All Share (J203) = 88 342
Rand / Dollar = 18.56
Rand / Pound = 23.33
Rand / Euro = 19.32
Gold (usd/oz) = 2 925.06
Platinum (usd/oz) = 971.01
Brent (usd/barrel) = 75.91
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

10 Best Metatrader 5 Forex Brokers

MetaTrader 5 Broker Banner
 

The 10 Best MetaTrader 5 Forex Brokers revealed. We have rated and reviewed the Best Forex Brokers that offer the MT5 trading platform.

 

This is a complete listing of The 10 Best MetaTrader 5 Forex BrokersIn this in-depth write-up, you will learn:

  • The Top 10 Best MetaTrader 5 Brokers List
  • Best MetaTrader 5 Brokers for Beginners
  • Best MetaTrader 5 Brokers in South Africa
  • Best MetaTrader 5 Brokers in the US
  • How to find a broker for MetaTrader5
  • MT5 Futures Brokers

 

and much, much more!

 

Best MetaTrader 5 Brokers – An MT5 Comparison

🔎 Broker👉 Open an Account5️⃣ MetaTrader5💰 Min. Deposit
🥇 AvaTrade👉 Open Account
Yes$100 / R1806 ZAR
🥈 XM👉 Open AccountYes$5 USD / R88 ZAR
🥉 Pepperstone👉 Open Account
Yes$200 USD / R3557 ZAR
📌 HF Markets👉 Open Account
Yes$5 USD / R88 ZAR
📍 FXTM👉 Open Account
Yes$10 USD / R177 ZAR
📌 FXPro👉 Open Account
Yes$100 / R1806 ZAR
📍 IC Markets👉 Open AccountYes$200 USD / R3557 ZAR
📌 EightCap👉 Open Account
Yes$100 / R1806 ZAR
📍 FP Markets👉 Open Account
Yes$100 / R1806 ZAR
📌 BDSwiss👉 Open AccountYes$10 USD / R177 ZAR

 

10 Best Forex Brokers in South Africa for 2025

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

CySEC, MWALI, FSCA

$25

#4

CySEC, FCA, FSA, FSCA

$100

#5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#6

CySEC, ASIC, FSA, BVI, FSCA

$25

#7

ASIC, CySEC, FSA, SCB

$200

#8

ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

#9

FCA, CySEC, FSCA, SCB

$100

#10

FSCA, FSC, ASIC, CySEC, DFSA

$5

#1

4.8/5

User Score

#2

4.7/5

User Score

#3

4.7/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.0/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.5/5

User Score

#10

4.9/5

User Score

 

MetaTrader 5 – A Definition

MetaTrader 5 (MT5) is a multi-asset trading platform that allows traders to view charts, stream live prices, and place orders with their broker.

 

10 Best MetaTrader 5 Forex Brokers (2025)

  1. AvaTrade – Overall, Best MetaTrader5 Broker
  2. XM – Popular Forex Broker for Experience Traders
  3. Pepperstone – Full MetaTrader Suite
  4. HF Markets – Highly Regulated Broker Choice
  5. FXTM – Low Deposit MT5 Broker
  6. FXPro – Excellent MT5 Mobile Trading Experience
  7. IC Markets – Low Spread MT5 Broker
  8. EightCap – High Forex Trust Score
  9. FP Markets – Best MT5 Broker for Beginners
  10. BDSwiss – Award-Winning MetaTrader5 Broker

 

1. AvaTrade

AvaTrade Review

 

AvaTrade is considered to be one of the leading Forex Service providers in the world.  AvaTrade clients will have full access to competitive spreads, a wide range of automated trading platforms, and market-leading customer support.

 

Min Deposit

USD 100

Regulators

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

Trading Platform

MT4, MT5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

AvaTrade’s MT5 Trading platform is state-of-the-art and boasts advanced features such as auto trading systems, technical tools, and copy trading.

 

Featured

Company Information
📅Year Founded2006
🧑🏻‍💻Amount of staff614
👩‍💻Amount of active traders300,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationCBI,
BVI FSC,
ASIC,
FSCA,
ADGM,
FRSA,
ISA
🌎Country of regulationIreland,
Australia,
Japan,
South Africa,
Abu Dhabi,
British Virgin Islands, European Union, Polish Branch.
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes, Up to €20,000 under CySEC Investor Compensation Fund (ICF) (for EU clients) |
* Up to AUD$250,000 under ASIC Client Money Protection Scheme (CMPS) (for Australian clients) |
Account Types and Features
➕AccountsStandard Account,
Retail Islamic account,
Professional account
💳Institutional AccountsYes
👨‍💼Managed AccountsAvaTrade offers copy trading (AvaSocial) but doesn't directly manage accounts.
📇Minor account currenciesAUD,
JPY,
GBP,
USD,
EUR,
CHF
💰Minimum Deposit$100 USD
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeFree up to a certain amount
📊Spreads from0.7 pips
💸CommissionsNo
💱Number of base currencies supportedOver 50
🚀Swap FeesOvernight financing fees apply
📈LeverageUp to 400:1
📏Margin requirements0.50%
☪️Islamic account (swap-free)Yes,
available upon request
💻Demo AccountYes
⌛Order Execution TimeTypically within milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 1,250+
🗠CFD Stock IndicesMajor global indices
(e.g., US 30, FTSE 100, DAX 30)
⚖️CFD CommoditiesPrecious metals (gold, silver),
Energy
(oil, gas),
Agricultural
(wheat, corn)
📜CFD SharesThousands of shares from various global exchanges (US, Europe, Asia)
Deposits and Withdrawals
💳Deposit OptionsCredit/debit cards,
bank transfers,
electronic wallets.
💵Withdrawal OptionsMust be sent via the same payment method used for deposit
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4) * MetaTrader 5 (MT5) * AvaTrade WebTrader * AvaTrade Mobile App * AvaOptions (for options trading) * DupliTrade & ZuluTrade (for copy trading)
👩‍💻OS CompatibilityWindows,
macOS,
Web,
Mobile
(Android, iOS)
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes 24/7
📱Customer Support email addressOnline email on website
📞Customer Support Contact Number+447520644093
👾Social media PlatformsFacebook,
Twitter,
Instagram
🗣️Languages supported on WebsiteOver 14 languages, including English, Spanish,
French,
German,
Italian,
Arabic,
Russian,
Portuguese
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners70 000
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programYes
👉Open AccountOpen Account

