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Best MT5 Brokers of 2024

BrokerNotes.co

Written by BrokerNotes.co
Fact-checked by Steven Hatzakis
Fact-checked by Joey Shadeck
Edited by John Bringans

January 29, 2024

Please note:

A member of our editorial team used a proprietary blend of Generative AI technologies to assist in the creation of the content on this page. All information contained herein has been fact-checked by our lead writer in conjunction with our research team, and thoroughly edited by our editorial staff. Learn more about our generative AI policies, our editorial principles, and our testing methodologies.

MetaTrader, a suite of trading platforms developed by MetaQuotes Software Corporation, has enjoyed enduring popularity with forex and CFD traders.

There are two key platforms in the MetaTrader suite: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Though MT4 has become the platform of choice for many forex traders across the globe, the MT5 platform has seen a surge of adoption in the past decade.

Whether you choose MT4 or MT5, you'll need to choose a reliable, well-regulated forex broker to kickstart your trading journey. Our guide to MetaTrader 5 will make it easier for you to choose a highly regulated MT5 forex broker.

Best MetaTrader 5 (MT5) Brokers

We've conducted rigorous testing of over 60 of the top global forex brokers and their respective MT5 offerings (learn more about how we test brokers). Check out our picks for the best MetaTrader 5 brokers:

  • FOREX.com
    - 9.4/10 Overall
  • Swissquote - 8.8/10 Overall
  • AvaTrade - 8.7/10 Overall
  • OANDA - 8.5/10 Overall
  • Admirals - 8.5/10 Overall
  • Pepperstone - 8.4/10 Overall
  • XM Group - 8.4/10 Overall
  • FP Markets - 8.3/10 Overall
  • FxPro - 8.1/10 Overall
FOREX.com
9.4/10 Overall
Minimum Deposit$100
Tier-1 Licenses7
Tradeable Symbols (Total)5500

FOREX.com is a highly trusted brand with a long history of offering forex in the U.S. and across the globe. FOREX.com offers its own flagship trading platforms for web and desktop, as well as the full MetaTrader suite. Though its pricing is higher than average, FOREX.com is a balanced choice for traders of all experience levels.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Visit Site

A Global Market Leader!

(Trading forex carries a high level of risk.)

Swissquote
8.8/10 Overall
Minimum Deposit$1000
Tier-1 Licenses5
Tradeable Symbols (Total)472

Swissquote delivers a balanced offering of easy-to-use proprietary trading platforms and popular third-party platforms like MetaTrader and TradingView. Swissquote also offers a staggering 3 million financial products. It’s worth noting that Swissquote's pricing is more expensive than what you'd find with low-cost forex brokers.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
AvaTrade
8.7/10 Overall
Minimum Deposit$100
Tier-1 Licenses4
Tradeable Symbols (Total)1260

AvaTrade is a well-rounded, highly trusted broker that offers excellent educational resources for beginners and great tools for copy trading. AvaTrade's commissions and market research are about average, and traders gain access to AvaTrade's proprietary platforms and the full MetaTrader suite.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
OANDA
8.5/10 Overall
Minimum Deposit$0
Tier-1 Licenses7
Tradeable Symbols (Total)1744 info

OANDA is a highly trusted broker that delivers strong market research and support for a range of third-party plug-ins and platforms (like MetaTrader 4 and the wildly popular TradingView). OANDA’s Trade desktop platform is good, not great, but the mobile version is easy to use and boasts a great balance of features.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes info
Admirals
8.5/10 Overall
Minimum Deposit$100
Tier-1 Licenses4
Tradeable Symbols (Total)8702

Admiral Markets is a highly trusted multi-asset broker regulated in multiple reputable jurisdictions. Admiral Markets delivers a powerful MetaTrader experience with advanced supplemental features. With numerous platform add-ons and tools, copy trading, premium market research, and excellent educational content, Admiral Markets is a good choice for forex traders. Read full review.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Pepperstone
8.4/10 Overall
Minimum Deposit$200
Tier-1 Licenses3
Tradeable Symbols (Total)2342

Pepperstone is a highly trusted broker that offers a growing number of tradeable markets and support for third-party platforms such as TradingView, cTrader, a variety of copy trading platforms, and the MetaTrader suite. Traders at Pepperstone also gain access to high-quality research content in both written and video format.

