Prop Firms Forex MT5 2026: Forex Prop Firms Supporting MetaTrader 5
Discover forex prop firms supporting MT5 in 2026. This comprehensive guide covers forex prop firms with MetaTrader 5 platform support, including MT5 features, Expert Advisors, automated trading, and best MT5 forex prop firms for traders.
Forex prop firms with MetaTrader 5 platform support. Source: Unsplash
Understanding MT5 in Forex Prop Trading
MT5 (MetaTrader 5) is the advanced successor to MT4, developed by MetaQuotes Software. MT5 offers enhanced charting, more timeframes (21 vs 9), additional order types, built-in economic calendar, depth of market, and the MQL5 programming language for Expert Advisors and custom indicators.
Many forex prop firms support MT5, though MT4 is more common. Top forex prop firms like FTMO, FundedNext, The5%ers, E8 Markets, and My Funded Futures support MT5 with Expert Advisor capabilities, providing advanced trading features for forex prop traders.
MT5 benefits: advanced features, more timeframes, enhanced charting, and MQL5 programming. Learn more about MT4/MT5 prop firms and platform support.
What is MetaTrader 5 (MT5)?
Platform Overview
MT5 is the advanced successor to MT4, offering enhanced features and capabilities. MT5 provides comprehensive charting, technical analysis, order management, and automated trading capabilities through Expert Advisors, making it suitable for advanced forex trading.
MT5 features: enhanced charting, more timeframes, additional order types, built-in economic calendar, and depth of market. MT5 is the advanced forex trading platform.
Advanced Features
MT5 offers several advantages over MT4: more timeframes (21 vs 9), additional order types, built-in economic calendar, depth of market, enhanced charting, and MQL5 programming (more advanced than MQL4). These features provide enhanced trading capabilities.
Advanced benefits: more timeframes, additional order types, economic calendar, and depth of market. MT5 provides advanced trading features.
Expert Advisors (EAs)
MT5 supports Expert Advisors (EAs), which are automated trading programs developed using MQL5. EAs can analyze markets, identify trading opportunities, and execute trades automatically, making them valuable for algorithmic trading with prop firms.
EA benefits: automated execution, 24/5 trading, emotion-free trading, and strategy automation. EAs enable powerful automated trading on MT5.
MQL5 Programming
MT5 uses MQL5 programming language for developing custom indicators, Expert Advisors, and scripts. MQL5 is more advanced than MQL4, offering enhanced capabilities for creating custom trading tools and automated strategies.
MQL5 benefits: advanced programming, custom indicator development, EA creation, and strategy automation. MQL5 enables sophisticated trading tools.
Prop Firms
Related prop firm resource
MT5 vs MT4 Comparison
MT5 Advantages
- • More timeframes (21 vs 9)
- • Additional order types
- • Built-in economic calendar
- • Depth of market
- • Enhanced charting
- • MQL5 (more advanced than MQL4)
- • Multi-asset support
MT4 Advantages
- • More widely supported
- • Larger user base
- • More EAs and indicators available
- • Simpler interface
- • More broker support
- • Established ecosystem
- • Better compatibility
Top Forex Prop Firms with MT5 Support
1. FTMO
FTMO supports MT5 with full Expert Advisor capabilities, offering accounts up to $400K and 90% profit split. FTMO provides comprehensive MT5 integration for forex prop trading.
Why FTMO is excellent for MT5 traders: full MT5 support, Expert Advisor compatibility, $400K maximum funding, 90% profit split, proven reliability ($100M+ paid out), and excellent customer support. FTMO is the top choice for MT5 forex prop trading.
MT5 benefits with FTMO: comprehensive platform support, Expert Advisor capabilities, advanced charting, and automated trading. FTMO provides excellent MT5 integration.
2. FundedNext
FundedNext supports MT5 with Expert Advisor compatibility, scaling up to $4M. Offers comprehensive MT5 platform support and automated trading capabilities for forex EA traders.
3. The5%ers
The5%ers supports MT5 with Expert Advisor support, scaling up to $4M. Known for low-risk approach and comprehensive MT5 platform integration for automated trading strategies.
4. E8 Markets
E8 Markets supports MT5 with Expert Advisor compatibility, accounts up to $200K. Offers competitive spreads and professional MT5 platform support for forex traders.
5. My Funded Futures
My Funded Futures supports MT5 for forex trading with Expert Advisor compatibility. Offers competitive terms and comprehensive MT5 platform support for forex traders.
Benefits of MT5 for Forex Prop Trading
Advanced Features
MT5 offers advanced features including more timeframes (21 vs 9), additional order types, built-in economic calendar, and depth of market. These features provide enhanced trading capabilities compared to MT4.
Advanced benefits: more timeframes, additional order types, economic calendar, and depth of market. MT5 provides advanced trading features.
Expert Advisors
MT5 Expert Advisors enable automated trading, executing trades automatically based on predefined rules. EAs can trade 24/5, remove emotional decision-making, and execute strategies consistently, making them valuable for prop trading.
EA benefits: automated execution, 24/5 trading, emotion-free trading, and strategy automation. EAs are powerful tools for prop trading.
MQL5 Programming
MT5's MQL5 programming language enables custom indicator and Expert Advisor development. MQL5 is more advanced than MQL4, offering enhanced capabilities for creating custom trading tools and automated strategies.
MQL5 benefits: advanced programming, custom indicator development, EA creation, and strategy automation. MQL5 enables sophisticated tools.
Enhanced Charting
MT5 offers enhanced charting with more timeframes, additional indicators, and improved analysis capabilities. This professional-grade charting helps forex prop traders analyze markets and make informed trading decisions.
Charting benefits: more timeframes, enhanced indicators, improved analysis, and professional-grade charting. MT5 charting is advanced.
Frequently Asked Questions
Do forex prop firms support MT5?
Yes, many forex prop firms support MT5 (MetaTrader 5), though MT4 is more common. Top forex prop firms like FTMO, FundedNext, The5%ers, E8 Markets, and My Funded Futures support MT5 with Expert Advisor capabilities. MT5 offers advanced features compared to MT4.
What's the difference between MT4 and MT5?
MT5 offers several advantages over MT4: more timeframes (21 vs 9), additional order types, built-in economic calendar, depth of market, enhanced charting, and MQL5 programming (more advanced than MQL4). However, MT4 is more widely supported and has a larger user base. Both platforms support Expert Advisors.
What are the best forex prop firms with MT5?
The best forex prop firms with MT5 support include: FTMO ($400K, $100M+ paid out), FundedNext (scaling to $4M), The5%ers (low-risk, scaling to $4M), E8 Markets ($200K), and My Funded Futures. These firms offer comprehensive MT5 support with Expert Advisor capabilities.