Best MT5 Brokers For 2026

Our editors' pick for MetaTrader 5 (MT5) is BlackBull Markets, and I recommend it if you want a raw-spread account on MT5 with no minimum deposit. It sits first on this page as our editors' pick, chosen on 27 September 2026, and it carries a rating of 84.5. I would send scalpers and automated traders here first, because the ECN Prime account pairs a 0.0 pip minimum EUR/USD spread with US$3.00 per side in commission, and the account opens with US$0 down.

The main trade-off is trust. BlackBull holds an FMA (New Zealand) licence and an FSA (Seychelles) licence, and its Trust score of 5 out of 10 is the joint lowest in our top five, alongside Fusion Markets and TabTrade, so you should weigh that against its costs before you fund an account. It also does not accept US residents. Check which entity would hold your account, then read our full BlackBull Markets review before you commit.

What You Get On MT5

On MetaTrader 5 (MT5) at BlackBull Markets you can keep up to 100 charts open at once across 21 timeframes, which matters if you watch many pairs or run charts on several sessions. The MQL5 Wizard for building Expert Advisors is included, and market depth shows where resting orders sit. MetaTrader 4 (MT4), cTrader, TradingView, BlackBull CopyTrader and BlackBull Invest sit on the same account, with MT5 apps for iOS and Android. I like that every platform sits on one account, and BlackBull Markets is our editors' pick for MT5. To compare platforms first, our MT4 vs MT5 comparison breaks down the differences.

Execution, Costs And Leverage

Our 2026 execution test, published in the BlackBull Markets review, ran on MetaTrader 4 demo accounts and timed its average limit order at 72 milliseconds, the fastest of the 36 brokers in the test. The other 35 brokers averaged 145 milliseconds on limit orders, and BlackBull's market orders averaged 90 milliseconds. For you, that means less slippage on entries when the market moves fast. I recommend the ECN Prime account at US$3.00 per side (US$6 round turn) per standard lot, because limit orders that fill in about half the time the other 35 brokers averaged justify the fee. The Standard account runs 1.1 pips with no commission, as quoted by BlackBull's support in September 2026. Leverage runs up to 500:1, though the cap depends on the entity that holds the account.

Pepperstone ranks second with our highest published rating of any broker on this page, 93.5, and I would send you there if you want an all-round package on MT5. Its Razor account averaged 0.1 pips on EUR/USD across 1 to 31 August 2026, with commission of US$3.50 per side. I recommend it for traders who value regulation across several jurisdictions and a polished platform experience over the absolute lowest headline spread.

The trade-off is cost at the margin. Fusion Markets charges less commission and IC Markets advertises a lower standard-account spread, so Razor's US$7 round turn is mid-pack here rather than cheapest. Against that you get a Trading Platform score of 10 out of 10 and eight regulators, including the FCA (United Kingdom) and ASIC. Decide whether a slightly higher commission is worth that oversight, then check our Pepperstone review for the detail.

Razor Pricing On MT5

Razor pricing on MetaTrader 5 (MT5) is transparent: Pepperstone publishes the 0.1 pip average from data covering all sessions including rollover for 1 to 31 August 2026, so you can see what you pay rather than a best-case minimum. Commission is US$3.50 per side (US$7 round turn) per standard lot, which means a round turn on one lot costs US$7 on top of the spread. I recommend the Razor account on MT5 because an all-session average makes the true cost easier to judge. The Standard account advertises 1.1 pips on EUR/USD for traders who prefer no commission. Our low-commissions page shows where that US$7 sits among competitors.

Share CFDs And Demo Accounts

Share CFDs sit on MetaTrader 5 (MT5) and not on MetaTrader 4 (MT4) at Pepperstone, so if you want to trade stocks alongside forex, MT5 is the account to open. The MT5 demo lasts 60 days and extends once you fund a live account, which gives two months to trial a strategy before risking money. I like that the demo keeps running once a live account is funded, because most traders need that bridge. MetaTrader Trading Signals is one of five copy trading routes the review lists, alongside Signal Start, DupliTrade, Copy Trading by Pepperstone and cTrader Copy. There is no minimum deposit, though Pepperstone recommends at least US$200.

