FTMO is the strongest default choice for traders who specifically want MetaTrader 5 (MT5). This comparison was checked on ****. FTMO supports MT5 for its 1-Step Challenge, 2-Step Challenge and FTMO Account. It also provides an MT5 free trial.
Other prop firms that advertise MT5 include FundedNext, FundingPips and E8 Markets. Availability can change based on your country, account type and the challenge you select.
Prop Firms That Offer MT5
| Prop firm | MT5 available? | Important limitation |
|---|---|---|
| FTMO | Yes | MT5 is available for the 1-Step Challenge, 2-Step Challenge and FTMO Account. |
| FundedNext | Yes | Eligible non-U.S. traders can use MT5. U.S. clients must use Match-Trader. |
| FundingPips | Yes | FundingPips lists MT5 alongside cTrader and Match-Trader. Confirm availability for your country and account. |
| E8 Markets | Yes, depending on region | U.S. clients cannot purchase or use E8 MT5 accounts. |
Why FTMO Is a Strong MT5 Choice
FTMO has the clearest MT5 offering among the firms listed here.
- MT5 is available for both FTMO Challenge products and the FTMO Account.
- FTMO offers a free MT5 trial, so traders can test the platform and evaluation conditions before buying a challenge.
- MT5 works on Windows, macOS, Android and iOS.
- FTMO allows algorithmic trading and Expert Advisors, subject to its trading rules and prohibited-strategy policy.
- FTMO provides an App Suite for MT4 and MT5 accounts.
FTMO accounts use simulated trading capital rather than a conventional live brokerage account. FTMO provides the MT5 environment, then applies its own evaluation, drawdown and reward rules.
Is MT5 Available to U.S. Traders?
MT5 access is limited for U.S. traders, so check the platform shown at checkout before paying for a challenge.
- FundedNext: U.S. clients cannot use MT4, MT5 or cTrader. Match-Trader is the supported platform for U.S. clients.
- E8 Markets: U.S. clients cannot purchase or use MT5 accounts. TradeLocker and Match-Trader are available instead.
- FTMO: U.S. customers use a separate FTMO US arrangement. Confirm that MT5 is available for the U.S. product before purchasing.
A firm's international website may show MT5 even when the platform is unavailable after you select the United States as your country.
FundedNext Versus FTMO for MT5
FTMO is the simpler choice if MT5 is your main requirement. It lists MT5 for its main evaluation products and provides an MT5 free trial.
FundedNext is worth considering if you want more platform options and qualify for its non-U.S. MT5 accounts. It supports MT4, MT5, cTrader and Match-Trader, although the platform is generally locked after the first trade.
The main distinction is platform certainty. FTMO gives MT5 a clear place across its listed challenge products, while FundedNext requires you to confirm eligibility based on your location and account.
What to Check Before Buying an MT5 Prop Challenge
Check the firm's current rules page for all of the following:
- MT5 is available in your country.
- MT5 is available for the exact account size and challenge type.
- Your platform choice will not be locked after your first trade.
- Your Expert Advisors, indicators, hedging and automated strategies are allowed.
- The account includes the symbols and contract specifications you need.
- The daily loss and maximum loss rules fit your strategy.
- The account is simulated and rewards are subject to the firm's terms.
Final Recommendation
For non-U.S. traders, FTMO is the best starting point for an MT5 prop trading account because it lists MT5 across its main products and provides a free trial.
For U.S. traders, confirm platform eligibility before paying. FundedNext and E8 Markets restrict U.S. customers from using MT5, while FTMO directs U.S. customers to a separate offering.