MT5 prop firms

Employing advanced trading platforms allows prop traders to comprehensively analyze financial markets, and quickly make accurate trading decisions. Errors and bugs in prop trading can determine win and loss and can become a risk when you have to follow strict risk rules. Knowing which prop firms use MT5 can greatly assist traders to focus on financial trading and avoid frustration by searching the web for reliable props.

Why MT5 is important in prop trading

A reliable and safe prop firm with MT5 allows traders to not only access diverse financial markets such as Forex and CFDs but also the possibility to comprehensively analyze markets with various tools. MT5 also allows traders to execute trading positions with just one click and is a very responsive platform despite being very advanced. This is crucial in prop trading where traders have to follow strict daily and maximum risk limits while aiming to achieve certain profit targets set by the firm.

Benefits of MT5

MetaTrader 5 (MT5) is a successor to the wildly popular trading platform MT4 from MetaQuotes. It has been around for years and offers advanced charting and price analysis tools in a user-friendly interface. The platform has a large community allowing traders to access thousands of free custom indicators and trading robots. It is super reliable and is updated constantly ensuring top-notch security features which is crucial in financial trading. When evaluating prop firms MT5 availability can become very important for traders who want to use EAs (Expert Advisors) or custom indicators which are not typically built into other trading platforms. Coupled with superior trade execution speeds and various charting tools, MT5 can become the right hand of a prop trader.

Top MetaTrader 5 prop firms

Selecting a reliable prop firm is a top priority for profitable prop trading. Below is the list of the prop firms that use MT5:

• Blue Guardian — One of the lowest fees
• FTUK — Highest maximum funding
• Instant Funding — fastest evaluation
• Forex Prop Firm — Overall solid
• FundYourFX — The best scaling plan

Any of those firms will provide a safe trading environment to ensure prop trading profits and long-term success. Let’s briefly overview each of them, including specs and important criteria like safety, rules, funding options, support, assets, and more.

Blue Guardian — Lowest fees

Blue Guardian is one of the best MetaTrader 5 prop firms, allowing traders to employ the full capabilities of this advanced platform, including EAs and custom technical indicators.

? Here are all the critical specs of the Blue Guardian prop firm:

• Year founded — 2019
• Based in — Solihull, West Midlands, England
• Minimum fee for a one-step account — 87 USD
• Minimum Blue Guardian funding — 10,000 USD
• Maximum Blue Guardian funding — 200,000 USD
• Blue Guardian daily loss limit — 4%
• Blue Guardian maximum drawdown — 6%
• Blue Guardian profit target — 10%
• Blue Guardian profit sharing (payouts) — 85%
• Trading platform — MetaTrader 4
• Trading markets — FX, FX Exotics, Indices, Gold & Commodities, and Cryptos

Sign up for a Blue Guardian account Here! ?

Blue Guardian Safety, Funding Options, and Assets

When assessing the safety of MT5 prop firms, their experience in the industry is one of the most important metrics. Blue Guardian has been around since 2019 making it a very experienced prop firm. The firm also offers all trading services through regulated brokers and liquidity providers, another important layer of safety for traders, eliminating risks of price manipulation. The firm lacks FPA reviews, but it achieved a high-rank score of 4.8 on the Trustpilot, indicating Blue Guardian’s legitimacy. Blue Guardian offers 10k, 25k, 50k, 100k, and 200k USD funded accounts on four different challenge account types, Unlimited, Elite, Rapid, and 3 Step. The firm allows traders to speculate on a number of financial markets including Forex pairs, indices, and commodities.

Sign up for a Blue Guardian account Here! ?

Blue Guardian Rules, Fees, and Platforms

Blue Guardian has simple rules, only requiring traders to follow strict risk management rules. The firm typically has a 4% daily risk limit, a 6% maximum drawdown, and a profit target of around 10%, depending on the account type selected. The leverage varies between 1:50 and 1:100, and Blue Guardian has an 85% profit share. The spreads are super low from 0 pips on major Forex pairs and there is a low commission of 6 USD per lot round turn. The firm allows traders to access advanced trading platforms including MatchTrader, TradeLocker, and MetaTrader 5. Blue Guardian MT5 is available for mobile devices, allowing traders to speculate on markets on the go.

