Do not invest more money than you can afford to lose.
Every experienced trader would tell you that the trading software could be a game-changer for your investment. MetaTrader 5 has proven itself as the leader in the sector, providing the most unique and advanced features and tools. It comes as no surprise that so many traders rave about it – with a 4,6 star rating and over 10 million downloads MetaTrader 5 is by far one of the most popular platforms in the forex industry.
And there’s a pretty good reason for that. MT5 has features that are one-of-a-kind without exaggerating at all. You can benefit from using sophisticated trading tools and indicators, but may be the best feature happens to be the Expert advisors – trading bots that search for certain conditions and start trading the moment they find them. What’s more, MT5 is a very secure and stable trading platform, easy to use and also offering a wide range of educational resources and daily forex news.
How to deposit on MT5?
If you wonder how to make your first deposit using the MT5 platform, it’s quite simple. You just have to open an account with the broker and deposit using some of the payment methods provided by it. The transaction is made to the broker, not to the platform itself.
Every forex broker has different requirements, but it also depends on the account type you choose. In general the standard minimum deposit for the sector is around 250 USD or even less – some brokers offer micro accounts which require around 10 USD.
What’s more, regulated brokers offer secure and safe payment options, so there’s nothing to worry about. The most popular payment methods that genuine brokers accept are the traditional credit/debit card, bank transfer, as well as popular e-wallets like Skrill, Neteller and PayPal. Some reputable firms also offer cryptocurrencies as an alternative of the above listed options, so that you can have quite a vast choice of payment methods. Some of them may be faster, others may take a couple of days, or give the opportunity to retrieve your initial deposit – it’s up to you to choose the one that best suits your needs.
How to choose a legitimate broker providing MT5?
Choosing the right broker could be tough, as it’s quite important to rely on a regulated firm with legit forex license. This way the possibility of getting scammed is practically down to zero. Always look for a legitimate broker who displays all the essential information on its website – look for a license number, the jurisdiction that oversees its activities as well as some details that can prove its credibility as company name, corporate background and contact information. You can easily verify your new broker’s identity in the registers of the relevant financial authority that is supposed to supervise it.
It’s no surprise that MT5 is called the “the industry standard”, as it’s preferred both by brokers and traders. The best forex brokers usually tend to offer MetaTrader 5 as their trading platform, so you can count on using absolutely unique pieces of software.
Forex brokers offering MetaTrader 5
We have prepared a list of some of the best forex brokers offering MetaTrader 5.
XM is an award-winning, globally regulated forex broker with a great reputation. It’s a group of regulated brokers and is licensed by some of the strictest financial authorities in the world like CySEC (Cyprus) and ASIC (Australia).
This broker offers the industry standard MetaTrader 5 and gives the opportunity to open a demo account before you step into your actual trading experience. What’s more, you can also open the platform using this broker’s web terminal, so you don’t have to download or install anything.
The minimum initial deposit with XM is just 5 USD for its Micro and Standard account as well. This is by far the one of the lowest minimum deposits we have seen with a regulated broker and is certainly very attractive. On top of that there are no commissions and you can benefit from tight spreads as well.
This broker accepts the most commonly used payment methods like credit/debit cards, bank wire transfer, WebMoney, Skrill, Neteller, etc. Last, but not least HM covers all fees and taxes upon payments with Skrill, Neteller and all major credit cards (including Visa. Mastercard, Maestro and China UnionPay).
FBS is an international brand present in 150 countries. It is a globally recognized forex broker with many awards and thousands of satisfied customers around the globe. This broker is regulated by some of the strictest financial authorities like ASIC (Australia) and CySEC (Cyprus) and offers outstanding trading conditions.
This broker is no exception and also offers MetaTrader 4 and MetaTrader 5, which can be downloaded both on desktop and mobile. In addition, you can use its WebTrader and access the trading platform without the need to install or download it at all.
The minimum deposit for its Standard account is 100 USD – a pretty affordable amount for any beginner who wants to learn and grow.
FBS also accepts a variety of payment methods like Visa, Mastercard, Maestro, wire transfer as well as well-known e-wallets like Skrill and Neteller. Note that the wire transfers may take up to 3-4 business days, while the rest of the options have instant execution. This broker doesn’t charge any additional fees upon depositing with any of its payment methods.
FXTM is a leading forex broker that has established itself as one of the best financial services providers around the globe. It has been licensed by several jurisdictions like the UK’s FCA, CySEC (Cyprus) and many more.
With its solid regulation FXTM offers secure trading experience and some of the best pieces of software nowadays – MetaTrader 4 and MetaTrader 5. The broker provides desktop and mobile versions of both platforms, as well as their web version.
Its Micro account requires as little as 50 USD in order to start trading. This amount seems quite attractive for all traders who make their first steps in the forex industry and want to invest without the fear of making mistakes. This account also provides you with spreads around 1.5 pips and no commissions at all. Furthermore, in order to open an Advantage account with FXTM you need 500 USD, which is a bit more but gives you some additional benefits. With this account you can benefit from raw spreads starting from 0.0 pips, however note that there is a commission from 0.4 USD to 2 USD.
In addition, FXTM also gives you the opportunity to make payments using traditional options like Visa, Mastercard, Maestro and the commonly used bank transfer while ensuring your safety of funds. Skrill and Neteller are also possible alternatives but for VIP clients only. FXTM accepts EUR, USD and GBP and there are no deposit fees.
OctaFX is a worldwide known forex broker which is regulated by the Cyprus Securities and Exchange Commission (CySEC) and adheres to the highest regulatory standards.
This broker also offers MetaTrader 4 and MetaTrader 5 which can be downloaded both on desktop and mobile devices.
The minimum deposit this broker requires is 100 USD, which is a bit less than the standard amount for the sector. There are no commissions and you can benefit from floating spreads starting from 0.6 pips.
Furthermore OctaFX accepts all of the most popular payment methods. You can fund your account or make withdrawals using well-known payment methods like Visa, Mastercard, Skrill and Neteller. What’s more, this broker offers cryptocurrencies as an additional payment option – you can use crypto coins like Bitcoin, Ethereum, Tether and Litecoin. All payments are commission free.
FPMarkets is a well-established broker who meets all the requirements when it comes to offering financial services. It’s licensed by one of the strictest jurisdictions in the world – the Cyprus Securities and Exchange Commission (CySEC) and has won numerous awards for its customer service.
Being one of the leaders on the forex market, this broker also offers the best trading platforms MetaTrader 4 and MetaTrader 5. You can either download the software or use the online WebTrader and trade with a browser of your choice and on your preferred device, since the software is accessible through both desktop and mobile. You can also benefit from the FPMarkets trading app and invest conveniently anywhere and anytime.
The minimum deposit with FPMarkets is 100 USD, again a pretty low amount compared to the standard sum that most of the reputable brokers tend to ask for. There are spreads from 1.0 pip and no commissions for its Standard account. The Raw account offers spreads from 0.0 pips and commissions of 3 USD per lot.
As for the ways you can make a deposit, FPMarkets accepts a wide variety of money transferring methods including via Visa, Mastercard, bank transfer, Sofort, GiroPay and popular e-wallets like Skrill, Neteller and PayPal. This broker does not charge any deposit/withdrawal fees.