MetaTrader 5 Brokers
MetaTrader 5 (MT5) is the latest trading platform from software developers MetaQuotes. We list the best MT5 brokers, explore the range of indicators and guide you through mobile app downloads. We also compare MetaTrader 5 vs its predecessor MetaTrader 4 (MT4). Find out how to get started trading forex, stocks and futures online with the MT5 platform.
MetaTrader 5 Brokers
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Founded in Australia in 2010, Pepperstone is a highly regarded broker specialising in forex and CFDs. Serving more than 400,000 clients globally, it provides access to over 1,300 financial instruments through popular platforms like MT4, MT5, cTrader, and TradingView. Its fee structure is both low and transparent. With regulation by reputable bodies such as the FCA, ASIC, and CySEC, Pepperstone guarantees a safe trading environment for traders at every level.
Instruments Regulator Platforms CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto (only Pro clients), Spread Betting FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade, Quantower Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:30 (Retail), 1:500 (Pro) -
FXCC, a well-established brokerage since 2010, offers cost-effective online trading. Registered in Nevis and regulated by CySEC, it is distinguished by its ECN conditions and absence of a minimum deposit requirement. The account opening process is efficient, taking under five minutes.
Instruments Regulator Platforms CFDs, Forex, Indices, Commodities, Crypto CySEC MT4, MT5 Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:500 -
IC Markets is an internationally acclaimed forex and CFD broker, admired for its competitive pricing, diverse trading instruments, and superior technology. Established in 2007 and based in Australia, the firm is under the regulation of ASIC, CySEC, and FSA. It has successfully drawn over 180,000 clients from more than 200 nations.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto ASIC, CySEC, FSA, CMA MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower Min. Deposit Min. Trade Leverage $200 0.01 Lots 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) -
Founded in 2006, FxPro has built a reputation as a reliable non-dealing desk (NDD) broker, providing trading access across more than 2,100 markets to over 2 million clients globally. It has received over 100 industry awards, reflecting its favourable conditions for active traders.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, Futures, Spread Betting FCA, CySEC, FSCA, SCB, FSA FxPro Edge, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade, Quantower Min. Deposit Min. Trade Leverage $100 0.01 Lots 1:30 (Retail), 1:500 (Pro) -
IC Trading belongs to the reputable IC Markets group. Designed for dedicated traders, it offers highly competitive spreads, dependable order execution, and sophisticated trading tools. However, it operates from Mauritius, an offshore financial centre, allowing high leverage but within a less regulated environment.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures FSC MT4, MT5, cTrader, AutoChartist, TradingCentral Min. Deposit Min. Trade Leverage $200 0.01 Lots 1:500 -
Eightcap, an acclaimed broker regulated by the FCA, offers exceptionally low trading costs. Recognised as the top-rated brand by TradingView's vast user base of 100 million, traders can directly access the platform. UK traders can open a live account with a minimum deposit of just £100.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities ASIC, FCA, CySEC, SCB MT4, MT5, TradingView Min. Deposit Min. Trade Leverage £100 0.01 Lots 1:30 -
Established in 1999, FOREX.com is now integrated into StoneX, a prominent financial services entity catering to more than one million clients globally. The broker is regulated in numerous jurisdictions, including the US, UK, EU, and Australia. It offers a vast array of markets beyond forex, delivering competitive pricing on state-of-the-art trading platforms.
Instruments Regulator Platforms Forex, CFDs, Stock CFDs, Indices, Commodities, Futures, Options, Crypto NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA WebTrader, Mobile, MT4, MT5, TradingView Min. Deposit Min. Trade Leverage $100 0.01 Lots 1:30
Pepperstone
FXCC
IC Markets
FXPro
IC Trading
Eightcap
Forex.comSafety Comparison
Compare how safe the MetaTrader 5 Brokers are and what features they offer to protect traders.
