In this article, we will talk about 10 best MT5 Forex Brokers for traders in the UK.
How we choose the best MT5 forex brokers in the UK?
To rank as the top MT5 forex broker in the UK, a broker must be well-regulated and offer competitive, low fees to UK traders.
Beyond regulatory compliance and pricing, we’ve also evaluated crucial factors such as customer support, trading platforms, trade execution speed, and other essential criteria to identify the best MT5 forex brokers available to traders in the UK.
Based on our comprehensive research, here are the 10 best MT5 forex brokers in the UK.
Each broker brings distinct strengths that set them apart in unique ways.
Remember, this article is for informational purposes only, and you should always conduct research before investing.
1. BlackBull Markets
Assets Available | 6 Asset Classes – Forex, Commodities, Equities, Indices, Metals and Cryptocurrencies. |
Regulated By | FMA, FSA |
No. Of Trading Platforms | 6 main trading platforms – TradingView, MetaTrader 4, MetaTrader 5, cTrader, BlackBull CopyTrader and BlackBull Invest |
Leverage | Up to 1:500 |
Spreads | From 0.0 pips (depends on account type) |
Commission | From 0% (depends on account type) |
Min Deposit | $0 |
Demo Account | Yes |
Education Provided | Provides basic education including trading tutorials, webinars, etc |
Methods of Payment | Visa, Mastercard, Bank Transfer, Airtm, Crypto, Neteller, Skrill, HexoPay, AMEX, SEPA, Poll, PaymentAsia, Help2Pay, FXPay, FasaPay, China Union pay, Boleto, Beeteller, AstroPay |
Open Account |
BlackBull Markets is a great MT5 broker for traders in the UK. Founded in 2014 and based in Auckland, New Zealand, it’s known for reliable service and excellent trading conditions.
The BlackBull markets broker is regulated by several financial authorities, including the top tier Financial Markets Authority (FMA) in New Zealand.
The BlackBull markets broker offers traders with 3 main account types for live trading. These are ECN standard account, ECN prime account and the ECN Institutional account.
For the ECN Standard account, spreads begin at 0.8 pips with no commission fees. The ECN Prime account offers spreads starting from 0.0 pips and charges a commission of $3 per side. Meanwhile, the ECN Institutional account features spreads starting as low as 0.0 pips with a commission of $2 per side.
When it comes to customer service, the BlackBull markets broker provides 24/7 customer support. You can contact the BlackBull markets broker through, phone, email and live chat.
The BlackBull Markets broker provides traders with leverage of up to 1:30 for retail clients and up to 1:500 for professional clients.
To open an account with the BlackBull Markets broker, you don’t require a minimum deposit. If you are interested in learning more about the BlackBull Markets broker, check out our full review here or watch the video below.
2. Fusion Markets
Assets Available | 5 Asset Classes – Forex, Crypto, Stocks, Commodities, Indices. |
Regulated By | ASIC, VFSC |
No. Of Trading Platforms | 4 Trading Platforms – TradingView, MT4, MT5, cTrader |
Leverage | Up to 1:500 |
Spreads | From 0.0 pips |
Commission | From $0 |
Min Deposit | $0 |
Demo Account | Yes |
Education Provided | Educational Blog |
Methods of Payment | Credit/Debit Cards, Bank Wire Transfer, Neteller, Skrill, PayPal, etc. |
Open Account |
Fusion Markets is another great MT5 forex broker for traders in UK. Since launching in 2017 in Melbourne, Australia, they have rapidly established themselves as a broker known for low-cost trading.
The Fusion Markets broker is regulated by several regulators, including the top tier Australian Securities and Investment Commission (ASIC).
This broker provides traders in the UK with 3 different account types for live trading. These are the zero account, classic account and the fusion pro account. For the zero account, the spreads start from 0.0 pips and the commission charged is $2.25 per side. For the classic account, the spreads start from 0.9 pips and no commission is charged.
When it comes to customer support, Fusion Markets provides 24/7 assistance. Traders can reach out to their support team via email, phone, or live chat.
The Fusion Markets broker provides traders with leverage of up to 1:30 for retail clients and up to 1:500 for professional clients
To open an account with the Fusion Markets broker, you do not require a minimum deposit. To start trading with the Fusion markets broker, you only require a deposit of $1. It is important to note that this is applicable for only certain payment methods.
If you are interested in learning more about the Fusion Markets broker, check our full review here or watch the video below.
