How MetaTrader 5 Works
MetaTrader 5 is a multi-asset trading platform developed to provide access to different financial markets from a single account. It supports forex, stock exchanges, indices, metals, and cryptocurrencies, giving users a broad set of trading opportunities. MT5 was built as an upgraded version of MetaTrader 4, with faster processing, improved charting tools, and additional order types.
Unlike its predecessor, MT5 allows traders to use multiple positions per instrument and access more timeframes — 21 instead of 9. It also includes an integrated economic calendar, advanced algorithmic trading features, and better backtesting options for Expert Advisors (EAs).
Top MetaTrader 5 Brokers in 2025
Choosing a reliable MT5 broker in 2025 depends on regulation, execution speed, spread size, and available assets. Below is a comparison table summarizing the main criteria before diving into detailed descriptions.
| Commision | Instruments | Min Dep | Leverage | Platforms | ||
|---|---|---|---|---|---|---|
 XM Group | No commission, spreads from 0.6 pips | Forex Stocks Commodities Indices | $5 | Up to 1:1000 | MT4 MT5 | |
 IC Markets | Low commission on Raw Spread accounts | Forex Commodities Indices Crypto | $200 | Up to 1:500 | MT4 MT5 cTrader | |
 Pepperstone | No commission, spreads from 0.0 pips | Forex Commodities Indices Crypto | $200 | Up to 1:500 | MT4 MT5 cTrader | |
 Admiral Markets | No commission, spreads from 0.1 pips | Forex Stocks Indices Crypto CFDs | $100 | Up to 1:500 | MT4 MT5 MetaTrader Supreme Edition | |
 FP Markets | From 0.0 pips (ECN) | Forex Crypto Indices | $100 | 1:500 | MT4 MT5 cTrader | |
 Octa | No commission, spreads from 0.6 pips | Forex Commodities Indices Crypto | $25 | Up to 1:500 | MT4 MT5 OctaTrader |
XM
XM
XM is one of the most established MT5 brokers, known for transparent pricing and fast execution. It offers over 1,000 trading instruments including forex, CFDs on stocks, and commodities. Spreads start from 0.6 pips, and accounts can be opened with as little as $5. The broker supports both hedging and scalping, and MT5 is available on all devices, from desktop to mobile.
Why XM Stands Out:
- Licensed by top regulators (ASIC, CySEC, IFSC)
- User-friendly MT5 interface with full multilingual support
- Instant order execution with minimal requotes
- Access to research tools and educational materials
IC Markets
IC Markets
IC Markets is a globally recognized ECN broker offering direct market access with tight spreads and fast execution. MT5 users benefit from institutional-grade liquidity, making it suitable for algorithmic and high-frequency traders.
Key Advantages:
- Average EUR/USD spread of 0.1 pips
- Compatible with MQL5 trading robots and scripts
- Supports VPS hosting for professional trading setups
- Offers leverage up to 1:500
Pepperstone
Pepperstone
Pepperstone has earned a solid reputation among MetaTrader 5 users thanks to its institutional-grade trading conditions. The broker focuses on delivering ultra-fast execution and deep liquidity access, which makes it a preferred choice for algorithmic and professional traders. MT5 accounts on Pepperstone include access to over 1,200 instruments such as forex pairs, indices, shares, and commodities.
Main Characteristics:
- Regulated by ASIC, FCA, and DFSA
- Execution speed averaging under 30 milliseconds
- Raw account spreads from 0.0 pips
- Multiple funding options with no deposit fees
Pepperstone integrates seamlessly with MT5’s Expert Advisors and copy trading features, allowing users to automate or mirror trading strategies. Its transparent fee structure and high uptime reliability make it ideal for traders who value precision and efficiency.
Admiral Markets
Admiral Markets
Admiral Markets (now Admirals) combines advanced technology with extensive market coverage. MT5 users can trade forex, CFDs on indices, stocks, bonds, and ETFs with a single account. The broker emphasizes analytical resources and offers integrated tools like Trading Central and MetaTrader Supreme Edition.
Core Features:
- Regulated by FCA, ASIC, and CySEC
- Access to educational webinars and analytical reports
- Spreads starting from 0.5 pips
- Free demo and Islamic accounts available
Admiral Markets ensures a smooth experience on MT5 with enhanced add-ons for charting, market sentiment indicators, and one-click trading. It is particularly popular among traders who rely on technical analysis and data-driven decisions.
