Page Summary
Are you looking to trade with the MetaTrader 5 platform suite and want to know which is the best MT 5 trading platform in UAE? Our team of analytics uses a database of 100 online brokers that offer access to MetaTrader 5 to UAE traders and compares them across 9 categories including fees, trading platforms, available assets, banking options, tools and feathers, account types, user-friendliness, regulation, and Islamic account availability. Read our review methodology to find out which data points and variables exactly we use.
After analysing 214 variables across 3500 data points overall, the following are considered as the best MetaTrader 5 trading platforms in the UAE:
Best MetaTrader 5 Trading Platforms in UAE
- Ava Trade – Best For Forex and CFDs
- IC Markets – Best For Active Traders
- Swissquote – Best For Investors
- FP Markets – Best Trading Fees
- XM – Best For Beginners
| RANK | BROKER | GENERAL | PLATFORM SCORE | BEST FOR | WEBSITE |
| #1 | Ava Trade | Great Research and Educational tools | 4.8 / 5 | Best For Forex and CFDs | Official website |
| #2 | IC Markets | Very competitive trading fees | 4 / 5 | Best For Active Traders | Official website |
| #3 | Swissquote | Great choice of trading instruments offered | 4 / 5 | Best For Investors | Official website |
| #4 | FP Markets | Great choice for mobile trading | 4 / 5 | Best Trading Fees | Official website |
| #5 | XM | Very good customer support | 4.7 / 5 | Best For Beginners | Official website |
What Are The Pros, Cons, and Key Features Of Our Top 5 MetaTrader 5 Brokers?
The section below breaks down the top 5 MetaTrader brokers for UAE traders and reveals their pros, cons, and key takeaways.
1. AVAtrade – Best For Forex and CFDs
Min Deposit: $100
Fees: 4.9
Assets available: 4.9
Total Fees: 0.9 pip
AVAtrade is a well trusted global online broker for forex and CFD trading. Their multi-asset trading platform and mobile trading app enable traders to access 1365+ tradable symbols overall, including 1200+ CFD’s, major currency pairs with low forex spreads and premium options.
Beside their proprietary platform AVAtradeGo and MetaTrader, AVAtrade has great selection of copy trading solutions including ZuluTrade, DupliTrade and AVAsocial.
Account opening is fast, deposits and withdrawals are free of charge. The minimum deposit is $100.
Choose AVAtrade if you are a beginner or semi advanced forex trader, looking to trade major forex currency pairs, options or CFDs as stocks, cryptos, indices or commodities with premium services.
Pros
- Automated trading with MT5 permitted
- Competitive trading fees
- Fast trade execution for MT5 accounts
Cons
- MT5 not available for mobile or web platform
Key features
- Access to 1250 CFDs and 44 forex options
- Excellent copy trading features
- Advanced mobile trading app (AvaOptions)
- Industry average pricing
- Perfect for casual and advanced traders
- Access to the full meta trader suite
2. IC Markets – Best For Active Traders
Min Deposit: $200
Fees: 4.7
Assets available: 3.6
Total Fees:
IC Markets is an ASIC and CySEC-regulated broker operating globally. With IC Markets you can trade forex, CFD, and crypto with up to 1:500 leverage. IC Markets has over 2,000 tradable assets and charges low, floating spreads from 0,0 pips.
IC Markets has multiple trading platforms available and is compatible with MetaTrader, cTrader, myfxbook AutoTrade, and ZuluTrade. Professional traders can open a Raw Spread, Standard or Islamic account at IC Markets, whilst beginners can practice trading with their unlimited demo paper trading account.
You can fund your IC Markets account by bank transfer, credit card, or e-wallets like PayPal at 0% commission and receive access to a free VPS server after opening an account with them.
