Top 5 Prop Firms with MetaTrader 5 (MT5)

MT5 is the platform serious traders use for multi-asset trading on a single account. Forex, metals, indices, and stocks on one platform. EAs running natively. Depth of market built in. Multiple order types are available without workarounds. If your strategy depends on MT5, the prop firm you pick has to support the platform properly, not just offer it.

Not all prop firms implement MT5 the same way. Some integrate MT5 through third-party brokers, adding latency at the execution layer. Some restrict which MT5 features traders can actually use. Some offer MT5 alongside other platforms in ways that affect the consistency of rules. The differences matter at the execution level, especially for EA traders and scalpers measuring milliseconds.

You need a prop firm that properly supports MT5: broker-backed execution, full access to features, multi-asset trading, and EA support. Here are the top 5 prop firms with MetaTrader 5.

How This Article Evaluates Prop Firms

This article evaluates prop firms that offer MetaTrader 5 based on each firm’s published platform offerings, execution infrastructure, instrument access, and EA support at the time of writing. FXIFY is the publisher of this content and the firm being recommended. The five-criteria framework below is built from publicly available information across all firms covered. Where specific firm claims are referenced, the source is the firm’s own published information.

Key Terms

Term	What it means
MetaTrader 5 (MT5)	A multi-asset trading platform developed by MetaQuotes. Supports forex, metals, indices, and stocks on one platform with depth of market, native EAs, and multiple order types
Expert Advisor (EA)	An automated trading script that runs on MT5 to execute trades based on programmed rules
Depth of Market (DOM)	An MT5 feature showing real-time buy and sell order volume at different price levels
Static drawdown	A maximum drawdown limit that stays fixed at the starting balance. The floor doesn’t move regardless of profit. Equity is checked against the original starting capital
Trailing drawdown	A maximum drawdown limit that moves up with your highest account equity as the account grows, then locks at the starting balance. The reference value is peak equity, not starting capital

What’s in this guide

• What MT5 traders need from a prop firm
• Top 5 prop firms with MetaTrader 5
• How to pick the right one
• FAQs

What MT5 Traders Need From a Prop Firm

Before you pick a prop firm, you need to know what to evaluate it against. MT5 traders have specific platform-level concerns that affect day-to-day trading.

• Broker-backed MT5 execution. Prop firms that integrate MT5 through third-party brokers add latency at the execution layer. Direct broker-backed MT5 means orders route from your platform to the broker’s liquidity providers without intermediary integrations. This matters for scalpers and EA traders measuring milliseconds, and for traders running larger position sizes where slippage compounds.
• Full MT5 feature access. MT5 has features (depth of market, multiple order types, partial close, position management) that not all firms expose. Some firms run MT5 with restrictions that limit what traders can actually do on the platform.
• Multi-asset trading on MT5. MT5’s core differentiator is multi-asset trading on one platform. Forex, metals, indices, and stocks are accessible from a single account. Firms that restrict the instrument set on MT5 lose the platform’s main advantage for diversified traders.
• EA and algorithmic trading support. MT5 EAs are the industry standard for automation. Firms should support the use of EA without restrictive rules that limit common automation patterns. Most serious algorithmic traders need EA support across programs, not just on specific tiers.
• Pricing structure that works on MT5. MT5 traders see commission and spread structures directly in the platform. Firms with All-In or Raw pricing options give traders control over which structure suits their strategy.

Five firms meet most of these criteria. Here’s how they rank.

Top 5 Prop Firms with MetaTrader 5

1. FXIFY

FXIFY supports MetaTrader 5 across its program lineup with broker-backed execution through FXPIG. Five reasons it sits at the top for MT5 traders.

1. Broker-backed MT5 through FXPIG. FXIFY’s MT5 implementation runs through FXPIG’s broker infrastructure with direct relationships with liquidity providers. Execution routes from your MT5 platform through FXPIG’s broker layer to liquidity, not through a third-party broker integration. For more on what broker-backed means in practice, see Backed by a Broker.

2. MT5 across the program lineup. Lightning Challenge runs on MT5 only. One Phase, Two Phase (Standard, Classic, and Pro), Three Phase Challenge, and Instant Funding (Standard and Lite) all support MT5, along with other platform options. Most prop firms offer MT5 on a few programs. FXIFY offers it across the lineup.

3. Multi-asset MT5 trading. Forex, metals, indices, and stocks are accessible from a single MT5 account. The full multi-asset advantage of the platform without restrictions on instrument access.

4. EA support and pricing control on MT5. EA support is consistent across most FXIFY programs and is not restricted to specific tiers, with algorithmic traders running EAs on a VPS with FXPIG broker execution. At checkout, you pick All-In pricing (no commission on FX, metals, and indices; commission applies to crypto and stocks) or Raw ($6 per lot on FX, metals, and indices, with commission on crypto and stocks), both of which are visible in the MT5 platform.