IC Markets takes third with a rating of 89, and I would send you there for a cheap raw account with a wide platform choice. Its Raw Spread account publishes a 0.1 pip average on EUR/USD, labelled as an average by IC Markets with no period or method stated, and charges US$3.50 per side. I recommend it if you want MT5, MT4, cTrader and TradingView from one broker, with mobile apps for all four and no proprietary platform to learn.

The trade-off is the entry cost and the spread basis. IC Markets asks you to fund US$200 before you trade, and the 0.1 pip figure carries no stated period, so you cannot check how it was calculated the way you can with Pepperstone's dated average. Weigh that against its Trading Costs score of 9 out of 10, then read our IC Markets review before you open the account.

Raw Spread Costs On MT5

Raw Spread costs on MetaTrader 5 (MT5) run at US$3.50 per side (US$7 round turn) per standard lot, on top of the 0.1 pip EUR/USD figure IC Markets labels as an average. Because no period or method is stated, my advice is to treat that number as indicative until your own fills confirm it. The Standard account starts from 0.8 pips as a published minimum with no commission, which suits traders who would rather avoid per-lot fees entirely. Our lowest-spreads page ranks brokers by the average EUR/USD raw spread each publishes, lowest first, with brokers that state how and when they measured coming first, so a figure with no stated period, like this one, sits behind them.

Where IC Markets Hosts MT5

IC Markets hosts MetaTrader 4 (MT4) and MetaTrader 5 (MT5) at the Equinix NY4 data centre in New York, while cTrader runs from LD5 in London, so MT5 orders execute close to the servers. That matters most for news trading or scalping, where every millisecond of latency can cost you a fraction of a pip. I would pick MT5 here for the integrated economic calendar alone, because MT4 lacks it. MT5 uses MQL5 for Expert Advisors and MT4 uses MQL4. ASIC, CySEC, the FSA (Seychelles), the SCB (Bahamas) and the CMA regulate IC Markets, and it does not accept US residents.

Fusion Markets earns fourth place with a rating of 85 on the back of its costs, and I recommend it if commission is your priority. Its US$2.25 per side (US$4.50 round turn) is the lowest commission of any broker on this page, and our calculation from Fusion's own hourly average spreads, 27 August to 25 September 2026, puts the Zero account at 0.03 pips average on EUR/USD. I would send high-volume traders here first, because per-lot fees compound fastest for you.

The trade-off is depth beyond the platform. Its Education score of 6 out of 10 and Trust score of 5 out of 10 trail Pepperstone's 9s, so you get less guidance and a lighter regulatory footprint in exchange for the pricing. DupliTrade and Fusion+ Copy Trading are open only to offshore clients, not ASIC clients. Check which entity applies to you, then read our Fusion Markets review for the full picture.

Zero Account Costs

Zero account costs start with the US$2.25 per side commission, and the 0.03 pip average comes from our arithmetic: an unweighted mean of 515 hourly averages Fusion publishes on its own spread tool for 27 August to 25 September 2026. It is not a single figure Fusion publishes, so treat it as our calculation on Fusion's data. On one lot, a round turn costs US$4.50 plus spread, roughly two-thirds of Pepperstone's US$7, which is why I'd start with the Zero account here. The Classic account advertises 0.83 pips with no commission, and both can be compared against the field on our low-commissions page.

