For Forex traders, which trading platform they use is one of the most important decisions they can make, and most traders opt for MetaTrader 5 (MT5). MetaTrader 5, is the successor to the widely used MetaTrader 4 (MT4), which is credited with kickstarting the retail Forex trading revolution. Although MT4 remains popular for its simplicity and large community support, MT5 has gained ground in recent years for its wider range of features, faster execution, and broader asset support.
Unlike MT4, which is mostly limited to Forex, MT5 allows traders to access a wider range of instruments including stocks, indices, and commodities. It also comes equipped with more technical indicators, additional timeframes, an integrated economic calendar, and advanced order types. These improvements make MT5 particularly suitable for traders seeking multi-asset exposure and more sophisticated trading capabilities.
Our team of specialists has evaluated and ranked the top 10 MT5 brokers in 2025, based on a combination of platform quality, regulation, pricing, and overall user experience. Whether you’re just starting out or are an experienced trader, the following list presents globally trusted MT5 brokers that combine security with performance.
FP Markets
FP Markets stands out for offering over 60 currency pairs, ranging from major pairs like EUR/USD and USD/JPY to minor pairs and exotics. Their Raw Account offers spreads as low as 0.10 pips on EUR/USD. Features such as negative balance protection and Islamic accounts further enhance the appeal for traders seeking flexibility and security.
AvaTrade
AvaTrade provides an attractive environment for new and intermediate traders. The broker offers a user-friendly experience with average spreads of 0.90 pips on EUR/USD and a maximum leverage of up to 400:1 for eligible regions. While no longer regulated by the South African FSCA, AvaTrade remains licensed under multiple respected international regulators, ensuring compliance and trader protection across jurisdictions.
HFM (HotForex)
Now operating globally under the HFM brand, HotForex grants access to 53 forex pairs including majors, minors, and more volatile exotics. The broker’s Zero Account delivers competitive pricing, including spreads of 0.10 pips on EUR/USD and 0.30 pips on USD/JPY, paired with a modest commission per lot. With multi-jurisdictional regulation and strong educational support, HFM remains a popular choice for global traders.
Pepperstone
Pepperstone offers an impressive 100+ currency pairs—more than most brokers—and is widely recognized for its fast execution and reliable trading infrastructure. The Razor Account delivers tight spreads (as low as 0.17 pips on EUR/USD) and a transparent commission model. With regulation from top-tier authorities such as the FCA and ASIC, Pepperstone appeals especially to algorithmic traders and those who prioritize execution speed.
IC Markets
IC Markets consistently ranks among the best brokers for MT5 users seeking raw spreads and fast order execution. With over 60 available forex pairs, spreads from 0.02 pips on EUR/USD, and a commission of $3.50 per lot, it offers some of the most competitive trading conditions globally. It is also a favorite among scalpers and expert advisor (EA) users thanks to its no-requote policy and tier-one regulation from ASIC and CySEC.
Exness
Exness has established itself as a broker offering exceptional flexibility and a broad product range, including more than 100 forex pairs. Its raw accounts can deliver spreads near zero, with major pairs such as EUR/USD and USD/JPY frequently quoted at 0.00 pips. Although it provides high leverage, the broker remains regulated in multiple jurisdictions, making it a compelling option for both retail and professional clients.
FBS
FBS offers a smaller range of 37 currency pairs, but it compensates with high leverage options—up to 3000:1 for qualified accounts—and competitive ECN pricing. On its MT5 platform, FBS provides spreads starting from 0 pips on EUR/USD and low commission costs, making it particularly appealing to high-risk tolerance traders operating in flexible regulatory environments.
XM
XM brings over 55 forex pairs to the table along with leverage options that reach up to 1000:1, depending on the region. Its Ultra Low Account incorporates trading costs into the spread, eliminating commissions while maintaining tight pricing. With global licenses and a longstanding reputation for transparency, XM continues to be a solid choice for MT5 users.
Markets.com
Markets.com provides 66 forex pairs and a proprietary trading platform in addition to MT5. Spreads typically start at 0.60 pips for EUR/USD and remain competitive across majors and minors. The broker offers a solid regulatory foundation under entities like the FCA and CySEC, combined with strong research tools and integration of trading signals.
FxPro
Rounding out our list, FxPro offers more than 70 currency pairs and supports a wide range of platforms including MT5, MT4, and cTrader. Though leverage may be lower than other brokers due to stricter regional oversight, FxPro remains globally regulated and respected for its trade execution quality and platform diversity.
Final Thoughts
Choosing the best MT5 broker depends not only on pricing and spreads but also on regulatory safeguards, platform support, and trading conditions aligned with individual needs. Brokers like IC Markets and FP Markets lead the pack in terms of execution speed and low-cost trading, while platforms such as Pepperstone and AvaTrade excel in user experience and regulatory coverage.
In an increasingly competitive trading environment, MT5 offers the features and flexibility traders need to succeed. Whether you’re focused on raw spreads, algorithmic strategies, or positional trading, one of these brokers will provide the platform and security to support your goals.
