The multi-asset MetaTrader 5 enables trading in currencies, stocks, and futures. With Market Depth and a separate accounting system for orders and trades, the MetaTrader 5 platform offers a powerful trading system. You can trade equities and commodities on MetaTrader 5 platform in addition to the standard FX instruments. It also improved connection times and the addition of new indicator tools.
1. Libertex
Libertex is a CFD trading platform and low-spread forex broker. More than 55 currency pairings are available for trading. Main, minors, and exotic pairs are included as well. There is a variance inherent in currency markets. One of the best features of this MetaTrader 5 platform is that clients can trade using CFDs rather than acquiring ownership of the underlying asset.
A large variety of analytical tools are available to traders, including technical indicators, completely customisable charts, and choices for automating portfolio construction. Libertex accepts a variety of payment options for funding trading accounts. You can use debit cards, credit cards, and banking services like iDEAL, Sofort, and others. Additionally, Libertex accepts deposits made using e-wallets like PayPal and Neteller. On the Libertex website, traders can view what is offered in their home nation.
2. AvaTrade
One of the most secure MT5 forex brokers is AvaTrade. Strict compliance guidelines must be followed in all areas, including client asset management, fund security, and financial reports.
The Financial Sector Conduct Authority (FSCA), Financial Services Agency (FSA), Australian Securities and Investments Commission (ASIC), and other organisations regulate it. Customers that qualify may trade with a 1:400 leverage. As a result, the trader can increase their profits by 400 times if they are successful in speculating on a pair’s price movements.
3. FP Markets
When it comes to asset variety, one of the top MT5 forex brokers is FP Markets. Through MT4 and MT5, FP Markets provides 10,000+ CFDs. Standard and raw forex account types are available with MT5. The account will determine the spread of currency pairs. Ra forex accounts start with 0 pips, while the ordinary account allows spreads starting at 1.
4. Oanda
A trustworthy forex broker with eight licensed marketplaces is Oanda. This MT5 platform offers more than 70 different pairings for buying and selling. A built-in economic calendar is another feature that enables traders to always stay on top of the news.
The user only needs to log in or establish an account, making it simple to connect Oanda to MT5 directly through the platform.
5. FXPro
More than 2,100 trading products are available at FXPro, and many types of accounts exist. All platforms provide trading in micro-lots of 0.01 or more. The available leverage will vary depending on the trader’s country, platform, and item bought or sold. The platform and account will affect the spread forex traders must pay.
This platform states that it can carry out trade orders in under 14 milliseconds. Various types of e-wallets like PayPal, Skrill, and Neteller are examples of supported deposit methods, depending on the trader’s place of residence. FXPro also accepts wire transfers and credit/debit cards. Notably, citizens of the US, Canada, and Iran are not eligible to purchase CFDs.
Trading forex stocks, futures, and CFDs are flexible and easy with the MetaTrader 5 platform. It gives novice traders immediate access to asset pricing. Both brokers and traders find MT5 particularly enticing because it has more features, supports trading on all financial markets, and enables sophisticated script testing. By enabling hedging for non-US users, a significant barrier to MT5’s acceptance was eliminated.
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