3. IC Markets
Assets Available | 7 Asset Classes – Forex, Commodities, Indices, Bonds, Crypto, Stocks, Futures |
Regulated By | ASIC, CySEC, FSA |
No. Of Trading Platforms | 4 Trading Platforms – MetaTrader 4, MetaTrader 5, cTrader and TradingView. |
Leverage | Up to 1:500 |
Spreads | From 0.0 pips |
Commission | From 0% |
Min Deposit | $200 |
Demo Account | Yes |
Education Provided | Trading courses provided |
Methods of Payment | Credit Card/Debit Card, PayPal, Neteller, Skrill, Wire transfer, BPay, Broker to Broker, RapidPay and Klarna |
Open Account |
The IC Markets broker is also another great MT5 broker for traders in the UK. The IC Markets broker was founded in, Sydney, Australia in 2007.
The IC Markets broker is regulated by several financial authorities, including the Australian Securities and Investment Commission (ASIC).
The IC Markets broker provides traders with 3 main account types. These are the raw spread cTrader/TradingView, raw spread MetaTrader and standard account. For the Raw spread accounts the spreads starts from 0.0 pips but for the standard account the spreads starts from 0.8 pips.
For the standard account, there are no commissions charged. For the raw spread cTrader/TradingView account, the commission charged is $3 per lot per side and for the raw spread MetaTrader account, the commission charged is $3.5 per lot per side.
The IC markets broker provides traders with 24/7 customer support. Similar to the previous brokers, you can contact the IC markets support through phone, email and live chat.
The IC Markets broker provides traders with leverage of up to 1:30 for retail clients and up to 1:500 for professional clients
To start trading with the IC Markets broker, traders require a minimum deposit of $200.
If you are interested in learning more about the IC Markets broker, check our full review here or watch the video below.
4. AvaTrade
Assets Available | 7 Asset Classes – Forex, Crypto, Stocks, Commodities, Indices, ETFs, bonds. |
Regulated By | ASIC, FSCA, FSA, ADGM, FRSA, ISA, CySEC, CBI |
No. Of Trading Platforms | 8 Trading Platforms – TradingView, MT4, MT5, AvaOptions, AvaSocial, DupliTrade and ZuluTrade |
Leverage | Up to 1:400 |
Spreads | Around 0.9 for Majors |
Commission | 0% |
Min Deposit | $100 |
Demo Account | Yes |
Education Provided | Trading courses provided |
Methods of Payment | Credit/Debit Cards, Bank Wire Transfer, Neteller, Skrill, WebMoney, PayPal |
Open Account |
AvaTrade is another great MT5 broker for traders in the UK. This broker was founded in 2006 in Dublin, Ireland.
The Avatrade broker is regulated by multiple regulators including the Central Bank of Ireland (CBI).
AvaTrade offers dependable customer support 24/5. You can reach their support team via email, phone, or WhatsApp.
The AvaTrade broker provides traders with 2 main account types for live trading. These are the retail trader account and professional trader accounts.
For the retail account, the AvaTrade broker does not charge a commission and the spreads are around 0.9 pips for the Major currency pairs.
The AvaTrade broker provides traders with leverage of up to 1:30 for retail clients and up to 1:400 for professional clients
To start trading with the AvaTrade broker, you require a minimum deposit of $100.
If you are interested in learning more about the AvaTrade broker, check our full review here or watch the video below.
5. FP Markets
Assets Available | 7 Asset Classes – Forex, Crypto, Shares, Commodities, Indices, ETFs, bonds. |
Regulated By | ASIC, CySEC, FSA SVG, FSCA, CMA |
No. Of Trading Platforms | 4 Trading Platforms – MT4, MT5, cTrader, TradingView, Iress platform and FP Markets trading app |
Leverage | Up to 1:500 |
Spreads | From 0.0 pips |
Commission | From 0% |
Min Deposit | $100 |
Demo Account | Yes |
Education Provided | Provides trading videos and articles |
Methods of Payment | Credit/Debit Cards, Bank Wire Transfer, eWallets (Neteller, Skrill, Poli Pay, and BPay), Broker-to-Broker Transfers |
Open Account |
FP Markets is another great MT5 broker that provides services to traders in the UK.
Founded in 2005 in Sydney, Australia, FP Markets has since experienced remarkable growth and expanded its presence with offices around the world.
FP Markets is regulated by top tier regulators such as the Australian Securities and Investments Commission (ASIC).
When it comes to customer service, FP Markets provides 24/7 customer support to answer any questions you have. You can get in touch with them easily by phone, email, or live chat.
