With MT5 webtrader, you can now trade from your mobile phone without installing any app. Find out which broker provides MT5 webtrader in this article and why the platform is more preferable than the MT4 webtrader.
Both MetaTrader 4 and MetaTrader 5 are available as apps and webtraders that can be accessed from an internet browser. You can access the market and trade straightaway without installing any software on your device. You only have to prepare a steady connection and an internet browser to open the webtrader version.
Even though MetaQuotes released this innovation a bit later than its competitors, the webtrader versions of MetaTrader 4 and MetaTrader 5 were immediately welcomed with high enthusiasm from traders. Many brokers decided to offer this service, although the features and appearances are relatively simpler than other webtrader platforms.
Here is a list of one of the best MT5 webtrader brokers that you can consider:
- FBS: Offers various tools including one-click trading.
- XM: Equipped with at least 700 trading instruments.
- Admiral Markets: Allows you easy trading without downloading.
- FxPro: Offering Market Depth pricing system.
- Swissquote: Allows automated trading through their MT5 webtrader.
- FX Choice: Their MT5 webtrader platform offers customizable price charts.
These MT5 webtrader platforms also come with different features that can elevate trading experiences. This article will talk more about each brokers MT5 webtrader.
Brokers Offering MetaTrader 5 Webtrader
The following brokers provide MT5 webtrader in actuality. They don't put it as just a label to attract clients, but indeed offer the webtrader version of the newer MetaQuotes platform with a better user interface and compatibility to mobile display.
1. FBS
FBS MT5 WebTrader offers a comprehensive trading experience that caters to various assets, including Forex, gold, oil, stocks, and more. This browser-based trading platform boasts many essential features that traders need.
Among its notable features are one-click trading, providing swift execution for each trade, and the convenience of online access to trading directly via your browser. The compatibility with both Windows and macOS ensures accessibility from different devices. This FBS platform enhances your monitoring capabilities by displaying active orders on charts and including technical analysis tools.
Since 2009, the action of FBS Holding Inc. or known as FBS in the world of forex trading has been recognized by various international institutions. With clients reaching 14 million as of 2019, FBS has received the title of Most Transparent Forex Broker 2018, Best Investor Education 2017, Best Customer Service Broker Asia 2016, IB FX Program, and many others.
FBS is regulated by FSC Belize and CySEC Cyprus. This broker has been trusted by millions of traders and 370 thousand partners from various countries. Based on their data, FBS garners about 7,000 new traders and partner accounts every day. And, 80% of the clients stay in the FBS for a long time. No wonder the broker is growing rapidly due to the incredible growth in the number of clients.
Trading products offered by FBS range from forex, CFD, precious metal, and stock. For forex trading, CySEC-regulated FBS offers leverage up to 1:30 on Cent and Standard Accounts. Clients who want to try higher leverage than that can alternatively register an account under FBS Belize.
FBS spread begins from 0.5 pips for Pro account type and from 0.7 pips for Standard and Cent accounts. On a standard account, volume orders can be made from 0.01 to 500 lots. Therefore, this account is recommended for experienced traders.
Whereas on Cent Accounts, volume orders can be carried out with a maximum of 500 cent lots or the equivalent of 5 standard lots. Cent Accounts involve a different level of risk. FBS recommends Cent Accounts for beginner traders. All account types support the following trading instruments: 36 Forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, 5 crypto pairs.
Before plunging into the real forex market, traders can practice with FBS Demo Account which consists of two types, i.e Standard and Cent.
FBS uses the MetaTrader 4 and MetaTrader 5 platforms. They offer them on Windows and Mac as well as Android and iOS mobile. These platforms provide a trading experience at traders' fingertips, allowing traders to progress as a trader anywhere at any time.
MetaTrader platforms also have a variety of mainstay features, including the possibility to create, buy, and use expert advisors (EA) and scripts, One-click trading and embedded news, technical analysis tools, the possibility to copy deals from other traders, hedging positions, and VPS service support.
Another advantage provided by FBS is a deposit bonus of 100% for clients who fulfill certain requirements. The process of FSCing and withdrawing funds can be run easily and quickly. Based on clients' testimonies, each process usually takes no more than 3-4 hours, except on holidays.
Traders also have the opportunity to develop a side business when trading with FBS, namely as an Introducing Broker (IB) or Affiliate. The FBS partnership system provides partner commissions that are already in 3 level positions. Only by introducing new clients to FBS according to certain procedures, traders can earn extra income.
Traders will also get trading education experience at FBS. They have prepared a comprehensive forex course. The course consists of 4 levels: beginner, elementary, intermediate, and experienced. Traders can take courses that will turn them from newbies to professionals. All materials are well-structured. Besides, FBS provides various forex analyzes, webinars, forex news, and daily market analysis that can be accessed easily on their site.