Pros
- Competitive trading fees for MT5 accounts
- MT5 available for web and mobile app
- Two different account types available for MT5
- Fast trade execution with MT5 accounts
- Automated trading with MT5 permitted
Cons
- Swap free (Islamic) account not available with MT5
Key features
- Access to over 2,000 CFDs on stocks, bonds, indices, commodities, forex, and digital currencies
- Islamic swap-free accounts available on request
- Compatible with MetaTrader 4, 5, cTrader, ZuluTrade, and Myfxbook AutoTrade
- Raw spreads from 0,0 pips
- Well-suited for both beginner and experienced traders
- Expert Advisors and other forms of automated trading allowed
3. Swissquote – Best For Investors
Min Deposit: 0
Fees: 3.0
Assets available: 4.9
Total Fees:
84.5% of retail investor accounts lose money when trading CFDs with this provider.
Swissquote is a low risk forex and CFD online broker, regulated by 4 top-tier financial regulators. It is a great choice for traders who are looking for high quality research, daily market updates, a great variety of tradable assets and account security on a Swiss bank.
Their Advance Trader proprietary trading platform suite is available as desktop, web and mobile version. Together with the MetaTrader platform suite, it delivers an excellent trading experience for traders and investors at all levels. Minimum deposit is $1000 and trading fees are above industry average. Swissquote operates a bank.
Choose Swissquote if you are looking to trade physical cryptos with a highly trusted online broker that also offers great banking services.
Pros
- MT5 available for web and mobile app
- Offers Master Edition MT5 suite with advanced tools and indicators
- Autochartlist available
- Forex bots for copy trading available
Cons
- Trading fees higher than other brokers
Key features
- Access to over 3,000,000 financial instruments
- Cash dividends paid out monthly into your account
- Trade with a FINMA-regulated and Swiss stock exchange-listed broker (SIX:SQN)
- Receive the Swissquote magazine monthly for free
- Set up your own algorithmic trading bot with Swissquote Robo-Advisory services
- Low, fixed fees capped at 0,75% of your invested amount
4. FP Markets – Best Trading Fees
Min Deposit: 0
Fees: 5.0
Assets available: 3.1
Total Fees:
FP Markets is a CySEC and ASIC-regulated forex and CFD broker which allows traders to trade thousands of CFDs at low costs with up to 30:1 leverage. The broker charges tight spreads from 0,0 pips, offers negative balance protection, and provides its traders with a free NY4 VPS server.
Traders can open an account and start trading with FP Markets from $100 or familiarize themselves with its trading platforms first using the 30-day free paper trading demo account. FP Markets is compatible with both MetaTrader 4 and 5 and offers social trading via Myfxbook Autotrade.
Pros
- MT5 available for web and mobile app
- Competitive trading fees
- Fast trade execution
- Automated trading permitted
Cons
- Low number of Cripto CFDs
Key features
- Access to thousands of CFDs on forex, stocks, ETFs, commodities, and crypto
- Islamic Swap-Free accounts available on request
- Access to the full MetaTrader suite
- Excellent copy trading features with Myfxbook Autotrade
- Broad range of professional trading tools like Autochartist and Traders Toolbox
- MAM/PAMM accounts available
- Trading courses, videos, webinars, podcasts, eBooks, and events
5. XM – Best For Beginners
Min Deposit: $5
Fees: 4.1
Assets available: 2.8
Total Fees:
XM is a Best-in-Class broker offering a complete MetaTrader suite coupled with upgrades to enhance trading experience and use of custom indicators. Through its various brands, XM offers traders a total of 1,230 CFDs across multiple asset classes, including forex, cryptos, stocks and CFDs.
XM offers low min deposits and wide range of account types. XM Forex offers low spreads and flexible lot sizes and is considered an average-risk trader. They are privately owned and do not operate a bank.
