Best MetaTrader 5 (MT5) Brokers for 2026
By Adrian Rochester Updated October 2026 · 9 brokers ranked
Not financial advice. Our rankings and reviews are for general information only and are not a recommendation to open an account or to trade. Forex and CFDs are high-risk; consider independent advice and whether you can afford to lose your money.
Brokers that offer MetaTrader 5, MT4's successor with more timeframes, an economic calendar and access to more asset classes.
- EUR/USD cost
- £4.53 /lot
- Platforms
- IG Platform, MT4, MT5 +2
- Min deposit
- £0
- No account, platform or inactivity fees
- Decades-long history, parent listed on the LSE
69% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- EUR/USD cost
- £5.25 /lot
- Platforms
- Pepperstone Platform, MT4, MT5 +2
- Min deposit
- £0
- Razor account: raw spreads plus low fixed commission
- Five platforms including TradingView and cTrader
72.9% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- EUR/USD cost
- ~£5.28 /lot
- Platforms
- FxPro Platform, MT4, MT5 +2
- Min deposit
- £0
- FCA-regulated since 2010, with FSCS membership and negative balance protection
- Wide platform choice: MT4, MT5, cTrader, TradingView and its own FxPro platform
79% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- EUR/USD cost
- ~£3.40 /lot
- Platforms
- Axi Platform, MT4, MT5 +1
- Min deposit
- £0
- No required minimum deposit; free card, PayPal and bank deposits
- Raw-spread Pro account
66.36% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- EUR/USD cost
- £5.28 /lot
- Platforms
- FOREX.com Web, MT4, MT5 +1
- Min deposit
- £100
- 80+ currency pairs
- Part of publicly listed StoneX group
74% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- EUR/USD cost
- £4.53 /lot
- Platforms
- OANDA Trade, MT4, MT5 +1
- Min deposit
- £0
- No minimum deposit or withdrawal fees
- Spread betting and CFDs on MT4, MT5 and TradingView
76.6% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- EUR/USD cost
- ~£6.04 /lot
- Platforms
- MT4, MT5, TradingView
- Min deposit
- ~£75
- Low raw-account commission ($3 per lot per side)
- FCA and CySEC regulated
69% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- EUR/USD cost
- £2.75 /lot
- Platforms
- MT4, MT5, TradingView +1
- Min deposit
- £50
- £1 per side RAW ECN commission on GBP accounts
- Lloyd's excess-of-FSCS insurance up to £1m
70.98% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- EUR/USD cost
- ~£4.53 /lot
- Platforms
- MT4, MT5, HFM App
- Min deposit
- ~£19
- No minimum deposit on Premium account
- Wide range of account types
71.46% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
How we make money: some links on this page are affiliate links. If you open an account through them we may earn a commission, at no extra cost to you. This never affects our ratings, which follow our published methodology.