30 Best MetaTrader 5 Forex Brokers

Table of Contents

30 Best MetaTrader 5 Forex Brokers

The multi-asset MetaTrader 5 platform enables the trading of cryptocurrencies, stocks, futures and Forex. For a next-generation trading experience, choosing one of the 30 Best MetaTrader 5 Forex Brokers is highly recommended.

MetaTrader 5 is a popular platform amongst successful traders because It provides innovative trading tools to enable comprehensive price analyses, access to advanced algorithmic trading applications, such as Expert Advisors, and facilitates copy trading. 

Fortunately, most Forex brokers who are compatible with MetaTrader 5, are also regulated by trusted financial institutions and organizations.

MetaTrader 5 is one of the prominent trading platforms in the world and is trusted by many popular Forex brokers to provide a full range of trading and analysis tools, trading signals, charts and algorithmic trading solutions to their clients.

The Forex brokers reviewed in this article facilitate the trading of the most common instruments and assets, and they are regulated and registered with international organizations – making them reliable, transparent and secure.

 

Avatrade

AvaTrade

 

Since 2006, AvaTrade has accumulated over 200,000 active traders from around the world and has recorded a monthly trading transaction volume of 2 million.

AvaTrade provides a user-friendly mobile trading platform and a great selection of educational content, including videos, tutorials and eBooks.

AvaTrade offers a variety of proprietary platforms, along with AvaSocial and AvaOptions.

AvaTrade is regulated in more than 5 jurisdictions by 7 internationally recognised financial bodies.

 

Pros and Cons of AvaTrade:

✔️Pros ❌Cons
Quick and easy to open an account Service not offered to US
Deposits and withdrawals are free Telephonic customer support seems lacking
Great educational materials US citizens cannot use AvaTrade
Highly regulated

 

Minimum Account Features of AvaTrade:

Minimum Initial deposit to start trading $100
Account base currencies AUD, EUR, USD, GBP, CHF
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes

 

XM

XM

XM is regulated by CySEC, ASIC, DFSA and IFSC, and has received more than 20 rewards since its inception in 2009.

More than 5 million traders have invested in XM and services are offered to clients from 196 countries globally.

XM offers more than 1,000 trading instruments and access to 16 different platforms.

When opening a live account, users get a $30 sign up bonus.

XM is beginner-friendly and offers an extensive range of educational materials, along with a set of advanced trading and analysis tools for more experienced traders.

 

Pros and Cons of XM:

✔️Pros ❌Cons
User-friendly website Fixed spreads not offered
Compatible with many different platforms Not available to US clients
Negative Balance Protection Inactivity is penalised
Promotions and sing up bonuses

 

Minimum Account Features of XM:

Minimum Initial deposit to start trading $5-$100
Account base currencies USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No

 

FXTM

FXTM

FXTM is a regulated and licensed broker that has been in the online trading industry since 2011, earning the trust of over 2 million traders since its inception.

FXTM offers three account types, tailored to the needs of different trading requirements, along with flexible leverage and tight spreads on all accounts.

FXTM provides trading solutions to clients in more than 100 countries and facilitates Copy Trading, with over 5,000 strategies to choose from.

FXTM provides a variety of trading and research tools, along with a comprehensive library of educational content for new traders or experienced traders who would like to refine their skills.

 

Pros and Cons of FXTM:

✔️Pros ❌Cons
Tight spreads No US clients allowed
Fast trade execution  Penalty fees for inactive users
Option to start trading with $10

 

Minimum Account Features of FXTM:

Minimum Initial deposit to start trading $10-$500
Account base currencies USD, EUR, GBP, NGN
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes

 

FP Markets

FP MarketsFP Markets supports a variety of major base currencies for the funding of accounts and offers two flexible accounts, along with Islamic accounts, with tight spreads and zero to low commission fees.

The accounts provided by FP Markets are compatible with Expert Advisors and  VPS (Virtual Private Server) is available.

Clients have access to a variety of trading resources, including educational material, economic calendars, trading calculators, and analysis and research tools.

FP Markets is compatible with several popular platforms, and also accommodates Social and Copy trading.

