MetaTrader 5 (MT5) Brokers

MT5 Brokers

MT5 Brokers Comparison Table
Online BrokerMinimum DepositCryptocurrency CFDsStocks CFDsRegulated
$200
Minimum Deposit
Crypto CFDs
Stocks CFDs
CIMA, ASIC
Regulation
$200
Minimum Deposit
Crypto CFDs
Stocks CFDs
ASIC
Regulation
None
Minimum Deposit
Crypto CFDs
Stocks CFDs
FCA, ASIC, FSCA
Regulation
$100
Minimum Deposit
Crypto CFDs
X
Stocks CFDs
ASIC
Regulation
$200
Minimum Deposit
X
Crypto CFDs
Stocks CFDs
FCA, CySEC, FSCA, IFSC
Regulation
$5
Minimum Deposit
Crypto CFDs
Stocks CFDs
FCA, CySEC, ASIC
Regulation

MetaTrader 5 Brokers

MT5 is a successor to MT4. It has a number of enhancements on MT4, including support for a greater range of markets. Its other enhancements include more technical indicators, graphical objects and time frames, an expanded range of order types, an economic calendar and a different (and arguably clearer) layout. While MT5 is a successor to MT4, it is not currently a replacement, as MT4 is widely used and supported by brokers and traders and has a range of plug-ins which can add features, including those seen on MT5.

Discretionary and automated trading support

Like MT4, MT5 supports both discretionary trading, via its charting tools for example, and automated trading.

Depth of market

MT5 has depth of market as standard. It can be chosen from the drop down menu and added to the platform for a selected market. Depth of market shows the bids and asks currently available closest to the market. This can be helpful when placing orders, as it can show availability at a range of price levels. It has a chart view as well as a table view. For liquid Forex pairs, this information can change rapidly.

Expanded market availability

MT5 may have more markets than MT4, if a broker offers both platforms. This is because it is built to support a wider range of markets.

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