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Top 3 Best MT5 Brokers For Novice Traders

MetaTrader 5 is arguably the most well-known Forex trading platform, and it’s especially popular with novice traders. MT5 is user-friendly and convenient, and there are many educational materials online that can help you learn how to use it. But what’s more important, lots of reputable Forex brokers offer it as one of their trading platforms, sometimes with additional features. In this article, we give you our list of the top 3 brokers with favorable trading conditions who allow you to use MetaTrader 5.

About MetaTrader 5

MT5 is generally considered a great choice for novice Forex traders. While some experts recommend starting with MT4, this platform is actually very useful, too. The main difference between them is what assets you wish to trade. MT4 was designed especially for Forex trading, and most of its features and tools reflect the characteristics of the Forex market. MT5 has a much broader focus, and it’s useful for trading stocks, futures, or CFDs as well. So if you want to have a wider portfolio, choose MT5.

MetaTrader 5 is very secure. The platform uses various encryption methods to make sure your data is well protected from unauthorized access or hacker attack. However, you still need to think twice about the broker you trust with your funds: if it’s not very trustworthy, you risk losing your money. That’s why choosing the right broker is very important, but don’t worry: our list of the best MT5 brokers consists of the most reputable and well-regulated brokers. Let’s check it out.

1. Pepperstone

Pepperstone is a heavily regulated broker that offers its users quick order execution, no commissions, and very low spreads. The broker allows you to use MT5 for trading, and you can always count on its excellent customer service: if you don’t know how some indicator works, just ask them a question.

2. IC Markets

Anyway, when it comes to order execution speed, nobody can match IC Markets, an Australian broker regulated by both FCA and ASIC. While they claim to help novice traders, the broker is especially well suited for automated trading. But it’s still a great option for a starter, and they allow you to use a broad range of useful tools — just don’t try to learn them all at once.

3. FP Markets

Simply the best choice for any novice trader, FP Markets offers you many educational materials, great tools for technical analysis, and all kinds of additional features. The customer support is very friendly, and the broker itself is considered extremely trustworthy.

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