For those who are already familiar with the MetaTrader 4 trading platform, the release of its upgraded version MetaTrader 5 was highly anticipated. MT5 or MetaTrader 5 is a highly advanced trading platform developed by the company MetaQuotes for easy trading and high-speed order executions.
This pioneering update included some features that online traders have been waiting for for a long time. It is now possible to trade with the best MetaTrader 5 brokers and enjoy new features and key tools provided by this particular trading platform.
Let’s get familiar with 6 of the best MetaTrader 5 brokers that anyone can use for trading this year.
Alpari is a great option to choose among several other best MetaTrader 5 brokers because it has a presence in a total of 8 countries across 3 continents of the world.
Alpari international appeals to a global user base who may or not have sufficient experience to navigate through unexpected financial markets. But the platform’s products, trading desks, and other features help users to figure out their way and stay in profit.
- Diverse offering that is suitable for all
- A demo account is available for traders
- Seasoned traders can turn into strategy managers and earn more benefits
Though AvaTrade has been functional since 2006, this broker has surpassed many other alternatives in its way due to its high-performance trade execution, stellar user experience, and exceptional educational material available for traders. Even if one encounters any issue with the platform, AvaTrade’s multilingual support is available to help in any way they can with their quick response and thorough knowledge.
- The account opening procedure is easy and hassle-free
- Trading fees are competitive and quite affordable
- The educational aspect of this MT5 broker is truly one-of-a-kind
- Traders can enjoy free & multiple types of deposit/withdrawal
Since being founded in 2009, the XM brokerage platform has gained more than 3 million clients worldwide who trust its services for easy and profitable trading. XM has won several industry awards that have built its reputation as the best FX Service Provider in the industry.
If you ever find yourself looking for a dependable broker platform that does not only have MT5 support but also expert market analysis for its users along with an exceptional web platform inclusive of all the best features then XM is one for you.
- Account opening is fast and user-friendly
- CFD fees are low with no withdrawal fees
- Plenty of educational resources
This broker is regulated by both CySec and FCSA to provide brokerage services using two of the best trading desks namely, MT4 and MT5. People recommend using this platform due to its flexibility and advantages like minimum deposit which is not too high, support for Islamic accounts for traders based in countries with Sharia law, etc.
- Crypto trading is supported
- Account activation takes just 24 hours
- Excellent customer service
5. CMC Markets
One of the oldest and highly reputed brokers is the CMC Markets which offers quite an advanced platform featuring useful tools for trading as well as market research. The process of account opening is kept fully digital and it takes almost a day for any new account to activate. A minimum deposit is not essentially required on CMC Markets but people might have to go to great lengths trying to verify their account in order to use it.
- The wide range of products is versatile and profitable
- Its MT5 trading platform is phenomenal
- You can find some effective educational tools over here.
6. FP Markets
Regulated by both ASIC and CySec is FP Markets which is a successful brokerage platform since 2005. It has a significant client base that keeps increasing based on the fact that people actually make a profit using its MT5 trading platform. In all its entirety, this service offers unique products and a safe trading approach that helps people to navigate through the market’s highs and lows without suffering from a financial crisis.
- It appeals to both new and experienced traders
- Both web and mobile trading platform is available
- 24-hour customer support is reachable via chat, e-mail, and also telephone to help out.
- Skills You Need to Be Financially Literate In 2021
- Financial Future V/S COVID-19
- 5 Critical Mistakes To Avoid When Filing For Bankruptcy: By Legal Experts
- Top 10 Factors to Consider When Picking Personal Loans