Best MetaTrader (MT5) Forex Brokers (TOP 10) in 2021
Best MetaTrader (MT5) Forex Brokers (TOP 10) in 2021

Best MetaTrader (MT5) Forex Brokers (TOP 10) in 2021

MetaTrader 5 or MT5 is a new trading platform developed by MetaQuotes. In using this platform, users can trade multiple assets, including Forex, Stocks, Futures, Commodities, etc. MT5 is considered a newer version of MT4. MT5 came into existence in 2010 and is equipped with superior tools and in-depth price analysis features. In addition to having all the features and tools that are available in MT4, the latest version of MT5 has other options, like hedging that provides an option for traders to go long or short in multiple positions in a given financial instrument.

The modern-look and highly useful analytical tools make MT5 an attractive choice for all kinds of traders. Therefore, it is not surprising that a majority of brokers these days provide MT5 as a trading platform options for their users. Here, we are listing the best MT5 forex brokers there are in 2021.

BEST METATRADER (MT5) FOREX BROKERS 2021

1. XM

The online trading services of XM are suitable for seasoned traders and beginners alike. The broker provides a demo account for those that are starting in the market and still learning the basics of the trade. Some of the highlights of XM include fast order executions, no commission or hidden fees, auto trading, etc. XM serves clients in more than 196 countries and has more than 1.5 million clients to date. The company takes a lot of pride in having a personalized approach and providing excellent customer support for each client, irrespective of his/her goals. XM offers clients two trading platforms – MT4 and MT5; both of which are accessible for demo and real accounts.

Pros:

  • Easy and fast account opening
  • No withdrawal fee
  • Outstanding educational tools
  • Low minimum deposit
  • Price alerts
  • Cons:
  • Inactivity fee

2. HOTFOREX

HotForex came into existence in 2010 and has expanded rapidly since then to cover more than 100 countries. In the UK, its activities are overseen and regulated by FCA. HotForex also has licenses to operate in countries like the UAE, South Africa, St. Vincent and Grenadines, and Cyprus. The company has received several industry awards for offering clients different asset classes, including cryptocurrencies, currency pairs, and equities. With HotForex, there is trading compatibility with MT4 and MT5 platforms for all kinds of devices. Furthermore, the broker has in its kitty a proprietary app that allows traders to perform technical analysis, make a watchlist of tradable assets, etc.

Pros:

  • Low trading costs
  • Proprietary copy trading platform
  • Unlimited trial
  • Free deposit and withdrawal
  • An account can be opened for as little as $5

Cons:

  • No social trading features

3. EXNESS

Exness is an experienced and reliable online trading services provider that was founded in 2008. It now has more than 60,000 active traders on its platform belonging to different countries. Its activities are regulated by various financial authorities, including CySEC and FCA. Exness is known to offer a wide variety of financial instruments and trading account types to suit the different strategies of traders. With Exness, traders can look forward to being a part of a trading environment that is streamlined and secure. The support services of Exness are available in 13 languages.

Pros:

  • Regulated by FSA, CySEC, and FCA
  • Multiple accounts available
  • Fixed spreads available
  • 24/7 customer support
  • Fast deposit and withdrawal process

Cons:

  • Clients from countries like the US and Israel are not accepted

4. ROBOFOREX

This online forex broker provides an impressive and reliable selection of platforms, including MT4 and MT5 for traders to try out their luck on the market. Came into existence in 2009, RoboForex is based in Belize and is regulated by IFSC. Currently, RoboForex offers its services over 4 trading platforms, 2 investment platforms, and over 12,000 trading instruments spread across 8 asset classes. The company has a global presence and is known to deliver personalized solutions to clients, from crypto deposits, to copy trading. Thanks to its high reputation and excellent service, RoboForex has been able to serve more than 3 million live accounts since it opened doors for trading.

Pros:

  • Quick account registration
  • Big choice of trading instruments
  • Support in multiple-languages
  • Special accounts with interesting offers
  • Different methods for deposits and withdrawals

Cons:

  • Choice of trading instruments is limited

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