 

Pros and Cons of FP Markets:

✔️Pros ❌Cons
10 Base currencies supported Withdrawal fees
Great product offering No fixed spreads
Commission-free account offered

 

Minimum Account Features of FP Markets:

Minimum Initial deposit to start trading $100
Account base currencies EUR, GBP, USD, AUD, CAD, SGD, HKD, JPY, NZD, CHF
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No

 

Alpari

Alpari

 

With over 20 years of experience in the Forex trading industry, Alpari is trusted by more than 2 million active traders and is regulated by the Financial Services Commission.

Alpari clients can choose between two categories of trading accounts, namely ECN and Standard (along with swap-free and demo accounts), and there are 4 account types to choose from in total.

Alpari facilitates Copy Trading and employs strategy managers to ensure the success of their clients.

Alpari has dedicated a section of the website to education new traders by providing a variety of webinars, guides and strategies.

 

Pros and Cons of Alpari:

✔️Pros ❌Cons
Wide variety of products Only 4 base currencies supported
Supports Copy Trading Only regulated by FSC
Flexible account types Clients from Japan, Russia and USA cannot use Alpari
Massive client base

 

Minimum Account Features of Alpari:

Minimum Initial deposit to start trading $100
Account base currencies USD, EUR, GBP, NGN
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No

 

GO Markets

GO MarketsGO Markets is an Australian CFD and Forex broker that was established in 2006 and has been awarded for customer service, accounts offered and educational content provided.

GO Markets is regulated by the FSC, ASIC and AFSL, and offers more than 600 tradable products.

Clients have the option of choosing from two account types, which both offer tight spreads, a maximum leverage of 1:500 and allow scalping and hedging.

GO Markets offers exciting partnership opportunities and welcomes new traders by providing a variety of educational resources from the website’s Forex Education Centre.

 

Pros and Cons of GO Markets:

✔️Pros ❌Cons
Great educational content No Islamic account
Beginner-friendly  Penalty fee for inactivity after 3 months
More than 5 base currencies supported

 

Minimum Account Features of GO Markets:

Minimum Initial deposit to start trading $200
Account base currencies AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD
Swap-free accounts No
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes

 

IG

IG

 

IG was launched in 1974 as an award-winning CFD and Forex broker with more than 300,000 clients, and offers access to more than 17,000 international markets.

IG provides premium services for professional traders and facilitates corporate, institutional and retail trading.

IG is compatible with MetaTrader platforms and ProRealTime, and supports API and algorithmic trading.

IG has a dedicated trading academy that offers online courses, live webinars and demo accounts for new traders.

 

Pros and Cons of IG:

✔️Pros ❌Cons
Exceptional web platform Product portfolio needs more options
Great educational tools Phone support could be better
Low trading fees

 

Minimum Account Features of IG:

Minimum Initial deposit to start trading $250
Account base currencies USD, GBP, AUD, EUR, SGD, HKD.
Swap-free accounts No
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes

 

easyMarkets

easyMarketseasyMarkets was founded in 2001 with the purpose of giving all individuals access to online trading markets.

easyMarkets is regulated by CySEC, ASIC, and FSA and client funds are held in segregated accounts in top-tier banks and financial institutions.

easyMarkets offers an exceptional library of educational content and accommodates beginners and experienced traders respectively.

Clients are given access to a variety of unique trading tools and features, such as dealCancellation, Freeze Rate and easyTrade.

Account types offered by easyMarkets include Standard, Premium and VIP accounts. Each account offers a personal account manager, negative balance protection, and daily analysis emails.

 

Pros and Cons of easyMarkets:

✔️Pros ❌Cons
19 base currencies supported Not available to US citizens
Low minimum deposit required
Flexible account types

 

Minimum Account Features of easyMarkets:

Minimum Initial deposit to start trading $25
Account base currencies EUR, CAD, CZK, JPY, NZD, USD, SGD, CHF, GBP, MXN, AUD, PLN, TRY, CNY, HKD, NOK, SEK, ZAR, BTC
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes

 

Global GT

Global-GT

 

Global GT offers 5 flexible account types that are designed according to the needs of different traders. These accounts offer tight spreads and negative balance protection, with 8 supported base currencies and swap-free accounts on each type.

