What is The Minimum Amount to Trade on MT5?

MetaTrader 5 (MT5) is one of the most widely used multi-asset trading platforms globally. It offers an intuitive user interface alongside advanced charting tools, automated trading capabilities, and access to a wide range of financial markets. Additionally, it has Depth-of-Market (Level II Pricing), which displays real-time bid and ask prices on the order book, giving insights into market liquidity. One of the most common questions that traders ask is: 

What is the minimum amount required to trade on MT5?

Well, the answer to this question depends on various factors. In this article, we will explore the minimum amount a trader requires to start trading on MetaTrader 5, including factors that influence the minimum deposit. Let’s begin. 

Understanding MT5 as a Platform

Before diving into the minimum amount required to trade, it’s important to understand what MT5 is. MetaTrader 5 is a multi-asset trading platform developed by MetaQuotes Software. It allows traders to use advanced charting tools, technical indicators, algorithmic trading (via Expert Advisors), and real-time order execution.

However, MT5 itself is just the platform. The actual account creation, deposits, withdrawals, and trading conditions are determined by your MT5 broker. This means the minimum amount needed to trade on MT5 varies depending on the broker you choose. 

Factors Determining The Minimum Amount to Trade on MT5

As mentioned, the minimum amount required to trade on MetaTrader 5 will depend on the broker that you choose. However, that is just the broader outlook of this concept. More specifically, there are two main factors that determine how much you need to trade on MT5. These include:

• The Minimum Deposit of a Broker - Different MT5 brokers have different minimum deposit requirements. One broker may have a minimum deposit of just $10, while another may require a minimum deposit of $100. As an example, Pepperstone, one of the top MT5 brokers, does not have a minimum deposit requirement. This means that traders can invest whatever amount they want. In contrast, Tickmill, another top-tier broker where you can open an MT5 account, requires a minimum deposit of $100.

• Account Type - Another factor that comes into play is the account type that a trader chooses. Different accounts on the same broker site can have different minimum deposit requirements. For example, a Standard account on Exness will require a trader to deposit at least $10, while a Raw Spread account requires $200 (subject to change depending on your jurisdiction).

Some Low Minimum Deposit MT5 Brokers

Below is a list of some well-regarded MT5 brokers with relatively low minimum deposit requirements.

Pepperstone

Pepperstone is one of the lowest minimum deposit MT5 brokers in existence today. This broker does not impose any minimum deposit requirements on traders. This means they can invest whatever amount they want. The broker supports a variety of funding methods, including bank transfers, credit/debit cards, PayPal, Skrill, POLI, BPAY, USDT, M-Pesa, and Neteller.

Through MT5 on Pepperstone, traders gain access to a variety of market products totalling over 1,400 different instruments. This includes CFDs on forex, indices, commodities, cryptocurrencies, currency indices, stocks, and ETFs. Traders can also use other industry-standard trading platforms, including MT4, TradingView, cTrader, and the broker’s own Pepperstone Trading Platform.

The spreads involved when trading on Pepperstone are competitively low, fitting the cost-conscious trader's needs. The Standard account on this broker site features spreads from as low as 1.0 pips with no extra commission. In contrast, the Razor account offers raw spreads that start from 0.0 pips but includes a commission that depends on the trading platform that a trader uses. 

Forex traders using MetaTrader 5 or MetaTrader 4 are charged a commission of $3.50, €2.60, £2.25, or CHF 3.30 per side per lot, depending on their account currency. Those trading via TradingView or the Pepperstone Trading Platform pay a commission of $3.50 per side per lot. cTrader users benefit from a lower rate of $3.00 per side per lot. For accounts in currencies other than USD on TradingView, cTrader, or the Pepperstone Trading Platform, the commission is converted to the account’s currency using the spot exchange rate.

On another note, Pepperstone is a well-regulated broker. This firm operates under the strict supervision of several organisations, including the FCA in the UK, the CySEC in Cyprus, the ASIC in Australia, the BaFin in Germany, the CMA in Kenya, and the DFSA in Dubai, among others.

75.3% of retail CFD accounts lose money

HFM

HFM is another top MT5 broker with a low minimum deposit requirement. The broker offers six different trading accounts, which include the Cent, the Premium, the Top-up Bonus, the Zero, the Pro, and the Pro-plus accounts. Among these, the Cent the Premium, the Top-up Bonus, and the Zero accounts do not have a minimum deposit requirement. In contrast, the Pro account requires a minimum deposit of $100, and the Pro-plus account requires a minimum deposit of $250. There are various payment methods supported by the broker, including wire transfers, credit and debit cards, PayRedeem, Neteller, Skrill, Fasapay, Mobile Money systems like M-Pesa, and cryptocurrencies.

Positively, this MT5 broker gives investors access to a ton of market products. On this broker site, investors have access to CFDs on forex, energy, indices, stocks, metals, bonds, commodities, cryptocurrencies, and ETFs. Alongside MetaTrader 5, traders can also use MT4 and the HFM Platform.

HFM offers competitive trading conditions with spreads that differ based on the trader's chosen account type. The Premium account features spreads starting at 1.2 pips, while the Cent account offers slightly tighter spreads from 1.0 pips. In regions where the Top-Up Bonus account is available, spreads begin at 1.4 pips. For traders seeking even lower spreads, the Pro account has spreads starting at 0.5 pips, and the Pro-Plus account offers spreads from 0.2 pips. None of these accounts charges a commission on forex pairs. However, the Zero Spread account offers spreads from 0.0 pips but charges a commission of $3 per side per lot.

HFM is a regulated broker with licenses in various jurisdictions. It is duly regulated and authorised by the CySEC, the DFSA, the FCA, and the CMA.