| Broker | Trust Rating | FCA Regulated | Negative Balance Protection | Guaranteed Stop Loss | Segregated Accounts |
|---|---|---|---|---|---|
| Pepperstone | ✔ | ✔ | ✘ | ✔ | |
| FXCC | ✘ | ✔ | ✘ | ✔ | |
| IC Markets | ✘ | ✔ | ✘ | ✔ | |
| FXPro | ✔ | ✔ | ✘ | ✔ | |
| IC Trading | ✘ | ✘ | ✘ | ✔ | |
| Eightcap | ✔ | ✔ | ✘ | ✔ | |
| Forex.com | ✔ | ✔ | ✘ | ✘ |
Payments Comparison
Compare which popular payment methods the MetaTrader 5 Brokers support and whether they have trading accounts denominated in British Pounds (GBP).
| Broker | GBP Account | Debit Card | Credit Card | Neteller | Skrill | Apple Pay |
|---|---|---|---|---|---|---|
| Pepperstone | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| FXCC | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| IC Markets | ✔ | ✘ | ✔ | ✔ | ✔ | ✘ |
| FXPro | ✔ | ✘ | ✔ | ✔ | ✔ | ✘ |
| IC Trading | ✔ | ✔ | ✔ | ✔ | ✘ | ✘ |
| Eightcap | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| Forex.com | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
Mobile Trading Comparison
How good are the MetaTrader 5 Brokers at mobile trading using apps or other mobile interfaces.
| Broker | Mobile Apps | iOS Rating | Android Rating | Smart Watch App |
|---|---|---|---|---|
| Pepperstone | iOS & Android | ✘ | ||
| FXCC | iOS & Android | ✘ | ||
| IC Markets | iOS & Android | ✘ | ||
| FXPro | iOS & Android | ✘ | ||
| IC Trading | iOS & Android | ✘ | ||
| Eightcap | iOS & Android | ✘ | ||
| Forex.com | iOS & Android | ✘ |
Beginners Comparison
Are the MetaTrader 5 Brokers good for beginner traders, that might want an affordable setup to get started, along with good support and educational resources?
| Broker | Demo Account | Minimum Deposit | Minimum Trade | Support Rating | Education Rating |
|---|---|---|---|---|---|
| Pepperstone | ✔ | $0 | 0.01 Lots | ||
| FXCC | ✔ | $0 | 0.01 Lots | ||
| IC Markets | ✔ | $200 | 0.01 Lots | ||
| FXPro | ✔ | $100 | 0.01 Lots | ||
| IC Trading | ✔ | $200 | 0.01 Lots | ||
| Eightcap | ✔ | £100 | 0.01 Lots | ||
| Forex.com | ✔ | $100 | 0.01 Lots |
Advanced Trading Comparison
Do the MetaTrader 5 Brokers offer features that allow for more advanced trading strategies?
| Broker | Automated Trading | Pro Account | Leverage | VPS | AI | Low Latency | Extended Hours |
|---|---|---|---|---|---|---|---|
| Pepperstone | Expert Advisors (EAs) on MetaTrader | ✔ | 1:30 (Retail), 1:500 (Pro) | ✔ | ✔ | ✔ | ✘ |
| FXCC | Expert Advisors (EAs) on MetaTrader | ✘ | 1:500 | ✔ | ✘ | ✔ | ✘ |
| IC Markets | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | ✘ | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | ✔ | ✘ | ✔ | ✘ |
| FXPro | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | ✔ | 1:30 (Retail), 1:500 (Pro) | ✔ | ✘ | ✔ | ✘ |
| IC Trading | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | ✘ | 1:500 | ✔ | ✘ | ✔ | ✘ |
| Eightcap | TradingView Bots | ✘ | 1:30 | ✔ | ✘ | ✔ | ✘ |
| Forex.com | Expert Advisors (EAs) on MetaTrader | ✘ | 1:30 | ✔ | ✔ | ✔ | ✘ |
Detailed Rating Comparison
Use this heatmap to compare our detailed ratings for all of the MetaTrader 5 Brokers.
| Broker | Trust | Platforms | Mobile | Assets | Fees | Accounts | Support | Research | Education |
|---|---|---|---|---|---|---|---|---|---|
| Pepperstone | |||||||||
| FXCC | |||||||||
| IC Markets | |||||||||
| FXPro | |||||||||
| IC Trading | |||||||||
| Eightcap | |||||||||
| Forex.com |
Our Take On Pepperstone
"Pepperstone is a premier trading platform, providing tight spreads, swift execution, and sophisticated charting tools for seasoned traders. Beginners benefit from no minimum deposit, comprehensive learning materials, and outstanding 24/7 support."
