Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The majority of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This page is general information, not financial advice. Advertiser disclosure.
Pepperstone is the best of the seven FCA-regulated MT5 brokers we compare, on low advertised raw spreads, fast execution and full multi-asset support. Eightcap and Vantage follow on raw-account pricing. MetaTrader 5 adds twenty-one timeframes, depth of market and a faster strategy tester over MT4.
Who is the best MT5 broker in the UK?
Pepperstone is the best MT5 broker in the UK on cost, execution and platform completeness, with Eightcap, Vantage and ThinkMarkets close behind on raw-spread accounts. Seven FCA-regulated brokers make the list, and one well-known name is missing: CMC Markets retired MT5 in 2022.
Our seven picks, ranked:
- Pepperstone: Razor from 0.0 pips plus £2.25 per side.
- Eightcap: tightest advertised raw spread of the set.
- Vantage: £1.00 per lot per side advertised, lowest commission.
- ThinkMarkets: ThinkZero raw plus US$3.50 per side, advertised.
- FxPro: Raw+ from 0.0 pips plus US$3.50, advertised.
- Admirals: widest MT5 market range in this list.
- HFM: low-cost Zero account, low minimum deposit.
A former CMC MT5 trader looking for a raw-spread home can start with the table below or the lowest spread forex broker UK guide.
Jump to Comparison table · Broker reviews · MT5 vs MT4 · Where MT4 wins · Setup walkthrough · FAQs
Quick comparison: top UK MT5 brokers
Each broker holds FCA authorisation and offers MT5 to UK clients. Every figure is labelled in its own cell: indicative averages from our broker dataset, or advertised from-rates taken from each broker’s UK site on 10 July 2026. Pepperstone’s raw spread and £2.25 commission are confirmed against its live UK costs page; the rest are a desk-based assessment of each broker’s advertised UK pricing. Our recorded-spread protocol is on the methodology page. Costs move with the market, so confirm the live numbers before trading.
| Broker | MT5 account | EUR/USD spread | Commission per side | Depth of market | FCA entity (FRN) |
|---|---|---|---|---|---|
 Pepperstone | Razor (raw) | From 0.0 pips (Razor) | £2.25 per lot per side | Yes | Pepperstone Limited (684312) |
 Eightcap | Raw | From 0.0 pips (indicative) | Applies, not published in GBP | Yes | Eightcap Group Ltd (921296) |
 Vantage | Raw / Pro | From 0.0 pips (indicative) | £1.00 per lot per side (advertised) | Yes | Vantage Global Prime LLP (590299) |
 ThinkMarkets | ThinkZero | From 0.0 pips (indicative) | US$3.50 per lot per side (advertised) | Yes | TF Global Markets (UK) Limited (629628) |
 FxPro | Raw+ | From 0.0 pips (advertised) | US$3.50 per lot per side (advertised) | Yes | FxPro UK Limited (509956) |
 Admirals | Trade.MT5 / Zero.MT5 | From 0.0 pips (indicative) | Zero.MT5 charges commission, GBP figure not confirmed | Yes | Admiral Markets UK Ltd (595450) |
 HFM | Zero / standard tiers | From 0.0 pips (indicative) | Zero account charges commission, per-lot figure not confirmed | Yes | HF Markets (UK) Ltd (801701) |
Risk warning: CFDs are leveraged products and carry a high risk of loss. The majority of retail CFD accounts lose money. Review the broker’s Key Information Document before trading.
Indicative averages and advertised from-rates as labelled per cell, last verified 10 July 2026. Raw-account spreads widen with the market, so confirm the live figure on the account you open before relying on any number here.
Every FCA entity and Firm Reference Number in the table was checked against the FCA register on 10 July 2026. UK retail MT5 accounts carry negative balance protection, FCA leverage caps of 30:1 on major forex pairs, FSCS cover up to £85,000 and Financial Ombudsman Service access.
