- AvaOptions: Designed specifically for options trading, AvaOptions provides advanced tools for managing and analyzing options strategies.
AvaTrade’s platforms are accessible on desktop, web, and mobile, ensuring that traders can engage with the markets anytime, anywhere. AvaTrade is a solid choice for traders seeking a comprehensive and flexible trading experience.
Frequently Asked Questions
What markets can I trade with AvaTrade?
AvaTrade offers a wide range of markets, including forex, stocks, commodities, cryptocurrencies, and indices, allowing traders to diversify their portfolios.
Which trading platforms does AvaTrade support?
AvaTrade supports several platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO (mobile app), and AvaOptions for options trading.
Are there fees for trading with AvaTrade?
AvaTrade typically charges spreads, but there are no commissions on most accounts. However, specific fees may apply based on the account type and trading volume.
Is AvaTrade regulated?
AvaTrade is regulated in multiple jurisdictions, including by the Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC), ensuring a high level of security and trust for traders.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Negative balance protection | Slow withdrawal – over 3 days |
| Free withdrawal | High inactivity fees |
| Great research tools | Average CFD fees |
| Regulated by multiple financial authorities | Higher Spreads for Standard Account |
| Diverse Asset Range | Varying levels of responsiveness in customer support |
| Competitive Spreads | Slow processing of deposits |
Our Verdict
AvaTrade is a well-regarded online broker that offers a diverse range of trading instruments, including forex, stocks, and cryptocurrencies. With multiple platforms like MetaTrader 4, MetaTrader 5, and its mobile app AvaTradeGO, it provides traders with flexible options to suit their needs.
3. FP Markets
FP Markets is an established Australian broker founded in 2005, offering a comprehensive trading experience across various asset classes. Known for its competitive pricing and strong execution speed, FP Markets provides access to forex, commodities, indices, and cryptocurrencies, catering to both retail and institutional traders.
| 🔎 Broker | 🥇 FP Markets |
| 📌 Year Founded | 2005 |
| 👤 Amount of Staff | 200+ |
| 👥 Amount of Active Traders | 10,000+ |
| 📍 Publicly Traded | None |
| ⭐ Regulation and Security | Very High |
| 🛡️ Regulation | ASIC, CySEC, FSCA, FSA, FSC, CMA |
| 🌎 Country of Regulation | Australia, Cyprus, South Africa, Kenya |
| 🔖 Account Segregation | ✅Yes |
| 🏷️ Negative balance protection | ✅Yes |
| ↪️ Investor Protection Schemes | ✅Yes |
| 📈 Account Types and Features | Multiple |
| 📉 Accounts Types | Standard, Raw, VIP |
| 📊 Institutional Accounts | ✅Yes |
| 💹 Managed Accounts | ✅Yes |
| 🪙 Minor account currencies | USD, EUR, GBP, AUD, JPY, etc. |
| 💰 Minimum Deposit | 100 AUD or equivalent |
| ⏰ Avg. Deposit Processing Time | Within 1 business day |
| ⏱️ Avg. Withdrawal Processing Time | Within 1-3 business days |
| 💴 Fund Withdrawal Fee | None |
| 💶 Spreads From | 0.0 pips |
| 💵 Commissions | Commission-free on some accounts |
| 💷 Base Currencies | 10+ |
| 💳 Swap Fees | Yes (varies by account type and asset) |
| ⏸️ Leverage | Up to 1:500 |
| ⏯️ Margin Requirements | Varies by asset and leverage level |
| ☪️ Islamic account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⌛ Order Execution Time | Instant to milliseconds |
| ⌨️ VPS Hosting | ✅Yes |
| 📈 CFDs Total | Over 1,000 CFDs across various asset classes |
| 📉 CFD Stock Indices | Major global indices including S&P 500, NASDAQ, FTSE 100, DAX, and more |