Promotions offered by Global GT include a signup bonus of 60% on the first deposit, as well as a 30% loyalty deposit bonus. 

Global GT is regulated by the FSA and FSCA.

 

Pros and Cons of Global GT:

✔️Pros ❌Cons
Multiple account types High minimum deposit required
Negative balance protection Lacking support via live chat 
Demo account for each type of account

 

Minimum Account Features of Global GT:

Minimum Initial deposit to start trading $1,000
Account base currencies BTC, ETH, USDT, ADA, XRP, EUR, USD, ZAR
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes

 

CMC Markets

CMC Markets

CMC Markets is an award-winning, FCA-regulated Forex and CFD broker with more than 3 decades of experience in the industry.

CMC Markets has 13 offices situated around the world and is trusted by more than 300,000 traders globally.

Account types offered by CMC Markets include a Spread Betting account, a CFD account and a Corporate account. 

All accounts provided by CMC Markets have negative balance protection and can be funded with 10 base currencies, depending on which type of account is chosen.

CMC Markets welcome new beginners through a variety of in-depth educational content, such as trading guides and articles, that are written specifically for each category of trading.

 

Pros and Cons of CMC Markets:

✔️Pros ❌Cons
More than 300 Forex pairs USD cannot be used on Spread Betting account
Tight spreads on all accounts Penalty fees for inactivity
Comprehensive educational library

 

Minimum Account Features of CMC Markets:

Minimum Initial deposit to start trading $0
Account base currencies GBP, EUR, USD, AUS, CAD, NOK, NZD, PLN, SEK, SGD
Swap-free accounts No
Demo accounts Yes
VIP, Referral Program or Active Trader  No

 

FxPro

FxProFxPro is amongst the leaders in the Forex industry, with nearly 2 million trading accounts opened since its inception in 2006.

FxPro is regulated by CySEC, FCA, FCA and SCB, and its headquarters are based in the UK.

FxPro offers a single account that supports multiple base currencies and which can be used as a swap-free account, a demo account or a micro account.

FxPro provides a platform where more than 260 instruments across 6 asset classes can be traded, and a live account can be activated with only $100.

 

Pros and Cons of FxPro:

✔️Pros ❌Cons
Highly regulated Only 1 account type offered
8 Base currencies Inactivity fee charged
Supports Copy trading and Social trading

 

Minimum Account Features of FxPro:

Minimum Initial deposit to start trading $0
Account base currencies EUR, USD, GBP, CHF, PLN, AUD, JPY, ZAR
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No

 

Pepperstone

PepperstonePepperstone is a regulated CFD and Forex broker that was founded in 2010 in Australia and is regulated by CySEC, ASIC, SCB, CMA, FCA and BaFin.

Pepperstone is trusted by more than 300,000 clients globally and processes an average of $9.2 billion on a daily basis.

Pepperstone offers one flexible account that can be used with MetaTrader 4 and 5, as well as cTrader, and it can be used to trade with more than 1,200 instruments in global markets.

Pepperstone welcomes beginners by providing a variety of helpful educational resources, including trading guides and webinars.

 

Pros and Cons of Pepperstone:

✔️Pros ❌Cons
Regulated in several jurisdictions Only one account types
Good customer service experience Educational content is somewhat lacking
Great product portfolio

 

Minimum Account Features of Pepperstone:

Minimum Initial deposit to start trading $200
Account base currencies AUS, USD, SGD, HKD, JPY, NZD, EUR, CHF, GBP
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes

 

ThinkMarkets

ThinkMarketsThinkMarkets was founded in 2010 and is regulated by the ASIC, FSCA and FCA. After receiving multiple awards over the years, ThinkMarkets has earned its place amongst the leaders in the Forex industry.

ThinkMarkets offers 2 account types, along with the option to use an Islamic account, and charges no withdrawal or deposit fees.

ThinkMarkets provides a comprehensive library of educational material and accommodates traders who are new to the markets, assisting them along the way with webinars, guides and glossaries.