FP Markets
FP Markets
FP Markets is another reputable MetaTrader 5 broker recognized for its stability and transparent execution. It delivers a trading environment suited to both manual and automated strategies. The broker offers access to forex, indices, commodities, and equities through tight spreads and fast order processing.
FP Markets is another reputable MetaTrader 5 broker recognized for its stability and transparent execution. It delivers a trading environment suited to both manual and automated strategies. The broker offers access to forex, indices, commodities, and equities through tight spreads and fast order processing.
Key Data
| Feature | Details |
| Regulation | ASIC, CySEC |
| Minimum Deposit | $100 |
| Spreads | From 0.0 pips |
| Execution Model | ECN |
| Leverage | Up to 1:500 |
FP Markets integrates MT5’s advanced features with deep liquidity and minimal latency. The platform’s customizable interface and in-depth reporting tools make it a practical solution for traders managing multiple strategies at once.
Octa
Octa
Octa (formerly OctaFX) has gained popularity due to its simple setup, fast order processing, and strong educational support for users of MetaTrader 5. It offers access to forex, commodities, indices, and cryptocurrencies, with both fixed and floating spreads available.
Main Parameters:
- Regulated by CySEC
- Minimum deposit of $25
- Supports MT5 mobile and web platforms
- Spreads starting from 0.6 pips
Octa focuses on accessibility and ease of use. It’s a good fit for traders who prefer moderate risk, low entry requirements, and straightforward account management. MT5’s integrated analytics and one-click trading simplify order handling and allow for efficient decision-making.
How to Choose the Right MT5 Broker
Selecting the most suitable MetaTrader 5 broker requires evaluating several key factors related to safety, costs, and trading experience. Below is a structured list to help traders make a rational choice:
- Regulation and Licensing – Always check if the broker operates under reputable authorities like ASIC, FCA, or CySEC.
- Spreads and Commissions – Compare total trading costs, including swaps and overnight fees.
- Execution Speed – Faster execution reduces slippage, especially for scalpers and algorithmic traders.
- Deposit and Withdrawal Options – A variety of secure payment methods ensures smooth fund management.
- Platform Stability – Test the broker’s MT5 server reliability and downtime history.
- Customer Support Quality – Evaluate response speed and technical knowledge, even though support shouldn’t replace personal research.
- Educational Tools – Brokers offering webinars, analysis, and demo accounts are preferable for continuous learning.
MT5 vs MT4 – What’s the Difference?
MetaTrader 5 was developed as a more sophisticated upgrade of MetaTrader 4. While both remain popular, MT5 introduces several improvements suited for modern trading requirements.
Main Technical Differences
| Feature | MetaTrader 4 | MetaTrader 5 |
| Programming Language | MQL4 | MQL5 (faster, object-oriented) |
| Timeframes | 9 | 21 |
| Order Types | 4 | 6 |
| Built-in Economic Calendar | No | Yes |
| Market Depth (DOM) | No | Yes |
| Hedging & Netting | Hedging only | Both systems |
| Multi-Asset Trading | Forex only | Forex, stocks, commodities, crypto |
Performance and Usability
MT5’s processing speed and architecture make it more efficient for multi-asset trading and automation. It supports partial order filling, improved reporting, and expanded charting capabilities. However, MT4 is still widely used by traders who prefer simplicity and custom indicators built over the years.
In 2025, most new brokers and institutional traders have transitioned to MT5 due to its scalability and compatibility with advanced trading tools.
Tips for New MetaTrader 5 Users
Transitioning to MetaTrader 5 can be smooth with a structured approach. The platform’s versatility allows beginners to learn quickly while professionals can automate and analyze more deeply.
- Start with a Demo Account – Practice different instruments and learn order management without risking funds.
- Customize the Interface – Arrange chart windows, timeframes, and indicators according to personal workflow.
- Use Templates – Save chart setups and indicator combinations to improve efficiency.
- Learn Hotkeys – MT5 includes shortcuts for opening, closing, and modifying orders quickly.
- Monitor the Economic Calendar – Combine fundamental and technical analysis for better timing.
- Explore Expert Advisors (EAs) – Test algorithmic systems in demo mode before deploying them on live accounts.
- Keep Trading Journals – Record strategies, results, and emotional notes to refine decisions.
Frequently Asked Questions
Is MetaTrader 5 free to use?
Yes, the platform itself is free. However, brokers may charge commissions or spreads depending on the account type.