| Online Broker | Minimum Deposit | MetaTrader Trading Platforms | About |
|---|---|---|---|
| XM | $5 MT5 Minimum Deposit | MT5, MT4 MetaTrader Trading Platforms | XM has a $5 minimum deposit for its Metatrader 5 and MetaTrader 4 trading accounts, which include an Ultra Low Micro account (with very low trade sizes) for both platforms About |
| Deriv | $5 MT5 Minimum Deposit | MT5 MetaTrader Trading Platform | Deriv has a $5 minimum deposit for a live account and no minimum deposit to transfer into the MT5 account, offering a wide range of markets such as Synthetic Indices, Stocks, and Forex CFDs About |
| RoboForex | $10 MT5 Minimum Deposit | MT5, MT4 MetaTrader Trading Platforms | RoboForex has a $10 minimum deposit to use MT5 and MT4, with Cent and ECN accounts available. About |
| Pepperstone | $200 Minimum Deposit | MT5, MT4 MetaTrader Trading Platforms | The minimum deposit for MT5 is $200. Pepperstone provides MT5 along with MT4, cTrader and TradingView. About |
What Is The Minimum Deposit For MT5 ?
MetaTrader 5 is the successor to MetaTrader 4. MT5 is offered by a wide range of brokers, which may also provide MT4. To trade on a live account, it is necessary to deposit at least the minimum deposit for the broker. However, MT5 may have a different minimum deposit from MT4.
The minimum deposit is the minimum initial deposit required to trade at a broker (deposits after this initial deposit may have a different minimum). Different accounts can have different minimum deposits. The minimum that can be sent from a particular payment provider may differ from the minimum deposit of the broker.
What does it mean when there is no minimum deposit? This simply means that the broker does not set a minimum deposit, leaving it up to the trader. However, the trader needs to consider whether they will have enough to trade in a comfortable way, regardless of the minimum deposit.
MetaTrader 5 is an online trading platform which allows the trader to use online trading robots, called Expert Advisors (EAs) as well as tools for technical and fundamental analysis. MT5 is the successor to MT4 and offers a number of improvements over this platform. Like MT4, the trader can download (typically for a fee) EAs and indicators, but can also make them in the MQL5 programming language (which differs from MT4's MQL4 language).
Some brokers fit MT5 into their account structure with MT4 (i.e., one account type will offer both platforms). Others offer MT4 and MT5 as separate accounts. So, to conclude, at some brokers, the minimum deposit for MT5 can in fact be low, for example, $5, but at others, it can be higher.