| 🍏 CFD Commodities | Includes commodities such as Gold, Silver, Oil, Natural Gas, and more |
| 💹 CFD Shares | A wide range of global stocks from major markets including US, UK, EU, and Asia |
| 🏧 Deposits and Withdrawals | Multiple Trusted Options |
| 💴 Deposit Options | Credit/Debit Cards, Bank Transfers, PayPal, Skrill, Neteller, e-wallets |
| 💶 Withdrawal Options | Bank Transfers, Credit/Debit Cards, PayPal, Skrill, Neteller, e-wallets |
| 🖥️ Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS TradingView cTrader |
| 💻 OS Compatibility | Windows, Mac Android, iOS |
| 🖱️ Forex trading tools | ✅Yes |
| 💖 Customer Support | Highly Responsive |
| 🥰 Live chat | 24/7 |
| 💌 Support Email | supportsc@fpmarkets.com |
| ☎️ Support Contact | +44 20 3831 3622 |
| 🐦 Social Media Platforms | Facebook, Twitter, |
| 🗯️ Languages supported | English, Chinese, Arabic, etc. |
| 🎓 Forex course | ✅Yes |
| ✏️ Webinars | ✅Yes |
| 📔 Educational Resources | ✅Yes |
| 🤝 Affiliate program | ✅Yes |
| 🫶 Amount of partners | Over 100,000 affiliates |
| 🫰🏻 IB Program | ✅Yes |
| 🏆 Sponsorships | ✅Yes |
| 💴 Rebate program | ✅Yes |
| 🚩 Accepts all Regions | Excluding USA, Japan and New Zealand |
| 🅰️ Cent Accounts | None |
| 🅱️ Micro Accounts | ✅Yes |
| 😊 Suited to Beginners | ✅Yes |
| 😎 Suited to Professionals | ✅Yes |
| ⚙️ Suited to Active Traders | ✅Yes |
| 📝 Suited to Scalpers | ✅Yes |
| 🌞 Suited to Day Traders | ✅Yes |
| 🚀Open an Account | 👉 Open Account |
Trading Platforms
FP Markets offers a variety of trading platforms to meet diverse trading needs:
- MetaTrader 4 (MT4): A popular choice among forex traders, MT4 features advanced charting tools, a user-friendly interface, and support for automated trading through Expert Advisors.
- MetaTrader 5 (MT5): The upgraded version, MT5 includes additional features such as more timeframes, an economic calendar, and improved analytical tools, making it suitable for multi-asset trading.
- Iress: Designed for advanced traders, Iress offers a sophisticated interface with powerful analytical tools, real-time data, and a range of order types for a seamless trading experience.
FP Markets’ platforms are available on desktop, web, and mobile, ensuring traders can access the markets wherever they are. FP Markets is a solid choice for those seeking a reliable broker with a robust trading infrastructure.
Frequently Asked Questions
What markets can I trade with FP Markets?
FP Markets offers a wide range of markets, including forex, commodities, indices, and cryptocurrencies, allowing traders to diversify their portfolios.
Which trading platforms does FP Markets support?
FP Markets supports several platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Iress, catering to different trading styles and preferences.
Are there fees for trading with FP Markets?
FP Markets is known for competitive spreads and low fees. While there are no commissions on standard accounts, a commission may apply on Raw accounts based on trading volume.
Is FP Markets regulated?
FP Markets is regulated by the Australian Securities and Investments Commission (ASIC), ensuring a high level of security and trust for its clients.
Pros and Cons
| ✅ Pros | ❌ Cons |
| FP Markets is regulated in several regions | There are limited instruments offered |
| MetaTrader, cTrader, and IRESS are available | research tools are not extensive |
| Tight Spreads | Withdrawal fees apply |
| There are low forex fees | No sign-up or no-deposit bonus |
Our Verdict
FP Markets is a reputable Australian broker that provides a wide range of trading opportunities across forex, commodities, indices, and cryptocurrencies. With robust platforms like MetaTrader 4, MetaTrader 5, and Iress, it caters to various trading preferences and styles.