The raw-account brokers lead because MT5 traders tend to be cost-focused and active. Each card carries the FCA entity and Firm Reference Number, with pricing labelled as indicative or advertised.
1. Pepperstone: the complete MT5 package
EUR/USD spread
From 0.0 pips on Razor plus £2.25 per side
Platforms
MT5, MT4, cTrader, TradingView
Best for
Raw GBP pricing on MT5
Why it ranks first: the widest platform set of the seven, so MT5 is one option among four on the same FCA account.
Why we recommend Pepperstone
Pepperstone Limited (FCA FRN 684312) leads on the balance that matters for MT5: raw pricing with GBP-denominated commission, reliable fills and the widest platform set in the group. Its Razor account advertises spreads from 0.0 pips on EUR/USD plus a fixed £2.25 per side, and MT5 sits alongside MT4, cTrader and TradingView on one FCA account. We scored it 90 out of 100.
The raw account carries commission, so you price the all-in cost rather than the spread alone, and the spread shown here is an indicative figure rather than a fresh live capture. Client money is segregated with FSCS cover up to £85,000 and Financial Ombudsman Service access. Confirm hedging is enabled on the MT5 build if you trade opposing positions.
Pros & cons
- GBP-denominated commission on the raw account
- Full MT5 feature set including depth of market
- Four platforms on one FCA account
- Raw account requires commission arithmetic
- Indicative spread is not a fresh live capture
- Standard-account pricing is less competitive
2. Eightcap: tightest advertised raw spread of the set
EUR/USD spread
From 0.0 pips (indicative)
Platforms
MT5, MT4, TradingView
Best for
MetaTrader-first raw pricing
Why it ranks second: a MetaTrader-first broker, so MT5 gets the full account range rather than an afterthought.
Why we recommend Eightcap
Eightcap Group Ltd (FCA FRN 921296) records one of the tightest raw spreads in our review on MT5, on an indicative basis rather than a fresh live capture. It is a MetaTrader-first broker, so MT5 gets the full account range rather than an afterthought, and TradingView is available on the same account.
The per-lot commission is not published in GBP, so factor a currency step into the all-in cost, and the market range is smaller than IG-scale rivals. Eightcap has published clone-firm warnings, so check you are opening with the FCA entity before you fund. See the full review for the current account detail.
Pros & cons
- Tightest indicative raw spread here
- MT5-native account range
- TradingView available on the same account
- Per-lot commission not published in GBP
- Smaller market range than IG-scale rivals
- Clone-firm risk requires a register check
3. Vantage: lowest advertised commission
EUR/USD spread
From 0.0 pips (indicative)
Platforms
MT5, MT4, TradingView, proprietary
Best for
Low-commission raw account
Why it ranks third: an advertised £1.00 per lot per side, the lowest commission of the seven.
Why we recommend Vantage
Vantage Global Prime LLP (FCA FRN 590299) undercuts the set on commission at an advertised £1.00 per lot per side on its Raw account, with depth of market included on MT5. It suits a cost-focused trader who wants raw pricing without the highest per-lot fee in the group.
Pricing stays advertised pending our live spread capture per the review disclosure, and the UK minimum-deposit figure has conflicted across our own pages, so confirm the current value before you fund. There is no cTrader on the UK entity.
Pros & cons
- Lowest advertised commission in the set
- Raw pricing from 0.0 pips
- Depth of market included on MT5
- Pricing stays advertised pending our live capture
- Minimum-deposit figure needs confirming
- No cTrader on the UK entity
4. ThinkMarkets: ThinkZero raw pricing
EUR/USD spread
From 0.0 pips (indicative)
Platforms
MT5, MT4, proprietary
Best for
Raw MT5 with a proprietary backup
Why it ranks fourth: ThinkZero raw pricing with ThinkTrader as a proprietary backup platform.