 

AvaTrade MT5

 

Pros and Cons

✅ Pros❌ Cons
Easy Account openingLimited product portfolio
No withdrawal feeAdministration fee
Low trading feesInactivity fee
Negative balance protectionNot listed on stock exchange

 

Our Findings

AvaTrade offers a comprehensive range of asset classes, including forex, commodities, stocks, and cryptocurrencies. The broker provides competitive spreads starting from 0.9 pips and has a strong regulatory standing.

 

2. XM

XM.com Review

 

XM is a well-established and experienced service provider that offers access to trade Forex, Crypto CFDs, Stocks, Metals, and More.  XM offers its services and 24/7 Customer Support to thousands of clients in over 190 countries across the globe.

 

Min Deposit

USD 5

Regulators

FSC, CySEC, ASIC,

Trading Platform

MT4, MT5

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

The XM MetaTrader5 platform comes stacked with a large variety of notable features. XM MT5 features include:

  • 1 Single Login Access to 9 Platforms
  • Spreads as low as 0.6 pips
  • Full EA Functionality
  • One Click Trading

 

Featured

Company Information
📅Year Founded2009
🧑🏻‍💻Amount of staff450+
👩‍💻Amount of active tradersOver 5 million
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationIFSC,
FCA,
CySEC,
ASIC,
CMA
🌎Country of regulationAustralia,
Cyprus,
Belize
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesICF (Investor Compensation Fund)
Account Types and Features
➕AccountsStandard,
Raw Spread,
Standard Cent,
Zero,
Pro
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currenciesUSD,
EUR,
GBP,
AUD,
ZAR
💰Minimum Deposit$5 / R89
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeNone
📊Spreads from0.6 pips
💸CommissionsNone
💱Number of base currencies supported11
🚀Swap FeesApplicable
📈LeverageUp to 1:1000
📏Margin requirementsVaries by asset and region
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution Time0.01 seconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total Offered1,000+
🗠CFD Stock Indices30+
⚖️CFD Commodities15+
📜CFD Shares1,200+
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
💵Withdrawal OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
Trading Platforms and Tools
💻Trading PlatformsMT4,
MT5,
XM WebTrader
👩‍💻OS CompatibilityWindows,
macOS,
Android,
iOS
🖥️Forex trading toolsTrading signals, indicators,
VPS
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport@xm.com
📞Customer Support Contact Number+357 25029933
👾Social media PlatformsFacebook,
Twitter,
Instagram,
YouTube
🗣️Languages supported on Website25+
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes (in multiple languages)
📚Educational ResourcesArticles,
tutorials,
videos,
webinars
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersOver 5,000
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes, sponsorship agreement with LALIGA, the top professional football division in Spain
🪙Rebate programYes
👉Open Account👉 Open Account

 

XM MT5

 

Pros and Cons

✅ Pros❌ Cons
Fast digital account openingAccount types vary according to jurisdiction

 

Our Findings

XM offers a comprehensive trading environment with low spreads starting from 0.6 pips and access to over 1,000 instruments, including forex, stocks, and commodities. Regulated by multiple authorities, such as CySEC and ASIC

 

3. Pepperstone

Pepperstone Review South Africa

 

Pepperstone is an award-winning Forex Broker that ASIC, FCA, and CMA fully regulate.  Client funds are kept in segregated accounts and multilingual support is available – 24/5.

 

Min Deposit

USD 0

Regulators

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

Trading Platform

MT4, MT5, cTrader, TradingView

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

The Pepperstone MetaTrader5 platform offers fast processing times, the ability to hedge positions, and access to 38 built-in indicators plus 21 timeframes.

