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Best Brokers for MetaTrader 5 (MT5) (2026)

MetaTrader 5 is the modern successor to MT4, adding more timeframes, built-in economic data and broader asset support. This ranking is filtered to brokers that offer MT5, then scored neutrally on cost and safety. If you want the newer engine without giving up the MetaTrader workflow, these are your options.

1
HeroFX
Accessible trading available to US residents.
4.5
Open account
Platforms
MT5, WebTrader
EUR/USD spread
0.8 pips
Regulation
FSA (Seychelles)
2
RaiseFX
Low-spread ECN trading with fast withdrawals.
4.5
Open account
Platforms
MT4, MT5
EUR/USD spread
0.3 pips
Regulation
FSA (Seychelles)
3
Vantage
Well-regulated broker with a polished app.
4.6
Open account
Platforms
MT4, MT5, Proprietary
EUR/USD spread
0.4 pips
Regulation
ASIC (Australia), FCA (UK), CIMA (Cayman)
4
Axi
Established global broker with tight raw spreads.
4.3
Open account
Platforms
MT4, MT5
EUR/USD spread
0.4 pips
Regulation
ASIC (Australia), FCA (UK), DFSA (Dubai)
5
Fxcess
Flexible account types and generous promotions.
4.3
Open account
Platforms
MT4, MT5, WebTrader
EUR/USD spread
0.6 pips
Regulation
CySEC (Cyprus), MISA (Comoros)
6
VT Markets
Multi-asset broker with strong education tools.
4.3
Open account
Platforms
MT4, MT5, WebTrader
EUR/USD spread
0.5 pips
Regulation
ASIC (Australia), FSCA (South Africa), FSC (Mauritius)

How we picked

We kept only brokers offering MetaTrader 5, then ranked by all-in cost with our neutral engine breaking ties. With MT5 held constant, fees and regulation drive the order.

Every ranking uses our neutral scoring engine. Being a partner never buys a better position.

Frequently asked questions

What does MT5 add over MT4?

More timeframes, an economic calendar, an improved strategy tester and native support for more asset classes. It's faster and more capable, though its EA language differs from MT4's.

Can I migrate my MT4 tools to MT5?

Not directly — MT5 uses a different programming language for expert advisors, so tools usually need rebuilding. If you depend on MT4 EAs, check our MT4 ranking instead.