A MetaTrader 5 broker is a broker that opens a live or demo account for you and connects it to the MT5 platform. MetaQuotes develops the software but does not offer any accounts: it is the broker that provides the prices, executes the orders and holds your funds. Choosing an MT5 broker therefore means choosing a fee structure, a list of assets and a legal entity.
This guide reviews the criteria for choosing an MT5 trading broker, how to connect an account to the platform and our pick: Vantage, which offers MT5 with hedging enabled, Expert Advisors, signals and market depth, on accounts available from $50.
Our pick: Vantage MT5, with five account types and a free demo with $100,000 in virtual funds. Open an MT5 account with Vantage
What is a MetaTrader 5 broker?
A MetaTrader 5 broker has signed a license agreement with MetaQuotes and installs the platform on its servers. MetaQuotes states this on its official list of brokers: the company is not a broker and accepts no responsibility for trading operations. The MT5 broker, on the other hand, handles everything to do with your money:
- account opening and identity verification;
- quotes and execution of your orders;
- the conditions: spread, commission, leverage, swaps, minimum deposit;
- deposits and withdrawals.
The platform is the same with every MetaTrader 5 broker. What changes are the accounts, the instruments and the services around them (VPS, copy trading, tools). For the platform itself, see our MetaTrader 5 (MT5) guide.
If this topic interests you, see also “Broker Réunion Island 2026” and “Broker Romania 2026“.
Why choose a trading broker with MetaTrader 5?
MT5 is the multi-asset version of MetaTrader, released in 2010. Compared with MT4, it adds tools that many traders use every day:
| Feature | MetaTrader 4 | MetaTrader 5 |
|---|---|---|
| Timeframes | 9 | 21 |
| Pending order types | 4 (Buy/Sell Limit, Buy/Sell Stop) | 6 (adds Buy Stop Limit and Sell Stop Limit) |
| Market depth | No | Yes |
| Built-in economic calendar | No | Yes |
| Position accounting | Hedging | Netting or hedging |
| Robot programming language | MQL4 | MQL5 |
| Strategy Tester | Single-currency | Multi-currency, multi-threaded |
If you’re a beginner, MT5 is often the best place to start, as the extra tools don’t make the interface more complicated. If you have Expert Advisors written in MQL4, stay on MT4 or plan to rewrite them: in that case, see our MT4 broker guide.
How to choose an MT5 trading broker: the criteria
A good MT5 trading broker is judged on its entity, trading fees, non-trading fees, assets and tools. The table below sums up what to check and how Vantage measures up on each point.
| Criterion | What to check | At Vantage |
|---|---|---|
| Entity and regulator | Company, regulator and license number in the legal notices | VIG Group (FSC Mauritius, GB20026165); Vantage Markets (Pty) Ltd (FSCA, 51268); Vantage Global Limited (VFSC, Vanuatu) |
| MT5 features enabled | Hedging, Expert Advisors, signals, market depth | All enabled |
| Trading fees | Spread + commission + swap on the instruments you trade | From 1.1 pips with no commission (STP); from 0.0 pips + from $3 per lot per side (Raw ECN) |
| Non-trading fees | Deposit, withdrawal, currency conversion, inactivity | $0 deposit fees (other fees may apply) |
| Minimum deposit | Amount needed to open the account you want | $50 ($10,000 for Pro ECN) |
| Assets on MT5 | Symbols actually available | More than 1,000 CFDs: forex, indices, commodities, stocks, ETFs, bonds |
| Other platforms | Web, mobile, analysis tools | TradingView, Vantage App, Web Trading, copy trading |
| Client funds | Segregation, insurance, dispute resolution | Segregated accounts, insurance via WTW up to USD 1M per claim, member of The Financial Commission |
| Demo | Free demo on the broker’s server | Free demo, $100,000 in virtual funds |
- Entity and regulator: note the company name, regulator and license number in the website footer, then check them on the official register. The entity that applies to you is stated in your account-opening documents.
- Trading fees: compare spread, commission and swap on the instruments you actually trade (EUR/USD, gold, DAX…).
- Non-trading fees: deposit, withdrawal, currency conversion, inactivity.
- Assets available on MT5: an MT5 account only shows the symbols the broker has added to it.
- Tools and demo: VPS, copy trading, a demo on the broker’s live server. Our MetaTrader 4 and 5 demo account guide explains how to open one.
Leverage and margin levels matter too: our article on leverage in MetaTrader explains how to read and change it.
What can you trade with an MT5 broker?
MT5 was designed for multiple asset classes, but it is the MetaTrader 5 broker that decides what you see in Market Watch. With a forex and CFD broker, you will usually find:
- currency pairs: majors (EUR/USD, GBP/USD, USD/JPY), minors and exotics; Vantage advertises more than 40 pairs;
- indices: DAX, CAC 40, S&P 500, Nasdaq, as CFDs;
- commodities: gold, silver, WTI and Brent crude, natural gas, agricultural products;
- stocks and ETFs as CFDs: US, European, UK or Australian shares;
- bonds, with some brokers.