MT5 Features And VPS

MetaTrader 5 (MT5) at Fusion Markets gives you 21 timeframes and 6 pending order types, against 9 and 4 on MetaTrader 4 (MT4), and the review suggests MT5 if you want to trade shares. Automation runs through MT4/MT5 Signals and cTrader Copy for all clients. If Expert Advisors run around the clock, discounted third-party VPS hosting for MT4 and MT5 is available through NYC Servers at 25% off monthly and FXVM at 20% off monthly. I prefer a broker that discounts VPS hosting for both MetaTrader platforms, and Fusion does that. ASIC, the VFSC (Vanuatu) and the FSA (Seychelles) regulate Fusion Markets, and it does not accept US residents.

TabTrade lands fifth with a rating of 81.5, and I would send you there if you want a broker built around MetaTrader 5. MetaTrader 5 is its main platform on desktop, web and mobile, with cTrader and TradingView marked as coming soon, and it does not offer MT4 at all because MT4 cannot carry its full range of stocks, ETFs and commodities. I recommend it for multi-asset traders who live in MT5 and want depth of market and MQL5 Expert Advisors in one place.

The trade-off is polish and transparency. Its Trading Platform score is 6 out of 10, and the review notes a dated interface, cramped mobile screens and a WebTrader with fewer indicators and no Expert Advisor support, while its follower and provider copy trading fees are not disclosed publicly. The Edge account needs US$250 to open, against US$0 for TabTrade's Standard account, so check our TabTrade review before you deposit.

Edge Account Costs

Edge account costs are well evidenced: the 0.03 pip average for April 2026 comes from Datalyst tick-level data compiled on 4 May 2026 and published on TabTrade's own spreads page. Commission is US$3.50 per side (US$7 round turn) per standard lot, so a round turn on one lot costs US$7 plus spread, the same as Pepperstone and IC Markets. I rate the Edge account highly, because a tick-level average with a stated period beats a bare minimum. The Standard account advertises spreads from 1.0 pip with no commission and a US$0 minimum deposit, read from tabtrade.com on 15 September 2026. See our lowest-spreads page for how these averages compare.

An MT5-Only Line-Up

TabTrade runs MetaTrader 5 (MT5) as its only platform: 38 or more technical indicators, 21 timeframes, depth of market, MQL5 Expert Advisors, and buy-stop-limit and sell-stop-limit orders. MT5 runs on Equinix LD5 in London and NY4 in New York, and a free MT5-integrated VPS is managed from inside the platform, with external VPS available through Beeks and NYC Servers. Copy trading runs through TabTrade's own system in its mobile app and account portal, though the fees are not public. My advice is to ask support for those numbers before you follow anyone. The FSC Mauritius licence is held by a sibling entity, and US residents are not accepted.

MultiBank Group holds rank 6 on our overall rating, 80.3. I would send you here if you want deep regulatory coverage, with our dataset counting 17 or more authorities across five continents, and MT5 access alongside the broker's own MultiBank-Plus platform. It does not accept US residents, so check your own jurisdiction first.

In my opinion the trade-off is cost transparency: the ECN account advertises spreads from 0.0 pips with a US$10,000 minimum deposit, but MultiBank publishes no ECN commission figure, so you cannot know your round-turn cost before you open the account. Ask support for the full commission schedule in writing before you deposit.

Accounts And Costs

The Standard account charges no commission and an advertised EUR/USD spread of 1.5 pips, the second widest standard-account spread on this page, with only Tickmill's 1.6 pips higher. From a US$1,000 deposit, the Pro account drops the spread to 0.8 pips, and the ECN account goes from 0.0 pips with a US$10,000 deposit, though the ECN commission must be confirmed with the broker. A US$50 minimum gets you in the door. Advertised leverage reaches 1000:1 depending on the entity, which cuts both ways for margin and risk. I would start at the Pro account rather than the Standard, since 1.5 pips costs more per lot than the commission accounts above.