4. Exness
Exness is a global online broker founded in 2008, known for its user-friendly platform and diverse range of trading instruments. With a strong focus on customer service and transparency, Exness offers access to forex, cryptocurrencies, commodities, and indices, making it suitable for both beginner and experienced traders.
| 🔎 Broker | 🥇 Exness |
| 📌 Year Founded | 2008 |
| 👤 Amount of Staff | 1,000+ |
| 👥 Amount of Active Traders | Over 500,000 |
| 📍 Publicly Traded | None |
| 🛡️ Regulation> | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA |
| 🌎 Country of Regulation | Multiple |
| ⭐ Safety and Security | High |
| ↪️ Account Segregation | ✅Yes |
| 🚨 Negative Balance Protection | ✅Yes |
| 📈 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | USD, EUR, GBP, AUD, ZAR, etc. |
| 💶 Minimum Deposit | 1 USD |
| ⏰ Average Deposit/Withdrawal Processing Time |
Instant to a Few hours |
| 💵 Fund Withdrawal Fee | None |
| 📉 Spreads From | 0.0 pips |
| 💷 Commissions | From $0 to $3.5 per lot |
| 🔢 Number of Base Currencies Supported | 80+ |
| 💳 Swap Fees | ✅Yes |
| 📊 Leverage | Up to 1:2000 |
| 💹 Margin Requirements | Variable based on instrument and leverage |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⏲️ Order Execution Time | Average 0.1 seconds |
| 🖥️ VPS Hosting | ✅Yes |
| 📊 CFDs Total | 100+ |
| ⭐ CFD Stock Indices | 10+ |
| 🍎 CFD Commodities | 5+ |
| 📈 CFD Shares | 70+ |
| 📉 Deposit Options | Bank Transfer, Credit/Debit, E-wallets, Cryptocurrencies |
| 📊 Withdrawal Options | Bank Transfer, Credit/Debit, E-wallets, Cryptocurrencies |
| 💹 Trading Platforms | MetaTrader 4, MetaTrader 5, Exness Trader (Mobile) |
| 💱 OS Compatibility | Windows, macOS, iOS, Android, Web |
| 📌 Forex Trading Tools | Economic Calendar, Currency Converter, Trading Calculators, Tick History |
| 🥰 Live Chat Availability | 24/7 |
| 💌 Support Email Address | support@exness.com |
| ☎️ Support Contact Number | Varies by region |
| 💙 Social Media Platforms | Facebook, Twitter, Instagram, |
| ✏️ Languages Supported | Multiple |
| 📔 Forex Course | ✅Yes |
| 📚 Webinars | ✅Yes |
| 📒 Educational Resources | Articles, Video Tutorials, How-To Guides |
| 📑 Affiliate Program | ✅Yes |
| 🗃️ Amount of Partners | Thousands globally |
| 🗄️ IB Program | ✅Yes |
| 📇 Sponsors | ✅Yes |
| 📏 Rebate Program | ✅Yes |
| 📐 Cent or Micro Accounts | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Trading Platforms
Exness provides several trading platforms to meet the needs of different traders:
- MetaTrader 4 (MT4): A widely popular platform, MT4 offers advanced charting tools, automated trading via Expert Advisors, and a customizable interface, ideal for forex trading.
- MetaTrader 5 (MT5): The next-generation platform, MT5 includes additional features such as more timeframes, a built-in economic calendar, and enhanced analytical capabilities for multi-asset trading.
- Web Terminal: Exness also offers a web-based platform that allows traders to access their accounts from any device without downloading software, ensuring convenience and flexibility.
- Mobile App: The Exness mobile app provides essential trading features, enabling users to trade on the go and manage their accounts easily.
Exness’s platforms are designed to be accessible on desktop, web, and mobile, ensuring that traders can engage with the markets anytime, anywhere. Overall, Exness stands out as a reliable broker with a robust trading infrastructure and excellent support.