Sign up for a Blue Guardian account Here! ?

Blue Guardian Education and Support

When it comes to educational resources, Blue Guardian only offers a trading blog. However, this blog can not be used as a full replacement for a decent financial trading education and traders are advised to use additional resources to master core trading concepts. The firm additionally offers tools and trader dashboards, which allow its traders to monitor progress and use various features for free.

Blue Guardian support is provided via live chat and email options, and both the website and support are in English.

FTUK — Highest maximum funding limit

FTUK is another reliable entry in the list of the best MT5 prop firms. The firm offers an MT5 platform and allows traders to access a wide range of funding options from 10k to 100k USD. FTUK funded account types include instant funding accounts, one-step, and two-step evaluation options. The profit sharing is 80%, allowing traders to withdraw a significant portion of their profits, and the leverage is capped at 1:100.

Sign up for an FTUK funding account Here! ?

? List of FTUK instant funding specs:

• Year founded — 2021
• Based in — Dubai, United Arab Emirates
• Minimum fee FTUK account — 149 USD
• Minimum FTUK funding — 14,000 USD
• Maximum FTUK funding — 90,000 USD (6,760,000 USD with scaling)
• FTUK daily loss limit — None
• FTUK maximum drawdown — 8%
• FTUK profit target — 10%
• FTUK profit sharing (payouts) — 80%
• Trading platform — MetaTrader 4, MetaTrader 5
• Trading markets — Forex, commodities, indices, cryptos

Sign up for an FTUK funding account Here! ?

FTUK Safety, Funding Options, and Assets

FTUK is a reliable firm and has been around for years. The firm has considerable experience in the prop trading industry and has very positive trader feedback on Trustpilot. Adding to this is the firm’s partnership with regulated brokers that back its trading services, allowing the firm to offer a wide range of accounts and advanced platforms. The funded options are 10k, 25k, 50k, and 100k USD. The firm recently changed to these options, and the lower funded option was 6k. The firm has a decent scaling plan that allows traders to access more than 6 million dollars of trading capital. The leverage is very flexible at FTUK capped at 1:100, which allows traders to control large trading positions. FTUK allows access to diverse trading asset classes including Forex pairs, indices, commodities, and cryptos.

FTUK Rules, Fees, and Platforms

FTUK has a simplistic and transparent approach to funded account rules and allows traders to use EAs on MT5. Holding open positions overnight and over the weekends is allowed. FTUK has no daily risk limits, which is super appealing for swing traders. As for the fees, the firm has the following fees for MT5 funded accounts:

• 10,000 USD funding accounts – 99 USD fee
• 25,000 USD funding accounts – 179 USD fee
• 50,000 USD funding accounts – 269 USD fee
• 100,000 USD funding accounts – 499 USD fee

FTUK allows traders access to advanced platforms such as MT5 and MT4 as well. Mobile trading is available through the mobile trading apps of MT4 and MT5.

Sign up for an FTUK funding account Here! ?

FTUK Education and Support

FTUK lacks educational materials, which is not an issue for MT5 traders. The firm has a trading blog, but it is mainly concerned with posts about tips and tricks for prop trading and FTUK products. The firm ensures excellent support via live chat and email channels, and both the website and support are available in the English language.

Instant Funding — Highest funding speed

Instant Funding is another prop firm using MT5 that is reliable and safe with positive trader reviews. The firm is based in London, United Kingdom, and offers a wide range of funding options from 1,250 USD to 100k USD. This is by far the best range of funding options for beginners as the firm allows beginners to start low and gradually increase their MT5 trading balance using the Instant Funding scaling plan.

? Instant Funding specs are as follows:

• Year founded — 2023
• Based in — London, United Kingdom
• Minimum fee on lowest account — 79 USD
• Minimum funding — 10,000 USD
• Maximum funding — 100,000 USD
• Instant Funding daily loss limit — 3%
• Instant Funding maximum drawdown — 6% smart drawdown
• Instant Funding profit target — 10%
• Instant Funding profit sharing (payouts) — 80% (90% for scaled accounts)
• Trading platform — MetaTrader 5, cTrader, DXTrade
• Trading markets — Forex, indices, commodities, cryptos

Sign up for an Instant Funding account Here! ?

