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 FxPro - Top MetaTrader 5 Currency Pair Range
  • admiral markets logo Admiral Markets - Good MT5 Crypto Trading
  • fxtm logo FXTM - Good Beginner MetaTrader 5 Broker
  • xm logo XM - Lowest MetaTrader Deposit Broker

FP Markets
Pepperstone
IC Markets
FxPro
Admiral Markets
Our Rating
8.17
9.33
8.50
7.46
7.83
Fastest Limit Order Execution Speed
Smart Trader Tools
No Dealing Desk
1,300,000 client accounts
Volatility Protection

Regulations and Licenses

Feature
FP Markets
Pepperstone
IC Markets
FxPro
Admiral Markets
ASIC (Australia)
FCA (UK)
FSCA (South Africa)
CYSEC (Cyprus)
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
0.25
0,1
GBP/USD Avg. Raw Spread
0.60
0.59
0.23
0.74
0.6
AUD/USD Avg. Raw Spread
0.40
0.24
0.17
0.61
0.5
EUR/USD Standard Spread
1.30
0.77
0.62
1.24
0.8
EUR/USD Fixed Spreads
-
1.38
-
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
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

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

Overall

Broker Official Site Our Rating Regulation EUR/USD Spread GBP/USD Spread AUD/USD Spread MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
Visit Broker > 8.17 ASIC, CySEC 0.20 0.60 0.40 95ms $100 63+ 4+ 30:1 500:1
Visit Broker > 9.33 SCG, ASIC
FCA, CySEC
0.17 0.59 0.24 85ms $0 62+ 12+ 30:1 500:1
Visit Broker > 8.50 ASIC, FSA
CySEC
0.02 0.23 0.17 130ms $0 61+ 18+ 30:1 500:1
Visit Broker > 7.46 FCA, FSCA
CySEC, SCB
0.25 0.74 0.61 110 $0 69+ 30+ 30:1 200:1
Visit Broker > 7.83 ASIC, FCA
CySEC, FSA
0,1 0.6 0.5 180ms $100 122+ 37+ 30:1 500:1

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