The 5 best MetaTrader 5 trading accounts in comparison

The MetaTrader platform suite comprises the two most famous trading platforms for forex and CFD traders-MetaTrader 4 (MT4) and MetaTrader 5 (MT5). MT5 is the best option for presuming the market value of forex pairs. Although the MT4 version is the most celebrated for this platform, MT5 is no less.

With its outstanding progress and upgrades, it has made its way into the trading industry. In the last 10 years, people have started to rely more on MT5 than MT4. Well, MT5 is not a broker like MT4. So, if you wish to use MT5, you must hunt for a reliable broker.

Here, we seek to discuss all you want to know about MT5. All the information here will help you choose one of the best trading platforms. So, let’s look at the best MetaTrader 5 accounts.

See the list of the 5 best MetaTrader 5 trading accounts here:

MetaTrader Broker:	Review:	Regulation:	Spreads & Markets:	Advantages:	Free account:
1. Vantage Markets	(5 / 5) ➔ Read the review	Regulated by the CIMA & ASIC	From 0.0 pips spread + $ 2 commission per 1 lot trade 800 markets+	# Regulated and safe # Real ECN trading # Fast order execution # No hidden fees # Free bonus available	Live account from $ 200 Sign up for your MT5 account (Risk warning: Your capital can be at risk)
2. RoboForex	(5 / 5) ➔ Read the review	Regulated by the IFSC (Belize)	From 0.0 pips spread + $ 4 commission per 1 lot trade 16.000 markets+	# Leverage up to 1:2000 # Free demo account # Professional support # 12,000+ markets # Bonus program	Live account from $ 10 Sign up for your MT5 account (Risk warning: Your capital can be at risk)
3. Moneta Markets	(5 / 5) ➔ Read the review	Regulated by the VFSC	From 0.0 pips spread + $ 3 commission per 1 lot trade 800 markets+	# Great for beginners # User-friendly interface # Sufficient educational tools # No deposit fees # Low spreads and commissions	Live account from $ 50 Sign up for your MT5 account (Risk warning: Your capital can be at risk)
4. OctaFX	(4.9 / 5) ➔ Read the review	Regulated by the FSC (Maurituis) & CySEC (EU)	From 0.0 pips spread + $ 3 commission per 1 lot trade 800 markets+	# Spreads from 0.2 pips # Minimum deposit only $100 # Deposit bonus available # Leverage up to 1:500 # Free demo account	Live account from $ 100 Sign up for your MT5 account (Risk warning: Your capital can be at risk)
5. FBS	(4.9 / 5) ➔ Read the review	Regulated by the IFSC & CySEC	From 0.0 pips spread + $ 5 commission per 1 lot trade 250 markets+	# Bonus program & events # Leverage up to 1:3000 # Live account from $1 # 250+ markets available # Low spreads	Live account from $ 1 Sign up for your MT5 account (Risk warning: Your capital can be at risk)

See the list of the 5 best MetaTrader 5 trading accounts here:

1. Vantage Markets – Low minimum deposit amount & great user-experience
2. RoboForex – High leverage up to 1:2000
3. Moneta Markets – Advanced trading solutions
4. OctaFx – Available in 150+ countries
5. FBS – Great for forex trading

Now let us take a closer look at each of these brokers.

5 best MetaTrader 5 trading accounts listed:

#1 Vantage Markets – Low minimum deposit amount & great user-experience

Vantage Markets is an international broker that offers access to active and powerful services. It presents the customers with a platform to trade CFDs on forex, indices, shares, and commodities. Customers can get access to a lot of features from the platform. 

You can easily start your trading journey with Vantage Markets if you’re new to the brokerage industry. Vantage Markets can help you move forward from the crowd without much effort. So, get your account open and make the most out of trading.

The trading services it offers for MetaTrader 5 make it the best of all trading platforms. Traders can use the Vantage Markets as the best MetaTrader 5 accounts because of the following features. 

• Vantage Markets offers a seamless process to open the MetaTrader 5 accounts for traders. 
• It has efficient customer service for traders. 
• Traders can enjoy using MetaTrader 5 on Vantage Markets and explore all its tools and services. 
• It allows traders to begin trading on the best MetaTrader 5 trading accounts with a low minimum deposit. 
• Besides, the fees and commissions of Vantage Markets are minimal.