Instant Funding Safety, Funding Options, and Assets

Instant Funding is a reliable prop trading brand that has existed since 2023 and has already gained popularity among retail prop traders using MT5. The firm offers trading services backed by ThinkMarkets, a regulated Forex and CFDs broker. This is super important when evaluating the safety of Instant Funding and leaves no room for price manipulation. Trader reviews on the Trustpilot are also super positive for Instant Funding prop firm with the majority of traders evaluating it as an excellent services provider. The range of funding options offered by Instant Funding is between 1,25k to 100k USD with a maximum leverage of 1:100, providing traders with considerable buying power. The profit target is at 10% which is very popular in the prop trading industry. Funded accounts offered are Instant Funding, One-Phase, Two-Phase, and Three-Phase. Traders can speculate on a range of markets including Forex pairs, indices, cryptos, and commodities such as metals and oil.

Sign up for an Instant Funding account Here! ?

Instant Funding Rules, Fees, and Platforms

Instant Funding has very straightforward requirements and traders need only to hit the profit target without breaching maximum risk rules such as daily risk limit and maximum drawdown level. EAs are allowed which is very beneficial for traders using the MT5 platform. Instant Funding one-phase funded accounts have the following one-time fees:

• 10,000 USD — 79 USD
• 25,000 USD — 149 USD
• 50,000 USD — 259 USD
• 100,000 USD — 429 USD

Together with MetaTrader 5 (MT5) Instant Funding also offers access to other advanced platforms such as DXTrade and cTrader. Mobile trading is available through mobile versions of these platforms and spreads are very competitive.

Sign up for an Instant Funding account Here! ?

Instant Funding Education and Support

Instant Funding offers traders who use MT5 very high-quality customer support services via live chat and email channels. Both the website and support are multilingual making the firm an international brand.

The educational resources are lacking on the Instant Funding website which is its main downside.

Forex Prop Firm — Solid offerings

Forex Prop Firm is one of the best prop firms with MT5, offering diverse funded options from 10k to 400k USD and fees from 94 dollars. The firm has a very robust experience in the prop trading industry and offers up to 80% profit split with spreads from 0 pips, attractive for scalpers and EA users. There is a decent scaling plan offering maximum funding of up to 10 million dollars which is useful for experienced traders.

Sign up for a Forex Prop Firm account Here! ?

? Here are important Forex Prop Firm specs for its 1-step funded account:

• Year founded — somewhere in 2015
• Based in — Quebec, Canada
• Minimum Forex Prop Firm account fee — 94 USD
• Minimum Forex Prop Firm funding — 10,000 USD
• Maximum Forex Prop Firm funding — 400,000 USD
• Forex Prop Firm daily loss limit — 4%
• Forex Prop Firm maximum drawdown — 6%
• Forex Prop Firm profit target — 10%
• Minimum trading days — None
• Commission — 4.5 USD per lot (0.45 USD per lot for indices)
• Forex Prop Firm profit sharing (payouts) — 80%
• Trading platform — MetaTrader 4, MetaTrader 5
• Trading markets — Commodities, Forex, Indices & Stocks

Sign up for a Forex Prop Firm account Here! ?

Forex Prop Firm Safety, Funding Options, and Assets

Forex Prop Firm has been around since 2015 making it one of the most experienced and first prop firms using MT5 as the main trading platform. The firm is partnered with regulated brokers and offers spreads from 0 pips on major FX pairs, which is especially attractive for traders employing various scalping methods. Forex Prop Firm has a 4.6 score on the Trustpilot, meaning the vast majority of traders evaluate the firm as a high-quality prop firm that is also reliable and safe. The exact funding options include 10k, 25k, 50k, 100k, 200k, and 400k USD. The assets allowed for trading using EAs at FPF include Forex pairs, indices, commodities, stocks, and cryptos. The leverage restrictions include 1:30 for FX, 1:10 for cryptos, and 1:5 for stocks.