Frequently Asked Questions
What markets can I trade with Exness?
Exness offers a variety of markets, including forex, cryptocurrencies, commodities, and indices, providing traders with a diverse range of trading options.
Which trading platforms does Exness support?
Exness supports several platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), a web terminal, and a mobile app, catering to different trading preferences.
Are there fees for trading with Exness?
Exness typically offers competitive spreads and zero commissions on certain accounts, but specific fees may vary based on the account type and trading conditions.
Is Exness regulated?
Exness is regulated by multiple authorities, including the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC), ensuring a secure trading environment for its clients.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Highly Regulated | Limited Product Offering in Some Regions |
| Low Minimum Deposit | High Leverage Risk |
| High Leverage | Swap Fees |
| Instant Withdrawals | Complex Bonus Conditions |
| Wide Range of Trading Instruments | Inactivity Fees |
| Multiple Account Types | Limited Proprietary Platform Features |
| Excellent Trading Platforms | Country Restrictions |
Our Verdict
Exness is a well-established broker that offers a diverse range of trading instruments, including forex, cryptocurrencies, commodities, and indices. With user-friendly platforms like MetaTrader 4, MetaTrader 5, and its mobile app, Exness provides a flexible trading experience suitable for both novice and experienced traders.
5. HFM
HFM is a global online broker founded in 2010, offering a range of trading services tailored to both retail and institutional clients. Known for its competitive trading conditions and extensive educational resources, HFM provides access to forex, commodities, indices, and cryptocurrencies, making it suitable for various trading strategies.
| 🔎 Broker | 🥇 HFM |
| 📍 Year Founded | 2010 |
| 👤 Amount of staff | 200+ |
| 👥 Amount of active traders | Over 1 million |
| ↪️ Publicly Traded | No |
| 💴 Minimum Deposit | $0 |
| 📌 Regulation and Licenses | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| ⏰ Support Hours | 24/5 |
| ⚙️ Trading Platforms | MT4, MT5, HFM Trading App |
| 🎁 Bonus Offers | ✅Yes |
| 🪙 Crypto Trading | ✅Yes |
| 🔃 Account Segregation | ✅Yes |
| 🚨 Negative balance protection | ✅Yes |
| ⭐ Investor Protection Schemes | Yes, up to €85,000 (FCA) |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | ✅Yes |
| ⏰ Avg. deposit processing time | Instant to 1 business day |
| ⏱️ Avg. Withdrawal processing time | 1-3 business days |
| 📈 Fund Withdrawal Fee | Varies by method, generally free |
| 📉 Spreads from | 0.0 pips |
| 📊 Commissions | Varies by account type and instrument |
| 💹 Number of base currencies | 40+ |
| 💱 Swap Fees | Varies by instrument and position duration |
| ⏸️ Leverage | Up to 1:1000 |
| ⏹️ Margin requirements | Varies by account and leverage |
| ☪️ Islamic account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⏲️ Order Execution Time | Typically milliseconds to seconds |
| 🖱️ VPS Hosting | Available |
| 📑 CFDs Total Offered | 1,000+ |
| 🗃️ CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 📇 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit cards, e-wallets |
| 💶 Withdrawal Options | Bank transfer, credit/debit cards, e-wallets |
| 🚩 OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex trading tools | Economic calendar, trading signals, market analysis tools |
| 🥰 Live chat availability | ✅Yes |
| 💌 Support Email | Contact Form |
| ☎️ Support Contact | Varies by Region |
| 🐦 Social Media | Facebook, Twitter, LinkedIn, YouTube |
| 🗯️ Languages on Website | English, Spanish, German, Arabic |
| ✏️ Forex course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Articles, Videos, Tutorials |
| 🫰🏻 Affiliate program | ✅Yes |
| 🫶 Amount of partners | Numerous |
| 🤝 IB Program | ✅Yes |
| 🏆 Sponsor notable events/teams | ✅Yes |
| 💷 Rebate program | ✅Yes |
| 🅰️ Cent Accounts | ✅Yes |
| 🅱️ Zero Accounts | ✅Yes |
| 😊 Suited to Beginners | ✅Yes |
| 😎 Suited to Professionals | ✅Yes |
| 🌟 Suited to Active Traders | ✅Yes |
| ▶️ Suited to Scalpers | ✅Yes |
| 🌞 Suited to Day Traders | ✅Yes |
| 🚀Open an Account | 👉 Open Account |
Trading Platforms
HFM offers multiple trading platforms to cater to different trader needs:
- MetaTrader 4 (MT4): A popular choice for forex trading, MT4 features advanced charting tools, automated trading via Expert Advisors, and a user-friendly interface.
