US FOREX BROKERS MT5

When trading the forex market, irrespective of your trading capital or trading strategy, it is important you choose the right broker that works with your trading style.

Forex brokers offer a lot of options for clients to choose from, this option could be in their leverage, spread, and swap fee. Etc.

These brokers can offer this in Mt4 or MT5, however, in this article, our main focus will be on US forex brokers MT5.

This article is written to point you to the best US forex brokers MT5, however at the moment US citizens cannot use Mt5 for trading, it is only available to clients outside the US.

BEST PLATFORM FOR CURRENCY TRADING

Best platform for trading currency

There are hundreds of brokers out there who make a lot of claims, but only a few of them deliver on their promises.

I’ve used a lot of brokers over the years, and I’ve found that XM is the best platform for currency trading.

Sit back and let me list out the benefit of choosing XM as your broker:

In 2009, XM Broker was established. Initially, the company catered to a certain segment of the trading market, specializing solely in foreign exchange market intermediary services.

Since then, it has seen a lot of success and expansion. XM is a trustworthy and secure service. It has grown to become an international broker with operations in about 190 countries around the world.

XM Broker has attracted 3,5 million traders over the last decade by providing innovative technology solutions. The organization is now known for being the Fastest Growing Broker, the Best Forex Service Provider, and a variety of other accolades.

Every year, the team at XM Broker works hard to improve the quality of the services they give, as they are committed to giving the greatest service to their clients.

READ ALSO: US FOREX BROKERS WITH INDICES

READ ALSO: HOW TO SET STOP LOSS AND TAKE PROFIT IN MT4

READ ALSO: VERY EASY AND PROFITABLE TRADING STRATEGY MT4

US FOREX BROKERS MT5

US Forex brokers MT5

These are the most trusted US forex brokers MT5:

NAME:                                                  IG MARKETS

BEST RATED FOR:                             Most Dependable

REGULATORY AUTHORITY:           CFTC, NFA

INACTIVITY FEE CHARGE:              YES

NUMBER OF BASE CURRENCY OFFERED:                6

MINIMUM DEPOSIT:                      100 USD

WITHDRAWAL FEE:                         0 USD

NAME:                                  FOREX.COM

BEST RATED FOR:             Best Overall

REGULATORY AUTHORITY: NFA, FSA, FCA, ASIC, CFTC, IIROC, SFC.

INACTIVITY FEE CHARGE:              YES

NUMBER OF BASE CURRENCY OFFERED:                6

MINIMUM DEPOSIT:                      100 USD

WITHDRAWAL FEE:                         0 USD

NAME:                                  OANDA

BEST RATED FOR:             Best for Beginners

REGULATORY AUTHORITY:           CFTC, NFA

INACTIVITY FEE CHARGE:              YES

NUMBER OF BASE CURRENCY OFFERED:                9

MINIMUM DEPOSIT:                      0 USD

WITHDRAWAL FEE:                         0 USD

NAME:                                  INTERACTIVE BROKERS

BEST RATED FOR:             Best for Professionals

REGULATORY AUTHORITY: FCA, SEC, CFTC, SIPC

INACTIVITY FEE CHARGE:   YES

NUMBER OF BASE CURRENCY OFFERED: 22

MINIMUM DEPOSIT:                      0 USD

WITHDRAWAL FEE:                         0 USD

HIGHLIGHTS AND MAJOR CHARACTERISTICS OF XM FOREX BROKERS

Country of regulationCyprus, Australia, Belize, United Arab emirates
Trading feeLow
Inactive fee chargeYes
Withdrawal fee charge$0
Minimum deposit$5
Account opening time1 day
Bank card depositAvailable
Electronic wallet depositAvailable
Number of base currencies supported11
Demo accountYes
Product offeredForex, CFD, Real stocks for clients under (FSC)

ADVANTAGES AND DISADVANTAGES OF XM FOREX BROKER

ADVANTAGES OF XMDISADVANTAGES OF XM
XM Broker promises 100% order execution, with 99.35% of orders completed almost promptly. There will be no requotes.Services for passive investment (social trading platforms, PAMM accounts).
On narrow market spreads (broker’s margins over the spread), there is no “markup.”Increasing the number of trading platforms available to them. Despite the fact that the broker offers 16 trading terminals, they are all MT4 and MT5 derivatives for desktop, browser, and mobile trading.
There are almost 1,000 trading instruments available. More than 55 currency pairings, including CFDs on cross rates, metals (including palladium and platinum), commodities (cocoa, cotton, grain), and equities are available for trading.
There are no fees for replenishment or withdrawal of funds. XM Broker is responsible for all payment system commissions.
Throughout the day and night Support is available 5 days a week in over 30 languages.

FOREX MT5

Forex MT5

Forex MT5 offers a wide variety of functions for the modern forex and exchange market trader.

What Forex Mt5 offers:

  • Full set of trading orders for flexible Forex, Stocks, and other securities trading.
  • Two position accounting systems: netting and hedging.
  • Unlimited amount of charts with 21 timeframes and one-minute history of quotes;
  • Fundamental analysis based on financial news and an economic calendar.
  • Powerful algorithmic trading with the built-in MQL5 development environment.
  • Trading Signals allows you to automatically copy deals of experienced traders.
  • A system of alerts to keep track of all important market events.
  • Built-in Forex VPS.

MT5 DEMO ACCOUNT BROKERS

All brokers with MT5 have demo accounts available for clients. You can use Xm for your Demo trading.

METATRADER 5 MINIMUM DEPOSIT

MT5 does not have a minimum deposit requirement. The broker sets the minimum deposit amount. And it differs from one broker to the next.

HUGOSWAY MT5

Hugosway MT5 and MT4

Hugo’s Way is a professional trader’s ECN Forex broker. With a real ECN broker, you can trade Forex, Cryptos, and Stocks with leverage up to 1:500.

However, at the time of writing this article Hugosway does not support MT5.

DOES IG SUPPORT MT5?

Yes, IG Markets fully supports MT 5 and offers 60 currencies, 16 indices, and a variety of commodities to traders.

CAN US CITIZENS USE MT5?

At the moment US citizens cannot use MT5, only MT4 is supported. Mt5 is available only for international clients.

WHICH BROKER IS BEST FOR FOREX TRADING IN THE USA?

These are the three best brokers for forex trading in the USA:
·         IG markets
·         Forex.com
·         Oanda