Traders can access the FBS website with many language choices. Of course, this will increasingly provide comfort for traders. Available languages include English, Italian, French, Portuguese, Indonesian, Spanish, and others. Live chat support is also provided 24 hours 7 days a week.
In conclusion, FBS is a widely known broker among retail traders around the world. It continually grows to become a preferred broker because of flexible trading conditions that enable its clients to trade with various instruments, low deposit, and other trading advantages.
2. XM
XM is a well-known broker that proves its commitment to provide various trading platforms, including MT5 webtrader. In this case, the broker goes all out by allowing their clients to access the platform even with a demo account. According to the broker's official website, the platform is equipped with at least 700 trading instruments and many technical analysis features.
Moreover, the webtrader version of MetaTrader 5 clearly increases the flexibility and convenience of trading. Apart from being accessible without installing any software on your mobile device, this platform doesn't take too much internal memory in its operation as you can access it through a web browser.
XM Group is a group of regulated brokers and it is owned by Trading Point Holdings Ltd. Entities under XM Group have significant experience as financial services providers worldwide.
Trading Point of Financial Instruments Ltd was established in 2009 with headquarters in Limassol, Cyprus, Trading Point of Financial Instruments Pty Ltd was established in 2015 with headquarters in Sydney, Australia, XM Global Limited was established in 2017 with headquarters in Belize and Trading Point MENA Limited was established in 2019 with headquarters in Dubai.
XM Group is regulated by the CySEC (Cyprus Securities and Exchange Commission) - Trading Point of Financial Instruments Ltd, FSC (Financial Services Commission) – XM Global Limited, the ASIC (Australian Securities and Investments Commission) - Trading Point of Financial Instruments Pty Ltd and DFSA (Dubai Financial Services Authority) - Trading Point MENA Limited.
XM is one of the more experienced brokers in the world of online forex trading today. Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and EN Live Edu that is instructed by 16 global experts.
In terms of trading instruments, XM is a well-known diverse class assets provider, varying from Forex, Crypto, Stock CFDs, Turbo Stocks, Commodities, Equity Indices, Precious Metals, Energies, & Shares. XM prides itself to be the ideal broker in trading execution, offering a stat of 99.35% orders to be executed in less than 1 second. Trading in XM would be also provided with a strict no requotes policy, no virtual dealer plug-in, no rejection of orders, real-time market execution, and the choice for traders to place orders online or by phone.
Spreads on all majors can reach as low as 0.6 pips in Ultra-Low Account, while spreads on other accounts usually start from 1 pip.
To protect the client's fund in the event of extreme volatility, XM presents each account type with Negative Balance Protection. Minimum deposit of $5 applies to Standard, Micro, and also Ultra-Low Accounts. Traders who open accounts in XM are enabled a condition similar to a Cent Account environment in the Micro Account, in which the Contract Size for every lot is only 1,000 units. If it is applied with the smallest lot size in the MetaTrader platform which amounts to 0.01, it means that traders can go as small as 10 units per trade.
For the deposit, XM applies zero-fee deposits in most of its available payment methods. Traders can choose to fund or withdraw their accounts via wire transfer, credit card, as well as the most favorable e-payment choices like Skrill, Neteller, and FasaPay.
To give their clients the best experiment in trading, XM has given access to both MT4 and MT5 platforms, each is available for more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android, and Android Tablet).
All in all, there is no doubt that XM has gone global with its deep commitment to providing services in more than 30 different languages across the world. Aside from easing traders' experience with mainstream trading platforms and high-quality trading execution, XM is open to various types of traders, from small capital traders to the more experienced ones with big deposits at the ready. Traders are even provided with a Cent Trading environment should they choose to register under Micro Account.
For their global approach, XM has ensured that traders from various countries could access their service easily. This results in the provision of different domains specified for traders in certain jurisdictions. For example, traders from Indonesia could access XM via this link.
3. Admiral Markets
The MT5 webtrader in Admiral Markets is presented as "No download. No specific OS. No worries". It has the primary advantage that allows you to trade anywhere and anytime, without downloading any contents or specific OS, and won't keep you waiting for long. Apart from that, traders can also enjoy other features in the MetaTrader 5, such as the various accounts for forex trading, CFD, metals, stocks, stock indices, etc.
4. FxPro
The next broker that provides an MT5 webtrader is FxPro. This broker's credibility is proven since it has won several awards, including the Best MT5 Broker at the UK Forex Awards. FxPro offers access to MetaTrader in various versions: desktop, webtrader, and mobile.