 

Pros and Cons of ThinkMarkets:

✔️Pros ❌Cons
Great research tools Only 3 base currencies
Zero-commission account Penalty fee charged for inactivity
No minimum deposit required

 

Minimum Account Features of ThinkMarkets:

Minimum Initial deposit to start trading $0
Account base currencies USD, GBP, EUR
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No

 

Blueberry Markets

Blueberry Markets

Blueberry Markets was founded in 2016 by Dean Hyde, the former executive of AxiTrader, and is regulated by the ASIC and SCB.

Blueberry Markets offers 2 account types with tight spreads and more than 300 tradable instruments.

The Blueberry Markets referral program rewards existing clients with $100 for every friend that joins and provides a free Forex VPS to improve user experience.

 

Pros and Cons of Blueberry Markets:

✔️Pros ❌Cons
Free VPS Educational content is lacking
6 base currencies  No Islamic account
No withdrawal fees

 

Minimum Account Features of Blueberry Markets:

Minimum Initial deposit to start trading $100
Account base currencies AUD, EUR, GBP, NZD, SGD, USD
Swap-free accounts No
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes

 

Forex.com

Forex.comForex.com was founded in 2001, operating as part of the StoneX Group, and has a total equity capital of $800 million.

Forex.com is regulated by the FCA, IIROC, CFTC and ASIC, and holds international trading licenses in multiple jurisdictions.

Forex.com offers 3 flexible account types that offer tight spreads and access to research and trading tools, market news and analysis, and a variety of educational content.

 

Pros and Cons of Forex.com:

✔️Pros ❌Cons
Cash rebates for high-volume trades Not a CySEC-regulated broker
Great range of research tools Inactivity is penalised
Withdrawals and deposits are free

 

Minimum Account Features of Forex.com:

Minimum Initial deposit to start trading $50
Account base currencies EUR, GBP, USD, AUD, CHF, JPY
Swap-free accounts No
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes

 

Swissquote

SwissquoteSwissquote was founded in 1996 as a licensed multi-asset financial provider that specializes in Forex and crypto trading, credit solutions and robo-trading.

To cater specifically for Forex traders, Swissquote offers 4 flexible account types and a secure crypto wallet.

Swissquote is a Forex and CFD broker that provides more than 300 tradable instruments in global markets.

Swissquote supplies a proprietary trading platform and is compatible with MetaTrader 4 and 5, Advanced Trader and FIX API.

Swissquotes provides a variety of advanced trading tools and features, such as Autochartist, Trading Central, and MetaTrader Master Edition. 

 

Pros and Cons of Swissquote:

✔️Pros ❌Cons
Allows Scalping, Day trading and Swing trading Expensive trading fees
Highly regulated broker Payment required for certain tools
Incredible selection of educational content

 

Minimum Account Features of Swissquote:

Minimum Initial deposit to start trading $1000
Account base currencies EUR, USD, GBP, CHF, JPY, AUD, CAD, NZD, PLN, SEK, DKK, NOK, HUF, TRY, ZAR, SGD, MXN, HKD, THB, ILS, AED
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No

 

IC Markets

IC Markets

 

IC Markets was founded in 2007 and has established itself as one of the most popular ECN brokers in the world.

IC Markets is regulated by FSA, CySEC and ASIC, and offers 3 account types with tight spreads.

The accounts offered by IC Markets can be used as Islamic accounts and are suitable for all styles of trading, including Day trading, Scalping, Expert Advisors and retail trading.

IC Markets provides a variety of trading tools, such as alarm managers, stealth orders, trading terminals, and session matrices and maps.

 

Pros and Cons of IC Markets:

✔️Pros ❌Cons
Multiple accounts offered Not available to US citizens
Secure VPS server No investor protection for non-EU clients
10 base currencies supported

 

Minimum Account Features of IC Markets:

Minimum Initial deposit to start trading $200
Account base currencies AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No

 

Vantage FX

Vantage-FX

VantageFX is regulated by the ASIC, FCA and CIMA, with its headquarters based in Australia.

VantageFX is a licensed Forex broker that was founded in 2009 and accounts have been designed to accommodate all styles of trading.