5. Fast payouts, strong split, and a proven record. On One Phase, Two Phase Standard, and Three Phase Challenge, First Payout On Demand lets you request your first payout the moment you close your first profitable trade. Performance splits run up to 90%, with up to 100% available on Two Phase Classic. FXIFY has paid out $40M+ to a community of 250K+ traders, a record that MT5 traders can verify before committing.

Explore FXIFY’s programs and pick the one that fits how you use MT5.

2. FTMO

FTMO is a Czech-based prop firm that has been operating since 2014, per the firm’s published company information. The firm offers MT5 alongside other platforms across its programs.

What it offers MT5 traders: Established MT5 implementation with a long operational track record. Wide platform support, including MT4, cTrader, and DXtrade alongside MT5. Two-phase challenge structure with well-documented rule sets.

Best for: MT5 traders who value established brand recognition and a long operational MT5 track record.

3. FundedNext

FundedNext is based in the United Arab Emirates and has a strong presence in the EMEA and MENA markets, per the firm’s published company information. The firm offers MT5 across multiple program structures.

What it offers MT5 traders: Multiple program variants accessible on MT5. Established regional brand. Promotional pricing on entry tiers across MT5 programs.

Best for: MT5 traders who want variety in program structures with established regional brand presence.

4. MyFundedFX

MyFundedFX is a US-based prop firm with a reputation for MT5 trading, according to the firm’s published information. The firm offers MT5 across its program lineup.

What it offers MT5 traders: MT5-focused positioning. Multiple program structures. US-based operational framework.

Best for: MT5 traders who value firms that specifically position around the MT5 platform support.

5. Maven Trading

Maven Trading is a newer prop firm with MT5-focused positioning, per the firm’s published company information. The firm accepts global traders.

What it offers MT5 traders: MT5-focused platform commitment. Multiple program structures across account sizes. Newer market entrant with a growing community of traders.

Best for: MT5 traders who value newer firms with a clear platform commitment to MT5.

How to Pick the Right One

The right pick depends on what you value most. Quick framework for MT5 traders.

• If you value broker-backed MT5 execution and program variety, FXIFY fits this profile, with FXPIG providing the underlying broker infrastructure and MT5 supported across the program lineup.
• If you value a long operational MT5 track record and a globally recognised brand, FTMO has been operating since 2014.
• If you value multiple program variants with promotional pricing on MT5, FundedNext has a wide lineup with an established regional brand.
• If you value firms that specifically position around MT5, MyFundedFX has built its reputation around the platform.
• If you value newer firms with clear MT5 commitment, Maven Trading is a strong option.

Each firm suits a different trader profile. For most MT5 traders, FXIFY’s combination of broker-backed execution, program variety, multi-asset trading, EA support, and All-In or Raw pricing flexibility makes it a strong default pick. For more on how trading style maps to program choice, see Which Trading Style Is Best for You?.

FAQs

Do all FXIFY programs support MT5?

FXIFY supports MT5 across Lightning Challenge (MT5 only), One Phase, Two Phase (Standard, Classic, and Pro), Three Phase Challenge, and Instant Funding (Standard and Lite). Most programs also support additional platforms alongside MT5.

Can I use EAs on FXIFY’s MT5 accounts?

EA support runs across most FXIFY programs. Algorithmic traders typically run EAs on VPS hosting, with FXPIG broker execution. Check the specific program rules for any restrictions before buying.

Which instruments are available on FXIFY MT5?

Forex, metals, indices, and stocks are accessible across MT5 programs. The available instrument list varies by program. Check the specific program details before buying.

What pricing structure works best for MT5 traders?

FXIFY offers All-In and Raw pricing at checkout. All-In charges no commission on FX, metals, and indices, but charges a commission on crypto and stocks. Raw is $6 per lot on FX, metals, and indices, with commission on crypto and stocks. Choose based on whether you prefer commission-inclusive spreads or tighter spreads with explicit commission.

How does broker-backed MT5 differ from third-party MT5 integration?

Broker-backed MT5 means the prop firm runs MT5 through its own broker infrastructure, with direct relationships with liquidity providers. Third-party MT5 integration means the prop firm uses an external broker as the execution layer. The difference shows up in execution latency, slippage on larger positions, and platform consistency. FXIFY runs broker-backed MT5 through FXPIG.

Bottom Line

MT5 traders need a prop firm that implements the platform properly: broker-backed execution, full access to features, multi-asset trading, and EA support. FXIFY meets each of these criteria with broker-backed MT5 through FXPIG, program variety across the lineup, multi-asset trading on a single account, EA support across most programs, and All-In or Raw pricing flexibility.

Explore FXIFY’s programs and pick the one that fits how you use MT5.

Risk Disclaimer

Trading foreign exchange, CFDs, and other leveraged products carries a high level of risk and may not be suitable for all investors. You may lose some or all of your initial capital. Past performance is not indicative of future results. The information in this article is for educational purposes only and is not financial advice. Always consult a qualified financial professional before making any trading decisions.