- MetaTrader 5 (MT5): The upgraded version, MT5 provides additional features such as more timeframes, enhanced analytical tools, and support for a broader range of assets, making it ideal for multi-asset trading.
- HFM WebTrader: This web-based platform allows traders to access their accounts from any browser without the need to download software, offering convenience and flexibility.
- Mobile Trading App: HFM’s mobile app enables users to trade on the go, providing access to essential trading features and account management tools.
With these platforms available on desktop, web, and mobile, HFM ensures that traders can engage with the markets anytime and anywhere. HFM stands out as a reliable broker committed to providing a comprehensive trading experience.
Frequently Asked Questions
What markets can I trade with HFM?
HFM offers a variety of markets, including forex, commodities, indices, and cryptocurrencies, allowing traders to diversify their portfolios.
Which trading platforms does HFM support?
HFM supports several platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), HFM WebTrader, and a mobile trading app, catering to different trading preferences.
Are there fees for trading with HFM?
HFM typically offers competitive spreads and no commissions on certain accounts, but specific fees may vary depending on the account type and trading conditions.
Is HFM regulated?
HFM is regulated by several authorities, including the Financial Sector Conduct Authority (FSCA) in South Africa and the Cyprus Securities and Exchange Commission (CySEC), ensuring a secure trading environment for its clients.
Pros and Cons
| ✅ Pros | ❌ Cons |
| High-Trust Score | Small range of tradable assets |
| Low Min. Deposit | Limited Customer Support |
| MT4 and MT5 | Limited Base Account Currency |
| Proprietary Platform | Withdrawal Fee may apply |
| Premium Trader Tools | Limited Customer Support |
| Micro Account | Trading Fees higher than Average |
Our Verdict
HFM caters to various trading styles and preferences. Known for its competitive trading conditions and strong regulatory oversight, HFM offers a secure and supportive environment for traders of all levels, making it a solid choice for those looking to engage in the financial markets.
6. Tickmill
Tickmill is a global online broker established in 2014, renowned for its low-cost trading and exceptional execution speeds. Based in Seychelles and regulated by various authorities, Tickmill provides access to a wide range of markets, including forex, commodities, and indices, making it suitable for both retail and institutional traders.
