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MetaTrader 5 (MT5) brokers and prop firms
By Wealth.cat editorial team Updated October 7, 2026 Facts verified on October 7, 2026
Developed by MetaQuotes
Brokers with MetaTrader 5
| Brokers | Our score | Accounts | Min. deposit | Read review |
|---|---|---|---|---|
 Deriv | Not rated yet | Deriv MT5 Standard, Deriv MT5 Swap-Free, Deriv MT5 Zero Spread | $0 | Read review |
 FXPesa | Not rated yet | Standard, Premier | $0 | Read review |
 IC Markets | Not rated yet | Raw Spread, Standard | $0 | Read review |
 Octa | Not rated yet | MetaTrader 5 | $25 | Read review |
 Pepperstone | Not rated yet | Standard, Razor | $0 | Read review |
Prop firms with MetaTrader 5
| Prop firms | Our score | Challenges | From | Read review |
|---|---|---|---|---|
 Alpha Capital Group | Not rated yet | Alpha Pro 8%, Alpha Pro 10% | $177 | Read review |
 FTMO | Not rated yet | FTMO Challenge: 2-Step, FTMO Challenge: 1-Step | €79 | Read review |
 FundedNext | Not rated yet | Stellar 2-Step, Stellar 1-Step | $59.99 | Read review |
 The5ers | Not rated yet | High Stakes (New) — $2.5K to $25K, High Stakes (New) — $50K and $100K, Pro Growth (1-Step Growth) | $19 | Read review |
What MetaTrader 5 is
MetaTrader 5 (MT5) is a trading platform developed by MetaQuotes, the company behind MetaTrader 4. Brokers license it and run their own servers, so the platform looks the same everywhere while prices, symbols and trading conditions depend on the broker. It runs on Windows, macOS, the web, Android and iOS.
Compared with MT4, MT5 adds more timeframes, a built-in economic calendar and market depth, and uses a newer programming language (MQL5) for expert advisors and indicators. Expert advisors written for MT4 do not run on MT5 without changes.
Choosing an MT5 broker or prop firm
- The account type matters more than the platform. The same MT5 terminal can connect to a raw-spread account with commission or to a spread-only account.
- Check the server name. You log in with the server your broker or prop firm gives you; the wrong server is the most common login problem.
- Prop firms add their own rules. Daily and maximum loss limits are enforced by the firm, not by MT5 itself.
The tables list the brokers and prop firms we review that offer MT5.