Regulated brokers offering MT5 — more markets, more timeframes and modern tools. Every one has a free demo to try the platform first.
5 regulated brokers ranked for this, each with a free demo. Rankings reflect our editorial criteria — verify the details before you deposit.
Ultra-fast withdrawals and tight spreads, huge in Asia.
Raw spreads and deep liquidity for cost-sensitive traders.
CFDs are complex instruments with a high risk of losing money rapidly.
Low-cost trading with local funding loved across SE Asia.
Trading involves substantial risk and may not be suitable for everyone.
Beginner-friendly with generous education and micro accounts.
Established multi-regulated broker with pro-grade execution.
CFDs are complex instruments with a high risk of losing money rapidly.
MetaTrader 5 is free from every broker that offers it, so the only real decision is which broker to open it with. That question is about the entity holding your money, the all-in cost at your lot size, and whether withdrawals actually work — not about the platform, which is identical everywhere. Every broker below offers MT5 and a free demo.
MT5 has 21 timeframes against MT4's 9, a built-in economic calendar, depth of market, stocks and futures alongside forex, and a faster strategy tester. MT4 has the larger third-party ecosystem — more indicators, more expert advisors, and far more tutorials whose screenshots match what you see. They are not compatible: an MT4 EA will not run on MT5. If you are new and trading forex, gold or indices, either platform is fine and the broker matters more. Choose MT5 if you want more markets in one terminal or need its newer automation; stay on MT4 if you depend on a specific tool built for it.
Downloading MT5 from MetaQuotes gives you an empty platform with no tradeable prices. It needs a broker's server address and login before it does anything, which is why 'do I need a broker for MetaTrader 5' is one of the most common questions about it. The answer is yes, always. Anyone selling MT5 as a product, or bundling 'MT5 access' with a paid signals subscription, is selling you something that is free.
Open the demo in the same account type you would actually fund — a raw account and a standard account show completely different spreads, so a demo on the wrong one teaches you the wrong number. Then load the instruments you plan to trade, at the hour you plan to trade, for at least a week. Check the spread at your session rather than the advertised average, look at the swap figures in the instrument specification if you hold overnight, and confirm the mobile app is usable. Set the demo balance to what you will really deposit, not $100,000.
If automated trading is the reason you want MT5, ask the broker two questions in writing before funding: does the entity that will hold my account permit expert advisors, and is VPS hosting available? Some entities restrict automation, some restrict specific strategies like latency arbitrage, and a marketing page that says 'EAs supported' is not a statement about your entity. Test any EA on demo across a losing week, not just a winning backtest.
Free · no deposit · most beginners lose money trading real funds