Best MT5 Forex Brokers in Australia 2021

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Metatrader 5 or better known as MT5 is a popular Forex trading platform that succeeds the metrader 4 version of the platform. In Australia there are many Forex brokers that offer the metatrader 5 platform. Here we will be looking into the best MT5 Forex broker in Australia for 2021.

These broker listed below accept clients from Australia and better yet many are founded and operate in the country. All are ASIC regulated which is the Australian Securities and Investments Commission. Also find Metatrader 5 brokers for Canada on our website.

List of MT5 Forex Brokers in Australia

Lets get right into with the best Metatrader 5 brokers in Australia for Australian residents in more detail:

Broker TypeECN, DMA
RegulationsASIC, CySEC
Min Deposit$100.00 USD
Account Base CurrencyAUD, CHF, EUR, GBP, HKD, CNY, NZD, SGD, USD
Max Leverage1:500
Trading PlatformsIRESS, Metatrader 4 and 5, MAM, PAMM
MarketsForex, CFD’s, Shares, Crypto-currencies, Metals, Indicies, Equities
Broker TypeECN, RAW spreads
RegulationsASIC, FSA, CySEC
Min Deposit$200.00
Account Base CurrencyUSD, AUD, EUR, GBP, CAD, JPY, NZD,CHF, SGD, HKD
Max Leverage 500:1
Trading PlatformsMetatrader 4/5, cTrader, Webtrader, API Trading, MAM / PAMM
MarketsForex, Index CFD Trading, Precious Metals, Energy, Bitcoin
Broker TypeECN
RegulationsASIC and FCA
Min Deposit$200.00
Account Base CurrencyUSD, AUD, EUR, GBP, JPY, NZD,CHF, SGD, HKD
Max Leverage 500:1
Trading PlatformsMetatrader 4/5, cTrader, Webtrader, API Trading, MAM / PAMM
MarketsForex, Index CFD Trading, Commodities, Cryptocurrencies, Shares

The list of MT5 Brokers continues:

Which Australian Broker is Best for MT5?

Australia is known for its large offerings of retail forex brokers.

Not all of them are well established and or trustworthy.

You need an Australian forex broker you can be confident in and that uses the MT5 platform. The best truly Australian forex brokers to use the MT5 platform with are, IC Markets or fp markets. Both brokers have been around for many years and are well established in the retail forex arena.

Which is Best MT4 or MT5?

For Australians wondering which platform may be better, Metatrader 4 or 5. This usually comes down to personal preference.

MT4 is more populator as its been out for many years compared to the 5th edition. MT5 does usually offer more instrument to be traded but that is also dependent on what instruments the broker offers.

Some advantages of MT5 include:

  • provide traders with more access to CFDs, stocks, Options and futures
  • Specialize MT5 ONLY indicators and EA’s (expert advisors)
  • Market Depth data or DOM (depth of market)
  • Looks very similar to mt4 platform
  • Economic calendar within platform
  • technical support from the developer

Certain expert advisors and indicator may be specific to mt4 or mt5. One platform version is not necessarily better than the other. Both are fairly the same and many would feel right at home when using them.

Conclusion

If you take a look at our top 10 Forex Brokers reviews, you will notice that many brokers are Australian based.

Many retail forex brokers call Australia home. That is why if you are looking for an Australian broker that offers mt5 (metatrader 5), you will see that it isn’t hard at all.

Though many will be happy with the 4th version of the platform, MT5 does offer more features for traders to use while trading.