MT5 Forex Brokers: Best MetaTrader 5 MT5 Forex Brokers

MT5 Forex Brokers — MT5 Forex Brokers: how it works, who can claim it, the key terms to check and how to get started. Updated 2027 guide with terms, eligibility and…

MT5 Forex Brokers – key details

15 brokers compared

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JustMarkets
★★★★★3.7
Min. deposit
$1
Leverage
1:3000
Regulation
Offshore
Spread from
0.0 pips
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CySEC · FSCA · FSA Seychelles · FSC Mauritius +1MT4 · MT5Since 2012 · Mahe, Seychelles
IC Markets
★★★★★4.4
Min. deposit
$200
Leverage
1:30 retail
Regulation
Tier 1
Spread from
0.0 pips
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ASIC · CySEC · FSA · SCBMT4 · MT5 · cTrader · TradingViewSince 2007 · Sydney, Australia
Pepperstone
★★★★★4.5
Min. deposit
$0
Leverage
1:30 retail
Regulation
Tier 1
Spread from
0.0 pips
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ASIC · FCA · CySEC · BaFin +3MT4 · MT5 · cTrader · TradingViewSince 2010 · Melbourne, Australia
IG
★★★★★4.8
Min. deposit
$0
Leverage
1:30 retail
Regulation
Tier 1
Spread from
0.9 pips
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FCA · BaFin · ASIC · FINMA +7MT4 · MT5 · TradingView · ProRealTimeSince 1974 · London, United Kingdom
OANDA
★★★★★4.3
Min. deposit
$0
Leverage
1:50 on major
Regulation
Tier 1
Spread from
0.6 pips
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CFTC/NFA · FCA · ASIC · CIRO +4MT4 · MT5 · TradingViewSince 1996
CMC Markets
★★★★★4.6
Min. deposit
$0
Leverage
1:30 retail
Regulation
Tier 1
Spread from
0.0 pips
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FCA · ASIC · CIRO · MAS +2MT4 · MT5 · TradingView · FX BlueSince 1989 · London, United Kingdom
XM
★★★★★4.0
Min. deposit
$5
Leverage
Up to 1:1000
Regulation
Tier 1
Spread from
0.0 pips
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CySEC · DFSA · FSC · FSA +1MT4 · MT5Since 2009 · Limassol, Cyprus
Exness
★★★★★4.2
Min. deposit
$10
Leverage
1:2000
Regulation
Tier 2
Spread from
0.0 pips
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FSA · FSCA · CMA · CBCS +4MT4 · MT5Since 2008 · Limassol, Cyprus
FXTM
★★★★★3.9
Min. deposit
$200
Leverage
1:3000
Regulation
Tier 2
Spread from
0.0 pips
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FSC · FSCA · CMAMT4 · MT5Since 2011 · Ebene, Mauritius
FxPro
★★★★★4.4
Min. deposit
$100
Leverage
1:30 for UK/EU
Regulation
Tier 1
Spread from
0.0 pips
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FCA · CySEC · FSCA · SCB +1MT4 · MT5 · cTrader · TradingViewSince 2006 · Nassau, Bahamas
AvaTrade
★★★★★4.2
Min. deposit
$100
Leverage
1:400
Regulation
Tier 1
Spread from
0.9 pips
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Central Bank of Ireland · ASIC · FSCA · FSC +4MT4 · MT5 · AvaTradeGO · AvaOptionsSince 2006 · Dublin, Ireland
Admirals
★★★★★4.3
Min. deposit
$25
Leverage
1:30 for UK/EU/Australian
Regulation
Tier 1
Spread from
0.0 pips
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FCA · CySEC · ASIC · EFSA +2MT4 · MT5 · MetaTrader WebTraderSince 2001 · Tallinn, Estonia
Tickmill
★★★★★4.4
Min. deposit
$100
Leverage
1:1000
Regulation
Tier 1
Spread from
0.0 pips
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FCA · CySEC · FSCA · DFSA +2MT4 · MT5 · TradingView · CQGSince 2014 · London, United Kingdom
FP Markets
★★★★★4.5
Min. deposit
$100
Leverage
1:500
Regulation
Tier 1
Spread from
0.0 pips
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ASIC · CySEC · FSCA · FSA +2MT4 · MT5 · cTrader · TradingViewSince 2005 · Sydney, Australia
HFM (HotForex)
★★★★★4.2
Min. deposit
$0
Leverage
1:2000
Regulation
Tier 1
Spread from
0.0 pips
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FCA · CySEC · FSCA · FSA +3MT4 · MT5 · HFM PlatformSince 2010 · Cyprus

Ratings and data come from our broker reviews. Always confirm the licence on the regulator's own register before you deposit. Trading CFDs carries a high risk of losing money.

MT5 Forex Brokers: frequently asked questions

What is MT5 Forex Brokers?

MT5 Forex Brokers is covered on this page with the main facts in one place: what is offered, who can take part and which conditions apply. Offers like this change often, so always confirm the current details on the official page before you sign up.

Who can claim MT5 Forex Brokers?

Eligibility usually depends on your country of residence, a verified account and, for most trading promotions, a new or qualifying account. Read the eligibility section of the terms first; residents of some countries are excluded by the provider or by local rules.

What should I check before using MT5 Forex Brokers?

The exact amount, percentage or reward and any maximum cap.
Trading volume or lot requirements and the deadline to meet them.
Which part can be withdrawn, and when.
Which company and licence your account will be opened under.

Is MT5 Forex Brokers worth it?

It can be useful if the conditions match how you already trade. Do not change your strategy or risk more just to reach a bonus target. Trading leveraged products such as forex and CFDs carries a high risk of losing money.

How to use MT5 Forex Brokers step by step

Open the official page and read the full terms, including the expiry date.
Register or log in, and complete identity verification (KYC) if it is required.
Activate the offer in the account area or with the promo code, if one is given.
Trade or deposit as the terms require and track your progress in the client area.
Withdraw only the part the terms allow, and keep screenshots of your progress.

MT5 Forex Brokers: key terms explained

Volume requirement: the number of lots you must trade before profits or the bonus become withdrawable. Expiry: the date after which unused credit is removed. Eligible instruments: some offers only count trades on certain pairs or account types. Withdrawal rule: withdrawing before the target is met usually cancels the bonus.

Compare these points with other offers before you decide, and only trade money you can afford to lose.

Pros and cons of MT5 Forex Brokers

Pro: a lower-cost way to try the platform and its execution.
Pro: extra margin or rewards if you already trade actively.
Con: volume targets can push traders into overtrading.
Con: strict expiry and withdrawal rules.
Con: offers may only be available through an offshore entity with weaker protection.

Our view: treat any bonus as a small extra, not the reason to choose a broker. Regulation, costs, platform quality and withdrawal speed matter more over time.