Tobias Robinson
Reviewer
Pros
- Pepperstone presents itself as an economical choice for traders, offering spreads as low as 0.0 in its Razor account. The Active Trader programme provides rebates up to 30% on indices and commodities, plus $3 per lot on forex.
- Pepperstone now offers spread betting via TradingView, delivering a streamlined and tax-efficient trading experience with sophisticated analytical tools.
- Support for top-tier charting platforms such as MT4, MT5, TradingView, and cTrader. These tools accommodate different short-term trading methods, including algorithmic trading.
Cons
- Despite broadening its market range, the crypto options remain limited compared to brokers like eToro, and there is no facility for investing in actual coins.
- Pepperstone doesn't offer cTrader Copy, a favoured feature for copying trades found in the cTrader platform, which is available on other platforms such as IC Markets. However, Pepperstone has launched its own user-friendly copy trading app.
- Pepperstone's demo accounts expire after 30 days, which may not provide sufficient time to explore various platforms and evaluate trading strategies.
Our Take On FXCC
"FXCC remains a top choice for forex traders, offering over 70 currency pairs, very tight spreads from 0.0 pips in tests, and high leverage up to 1:500 with the ECN XL account."
Pros
- There are no limitations on short-term trading techniques such as trading and scalping.
- FXCC offers competitive and transparent ECN spreads starting from 0.0 pips, with no commissions. This makes it one of the most cost-effective forex brokers available.
- FXCC has introduced MT5, which in our evaluations, mirrored the trading conditions of MT4 by offering swift execution, improved charting, and market depth tools.
Cons
- The range of research tools, such as Trading Central and Autochartist, is quite limited. Leading platforms in this category, like IG, offer more advanced features.
- While the MetaTrader suite excels in technical analysis, its outdated design detracts from the overall trading experience, particularly when contrasted with contemporary platforms such as TradingView.
- FXCC's exclusive MetaTrader platform is a limitation, especially when compared to more versatile options like AvaTrade, which offers five different platforms to cater to various trader needs.
Our Take On IC Markets
"IC Markets provides excellent pricing, swift execution, and easy deposits. With cutting-edge charting tools like TradingView and the Raw Trader Plus account, it continues to be a preferred option for intermediate and advanced traders."
Pros
- Access over 2,250 CFDs across diverse markets like forex, commodities, indices, shares, bonds, and cryptocurrencies. This variety enables traders to employ diversified strategies.
- IC Markets provides some of the industry's narrowest spreads, offering 0.0-pip spreads on major currency pairs. This makes it an extremely cost-effective choice for traders.
- As a well-regulated and reputable broker, IC Markets focuses on client safety and transparency to provide a dependable global trading experience.
Cons
- IC Markets provides metals and cryptocurrencies for trading through CFDs, though the selection is narrower compared to brokers such as eToro. This limits opportunities for traders focused on these asset classes.
- The tutorials, webinars, and educational resources require enhancement, lagging behind competitors such as CMC Markets, which diminishes their appeal to novice traders.
- Although there are four top-tier third-party platforms available, the absence of in-house software or a trading app tailored for novice traders is notable.
Our Take On FXPro
"FxPro is an excellent choice for traders, offering swift execution speeds under 12ms, reduced fees since 2022, and outstanding charting platforms like MT4, MT5, cTrader, and FxPro Edge."
Pros
- FxPro uses a 'No Dealing Desk' (NDD) model for swift and transparent order execution, usually within 12 milliseconds, making it well-suited for short-term trading strategies.
- FxPro provides four dependable charting platforms, including the user-friendly FxPro Edge. It features more than 50 indicators, 7 types of charts, and 15 different timeframes.
- FxPro's Wallet is a notable feature enabling traders to securely manage their funds. It ensures additional protection and ease by separating unused funds from active trading accounts.
Cons
- FxPro offers customer support five days a week around the clock, accessible via various platforms, and the service quality is reliable based on tests. However, the absence of weekend support can be a drawback for traders requiring help beyond standard market times.
- FxPro, with its $10M funded demo account and expanding Knowledge Hub, mainly caters to experienced traders. Beginners might find its account and fee structure challenging to understand.