68% of retail investor accounts lose money when trading CFDs with this provider.

XM

XM allows traders to trade on MT5 with a minimum deposit of just $5. Traders can fund their accounts using a variety of options, including Wire Transfers, Skrill, Neteller, Credit and Debit cards, and PayPal. After funding their accounts, clients can use MetaTrader 5 to trade a variety of global market products. In total, this broker offers a collection of over 1,400 different instruments. These include CFDs on forex, equity indices, shares, cryptocurrencies, commodities, metals, stocks, and energies. Traders can also use MT4 and the XM Trading App to place orders.

XM maintains strong regulatory credentials, holding licenses from multiple financial authorities. Specifically, the broker operates under the supervision of the CySEC, the ASIC, the DFSA in the DIFC, and the FSC in Belize. This multi-regulatory compliance is a key factor in XM's growth into one of the world's largest brokers.

When it comes to trading conditions, XM offers competitive spreads. The Standard account features spreads starting from 1.6 pips on major currency pairs, with no commission fees. For traders looking for tighter spreads, the XM Ultra Low account offers spreads starting from just 0.8 pips, also without any commission. The Shares account operates on a commission-based structure. The commission charged varies depending on the specific share being traded and the size of the trade.

75.18% of retail investor accounts lose money when trading CFDs with this provider.

Exness

Exness is one of the largest brokers in the world with access to MetaTrader 5. This MetaTrader 5 broker requires a minimum deposit of just $10, allowing traders to start with a low entry point. Alongside MT5, clients of Exness can also use MetaTrader 4, Exness Terminal, and Exness Trade App. These platforms allow investors to trade plenty of market products, which include CFDs on forex, metals, cryptoсurrencies, energies, stocks, and indices. 

There are five different trading accounts available to traders, including two standard accounts and three professional accounts. The Standard Account features spreads starting from 0.2 pips, while the Standard Cent Account provides spreads from 0.3 pips. For those seeking tighter pricing, the Pro account provides spreads as low as 0.1 pips. Exness does not charge any commissions on the Standard, Standard Cent, or Pro accounts.

Finally, Exness is a regulated broker under the supervision of a variety of organisations. It operates under the watch of the FCA, the CySEC, the FSCA, the CMA, and the FSC in Mauritius, among others.

Remember that Forex and CFDs available at Exness are leveraged products.
Their trading can result in the loss of your entire capital.

FBS

The minimum deposit on FBS is a low $5, which gives traders access to various trading platforms. These include MetaTrader 5, MetaTrader 4, and Mobile Apps. Through these platforms, traders can access CFDs on forex, indices, metals, energies, stocks, and cryptocurrencies. FBS offers competitively low spreads to its traders. The standard account typically features spreads starting at just 0.7 pips for major currency pairs, with no commission fees.

Finally, FBS is a regulated broker in various jurisdictions. It operates under the regulation of the CySEC in Cyprus, the ASIC in Australia, the FSCA in South Africa, and the FSC in Belize.

67.71% of retail CFD accounts lose money

Octa

Known for its user-friendly interface and competitive trading conditions, Octa is a top choice for traders seeking an MT5 broker. The minimum deposit to open an account with Octa is $25, and the broker supports a variety of payment options. These include Credit/Debit cards, Neteller, Skrill, and Cryptocurrencies.

On Octa, traders can use MetaTrader 5 to access several global markets. Specifically, traders can speculate on CFDs across various asset classes, including forex, cryptocurrencies, commodities, indices, and stocks. Traders can also use the broker’s proprietary platform, OctaTrader.

The broker offers two account types, both featuring spreads starting from 0.6 pips for major currency pairs with no additional commission charged. Additionally, Octa is a regulated broker. The broker has regulation from the CySEC, the FSCA, and the MISA in Mwali.

Remember that forex and CFDs available at Octa are leveraged products and can result in the loss of your entire capital.

How To Choose a MetaTrader 5 Broker

While the minimum deposit accepted by a broker is important to consider, there are several other factors that traders must assess. We have only mentioned here a few MetaTrader 5 brokers with low minimum deposit requirements. However, there are some other quality MetaTrader 5 brokers that may have relatively higher minimum deposits. 

For example, Tickmill, FP Markets, and Forex.com are some of the most respected MetaTrader 5 brokers, but they feature minimum deposits of $100. So, how does one pick the best MetaTrader 5 broker? Here are some key things to consider:

• Regulatory Status - A company’s regulatory background is a critical factor when choosing a broker to trade. Always ensure the broker is licensed by reputable authorities such as the FCA, CySEC, ASIC, FSCA, or CFTC. These regulators help ensure transparency and client protection.
• Trading Costs - The fees a broker charges can significantly impact your overall profitability. It's essential to compare spreads and commissions across brokers to choose the most cost-efficient option for your trading style.
• Asset Variety - Choosing a broker with a broad selection of tradable instruments allows for greater portfolio diversification. Access to a wide range of assets enables traders to explore different markets and strategies.

Closing Remarks

The minimum amount required to trade on MetaTrader 5 isn't a fixed figure dictated by the platform itself. Instead, it's primarily determined by the broker you choose and the specific account type you open with them. While some brokers offer the flexibility of no minimum deposit, others have requirements ranging from $5 to $100 or more.

When selecting an MT5 broker, think beyond the minimum deposit. Always prioritise regulatory status, competitive trading costs and the variety of assets available. Ultimately, the best MT5 broker for you will depend on your budget and trading strategy. In summary, start with what you can afford, but choose a broker that aligns with your broader trading needs and long-term goals.