Before opening an account, check a symbol’s “Specification” sheet in MT5 (right-click in Market Watch): it shows the contract size, trading hours and required margin, as well as the spreads and commissions that apply. Traders who code their robots in MQL5 also check that Expert Advisors are allowed on all the financial markets offered.
Diversifiez votre patrimoineInvestissez dans l’artDes tableaux originaux, pièces uniques signées par l’artiste. Un actif tangible, loin des écrans et des cotations.Voir les tableaux →Vantage MT5: our MetaTrader 5 broker
Vantage is the MT5 broker we recommend. The broker offers the latest version of MetaTrader 5 with Expert Advisors, signal trading and position hedging enabled, as well as access to the market depth supplied by its liquidity providers.
What Vantage offers on MT5
- Hedging enabled: you can hold a long and a short position on the same instrument.
- Market depth: the order book shows where large orders sit on the price ladder.
- 21 timeframes and built-in alerts.
- Signals and MetaTrader Market: subscribe to signals and buy robots or indicators from within the platform.
- Switching from MT4 to MT5: an existing MT4 client can open an MT5 account from their client portal.
- Other platforms: TradingView, Vantage App and Web Trading.
Vantage accounts on MT5
| Account | Minimum deposit | Advertised spread | Commission (per lot per side) |
|---|---|---|---|
| Standard STP | $50 | from 1.1 pips | $0 |
| Raw ECN | $50 | from 0.0 pips | from $3 |
| Pro ECN | $10,000 | from 0.0 pips | from $1.50 |
| Cent | $50 | from 0.0 pips | $0 to $3 |
| Swap Free | Swap-free account, for traders whose beliefs rule out interest | ||
Trading starts at 0.01 lot. On STP and ECN accounts, the margin call is set at 50% and the stop-out at 20%.
Vantage’s entities
Vantage’s legal notices list VIG Group (Financial Services Commission of Mauritius, license GB20026165), Vantage Markets (Pty) Ltd (FSCA, South Africa, license 51268) and Vantage Global Limited (Vanuatu). The entity that manages your account is stated when you open it.
How do you add a broker in MetaTrader 5?
To add a broker in MetaTrader 5, first open an account with that broker, then connect the account to the platform. On desktop:
- In MT5, click File > Open an Account (or right-click “Accounts” in the Navigator).
- Type the broker’s name, for example “Vantage”, then click Find your broker.
- Select the company, then choose to connect to an existing account.
- Enter the login, password and server received by email, then click Finish.
The same wizard lets you open a demo directly with the broker you have chosen. On Android and iPhone, you search for the broker from the account management page: results appear after you type three characters.
What does an MT5 broker cost?
MetaTrader 5 is free: you pay nothing for the download or the license. The costs come from the MT5 broker:
- the spread, the difference between the buy and sell price;
- commission on ECN accounts (at Vantage, from $3 per lot per side on Raw ECN);
- the swap, a financing charge or credit if you hold a position overnight (except on a swap-free account);
- any paid services: signals, robots bought on the MetaTrader Market, VPS.
MT5 broker FAQ
Which broker should you use with MetaTrader 5?
Choose a broker that enables all MT5 features, clearly publishes its entities and fees, and offers a demo. We recommend Vantage for its complete MT5 offering: hedging, market depth, five account types and a demo. Our best MetaTrader broker guide covers all the criteria.
Is MetaTrader 5 reliable?
The MT5 software is developed by MetaQuotes and used by many brokers around the world; communication between the terminal and the server is encrypted. The safety of your money, however, depends on the broker: entity, regulator, segregation of funds. That is what you need to check before opening an account.
What is the best broker for a beginner?
To get started on MT5, look for a low minimum deposit, a commission-free account and a demo. At Vantage, the Standard STP account starts at $50 with no commission, and the demo comes with $100,000 in virtual funds. Start with the demo, then move to a live account with small positions.
What is the minimum deposit for MT5?
MT5 itself has no minimum deposit: the broker sets it. At Vantage, it is $50 on the Standard STP, Raw ECN and Cent accounts, and $10,000 on the Pro ECN account.
Can you trade with MT5 on mobile?
Yes. MetaTrader 5 is available on Android and iPhone/iPad, as well as in a web version. Your account with an MT5 broker works on all these versions with the same login details.
Conclusion: which MetaTrader 5 broker should you choose?
The right MetaTrader 5 broker for you combines an entity you have verified, fees suited to your instruments and the tools you need. The platform is the same everywhere; the broker makes the difference. For MT5 with hedging, market depth, accounts from $50 and a free demo, Vantage is our pick. To go back over the platform basics, see our complete MetaTrader guide.