- There are no passive investment options such as copy trading or interest on cash. While traders might not find these essential, competitors like eToro, which accommodate both active and passive investors, offer more extensive services.
Our Take On IC Trading
"IC Trading offers an ideal environment, featuring top-tier execution speeds of around 40 milliseconds, extensive liquidity, and advanced charting tools, perfect for scalpers, traders, and algorithmic traders."
Christian Harris
Reviewer
Pros
- IC Trading provides exceptional flexibility, allowing traders to open as many as 10 live accounts and 20 demo accounts. This enables the management of distinct profiles for various activities, including manual and algorithmic trading.
- IC Trading offers top-tier spreads, with some major currency pairs like EUR/USD featuring spreads as low as 0.0 pips, making it an excellent choice for traders.
- Trading Central and Autochartist provide valuable technical analysis and actionable ideas. These tools are readily available within the account area or on the cTrader platform.
Cons
- Unlike IC Markets, IC Trading lacks support for social trading via the IC Social app or the ZuluTrade platform.
- Although IC Trading operates under the reputable IC Markets group, it is licensed by the FSC in Mauritius, a regulator known for its limited financial transparency and lack of robust safeguards.
- The educational materials require significant enhancement unless accessed via the IC Markets website. This limitation is particularly disadvantageous for beginners seeking a thorough learning experience, especially when compared to industry leaders such as eToro.
Our Take On Eightcap
"Eightcap excels for traders, offering diverse charting platforms, educational Labs, and AI tools. With over 120 crypto CFDs, it stands out in crypto trading and has won our 'Best Crypto Broker' award twice consecutively."
Pros
- Eightcap has excelled in all essential trading areas, surpassing all rivals to clinch our 'Best Overall Broker' award for 2024. It also earned the titles of 'Best Crypto Broker' and 'Best TradingView Broker' for 2025.
- Eightcap excels with a suite of advanced trading tools, such as MT4 and MT5, and has recently joined the 100-million-user social trading network, TradingView.
- With spreads starting at 0 pips, minimal commission charges, and leverage up to 1:500 for select clients, Eightcap delivers affordable and flexible trading opportunities. These conditions suit various strategies, such as trading and scalping.
Cons
- Despite the growing range of tools available, Eightcap lacks popular industry resources such as Autochartist and Trading Central. These provide advanced charting analytics, live news, and essential market insights for traders focused on short-term strategies.
- Eightcap must enhance its range of over 800 instruments to rival top competitors like Blackbull Markets, which offers 26,000+ assets, especially improving its limited commodities selection.
- The demo account is available for 30 days, after which it requires a request for extension. This is less convenient than XM's offering, which provides an unlimited demo mode.
Our Take On Forex.com
"FOREX.com excels in serving traders of all levels, offering more than 80 currency pairs, spreads starting at 0.0 pips, and competitive commissions. Its robust charting platforms provide over 100 technical indicators and comprehensive research tools."
Pros
- An abundance of educational resources is available, such as tutorials, webinars, and an extensive YouTube channel, designed to enhance your understanding of financial markets.
- FOREX.com provides top-tier forex rates beginning at 0.0 pips, along with attractive cashback rebates up to 15% for dedicated traders.
- The in-house Web Trader remains a standout platform, excellently crafted for budding traders. It features a sleek design and offers more than 80 technical indicators for thorough market analysis.
Cons
- FOREX.com's MT4 platform provides around 600 instruments, a notable reduction compared to the more than 5,500 options on its other platforms.
- US clients are not protected against negative balances, which means you could end up owing more than your initial deposit.
- Demo accounts are typically limited to 90 days, hindering effective strategy testing.
The best UK trading brokers offer MetaTrader 5. With that said, minimum deposits, leverage options, commissions and swap fees vary between providers as these are not dictated by MT5. You can open both demo and real live accounts upon registration with your chosen brokerage. Once you’ve received your login credentials, you can start investing in the financial markets.
As a guide, see a list of the best MT5 brokers.
What Is MetaTrader 5?
MT5 is the latest version of the popular MetaTrader 4 system. Both were created by software developers MetaQuotes and share the logo of three traders exchanging game cards.