MT5 Beside MultiBank-Plus

MetaTrader 5 (MT5) runs at MultiBank alongside MetaTrader 4 (MT4) and MultiBank-Plus, the broker's own web and mobile platform with TradingView-powered charts. Our review notes MultiBank-Plus still lacks some order types and risk tools that MT4 and MT5 carry, so if you rely on those, MetaTrader is the safer home. MT5 also adds stock CFDs, which MT4 does not support at MultiBank. Social trading runs through EX Social Trading or the MetaTrader Signals market. I'd make MT5 my pick at MultiBank, since it carries the order types MultiBank-Plus lacks and the share CFDs in one place.

Exness sits at rank 7 with a rating of 80, and it is the account I would choose for platform breadth on a small budget: a US$10 minimum deposit on the Standard account, MT4 and MT5 across desktop, web, and mobile, and share CFDs on MT5. It does not accept US residents, and our review notes it does not serve Australia either.

The trade-off for an MT5 trader is cost data you can trust. Exness advertises EUR/USD from 0.0 pips on the Raw Spread account, but its Myfxbook session averages over 24 to 26 September 2026 ran about 0.2 pips, higher than the advertised figure, and Myfxbook does not name the account. Weigh the US$3.50 per side commission against that real average before you commit.

What Exness Charges On MT5

The Raw Spread account charges US$3.50 per side (US$7 round turn) per lot, matching Pepperstone, TabTrade, and Eightcap on this page, and its Myfxbook EUR/USD average of about 0.2 pips over 24 to 26 September 2026 sits above the 0.0 pips advertised. Its Standard account takes no commission and an advertised 0.8 pips spread, suiting small-volume traders. Deposits run from US$10 on Standard and Standard Cent to US$200 on Pro, Raw Spread, and Zero. A demo account with US$10,000 of virtual money lets you trial MT5 before you fund anything. I'd weigh that Myfxbook gap before choosing the Raw Spread account over the Standard.

MetaTrader Set-Up At Exness

MetaTrader 5 at Exness runs on Windows and Mac, iOS, Android, and the web, with MetaTrader 4 (MT4) MultiTerminal alongside for running several accounts at once. MT5 is the platform for share trading here, since MT4 cannot trade shares at Exness. The browser-based Exness Terminal and the Exness Trade app sit beside MetaTrader on the same accounts. There is no cTrader and no TradingView account connection, so if either of those matters to you, look elsewhere on this list. For me, the absence of cTrader and TradingView rules Exness out if either platform is a must, and I'd look to Fusion Markets or IC Markets first.

FP Markets lands at rank 8 on our rating, 78.4. I would send cost-focused MT5 traders here: the Raw account lists EUR/USD at 0.1 pips with US$3.00 per side commission, tying BlackBull Markets and Tickmill for the next lowest on this page behind Fusion Markets' US$2.25, and MT5 comes with a strong add-on stack. It does not accept US residents.

The trade-off is trust and jurisdiction-dependent access. Our Trust score for FP Markets is 6 out of 10, above the 5 scored by BlackBull Markets, Fusion Markets and TabTrade on this page, and social trading tools run only through its offshore entities rather than the ASIC entity. Check which entity you would be signing up with, and what that means for your protections, before you deposit the US$100 minimum.

Raw Account Costs

FP Markets' global spreads table, dated September 2026, lists the Raw account EUR/USD at 0.1 pips in a column headed Avg, though its text calls the figures typical and states no averaging method, so treat the number with some caution. Commission is US$3.00 per side (US$6 round turn), tying BlackBull Markets and Tickmill for second-lowest here, behind Fusion Markets' US$2.25. The Standard account lists 1.2 pips in the same Avg column with no commission, and both accounts open from US$100. If you trade volume, that gap against a US$3.50 peer adds up quickly. I'd pick the Raw account for real volume, treating the 0.1 figure as indicative only.

Add-Ons For MT5 Traders

Add-ons for MetaTrader 5 (MT5) include Autochartist, Trading Central, a VPS, and the Traders Toolbox of 12 extra tools, among them an economic calendar, Correlation Trader, Alarm Manager, and Excel RTD, all extending what MT5 gives you out of the box. Expert Advisors do not run on the WebTrader or the mobile apps, so automation needs the desktop platform. Social Trading and Signal Start run only through the offshore entities. FP Markets also won Best Broker for Share CFDs in the 2026 CompareForexBrokers Awards and was named Outstanding Achievement for Best Broker for Scalping. I like the add-on range, and I'd automate on the desktop platform from the start.