(Risk warning: Your capital can be at risk)

#2 RoboForex – High leverage up to 1:2000

RoboForex is a brokerage firm that came into being in the year 2009. Customers from 169 countries can get access to RoboForex’s services. It has over 3.5 million loyal users. They have a great chance to lead in the brokerage industry with the help of RoboForex. Also, it is one of the ultimate software designers in the Forex industry.

Most respected financial market professionals refer to RoboForex as a reliable partner. In addition, it has received multiple prestigious awards. 

The company has a global license for the convenience of its customers. It helps them to get services from CySEC. Also, it has the highest affiliate fees: $5 per lot.

RoboForex also offers traders the best MetaTrader 5 trading accounts. Some features of RoboForex MT4 trading accounts are as follows. 

• RoboForex offers the best-in-class trading services to traders. They can access all the greatest underlying assets when they connect to MT4 with this platform. 
• This trading platform allows you to sign up for a trading account to trade on MT4 without hassle. 
• Traders can trade on MT4 without any difference in services. 
• RoboForex allows you to initiate trading with a low minimum deposit for an MT4 trading account. 

(Risk warning: Your capital can be at risk)

#3 Moneta Markets – Advanced trading solutions

Moneta Markets is a new brokerage company under the Vantage group. It provides traders with a MetaTrader suite of platforms, a mobile app, and a basic web. Yet, it supports a span of third-party characteristics.

The company upholds the license in two tier-1 jurisdictions and one tier-3 jurisdiction. Also, it provides security to your account. 

Along with MetaTrader, customers can also get copyrighted platforms WebTrader and AppTrader. Besides, you can make use of Duplitrade for social copy trading.

Using the best MetaTrader 5 trading accounts on Moneta Markets offer you the following advantages:

• Traders can connect Moneta Markets with MT5 very easily.
• Using MT4 on Moneta Markets is straightforward. 
• Traders can get started with MT4 on Moneta Markets with a very low minimum deposit amount. 
• The efficient customer support of Moneta Markets is always at a trader’s disposal.

(Risk warning: Your capital can be at risk)

#4 OctaFX – Available in 150+ countries

OctaFX was established in 2011. It offers a low-cost and basic MetaTrader platform. You can also get the feature of a social copy-trading platform. 

There are a variety of pricing options for traders. But the scope of the tradeable instrument is limited. You can find a need for educational content on the platform.

Besides, OctaFX simplifies trading for traders by offering them the best MetaTrader 5 trading accounts. Some benefits of trading with OctaFX are as follows. 

• Low initial investment for MetaTrader 5 trading accounts makes this platform lucrative. 
• Traders can use this trading platform to fulfill their trading requirements of customized trading. 
• OctaFX offers educational resources that help you get through trading on MetaTrader 5. 

(Risk warning: Your capital can be at risk)

#5 FBS – Great for forex trading

FBS is a global broker in the UAE, South Africa, Europe, and Asia. It offers an array of deposit methods, such as Skrill, PerfectMoney, STICPAY, Visa, and Neteller. Further, it permits its clients to trade currencies with leverage up to 1:3000.

Other accounts, such as cent, zero-spread, micro, ECN, and many others, are available on the platform. When you open an account on FBS, you can get access to daily and weekly webinars. Apart from that, you can also enjoy the features of analytical videos.

You can use FBS to sign up for the best MetaTrader 5 trading accounts. 

(Risk warning: Your capital can be at risk)

What is an MT5 trading account?

MT5 or MetaTrader5 is an upgrade of the best-in-class MT4, owned by MetaQuotes Software Corporation. It allows you to benefit from multi-asset trading features Commodities, Forex, Futures, and Stocks as well. As MT5 is not a broker, you have to opt for a trustworthy broker. 

Brokers can help you with customizing the MT5 platform as per your needs.

They offer the clients a spectrum of markets. Thus, MT5 offerings have the chance to vary from every other broker. Yet, MT5 has gradually gained popularity in the brokerage industry. 

It has graphical objects and technical indicators that help traders to conduct comprehensive market analysis and place pending orders. 

Facts to consider when choosing a MetaTrader 5 trading account

MetaTrader 5 supports netting and hedging options for its customers. Users can assemble their personalized instruments if they know to code. You can get the feature of Algorithmic Trading (copy trading on MT5. Customers can enhance their trading strategy using trading robots. They can help you try out new tactics with them.

