MT5 is the latest online trading platform by MetaQuotes. It a very popular platform and it is available with many reputable forex brokers. You can use MT5 to trade a large selection of instruments including forex, shares, indices, commodities, metals, and cryptocurrencies. You can also use it check the markets, research recent price trends, and plan your trading strategies. Here is a list of some of the most popular MT4 brokers in the forex industry.
Broker | Features | Review | Visit |
* CMA regulated * 1:1000 leverage * 1200+ instruments | |||
* CMA regulated * $200 min. deposit | |||
* CMA regulated * 1:400 leverage * $5 min, deposit | |||
* 1:1000 leverage * 950+ instruments * Copy trading | |||
* 1:1000 leverage * 210+ instruments * Free education | |||
* 1:500 leverage | |||
* 1:500 leverage | |||
* 1:500 leverage | |||
*1:500 leverage | |||
* 1:500 leverage * 390 instruments * Tight speads | |||
* 1:500 leverage * 300+ instruments * Low minimum deposit | |||
* 1:777 leverage | |||
* 1:1000 leverage | |||
* 1:500 leverage * 800+ instruments * African Broker | |||
* 1:1000 leverage | |||
* 1:1000 leverage |
Why Trade With MT5?
As a forex trader, you need to be able to check recent price movements and anticipate where future prices might go. The MT5 trading platform provides you with several analytical tools, enabling precise price analysis and forecasting. The key features include:
- You can open as many as 100 charts at a time.
- The charting system comes with 21 time-frames.
- There are 80 analytical objects as well as built-in technical indicators.
- There are 39 graphical objects.
- There are 38 technical indicators.
- There are 4 scaling modes.
- You can choose from 17 display styles for client indicators.
All these wonderful tools are available to you for technical analysis and help you to prepare well for any market changes.
How To Choose The Best MT5 Broker
If you’re a new trader, it can be hard to know which forex brokers in Kenya are offering the best trading platforms and the best trading support. When you visit a broker’s website, you can check to see what platforms they offer and if MT5 is available. You can also check what forex pairs are available and how good their trading support is. Here are a few key things to keep in mind when choosing a broker:
- Regulation – Check to see if your broker has a licence. It is important to know if they are a regulated company and whether they can legally operate in your country. Be sure to also check that they have additional safety measures such as negative balance protection.
- Trading Conditions – Check if your broker has all of the trading instruments you want to trade. Good forex brokers will offer a wide range of forex, stocks, commodity, and cryptocurrency instruments. Make sure you also check what account types and trading conditions they offer.
- Minimum Deposits – Check their minimum deposit requirements. Good forex brokers will usually have at least one low-cost option. Be sure to also check that they offer a good selection of payment methods such as credit cards, debit cards, wire transfers, and e-wallets.
- Trading Support – Check that they can offer you the support you need. Many forex brokers offer free educational courses and free market analysis. Look for a forex broker that also offers access to free trading tools in MT5 such as calculators, economic calendars, EAs, and chart indicators.