Rank 9 belongs to Eightcap, rated 77.5 by our methodology. I would send you here for platform choice rather than price: our Trading Platform and Range of Markets scores are both 10 out of 10, and MT5 sits beside TradingView and TradeLocker on most entities. It does not accept US residents.

The trade-off is service and cost transparency. Our Customer Service score is 5 out of 10, the weakest on this page, and the Raw account advertises EUR/USD from 0.0 pips, a minimum, with no published average, so your real cost is unknown until you trade. Open a demo and watch the live spread before you commit the US$100 minimum.

Raw And Standard Costs

The Raw account charges US$3.50 per side (US$7 round turn) per lot with EUR/USD spreads from 0.0 pips, a minimum only, so the figure tells you the floor rather than what you will typically pay, unlike the averages Pepperstone and Fusion Markets publish. Its Standard account advertises a 1.0 pip minimum with no commission, above Fusion Markets' 0.83 on this page. Both accounts open from US$100 in every jurisdiction. Compare the round-turn cost against Tickmill's US$6 before choosing. I'd come to Eightcap for the platform tools rather than the price, since several peers here charge less per round turn.

FlashTrader And Platform Access

FlashTrader, an Expert Advisor for MT5 only, brings automatic position sizing and one-click orders, the sort of tool that makes MT5 the better pick over MetaTrader 4 (MT4) here. Platform access depends on the entity: the Australian and global entities offer MT4, MT5, TradingView, and TradeLocker, EU clients get MT5, TradingView, and TradeLocker with no MT4, and UK clients get TradingView only. Confirm which entity applies to you before planning around MT5. Eightcap was named Outstanding Achievement for both Best MT4 Broker and Best MT5 Broker in the 2026 CompareForexBrokers Awards. I'd settle the entity question first, since UK clients have no MT5 at all.

Tickmill closes the list at rank 10 with a rating of 75.8. I would send experienced MT5 traders here who want low costs and can live without cTrader: the Raw account charges US$3.00 per side and our Trading Costs score is 9.5 out of 10. It does not accept US residents.

The trade-off is jurisdiction and trust. Our Trust score is 6 out of 10, and platform choice narrows by entity: UK and EU clients get MT4, MT5, and the mobile app only, while TradingView and Tickmill Trader sit on the international entity. Check which entity you would join, and the protections that come with it, before you deposit US$100.

Raw Account Costs

Tickmill's spreads table lists a typical EUR/USD spread of 0.1 pips on the Raw account, labelled typical rather than average with no period stated, a softer claim than Pepperstone's dated average or our own calculation for Fusion Markets. Commission is US$3.00 per side (US$6 round turn), tying BlackBull Markets and FP Markets for the next-lowest commission on this page behind Fusion Markets' US$2.25, which matters directly to your cost per lot. The Standard account charges 1.6 pips with no commission, the highest standard figure here. A US$100 minimum deposit applies. I'd choose the Raw account here, since the Standard's 1.6 pips is the highest spread on this page.

Platforms By Entity

Platform access splits by entity. The international Seychelles entity carries MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, the proprietary Tickmill Trader, and the Tickmill Mobile App, while UK and EU clients get MT4, MT5, and the mobile app only, and there is no cTrader anywhere. Our review would make MT5 the default recommendation for experienced traders because it handles several asset classes, 21 timeframes, and MQL5 automation, with a steeper learning curve for beginners. Tickmill Social Trading, launched in 2025 under the FSA Seychelles, works with MT4 and MT5 accounts on that entity only. I'd default to MT5 here too, though the fuller platform set needs the Seychelles entity.