When it comes to the webtrader versions, the platform is supported by a choice of instruments in five assets and a Market Depth pricing system. The broker claims that the MT5 webtrader is a robust platform with various useful trading features. Its specialty lies in the easy access and ease of use that other types of platforms cannot provide. For maximum effectiveness, FxPro recommends the One-Click Trading feature. Firstly, you must open an account in them.
Ever since its establishment in 2006, FxPro has successfully expanded to serve retail and institutional clients in more than 170 countries. Their head office is in London, UK.
FxPro UK Limited is authorized and regulated by the FCA since 2010. Meanwhile, other subsidiaries such as FxPro Financial Services Limited is authorized and regulated by CySEC since 2007 and the FSCA since 2015. Because of that, traders do not need to worry again about their funds safety. As a strong proponent of transparency, it established the highest standards of safety for clients' funds, as the company chooses to keep the funds in major international banks, fully segregated from the company's funds.
They always try to provide transparent and ethical practices across the global trading industry. In 2018, 74.65% of market orders were executed at the requested price while 12.8% of the client's orders were executed with positive slippage. Also, only 1.4% of all instant orders received a requote with 0.72% of them receiving better price when executed.
The total number of trades in FxPro has increased from year to year. In 2018, the number of trades achieves 53.6 million. Based on trust from their clients, FxPro received awards as Most Trusted Forex Brand UK 2017 by Global Brands Magazine. Besides, they became the first broker to sponsor an F1 team in 2008. There are around 60 UK and International Awards which had been achieved by FxPro.
They are committed to create a dynamic environment that equips traders with all the necessary tools for their trading experience. Opening an account in FxPro grants access to more than 250 CFDs on 6 asset types, including forex, shares, spot indices, futures, spot metals, and spot energies. They want to provide their clients with access to top-tier liquidity and advanced trade execution with no dealing desk intervention. The average execution time is less than 11.06 millisecond with up to 7,000 orders executed per second. Those advantages enable traders to benefit from tight spreads and competitive pricing.
Furthermore, FxPro is recognized as an innovative broker. The company allows its clients to enjoy a wide range of trading platforms, such as MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge. Web-based versions and mobile applications are also available so that traders can access financial markets at any time and anywhere.
Traders can choose platforms according to their needs. Fans of MT4 is provided with instant execution and easy-to-use trading platform. In this account, leverage is up to 1:500 and spreads start from 1.6 pips without commissions.
If traders want to get experience with more modern technology, traders should choose FxPro MT5 Accounts. In this account, spreads start from 1.5 and leverage is up to 1:500 without commissions.
Another type of accounts is FxPro cTrader. It is suitable for traders who give priority to the speed of execution with the most restrictive spreads compared to other account types'. FxPro cTrader is a powerful trading platform offering the best available bid and ask prices, with orders filled in just milliseconds. The platform also provides Market Depth and trading analysis tools. In this account, spreads start only from 0.3 pips. But, traders have to pay commissions $45 per $1 million traded (upon opening and closing a position) in forex and metals.
The key difference between MetaTrader 4, MetaTrader 5, and cTrader lies in the range of the CFD products that are available. The MT4 platform gives traders a chance to open positions on all of the 6 asset classes, whereas the MT5 doesn't support shares, and cTrader doesn't support shares and futures.
Besides 3 types of platforms above, trading in FxPro also enables access to FxPro Edge. This platform offers clients a new way to trade the markets in the form of spreads betting.
Each broker has pros and cons, and FxPro is not an exception. Aside from the advantages as explained before, FxPro has a high minimum deposit. Also, there are not many types of payment and withdrawal methods available at FxPro. Some types of methods even require traders to pay fees. However, it is still important to note that clients can trade forex, shares, indices, metals, and energies, with limited risk account at no additional cost in Fxpro
Regardless of the advantages and disadvantages, FxPro can be traders' choice as one of the best brokers with sophisticated technology. The company is suitable for traders prepared to trade with funds starting from $500.
5. Swissquote
Swissquote is one of the top forex brokers regulated by FCA (UK), presenting MT5 webtrader in their retail trading service. The platform is undoubtedly offered at its full capacity as the new generation of trading platform. Not only that, but the broker also highlights the benefit of automated trading.
As a part of the Swissquote Group Holding SA bank network, Swissquote generally offers trading conditions suitable for individual and institutional traders. Therefore, this broker might be an excellent choice for experienced traders who want to manage their strategy in an ideal trading environment.
As a leading Swiss banking group, Swissquote is considered one of the most well-known online financial and trading services providers. The company is listed on the SIX Swiss Exchange since May 2000, but their story originated back in the 1990s, where Marc Bürki and Paolo Buzzi set up a business in financial software.
Swissquote's main vision is to enable private investors to access real-time prices free of charge. They follow a mission of "democratizing banking" by upholding the values of transparency, integrity, and unbiased information for the benefit of clients, in turn allowing them to make independent decisions.