 

Featured

🔎BrokerPepperstone
Company Information
📅Year Founded2010
🧑🏻‍💻Amount of staff300+
👩‍💻Amount of active traders300,000+
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationASIC,
BaFin,
CMA,
CySEC,
DFSA,
FCA,
SCB
🌎Country of regulationAustralia,
UK,
Dubai,
Bahamas,
Kenya
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesFSCS
(UK clients)
Account Types and Features
💳Institutional AccountsNo
👨‍💼Managed AccountsYes (MAM/PAMM)
📇Minor account currenciesUSD, EUR, GBP, AUD, JPY, CHF
💰Minimum Deposit$0 USD
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeNo fees
📊Spreads from0.0 pips
💸CommissionsFrom $3.50 per lot (Razor Account)
💱Number of base currencies supported10+
🚀Swap FeesApplicable (except Islamic accounts)
📈LeverageUp to 1:500
📏Margin requirementsVaries by asset
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution Time30ms
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total Offered1,200+
🗠CFD Stock Indices15+
⚖️CFD Commodities25+
📜CFD Shares900+
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
💵Withdrawal OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
Trading Platforms and Tools
💻Trading PlatformsMT4,
MT5,
cTrader
👩‍💻OS CompatibilityWindows,
macOS,
Android,
iOS
🖥️Forex trading toolsSmart Trader Tools, Autochartist,
VPS
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport@pepperstone.com
📞Customer Support Contact Number+44 203 097 8755
👾Social media PlatformsFacebook,
Twitter,
Instagram,
YouTube
🗣️Languages supported on Website10+
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesArticles,
videos,
webinars,
tutorials
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners1,000+
📋IB ProgramYes
🪙Rebate programYes
👉Open Account👉 Open Account

 

Pepperstone MT5

 

Pros and Cons

✅ Pros ❌ Cons
Fast Account OpeningMostly CFDs Offered
Excellent Customer SupportBasic MetaTrader Platform
Negative Balance ProtectionNo Managed Accounts

 

Our Findings

Pepperstone stands out for its ultra-low spreads, starting from 0.0 pips, and advanced trading platforms like MetaTrader 4 and 5. It is regulated by top authorities such as ASIC and FCA.

 

4. HF Markets

 

HFM Review

 

HF Markets is an award-winning forex and commodities broker that allows investors to trade in global markets.

 

Min Deposit

USD 0 / ZAR 0

Regulators

FSCA, DFSA, FSC, CMA. FCA

Trading Platform

MT4, MT5, HFM Platform

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

No Trading Fees

Account Activation

24 Hours

 

The HF Markets MetaTrader5 is available for PC, iPhone, iPad, Android, and Web.  Advantages of using the MetaTrader5 Desktop platform include:

  • Available for all browsers and operating systems
  • Access trading history
  • One Click Trading
  • 9 timeframes
  • 38 technical indicators

 

Featured

🔎BrokerHFM
Company Information
📅Year Founded2010
🧑🏻‍💻Amount of staff500+
👩‍💻Amount of active traders300,500 000 mil
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFSCA,
CySEC,
FCA,
DFSA,
FSA,
CMA
🌎Country of regulationUK,
South Africa,
Cyprus
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsPremium Account,
Zero Spread Account,
Pro Account,
HFcopy Account
💳Institutional AccountsYes
👨‍💼Managed AccountsNot offered
📇Minor account currenciesAUD,
GBP,
USD,
EUR,
CAD,
CHF,
JPY,
SGD,
HUF,
PLN,
NZD,
ZAR
💰Minimum Deposit$0 USD / 0 ZAR
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeFree up to a certain amount
📊Spreads from0.1 pips
💸CommissionsNo
💱Number of base currencies supportedOver 50
🚀Swap FeesOvernight financing fees apply
📈Leverage1:30
📏Margin requirements0.50%
☪️Islamic account (swap-free)Yes,
available upon request
💻Demo AccountYes
⌛Order Execution TimeTypically within milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 500+
🗠CFD Stock IndicesYes,
HFM offers CFDs on major global stock indices,
including US30 (Dow Jones),
UK100 (FTSE),
and many more.
⚖️CFD CommoditiesYes,
HFM provides CFDs on a variety of commodities, including Gold, Oil, and others.
📜CFD SharesYes,
HFM allows trading CFDs on a selection of popular company shares,
such as Amazon and Meta.
However, the total number of individual stock CFDs may be limited compared to specialized stock brokers.
Deposits and Withdrawals
💳Deposit OptionsCredit/debit cards,
bank transfers,
electronic wallets.
💵Withdrawal OptionsMust be sent via the same payment method used for deposit
Trading Platforms and Tools
💻Trading PlatformsHFM Platform, MT4
👩‍💻OS CompatibilityWindows,
macOS,
Web,
Mobile
(Android, iOS)
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes 24/5
📱Customer Support email addresssupport.za@hfm.com
📞Customer Support Contact Number+27-104 439 924
👾Social media PlatformsFacebook,
Twitter,
Instagram
🗣️Languages supported on Website27 languages
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes, HFM offers a multi-award winning affiliate program with competitive commissions, marketing tools, and dedicated support.
👨‍🏫Amount of partners41 000
📋IB ProgramYes, HFM has a dedicated IB (Introducing Broker) program with custom solutions for introducing new clients.
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programYes
👉Open Account👉Open Account

 

HF Markets MT5

 

