Best MT5 Forex Brokers in 2024

Regulation

FCA, BaFin, ASIC, DFSA, CMA, SCB, CySEC

Established

2010

Headquarters

Australia

Min Deposits

USD 200

Leverage

1:2000

Platform

MT5, cTrader, MT4, TradingView

More Details

Pros

Fast order execution

24/7 customer service

VPS hosting

Fast and reliable

No dealing desk execution

No minimum account

Cons

No US client accepted

Limited market analysis

Website

pepperstone.com

Email

Address

Level 16, Tower One, 727 Collins Street Melbourne, VIC Australia 3008

TMGM

Headquartered in Australia, TMGM – officially known as Trademax Global Markets – is a forex broker that offers high leverage trading in popular forex pairs and CFDs based on commodities, stock indices, and a very…

Regulation

ASIC, VFSC, FMA and FSC Mauritius

Established

2013

Headquarters

Australian

Min Deposits

USD 100

Leverage

1:1000

Platform

MT4 , MT5, TMGM App

More Details

Pros

0.0 Pips Spreads From

< 30 Ms Execution Speed

12,000+ Trading Instruments

100% Segregated Client Funds

Cons

High inactivity fee

Limited educational materials

Website

tmgm.com

Email

Address

Level 28, One International Tower 100 Barangaroo Avenue, 2000 Sydney NSW Australia

ActivTrades

Regulation

FCA, SCB, BACEN & CVM and CMVM

Established

2001

Headquarters

United Kingdom

Min Deposits

USD 0

Leverage

1:200

Platform

MT5, MT4, TradingView, ActivTrader

More Details

Pros

No Requotes

Ultra-Fast Execution

No Hidden Fees

Spreads from 0.5 pips

Cons

No US Traders

Wide spreads in crypto pairs

Inactivity fee

Website

activtrades.com

Email

Address

The Loom 2.5, 14 Gower’s Walk, London, E1 8PY

IC Markets

★ 4.9 Rating

Regulation

CySEC, ASIC, FSA-Seychelles, SCB

Established

2007

Headquarters

Australia

Min Deposits

USD 100

Leverage

1:500

Platform

MT4, MT5, cTrader, TradingView

More Details

Pros

Spreads from 0.0 pips

Fast Order Execution

Superior Technology

Wide range of assets

Great platform choice

Cons

Limited market analysis

High minimum deposit

Website

icmarkets.com

Email

Address

Eden Plaza, Office 222, Eden Island, Mahe, Seychelles

FxOpen

★ 3.8 Rating

Regulation

ASIC, FCA

Established

2005

Headquarters

Nevis

Min Deposits

USD 100

Leverage

1:1000

Platform

MT4, MT5, TradingView, TickTrader and Fix API

More Details

Pros

Ultra-fast execution

High Leverage

600+ Markets Offered

ECN Technology

Cons

US clients no accepted

Website

fxopen.com

Email

Address

P.O. Box 590, Springates East, Government Road, Charlestown, Nevis

OnEquity

★ 3.8 Rating

OnEquity, established in 2022 and headquartered on Mahé Island, Seychelles, has rapidly positioned itself as a CFD broker offering forex, indices, commodities, shares, and cryptocurrencies. The platform, accessible through the widely recognized MetaTrader 4 and…

Regulation

FSCA, FSA Seychelles

Established

2022

Headquarters

Mahé Island, Seychelles

Min Deposits

$25

Leverage

1:1000

Platform

MT4, MT5

More Details

Pros

Fast Execution

No Hidden Fees

Dynamic Leverage

Research Tools

Low tight spreads

Automated trading

24/5 dedicated support

Fast deposit and withdrawals

Cons

Limited educational content

Website

onequity.com

Email

Address

CT House, Office 6C, Providence, Mahe, Seychelles

Weltrade

★ 3.9 Rating

Weltrade might appeal to new traders seeking low-cost trading with small account sizes. However, its lack of regulation, limited market offerings, and high trading costs on certain accounts raise significant concerns. Based in Saint Vincent…

Regulation

FSC Belize

Established

2006

Headquarters

Saint Vincent

Min Deposits

$1

Leverage

1:1000

Platform

MT4, MT5

More Details

Pros

24/7 Full Support Service

Negative balance protection

Quick Account Verification

Great platform choice

Ultra Fast Withdrawal

Cons

Poorly regulated

Limited educational material

Website

weltrade.com

Email

Address

Suite 305, Griffith Corporate Centre, PO BOX 1510, Beachmont, Kingstown

NordFX

★ 4.0 Rating

NordFX is an international brokerage company offering a comprehensive suite of online trading services. These services encompass trading in currencies, cryptocurrencies, gold, and silver in the Forex market. NordFX also provides investment opportunities in global…

Regulation

VFSC and SEBI

Established

2008

Headquarters

Saint Lucia

Min Deposits

$10

Leverage

1:1000

Platform

MT5, MT4

More Details

Pros

Lowest Spreads

High leverage

Variety of account types

Cons

High spread

Website

nordfx.com

Email