While being put aside for a long time from its “Little Brother” MetaTrader 4, today we registered a surge in interest towards MetaTrader 5.
Born as a successor of the evergreen MT4, this lighter and easy to use trading platform is starting to get more and more attention from traders worldwide. Developed by MetaQuotes, a leading financial trading software developer company, MT5 has been written in MQL (MetaQuotes Language) programming language. This detail is particularly important because this language has been successfully used during the last years to develop many automated robots extremely useful for fast and automatic trading strategies.
As a matter of fact, this MQL version is an updated version of the one present in MT4, which makes all the bots and scripts written with the outdated version not available on MT5. And this is one of the reasons why MetaTrader 5 never took off like MetaTrader 4 at the start.
Top 2 Brokers For MetaTrader 5
To perform optimally on a trading platform such as MetaTrader 5, you’ll have to find the right broker for your strategy.
As of today, there are many brokers out there, but not all of them will fit for your purposes. Actually, some of them may even be dangerous for your finances. In order to avoid scams and fraudulent schemes, we decided to pick for this list regulated brokers only.
So, who’s the best broker metatrader 5 you ask?
These are our two picks.
1) Admiral Markets
This brokerage service was founded originally in Russia and offers an astonishing amount of financial instruments and tools for trading.
With a small deposit of only $100 (or equivalent) you’ll have access to all of their services and many financial markets to invest into, which comprehend:
- FX Pairs
- Indices
- Shares
- Bonds
- Commodities
- Crypto
Admiral Markets is available in many regions across the world, in both hemispheres, and gives you access to many different trading platforms, MT5 included.
BASIC INFO
- Regulated by: FCA, MIFID-ESMA, ASIC, CYSEC
- Trading Platforms Available: MT4 Desktop, MT4 Web, MT5 Desktop, MAC Platforms
- Leverage: yes
- Minimum Deposit Required: $100
2) AvaTrade
A real titan in the forex broker industry, AvaTrade is one of the best choices in terms of brokers if you’re interested in MT5.
Similar to our top pic, you can have access to their services with a very small deposit of $100, which can be made with a wire transfer, a credit card or through the usage of an E-Wallet.
With AvaTrade, you have different account types to choose from such as:
- Retail Account
- Options Trading Account
- Spread Betting Account
- Islamic Account
Additionally, there is also the possibility of using a demo account for those who never tried MetaTrader 5 or AvaTrade services in general, which includes many other trading platforms which may reveal to be useful in the future.
BASIC INFO
- Regulated by: FSA, MIFID-ESMA, ASIC, IIROC, FSCA, Offshore, FSC (British)
- Trading Platforms Available: Mirror Trader, ZuluTrade, MT4 Web, MT5 Web, Proprietary Web Platform, MAC Platforms
- Leverage: yes
- Minimum Deposit Required: $100