Apple iOS AppYes
Android AppNo
Proprietary PlatformNo
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
XM Group
8.4/10 Overall
Minimum Deposit$5
Tier-1 Licenses4
Tradeable Symbols (Total)1429

XM Group is a trusted broker known for its robust educational materials and quality market research. Traders at XM Group gain access to the full MetaTrader platform suite along with trading tools provided by Trading Central. That said, XM Group doesn't offer any proprietary platforms, and its range of markets and trading costs could improve.

Apple iOS AppYes
Android AppNo
Proprietary PlatformNo
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
FP Markets
8.3/10 Overall
Minimum Deposit$100 AUD
Tier-1 Licenses2
Tradeable Symbols (Total)10000

FP Markets delivers excellent pricing and access to the full MetaTrader suite, as well as cTrader and its own copy trading platform. That being said, FP Markets' pricing is not as low on its IRESS platform, which is optimized for share dealing. FP Markets fares well across most key categories, though its research and education have room to improve.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
FxPro
8.1/10 Overall
Minimum Deposit$100
Tier-1 Licenses2
Tradeable Symbols (Total)2249

FxPro is a trusted brand that delivers access to a wide range of trading platforms, including cTrader, the full MetaTrader platform suite, and its proprietary FxPro Edge and BnkPro apps. Algorithmic traders will appreciate FxPro's execution methods and pricing options, but spreads and overall costs at FxPro are higher than average.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes

What is MetaTrader 5?

Introduced in 2010, MetaTrader 5 (MT5) is a popular forex trading platform for web, mobile, and desktop. Created by MetaQuotes Software Corporation, MT5 is the successor to the widely adopted MT4 platform.

Though MT4 remains the more popular option among retail forex traders, MT5 boasts numerous upgrades and significant improvements to the MetaTrader software suite. That said, MT5's adoption rate among forex traders hasn't kept pace with its predecessor, MT4. That is slowly starting to change, however, as more brokers begin to add MT5 to their platform offering.

MT5 upgrades and improvements

  • Tooltips have now been added to trade execution buttons. This feature displays the number of units of being traded, informing traders about the value of every trade placed in the market.
  • Market depth information is now displayed directly in the terminal window.
  • Expanded time frames; 21-time frames are now available.
  • Traders can hedge trades on MetaTrader.
  • Trade volumes are now displayed alongside the asset price of new positions.
  • The number of technical indicators has been expanded.
  • Tradres can use libraries in MQL5 to convert EAs and indicators built with MQL4 for use with MT5
  • New statistical functions have been added to the Standard Library.
  • Advanced settings have been added to MetaTrader's strategy tester.
  • The MT5 mobile app allows users to chat and interact with other members of the MT5 community from within the MT5 platform.

MT5 special functions and features

MQL5 IDE

MT5's algorithmic trading suite enables the use of forex robots built with the MQL5 programming language. Traders and programmers can use the MQL5 Development Environment to build, test, debug and optimise automated trading robots. There is also a development assistant which enables traders with no experience whatsoever to compile very simple robots. MQL5 is more advanced than its MT4 counterpart, and includes elements of C++ to empower skilled developers to build increasingly complex expert advisors within the MQL5 IDE. Programmers are able to profit from their programming skills, by developing new robots or by selling existing EAs and indicators using the code base.

Strategy Tester

MetaTrader's Strategy Tester enables the optimisation and testing of all software built with MQL5 before they are run on live accounts. Anyone who wants to purchase an EA from the MT5 Community should use the Strategy Tester to evaluate the software before purchase. This can also be done using the demo version of the software.

Is MT5 Free to Use?

Yes, MT5 is free to download and use. However, trading fees will still be applicable when you place live forex trades, which can vary from broker to broker. You'll still be responsible for paying standard trading fees incurred with any forex broker such as commissions, spreads, and overnight carrying costs (premiums).