This broker provides two main account types of retail clients. These are the Standard Account & Raw Spread Account. For the standard account, the spreads start’s from 1.0 pips and commission charged is $0. For the raw spread account, the spreads start from 0.0 pips and the commission charged is $3 per side.
The FP Markets broker provides traders with leverage of up to 1:30 for retail clients and up to 1:400 for professional clients
To start trading with the FP Markets broker, you require a minimum deposit of $100.
If you are interested in learning more about the FP Markets broker, check our full review here or watch the video below.
6. Pepperstone
Assets Available | 6 Asset Classes – Forex, Commodities, Indices, Shares, ETFs, Cryptocurrency. |
Regulated By | ASIC, FCA, CySEC, DFSA, CMA, SCB, and BaFin |
No. Of Trading Platforms | 5 Trading Platforms – TradingView, MT4, MT5, Pepperstone trading platform, cTrader. |
Leverage | Up to 1:500 |
Spreads | From 0.0 pips |
Commission | From 0% |
Min Deposit | $0 |
Demo Account | Yes |
Education Provided | Guide for beginners |
Methods of Payment | Visa, Mastercard, Bank transfer, BPay, PayPal, Neteller, Skrill |
Open Account |
The Pepperstone broker is also another great MT5 broker for traders in the UK. This broker was founded in 2010 in Melbourne, Australia.
The Pepperstone broker is regulated by several financial regulators, including the Australian Securities and Investment Commission (ASIC).
Pepperstone offers traders a variety of live trading account types, with the Standard and Razor accounts being the most popular. In addition, they provide Islamic, Professional, and Premium accounts to accommodate different trading needs and preferences.
This broker provides traders with 24/7 customer support. Traders can contact the Pepperstone broker through email, phone, WhatsApp and live chat.
Pepperstone offers a maximum leverage of 1:30 for retail clients. Professional clients, however, can access higher leverage of up to 1:500.
To open an account with Pepperstone broker you do not require a minimum deposit.
If you are interested in learning more about the Pepperstone broker, check our full review here or watch the video below.
7. EightCap Broker
Assets Available | 5 Asset Classes – Forex, Crypto, Stocks, Commodities and Indices. |
Regulated By | ASIC, CySEC, SCB, FCA |
No. Of Trading Platforms | 3 Trading Platforms – TradingView, MT4, MT5. |
Leverage | Up to 1:500 |
Spreads | From 0.0 pips |
Commission | From 0% |
Min Deposit | $100 |
Demo Account | Yes |
Education Provided | Trading courses provided |
Methods of Payment | Credit/Debit Cards, Bank Wire Transfer, Neteller, Skrill, POLi , China UnionPay |
Open Account |
The Eightcap broker is another good MT5 broker for traders in the UK. Founded in 2009 in Melbourne, Australia, Eightcap has built a strong reputation for offering streamlined access to global markets.
Eightcap is regulated by top-tier financial authorities, including the Australian Securities and Investments Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC), ensuring a secure and transparent trading environment.
Eightcap provides traders with 3 different account types. These are Standard account, Raw accounts and TradingView Account. For the standard account, the spreads starts from 1.0 pip and no commission is charged. For the raw account, the spreads starts from 0.0 pips for forex pairs and the commission charged is $3.5 per side. For the TradingView account, the spreads start from 1.0 pips and no commission is charged similar to that of the standard account.
Eightcap offers responsive customer support, available 24/7 via email, phone, and live chat.
EightCap broker offers a maximum leverage of 1:30 for retail clients. Professional clients, however, can access higher leverage of up to 1:500.
To open an account with the EightCap Broker you need a minimum Deposit of $100.
If you’re interested in learning more about the Eightcap broker, check our full review or watch the video below.
8. XM Broker
Assets Available | 4 Asset Classes – Forex, Stocks, Commodities Indices. |
Regulated By | CySEC, ASIC, FSC, DFSA |
No. Of Trading Platforms | 3 Trading Platforms – MetaTrader 4, MetaTrader 5 and XM mobile trading app |
Leverage | Up to 1:1000 |
Spreads | From 0.8 pips |
Commission | 0% |
Min Deposit | $100 |
Demo Account | Yes |
Education Provided | Videos, articles and other educational materials |
Methods of Payment | Credit Card, Debit Card, Skrill, Neteller, Bank Wire and Union Pay |
Open Account |
The XM broker is another good MT5 broker for traders in the UK. Founded in 2009 and headquartered in Cyprus, XM has expanded globally with a focus on low spreads and accessible trading conditions.
XM is regulated by several financial authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC).