However, when choosing any of the best MetaTrader 5 trading accounts, remember the following points:

• Check the kind of services your broker offers.
• Don’t forget to check the reviews of the brokers when choosing the best MetaTrader 5 accounts. 
• Compare the features offered by brokers. 
• Check whether the broker offers you comparative tools, educational content, and a wide range of underlying assets.

How to sign up?

The following steps will help a trader to sign up for the best MetaTrader 5 trading accounts.

#1 Select an MT5 broker

First, you need to choose a broker who provides you with the MetaTrader 5 trading platform. With several choices, it becomes quite difficult to pick a good broker. Make sure to select a reliable and worthy trader. Furthermore, you have to do proper research to know about that.

(Risk warning: Your capital can be at risk)

#2 Download MetaTrader 5

Then, you have to download MetaTrader 5. There is a single software for both the live and demo accounts. So, you have to download the same software to use any of those accounts.

#3 Create an account on MetaTrader 5

Once you finish the download process, it’s time to create an account. You can opt for a live or demo account. If you are a new trader, we suggest you try the demo account first. You will get to learn about the trading platform before making an entry to the live account.

There are virtual funds and no real money. You can use the platform without trouble. Also, there will be no risk of real money. The demo account opening process is kind of similar to the live account.

For Demo account

If you want to opt for an MT5 demo account, follow these steps:

• Go to the demo account page on the website.
• After that, fill up the form with the required details.
• You will get an email. It will include all the details you can use to log in to your demo account.

For live accounts

If you want to create a live account, you need to have an account in the trader’s room. In case you don’t have an account in the trader’s room, you will need to create an account in the trader’s room. 

Then, log in to your trader’s room. After that, follow these steps to open a live account:

• Select the ‘Open Live Account’ option.
• Enter and verify your phone number.
• Fill up the requisite details on the following pages. 
• You must give your tax identification details, passport number, and contact information.
• Then, go through the confirmation notice and accept it.
• After that, get your identity verified by uploading the requested documents.

You will receive an email from the company with your account details. From that, you can log in to your account and start trading.

How to log in into your MT5 account?

Use the following procedure to log in to your MetaTrader 5:

• Visit the MetaTrader 5 trading platform.
• You will find a file icon. Click on that.
• Then, choose the ‘Login to Trade Account’ option.
• Fill in the MT5 account details to log in. Make sure that the server field is the same as the server details given by your MetaTrader 5 broker.
• In the login field, fill in your account ID. 
• Fill in the ‘Password’ field with your main password. 

You can begin trading with your account on MetaTrader 5 platform.

(Risk warning: Your capital can be at risk)

Trading tutorial: How to trade on the MT5

When you log in to your MT5 account, it’s time to place an order and trade your favorite assets.

Follow these steps to place an order: 

• Select the tools option on the Menu bar. From there, select the New order.
• On the market watch window, click double times on the asset you want to trade. There is another option. You can click on the desired asset and choose the New order option. 
• Then, go to the trade tab, click on the lower terminal, and choose the new order option.
• If you wish to opt for one-click trading on the chart of your favorite asset, press the F9 option.

Then you can use the ‘Order Screen’ option. You can see customizable order facts on the right and a tick graph on the left. The tick chart contains the bid and asks prices; also, there are real-time spreads.

Here are some options traders commonly find on the MT platform:

• Symbol

With this, you choose the asset to trade.

• Order Type

You can select Pending Execution and Market Execution order types.

• Volume

You can get the quantity in the form of lot sizes. 1 lot size is equal to 100,000 units for the standard account. 

• Stop Loss and Take Profit

Users can attach profit and stop loss orders on the trade.

• Comment

You can add a comment in the comment section about a trade. It is perfect for those who document their trading actions.

Conclusion – Use the MetaTrader 5 for the best trading experience!

Undoubtedly, the information about the MetaTrader 5 platform is enough. This software has advisors who can help you grow your trading business and make money. And now you can choose one. There are several platforms to help customers with trading. 

MetaTrader 5 is one of the best due to its various features. You can get access to several features to try on your trading platform. Your funds are secure on it, and there are no major safety issues.

(Risk warning: Your capital can be at risk)

Frequently asked questions about the MetaTrader 5:

Last Updated on February 17, 2023 by Andre Witzel