How does MetaTrader make money?

MetaQuotes Software, the company that developed the MetaTrader platform suite, makes money by licensing its trading platforms directly to brokers. Brokers will pay a fee to license MT4 and MT5 so that they can offer the platforms to their clients. Retail forex traders are not charged any fees from the platform's developer.

Forex Brokers that offer MetaTrader 5

Looking for a forex broker that offers the MetaTrader 5 platform? Check out our comprehensive list of MT5 brokers (listed in alphabetical order). Click on each broker's name to read our data-based broker reviews.

  • Admiral Markets
  • ACY Securities
  • AvaTrade
  • BDSwiss
  • BlackBull Markets
  • Eightcap
  • FlowBank Review
  • FOREX.com
  • FP Markets
  • FXCM
  • FxPro
  • HYCM
  • HFM
  • IC Markets
  • IG
  • LegacyFX
  • Moneta Markets
  • OANDA
  • OctaFX
  • Pepperstone
  • Swissquote
  • Tickmill
  • TMGM
  • Trade360
  • Vantage
  • VT Markets
  • XM Group.

  • MetaTrader 5 Platforms

    Like its predecessor, MT4, MetaTrader 5 is available for desktop, web, and mobile. The differences between the MetaTrader 5 platform options largely come down to individual trader preferences, trading styles, and the specific requirements of individual trading strategies. Remember: Regardless of platform choice, always prioritize risk management and responsible investing.

    MetaTrader 5 Mobile App

    Pros:

    • Portability: Traders using mobile trading apps have the ability to monitor, execute, and manage trades from anywhere in the world with an internet connection. This flexibility is especially valuable in the fast-paced forex markets.
    • Real-time data: Live quotes, charts, and trading analytics are at your fingertips, helping you remain informed on the go.
    • Notifications: Instant alerts and push notifications keep you updated on market movements, facilitating timely decision-making.

    Cons:

    • Limited functionality: The mobile app, while robust, may not offer the full suite of tools available on the desktop or web versions (such as the ability to run backtests for automated trading or execute Expert Advisors).
    • Smaller screen: Chart analysis and multitasking can be more challenging on smaller screens.
    • Dependence on mobile network: As with any mobile trading app, the platform's efficiency may be compromised in areas with weak cellular signals or unreliable Wi-Fi.

    MT5 is available for Android and iOS users for on-the-go trading. Despite being temporarily delisted from the Apple App Store in September 2022, MetaTrader is available again for iOS as of March 2023.

    smartphoneWhere you can download MT5 for mobile:

    MetaTrader 5 is available for download from the Apple App store and for Android on the Google Play store.

    MetaTrader 5 Web Platform

    Pros:

    • Cross-platform compatibility: The MT5 Web Platform is accessible from any device with an internet connection and a web browser.
    • Frequent updates: Most (if not all) web trading platforms typically receive real-time updates, ensuring users always have access to the latest features and security patches.

    Cons:

    • Browser reliance: Performance can vary based on the browser used, and there might be occasional compatibility issues.
    • Potentially limited features: While more comprehensive than the mobile version, some features available on the desktop platform might still be missing.

    desktop_windowsWant to try out MT5 on your web browser?

    Check out the web version of MT5 by navigating to the web platform landing page on the MetaTrader 5 website.

    MetaTrader 5 Desktop Platform

    Pros:

    • Full suite of tools: Offers the most comprehensive set of analytical tools, charts, and trading functionalities, suitable for the most demanding traders.
    • Customizability: Allows for a tailored trading experience with custom indicators, scripts, and automated trading robots (Expert Advisors).

    Cons:

    • Stationary: Like all desktop software, the desktop version of MT5 requires a dedicated machine. You can't just log in from any device (like with the MT5 web platform) or carry it in your pocket (like the MT5 mobile app).
    • Software updates: Unlike the web platform, which updates automatically, the desktop platform might need manual updates from time to time.

    desktop_windowsPrefer to use MT5 on your desktop computer?

    Download MT5 for desktop on MetaTrader’s MT5 site.