Pros and Cons

✅ Pros❌ Cons
Wide range of markets: Foreign Exchange, Stocks, Cryptocurencies, Gold, Silver, Copper, Government Securities, Mutual Funds, Exchange Traded Funds.Offshore entities: Some regulations are in less secure offshore zones
Negative balance protection: But can’t lose more than its deposit.No U.S. clients: Not available to U.S. traders
Multiple platforms: MetaTrader 4, MetaTrader 5, WebTrader, Mobile.Basic research tools: Limited advanced analysis features
High leverage: Up to 1:2000Fees applicable when the account has been unused
Fast execution: Quick trades with low delaysBonus restrictions: Bonuses vary by region
Strong regulation: FCA, FSCA, CySEC, DFSA, FSATransparency on fees: Some fees are less clear, depending on account and region

 

Our Findings

HFM stands out for its wide range of trading instruments, including forex, commodities, indices, and competitive spreads starting from 0.1 pips. It is well-regulated by multiple authorities, such as CySEC and the FCA.

 

5. FXTM

ForexTime Review

 

FXTM is a global CFD and FX broker that provides spreads from zero, 1000+ instruments, and first-class education.

 

Min Deposit

USD 200

Regulators

FCA, FSC, FSCA

Trading Platform

MT4, MT5, FXTM Trader

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

The FXTM MetaTrader5 trading platform is loaded with technical tools, indicators, and price charts in over 20+ languages.

 

Featured

🔎BrokerFXTM
Company Information
📅Year Founded2011
🧑🏻‍💻Amount of staff700+
👩‍💻Amount of active tradersOver 3 million
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFCA,
FSCA,
FSC
🌎Country of regulationUK,
South Africa,
Mauritius
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesICF (Investor Compensation Fund)
Account Types and Features
💳Institutional AccountsYes
👨‍💼Managed AccountsYes (PAMM accounts)
📇Minor account currenciesUSD,
EUR,
GBP,
AUD,
ZAR
💰Minimum Deposit$200 / R3709
Trading Conditions
🕞Average deposit/withdrawal processing time1-2 business days
🪙Fund Withdrawal FeeVaries by method
📊Spreads from0.1 pips
💸CommissionsFrom $4 per lot (on certain accounts)
💱Number of base currencies supported7
🚀Swap FeesApplicable
📈LeverageUp to 1:2000
📏Margin requirementsVaries based on leverage and asset
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution Time0.01 seconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total Offered250+
🗠CFD Stock Indices11
⚖️CFD Commodities6
📜CFD Shares120+
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
💵Withdrawal OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
Trading Platforms and Tools
💻Trading PlatformsMT4,
MT5,
FXTM Trader App
👩‍💻OS CompatibilityWindows,
macOS,
Android,
iOS
🖥️Forex trading toolsTrading signals,
VPS,
economic calendar
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport@fxtm.com
📞Customer Support Contact Number+44 203 734 1071
👾Social media PlatformsFacebook,
Twitter,
Instagram,
YouTube
🗣️Languages supported on Website15+
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesArticles,
tutorials,
videos,
webinars
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners3,000+
📋IB ProgramYes
🪙Rebate programYes
👉Open Account👉 Open Account

 

FXTM MT5

 

Pros and Cons

✅ Pros❌ Cons
Fast execution speedsBonus programs might be restricted in some regions.
High leverage (up to 1:2000)High leverage can increase risk, especially for beginners.
Tight spreads on ECN accountsLower leverage options for EU/UK clients due to regulations (1:30 for retail traders).
Access to MetaTrader 4 & 5High inactivity fees if the account is dormant.
Good educational resourcesCustomer support can sometimes be slow during peak times.
Regulated by several authorities (FCA, CySEC, FSCA)Limited product offering outside Forex (fewer stocks and indices).

 

Our Findings

FXTM delivers a solid trading experience with tight spreads starting from 0.1 pips and diverse trading options across forex, commodities, and CFDs. It is regulated by major entities like CySEC and the FCA, ensuring reliable security.

 

6. FXPro

FXPro Review

 

FxPro offers clients access to Contracts for Difference (CFDs) on 6 asset classes, top-tier liquidity, and advanced trade execution without dealing desk intervention.

 

Min Deposit

USD 100

Regulators

FCA, CySEC, FSCA, SCB

Trading Platform

MT4, MT5

Crypto

No

Total Pairs

70

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

FXPro MetaTrader5 is one of the most widely used platforms in the industry and comes with a long list of impressive features.  FXPro MT5 features include:

  • 38+ preinstalled technical indicators
  • 44 analytical charting tools
  • 3 chart types & 21 time – frames
  • Detachable charts
  • 1-click trading & trade from charts
  • Trailing stop

 

