Best MT5 Brokers For Trading Forex 2021
MT5 ECN Brokers
All of them can be compared in the table above.
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Taking into account recent NFA hedging rules, Forex brokers who are registered with NFA are very likely to adopt the new MetaTrader 5 platform.
Closer to the end of 2012, the MT5 platform introduction is still going quite slow. Several large Forex brokers have stopped offering MT5 for “demoing” and closed their MT5 promo pages. While the dominant majority of Forex brokers are still in the Demo testing stage.
Only a few Forex brokers this year finally switched to Live MT5, which is a great start, as Forex traders have been waiting for live MT5 platforms for a while. Yet, the broker choice with MT5 platforms today is not very high.
Nevertheless, we believe this should be the right step to a better and faster MT5 introduction in the future!
Update: March 27, 2015
The last stats are as follows:
- 2 brokers moved to MT5 live
- 5 brokers stopped offering the MT5 platform (either Demo or Live)
- 2 brokers who used to offer MT5 went out of business
As we can see by 2015, the list of MT5 brokers still isn’t growing as fast as one would expect. The transition of old MT4 users to MT5 proved to be slow. Will the new investors give preference to MT5? Time will show.
Platforms like this make trading the Forex market a lot considerably easier, they help implement risk management by giving traders the tools to do so (normally in the form of automatic orders) and also allow you to perform technical analysis by providing charting platforms. These platforms are only benefiting the financial trading space.