Best MT5 Brokers (UK, 2026)
Top MetaTrader 5 brokers for UK traders seeking algorithmic trading, advanced charting, and flexible execution.
Top Picks
Best MT5 Broker Overall
Pepperstone
Strong execution, FCA regulation, flexible account types.
Read Full ReviewWho This Page Is For
MetaTrader Users
- Specifically want MetaTrader 5 (MT5)
- Use custom indicators or Expert Advisors (EAs)
Algorithmic Traders
- Run automated systems
- Require VPS compatibility
Advanced Chart Users
- Need deeper timeframes
- Want additional MT5 tools vs MT4
Regulation-Focused Traders
- Want FCA oversight while using MT5
Evaluation Criteria
Not all brokers offering MT4 offer MT5. Platform availability matters.
Side-by-Side Comparison
| Broker | Why Picked | Best For | Limitation |
|---|---|---|---|
| Pepperstone | FCA-regulated, strong execution | Active traders | CFD-only |
| FP Markets | Competitive raw pricing | Scalpers | Not FCA UK entity |
| AvaTrade | Beginner-accessible MT5 | Learning traders | Regulation structure varies |
| IG | Limited MT support | Multi-platform users | Not MT5-focused |
Detailed Analysis
Pepperstone
MT5 Availability
- •Full MT5 support
- •Expert Advisors supported
- •VPS compatibility
Pricing Structure
- •Razor (raw spread + commission)
- •Standard (spread-only)
Regulation & Safety
- •FCA regulated UK entity
Suitability
- •Algo traders
- •Scalpers
- •Technical analysts
⚠️ When to avoid: If you want ISA/SIPP investing
Full ReviewFP Markets
MT5 Availability
- •Full MT5 access
- •Automation supported
Pricing Structure
- •Raw spreads + commission
Regulation
- •ASIC/CySEC (UK clients may not have FCA oversight)
Suitability
- •Cost-focused active traders
⚠️ When to avoid: If FCA UK regulation is priority
Full ReviewAvaTrade
MT5 Availability
- •MT5 supported
- •Beginner-friendly access
Pricing Structure
- •Spread-only
Regulation
- •Multi-jurisdictional regulation
Suitability
- •Beginners wanting MT5 exposure
⚠️ When to avoid: If you require raw spread pricing
Full ReviewIG
MT5 Availability
- •IG does not strongly position itself around MT5.
- •Offers proprietary platforms and limited MT4 support in some regions.
Suitability
- •Not ideal if MT5 is your primary requirement.
⚠️ When to avoid: If MT5 is your primary platform requirement
Full ReviewCost Comparison
MT5 brokers vary mainly by:
Spread vs Commission
Raw + commission often cheaper for high volume.
Financing
Overnight swaps apply across all brokers.
Execution Quality
Critical for algorithmic traders.
Choosing MT5 is about flexibility — pricing differences matter most for active systems.
Risks & Considerations
- Leverage risk applies to all MT5 CFD trading.
- Algorithmic trading can amplify losses quickly.
- Spread widening affects EA performance.
- Financing impacts swing strategies.
- MT5 is a tool — not a profitability guarantee.
Frequently Asked Questions
Methodology & Disclosure
- Rankings are based on platform support, FCA status, pricing structure, and execution flexibility.
- This is not financial advice.
- Affiliate partnerships do not influence evaluation.
Next Steps
- Compare MT5 brokers based on pricing and regulation.
- Check which entity governs your account.
- Match account type to trading frequency.
Affiliate Disclosure: We may receive compensation when you click on links to brokers and products featured on this site. This compensation does not influence our rankings, reviews, or recommendations. We maintain editorial independence and provide objective comparisons. Read our full disclosure policy.
Risk Warning: This website does not provide financial, investment, or trading advice. All information is for educational purposes only. Trading and investing involve substantial risk of loss. You should carefully consider your financial situation and consult with qualified professionals before making any financial decisions.
Last updated: 2026-01-15