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Best Forex Broker MetaTrader 5 to Start Your Trading Journey
Indices are measures to track the performance of a group of financial assets. Discover how to start indices trading with examples and its key benefits.
Metatrader 5 is a global platform for buying and selling currencies on foreign exchange. Almost every forex trader has an account on this platform.
Besides buying and selling currency, traders can organize technical analysis, backtest their strategies, get forex signals, develop trading systems, and use different robot automated tools.
MetaTrader 5 has a large global community of traders. Thus, people look for a forex broker that is friendly with MT 5 and supports the trading platform. So, in this blog, we will discuss the best Mt 5 forex broker platform to efficiently trade in currencies.
5 Best MT5 Forex Brokers
Forex.com
If you are a new trader looking for a beginner-friendly platform with educational resources and MT5 integration, then forex.com is the right choice. The broker claims to offer an extensive range of tools, market research, tight spreads, different account types, and ultra-fast execution. Traders can access 500-plus CFD products, including forex, stock, indices, cryptocurrencies, commodities, and other markets.
The broker offers a wide range of expert advisors, Reuters News, and free VPS hosting. The platform stands out in the list due to its educational resources. You can find numerous articles, courses, audio and video tutorials. So, beginners who want to learn about the market can surely go for this platform.
Blackbull Markets
Blackbull is another leading forex broker platform that has integrated MetaTrader 5. The platform allows traders to use a range of technical analysis and automated trading tools of MT 5. Traders can use MT5 on the desktop, app, or even on the web with this broker.
Traders can get access to over 26,000 financial instruments on the platform. The leverage facility is also good with the broker; you can get a leverage of up to 1:500. The process for using the broker with MT 5 is quite easy, and all the steps are clearly available on the website.
Blackbull can be the right option for all sorts of traders using different trading platforms. You can find MetaTrader 4, MetaTrader 5, Trading View, Metatrader web access, Blackbull Invest, and a range of trading tools.
Tickmill
Tickmill can be a good option when looking for the best MT5 Forex brokers. The brokers offer products like forex, stocks, indices, cryptocurrencies, commodities and bonds. It provides access to more than 38 indicators, 21 time frames, 44 analytical objects, and multiple charts. In addition, traders can use multiple pending order types on the platform.
Tickmill clearly mentions the MT5 features and its support on the website. Traders can even find comparisons in broker features with MT4 and MT5. So, traders can visit the website and compare and analyze features. It will help them in selecting the best considering their requirement.
Pepperstone
Pepperstone is a popular choice for trading in financial assets, especially in forex trading. The broker offers advanced trading tools for MT5 users. It has integrated with many third-party platforms to provide clients with all they need at a single destination. C-Trader, Autochartist, C Trader Automate, API trading, and algorithmic trading are key integrations you can get access to with Pepperstone.
The broker offers a range of currency pairs, major indices, numerous stocks, various cryptocurrencies and many other assets. In addition, it claims to provide deep liquidity, raw spreads and Fast execution. Traders can even get access to live market news, educational articles and training resources on the platform.
Beirman Capital
With over 10 years of experience and around 250 plus financial instruments, Beirman Capital is the best MT 5 Forex Broker platform. Apart from MT5, Beirman Capital supports a number of other trading platforms.
Traders can get a range of automated tools and forex robots on the platform. As far as the liquidity is concerned, you can experience significant liquidity throughout the day. The currency spreads are tight, and the trade commissions are competitive.
It can be a good option for forex traders. Apart from forex, you can trade in commodities, stocks, forex indices, and many other financial instruments. The broker also provides a demo account facility, so you can even try the demo account features first and then go for a real account.
Conclusion
MetaTrader 5 is amongst the most popular with innovative features. Thus, it is a must that your broker support MT5 and have features that are suitable for the trading platform.
So, before subscribing to broker services, check whether your broker is MT5-friendly or not. If you have trouble selecting the right broker, you can go for any of the platforms from our best MT5 Forex broker list.
You can even try the demo account facility and see whether the broker efficiently supports the functions and features of your broker platform. The trading platform and broker are crucial parts of your trading journey. So be vigilant while selecting both these platforms and test their suitability with each other.
FAQs
What is a MetaTrader 5?
Metatrader 5 is a global platform for buying and selling currencies on foreign exchange. Traders can organize technical analysis, backtest their strategies, get forex signals, and use different robot automated tools on this platform.
Which are the best MT5 forex brokers?
Pepperstone, Tickmilll, Blackbull, Beirman Capital and Forex.com are some of the best Metatrader 5 Forex brokers.
Is MetaTrader a forex broker platform?
No, Meta Trader is not a forex broker platform. It is a forex trading platform where you can track the live market and execute the trade.
What is the minimum deposit to trade on MT5?
A trader at least has a minimum deposit of $100 to start trading on Meta Trader 5.
Which MetaTrader platform should you use?
Both MetaTrader 4 and MetaTrader 5 are good for trading in forex. However, MT5 is an improved version, and you can get many additional features.