Platforms: Mirror Trader, ZuluTrade, MT4 Web, MT5 Web, MAC Platforms Regulations: FSA, MIFID-ESMA, ASIC, IIROC, FSCA, Offshore, FSC (British) Minimum Deposit: 100
AvaTrade is another of the most respected and top MT5 forex broker in the industry. They are in operation around the world and have been a consisted and well-trusted forex broker since they were first founded in Ireland where they are well-regulated by the central bank there. If you would like to trade with fixed spreads then this is the choice for you. They are one of the only top brokers to offer this.
When it comes to the account types you can open with AvaTrade, you have a few choices. These include a retail account, an options trading account, and spread betting account depending on your location. The AvaTrade minimum deposit is $100 across all of the accounts and both Islamic and demo accounts are catered for.
You can fund your AvaTrade account type through making a wire transfer, using your credit card, or an eWallet service and most of the deposit methods are fee free. The fixed spread mentioned also starts out at a reasonable 1.3 pips.
Platforms: ZuluTrade, MT4 Desktop, MT4 Web, MT5 Desktop, MT5 Web Regulations: FCA, MIFID-ESMA, ASIC, Offshore Minimum Deposit: 200
The next top MT5 trading platform forex broker we feature is VantageFX. They are a well-known broker based in Australia and they also offer extensive regulatory oversight from some of the most respected names in the industry. These include ASIC, FCA, and CIMA.
With VantageFX you can choose to open a Standard Account or one of the two ECN account types depending on your needs. Regardless of the account type you open, you will be offered trading through the MT5 platform.
VantageFX minimum deposit starts from $200 for the standard account. This amount increases to $500 minimum deposit if you have an ECN account and you can look forward to selecting from a good range of markets. There are 150 CFDs available for you to choose from among these are 40 forex currency pairs with a forex spread starting from 0 pips. Islamic accounts are available and this choice has helped make VantageFX a top Islamic trader choice.
Platforms: MT4 Desktop, MT4 Web, MT5 Desktop Regulations: FCA, MIFID-ESMA, FSCA, CYSEC, FSC (Mauritius) Minimum Deposit: 10
A nominee in the UK Forex Awards 2016 in the category MT5 Platforms, Forextime (FXTM) are a top MT5 forex broker based in Cyprus and also winner of several awards over the years. They are well regulated by a host of the top tier regulatory bodies. These include CySEC (185/12), FSCA (FSP No. 46614), and the IFSC (IFSC/60/345/TS and IFSC/60/345/APM).
FXTM are one of the most well-known market maker brokers around and they offer extensive leverage that can reach up to a huge 1000:1 depending on where you are trading from. This can really help in attracting experienced traders while the low minimum deposit starting from just $5 can be excellent for newer forex traders. This minimum deposit will be $200 if you are opening an ECN account.
Trading with FXTM takes place through the respected MT4 as well as MT5 trading platforms, and you will have a wide range of account types to choose from, 6 in total, 3 of which are dedicated to ECN trading.
Platforms: MT4 Desktop, MT4 Web, MT5 Desktop, MT5 Web Regulations: ASIC Minimum Deposit: $250
FP Markets is another of the top MT5 brokers that is also based in Australian. They are well-trusted and regulated forex broker who have been around the industry for a long time. They operate as a market maker broker who offer ECN/STP execution of trades in the fastest possible way. Beyond the lightning execution, they are overseen by both CySEC and ASIC to ensure complete regulatory compliance.
As well as offering forex traders the opportunity to trade through the MT5 trading platform, you can also trade through MT4 and IRESS trusted platforms. This means there should be something to suit everyone’s trading needs and style. The minimum deposit with FP Markets is an excellent value $100 and the spreads on trading can start from as low as 0 pips.
Platforms: cTrader desktop, cTrader web, Mirror Trader, ZuluTrade, MT4 Desktop, MT4 Web, MT5 Desktop, MT5 Web Regulations: ASIC, CYSEC, Offshore Minimum Deposit: 0
IC Markets are one of the best known forex brokers in the world and also featured as a top MT5 forex broker in our opinion. They are award winning also and are very well regulated by both ASIC and CySEC for your protection as a trader. They are particularly well-renowned by many traders for their range of forex markets and the very low spread that they have in place on many forex currency markets. This makes them a top choice for all levels of forex trader with spreads starting at just 0.1 pips.
Not only active in providing great forex trading, they also offer a wide range of markets in CFDs on indices, commodities, stocks, futures, bonds, and even crypto. There is sure to be some markets available to choose when you are trading with IC Markets.
Added to this and a thing that makes them a great forex broker choice for new traders is that they feature no minimum deposit. They simply suggest that you deposit at least $200 in order to get the best experience from the platform as a forex trader.
Platforms: MT4 Desktop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: MIFID-ESMA, CYSEC, Offshore Minimum Deposit: 1
FBS are next to feature in our collection of the best MT5 forex brokers in the industry. They are a top international broker and the choice of many traders as well as being comprehensively regulated by both CySEC and the IFSC in Belize. These factors along with a great choice in account types make it a top choice for new traders especially.
When it comes to the FBS account type choice, you can select from a Cent Account, a standard account, an ECN account, or a fixed spread zero account. The minimum deposit starts from just $1 for the FBS cent account, a standard account will be $100, fixed spread zero account $500, and an ECN account is available for $1,000 minimum deposit. Both Islamic and demo accounts are available.
When trading with FBS you will also have access to their very user-friendly and well supported proprietary copy trading platform. Looking at the cost of trading, this is also kept very competitive with fixed spreads on the zero account starting from 0 pips. The general spread with FBS outside this account type starts from 0.5 pips.
Platforms: Mirror Trader, MT5 Desktop Regulations: FSA, FCA, MIFID-ESMA, CYSEC Minimum Deposit: 0
Also nominated as one of the best MT5 forex brokers we have Exness, a relatively young Cypriot-Russian broker, founded in 2008. Despite their young age they have already managed to win several awards. They are already very well-established and this is shown by the fact they are already regulated by both the FCA (730729), and CySEC (178/12). They operate as a market maker ECN broker and offer a large selection of markets for you to trade within.
These available markets include many forex currency pairs alongside CFDs in commodities and cryptocurrency. Infact, Exness is moving toward being a broker that is available only if you can qualify as a professional forex trader. This is possible for all if you have enough assets or trading experience in the industry.