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Best MT5 Brokers 2022 – Compare & Start Trading Today

  • Stock CFD department is limited in comparison to other MT5 trading platforms

71% of retail investor accounts lose money when trading CFDs with this provider


3. Vantage FX – MT5 Broker With Forex Leverage of Up to 1:500

vantagefx logo

Vantage FX is an online MT5 broker that offers a number of key benefits. First and foremost, if you’re on the hunt for a high leverage broker, you will be pleased to know that Vantage FX offers up to 1:500 when trading major forex pairs.

To put that into perspective, this means that you can turn a $1,000 stake into a forex position worth $500,000. We also like Vantage FX as the MT5 broker offers several account types. For example, if you elect to open an ECN account, you will benefit from spreads that start from 0 pips on major currency pairs. In turn, you will pay a tiny commission of just $3 per entry and exit order.

For this, you only need to meet a minimum deposit of $500. Vantage FX also offers swap-free and STP accounts. In total, you will have access to over 300+ financial instruments. On top of forex, this also includes commodities, shares, and indices. All supported payment methods at this MT5 broker do not attract any fees and you can choose from Visa, MasterCard, Neteller, Skrill, and several local bank wire services.


  • ECN broker accounts
  • Trade from 0 pips and a commission of $3 per slide
  • Regulated in various jurisdictions
  • Offers markets on forex, shares, energies, indices, and more
  • Supports MT5
  • Leverage of up to 1:500


  • Mobile app isn’t the easiest to use

Your capital is at risk when trading financial instruments at this provider


4. Pepperstone – Best MT5 Broker for Professional Forex Traders

pepperstone logoIf you’re classed as a professional client and are looking for the best MT5 broker to cater to your needs – it doesn’t get much better than Pepperstone.

This top-rated forex broker offers tailor-made accounts to advanced traders – which is inclusive of a personalized relationship manager, leverage of up to 1:50 of major forex pairs, and an ongoing rebate program.

You will also have the capacity to place large position sizes and in many cases – access to credit facilities. In terms of fees, Pepperstone offers a Raw Spread account that for all intents and purposes – will get you access to the Electronic Communication Network.

As a result, this means that you will be trading directly with other forex market participants and thus – you’ll get some of the best spreads available in the market. For example, you will often get 0.0 pips on EUR/USD alongside a flat commission of $3 per slide. Pepperstone is regulated by  the FCA, ASIC, and DFSA.


  • Highly suitable for professional clients
  • Raw Spread account offers 0 pips on major forex pairs
  • 0% commission accounts also available
  • More than 800+ financial instruments
  • Compatible with MT4, MT5, and cTrader
  • Regulated by the FCA, ASIC, and DFSA


  • No traditional investment assets supported

Your capital is at risk when trading financial instruments at this provider


5. – Best MT5 Broker for US Traders logoIt goes without saying that is a specialist currency broker – with the platform supporting over 80+ pairs. In particular, this top-rated trading site is super strong when it comes to exotic currency markets.

As such, if you’re looking to benefit from above-average market volatility – could be the best MT5 broker for you. also stands out for us as it is one of the most popular currency trading sites for those based in the US. Naturally, the broker is heavily regulated – with licenses in seven jurisdictions.

best mt5 brokers

Not only does this include the NFA and CFTC in the US, but regulators in the UK, in the UK, Canada, Hong Kong, and Singapore. When it comes to fees, this will depend on the account type that you sign up for. Those that are experienced in the forex trading scene will likely opt for the DMA account which comes with 0 spreads.

If you’re a newbie, you might elect to open a Standard account that comes with 0% commission. Leverage is offered on all forex markets at this MT5 broker – with US clients getting up to 1:50 and EU, UK, and Australian traders getting 1:30. VPS hosting is also supported – which you can connect to your MT5 account.


  • Great forex broker for US traders
  • 1:50 leverage on major forex pairs
  • Multiple account types available
  • Trade online or via MT4/MT5
  • More than 80+ pairs supported
  • Permits automated trading


  • US clients do not have access to guaranteed stop-loss orders

Your capital is at risk when trading financial instruments at this provider


6. FP Markets – Top-Rated MT5 Broker With Support for Forex EAs

fp markets reviewOne of the best features of MT5 is that you can easily install and deploy automated forex EAs (Expert Advisors). If this something that interests you – it’s well worth considering FP Markets.

First and foremost, this top-rated MT5 broker offers some of the fastest execution speeds in the space – with the provider claiming that it is home to award-winning latency times. As per its Equinix NY4 facility server, this averages just 40 milliseconds.

fp markets review

Additionally, FP Markets gives you direct access to a VPS. As you might know, this is crucial if you want your forex EA to trade multiple currencies on a 24/7 basis. If you elect to open a Raw Pricing account, you can trade currencies from 0.0 pips and a flat commission of $3.

Alternatively, the Standard account offers 0% commissions with spreads starting from just 1 pip on major pairs. Both account types will get you access to over 60+ forex pairs, alongside indices, metals, and commodities. FP Markets also offers leverage of up to 1:500 across both account types.


  • Supports algorithmic trading and forex EAs
  • 0% commission and low spreads
  • Raw Pricing account comes with a minimum spread of 0.0 pips
  • Compatible with MT4 and MT5
  • Leverage of up to 1:500
  • Minimum account balance of $100
  • More than 60+ forex pairs supported


Your capital is at risk when trading financial instruments at this provider

7. OANDA – Established MT5 Broker With No Minimum Deposit

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If you’re looking to trade forex via MT5 but want to keep your stakes modest – OANDA is a great platform to consider. Crucially, there is no minimum deposit at this broker, so you can get started with any amount you like.

OANDA also stands out for us as the broker was first launched in 1996. It has built a trusted reputation in the online brokerage scene and is regulated by a number of reputable bodies.

oanda review forex

Once you connect your OANDA account with MT5, you will be able to trade over 70 currency pairs. This includes all majors and minors and a huge selection of exotics. You can also trade indices, hard metals, bonds, and more. When it comes to fees, OANDA offers very competitive spreads.

This starts at just 0.6 pips when trading EUR/USD and 0.8 pips on EUR/GBP. We also like the ease with which you can fund your forex trading…

Read More : Best MT5 Brokers 2022 – Compare & Start Trading Today

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