Featured

Company Information
Company NameFxPro
🏢 Company InformationFxPro Group Limited
📅 Year Founded 2006
👩‍💼👨‍💼 Current CEOCharalambos Psimolophitis
👩‍💼👨‍💼 Founder/sDenis Sukhotin
👥 Amount of staffOver 200 employees
👨‍💻 Amount of active tradersOver 1.8 million
📈 Publicly Traded (Listed Company)No
🇬🇧 Regulation and SecurityStrong regulatory oversight
🇬🇧 RegulationFCA, CySEC, FSCA
🇬🇧 Country of regulationUK, Cyprus, South Africa
💼 Account SegregationYes, funds are segregated
🚫 Negative balance protectionYes
🔐 Two-step AuthenticationAvailable
🛡️ Investor Protection SchemesYes, under regulatory authorities
📋 Account Types and FeaturesStandard, MT4, MT5, and cTrader accounts
🏦 Institutional AccountsYes
📊 Managed AccountsNo
💱 Minor account currenciesUSD, EUR, GBP, ZAR
💰 Minimum Deposit$100 / 1700 ZAR
📊 Trading ConditionsCompetitive spreads, fast execution
⏳ Average deposit/withdrawal processing time1-2 business days
💵 Fund Withdrawal FeeNo fees on most methods
📉 Spreads from0.0 pips
💸 CommissionsOn cTrader accounts (from $4.5)
🌍 Number of base currencies supported7
📈 Swap FeesYes, applicable on overnight trades
📈 LeverageUp to 1:500
📊 Margin requirements2%
🌙 Islamic account (swap-free)Yes
🎓 Demo AccountYes, unlimited
⏱️ Order Execution Time< 11ms
☁️ VPS HostingAvailable for high-frequency traders
🌍 Global OfficesUK, Cyprus, Bahamas, Dubai
👆 One-Click TradingYes
🤖 Expert AdvisorsSupported on MT4/MT5
📊 Trading InstrumentsForex, Stocks, Indices, Metals, Energy
📊 CFDs-Total OfferedOver 2000 instruments
📈 CFD Stock IndicesYes, major global indices
🛢️ CFD CommoditiesYes, energy and metals
📉 CFD SharesYes, large selection
👀 Watch listCustomizable
🔔 Trade AlertsYes
📈 Trading Stocks with GPYes
📊 Trading Indices with GPYes
🛠️ Swap on trading boardYes
💳 Deposits and WithdrawalsCredit/Debit cards, Bank Wire, PayPal, Skrill, Neteller
💳 Deposit OptionsMultiple methods supported
💸 Withdrawal OptionsSame as deposit methods
🎁 Welcome BonusNo
💻 Trading Platforms and ToolsMT4, MT5, cTrader, FxPro Edge
🚦 Stop-loss InstrumentYes
🛡️ Investor Protection SchemesYes, under regulatory bodies
🖥️ OS CompatibilityWindows, macOS, iOS, Android
🔧 Forex trading toolsYes, extensive
💬 Customer Support24/5 support available
💬 Live chat availabilityYes, 24/5
📧 Customer Support Email addresssupport@fxpro.com
📞 Customer Support Contact Number+44 (0) 203 151 5550
🌐 Languages supported on FxPro Website18 languages
📚 Educational Resources and SupportWebinars, articles, video tutorials
👍 Beginners Trader friendly UXYes
📚 Forex courseYes, basic to advanced
🖥️ WebinarsYes
📖 Educational ResourcesYes, rich library
🤝 Partnerships and ProgramsYes
🤝 Affiliate program?Yes
🤝 Amount of partners10,000+
📈 IB ProgramYes
⚽ Do they sponsor any notable events or teams?Yes, McLaren F1 team
💰 Rebate programYes, for IBs
🗨️ Community ForumNo
📱 Social Media PlatformsFacebook, Twitter, Instagram, YouTube, LinkedIn
🌐 Official Website addressFxPro
📘 Official Facebook PageFxPro
🐦 Official Twitter PageFxPro
📺 Official YouTube ChannelFxPro
🔗 Official Linkedin PageFxPro
📸 Official Instagram PageFxProGlobal
🇿🇦 Regulatory Status in South AfricaFSCA regulated
🇿🇦 Accept South Africa Traders?Yes
🏛️ Is FxPro regulated by the South Africa regulatory body (FSCA)?Yes
🤝 Does FxPro offer an Affiliate Program for South African Traders?Yes
💱 Does FxPro allow accounts to be opened in ZAR / Rands?Yes
🚀 Open AccountOpen Account

 

FXPro MT5

 

Pros and Cons

✅ Pros❌ Cons
Segregates client fundsNot ASIC Regulated
Highly Regulated (FCA, CySEC, FSCA)High trading fees
Low Minimum DepositInactivity Fee
User-Friendly account registrationOnly CFDs and Forex
Fast Trade Execution (Ultra-low latency)No Bonuses or Promotions
Multiple Trading Platforms (MT4, MT5, cTrader, FxPro Edge)Limited Range of Tradable Assets (No direct stocks or ETFs)
No Deposit FeesHigher Spreads on Some Accounts
24/5 Multilingual SupportNo Social Trading Features

 

Our Findings

FxPro offers a well-rounded trading experience with competitive spreads from 0.3 pips and access to various instruments, including forex, shares, and commodities. Major authorities like the FCA and CySEC regulate.

 

7. IC Markets

IC Markets Review

 

IC Markets is a renowned Forex CFD provider that offers low spreads, fast execution, and superior technology.  IC Markets is regulated by the Financial Services Authority of Seychelles (FSA) and offers unrivaled 24/7 customer support.