VantageFX offers one STP account and two types of ECN accounts, each account being compatible with MetaTrader 4 and 5, and offering tight spreads.

VantageFX also facilitates Social Trading and provides platforms such as ZuluTrade, DupliTrade and MyFXBook Autotrade.

VantageFX welcomes new traders and beginners have access to a variety of educational tools, guides and webinars.

 

Pros and Cons of Vantage FX:

✔️Pros ❌Cons
Highly regulated broker 2 of 3 accounts charge commission
Flexible accounts offered
Exceptional learning material

 

Minimum Account Features of Vantage FX:

Minimum Initial deposit to start trading $200
Account base currencies AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes

 

Admiral Markets

Admirals (Admiral Markets)To celebrate its 20th anniversary, Admiral Markets rebranded itself to Admirals, and is in the process of converting to a multi-functional financial provider with an improved product offering.

 

Admiral Markets is regulated by the ASIC, FCA, EFSA and CySEC, and was founded in 2001 in the UK.

Admiral Markets has received several awards over the years and offers a generous product portfolio, consisting of nearly 50 Forex pairs and more than 3,000 stocks.

Admiral Markets offers a total of 6 accounts types that are designed according to the platform used and the style of trading.

 

Pros and Cons of Admiral Markets:

✔️Pros ❌Cons
Great range of research tools Does not facilitate social and copy trading
Variety of accounts offered Penalty fee for inactivity
Negative balance protection
Good selection of educational content

 

Minimum Account Features of Admiral Markets:

Minimum Initial deposit to start trading $50
Account base currencies USD, CHF, EUR, BGN, HRK, PLN, RON, CZK, HUF, GBP
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes

 

LegacyFX

LegacyFX

LegacyFX was founded in 2012 in Cyprus and is regulated by CySEC, FCA, BaFin, VFSC and NBRB.

LegacyFX offers many account types, in comparison to most brokers, and the VIP account is customizable.

All accounts have access to the LegacyFX trading academy, where educational content is provided, and can also be used as Islamic accounts.

LegacyFX has received several awards since its inception and has a positive Trustpilot rating.

LegacyFX provides a great range of trading tools, including trading signals, technical analysis, market news, economic calendars, calculators and AutoChartist.

 

Pros and Cons of LegacyFX:

✔️Pros ❌Cons
7 account types offered Only 3 base currencies
Advanced trading tools provided High minimum deposit
Award-winning broker
Highly regulated

 

Minimum Account Features of LegacyFX:

Minimum Initial deposit to start trading $500
Account base currencies EUR, USD, GBP
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes

 

FBS

FBS

FBS has won several awards since its inception in 2009 and is trusted by over 15 million traders from around the globe.

FBS provides services to clients from 150 international countries and based on statistics, it is believed that 1,000 accounts are opened on a daily basis.

FBS caters for all styles of trading and has designed 5 account types to specifically meet the needs of every class of trader. 

FBS encourages its clients to trade by hosting contests, offering promotions and providing special services to loyal, active traders.

FBS welcomes new traders by giving them access to a wide range of educational content, including webinars, video tutorials and trading guides.

 

Pros and Cons of FBS:

✔️Pros ❌Cons
Beginner-friendly Trading tools are lacking
6 account types to choose from Limited services for EU clients
Supports Copy trading
Great selection of analysis tools

 

Minimum Account Features FBS:

Minimum Initial deposit to start trading $1
Account base currencies USD, GBP, NZD, AUD, CAD, EUR, JPY, CHF
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes

 

RoboForex

RoboForexRoboForex was founded in 2009 as a CFD and Forex broker based in Belize, and is regulated by CySEC and IFSC.

RoboForex provides 5 trading accounts that are designed to accommodate all styles of trading, and each account can be used as a demo account before making any commitments.

For traders of the Muslim faith, RoboForex gives the option to use an Islamic account in accordance with Sharia law.

Accounts can be activated with as little as $10, which will give clients access to a variety of trading tools and features, and global markets across several different asset classes.

RoboForex has an exciting selection of promotional offers, including welcome bonuses, profit share bonuses and classic bonuses.

RoboForex also offers its clients cash rebates, VIP services, Free VPS servers and the opportunity to participate in contests.