    Can I use MT5 without a broker?

    No, you can't use MetaTrader (MT4 or MT5) without a broker. You’ll need to open a live account with a broker that offers MetaTrader 5 (MT5) to trade with real funds. You need to open a live account with a broker that offers MT5 to trade with real funds. While you can try out MT5 with a demo account, live trading isn't possible unless you've connected MT5 to your broker. Whether you decide to connect your broker to MT4 or MT5, it's critical to make sure that your forex broker that is highly regulated to safeguard yourself from potential forex scams.

    Which is better for beginners, MT4 or MT5?

    If you're just starting out as a forex trader, you might be wondering whether MT4 or MT5 is a better fit for you. In our experience, MT4's simplicity may make it a more suitable choice for beginners. As you gain more trading experience and begin to understand the intricacies of forex trading, you may find the expanded features and advanced capabilities of MT5 increasingly beneficial.

    Both platforms are designed with user-friendly interfaces, but MT5 presents a steeper learning curve due to the complexity of its features and functionalities. That being said, it's important to remember that both platforms provide plenty of support and online resources to assist you in your learning journey.

    The table below summarises some of the more prominent differences between the two platforms.

    What is the best forex broker for MT5?

    IC Markets is our top pick for the best forex broker for traders that want to use MetaTrader 5. IC Markets stands out due to its high global trading volumes among MetaTrader brokers, and its competitive pricing and execution methods make it a popular choice for algorithmic traders. Traders at IC Markes gain access the Advanced Trading Tools package, a suite of platform add-ons developed by FX Blue LLP. The broker also supports third-party plugins from Trading Central and AutoChartist. If you'd like to learn more about why IC Markets received the top ranking for MetaTrader brokers in 2024 from our sister site, ForexBrokers.com, be sure to check out our data-based IC Markets review.

    What is MetaQuotes Software?

    MetaQuotes Software is a renowned financial technology company that was founded in the year 2000. Based in Russia, MetaQuotes is best known for the development of its MetaTrader suite of online trading platforms. The company started its journey by creating FX Charts, an online charting package for forex traders. However, it was the launch of the MetaTrader platform in 2002 that brought the firm global recognition. Today, MetaQuotes Software has become a staple in the financial markets and has offices and representative branches in several countries worldwide, including the United States, China, and Singapore.

    A brief history of MetaTrader

    MetaTrader 4, often referred to as MT4, was launched by MetaQuotes Software in 2005. MT4 became an instant hit among forex traders and brokers for its user-friendly interface, automated trading capabilities, and the scripting language MQL4, which allowed users to develop their own indicators and trading robots (also known as Expert Advisors). MT4 is immensely popular and is still used by a considerable number of forex traders worldwide.

    Following the success of MT4, MetaQuotes Software released MetaTrader 5 (MT5) in 2010. Despite its upgraded functionalities, adoption of MT5 was initially slow due to the deep-rooted popularity of its predecessor. Designed as a full-fledged multi-asset trading platform, MT5 includes additional timeframes, advanced trading operations, enhanced order management capabilities, and the ability to trade a wider range of instruments beyond forex. Today, MT5 is gaining more recognition as brokers and traders start to embrace its advanced features and broader capabilities.

    BrokerNotes.co 2023 Overall Rankings

    To recap, here are our top forex brokers for 2023, sorted by Overall ranking.

