Best MetaTrader 5 (MT5) Forex Brokers for 2026

One of the most well-known retail forex trading platforms in the world, MetaTrader 5 (MT5) is part of a suite of trading applications developed by MetaQuotes Software Corporation for desktop, web, and mobile.

Designed as the successor to the wildly popular MT4 platform, MT5 features multiple upgrades and boasts some significant improvements to the MetaTrader software. Still, MT4 remains one of the most widely used retail forex trading platforms on the market. If you’d like to learn more about MetaTrader 4 and the MetaTrader software suite, check out my complete guide to MetaTrader.

Like previous MetaTrader platforms, MT5 supports multiple execution methods and is designed as a turnkey solution for brokers. Brokers pay a fee to license the MetaTrader software so that they can provide the platform to their clients. Brokers can customize the MT5 platform based on the range of markets they offer to best suit their individual client’s needs – which means that MT5 offerings can vary from broker to broker.

The MT5 platform was first introduced in 2010 and was initially slow to gain adoption among traders when compared with MT4, its successful predecessor. Following MetaQuotes' decision to halt the sale of new MT4 licenses and phase out legacy support, MT5 has finally surpassed MT4. Today, MT5 stands as the industry standard, having eclipsed MT4 in both brokerage adoption and trading volume due to its superior infrastructure and multi-asset capabilities.

Yes. As of 2026, only two brokers offer MetaTrader 5 (MT5) to U.S. residents: FOREX.com and Trading.com.

FOREX.com offers MT5 alongside MT4 and its other platforms, with comprehensive charting tools, broad market access, and extensive educational resources.

Trading.com offers MT5 to U.S. traders and also provides access via its browser-based WebTrader platform.

We review and continuously monitor the offerings of over sixty different forex brokers. MetaTrader is just one of the numerous features that we test when reviewing a broker. Here's an updated list of forex brokers that offer MetaTrader 5 in 2026:

• ActivTrades
• AvaTrade
• BlackBull Markets
• CMC Markets
• Eightcap
• Exness
• FOREX.com
• FP Markets
• FxPro
• HFM
• HYCM
• IC Markets
• IG
• IUX
• OANDA
• Octa
• Pepperstone
• Swissquote
• Tickmill
• Vantage
• XM

Like the MT4 platform, MT5 is available for desktop, web, and mobile. We’ve tested the MetaTrader 5 platform across devices, and we’ve detailed their strengths, weaknesses, similarities, and differences below:

MT5 mobile app

MT5’s popular Mobile Trading app is available for Android devices from the Google Play store, where it has been downloaded over 10 million times and holds a rating of 4.7/5. The Android version is supported on phones and tablets, and – like MT5’s web platform – MT5’s mobile app features 30 built-in indicators.

Note: MetaTrader 5 is available for download from the Apple App store and for Android on the Google Play store.

Take a behind-the-scenes look at the MT5 Mobile Trading app with our video walkthrough:

Bottom line: The MT5 app is light on features compared to the desktop platform, but it still offers more functionality and greater ease of use than the web version.

Some of the best mobile apps are developed in-house by the top forex brokers in the industry. Want to learn more about the wide range of available mobile apps? Read our guide to the best forex trading apps.

MT5 desktop platform

MT5’s desktop terminal is downloadable and designed for use with Windows-based computers. MT5 users gain access to more than 100 interactive charts that feature dozens of analytical tools, such as indicators and graphical objects. The 21 available time frames allow for in-depth technical analysis of currencies, exchange futures, stocks, cryptocurrencies, indices, and spot metals.

Check out our walkthrough of the MetaTrader 5 desktop platform:

Bottom line: If you are hoping to unlock the full potential of MT5’s powerful trading platform, the desktop version is the way to go.

Download MT5 for desktop on MetaTrader’s MT5 site.

MT5 web platform

MT5’s web-based platform can be accessed from any browser or operating system without the need to download any software. Instead, your broker provides a unique URL from which the service can be accessed with the trader’s login details.