Why we recommend ThinkMarkets
TF Global Markets (UK) Limited (FCA FRN 629628) puts MT5 on its ThinkZero account with raw pricing plus a US$3.50 per lot per side commission (advertised). The dollar commission on a GBP account adds a conversion step, but the all-in cost stays competitive for active traders.
ThinkTrader, the broker's own platform, is available as a backup, and the UK entity is long established. Treat the pricing as advertised rather than live-captured per the review disclosure, and confirm the ThinkZero terms before funding.
Pros & cons
- Raw MT5 pricing on ThinkZero
- ThinkTrader as a backup platform
- Established UK entity
- US dollar commission on GBP accounts
- ThinkZero minimum deposit needs confirming
- Pricing stays advertised pending our live capture
5. FxPro: MT5 inside a four-platform stack
EUR/USD spread
From 0.0 pips (advertised)
Platforms
MT5, MT4, cTrader, TradingView, proprietary
Best for
MetaTrader alongside cTrader and TradingView
Why it ranks fifth: MT5 alongside cTrader and TradingView under a single FCA login.
Why we recommend FxPro
FxPro UK Limited (FCA FRN 509956) runs MT5 on its Raw+ account, advertised from 0.0 pips plus a US$3.50 per lot per side commission, and suits a trader who wants MetaTrader alongside cTrader and TradingView under one login. No-dealing-desk execution applies across the stack.
The commission is quoted in US dollars on a GBP account, so budget a conversion step. Treat the pricing as advertised rather than a live capture per the review disclosure, and confirm the current Raw+ terms before funding.
Pros & cons
- Raw and standard MT5 pricing options
- No-dealing-desk execution
- Four platforms on one login
- US dollar commission on GBP accounts
- Pricing stays advertised per the review disclosure
- Minimum deposit needs confirming
6. Admirals: widest MT5 market range
EUR/USD spread
From 0.0 pips (indicative)
Platforms
MT5, MT4, proprietary
Best for
Multi-asset breadth on MT5
Why it ranks sixth: share and bond CFDs alongside FX on one MT5 login, the widest MT5 range here.
Why we recommend Admirals
Admiral Markets UK Ltd (FCA FRN 595450) treats MT5 as its primary platform rather than an MT4 afterthought, and the market range shows it: share CFDs, bond CFDs and a wide index set trade alongside FX on one MT5 login. Confirm the current UK instrument counts on the broker's site, as they change.
MT5 account types run from Trade.MT5 to the raw-priced Zero.MT5, and the Supreme Edition plugin adds extra tools to MetaTrader where offered. Treat the pricing as advertised per the review disclosure; our modal spread capture for this broker is still pending. Multi-asset traders who want MT5's full breadth used properly get the strongest case here.
Pros & cons
- Widest MT5-native market range in this list
- Share and bond CFDs alongside FX on one login
- MT5 as the primary platform, not an afterthought
- Instrument counts change, so verify on the broker site
- Modal spread capture still pending
- Pricing shown is advertised, not a live capture
7. HFM: low-cost Zero account on MT5
EUR/USD spread
From 0.0 pips (indicative)
Platforms
MT5, proprietary
Best for
Accessible raw-pricing entry
Why it ranks seventh: a low-cost Zero account and low minimum deposit for an accessible MT5 entry.
Why we recommend HFM
HF Markets (UK) Ltd (FCA FRN 801701) puts its low-cost Zero account on MT5, combining a raw spread with a per-lot commission and a low minimum deposit. That makes HFM one of the more accessible raw-pricing MT5 entries under FCA regulation for a trader starting small.
The review is thin and carries findings from a non-UK entity, so we import nothing unverified: confirm the current Zero-account commission, spread and minimum deposit on the UK site before funding. Market range trails Admirals on MT5, so HFM's case is cost of entry rather than breadth.