XM broker offers traders two main account types: the Ultra Low Account and the Zero Account. The Ultra Low Account is ideal for traders who prefer low trading costs without commissions, while the Zero Account suits those seeking very tight spreads.
When it comes to customer support, XM offers 24/7 support. You can contact the XM broker via live chat, email, and phone.
XM broker offers a maximum leverage of 1:30 for retail clients. Professional clients, however, can access higher leverage of up to 1:500.
Opening an account with XM is straightforward and requires a low minimum deposit of $5. If you’re interested in learning more about the XM broker, check our full review or watch the video below.
9. HF Markets
Assets Available | 7 Asset Classes – Forex, Crypto, Stocks, Commodities, Indices, ETFs, bonds. |
Regulated By | CySEC, FCA, DFSA, FSCA, FSA, CMA |
No. Of Trading Platforms | 3 Trading Platforms – MetaTrader 4, MetaTrader 5 and HFM trading platform |
Leverage | Up to 1:2000 |
Spreads | From 0.0 pips |
Commission | From 0% |
Min Deposit | $100 |
Demo Account | Yes |
Education Provided | Trading courses, webinars and articles |
Methods of Payment | Wire transfer, credit cards and online payment methods. |
Open Account |
The HF Markets broker is another good MT5 broker for traders in the UK. The HF Markets broker was founded in Cyprus in 2010.
HFM Markets is regulated by top-tier authorities, including the UK’s Financial Conduct Authority (FCA), ensuring a secure and transparent trading environment for clients.
HF Markets provides traders with 4 main account types for live trading. These are cent, zero, pro and premium account. The spreads for HF markets starts from 0.0 pips depending on the account type.
HFM broker offers a maximum leverage of 1:30 for retail clients. Professional clients, however, can access higher leverage of up to 1:400.
HF Markets provides traders with 24/5 customer support. You can contact HF markets customer support through live chat, email and phone.
To trade with HF marketsm you need a minimum deposit of $0 except for the pro account which requires a minimum deposit of $100.
10. FxPro
Assets Available | 6 Asset Classes – Forex, Stocks, Commodities, Indices, Crypto, Futures |
Regulated By | FCA, CySEC, SCB, FSCA |
No. Of Trading Platforms | 5 Trading Platforms – MT4, MT5, cTrader, FxPro web trader and FxPro mobile app |
Leverage | Up to 1:200 |
Spreads | From 0.0 pips |
Commission | From 0% |
Min Deposit | $100 |
Demo Account | Yes |
Education Provided | Webinars and articles |
Methods of Payment | Bank Transfer, Visa, Mastercard, PayPal, Skrill and Neteller |
Open Account |
FxPro is another great MT5 broker for traders in the UK. FxPro was founded in 2006 in London, United Kingdom.
The FxPro broker provide traders with 3 main account types for live trading. These are standard account, raw account and elite account. The spreads for the standard account starts from 1.2 pips and no commission is charged. For the raw account, the spreads start from 0 pips and the commission charged is $3.5 per side.
The elite account has the same fees as the raw account but also with additional features such as exclusive rebates and VIP perks.
FxPro broker offers a maximum leverage of 1:30 for retail clients. Professional clients, however, can access higher leverage of up to 1:200.
This broker provides traders with 24/7 customer support. Traders can contact FxPro broker through email, phone and live chat.
To trade with the FxPro broker, you need a minimum deposit of $100. If you’re interested in learning more about the FxPro broker, check our full review or watch the video below.
Our Evaluation Methodology
We assess brokers through a comprehensive rating system that involves examining more than 100 data points across key categories. Our approach includes the following:
- Trust and Regulation – We verify each broker’s regulatory status and licenses to ensure they operate under the supervision of credible financial authorities, ideally tier 1 regulators.
- Cost Analysis – We scrutinize trading fees and compare them against industry standards by setting up and trading within live accounts.
- Platform Performance – We evaluate the trading platforms’ functionality, user interface, and available tools by conducting hands-on testing.
- Instrument Availability – We assess the diversity and range of tradable assets offered by each broker.
- Customer Service – We test the accessibility and competence of customer support by reaching out via various channels.
- Transaction Methods – We review the deposit and withdrawal options, focusing on fees and processing times.
- Account Variety – We analyze the different account types, considering their features, minimum deposit requirements, and execution methods.
- Educational Resources – We examine the quality and breadth of educational materials provided to help traders improve their knowledge and skills.
Conclusion
In this article, we talked about 10 different MT5 brokers that are great for traders in the UK. All these brokers are regulated and provide great features for traders in the UK.