The web version of MT5 recently underwent a massive makeover, which updated its charting capabilities and overall responsiveness to be more competitive with modern web platforms like TradingView. Check out my forex charting guide to learn why charts are so important for forex traders.

Note: You can’t manage trading robots or carry out advanced operations on MetaTrader 5’s web platform.

Check out our walkthrough of MT5’s web platform:

Bottom line: WebTrader is a lighter version of MT5’s desktop platform, and only offers the most basic features for carrying out trading and account management.

Start using MT5’s web platform by visiting MetaTrader’s MT5 web platform site.

MT4 and MT5 may share the same developer (and the two platforms even look alike), but their coding is significantly different, and each platform has distinct functionalities and features. MT5 brings a number of changes to the MetaTrader platform that have bolstered the computational power of the MetaQuotes’ software suite. For example, MT5 runs in 64 bits to match the capabilities of modern processors, which means that it runs much faster and can handle billions more data points than MT4.

MT5 also features two new order types, advanced Strategy Tester settings, a new MQL programming language, and multiple design optimizations – among other additions and changes.

For a deeper dive into the differences between these two popular versions of the MetaTrader software, check out my MT4 vs MT5 guide.

No, you’ll need to open a live account with a broker that offers MetaTrader 5 (MT5) in order to trade with real funds. You can try MT5 out with a demo account, but you won’t be able to do any live trading – and if your demo account is not connected to a broker, you won’t have access to updated rates.

When choosing a forex broker that offers MT5, make sure that the broker offers the range of markets you are interested in trading, and that it can equip you with the trading tools you’ll need for your trading strategy. It’s also important to make sure your forex broker is highly regulated; this is the best way to protect yourself from forex scams.

We’ve evaluated dozens of forex brokers to determine whether you can trust them with your live trading funds – read more about Trust Score.

When comparing the best MetaTrader brokers across all categories, IC Markets stands out as our top pick for MT5 in 2026.

IC Markets also has some of the highest global trading volumes among MetaTrader brokers, as traders tend to run algorithmic trading systems at IC Markets due to its competitive pricing and execution methods available. The qualities that make IC Markets a great broker for MetaTrader also make it a fantastic broker for cTrader, another popular third-party platform. If you are interested in learning about algorithmic trading and automated high-frequency trading systems, check out our guide to high-frequency trading.

Yes, MT5 is totally free to download and use – though you should still be prepared to pay trading fees when you place live forex trades (these can vary from broker to broker). Brokers pay to license the MT5 trading platform directly from the developer, but retail traders are not charged any platform fees to use MT5. Traders will of course still be responsible for paying the standard trading fees incurred with any forex broker – such as commissions, spreads, and overnight carrying costs (premiums).

Beginners may not notice any significant differences between MT4 and MT5. On the surface, they are similar in appearance and function, and MT5’s added features and advanced functionalities may not be hugely important for beginners. Before deciding on MT4 or MT5, it’s important for new traders to learn the basics of trading and to develop a keen understanding of how trading platforms work.

Beginner forex traders should start by consuming educational content (check out my guide to the best free forex trading courses for some suggestions) and experimenting with a demo account before trading with a live, fully funded account. Demo and live account options are available for all versions of MT5. However, with MT5 now leading in trading volume, traders and brokers are encouraged to consider switching to MT5 to take advantage of its advanced features and wider range of assets.

Yes, the MetaTrader platform is safe to use. MetaTrader is a popular software suite for trading forex and CFDs – but it’s not a broker. This means that your level of safety when trading forex will depend on your forex broker, not on the MetaTrader software. Whether you use MT4 or MT5, you’ll want to make sure that your forex broker is well-capitalized and licensed by reputable regulatory agencies.

The ForexBrokers.com Trust Score algorithm provides an at-a-glance score of a broker’s reliability and trustworthiness – learn more about Trust Score and the regulatory agencies that we track.