    Company Overall Rating Minimum Deposit Average Spread EUR/USD - Standard Trust Score Tradeable Symbols (Total) Read Review Visit Site
    IC Markets logoIC Markets 8.1 $200 0.62 info 84 3583 IC Markets Review
    FP Markets logoFP Markets 8.3 $100 AUD 1.1 info 87 10000 FP Markets Review
    Pepperstone logoPepperstone 8.4 $200 0.77 info 95 2342 Pepperstone Review
    CMC Markets logoCMC Markets 9.6 $0 0.61 info 99 12074 CMC Markets Review
    FOREX.com logoFOREX.com 9.4 $100 1.4 info 99 5500 FOREX.com Review Visit Site
    FxPro logoFxPro 8.1 $100 1.51 info 90 2249 FxPro Review
    Tickmill logoTickmill 8.1 $100 0.51 info 83 725 Tickmill Review
    IG logoIG 9.9 £250.00 0.98 info 99 19537 IG Review Visit Site
    Interactive Brokers logoInteractive Brokers 9.9 $0 0.63 info 99 8500 Interactive Brokers Review
    Saxo Bank logoSaxo Bank 9.7 $0 1.1 info 99 70000 Saxo Bank Review
    TD Ameritrade logoTD Ameritrade 9.3 $0 1.25 info 99 0 TD Ameritrade Review
    City Index logoCity Index 9.3 £100.00 1.4 info 99 13500 City Index Review
    XTB logoXTB 9.1 $0 1.07 info 96 6010 XTB Group Review
    eToro logoeToro 8.8 $10-$10,000 1 info 90 3479 eToro Review
    Swissquote logoSwissquote 8.8 $1000 N/A info 99 472 Swissquote Review
    Capital.com logoCapital.com 8.7 $20 info 0.67 info 87 3021 Capital.com Review
    AvaTrade logoAvaTrade 8.7 $100 0.92 info 94 1260 AvaTrade Review
    Plus500 logoPlus500 8.6 €100 0.8 (August 2021) info 99 5500 info Plus500 Review
    OANDA logoOANDA 8.5 $0 1.57 info 93 1744 info OANDA Review
    FXCM logoFXCM 8.5 Starts from $50 0.74 info 95 440 FXCM Review
    Admirals logoAdmirals 8.5 $100 0.8 info 93 8702 Admiral Markets Review
    XM Group logoXM Group 8.4 $5 1.6 info 88 1429 XM Group Review
    Markets.com logoMarkets.com 8.1 $100 1.9 info 96 2179 Markets.com Review
    Fineco Bank logoFineco Bank 8.0 $0 N/A info 94 9770 Fineco Bank Review
    BlackBull Markets logoBlackBull Markets 8.0 $0 0.827 info 77 26000 BlackBull Markets Review
    Vantage logoVantage 8.0 $50 1.30 info 90 1000 Vantage Review
    HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets) 7.9 $20 0.6 info 88 1199 HYCM Review
    HFM logoHFM 7.9 $0 1.2 info 86 3500 HFM Review
    ThinkMarkets logoThinkMarkets 7.8 $0 info 1.1 info 92 4000 ThinkMarkets Review
    FlowBank logoFlowBank 7.7 $0 N/A info 80 408600 FlowBank Review
    DooPrime logoDooPrime 7.8 $100 N/A info 83 10000 DooPrime Review
    Trading 212 logoTrading 212 7.7 €10 1.9 info 79 8025 Trading 212 Review
    BDSwiss logoBDSwiss 7.7 $10-$5000 info 1.6 info 76 1081 BDSwiss Review
    Trade Nation logoTrade Nation 7.6 $0 0.6 85 601 Trade Nation Review
    TMGM logoTMGM 7.6 $100 0.96 info 83 12000 TMGM Review
    Moneta Markets logoMoneta Markets 7.5 $50 1.27 info 72 1016 Moneta Markets Review
    Eightcap logoEightcap 7.5 $100 1.0 info 85 736 Eightcap Review
    MultiBank logoMultiBank 7.5 $50 N/A 84 1042
    ACY Securities logoACY Securities 7.4 $50 1.2 info 75 2200 ACY Securities Review
    RoboForex (RoboMarkets) logoRoboForex (RoboMarkets) 7.3 $100 1.4 info 71 12000 Roboforex (RoboMarkets) Review
    VT Markets logoVT Markets 7.3 $100 1.2 info 70 1000 VT Markets Review
    easyMarkets logoeasyMarkets 7.3 $50 0.9 info 80 199 easyMarkets Review
    IronFX logoIronFX 7.2 $50 1.2 83 340 IronFX Review
    Spreadex logoSpreadex 7.2 $0 0.81 info 71 10000 Spreadex Review
    IFC Markets logoIFC Markets 7.2 $1 1.44 info 67 630 ATFX Review
    Trade360 logoTrade360 7.2 $250 N/A info 76 1062 Trade360 Review
    Octa logoOcta 7.2 $25 0.9 info 70 230 OctaFX Review
    Axi logoAxi 7.1 $0 N/A info 81 175 Axitrader Review
    TeleTrade logoTeleTrade 7.1 $100 N/A 71 500 Teletrade Review
    GKFX logoGKFX 7.0 $0 N/A info 65 354 GKFX Review
    Exness logoExness 7.0 $1 0.9 info 71 112 Exness Review
    Vestle logoVestle 7.0 -1 N/A 78 750 Vestle Review
    FXOpen logoFXOpen 7 $100 N/A info 80 87 FXOpen Review
    FXPrimus logoFXPrimus 7.0 $100 N/A info 71 140 FXPrimus Review Visit Site
    Forex4you logoForex4you 6.9 $0 N/A info 61 150 Forex4you Review
    GBE brokers logoGBE brokers 6.8 $500 N/A info 71 500 GBE Brokers Review
    Alpari logoAlpari 6.8 $20 N/A info 68 105 Alpari Review
    TopFX logoTopFX 6.7 Depends on payment method N/A info 67 655 TopFX Review
    Libertex (Forex Club) logoLibertex (Forex Club) 6.7 $10 N/A info 73 300 Libertex Review
    LegacyFX logoLegacyFX 6.7 $500 N/A 67 425 LegacyFX Review
    FXGT.com logoFXGT.com 6.6 $5 N/A 69 117 FXGT Review
    ATFX logoATFX 6.5 $500 N/A info 73 150 ATFX Review
    Xtrade logoXtrade 6.5 $250 N/A info 80 142 Xtrade Review