Pros & cons
- Low-cost Zero account on MT5
- Low minimum deposit for an accessible entry
- Tiered account structure
- Review carries non-UK-entity findings
- Zero-account commission not confirmed in GBP
- Narrower market range than Admirals on MT5
Beyond the ranked seven, HYCM and Swissquote also offer MT5 to UK clients under FCA authorisation, pairing it with their own proprietary platforms.
What MT5 looks like on a UK account
The terminal is the same wherever you open it, so what separates these brokers is what sits around it: how you get the platform, and what help you get once it is running. The captures below show MT5 itself, HFM’s download page for the terminal and its mobile apps, and the guides Pepperstone publishes for setting it up.
MT5 platform screenshots
What MT5 does better than MT4
MetaTrader 5 is the newer, multi-asset platform and it adds real capability over MT4. It carries twenty-one timeframes against MT4’s nine, native depth of market, a multi-thread strategy tester that backtests faster across more pairs, a built-in economic calendar and extra pending-order types. For a UK CFD trader who trades indices, commodities and shares alongside forex, the multi-asset design is the practical reason to choose it. The full feature-by-feature split sits in our MT4 vs MT5 comparison.
Where MT4 still beats MT5
MT4 holds two genuine advantages. The expert-advisor and custom-indicator library is far larger after two decades of community code, so a trader who depends on a specific legacy tool may find no MT5 equivalent. Hedging is also on by default in MT4, while in MT5 it is broker-dependent. A trader whose whole workflow sits on a particular MT4 EA has a real reason to stay, and the best MT4 brokers guide ranks the FCA-regulated options.
FCA regulation: what it covers for MT5 traders
MetaQuotes licenses MT5 to brokers; the broker executes your orders and holds your money, so FCA protection attaches to the broker, not the platform. A UK retail MT5 account carries segregated client money, negative balance protection, FSCS cover up to £85,000 and Financial Ombudsman Service access. Retail leverage is capped per instrument under the FCA’s product-intervention rules.
| Asset class | FCA retail leverage cap |
|---|---|
| Major currency pairs | 30:1 |
| Non-major pairs, gold and major indices | 20:1 |
| Other commodities and non-major indices | 10:1 |
| Government bonds from the UK, eurozone, US, Japan, Canada or Switzerland | 30:1 |
| Individual shares, and any asset not listed above | 5:1 |
Two MT5-specific checks matter. Confirm hedging is enabled on the UK entity’s MT5 build if you trade opposing positions, and confirm the server you are given belongs to the FCA entity rather than an offshore sibling, since several ranked brokers run parallel entities with different protections.
Setting up MT5 with a UK broker: quick walkthrough
- Open and verify the account with the FCA-regulated entity.
- Download MT5 from the broker’s site so the correct live and demo servers are pre-loaded.
- Log in and check the server name matches your account type; raw accounts often sit on separate servers.
- Confirm the account currency shows GBP and set the hedging mode as expected, since netting versus hedging is fixed per account, not per trade.
- Load indicators or expert advisors through the platform’s data folder under MQL5; MQL4 code does not run on MT5, so budget for replacements.
- Fund in GBP and place a minimum-size trade to confirm execution, commission posting and swap display before scaling.
Compare brokers by the factor that decides it
Different traders rank on different things. Start from the factor that decides it for you.
Start with the overall ranking
Our main UK list scores every FCA-regulated broker on cost and execution.
Cost decides it
The same trade costs different amounts on different account types. These lists rank on the all-in figure.
Your strategy decides it
Pick your trading software first, then compare the brokers that carry it.
What you trade decides it
Each market carries its own FCA leverage cap, so the by-asset pages rank brokers per instrument.
FAQs
Which is the best MT5 broker in the UK?
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Related pages
About the author
Justin Grossbard is the co-founder and head of research at CompareForexBrokers. He has traded forex since 1998, leads UK broker research and has personally reviewed every FCA-regulated broker on this site. His work has appeared in Forbes, Kiplinger and Finance Magnates, and he holds a Bachelor of Commerce (Honours) and a Master's in Marketing.