 

Min Deposit

USD 200

Regulators

ASIC, CySEC, FSA, SCB

Trading Platform

MT4, MT5, WebTrader

Crypto

Yes

Total Pairs

61

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

IC Markets MetaTrader 5 is an all-in-one trading platform for forex, stocks, indices, bonds, cryptocurrencies, and CFDs on Commodities.

 

Featured

🔎BrokerIC Markets
Company Information
📅Year Founded2007
👨‍💼 Current CEOAndrew Budzinski
🏗️ Founder/sAndrew Budzinski
🧑🏻‍💻Amount of staff852
👩‍💻Amount of active traders180,000+
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationCySEC,
ASIC,
SCB,
FSA
🌎Country of regulationAustralia, Cyprus, Seychelles
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
🔐 Two-step AuthenticationYes
Account Types and Features
➕AccountscTrader,
Raw Spread,
standard
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currenciesAUD,
USD,
JPY,
EUR,
NZD,
SGD,
GBP,
CAD,
HKD,
CHF,
RMB,
💰Minimum Deposit$200 USD
Trading Conditions
🕞Average deposit/withdrawal processing timeInstant for deposits, 1-2 business days for withdrawals
🪙Fund Withdrawal FeeFree, but may vary based on payment method and account type
📊Spreads fromFrom 0.0 pips
💸Commissions$3 per lot per side
💱Number of base currencies supported10+
🚀Swap FeesOvernight financing fees apply
📈LeverageUp to 1:500
📏Margin requirements100 USD traded, 1 USD margin
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeTypically within milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total Offeredover +2200
🗠CFD Stock Indices25+
⚖️CFD Commodities22+
s
📜CFD Shares1,600+
👀 Watch listYes
📢 Trade AlertsNo
📉 Trading Stocks with GPYes
📊 Trading Indices with GPYes
💱 Swap on the trading boardYes
Deposits and Withdrawals
💳Deposit OptionsCredit Card,
Debit Card,
PayPal,
Skrill,
Neteller,
UnionPay,
Wire Transfer,
Bpay,
FasaPay,
Poli
💵Withdrawal OptionsCredit Card,
Debit Card,
PayPal,
Skrill,
Neteller,
UnionPay,
Wire Transfer,
Bpay,
FasaPay,
Poli
🎁 Welcome BonusNo
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader
👩‍💻OS CompatibilityWindows,
Mac (via emulation), Android,
iOS
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes 24/7
📱Customer Support email addresssupport@icmarkets.com (General)
📞Customer Support Contact NumberThailand: +661800011956
Indonesia: +6280332160329
Colombia: +5718005190364
Vietnam: +8412032513
👾Social media PlatformsFacebook,
Twitter,
Instagram
🗣️Languages supported on Website15 +
Educational Resources and Support
🎓 Beginners Trader friendly UXYes
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes, articles, videos, and tutorials
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersOver 2 500+
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes, the Qatar Economic Forum 2025
🪙Rebate programYes
💬 Community ForumNo
South African Trader Specific Information
🌐 Official Website addresswww.icmarkets.com
👍 Official Facebook PageYes
🐦 Official Twitter PageYes
▶️ Official Youtube ChannelYes
🏢 Official Linkedin PageYes
📸 Official Instagram PageYes
🌍 South African Specific Information
Does IC Markets Accept South African Traders?Yes
Is IC Markets regulated by the South African regulatory body (FSCA)?No
Does IC Markets offer an Affiliate Program for South African Traders?Yes
Does IC Markets allow opening trading accounts in ZAR (South African Rand)?Yes
👉Open AccountOpen Account

 

IC Markets MT5

 

Pros and Cons

✅ Pros❌ Cons
Low Forex FeesLimited Product Selection
Easy Account OpeningSlow Chat Response

 

Our Findings

IC Markets excels with some of the lowest spreads in the industry, starting from 0.0 pips. The broker provides access to a wide range of trading instruments, including forex, commodities, and indices. It is well-regulated by ASIC, CySEC, and SCB.

 

8. EightCap

EightCap Review

 

EightCap is an award-winning Australian financial service provider that offers access to currencies (Forex), commodities, indices, cryptocurrencies, and shares to global customers.  EightCap is well-regulated by ASIC and the SCB.

 

Min Deposit

USD 100

Regulators

ASIC, FCA, CySec and SCB

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

55

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

EightCap MT5 is a multi-asset trading platform that allows users to trade Forex, Indices, Commodities, or Shares.

 