XM is regulated and authorized by the Australian Securities & Investment Commission (ASIC) and the UK’s Financial Conduct Authority (FCA)
Pros
- MT5 available for mobile version
- Offers 1000 CFDs more than MT4 account
- Competitive trading fees
- Market depth feature
Cons
- MT5 not available for web version
Key features
- Access to 1,000+ trading instruments
- Trade the markets your way using one or multiple of the 16 available trading platforms including MT4 and MT5
- No re-quotes nor order rejections
- Broad range of educational material offered in the form of webinars, videos, live trading education sessions, and podcasts
- Extensive research tools via XM Research Centre including trade ideas, technical summaries, and a detailed economic calendar
- Free VPS perfectly suited for EAs and other automated trading software
How Did We Select The Best MetaTrader 5 Brokers in UAE?
To provide you with a list of the best brokers that offer MetaTrader 5 Trading Platform, we have compared fees, regulations, account types, available assets, quality of customer support, deposit & withdrawal options as well as the availability of additional add-ons and plugins for MT5 trading platform.
- Additional features offered for MT5 by the broker
The best MetaTrader 5 brokers offer additional features for MT5. For instance, AvaTrade allows forex trading with fixed spreads via MT5. - The number of forex pairs offered via MT5
Most traders use MetaTrader 5 for forex trading. We look at the number of forex pairs brokers offer as part of their available assets. - The forex spreads
Fees lower your profit. For this reason, we inspected all fixed and floating spreads brokers offer via MetaTrader 5. - The forex trading accounts types available
We check if brokers offer Raw or Pro ECN, Standard STP, or bridging forex trading in the MT5 platform. - The quality of services offered
We test if brokers offer features like allows expert advisors, the usage of a VPS, add-ons like Smart Trader Tools, copy trading, and allows hedging.
The table below reveals how each of the best MetaTrader 5 brokers performed in each of the categories tested:
MetaTrader 5 Brokers Comparison
| Broker | Trading instruments | CustomerSupport | Fees | Research & Education | Deposit & Withdrawal | Overall |
| Ava Trade | 3.5 | 4.5 | 4.2 | 5.0 | 4.6 | 4.9 |
| IC Markets | 3.6 | 4.5 | 5.0 | 4.6 | 4.5 | 4.8 |
| Swissqoute | 5.0 | 4.7 | 3.8 | 5.0 | 3.5 | 4.8 |
| FP Markets | 3.5 | 4.4 | 5.0 | 4.5 | 3.9 | 4.7 |
| XM | 3.2 | 4.3 | 4.5 | 4.9 | 4.5 | 4.7 |
What is MetaTrader 5?
MetaTrader 5 is trading software released by MetaQuotes, founded in Russia but with headquarters in Cyprus. With MetaTrader 5 users can trade equities, commodities, CDF’s and forex. It features indicators and dynamic charting. The software uses the MQL5 language and allows traders to use expert advisors and deploy their own trading scripts.
What Is The Difference Between MetaTrader 5 and MetaTrader 4?
The differences between the two MetaTrader trading platforms are that MetaTrader 5 allows stocks, bonds, and options trading while MT4 only offers forex trading. MetaTrader 5 offers 6 different order types, 8 technical indicators, 13 graphical objects, and 12 extra timeframes that MetaTrader 4 doesn’t have. MetaTrader 5 has a built-in chat feature, an economic calendar, and users can transfer funds between accounts without having to log off.
Difference Between MetaTrader 5 and MetaTrader 4
| MetaTrader 5 | MetaTrader 4 | |
| Market Coverage | Commodities, stocks, ETFs bonds, options, futures, currencies, | Different currencies |
| Order types | Market orders, 6 pending orders (buy limit, buy stop, sell limit, sell stop, buy stop limit, sell stop limit), stop-loss and take profit order | Market order, 4 pending orders (buy limit, buy stop, sell limit, sell stop), stop-loss and take profit orders |
| Charting Tools | 22 timeframes from 30sec to 1 month | 8 timeframes |
| Technical indicators | 39 | 29 |
| Graphic objects | 44 | 33 |
| Technical requirement | Max memory space | Less memory space required |
| Programming language | MQL5 | MQL4 |
Advantages of Trading with MetaTrader 5
You can deploy expert advisors, use a VPS, backtest your strategies, and switch brokers in the platform.
