There are several key criteria to bear in mind when comparing the best MT5 brokers:
Security and Regulation
The most important aspect when choosing any broker is ensuring that they are fully regulated and offer a high level of security. Before making a deposit with a broker, check that they are a member of a regulatory body such as NFA/CFTC (United States), FCA (United Kingdom) or ASIC (Australia).
Trading Costs
Brokers primarily make their money through either a spread or commission charge, which you’ll have to pay on every trade that you make. Take the time to research brokers and look for one that offers tight spreads or low commission fees. Also, don’t neglect other trading-related costs such as overnight funding (or ‘swaps’) and currency conversion fees. It’s important to weigh up trading costs as a whole and not get too caught up in spread and commission charges.
Deposit and Withdrawal
Any good MT5 broker will make the deposit and withdrawal process as simple and hassle-free as possible. There should be no reason for you to have any trouble withdrawing the profits you have earned, so check that they accept a wide range of payment methods. Always check for deposit and withdrawal fees as well as minimum deposit and withdrawal amounts.