Today, Swissquote is a global financial services provider with official branches in several major areas in the world like the European area, Middle Eastern, and Asian financial centers. From 2017 to 2018, it claims as the first online bank to offer crypto trading and participation in Initial Coin Offering (ICO).
Trading in SwissQuote guarantees a regulated environment, as the broker is licensed in some of the most well-known jurisdictions in the financial industry, including the Swiss Financial Market Supervisory Authority (FINMA) and the Financial Conduct Authority (FCA) from the UK.
The broker also has local regulations for other branches in other jurisdictions such as the Malta Financial Services Authority (MFSA), the Dubai Financial Services Authority (DFSA), and the Securities & Futures Commission (SFC) from Hong Kong to enable non-EU traders to register under its account with regulated services.
SwissQuote is notable for its wide variety of trading instruments, such as 8,500+ stocks and more than 800 ETFs. Forex pairs, cryptocurrencies, government bonds, and a range of commodity CFDs are also provided to clients.
The company presents a special deposit protection scheme that amounts to CHF100,000 in the event of bankruptcy proceedings. Traders from other countries are offered many choices of base currencies like EUR, USD, JPY, GBP, CHF, CAD, AUD, TRY, PLN, SEK, NOK, SGD, XGD, HUF, and CZK.
Opening an account in SwissQuote for forex trading is available in 3 different choices:
Standard
- Spreads: from 1.7 pips
- Commission: none
- Minimum deposit: $1,000
- Minimum trade: 0.01 lot
- Leverage: 1:100
Premium
- Spreads: from 1.4 pips
- Commission: none
- Minimum deposit: $10,000
- Minimum trade: 0.1 lot
- Leverage: 1:100
Prime
- Spreads: from 1.1 pips
- Commission: none
- Minimum deposit: $50,000
- Minimum trade: 1 lot
- Leverage: 1:100
Dubbed as the most popular account, Swissquote put Premium account as the recommended choice for forex traders, as it balances a competitive spread and affordable minimum deposit according to their standard.
For the trading platform, traders can choose between MetaTrader or Sawissquote's proprietary product called Advanced Trader. To provide traders with the best experience in trading, the company also puts complementary analytical tools such as Autochartist and Trading Central signals.
For MetaTrader fans with a desire to trade in an advanced trading environment, Swissquote offers the MetaTrader Master Edition.
As the company is more suitable to experienced traders with a medium deposit capability, they do not have a complete educational package to offer to new traders. However, they arrange free webinars for everyone who would like to continually upgrade their trading knowledge. This program is managed by professional figures in the financial industry and is available in 4 languages: English, German, French, and Arabic.
All in all, Swissquote is an ideal broker for traders with enough experience to trade with more than $1,000 as their starting deposit. Its long-standing history and qualified background as a member of a Swiss banking group provide high credibility and a guaranteed trading environment that not many can offer.
However, it is also important to note that Swissquote does not offer various deposit and withdrawal methods, as they mainly focus on bank transfer and credit card payments that they revolutionized in 2018 by launching a multi-currency credit card.
6. FX Choice
The FX Choice MT5 webtrader's interface closely resembles its desktop counterpart, ensuring a user-friendly experience. It seamlessly enables all trading operations, including market placement and pending orders. An added advantage is the availability of one-click trading, a feature exclusive to the MT5 Web Terminal.
Real-time quotes are readily accessible in the Market Watch section, and the platform offers customizable price charts. With a variety of nine chart time frames, it provides flexibility for various trading strategies. Moreover, the platform includes fundamental analytical tools.
MetaTrader 4 or MetaTrader 5?
If we compare the two platforms, there is a slight difference between the webtrader versions of MetaTrader 4 and MetaTrader 5. In MetaTrader 4, there seem to be several issues with the user interface, and in some brokers, the webtrader version is still not compatible with mobile users. As a result, traders might find it difficult to trade from their smartphones.
In contrast, there are no such issues in MetaTrader 5 webtrader because apparently, MetaQuotes has provided a better version that is more updated and easy to use. Unfortunately, compared to its predecessor, MetaTrader 5 is somewhat less commonly offered by forex brokers.
Usually, the webtrader version of MetaTrader 5 is provided by established forex brokers with high popularity. Alas, you should be more considerate and be careful when looking for brokers that offer MT5 webtrader when actually they aren't. Typically, the site would say "MetaTrader 5 webtrader", but once you open the trading platform section in the website, it turns out to be the MetaTrader 4 webtrader.
Conclusion
Among the many features provided by a broker, choosing a trading platform is quite crucial. In addition to the various trading features included in the MetaTrader 5, you can now trade via a web browser without having to install any software or additional content to your device.