| 🔎 Broker | 🥇 Tickmill |
| 📌 Year Founded | 2014 |
| 👤 Amount of Staff | Approximately 100 |
| 👥 Amount of Active Traders | Over 100,000 |
| 📍 Publicly Traded | None |
| 📈 Regulation | FCA, CySEC, FSA |
| 📉 Country of Regulation | UK, Cyprus, Seychelles |
| 📊 Account Segregation | ✅Yes |
| 💹 Negative Balance Protection | ✅Yes |
| 💱 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | 5+ |
| 💶 Minimum Deposit | $100 |
| ⚡ Average Deposit/Withdrawal Processing Time | 1-2 business days withdrawals |
| 💵 Fund Withdrawal Fee | Generally free |
| 📌 Spreads From | 0.0 pips (ECN accounts) |
| 💷 Commissions | Variable |
| 🔢 Number of Base Currencies Supported | Over 50 |
| 💳 Swap Fees | Applicable. Varies. |
| ⭐ Leverage | Up to 1:500 (Forex trading) |
| 📍 Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖥️ Order Execution Time | Milliseconds |
| 💻 VPS Hosting | Available for a fee |
| 📈 CFDs – Total Offered | 80+ |
| 📉 CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 📊 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit, e-wallets |
| 💶 Withdrawal Options | Bank transfer, credit/debit, e-wallets |
| 🖥️ Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| 💻 OS Compatibility | Windows, macOS, iOS, Android |
| 🖱️ Forex Trading Tools | Advanced charting, market analysis tools |
| ⭐ Customer Support | ✅Yes |
| 🥰 Live Chat Availability | ✅Yes |
| ☎️ Customer Support Contact Number | +44 20 8089 0385 |
| 💙 Social Media Platforms | Facebook, Twitter, |
| ⚙️ Languages Supported on Tickmill Website | English, Spanish, German, Arabic |
| ↪️ Education and Research | ✅Yes |
| 📔 Forex Course | ✅Yes |
| ✏️ Webinars | ✅Yes |
| 📚 Educational Resources | Comprehensive Resources |
| 🤝 Affiliate Program | ✅Yes |
| 🫶 Amount of Partners | Numerous Worldwide |
| 🫰🏻 IB Program | ✅Yes |
| ⭐ Do They Sponsor Any Notable Events or Teams | ✅Yes |
| 🎁 Rebate Program | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Trading Platforms
Tickmill offers several trading platforms to accommodate different trader preferences:
- MetaTrader 4 (MT4): A highly popular platform for forex trading, MT4 features advanced charting tools, customizable indicators, and automated trading capabilities through Expert Advisors, catering to traders of all experience levels.
- MetaTrader 5 (MT5): The more advanced version, MT5 includes additional features such as more timeframes, an economic calendar, and support for various asset classes, enhancing the trading experience for multi-asset traders.
- Web Trader: Tickmill’s Web Trader allows users to access their accounts from any browser without downloading software, offering convenience and flexibility for on-the-go trading.
Tickmill’s platforms are available on desktop, web, and mobile, ensuring that traders can easily engage with the markets anytime, anywhere. Overall, Tickmill stands out as a reliable broker focused on providing competitive trading conditions and robust technology.
Frequently Asked Questions
What markets can I trade with Tickmill?
Tickmill offers a range of markets, including forex, commodities, indices, and cryptocurrencies, allowing traders to diversify their portfolios.
Which trading platforms does Tickmill support?
Tickmill supports multiple platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Web Trader, catering to different trading styles and preferences.
Are there fees for trading with Tickmill?
Tickmill is known for its low spreads and commission-based pricing on certain accounts, with specific fees depending on the account type and trading conditions.
Is Tickmill regulated?
Tickmill is regulated by several authorities, including the Seychelles Financial Services Authority (FSA) and the UK Financial Conduct Authority (FCA), ensuring a secure trading environment for clients.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Well-Regulated | Limited Platforms |
| Full MetaTrader Suite | Less Competitive Pricing on Classic account |
| Low Minimum Deposit | Commission on Raw Accounts |
| Competitive Spreads | Limited Educational Resources |
| No Commissions on Classic Account | Withdrawal Fees on Certain Methods |
| Flexible Account Options | No Managed Accounts |
| User-Friendly Platforms | Limited Research Tools |
Our Verdict
With user-friendly platforms like MetaTrader 4, MetaTrader 5, and a convenient Web Trader, Tickmill caters to traders of all levels and preferences.