 

Pros and Cons of RoboForex:

✔️Pros ❌Cons
Low minimum deposit Not regulated by FCA or ASIC
Free VPS Services not available to US clients
Negative Balance Protection
Outstanding promotional offers

 

Minimum Account Features of RoboForex:

Minimum Initial deposit to start trading $10
Account base currencies USD, EUR, RUB, CNY, GOLD, BTC
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes

 

Darwinex

DarwinexDarwinex facilitates trading opportunities for more than 5,000 clients from over 80 countries globally.

Darwinex was founded in 2012 and is regulated by FCA, with its headquarters based in the UK.

Darwinex supports Social and Copy trading, and offers guaranteed Stop Losses and API trading.

By facilitating Copy trading, new traders are able to successfully enter the markets with tried and tested strategies and this approach greatly reduces trading risks for beginners!

 

Pros and Cons of Darwinex:

✔️Pros ❌Cons
No deposit or withdrawal fees Not available to US citizens
Compatible with 5 platforms Not regulated by CySEC or ASIC
Copy trading with strategies offered Only 3 base currencies

 

Minimum Account Features of Darwinex:

Minimum Initial deposit to start trading $500
Account base currencies USD, EUR, GBP
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes

 

TIO Markets

TIOMarketsTIO Markets is an FCA-regulated Forex broker that was founded in 2019 and registered in the UK.

TIO Markets offers a multilingual website with a responsive customer services team that can be reached via email, telephone and live chat.

TIO Markets offers 3 types of trading accounts include risk-free demo accounts and access to more than 120 tradable instruments.

 

Pros and Cons of TIO Markets:

✔️Pros ❌Cons
No fees on deposits and withdrawals No Islamic accounts
Allows EA and automated trading Not available to US citizens
120 currency pairs
Fixed spreads

 

Minimum Account Features of TIO Markets:

Minimum Initial deposit to start trading $50
Account base currencies USD, GBP, EUR
Swap-free accounts No
Demo accounts Yes
VIP, Referral Program or Active Trader  No

 

Just2Trade

Just2Trade

Just2Trade was founded in 2007 and has more than 155,000 clients who have access to over 30,000 tradable instruments across 5 asset classes in 20 global markets.

Just2Trade is regulated by CySEC with its headquarters based in Cyprus and was recently awarded for having the best partnership program and for being the best multi-asset broker.

Just2Trade is compatible with several platforms, including MetaTrader 4 and 5, CQG, ROX and Sterling Trader Pro.

Just2Trade provides traders with a variety of trading tools, such as Trading Central, economic calendars, market news and subscriptions to research notes.

Just2Trade has an incredible product portfolio that greatly exceeds that of any other broker, offering more than 30,000 stocks, over 90,000 options and approximately 5,000 futures.

 

Pros and Cons of Just2Trade:

✔️Pros ❌Cons
Great product offering Only 2 base currencies
Tight spreads No US clients
Available to 130 countries No fixed spreads
Negative Balance Protection

 

Minimum Account Features of Just2Trade:

Minimum Initial deposit to start trading $100
Account base currencies USD, EUR
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No

 

LiteFinance

LiteFinance

 

LiteFinance was established in 2005 as a Forex and ECN broker and has earned the trust of nearly half a million traders.

LiteFinance is regulated by CySEC and MIBS, and all trading accounts are designed according to the needs of beginners, retail traders, investors and partners.

Traders can choose from 2 Forex trading accounts, namely the ECN account and the Classic account, and both accounts offer tight, variable spreads.

LiteFinance provides a comprehensive library of educational content and the website is available in 15 languages.

LiteFinance offers a welcome bonus for new clients, along with 100% Forex deposit bonuses.

 

Pros and Cons of LiteFinance:

✔️Pros ❌Cons
Facilitates Social trading No fixed spreads on Forex accounts
Provides expert analyses Lacking regulation
Reasonably low minimum deposit
Beginner-friendly

 

Minimum Account Features of LiteFinance:

Minimum Initial deposit to start trading $50
Account base currencies USD, EUR, GBP, PLN
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes

 

Blackbull Markets

BlackBull-Markets

Blackbull Markets was launched in 2014 as an STP and ECN Forex broker, with its headquarters in New Zealand.