Sign up for a Forex Prop Firm account Here! ?

Forex Prop Firm Rules, Fees, and Platforms

The profit target at Forex Prop Firm is among the lowest in the industry allowing traders to get funded almost instantly. Traders have to make a 5% profit which is much lower than the 10% that is offered by many firms.

The fees depending on the fund adoption of one-step accounts include:

• 10,000 USD — 94 USD one-time fee
• 25,000 USD — 209 USD
• 50,000 USD — 319 USD
• 100,000 USD — 549 USD
• 200,000 USD — 999 USD
• 400,000 USD — 1,899 USD

Forex Prop Firm MT5 platform allows traders to use advanced chart analysis tools and custom indicators.

Sign up for a Forex Prop Firm account Here! ?

Forex Prop Firm Education and Support

Forex Prop Firm does not offer education for beginner traders but has a trading blog available. Despite offering some educational posts, the blog is still not a proper replacement for actual learning materials. Support is critical in prop trading as it allows to quickly resolve issues in trading. The firm offers live chat and email channels and both the website and support are available in English only, a slight downside.

FundYourFX — Highest scaling

FundYourFX is another excellent MetaTrader 5 prop firm, offering diverse funding ranges and access to the MT5 advanced platform. The firm has a decent experience in the industry as it was launched in 2021 and has been offering funded accounts from 7k to 80k USD ever since. The firm truly has different and unique funded options and offers these accounts at slightly higher prices than the resort of firms in this list.

?Below is the list of FundYourFX specs:

• Year founded — 2021
• Based in — Indonesia
• The minimum fee for a one-step account — 197 USD
• Minimum one-step funding — 6,000 USD
• Maximum one-step funding — 2,000,000 USD
• One-step daily loss limit — None
• One-step maximum drawdown — 5%
• One-step profit target — 10%
• One-step profit sharing (payouts) — 50-90%
• Trading platform — EightCap MetaTrader 4, MetaTrader 5
• Trading markets — Forex pairs, commodities, indices, cryptos

Sign up for a FundYourFX funded account Here! ?

FundYourFX Safety, Funding Options, and Assets

FundYourFX is a safe prop firm backed by its experience and numerous positive reviews from retail prop traders. The firm has very positive evaluations of Trustpilot and is partnered with regulated brokers to ensure a safe trading environment. FundYourFX allows traders to trade various markets such as Forex pairs, commodities, cryptos, and indices. There are 40+ FX pairs, and over 300 different cryptos, allowing traders to use their EAs on crypto markets. The firm also offers a scaling plan and allows traders to gain access to trading capital of up to 6 million dollars. With these offerings, FundYourFX is a safe prop trading brand that is suitable for both beginners and seasoned traders.

Sign up for a FundYourFX funded account Here! ?

FundYourFX Rules, Fees, and Platforms

FundYourFX rules are very simplistic as traders only need to hit the profit target using their preferred strategy while maintaining daily and maximum risk in check. The daily risk limit is typically around 4% depending on the funded account type and the maximum drawdown is 6%. With a 10% profit target, traders can get up to 90% profit sharing. The firm allows EAs and offers an MT5 trading platform, making it possible to use custom indicators and advanced trading robots. The fees are slightly expensive at FundYourFX from 187 dollars on the 7k funded accounts.

Trading platforms of FundYourFX include MT4 and MT5 and mobile trading is also available through mobile app versions of these platforms. The firm is partnered with EightCap, a regulated Forex and CFDs broker offering spreads near 0 pips on major pairs.

Sign up for a FundYourFX funded account Here! ?

FundYourFX Education and Support

The firm lacks educational resources and there is a blog, offering some pro tips on financial trading which is useful. Despite these tips and posts, the blog is not still a replacement for a proper education. As for customer support, FundYourFX offers both live chat and email channels, and both the website and support are provided only in English.

The cheapest propfirm MT5 list

As we can see, Blue Guardian is the cheapest prop trading firm that offers MetaTrader 5 advanced platform.