MetaQuotes history began in 2002 with the first ever MetaTrader platform. But the developer’s popularity soared with the release of MT4, which proved a winner with retail forex traders. In 2010, MetaTrader 5 was released with slow uptake initially as investors were resistant to change. However since the news that MetaQuotes stopped selling licences to MT4, the platform’s popularity, which is aimed at experienced traders, is on the up.
MetaTrader 5 desktop & mobile trading
MetaTrader 5 offers investing in forex, CFDs, stock and shares, indices and commodities. To access the platform, you’ll need to sign up with a broker. The MT5 software is licensed to forex brokers for a fee and then provided free of charge to traders. Both demo accounts and live accounts are available through most brokers.
Getting Started On MetaTrader 5
Download the free exe. file using the link on the broker’s website or directly from MetaQuotes. Alternatively, access via your browser using the MT5 webtrader terminal – perfect for Chromebook users.
System Requirements
MetaTrader 5 is available on Mac, PC and Linux. However, Mac users will need to download additional software such as Wine or Parallel to enable certain functionality. MT5 is increasingly difficult to pair with Macbook Pro computers due to the iOS Catalina update. Investors using Windows 7 and 8 can use MT5, though Windows 10 is preferred. The minimum processing speed is now 64 bit. 32 bit is no longer supported along with Windows XP and Vista.
MetaTrader 5 online trading
Taking Positions
To make a trade on Mac or Windows, click the ‘New Order’ symbol. Fill in the details, including the lot size, (known as volume). One lot is equal to 100,000 of the base currency, so £1,000 is 0.01 lots. Add a stop loss and take profit figure and any comments for your downloadable trading journal. Review your trade and then click buy or sell. You’ll receive confirmation the trade has been placed.
MetaTrader 5 order types
MT5 Mobile
The MetaTrader 5 mobile app is available for download on both iPhone and Android (APK). Users can access respective applications via the App Store or Google Play. The MT5 mobile app is suitable for beginners. However newbies will want to spend time reading tutorials before they register for a live account and deposit for real. The mobile solution offers dozens of indicators, a range of charts, push notifications, as well as automated copy trading.
MetaTrader 5 mobile
MetaTrader 5 Vs MetaTrader 4
So, which is better? MetaTrader 4 is one of the most popular platforms for forex trading. Some brokers, for example IG, only offer MT4. But what is the difference?
Interface
MT5 has a very similar dashboard to MetaTrader 4. Users of one should be able to transfer quite easily to the other. MT5 offers 21 default time frames vs the 9 available on MT4. If you’re operating on a day trading strategy, these offer increased potential for analysis. Increased customisation means you can turn your graphs to ‘dark mode’ on MT5 (just like on cTrader), a nifty function not available on its predecessor. Keyboard shortcuts (AKA hotkeys) remain the same across both versions.
MetaTrader 5 charts
Customised chart parameters can be added using templates. These can be found in \MQL5\Profiles\Templates. You can use templates to modify chart types and colours, add EAs, other technical indicators, graphical objects or day separators. For copy trading signals, go to Help and click Signals. You’ll find a selection to choose from with a view on reliability and growth.
Orders
There are six pending orders on MetaTrader 5 vs the four on MT4. These include the buy stop limit and sell stop limit which were not available on the previous version. This is good news for savvy traders looking to implement effective risk management tools and alerts.
MT5 risk stops
Technical Analysis
MetaTrader 5 offers 38 built-in indicators, beating MT4 which only provides 30. These include:
- Alligator
- Bollinger Bands
- Bears Power/Bulls Power
- Moving Averages
MetaTrader 5 technical indicators
Custom indicators and data points, such as Volume Profile, Time Zones or MACD 2 Lines, can be added using Java, Python and MLQ5 gateway APIs. Popular custom indicators include:
- B-clock
- ZigZag
- Renko
- Pivot Points
- Exponential Moving Averages (EMA)
Functionality
Speed of execution is a high priority on MT5. Investors can enable One-Click Trading and positions can be modified, including adding a trailing stop, after they’ve been placed. Users can even deposit using a QR code.