Featured

Company Information
📅Year Founded2009
🧑🏻‍💻Amount of staff100+
👩‍💻Amount of active traders40,000+
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationASIC,
FCA,
SCB,
CySec
🌎Country of regulationAustralia,
UK,
The Bahamas,
Cyprus,
England and Wales
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes,
in line with regulatory frameworks
Account Types and Features
➕AccountsStandard Account,
Retail Islamic account,
Professional account
💳Institutional AccountsYes
👨‍💼Managed AccountsNo
📇Minor account currenciesAUD,
USD,
EUR,
GBP,
NZD,
CAD,
SGD
💰Minimum Deposit$100 / R1806
Trading Conditions
🕞Average deposit/withdrawal processing time1-2 business days
🪙Fund Withdrawal FeeNone
📊Spreads from0.0 pips
💸Commissions$3.50 per lot
💱Number of base currencies supported6
🚀Swap FeesYes
📈LeverageUp to 1:500
📏Margin requirementsBased on instrument
and account type
☪️Islamic account (swap-free)Yes
💻Demo AccountYes, unlimited
⌛Order Execution TimeLess than 0.1 seconds
📆VPS HostingYes, free VPS for eligible clients
Trading Instruments
🧾CFDs-Total Offered250+
🗠CFD Stock Indices10+
⚖️CFD Commodities5
📜CFD Shares100+
Deposits and Withdrawals
💳Deposit OptionsVisa,
POLI,
Bank Wire,
BPAY,
China UnionPay,
Skrill,
Neteller,
Cryptocurrency,
PayPal,
WorldPay,
FasaPay,
PSP,
PayRetailers
💵Withdrawal OptionsVisa,
POLI,
Bank Wire,
BPAY,
China UnionPay,
Skrill,
Neteller,
Cryptocurrency,
PayPal,
WorldPay,
FasaPay,
PSP,
PayRetailers
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4,
MetaTrader 5
👩‍💻OS CompatibilityWindows,
macOS,
Android,
iOS
🖥️Forex trading toolsAutochartist,
trading
signals,
VPS,
economic calendar
Customer Support
🗣️Live chat availabilityYes 24/5
📱Customer Support email addressglobal@eightcap.com
📞Customer Support Contact Number+61 3 8592 2375
👾Social media PlatformsFacebook,
LinkedIn,
Twitter
🗣️Languages supported on WebsiteEnglish,
Chinese,
Spanish,
Portuguese,
Thai
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes, regularly held
📚Educational ResourcesBlog,
tutorials,
trading guides
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersNot specified
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programYes
👉Open Account👉 Open Account

 

EightCap MT5

 

Pros and Cons

✅ Pros ❌ Cons
Low Forex FeesSlim Product Selection
Quick Account ApplicationLimited Research
Free Deposit and WithdrawalLack of Investor Protections

 

Our Findings

Eightcap is an Australian-based broker known for offering competitive spreads and fast execution on MetaTrader 4 and 5 platforms. It provides a wide range of tradable assets, including forex, indices, commodities, and cryptocurrencies.

 

9. FP Markets

FPMarkets Review

 

FP Markets is an Australian-based, multi-asset broker that offers access to CFDs across Forex, Shares, Indices, Commodities & Cryptocurrencies.

 

Min Deposit

USD 100

Regulators

ASIC, CySEC, FSCA, CMA

Trading Platform

MT4, MT5, Iress Trader, cTrader

Crypto

Yes

Total Pairs

70+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

The FP Markets MT5 platform is available across desktops, the web, and multiple smart devices.  MT5 Platform features include:

  • Spreads from 0.0 pips
  • leverage up to 500:1
  • 6 pending stop order types

 

Featured

Company Information
📅Year Founded2005
🧑🏻‍💻Amount of staff274
👩‍💻Amount of active tradersOver 200,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationASIC, CySEC, FSCA, FSA, FSC
🌎Country of regulationAustralia, Cyprus
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsStandard, Raw ECN, and VIP accounts available
💳Institutional AccountsYes, tailored solutions for institutional clients
👨‍💼Managed AccountsYes, offered through third-party managed account services
📇Minor account currenciesUSD, EUR, GBP, AUD, JPY, and others
💰Minimum Deposit$100 USD
Trading Conditions
🕞Average deposit/withdrawal processing timeDeposits are typically processed instantly; withdrawals usually within 1-2 business days
🪙Fund Withdrawal FeeGenerally no fees for withdrawals; may vary based on method
📊Spreads fromSpreads start from 0.0 pips on Raw ECN accounts
💸CommissionsFrom $3.5 per side per lot on Raw ECN accounts
💱Number of base currencies supportedOver 10 base currencies including USD, EUR, GBP, AUD, JPY, and others
🚀Swap FeesSwap fees apply; may vary depending on the position and account type
📈LeverageUp to 1:500 depending on the account type and instrument
📏Margin requirementstypically 0.2% - 1%
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeTypically 40-50 milliseconds on Raw ECN accounts
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 1,000 CFDs across various asset classes
🗠CFD Stock IndicesYes,Major global indices including S&P 500, NASDAQ, FTSE 100, DAX, and more
⚖️CFD CommoditiesYes, Includes commodities such as Gold, Silver, Oil, Natural Gas, and more
📜CFD SharesYes, A wide range of global stocks from major markets including US, UK, EU, and Asia
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit Cards, Bank Transfers, PayPal, Skrill, Neteller, and other e-wallets
💵Withdrawal OptionsBank Transfers, Credit/Debit Cards, PayPal, Skrill, Neteller, and other e-wallets
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS
👩‍💻OS CompatibilityWindows, Mac (via emulation), Android, iOS
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes, available 24/5
📱Customer Support email addresssupport@fpmarkets.com
📞Customer Support Contact Number+61 2 8252 6800 (Australia) or +44 20 8068 0760 (UK)
👾Social media PlatformsFacebook, Twitter, Instagram
🗣️Languages supported on WebsiteEnglish, Chinese, Arabic, and other major languages
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersOver 100,000 affiliates
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programYes
South African Trader Specific Information
Does FP Markets Accept South African Traders?Yes
Is FP Markets regulated by the South African regulatory body (FSCA)?Yes
Does FP Markets offer an Affiliate Program for South African Traders?Yes
Does FP Markets allow opening trading accounts in ZAR (South African Rand)?Yes
👉Open AccountOpen Account

