MetaTrader 5 is the modern successor to MT4 — more timeframes, more order types, a built-in economic calendar and true multi-asset support. These brokers offer genuine raw-spread MT5 accounts across desktop, web and mobile.
MT5 adds 21 timeframes (vs 9), more pending-order types, a built-in economic calendar, depth-of-market pricing, and true multi-asset trading (stocks and futures, not just FX). The MQL5 language is faster for complex EAs. The one catch: an MT4 expert advisor will not run on MT5 unmodified — if you rely on a specific EA, confirm it has an MT5 version.
Make sure the broker offers a genuine raw-spread MT5 account (not just MT4 rebranded), free VPS hosting if you run EAs, fast low-latency execution, and the full MT5 suite across desktop, web and mobile. All brokers on this list do.
For most traders, yes — MT5 has more timeframes, more order types, a built-in calendar and multi-asset support. MT4 still wins only if you depend on a specific MT4-only expert advisor, since EAs do not transfer between the two.
Exness, XM, HYCM, FxPro and Pepperstone all offer excellent MT5 with raw-spread accounts and fast execution. The best fit depends on your cost priorities and whether you need VPS for automated trading.
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