7. FXTM
FXTM is a global online broker established in 2011, known for its diverse range of trading products and services. Headquartered in Cyprus and regulated by several authorities, FXTM offers access to forex, commodities, indices, and cryptocurrencies, making it suitable for beginner and experienced traders.
| 🔎 Broker | 🥇 FXTM |
| 📌 Year Founded | 2011 |
| 👤 Amount of Staff | Approximately 500+ |
| 👥 Amount of Active Traders | Over 1.5 million |
| 📍 Publicly Traded | None |
| 🛡️ Regulation and Security | High |
| ⭐ Regulation | FSC (Mauritius) Capital Markets Authority (Kenya) |
| 🌎 Country of Regulation | Mauritius Kenya |
| 🔃 Account Segregation | ✅Yes |
| 🅰️ Negative Balance Protection | ✅Yes |
| 🅱️ Investor Protection Schemes | ✅Yes |
| 📈 Account Types and Features | Multiple |
| 📉 Institutional Accounts | ✅Yes |
| 📊 Managed Accounts | ✅Yes |
| 💹 Minor Account Currencies | ✅Yes |
| 💱 Minimum Deposit | 200 USD |
| ⏰ Avg. Deposit Processing Time | Instant to 1 business day |
| ⏱️ Avg. Withdrawal Processing Time | 1-3 business days |
| 💴 Fund Withdrawal Fee | Varies by method and account type |
| ↪️ Spreads From | 0.1 pips |
| 💶 Commissions | Variable; often zero for standard accounts |
| 💵 Number of Base Currencies | 50+ |
| 💷 Swap Fees | Varies by instrument and account type |
| ⏹️ Leverage | Up to 1:2000 |
| ⏺️ Margin Requirements | Varies by instrument and account type |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⏲️ Order Execution Time | Typically milliseconds to seconds |
| 🖱️ VPS Hosting | Available |
| 📈 CFDs Total | 250+ |
| 📉 CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 📊 CFD Shares | ✅Yes |
| 🔂 Deposits and Withdrawals | Trusted Options |
| ⏯️ Deposit Options | Bank transfer, credit/debit cards, e-wallets |
| ⏏️ Withdrawal Options | Bank transfer, credit/debit cards, e-wallets |
| 🖥️ Trading Platforms | MetaTrader 4, MetaTrader 5, FXTM Trader |
| 💻 OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex Trading Tools | Trading signals, technical analysis tools |
| 🥰 Customer Support | Responsive |
| 🗯️ Live Chat | ✅Yes |
| 💌 Support Email | via Help Centre |
| ☎️ Support Contact | via Help Centre |
| 🐦 Social Media | Facebook, Twitter, LinkedIn, |
| 🔖 Languages Supported | Multiple, including English, Arabic, Chinese, etc. |
| 🏷️ Educational Resources | Multiple |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Articles, tutorials, videos |
| 🫰🏻 Partnerships and Programs | Affiliate Option |
| 🫶 Affiliate Program | ✅Yes |
| 🤝 Amount of Partners | Numerous |
| ▶️ IB Program | ✅Yes |
| 🏆 Sponsor Notable Events/Teams | ✅Yes |
| 💰 Rebate Program | ✅Yes |
| 🅰️ Cent Accounts | None |
| 🅱️ Micro Accounts | None |
| 😊 Suited to Beginners | ✅Yes |
| 😎 Suited to Professionals | ✅Yes |
| ⚡ Suited to Active Traders | ✅Yes |
| ⭐ Suited to Scalpers | ✅Yes |
| 🌞 Suited to Day Traders | ✅Yes |
| 🚀Open an Account | 👉 Open Account |
Trading Platforms
FXTM provides several trading platforms to meet various trader needs:
- MetaTrader 4 (MT4): A widely used platform, MT4 features advanced charting tools, customizable indicators, and support for automated trading through Expert Advisors, making it ideal for forex traders.
- MetaTrader 5 (MT5): The next-generation platform, MT5 offers additional features like more timeframes, an economic calendar, and enhanced analytical tools, suitable for multi-asset trading.
- FXTM Trader App: This mobile app provides essential trading features and account management tools, allowing traders to manage their portfolios on the go.
- Web Trader: FXTM’s Web Trader enables users to trade directly from their browser without the need to download software, providing flexibility and convenience.
