Brokers Offering MT5 (and MT4): Who Still Supports Them

Brokers with MT5 include nearly every major retail forex provider in 2026. Pepperstone, IC Markets, XM, Exness, FP Markets and Tickmill all ship MetaTrader 5 alongside MT4. MetaQuotes stopped selling new MT4 licences years ago, so existing brokers keep MT4 servers running while new firms start on MT5. You still download the terminal from your broker, not from MetaQuotes directly.

Introduction

You need a platform that runs your Expert Advisors and gives reliable execution. MetaTrader 5 handles more instruments, better backtesting and multi-asset charts than MT4, yet many traders still prefer the older terminal for its massive EA library. The practical question is which brokers still offer both, what pricing they attach to each, and whether MT4 will remain available long enough for your current setups.

Most regulated brokers list MT4 and MT5 side by side. The difference shows up in spreads, commission, available symbols and the specific legal entity that holds your account. A $3.50 per lot per side commission on a raw account can add $70 to a 10-lot day, so platform choice and cost structure matter together.

What MetaQuotes Changed for MT4 and MT5

MetaQuotes stopped selling new MetaTrader 4 server licences. Existing licence holders continue to operate their servers and receive maintenance builds. Build 1490 arrived in October 2026 with security fixes (Source: MetaQuotes release notes via FX News Group, October 2026). Conceptual development moved to MT5 years earlier.

MT5 receives active feature updates, including news feed integrations and improved strategy tester tools. Traders on MT4 can keep using it at brokers that already hold licences. New brokers cannot add MT4. Prop firms saw sharper cuts after MetaQuotes tightened licensing rules in 2024; only a smaller set still offer MT4 or MT5 in 2026.

Brokers That Offer MT5 and MT4 in 2026

The table below lists established brokers that publicly support both platforms. Figures come from broker disclosures and account terms checked in October 2026. Always confirm the entity named in your client agreement before depositing.

Data sourced from broker official sites and regulatory disclosures. Last updated: October 2026.

Pepperstone lists MT4 and MT5 on its Razor account with spreads from 0.0 pips plus $3.50 per lot per side (Source: Pepperstone account terms, October 2026). IC Markets Raw Spread account shows average EUR/USD spreads near 0.1 pips with the same $3.50 per side commission on MT4 and MT5 (Source: IC Markets disclosures). XM offers both platforms from a $5 minimum on micro-style accounts under CySEC and ASIC entities.

How Pricing Differs on MT4 Versus MT5

Many brokers charge identical commissions on MT4 and MT5 raw accounts. Pepperstone and IC Markets both list $3.50 per lot per side on their raw/ECN-style accounts regardless of MetaTrader version. cTrader sometimes carries a lower commission at the same broker; IC Markets lists $3.00 per side on cTrader versus $3.50 on MetaTrader.

Spreads remain variable and widen during news. A 0.0 pip advertised minimum does not mean your average entry costs zero. Calculate total cost as average spread in dollars plus round-turn commission. On a standard lot, 0.1 pips equals $1, so a $7 round-turn commission plus 0.1 pip average equals roughly $8 per trade.

Which Brokers Still Support MT4 for Existing Traders

Brokers that held MT4 licences before MetaQuotes stopped sales continue to offer the terminal. Pepperstone, IC Markets, XM, Exness, FP Markets, Tickmill, HFM and AvaTrade all list MT4 in 2026. Download links appear on the broker’s platform page or inside the client portal after registration.

New accounts at these brokers can still open on MT4 where the server remains active. Some brokers push MT5 for new clients or for instruments that require multi-asset support, such as stock CFDs. Check the symbol list on each platform; MT5 often carries more indices, shares and cryptocurrencies.

MT5 Features That Matter for Everyday Trading

MT5 supports hedging and netting account modes, a depth-of-market window, and a strategy tester that handles multi-currency testing more cleanly than MT4. Economic calendar and news feeds integrate inside the terminal at some brokers. Expert Advisors written in MQL5 run natively; many older MQL4 EAs require conversion or dual-platform use.

Execution speed depends on the broker’s servers and bridge, not the platform version. Latency to NY4 or LD5 data centres matters more for scalpers than the choice between MT4 and MT5. Both platforms allow one-click trading, pending orders and trailing stops when the broker enables them.

Practical Steps to Check Platform Support Before You Deposit

1. Open the broker’s official website and locate the platforms section.
2. Note the exact legal entity in the footer or client agreement.
3. Search that entity on the FCA, ASIC or CySEC register to confirm status.
4. Open a demo account and request both MT4 and MT5 logins if both are listed.
5. Place a small test trade on each platform and note fill speed and spread.
6. Confirm negative balance protection and leverage caps on the specific entity.

Pepperstone Limited holds FCA Firm Reference Number 684312 (Source: FCA Financial Services Register, October 2026). International Capital Markets Pty Ltd holds ASIC AFSL 335692 (Source: ASIC Professional Registers). Trading Point of Financial Instruments Ltd (XM) holds CySEC licence 120/10.

Common Trader Mistakes With Platform Choice

One frequent error is assuming the platform guarantees the spreads or execution model. The broker sets spreads, commissions, stop-out levels and leverage. Another mistake is downloading MetaTrader from unofficial sites. Always use the link provided by your regulated broker.

During the 2015 Swiss franc flash crash, some MT4 servers froze while others filled at extreme prices. Platform choice did not remove the risk of gap risk or broker-side limits. Verify segregation and compensation scheme membership on the entity you actually trade with.

Internal Comparison and Next Steps

Compare current platform filters and regulated brokers at ForexBrokerList.io/brokers. See how MT4, MT5, cTrader and TradeLocker differ in our MT4 vs MT5 vs cTrader vs TradeLocker (2026) article. For regulation checks, read How to Verify a Forex Broker’s License.

Conclusion

Most major brokers still offer both MT4 and MT5 in 2026. Pepperstone, IC Markets, XM and Exness continue to support the older terminal while delivering active MT5 development. New brokers start on MT5 because MetaQuotes no longer sells MT4 licences. Test both platforms on a demo, confirm the legal entity on the official regulator register, and calculate total trading cost before you fund.

This article is for informational and educational purposes only. It does not constitute financial or investment advice. Forex and CFD trading involves significant risk of loss and is not suitable for all investors. Always verify a broker's regulatory status through official authorities such as FCA, ASIC, or CySEC before depositing funds.