 

FP Markets MT5

 

Pros and Cons

✅ Pros❌ Cons
Easy and fast account openingLimited product portfolio
Low trading feesHigh CFD fees
Fast execution of tradesHigh minimum deposit
Low Forex feesHigh fee for international bank withdrawal

 

Our Findings

FP Markets offers a strong trading environment with competitive spreads starting from 0.0 pips and a broad selection of instruments, including forex, commodities, and indices. The broker is well-regulated by ASIC and the CySEC.

 

10. BDSwiss

BDSwiss Review

 

BDSwiss is a leading financial services provider that offers Forex and CFD investment services to more than a million clients across the globe.  BDSwiss is fully regulated by the FSC and FSA.

 

Min Deposit

USD 10

Regulators

FSCA, FSC, FSA, MISA

Trading Platform

MT4, MT5, WebTrader, BDSwiss app

Crypto

Yes

Total Pairs

53

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

The BDSwiss MetaTrader5 platform provides access to analytical tools and functions, multi-asset trading, and Multi-language features.

 

Featured

Company Information
📅Year Founded2012
🧑🏻‍💻Amount of staff370
👩‍💻Amount of active tradersOver 1 million
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️Regulation
🌎Country of regulationSeychelles, Mauritius, South Africa, Union of Comoros
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsCent Account, Classic Account, VIP Account, Raw account
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currencies7
💰Minimum Deposit$10 USD
Trading Conditions
🕞Average deposit/withdrawal processing time24 hrs
🪙Fund Withdrawal FeeFree, but may vary based on payment method and account type
📊Spreads fromFrom 0.0 pips
💸CommissionsCent & Classic: $0 on pairs / $2 on indices / 0.15% on shares
VIP: $0 on pairs & indices / 0.15% on shares
Zero-Spread : $6 on pairs & commodities / $2 on indices / 0.15% on shares
💱Number of base currencies supported4
🚀Swap FeesOvernight financing fees apply
📈LeverageUp to 1:400 and 1:2000
📏Margin requirementsa 1% margin requirement
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeTypically within milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 250
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.),
💵Withdrawal OptionsCredit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.),
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5), BDSwiss WebTrader, BDSwiss Mobile App
👩‍💻OS CompatibilityWindows, macOS, iOS, Android
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes 24/7
📱Customer Support email addresssupport@global.bdswiss.com
support@km.bdswiss.com
📞Customer Support Contact Number049-328-328
👾Social media PlatformsFacebook, Twitter, Instagram
🗣️Languages supported on Website20 Languages
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersOver 20 000
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes, DP World Tour Championship.
🪙Rebate programYes
South African Trader Specific Information
Does BDSwiss Accept South African Traders?Yes
Is BDSwiss regulated by the South African regulatory body (FSCA)?Yes
Does BDSwiss offer an Affiliate Program for South African Traders?Yes
Does BDSwiss allow opening trading accounts in ZAR (South African Rand)?Yes
👉Open AccountOpen Account

 

BDSwiss MT5

 

Pros and Cons

✅ Pros❌ Cons
MetaTrader 4 and 5 are availableRelatively high minimum deposit
BDSwiss provides useful educational resources as well as market analysisAs the platform caters to a global audience, some BDSwiss features and products may not be especially customised to the South African market
South African traders benefit from the platform's multi-regulation.The primary focus of BDSwiss on CFDs and forex trading may not be compatible with the interests of investors seeking direct stock trading or long-term investments

 

Our Findings

BDSwiss provides both MetaTrader 4 and 5, catering to traders of all levels. The broker is regulated in multiple jurisdictions, ensuring a secure trading environment.

 

Conclusion

MetaTrader 5 (MT5) is a highly popular trading platform among forex brokers due to its advanced features and flexibility. These brokers offer tight spreads, fast execution, and a wide range of trading instruments, making them ideal for both novice and experienced traders.

 

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Frequently Asked Questions

 

Which is the most popular MT5 Broker Choice in South Africa?

According to research, XM is the most popular MT5 Broker choice amongst investors in South Africa.

 

Can MetaTrader5 be used without selecting a Broker?

No, to trade with MetaTrader5 or its predecessor – MetaTrader4, a brokerage account is required.

 

How do you choose the best MetaTrader5 forex broker?

The most important factor to consider when choosing a Metatrader5 forex broker is the Safety of the broker. Make sure that the broker is regulated and has top-tier licenses. Offshore brokers offering Metatrader 5 should be avoided because of regulation issues.

 

What are the Pros of trading with MetaTrader5 forex brokers?

Choosing to trade with MetaTrader5 forex brokers includes multiple positive aspects, including charting tools, technical indicators, and timeframes.

 

Is MetaTrader5 a trusted platform?

Yes, MetaTrader5 is widely trusted and used across the globe.

4.3/5 - (32 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

September 16, 2024

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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