Best Broker for MetaTrader 5 (MT5) in the UK
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MetaTrader 5 is a multi-asset trading platform introduced by Metaquotes in 2010. The technology offers online trading facilities for a wide range of trading markets such as futures, stocks, and forex. MT5 offers rich indicators and analysis tools for experienced traders. Platforms powered by MetaTrader 5 allow automated trading for an amazing trading experience. Here are some advantages to choosing MetaTrader 5 platforms for trading:
MetaTrader5 offers a wide range of features such as separate ordering and trading accounts, detailed market analysis tools, and modes of order execution.
Trading Forex with MetaTrader 5 platforms is quite simple. You can open multiple positions with a single instrument in any direction. Also, it supports four order execution methods, which include Exchange, Instant, Market, and Request.
With MT5 you can access various analytical tools for forecasting and price analysis. It allows you to open 100 trades at a time, use 80 analytical objects and graphical objects, and choose from 17 display styles. Using these indicators and charts, you can predict market movement and stay alert for market changes.
MetaTrader 5 offers robotic or algorithmic trading options. You can automate your sale and purchase orders. The robots will analyze the market and trade in the background. Once you choose the strategy, the robots will execute trades for you.
The environment of MetaTrader 5 is designed for algorithmic trading. It allows you to create, test, and optimize trading robots according to your trading preferences. Furthermore, the environment is smoother and faster than MetaTrader 4 platform.
Top MetaTrader 5 Brokers in the UK
Pepperstone
Pepperstone is a popular trading platform in the UK with MetaTrader 5 environment. It offers a wide range of tradable markets, multiple copy trading tools, and advanced market research tools. The third-party plug-in integration enhances the suite of available tools.
Pepper stone is consistently increasing the market range in CFD and forex trading. Also, it allows spread-betting in the U.K. Since Pepperstone has low minimum deposit requirements and third-party integration, it is one of the top-rated MT5 brokers. Here are some benefits of using Pepperstone:
The dual offering of cTrader and MetaTrader 5 makes this platform suitable for copy trading and algorithmic trading
MetaTrader 5 demo account is available for beginners and professional traders
Offers a plethora of tradeable markets
Third-party tools integration enhances the MetaTrader experience
Enable various multiple social copy trading platforms
Competitive pricing, especially for active traders makes this platform a budget-friendly option
Plus500
Plus500 is a reliable and trusted broker for MetaTrader 5 and is regulated by authorities. The authorities include Australian Securities and Investments Commission and the UK’s Financial Conduct Authority. The platform was founded in 2008 and is listed on London Stock Exchange. It has a user-friendly interface and mobile app.
The platform is popular for its customer support and quick account opening process. Plus500 is suitable for a beginner as well as professional traders. So, if you are a novice trader, you can register with this platform and learn from educational materials. Benefits of Plus500 are a MetaTrader 5 platform includes:
Extremely user-friendly interface with educational content for beginners and professional traders
Low-risk online trading because it is regulated by three tier-1 jurisdictions and four tier-2 jurisdictions.
Allows MetaTrader 5 automated trading
Offers cash rebates if you join Professional Account
Offers more than 2000 tradable symbols.
Vantage FX
Vantage FX is another popular trading platform that supports MetaTrader 5 environment. Like other top-performing trading platforms, Vantage FX offers a web and a mobile app. The platform was launched in 2009 and provides more than 180 different markets. The platform is popular for high-quality learning content and research tools.
Since it has a MetaTrader 5 environment, it offers a plethora of features such as multi-charting, third-party plug-ins, and indicators for trend and reversal trading. Vantage FX is a true ECN broker that offers transparent trading. This indicates that you can freely execute orders and deliver liquidity. The broker is linked with a huge network of liquidity providers. These providers accept orders and are transparently visible on the interface.
Vantage FX integrates Trading View into MetaTrader suite
Top-tier jurisdictions regulate this platform
It is one of the safest platforms for CFDs and Forex that offers MetaTrader 5 automated trading
Integrating smart trading plug-ins, you can use multiple social copy-traders and other MetaTrader platforms
XTB
XTB is a multi-asset broker integrated with MetaTrader 5 environment. The overall experience with this platform is outstanding because of its innovative features. This well-designed platform offers comprehensive educational content with research tools. With this platform, you can trade with cryptocurrencies, stocks, and CFDs. Furthermore, it offers 57 Forex pairs.
This MetaTrader 5 platform offers two types of accounts, which include a Professional Account and a Standard Account. A standard account is the only trade account, while Professional Account is commission-based. Also, the platform offers discounts for active traders, which is an attractive advantage. Here are some advantages to using XTB for trading:
XTB offers extensive educational content with more than 200 lessons
It has a robust and intuitive interface with a wide range of trading tools and features
This is a secure platform with low risk for CFD and forex traders
XTB offers MetaTrader 5 demo account
It is regulated by top-tier jurisdiction
Switchmarkets.com
Switchmarkets.com easily grabs the attention of beginner and professional traders because of its mind-blowing features. Switchmarkets.com offers free VPS hosting, tight spreads, and a plethora of minor and major instruments such as CFDs and stocks.
The platform offers two different account types powered by MT5 software. The platform claims that trading with their platform allows traders to execute orders in 1 millisecond. Because of the MT5 integration, the platform offers efficient, fast, and accommodative services. Some benefits of Switchmarkets.com are:
100% deposit bonus
Tight spreads
Educational resources
Wide-ranging instrument options
MetaTrader 5 automated trading
Copy-trading features
Multiple deposit and withdrawal methods
FXCM
FXCM MT5 trading platform is suitable for professional traders who want quality market research and advanced trading tools. This platform offers incredible tools and features for algorithmic trading. The platform consistently increases its tradable markets.
FXCM is a reliable and secure platform with a long track reputation. Furthermore, it is regulated by top-tier authorities such as the Australian Securities and Investments Commission and UK’s Financial Conduct Authority. Some features of FXCM include:
Three tier-1 jurisdictions regulate this MT5 trading platform. Thus, it is a safe broker for CFDs and forex.
FXCM offers the best solutions for algorithmic trading
It generates monthly execution reports and statistics for trade quality for all orders.
The platform offers social copy trading and educational tools for novice and professional traders.
Moneta Markets
Although Moneta Markets is a new platform, it offers incredible features and tools. It is a brand under the popular Vantage Group, which offers MetaTrader 5 environment to the traders. You can use this platform on any device using its web and mobile app. Moneta Markets offers a wide range of educational content and research tools. The platform supports a wide range of third-party tools for traders. Moneta Market offers:
Social copy-trading
WebTrader and AppTrader platform in MetaTrader 5 suite
Extensive educational content
Wide range of Instruments such as CFDs, commodities, and cryptocurrencies
Admiral Markets
Admiral Markets is a perfect trading platform for traders who want advanced MetaTrader 5 features and educational content. The MetaTrader5 features include plug-in integration, an extensive range of instruments such as CFDs, stocks, and forex. Furthermore, beginners can use comprehensive educational content to learn basic and advanced rules of trading. Some benefits of using Admiral Markets are:
Premium analytics tools and features such as Dow Jones News, Trading Central, and Acuity Trading
The platform includes all MetaTrader features.
Incredible educational content
Admiral Markets is one of the popular MetaTrader 5 stock brokers
Provide volatility protection tools for risk management
Conclusion
MetaTrader 5 platforms offer outstanding features and improved tools. The above-mentioned platforms support MetaTrader 5 environment in the UK. So, if you want to trade in forex, cryptocurrency, or other financial instruments in the UK, you should choose the right platform that allows you to expand your ability to trade.