MetaTrader 5 one-click trading
Withdrawal of funds is simple on both platforms. Just go to ‘Options’ > ‘My Account’ and then select the withdrawal method. Level 2 Pricing (market depth) is available on MT5 with certain brokers. Not previously available on MT4, this feature allows you to assess liquidity and arguably better predict short-term price movements.
Financial Instruments
MetaTrader 5 expands the instruments available beyond currency pairs. You can now trade CFDs, futures and binary options on the following:
- Stocks and shares
- Commodities including gold and silver
- Cryptocurrency, including Bitcoin and Ripple
- Indices such as the Dax 30, Dow Jones, NSE, NASDAQ and S&P 500
Note, real stock trading is unavailable on MT5 vs brokers that offer their own platforms such as XTB.
Automated Trading
Expert Advisors (EA) are available on both platforms using the MT5 Codebase. Ensure your automated trading robots have gone through backtesting before you change from a demo account to real money investing. There is no history centre on MT5, so instead of using historical data to backtest, download the strategy tester.
MetaTrader 5 automated trading
PDF tutorials and videos for building your own EA are available through the MT5 forum or through broker education centres. API Python integration is also available.
Cost
Both MetaTrader 5 and 4 are free of charge when you sign up to a broker. Therefore price gives it the edge vs competitors, such as NinjaTrader 8, which can cost thousands of pounds depending on your asset selection. MT5 remains one of the best free trading platforms on the market.
Customer Support
The MetaTrader 5 community is vast and there are hundreds of forums filled with support and handy guides. User manual PDFs are easy to come by, with everything from charts and graphs, to Java and MQL5 explained. They can also advise how to change the platform time zone.
Help for technical queries such as MT5 not working, updating, or connecting to the server, including forgotten passwords is available through the Contact Us page. From here you’ll get assistance from an MT5 trade manager. However, most of these issues can be resolved with a simple restart or software update.
For more advanced issues, such as the commonly identified ‘off quotes’ error message (which essentially means the market is closed) or unsupported filling mode error (where your broker does not support that instrument), the forum is the best place to start. Other common errors include users who can’t place orders, have no connection or if the programme keeps closing. All of these are answered by the MQL5 community.
MetaTrader 5 customer support
Final Word On MetaTrader 5
MetaTrader 5 is a new and improved platform vs the earlier MetaTrader 4. Forex traders have proved slow to adapt to the recent release and so MT4 remains popular in the community. However, increased indicators, tradable instruments, functionality such as ‘dark mode’ and more pending orders means that MT5 is widely regarded as superior. MetaQuotes could have done more to update the interface (which remains reminiscent of Windows 95) and is lacking compared to competitors such as cTrader and NinjaTrader. But overall, MT5 pips them to the post.
FAQ
What Is The Best MT5 Broker in the UK?
We have reviewed and put together a top list of MetaTrader 5 Brokers in the UK. We compare all MT5 brokers on instruments, fees, and additional factors that are important to traders.
Can I Trade Shares On MetaTrader 5?
No, MetaTrader 5 offers forex trading, CFD trading and options trading. Investors can trade options on stocks and shares but will not own the underlying asset. The range of instruments also varies between UK mt5 brokers.
Is MetaTrader 5 Better Than MetaTrader 4
MT5 is the most recent release from MetaQuotes, an update on the previous MetaTrader 4. Whilst the platform has increased functionality with more indicators, pending orders and tradable instruments, many forex traders still prefer MT4.
Is MetaTrader 5 Suitable For Mac Users?
Yes, Mac users can trade with MetaTrader 5. However, MT5 was designed for Windows computers and with the iOS Catalina update, it is increasingly difficult for Mac users to operate. To access some functionality, Apple traders will need to download additional software such as Wine or Parallel.
Is MetaTrader 5 Free?
MT5 is free to download. You’ll need to sign up to a broker to trade with real money. Brokers, such as XTB and Admiral Markets usually require a minimum deposit which varies between firms. Demo accounts are available for those that would prefer to practice before they invest.
Is MetaTrader 5 Suitable For Beginners?
Beginners should practice using a demo account before they invest real capital. Preliminary accounts are available through your broker. However, the platform is suitable for beginners. Tutorials and PDF guides are available on the MQL5 community forum for beginners before they get started on desktop and mobile trading (iPhone and Android).