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    Methodology

    At BrokerNotes.co, our data-driven reviews of online brokers are based on our own extensive testing of each broker's products and services as well as the qualified observations of our expert editorial team. In conjunction with our sister site, ForexBrokers.com, we’ve published well over 100,000 words of research and collected thousands of data points across hundreds of variables. Our in-depth trading guides are created with the same rigorous, data-driven approach.

    Our proprietary Trust Score rating system tracks data from over 100 regulatory jurisdictions to help forex traders understand the regulatory status of their forex broker and choose a broker that they can trust.

    Our editorial team is led by Steven Hatzakis, an industry veteran with decades of experience and a deep understanding of the forex market. Our team conducts thorough testing on a wide range of brokers, platforms, products, technologies, third-party trading tools, and mobile apps. We also test for the availability of high-quality educational content, actionable market research resources, and the accessibility and capabilities of mobile platforms. All of our ratings and rankings are based on the collection and validation of thousands of data points and our in-depth product testing.

    Part of our testing process involves in-depth research into commissions and fees. We dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads (we always strive to determine the average spreads for each broker to better serve our readers), and a variety of other fee-based data points.

    All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go.

    When testing mobile apps or mobile products, we test on both Apple and Android devices. For Apple, we test with the iPhone XS running iOS 16, and for Android we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 13.

    All of the content on BrokerNotes.co is researched, fact-checked, and edited by members of our editorial team. Our ratings and rankings are driven by our independent data collection. We may use generative AI tools to assist in some of the rote aspects of our content production processes, but the substance of our content, as well as our opinions and evaluations are based on our extensive research and product testing. Read our Generative AI policy to learn more.

    Our rigorous data validation process provides our readers with quality data they can trust. Click here to learn more about how we test.

    Forex Risk Disclaimer

    There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

    About the Editorial Team

    BrokerNotes.co
    BrokerNotes.co

    BrokerNotes is powered by a dynamic team of writers, researchers, content strategists, data analysts, editors, traders, and investors. We are obsessed with creating the best finance content on the internet, and we are dedicated to helping our readers make great choices for their money.

    Steven Hatzakis
    Steven Hatzakis

    Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

    Joey Shadeck
    Joey Shadeck

    Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

    John Bringans
    John Bringans

    John Bringans is the Senior Editor of BrokerNotes.co and ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

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