Top MetaTrader (MT5) Forex Brokers

Below show the best MT5 forex broker by each 2022 MetaTrader 5 trading category

  • FP Markets FP Markets - Best MetaTrader 5 CFD Broker
  • Pepperstone Pepperstone - Top Execution MQL5 Speeds
  • IC Markets IC Markets - Lowest Spread MT5 Forex Broker
  • fxpro logo new FxPro - Top MetaTrader 5 Currency Pair Range
  • admiral markets logo Admiral Markets - Good MT5 Crypto Trading
  • fxtm logo new FXTM - Good Beginner MetaTrader 5 Broker
  • XM logos XM - Lowest MetaTrader Deposit Broker

Calculate Your Trading Costs Below

Total Fees

Commission

Spread Costs

Total

Total Fees

Commission

Spread Costs

Total

Total Fees

Commission

Spread Costs

Total

Total Fees

Commission

Spread Costs

Total

FP Markets
Pepperstone
IC Markets
FxPro
Admiral Markets
Our Rating
8
9.17
8.50
7.46
7.83
The vast majority of retail investor accounts lose money when trading CFDs.
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
77% of retail investor accounts lose money when trading CFDs with IC Markets (EU) Ltd
76.14% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
79% of retail clients lose money with Admiral Markets

Regulations and Licenses

Feature
FP Markets
Pepperstone
IC Markets
FxPro
Admiral Markets
ASIC (Australia)
FCA (UK)
FSCA (South Africa)
CYSEC (Cypus)
DFSA (Dubai)
BaFin (Germany)
FSA (Seychelles)
FSC BVI (British Virgin Islands)
SCB (Bahamas)
BMA (Bermuda)
VFSA (Vanuatu)
SCA or CBUAE (UAE)
Unregulated

Brokerage

Feature
FP Markets
Pepperstone
IC Markets
FxPro
Admiral Markets
EUR/USD Avg. Raw Spread
0.20
0.17
0.02
0.55
0,1
GBP/USD Avg. Raw Spread
0.40
0.59
0.23
0.46
0.6
AUD/USD Avg. Raw Spread
0.30
0.24
0.17
0.76
0.5
EUR/USD Standard Spread
1.30
0.75
0.62
1.40
0.8
EUR/USD Fixed Spreads
-
-
-
1.69
-
Commissions (USD Base)
$3.00
$3.50
$3.50
$4.50
$3.0
Minimum Deposit
$100
$0
$0
$0
$100
Swap Free Account
No Inactivity Fees
Funding Methods
10+
16+
15+
4+
12+
No Funding Fees

Markets and Instruments

Feature
FP Markets
Pepperstone
IC Markets
FxPro
Admiral Markets
Currency Pairs
63+
62+
61+
69+
122+
Cryptocurrency CFDs*
4+
12+
18+
30+
37+
Index CFDs
14+
14+
16+
24+
44+
Share CFDs
12,986+
300+
100+
150+
3441+ (MT5)
Commodities CFD
7+
9+
26+
21+
36+
Stockbroking
-
-
-
-
-
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 200:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
500:1
500:1
-
500:1
Retail Max. Leverage (The United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
-
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (The United Kingdom)
500:1
500:1
-
200:1
500:1
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
500:1
500:1
500:1
200:1
500:1
Retail Max. Leverage (UAE)
-
Major Pairs 30:1
Minor Pairs 20:1
-
-
-
Pro. Max. Leverage (UAE)
-
500:1
-
-
-
Pro. Max. Leverage (Kenya)
-
-
-
-
-
Pro. Max. Leverage (South Africa)
-
-
-
200:1
-
Retail Max. Leverage (With offshore regulators)
500:1
200:1
500:1
200:1
500:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations

Trading Platforms + Tools

Feature
FP Markets
Pepperstone
IC Markets
FxPro
Admiral Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Only in France
Demo Account
Unique Feature
Fastest Limit Order Execution Speed
Smart Trader Tools
ECN pricing
1,300,000 client accounts
Volatility Protection

Overall

FP Markets
Pepperstone
IC Markets
FxPro
Admiral Markets