Blackbull Markets offers flexible account types, including an Islamic ECN account, and all accounts have tight spreads.

There is also an account for active, high-volume traders, as well as an institutional account for corporate traders.

Blackbull Markets accommodates clients who prefer algorithmic trading methods and offers reliable, secure VPS servers.

 

Pros and Cons of Blackbull Markets:

✔️Pros ❌Cons
Zero-commission accounts provided Not available to US clients
Tight spreads No accounts have fixed spreads
Variety of tradable instruments
Multiple account types

 

Minimum Account Features of Blackbull Markets:

Minimum Initial deposit to start trading $200
Account base currencies USD, EUR, GBP, AUD, NZD, SGD, CAD, JPY, ZAR
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes

 

Eightcap

Eightcap

Eightcap was established in 2009 as an Australian broker that is regulated by VFSC and ASIC.

Eightcap offers 2 account types that support Expert Advisors and Scalping, and there is also a zero-commission account.

Customer support is provided in multiple international languages and new traders have access to a variety of educational content, including trading strategies, platform guides and analysis tools.

 

Pros and Cons of Eightcap:

✔️Pros ❌Cons
Tight spreads Only 2 account types
7 account currencies supported Limited product offering
Fast trade execution

 

Minimum Account Features of Eightcap:

Minimum Initial deposit to start trading $100
Account base currencies AUD, USD, EUR, GBP, NZD, CAD, SGD
Swap-free accounts No
Demo accounts Yes
VIP, Referral Program or Active Trader  No

 

Axiory

axiory

In 2011, Axiory established itself as an STP and ECN Forex broker that offers an exceptional variety of trading and risk management tools, along with statistical and analytical market data.

Axiory provides access to Autochartist, which enables the customization of indicators and facilitates trading with Expert Advisors.

Axiory traders can choose from 5 types of accounts that can be used on 3 popular platforms.

Each account type offers tight spreads, low minimum deposit requirements and the option to convert to an Islamic account.

 

Pros and Cons of Axiory:

✔️Pros ❌Cons
Negative balance protection Onl 2 base currencies
Low minimum deposit  Not available to US clients
Multiple account types No crypto trading
Hedging allowed
No inactivity fees

 

Minimum Account Features of Axiory:

Minimum Initial deposit to start trading $10
Account base currencies EUR, USD
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes

 

BDSwiss

BDSwiss

BDSwiss was founded in 2012 and is a trusted, award-winning ECN and STP Forex broker that is regulated by CySEC, FSC and FSA.

BDSwiss gives its clients access to high liquidity markets and more than 250 tradable instruments, and has reported a monthly trading volume exceeding $84 billion.

BDSwiss provides educational content through the special trading academy that was design specifically for beginners, and experienced traders have access to a variety of research and analysis tools.

 

Pros and Cons of BDSwiss:

✔️Pros ❌Cons
Zero-commission accounts No fixed spreads
AutoChartist on all accounts Not available to US citizens
Instant withdrawals
Trading alters provided daily

 

Minimum Account Features of BDSwiss:

Minimum Initial deposit to start trading $100
Account base currencies USD, EUR, GBP
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes

 

In conclusion

Until 1996, Forex trading could not be done online and this created many challenges for potential investors. 

Keeping track of market activity became tedious and it was easy to miss an investment opportunity.

With the evolution of technology and software, MetaTrader has revolutionized the way online trading is done and the markets became more accessible to people from all over the world.

By using MetaTrader 5, investors and retail traders now have the advantage of using trading signals,trading robots, and algorithmic trading.

MetaTrader 5 empowers traders by enabling the customization of charts, real-time updates of the markets, technical and fundamental analyses and compatibility with a variety of Forex brokers.

MetaTrader 5 greatly increases any trader’s chances of success and eliminates the need to do extensive research and manual charting for a simple analysis.

The 30 Best MetaTrader 5 Forex Brokers listed in this review is a good place to start if you are looking for a trusted Forex broker that offers the functionality of MetaTrader 5.