| Online Broker | Minimum Deposit | MetaTrader Trading Platforms | About |
|---|---|---|---|
| XM | $5 MT5 Minimum Deposit | MT5, MT4 MetaTrader Trading Platforms | XM has a $5 minimum deposit for its MetaTrader 5 and MetaTrader 4 trading accounts, which include an Ultra Low Micro account (with very low trade sizes) for both platforms. About |
| Deriv | $5 MT5 Minimum Deposit | MT5 MetaTrader Trading Platform | Deriv has a $5 minimum deposit for a live account and no minimum deposit to transfer into the MT5 account, offering a wide range of markets such as Synthetic Indices, Stocks, and Forex CFDs. About |
| IC Markets | $200 MT5 Minimum Deposit | MT5, MT4 MetaTrader Trading Platforms | IC Markets has a $200 minimum deposit to trade on MetaTrader 5. IC Markets also offers MT4, cTrader, and TradingView, providing infrastructure for automated trading with rapid order transmission. About |
| RoboForex | $10 MT5 Minimum Deposit | MT5, MT4 MetaTrader Trading Platforms | RoboForex has a low $10 minimum deposit to use MT5 and MT4, with Cent and ECN accounts available. About |
| Pepperstone | $200 Minimum Deposit | MT5, MT4 MetaTrader Trading Platforms | The minimum deposit for MT5 at Pepperstone is $200. Pepperstone provides MT5 along with MT4, cTrader, and TradingView, offering a wide range of markets to trade on MT5. About |
What Is The Minimum Deposit For MT5 ?
MetaTrader 5 (MT5) is an online trading platform that is the successor to MetaTrader 4 (MT4). To trade on a live MT5 account, it is necessary to deposit at least the minimum amount set by the broker. The actual MetaTrader 5 minimum deposit can vary from broker to broker and within different account types.
The minimum deposit is the minimum initial deposit required to trade at a broker (deposits after this initial deposit may have a different minimum). Different accounts may not have the same minimum deposits; for example, an account offering very low trade sizes may provide a different minimum deposit from one with larger trade sizes.
What does it mean when there is no minimum deposit? This simply means that the broker does not set a minimum deposit, leaving it up to the trader. However, the trader needs to consider whether they will have enough to trade in a comfortable way, regardless of the minimum deposit. Also, the minimum that can be sent from a particular payment provider may differ from the minimum deposit of the broker.
MetaTrader 5 is an online trading platform that allows the trader to use online trading robots, called Expert Advisors (EAs), as well as tools for technical and fundamental analysis. As the successor to MT4, MT5 offers a number of improvements over this platform. Like MT4, the trader can download (typically for a fee) EAs and technical indicators, but can also make them in the MQL5 programming language (which differs from MT4's MQL4 language).
Some brokers fit MT5 into their account structure with MT4 (i.e., one account type will offer both platforms). Others may offer MT4 and MT5 as separate accounts.
So, to conclude, at some brokers, the minimum deposit for MT5 can, in fact, be low, for example, $5, but at others, it can be higher, and this is typically related to factors such as the types of MetaTrader 5 accounts available at the broker.