There are a wide range of indicators and add-ons available for purchase or rent in the built-in MetaTrader MQL Market to enhance trading. Another important aspect of trading with MetaTrader 5 is that traders can deploy expert advisors and trading robots to trade the markets.
MetaTrader 5 has a built-in copy trading feature so that traders can copy the trades of other traders. With the MetaEditor, traders create their own trading algorithms APIs to only trade following set parameters. With a virtual private server (VPS) you can reduce latency and optimize order execution speeds.
Meta Trader 5: The Pros and Cons
Meta Trader 5 is a solid trading platform, but nothing is perfect. Let’s look at the pros and cons of Meta Trader 5 on a stand-alone basis.
Pros
- Major brokers support MT5
- Supports wide range of assets and markets
- Easy to begin trading
- Creating trading macros is simple
- Distributed architecture makes it secure
Cons
- Forced FIFO makes hedging difficult
- Aftermarket product offerings lacking
- Charting preferences aren’t intuitive
- Trader must configure asset layout
- New traders struggle with layout
Which Assets Can You Trade With MetaTrader 5?
With MetaTrader 5, you can trade equities, commodities, bonds, and forex.
How To Get Started With The Best MetaTrader 5 Broker
Now that you know all about the MetaTrader 5 trading platform and the different MT5 brokers it is time to get started. To get started with AvaTrade, the best overall MetaTrader 5 broker, follow these steps:
1. Open an AvaTrade Account
Navigate to the AvaTrade website and click the ‘Register’ button at the top of the screen. You will have to enter your personal details and complete a questionnaire about your trading experience.
2. Verify your Identity
AvaTrade will ask you to prove your identity. You do this by uploading a photo of your driver’s license, passport, or national ID card. In some cases, they will also ask you to upload a screenshot or photo of a recent utility bill or bank statement.
3. Fund your Account
You can fund your AvaTrade account with credit cards like Visa or MasterCard, e-wallets like PayPal, Neteller, or Skrill, or by regular bank wire transfer. The minimum deposit at AvaTrade is $100 or 400 AED.
4. Download MT5
Open the AvaTrade client portal area. From here you select MetaTrader 5 under the Trading Platform dropdown menu and follow the instructions to download the MT5 software.
5. Trade
Once you have downloaded MetaTrader 5 open it and log in with your AvaTrade account credentials. Your AvaTrade balance will be available within MT5 to trade the financial markets with. Click any asset you want to buy or browse the trading platform.
Conclusion
After analysing 100 online brokers that offer access to MetaTrader5 platforms in UAE and comparing them across 8 categories, we consider AVAtrade as the best MT5 trading platform in UAE. They offer access to the full MT5 platform suite for desktop and mobile with multiple ad-ons, great market coverage, and a competitive fee structure.
FAQ
Why should I use MetaTrader 5 instead of MetaTrader 4?
MetaTrader 5 offers stock, commodity, and bond trading. It also has more technical indicators, charting timeframes, and drawing tools available.
Can I trade on MetaTrader 5 with every broker?
No, not every broker is compatible with MetaTrader 5. We recommend trading with the best MetaTrader 5 trading platforms in UAE according to our research.
Does it cost money to trade with MetaTrader 5?
No, all brokers provide free access to MetaTrader 5. But, if you want to use expert advisors, automated trading software, or trading scripts created by other users there are fees.
Are there brokers that are compatible with both MT4 and MT5?
Yes, our top-rated broker AvaTrade is compatible with both MetaTrader 4 and MetaTrader 5.
Can I trade on MetaTrader 5 with a demo account?
Yes, if you have a demo brokerage account with a broker that is MetaTrader 5 compatible, you can use MetaTrader5 with a demo account.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.