With these platforms accessible on desktop, web, and mobile, FXTM ensures that traders can engage with the markets anytime, anywhere. Overall, FXTM stands out as a reliable broker committed to providing a comprehensive trading experience.
Frequently Asked Questions
What markets can I trade with FXTM?
FXTM offers a variety of markets, including forex, commodities, indices, and cryptocurrencies, providing traders with diverse trading options.
Which trading platforms does FXTM support?
FXTM supports several platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), the FXTM Trader app, and a Web Trader, catering to different trading styles and preferences.
Are there fees for trading with FXTM?
FXTM typically offers competitive spreads and may charge commissions based on the account type. Specific fees can vary, so it’s important to review the account details.
Is FXTM regulated?
FXTM is regulated by multiple authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK, ensuring a secure trading environment for clients.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Variety of Account Types | High Min. Deposit Requirement |
| Competitive Fees | Wider Spreads on Some Accounts |
| Wide Range of Instruments | Demo Account Expiry |
| Flexible Deposit and Withdrawal Options | Limited Swap-Free Options |
| High Leverage | Commissions on Some Accounts |
| Educational Resources | Account-Specific Limitations |
| Mobile Trading | No Margin Call on Some Accounts |
| Regulated and Secure | Platform Limitations |
Our Verdict
Known for its competitive trading conditions and strong regulatory framework, FXTM offers a secure and versatile trading environment, making it a solid choice for those looking to navigate the financial markets.
What is MetaTrader5?
MetaTrader 5 (MT5) is a popular trading platform developed by MetaQuotes Software. It is primarily used for online trading in various financial markets, including forex, stocks, commodities, and cryptocurrencies. MT5 offers advanced charting tools, technical analysis, and automated trading capabilities through Expert Advisors (EAs).
Key features include:
- Trade a wide range of financial instruments.
- Multiple timeframes, indicators, and graphical objects for in-depth analysis.
- Create, backtest, and optimize automated trading strategies.
- View real-time market liquidity.
- Stay updated with economic events that may impact markets.
MT5 is available on desktop, web, and mobile, making it accessible for traders on the go. It’s designed to cater to beginner and experienced traders.
In Conclusion
MetaTrader 5 (MT5) is a versatile trading platform for forex, stocks, commodities, and cryptocurrencies, offering advanced charting, technical analysis, and automated trading through Expert Advisors. It supports multiple assets, features real-time market depth, and is accessible on desktop, web, and mobile, making it suitable for traders of all levels.
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Frequently Asked Questions
What is MetaTrader 5?
MT5 is a trading platform for forex, stocks, commodities, and cryptocurrencies, offering advanced tools for analysis and automated trading.
How does MT5 differ from MT4?
MT5 offers more advanced features, including additional timeframes, more technical indicators, multi-asset support, and an integrated economic calendar, while MT4 is primarily focused on forex trading.
Is MT5 free to use?
Yes, MT5 is free to download and use, although you may need a trading account with a broker that supports the platform.
Can I trade cryptocurrencies on MT5?
Yes, many brokers allow trading of cryptocurrencies on MT5, along with traditional assets like forex and stocks.
What are Expert Advisors (EAs)?
EAs are automated trading strategies that can be programmed and used on MT5 to execute trades based on specific criteria without manual intervention.
Is MT5 available on mobile devices?
Yes, MT5 has mobile apps for both iOS and Android, allowing you to trade on the go.
Can I customize the MT5 interface?
Yes, MT5 allows for extensive customization of charts, layouts, and indicators to suit individual trading preferences.
What types of orders can I place in MT5?
MT5 supports various order types, including market orders, limit orders, stop orders, and trailing stops.
How can I backtest trading strategies on MT5?
MT5 includes a built-in strategy tester that allows you to backtest EAs using historical data to evaluate their performance.
Is there customer support for MT5 users?
While MT5 itself doesn’t provide customer support, your broker will typically offer assistance for any platform-related issues.
