Best MT5 Brokers

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Our Top 5 MT5 Brokers

In this comprehensive guide, we’ve handpicked and listed the best MT5 brokers to help choose the one that’s right for you!

Top 5 Gold Trading Brokers
Regulators
ASIC, AUSTRAC, BaFin, BVIFSC, CIMA, CySEC, ESCA, FMA, MAS, TFG, VFSC
ASIC, AUSTRAC, BaFin, BVIFSC, CIMA, CySEC, ESCA, FMA, MAS, TFG, VFSC
ASIC, AUSTRAC, BaFin, BVIFSC, CIMA, CySEC, ESCA, FMA, MAS, TFG, VFSC
ASIC, AUSTRAC, BaFin, BVIFSC, CIMA, CySEC, ESCA, FMA, MAS, TFG, VFSC
ASIC, AUSTRAC, BaFin, BVIFSC, CIMA, CySEC, ESCA, FMA, MAS, TFG, VFSC
Average Trading Cost EUR/USD
$0.02
$0.02
$0.02
$0.02
$0.02
Execution Type(s)
ECN/STP
ECN/STP
ECN/STP
ECN/STP
ECN/STP

Average Trading Cost
GBP/USD

Content

Content

Content

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Average Trading Cost Gold
0.1 pips
0.1 pips
0.1 pips
0.1 pips
0.1 pips
Trading Platform(s)
MetaTrader 4, MetaTrader 5, cTrader
MetaTrader 4, MetaTrader 5, cTrader
MetaTrader 4, MetaTrader 5, cTrader
MetaTrader 4, MetaTrader 5, cTrader
MetaTrader 4, MetaTrader 5, cTrader
Year Established
2005
2005
2005
2005
2005
Minimum Deposit
$5
$50
$0
$50
$50
Islamic Account
YES
YES
YES
YES
YES
Negative Balance Protection
NO
YES
YES
NO
NO
Reviews

4.8/5

4.75/5

4.5/5

4.3/5

4.2/5

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Top 5 MT5 Brokers

MetaTrader 5 or MT5 is the newest version of the conventional MetaTrader Forex trading platform and it’s also the first to use multifunctionality for Forex trading, futures, and stocks. Although it isn’t as popular as the previous MetaTrader 4 version, MetaTrader 5 is supported by a fast-growing number of online brokers, giving Forex traders an extensive trading platform to choose from.

FAQs

The foreign exchange market is a favorite amongst highly experienced traders. It’s a decentralized Over Counter (OTC) market for trading foreign currencies. The market usually determines the exchange rate for all currencies. This includes different aspects of exchanging, selling, and buying currencies, both at current and determined prices. The Forex trader is usually an intermediary. This broker provides Forex traders with the platform for undertaking Forex trading. The transactions are always comprised of a pair of 2 currencies.

Every Forex trader needs a Forex trader. Forex trades are usually managed on international exchanges and only members of these exchanges and brokers can conduct the trades. As a Forex trader, you need a broker to have a good platform for trading Forex.
A specialized Forex broker is an individual who solely focuses on Forex. If you’re really interested in Forex, a specialized Forex broker is a great choice. On the other hand, a non-specialized Forex broker is a broker that you can use to trade and invest in the local stock market. Having a Forex broker is more convenient, both monetarily and technologically, to have your platforms and money with the same Forex broker.

Transaction Costs
You might be the most skilled Forex trader in the foreign exchange world, but the transaction costs can still put an unwarranted dent in your wallet and reduce your potential. The Forex broker’s transparency about their commissions and fees says a lot.
Deposits And Withdrawals
The hassle-free and timing nature of withdrawals and deposits is a very important aspect of a Forex broker. You want your funds fast. The Forex market is a pretty fast trading environment, and you cannot wait for weeks to have your deposit processed. The quick and effortless deposits are better.
Platform Technology
Most Forex brokers offer users a downloadable platform. You can easily download it on your PC or Mac, and the platform offers you unlimited access to the data, research, and markets. You’d be much better off if you choose a high-tech platform. The broker, who provides enough research, data, and commentary, whether self-generated or outsourced, is a great selection. Also, brokers may offer web or mobile trading for all interested customers.
User Experience
The execution of trades should be transparent, hassle-free, and fast. As a result, you need to check out the quality of the platform before you choose a specific Forex broker. You do not want to be frustrated with a trading platform because it’s always underperforming.
Customer Service
Essentially, customer service is a crucial indicator of trading quality. The customer service that’s upfront and responsive is the sign of a great Forex broker. Superb customer support service can make a huge difference and it’s an important factor if you wish to keep your customers loyal.
Regulation
Regulation is very important. Regulatory bodies like the National Futures Association (FTA) and the Commodity Futures Trading Commission (CFA), watch for misconduct amongst Forex brokers. These regulatory bodies offer protection to users. Every country has its licensing bodies; the CFA and FTA are the Americas.

The top Forex trader lists its regulation at the bottom of the site. If it isn’t located at the bottom of the website, it might be in the company’s information hyperlinks. You can read reviews of the Forex brokers to find out whether they are regulated.

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