MT5 Brokers

mt5The MT5 platform is the latest in the MetaTrader series. It is supposed to be an advancement over the MT4, but due to the immense popularity of the MT4, not many traders have made the switch to the MT5.

Most brokers who offer the MT5 platform will require that traders open a new account to run exclusively with the MT5 platform.

In our discussion of the MT5 platform, we present MT5 brokers that give traders something extra with which to enhance their enjoyment of the MT5 platform.

Which Forex Brokers offer the Latest MT5 Trading Platform in 2014?

MT5 on the Alpari Platform

MT5 on the Alpari Platform

Alpari

Alpari is coming up for mention here because their MT5 platform has been configured to provide traders with a one stop shop for trading forex and spot metals. In addition, the expert advisor capacity of the MT5 platform offered by Alpari is more advanced than is obtainable in the MT4, with advanced testing, programming and optimization capacity. Alpari also offers free MT5 trading apps for the iPhone, iPad and Android devices, making this MT5 broker one of the few brokers in the market that provide traders with this capacity.

MIG Bank

What sets MIG Bank apart to be classified as a MT5 broker worthy to be listed in this article? MIG Bank’s MT5 platform allows traders to trade forex, spot metals and commodities. With 21 time frames and over 70 tools of technical analysis, the MT5 platform on MIG Bank is truly advanced. MIG Bank has also made it easy to integrate social and copy trading techniques using its MetaTrader5 Trading Signals service. This is a platform of choice for traders who need something extra out of the MT5 platform.

Vantage FX

Vantage FX is the only forex broker that also offers binary options on its MetaTrader platform. This way, a trader can use all the technical analysis tools on the platform to analyze assets to be traded on the binary options market. Does the prospect of trading forex binary options on MT5 excite you? If yes, here is what you will get on VantageFX’s MT5 platform.

–       More than 79 analytical tools and 21 timeframes available. Considering the MT4 has only 9 time frames, this is a huge plus.

–       Traders can open more than 100 charts at a time

–       The MQL5 built-in environment can be used for EA development and optimization.

–       VantageFX is regulated by ASIC.

–       Non-dealing desk execution, providing straight through processing of orders.

–       Traders’ funds are kept in a secure and segregated account with a double A rated bank, the National Australia Bank (NAB).

Fibo Group Holdings

Fibo Group Holdings is a Cyprus-based MT5 FX broker that offers the product for demo trading purposes only. The great thing about this broker is that the MT5 environment is offered on a non-dealing desk platform. There are plans to introduce live trading on the MT5 in a short while. So traders who want a place to try out the MT5 on a demo basis can try this software from the stable of Fibo Group Holdings Ltd.

RoboForex

What makes this MT5 FX broker stand out when it comes to provision of trading services on the MetaTrader5 platform? It is the code base, which is a new tab found on the MT5 of RoboForex. The code base is a collection of custom indicators and expert advisors that provide a one-stop library of free automated software. If you want a piece of the cake, then you may try getting a live MT5 account on RoboForex.

Instaforex

This is another MT5 FX broker that provides the MT5 platform for Windows-based devices. The great thing about using Instaforex’s MT5 platform is that traders can use it to participate in all the forex trading and forex strategy contests that are featured on Instaforex monthly. Use the cutting edge tools on Instaforex’s MT5 platform to get the edge over other contest participants to see how you can put some extra money in your pocket. With the MQL5 environment, it is also possible to create new EAs that will have a creative edge over other software in the forex strategy contests.

Conclusion

Despite the fact that many brokers are still dragging their feet in adopting the MT5 platform, there are some who have taken the bull by the horn and added something extra to the MT5 offering. These brokers are the true MT5 FX brokers who have been deemed worthy of being listed on this page.

Adam

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Adam is an experienced financial trader who writes about Forex trading, binary options, technical analysis and more.

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